DELAND, Fla. – A 37-year-old man faces charges after stabbing another man over an alleged stolen bicycle, according to the DeLand Police Department.

According to a news release, DeLand police and the Volusia County Sheriff’s Office responded to the stabbing report at 724 S. Palmetto Avenue around 8 a.m. on Monday.

Responding officers found a 29-year-old man suffering from two stab wounds to the back. The victim was airlifted to Halifax Health as a trauma alert.

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Police said the suspect fled on foot before police arrived and was not immediately located. As a precaution, a shelter-in-place order was issued for the surrounding neighborhood, and Starke Elementary School was placed on lockdown.

Detectives later determined the victim and suspect knew each other and are both transients local to the area. The altercation stemmed from an incident the previous night, when the victim allegedly stole the suspect’s bicycle, according to the release.

Police said that the suspect – later identified as Cornell Maxwell of DeLand – searched for the victim throughout the night and confronted him the next morning at the Palmetto Avenue address, where a physical altercation occurred and witnesses said Maxwell stabbed the victim during the fight.

Maxwell was located and arrested in DeLand without further incident, according to the release.

No additional information is available at this time, including any potential charges or the condition of t he victim.