One of the nation’s largest developers of industrial real estate plans to build two new warehouses northwest of Orlando International Airport, just west of Lake Conway in the unincorporated Pine Castle area.
Dallas-based Dalfen Industrial owns and operates millions of square feet of industrial properties throughout the U.S. and Canada and has been active in the Orlando market.
The Pine Castle plans call for an industrial warehouse site with two buildings containing a total of 205,371 square feet of space for tenants, located on 21.69 acres of vacant land on Glenrose Road.
Construction plans show a 113,368-square-foot warehouse and a 92,003-square-foot warehouse, as well as two stormwater ponds. The warehouses are to have a total of 60 truck docking spaces as well as two parking lots with a total of 297 parking spaces.
Thomas & Hutton
Dalfen Industrial is planning a new industrial park with 205,371 square feet just south of Pinecastle Boulevard. (Site plan by Thomas & Hutton)
The property is surrounded by other industrial uses. The site is bordered by industrial development to the north, undeveloped land and the Brightline/CSX railroad to the east, undeveloped land to the south, and a small lake to the west.
Dalfen Industrial did not answer questions from GrowthSpotter about the property.
Dalfen applied to Orange County on Feb. 18 for a building permit, and its application is currently under review.
It also applied on Feb. 19 for an environmental permit from the St. Johns River Water Management District. The applicant is listed as Pinecastle Logistics, a corporate entity associated with Dalfen Industrial. The company’s consultants, all of which are based in Orlando or have offices in Orlando, are listed as Thomas & Hutton Engineering Co., Florida Engineering Group, Bio-Tech Consulting, and Professional Service Industries.
A year ago, Dalfen sold three recently completed industrial properties with a combined 415,900 square feet to Starwood Capital for a total of $57.5 million. The deal involved a pair of properties on Hoffner Avenue north of the Orlando International Airport, as well as a distribution building located near MetroWest.
One of the properties is the 133,333-square-foot Hoffner Fulfillment Center, which Dalfen developed and opened in 2019. The facility, located on 10.4 acres at 6210 Hoffner Ave., consists of an 88,414-square-foot rear-loaded building and a 44,919-square-foot front-loaded building. The buildings have 32-foot clear heights and a combined 47 dock-high doors and 4 drive-in doors.
Starwood also purchased the Conway Logistics Center, which is located about a mile down the road at 4840 Hoffner Ave. Dalfen built the center in 2022 after paying nearly $1.9 million for the 9.0-acre site in 2020. The Conway Logistics Center includes a single front-loaded building with 204,900 square feet of space, 32-foot clear heights, 34 dock-high doors, and a pair of drive-in doors with ramps.
The developer opened the Midpoint Florida Logistics Center just off I-4 on C. Fred Jones Boulevard in Auburndale in 2023. The center consists of a pair of cross-dock buildings with a total of 896,799 square feet.
Dalfen has branch offices in Atlanta, Chicago, Cincinnati, Denver, Montreal, Orlando, Philadelphia and the San Francisco Bay area. The company made headlines in February when it sold a New Jersey warehouse to ICE to use as a detention facility. Dalfen was a minority owner of the warehouse.
“Dalfen Industrial and its majority partner sold the property to the federal government in lieu of the potential of eminent domain,” Dalfen told Dallas media. “The company has no involvement in the future use of the facility.”
Orlando’s industrial real estate market is currently quite robust. The Orlando metro area’s overall industrial vacancy rate fell to 7.2% at the close of 2025, representing a 110-basis-point year-over-year decline and the lowest level recorded since the first quarter of 2024, according to a Cushman & Wakefield report.
Last year, about 2.7 million square feet across 14 industrial projects were under construction in the Orlando metro area, with 15% of that square footage pre-leased, according to CBRE reporting for the second quarter of 2025. Average rental rates were seeing gradual increases – up a modest 1.0% year-over-year to $8.95 per square foot.
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