Berger Commercial Realty Brings 70,500-SF Tenant To Orlando’s International Corporate Park
The lease marks the Wilmington, Delaware-based aviation parts and distribution company’s first location in Florida.
The lease marks the Wilmington, Delaware-based aviation parts and distribution company’s first location in Florida.
Construction will commence in November 2021 and the property is expected to deliver in the fourth quarter of 2022.
The Class A property near Disneyworld is the first multifamily acquisition for the company.
The sale was facilitated using the Ten-X auction platform and represented a joint-effort between Avison Young’s Orlando and South Florida offices.
The firm has already hired more than 50 new agents to serve the local market.
The transaction includes a $45.59 million senior loan and $14.75 million in preferred equity.
The three purchases, with a combined total of 568 lots, closed on Friday, Oct. 1.
The three recent acquisitions total just under $20 million dollars.
Lamar Companies in a venture with Real Capital Solutions acquired the 204,185-square-foot asset.
Avanti Way Capital, through the entity, Lake Mary Retail, LLC, purchased the 4.6-acre site from Miami-based real estate investment firm, Gallium Capital.
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