Baldwin Park Boutique Office Properties Trade
JLL represented the seller, Galium Capital, and procured the buyer, Duvalla Investments.
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JLL represented the seller, Galium Capital, and procured the buyer, Duvalla Investments.
The project, backed by a $45 million investment, will feature 392 modern apartments as well as approximately 53,000 to 55,000 square feet of commercial space, including retail shops, diverse dining options, and offices.
John Huguenard, Luis Castillo, Cody Brais, Taylor Osborne and David Orta Jr. of JLL represented the seller, Scannell Properties, in the transaction. Goldman Sachs Alternatives was the buyer.
Dr. Phillips Charities President and CEO Ken Robinson revealed that one entire floor—about 10,000 square feet—will be set aside for nonprofit organizations, offered at below-market rents to foster innovation and impact.
The Colliers Retail Team’s work on this project was awarded the Central Florida Commercial Association of Realtors’ Deal of the Year in 2024.
Peter Klein orchestrated the complex multi-market acquisition campaign.
“We’re seeing remarkable liquidity in the bridge lending market right now, with lenders aggressively competing to finance new-construction residential communities.”
Tarek Chbeir represented the seller, a private investor, in the transaction. He collaborated with Adam Sklaver and Philip Kates of Marcus & Millichap’s Commercial Property Auction Services to market the asset.
Once fully developed, Lakeland Central Park will offer up to five million square feet of industrial space, positioning it as a major logistics and distribution hub in Central Florida.
David Murphy and Monica Wonus with CBRE represented the owner in the transaction. Danielle Beyer and David Perez with Cushman & Wakefield represented the tenant.
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