In this role, he will lead industrial tenant representation efforts while continuing to draw on his strong background in office, medical, and investment services to support a broad range of client needs.
JLL represented the borrower, Northshore Development, in facilitating the floating-rate loan through ACORE Capital LP.
“We’re proud to support the growth of businesses across Central Florida, from expanding flight schools to thriving distributors and marketing firms,” said Kelley.
The property had been owned by its prior entity for more than 30 years and this transaction represents the first of numerous properties being sold under similar circumstances.
The deal was completed and fully executed within just 60 days of Realvest’s engagement.
The park, developed by McCraney Property Company and Tavistock Development Company, currently spans 1.3 million square feet across nine Class A buildings.
The sites are situated across Orange and Seminole counties.
This second facility will include 51,977 square feet of warehouse space, 2,018 square feet of office space, 32-foot clear heights and 62 parking stalls.
Current and prospective members will now have access to over 60 Crunch Fitness locations across the state of Florida.
The property sold for $254 per square foot.
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