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Colliers Sells 100,000 SF Industrial Property in NE Gainesville

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Gainesville, Fla. – 10/20/21 – Colliers International’s GNV Commercial Advisory Team has successfully represented Gain Develop Industrial, LLC (the Seller), in the disposition of a 100,000 SF industrial facility located at 5901 NE Waldo Road in Gainesville to a subsidiary of Laurel Ridge Holdings LLC (the Buyer). Laurel Ridge was represented by Ozzie Mutz out of Tampa, Florida. The transaction closed on October 7, 2021.

This free-standing, 100,000 SF building was built in 1974 and recently renovated in 2018. This industrial structure is located in northeast Gainesville, just north of the Gainesville Regional Airport (GNV) on Waldo Road and sits on 15.06± acres. It is currently home to four Tenants: Iron Mountain, Tailgate Guys, Shands Teaching Hospital, and UF Press of Florida. Shands’ current lease expires later this year, opening 22,500 SF for lease to a long-term tenant with an additional three acres of developable land available for use.

“The industrial market, both nationally and locally, has been a real success story despite the pandemic. We have seen decreasing vacancies and an uptick in both sale and lease rates. This transaction was a win-win for both parties and our team is thrilled to continue to handle the leasing at the subject property. It was a great experience to work with Ken & Denise at Saundry & Associates as well as Ozzie at Laurel Ridge throughout this transaction process. We wish everyone much success in their future endeavors.” — Dan Drotos, Senior Director, Colliers

“We are excited to continue the growth of our industrial footprint throughout Florida, while also helping facilitate multiple investors’ 1031 exchanges in this transaction. This property fills a much-needed niche in Gainesville, as there are a limited number of buildings in the market with the clear height, parking capacity, and potential for future development and outdoor storage that are found here. The Colliers team did a great job facilitating the transaction and we couldn’t be more appreciative of them in addition to Denise and Ken with Saundry & Associates.” — Ozzie Mutz, Managing Partner, Laurel Ridge

Colliers GNV Commercial Advisory Team can be reached at 352-420-9889 and on social medial @ColliersGville.

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For further information please contact:

Debbie Wilkinson

Phone: 352-420-9889

Email:  debbie.wilkinson@colliers.com


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As the Senior Vice President of the Gainesville office for Colliers, Dan leads the firm's presence in Alachua County and the surrounding sub-markets by providing commercial real estate solutions for his clients. His team specializes in commercial and land transactions (sales & leasing) including office, retail, industrial, and multi-family. With well over 100 years of combined local knowledge and service, they strive to continuously raise the bar for their clientele. 

Prior to joining Colliers International, Dan served as Vice President of the Commercial and Land Division at an independent firm in Gainesville where he was a partner in The Drotos Ryals Group. His team has successfully transacted over $1 billion in local (Alachua County) commercial real estate. Dan holds both a Master of Science in Real Estate (MSRE) and Master of Building Construction (MBC) from the University of Florida along with multiple professional designations, including Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtors (SIOR). He also also serves in several industry, civic, and non-profit organizations such as: The Urban Land Institute, Ronald McDonald House of North Central Florida, First Federal Bank of  Florida, United Way, and Leadership Gainesville.

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Rory Causseaux

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