MIC Memo - Lakeland Red Rock Shell - 6.7

3775 Fancy Farms Road

The property is a newly-constructed approximately 510,000 square foot Class A warehouse/distribution facility located in Lakeland, a core submarket on I-4 between Tampa and Orlando. The building features 36' clear height, 106 insulated (8'x10') dock doors with Z guards, and four drive in doors (12'X14'). The property is being marketed for lease.

Building Type

Warehouse/Distribution Facility

Property Type

Available for Lease

Date Acquired


Year Built


Total SF and/or Acreage


Space Available





Central Florida

Clear Height


Energy Certification


Derrick Johnson

Independent Trustee

Mr. Johnson has served as an independent trustee since July 2022. Mr. Johnson has extensive experience across strategy, marketing, business development, finance and operations, specifically logistical operations, within organizations ranging from startups to Fortune 50 companies.


  • Currently, Senior Vice President and Chief Operating Officer at Agiliti, a medical equipment management and services company
  • Former President of Southeast at United Parcel Service (UPS), holding a variety of strategic and operational roles for over 20 years
  • Member of the Georgia Commission on Freight and Logistics
  • Previously, Mr. Johnson was an Associate of Fixed Income Sales at Citigroup and an Associate at Oliver Wyman (formerly Mercer Management Consulting)

Mr. Johnson brings operational and logistics expertise, with specific knowledge of the logistics user experience and provides our Board of Trustees with related insight.

Committee Memberships

  •  Audit and Cyber Risk 
  • Nominating and ESG