Demetree Global Acquires Prime Mixed-Use Property In Winter Park For $55 Million
The transaction, valued at $55.3 million, includes nine buildings encompassing 168,741 square feet of space.
The transaction, valued at $55.3 million, includes nine buildings encompassing 168,741 square feet of space.
The HALLMARK Awards event is scheduled for July 24th, 2024.
Travis Prince, Shawn Lubic, and Victoria Marks-Vagnier of Cushman & Wakefield’s Student Housing Capital Markets team represented the seller in the transaction. The firm also brokered the sale of the land, on which the community was developed, back in 2021.
Construction of the $500 million, 900,000-square-foot mixed-use project, to be called Westcourt, is set to break ground in late 2024.
A three-story building with ground-floor retail will front Plant Street, with the top two floors holding ten apartments.
In honor of the New Year, here are the most popular news headlines of 2023 on CRE-sources.
Douglas Partners intends to build the apartments and sell off the commercial uses to other developers.
The project will total 900,000 square feet.
Williams will oversee and grow the firm’s several business lines in the Orlando market, including insurance, investment sales, capital advisory, leasing, project management and property management.
Newmark Multifamily Capital Markets Vice Chairmen Scott Ramey and Patrick Dufour, Director Brad Downing and Associate Paul Grant represented the seller in the sale transaction.
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