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

DELTONA, Fla. - Nov. 14, 2022 - PRLog -- 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. Learn more at https://corporate.colliers.com/en, Twitter @Colliers or LinkedIn.