The buildings, built between 1968 and 1978, were sold after an intense bidding war at a notably strong cap rate, especially for older industrial assets, indicating that investor appetite is increasing in Florida’s secondary and tertiary markets.
The transaction was arranged on the Ten-X auction platform.
The sale was facilitated using the Ten-X auction platform and represented a joint-effort between Avison Young’s Orlando and South Florida offices.
Avison Young Senior Vice President Rosendo Caveiro exclusively represented the European-based seller during the sale.
Crossman & Company represents nearly 400 shopping centers in the Southeast with over 28 million square feet under leasing and/or management. CLICK ON THE HEADLINE FOR MORE
He Is the youngest in Florida to earn the title of Principal of Avison Young. CLICK ON THE HEADLINE FOR MORE
Beau Broker, Senior Vice President with Avison Young, handled leasing services at the SunTrust building on behalf of the seller, Simpson Group. He facilitated the sale transaction on behalf of the buyer and will continue leasing the building on behalf of new ownership and long-time client, United Realty. CLICK ON THE HEADLINE FOR MORE
McCraney has more than 4 million square feet of construction taking place in the Central Florida region. CLICK ON THE HEADLINE FOR MORE
Exclusive listing agent Avison Young is targeting developers of high-density, mixed-use rental residential, timeshare/fractional ownership residential, hotel units, event space, retail, and restaurant amenities. CLICK ON THE HEADLINE FOR MORE
Avison Young exclusively represented the owner in the sale of the property to South Florida-based Geneva Group. CLICK ON THE HEADLINE FOR MORE
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