Denholtz Acquires Seven-Building Office Center In Winter Park
The multi-tenant complex is 98% leased to 28 tenants across multiple suites. The properties are situated on a 12.28-acre site, which features 521 surface parking spaces.
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The multi-tenant complex is 98% leased to 28 tenants across multiple suites. The properties are situated on a 12.28-acre site, which features 521 surface parking spaces.
Mike Donaldson and Nick Meoli of Cushman & Wakefield represented both the seller and buyer in the transaction.
Ray Turchi and David Vaughan in Marcus & Millichap’s Orlando office had the exclusive listing to market the property on behalf of the seller, a private New York investor.
José Lobón, Trey Barry, Frank Fallon and Royce Rose with CBRE Capital Markets, represented the seller with the assistance of CBRE’s David Murphy.
Axiom Capital Corp. has structured and arranged a $6.1-million permanent loan (10-year, fixed rate, non-recourse) for the acquisition.
EDEN plans to break ground in June 2022 and expects to complete the project in September 2023.
The center is 100% leased with notable tenants such as Petco, Ross, Marshalls, Five Below and Bed Bath and Beyond. In June, a Sprouts store and ULTA will move in.
The property is situated on 19.3 acres about a quarter mile from Interstate 4.
The Chatham Square acquisition brings the Partnership’s total investment into Florida over the past year to over $330,000,000 and 1,200 units.
Built in 2017, the community offers 114 independent living, 73 assisted living and 36 memory care units.
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