Cushman & Wakefield arranged the sale of a 75,000-square-foot Class A flex building located in Lake Mary at 1080 Greenwood Boulevard. The final sale price was $11 million.
Rick Colon, Rick Brugge, Robert Kellogg, Peter Van Duyne, Todd Davis, and Colin Morrison of Cushman & Wakefield represented the seller with support from Zachary Eicholtz. Gloria Chu of Shining Oak Realty represented the buyer, Microvast Inc., a company that designs, develops and manufactures Li-ion batteries and materials.
“We were pleased to help Microvast enter the Orlando market,” Kellogg said. “The transaction was a success for both parties involved.”
Located in the Lake Mary office submarket, the property includes 50,000 square feet of office space and 25,000 square feet of warehouse space with 30’ clear heights with six dock-high loading doors and one drive-up ramp.
“Lake Mary remains a highly desirable location for corporate users and this truly unique to the market building will enable Microvast to perform a variety of critical functions in a Class A corporate setting,” added Colon.
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