Infinity Properties Acquires Small-Bay Portfolio In Orlando For $43 Million
The acquired portfolio comprises three distinct business parks situated in Altamonte Springs.
The acquired portfolio comprises three distinct business parks situated in Altamonte Springs.
Douglas Partners intends to build the apartments and sell off the commercial uses to other developers.
EML Realty Partners bought and sold over 15 properties in 2023 with a combined value of $60 million.
Robert S. Hunter and Leo Reilly, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the Seller.
The 211,006-square-foot retail center was 92.4 percent leased at the time of sale.
Patrick Nutt, William Wamble and Robert Dillard of SRS represented the seller in the transaction.
Future phases in Ocala South Logistics Park will bring 1.4 million total square feet of Class A, dock-high industrial space to a 93-acre parcel in the Florida Crossroads Commerce Park.
CrossMarc Services will handle leasing and management functions for the retail center.
The deal was part of a four-commercial-property acquisition in Florida and Texas, as well as the refinance of two of its current commercial properties in Florida. The complex transaction, which totaled $220 million, closed on November 30.
The project will total 900,000 square feet.
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