New York Investment Firm Enters Orlando Market With Oviedo Industrial Buy
The firm purchased the 209,000-square-foot property for $33.25 million.
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The firm purchased the 209,000-square-foot property for $33.25 million.
The property boasts a 92.3% occupancy rate.
The acquisitions total 150 acres.
Senior Vice President Louie Granteed represented the landlord in the transaction and exclusively handles all retail and restaurant leasing at the property.
The asset sold for $11.5 million.
Mary Frances West, CCIM and Stian Funk represented the landlords in the transactions.
She will partner with Rick Solik and Matthew McKeever on the office services team and focus on tenant representation.
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.
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