Constellation, Northwestern Mutual To Develop 1MSF Industrial Project In Central Florida
Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Sara Bravo and Jasmine Yarbrough of Cushman & Wakefield have been tapped to lease the project.
Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Sara Bravo and Jasmine Yarbrough of Cushman & Wakefield have been tapped to lease the project.
The property comprises eight buildings situated on 20 acres and features 18- to 20-foot clear heights and rear-load capabilities.
Travis Prince, Shawn Lubic, and Victoria Marks-Vagnier of Cushman & Wakefield’s Student Housing Capital Markets team represented the seller in the transaction. The firm also brokered the sale of the land, on which the community was developed, back in 2021.
Former principal and founder of Bishop Beale Duncan, William D. Bishop, also known as Billy, has joined forces with industry veteran, Kyle Wood to establish the new commercial real estate company.
Anne Spencer and Angela Flint of Cushman & Wakefield’s Florida Healthcare Advisory Practice represented the seller, a private investor group, in the transaction.
Derek Riggelman of Lee & Associates represented the undisclosed seller in the $9.8 million transaction.
Construction of the $500 million, 900,000-square-foot mixed-use project, to be called Westcourt, is set to break ground in late 2024.
“SRS continues to grow our team in Florida as well as around the country to help meet the demand we’re seeing from retailers who are looking to expand,” said John Artope, SRS Executive Vice President and Florida Market Leader.
Gabriel Britti, Issenberg, and Ricardo Esteves of Marcus & Millichap’s Issenberg Britti Group had the exclusive listing to market the property on behalf of the seller, and procured the buyer, a local LLC.
The initial phase of construction is expected to commence in the fourth quarter of 2024 with completion and occupancy anticipated in 2025.
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