LG Leases 349 KSF Facility Near Tampa
LG Electronics USA has signed a 348,740-square-foot lease for Building 400 at Stonemont Financial Group’s Lakeland Commerce Center in Lakeland, Fla., a Tampa submarket.
The campus consists of four rear-load facilities that broke ground in July 2022 and came online in the first quarter of this year. Partners on the development comprised architecture firm Ware Malcomb and general contractor Frampton Construction, as well as civil engineer Kimley Horn.
Building 400 has 36-foot clear heights, 95 dock-high loading doors, four drive-in doors and a 130- to 185-foot truck court. Additionally, the distribution center has more than 200 parking spaces and 68 trailer stalls.
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Following the deal, the 905,550-square-foot campus is 51 percent leased. The other facilities range from 148,100 to 258,000 square feet and have 32-foot clear heights, as well as a total of 173 dock-high loading doors.
Located at 5135 Drane Field Road, the facility is less than 3 miles from the Lakeland Linder International Airport. Downtown Lakeland is within 12 miles northeast.
LG’s recent U.S. expansion
LG has been expanding its U.S. footprint in the last months. In June, Geis Cos. completed the company’s LG Chem Ohio, a two-building, 248,000-square-foot campus in Ravenna, Ohio. The complex consists of a 100,000-square-foot office building and a 148,000 square foot manufacturing facility.
Earlier this year, the firm also announced plans for the construction of a $5.5 billion battery manufacturing campus in Queen Creek, Ariz. Representing the largest single investment for a stand-alone battery manufacturing facility in North America, the development will consist of a 1.4 million-square-foot plant that will produce cylindrical EV batteries.
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