OUC to sell large property near Orlando airport

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

The Orlando Utilities Commission has proposed the sale of a large piece of land near Orlando International Airport.

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OUC’s Governing Board on Sept. 13 will consider a purchase agreement of roughly 165 acres over three parcels east of Wetherbee Road to San Francisco real estate investment trust (REIT) Prologis LP (NYSE: PLD) for $44.81 million, or $271,575 per acre.

OUC got the property in 2007 from Southern Co. - Jetport LLC as “part of a settlement and termination agreement for a power generation development project that was planned to be at the Stanton Energy Center,” according to the agenda item.

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Click here to read the full story on the Orlando Business Journal’s website.

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