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The Space Coast has emerged as a powerhouse for economic growth, driven by major employers within the aerospace, advanced engineering and defense sectors including NASA, SpaceX, Blue Origin, U.S. Space Force, L3Harris and Raytheon.
A longtime commercial property along West Princeton Street could give way to a new mix of apartments, townhomes and storefronts as development continues across Orlando’s 202-acre Packing District.
The newly developed retail property highlights continued investor interest in net-leased assets with national tenants.
JLL Capital Markets represented the seller in the transaction. The brokerage team included Cody Brais, John Huguenard, Luis Castillo, Taylor Osborne, David Orta Jr. and Mia Gian.
The Place at Alafaya will deliver 484 units across three four-story residential buildings and a standalone three-story clubhouse spanning more than 16,000 square feet.
The nearly fully occupied industrial complex spans more than 256,000 square feet near Florida’s Turnpike, U.S. 441 and Orlando International Airport.
Managing Director Matt Robbins and Senior Managing Director Mitch Sinberg, along with Managing Directors Brad Williamson and Scott Wadler and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton, secured the financing on behalf of Boston-based Taurus Investment Holdings.
The 57,000-square-foot building is situated on 3.4 acres adjacent to Interstate 4.
The the campus has experienced a notable wave of leasing activity totaling 88,169 square feet, including more than 55,044 square feet signed in 2026. Among the most recent commitments is Venture X, the upscale coworking and flexible workspace provider, which will occupy approximately 26,592 square feet.
CP Group has leased more than 126,000 square feet at Northpoint Center since recapitalizing and upgrading the 334,000-square-foot Lake Mary office campus, lifting occupancy from 76 percent to 93 percent.
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