Developers near completion of 984,960-square-foot industrial project

USAA Real Estate and Seefried Industrial Properties are quickly moving to completion of a 984,960-square-foot distribution building at I-4 Logistics Park, one of the largest speculative industrial developments with available space in the Central Florida market. The Class A industrial park is located just off Interstate 4 at SR 472, exit 114 in Deltona, Florida.

The property is expected to be completed in February 2023.

I-4 Logistics Park will be one of only a few industrial distribution centers that will provide excellent access to freight traffic from both I-75/Florida Turnpike via the soon-to-be-completed northern section of SR 429, and from I-95, which is 19 miles east of the park.

Colliers’ Lee Morris from Orlando will handle leasing on the project. The space features a 40-foot clear height, 190 loading docks, 234 trailer spots, 513 parking spots, excellent circulation with truck queuing lanes and a flexible site plan that can serve large corporate users.

“Large industrial users looking to serve Florida will find easy, non-congested access to I-4 and one of the strongest labor markets in the state,” said Lee Morris, SIOR, Executive Managing Director, Colliers. “Also, we are seeing strong interest from groups that receive freight from the West Coast and Midwest via I-10 and I-75, and from the Northeast and ports in Jacksonville, Savanah and Charleston via I-95.”

The property is equidistant from Jacksonville, Tampa and Fort Pierce, and offers access to over 20 million customers – or 93% of Florida’s population – within a six-hour drive.

“Additionally, we are seeing very strong interest in the 500,000-square-foot cross-dock and 250,000-square-foot rear-load building in phase two, which will serve the Central Florida area,” Morris said. “The strong availability of labor and our ability to customize the designs of these buildings makes it an ideal location for distribution users.”

According to Morris, this area of the Central Florida industrial market is seeing tremendous growth recently because of the strong demand and completion of the northern loop of the SR 429/417 beltway. This new route allows freight traffic to avoid the congestion along I-4 in downtown Orlando.

USAA Real Estate and Seefried Industrial Properties are also slated to soon complete a 664,176-square-foot building at Kings Logistics Center in Ft. Pierce, with an expected completion date of January 2023.

About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With
operations in 63 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and
investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has
delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.5 billion and $81 billion of
assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients,
our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

About USAA Real Estate
Along with its affiliate companies, USAA Real Estate invests across the risk spectrum for a global client base, managing over $35
billion in net assets under management within a diversified portfolio across North America and Europe. USAA Real Estate
provides strategic equity and debt capital, including to capitalize on the accelerating demand for technology-driven real estate
assets, to meet the critical need for housing solutions, and for other market and capital structure opportunities exhibiting
compelling risk-return characteristics. For more information, visit usrealco.com.

About Seefried
Seefried Industrial Properties is a nationally recognized leader in industrial real estate, with 37 years of development, leasing
and management experience. Over the years, the company has been trusted for its transparency, distinctive competencies,
financial strength, leadership and vision and today remains committed to providing efficient and economical solutions that
generate competitive advantages for our clients and investors. Since inception, the firm has built over $13 billion in
development volume in 50+ markets across the U.S. Seefried is based in Atlanta, with regional offices in Los Angeles, Dallas,
Chicago and Phoenix. For more information visit www.seefriedproperties.com.