Cushman & Wakefield Arranges Sale Of Light Industrial Commerce Park

Cushman & Wakefield arranged the $15,200,000 sale of Northpark Commerce Center, a three-building light industrial commerce park totaling 148,882 square feet in Orlando.

Rick Colon, Rick Brugge, Mike Davis, and Dominic Montazemi of Cushman & Wakefield represented the seller, HH NorthPark Commerce LLC, in the transaction. The property was acquired by Greg Zeifman of Z Asset Management Corporation.

“Northpark Commerce Center featured a diversified mix of suite sizes, loading options, and product type, including retail space with frontage along a highly trafficked hard corner. This offering was well received by the market and generated substantial investor interest,” said Colon, Senior Director at Cushman & Wakefield.

Northpark Commerce Center was built in 1985 and 90% leased at the time of sale by a diverse group of tenants in the healthcare, insurance, financial services, and entertainment industries. The property consists of three buildings located at 6325, 6333, and 6363-6377 N Orange Blossom Trail with features such as a mix of grade-level and dock-high loading; suite sizes ranging from 1,000 to 80,000 square feet; and a variety of space types that appeal to industrial, retail, and office users.

Located 3.5 miles from I-4 and directly off U.S. Route 441, Northpark Commerce Center is also strategically positioned within the Apopka/Silver Star submarket, surrounded by numerous densely populated commercial projects and residential neighborhoods.