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By Stanley Hurwitz
June 2005

18-Acre Parcel Near Orlando International Airport
Dickinson Development's Southern Gateway Corp. sells Orlando parcel for $2.2 million

QUINCY, MASS. — An undeveloped 18-acre parcel near Orlando International Airport in Florida has been sold for $2.2 million by an investment group led by Mark Dickinson, President of Dickinson Development Corp. of Quincy (Mass.).

Dickinson, a principal in the entity that owned the parcel, Southern Gateway Corporation, announced that the buyer is Realvest Properties of Orlando, which plans to construct a 180,000 square feet of industrial buildings on the site located in the Semaron Commerce Center. Realvest owns and manages commercial properties in a dozen states.

The property, which sold for about $122,200 per acre, is two miles from Orlando International Airport, west of State Road 436. Several years ago, Dickinson and his partners sold an adjoining 18 acres which is now Thrifty Rent-A-Car’s Orlando headquarters.

Last year, Dickinson Development completed Phase I of the Crossing at Walkers Brook, a retail shopping center in Reading anchored by Home Depot and Jordan’s Furniture. Phase II of the 33-acre, $90 million project is slated for completion this summer. In all, the center will consist of 475,000 square feet.

Founded in 1980, Dickinson Development Corp. is a commercial real estate development company that has developed over three million square feet of office, retail and industrial space and hotels in New England and Florida. (For more information, contact Mark Dickinson: 617-770-1955 or visit www.dickinsondev.com).

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