The 45,000-square-foot facility recently broke ground within East Park Village, a 23-acre mixed-use development in Orlando’s Lake Nona neighborhood that will include a multifamily, retail, and hospitality component.
The City of Apopka is looking at 2.6 million more square feet of warehouse space in areas around the municipal airport.
Ferguson Plumbing Supply has been the tenant in both of these buildings since 2006. The purchase price of these buildings, around $50 per square foot, was less than the land value alone.
Discussion topics will include the Live Local Act, Real Property Fraud and Foreign Interests In Real Property, presented by Attorney Kathleen Hugo, Attorney Anna Long and Senior Commercial Underwriting Counsel Alan McCall.
Managing Director Scott Wadler, Senior Director Matt Nihan and Associate Director Alec Fox of Berkadia South Florida secured the financing on behalf of the buyer.
The Orlando office market saw improved office activity in the second quarter after a somewhat slow start to the year.
Average triple-net lease rents have reached $10.77 per square foot, representing a 62.9% increase since 2019.
Completed in 2019 and 2020, the property comprises 14 buildings on an 11-acre lot, part of the 325-acre Sunset Walk master-planned mixed-use entertainment community.
A nine-parcel area of SouthPark Center with five fully leased office buildings totaling 670,000 square feet is the subject of the planned new development.
Located at 2140 North John Young Parkway, the industrial site spans 3.53 acres with convenient access to the area’s major highways: I-4 and 408 Expressway. The tilt wall structure is scheduled to be delivered in the first half of 2024.