130K-SF, Multi-Building Industrial Asset In Palm Bay Sells
Axiom Capital Corp. has structured and arranged a $6.1-million permanent loan (10-year, fixed rate, non-recourse) for the acquisition.
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Axiom Capital Corp. has structured and arranged a $6.1-million permanent loan (10-year, fixed rate, non-recourse) for the acquisition.
EDEN plans to break ground in June 2022 and expects to complete the project in September 2023.
The center is 100% leased with notable tenants such as Petco, Ross, Marshalls, Five Below and Bed Bath and Beyond. In June, a Sprouts store and ULTA will move in.
The property is situated on 19.3 acres about a quarter mile from Interstate 4.
The Chatham Square acquisition brings the Partnership’s total investment into Florida over the past year to over $330,000,000 and 1,200 units.
Built in 2017, the community offers 114 independent living, 73 assisted living and 36 memory care units.
The property is situated in a prime location next to ICON Park and approximately 2 miles from Universal Studios, the Orange County Convention Center, Universal CityWalk Orlando, SeaWorld and numerous other world-class attractions.
The buyer is planning on developing a mixed-use project on the site. This project will consist of a ground floor retail space with multi-family units built directly above.
The 94,000-square-foot asset sold for $22 million.
LandQwest Managing Principal Julia Sosa alongside LandQwest’s Tyler Roberts, Tom Heer, and Eva Royal represented BJ’s in the lease deal.
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