CBRE Negotiates $125M Sale Of Helix At Lake Mary Apartments
Chip Wooten and Jeff Gray of CBRE represented the sellers, Jim Heistand of Parkway Properties and Mark Walsh and Brett Bossung of Silverpeak, in the transaction.
Chip Wooten and Jeff Gray of CBRE represented the sellers, Jim Heistand of Parkway Properties and Mark Walsh and Brett Bossung of Silverpeak, in the transaction.
The transaction marks Castle Lanterra’s second office acquisition in Florida this month.
Basis will be expanding the park with an additional 7,500 square feet of warehouse space, which will bring the total square footage to 193,000 square feet. The park currently has over 125 tenants and over 150 bays.
In alignment with Avanath’s mission to acquire, own, renovate, and operate affordable and value-oriented communities, 131 of 266 units are designated affordable, with the property’s rent restrictions continuing until 2050.
It will be the first residential phase of a larger 200-acre mixed-use development.
The Orlando office market is finally seeing positive absorption across all major submarkets. An impressive second quarter recorded 122,423 square feet of positive absorption, bringing the total for the first half of the year to 156,778 square feet.
Ron Rogg of CBRE represented TerraCap in the sale transaction.
The portfolio is comprised of 20 buildings
Christian Charre, Paul Weimer, Jennifer Jin and Andrew Pastorino of CBRE represented the seller, a joint venture between Opterra Capital, Willow Street Capital, Duke Hospitality and LCP Group, in the transaction.
The property sold for $6,750,000 million.
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