IPA Arranges $55M Sale Of Altamonte Springs MF Property
Shelton Granade, Luke Wickham and Justin Basquill of IPA represented the seller, Lighthouse Group, in the transaction.
Shelton Granade, Luke Wickham and Justin Basquill of IPA represented the seller, Lighthouse Group, in the transaction.
The financing was secured shortly after Staples renewed its 24,000-square-foot lease at the 163,754-square-foot retail center in one of Orlando’s most affluent suburbs.
The project, dubbed Crossprairie, is slated to become the front door to over 30,000 new homes in the East of Lake Toho Conceptual Master plan area.
The property was acquired as part of a Joint Venture with Cerberus Capital Management.
Jay Ballard and Ken DelVillar of JLL represented the seller, JMG Realty Inc., in the transaction. The buyer was an affiliate of The ConAm Group.
Brendon Dedekind has been hired as Senior Vice President for the new office, which will operate out of Orlando and develop in key markets throughout Central Florida.
Mike Davis, Rick Brugge, Stewart Calhoun, Rick Colon, Casey Masters, Dominic Montazemi and Zachary Eicholtz of Cushman & Wakefield represented the seller, Atlanta-based Ackerman & Co., in the transaction.
Senior Associate Stephanie D’Amico handled the leasing for SRG, a division of the full-service real estate development firm, Stiles. The The 38,073-square-foot fitness center is anticipated to open this summer.
Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, DLC Management Corp., in the transaction.
Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the sellers in the transaction.
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