TerraMap Properties Finalizes Acquisition Of Casselberry Industrial Property After Two-Year Negotiation
The transaction was brokered by Felipe Escobar of APEX Capital Realty, who represented TerraMap Properties throughout the process.
The transaction was brokered by Felipe Escobar of APEX Capital Realty, who represented TerraMap Properties throughout the process.
The firm purchased the 209,000-square-foot property for $33.25 million.
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.
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.
In this role, he will lead industrial tenant representation efforts while continuing to draw on his strong background in office, medical, and investment services to support a broad range of client needs.
“We’re proud to support the growth of businesses across Central Florida, from expanding flight schools to thriving distributors and marketing firms,” said Kelley.
The deal was completed and fully executed within just 60 days of Realvest’s engagement.
The park, developed by McCraney Property Company and Tavistock Development Company, currently spans 1.3 million square feet across nine Class A buildings.
This second facility will include 51,977 square feet of warehouse space, 2,018 square feet of office space, 32-foot clear heights and 62 parking stalls.
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