Foundry Commercial is prepping for construction on a new 41-acre industrial park on Orange Blossom Trail in the City of Edgewood after closing on the land and construction financing in late December.
Moses Salcido, managing director for Foundry’s Orlando office, said the firm is partnering with Invesco as a co-developer of the Edgewood Park of Commerce after purchasing the acreage from Randallmade Corp. for $14.1 million and closing a $55.25 million construction loan from Regions Bank.
“This will be on land that has been part of the Randall family for decades,” Salcido said. “They operate a custom knife fabrication facility and museum, and this is a remnant parcel. What we like about the site is that it’s super infill. We have approvals for a small bay industrial park, and we’re looking to attract smaller users.”
Foundry Commercial has purchased 41 acres in the City of Edgewood, southeast of Orlando, for its next infill industrial park. (Orange County Property Appraiser)
Salcido said he approached the owners in the fall of 2024 to negotiate a sale of the property after convincing them that the highest and best use of the land was for light industrial use, rather than residential, and that Foundry could build an industrial park that wouldn’t devalue the adjacent Holden Heights neighborhood.
“It’s surrounded by residential, so we had to show them that our type of industrial is not what they envision,” he told GrowthSpotter. The design team, led by Kimley-Horn and C4 Architecture, came up with a plan for six 80,000-square-foot buildings with varying depths to accommodate users seeking anywhere from 5,000 to 20,000 square feet. The buildings will utilize a shared truck court that shields the surrounding neighborhood from truck-related noise.
The Edgewood Park of Commerce will consist of six warehouses ranging in size from 80,800 square feet to 107,400 square feet. (Site plan by Kimley-Horn)
“All of the buildings will have dock-high loading, but they will all utlize shared truck courts, so the loading won’t be visible to neighboring properties,” Salcido added. “One of the unique things about our design is it also offers a glass roll-up door at the front of the building, so a customer can pick up an order without having to utilize the truck ramp. It’s essentially a grade and dock-loaded facility.”
The maximum building height also goes from 32 feet clear near the highway to 24 feet for the interior buildings. The overall scale of the project will be similar to Princeton Oaks, which Foundry completed in mid-2025.
Salcido said they worked closely with the City of Edgewood to negotiate a development agreement and conditional approval for the new zoning. The industrial park will be fully fenced with “massive buffers” and a private, gated access road to provide the Randalls access to Orange Blossom Trail. Foundry will also provide 24/7 private security to the park.
The last hurdle before they can start construction is to negotiate an agreement with FDOT for the access and turn lanes on OBT. Foundry has already engaged ARCO Murray as general contractor and will start construction this quarter with plans to deliver the park in one phase in the summer of 2027. Salcido said they anticipate a 12-18 month lease-up period.
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