JLL Hires Executive Vice President In Central Florida
He joins JLL from Avison Young, bringing more than 14 years of experience in commercial real estate, specializing in office tenant representation.
He joins JLL from Avison Young, bringing more than 14 years of experience in commercial real estate, specializing in office tenant representation.
The Annual HALLMARK Awards event, presented by the Central Florida Real Estate Association (CFCREA) in association with the Central Florida Commercial Association of Realtors® (CFCAR). This year’s event included both unique insights into Orlando’s historic Packing District and a generous donation to 4Roots non-profit farming initiative, also located in Packing District.
Jay Ziv, Michael Fay, John Crotty, David Duckworth, Brian de la Fé and Greg Morrison of Avison Young marketed and brokered the sale on behalf of the seller.
John Gosnell of Strategic Real Estate Partners represented the sole tenant in the lease deal. Clay Witherspoon of Avison Young representing MDH Partners.
Average triple-net lease rents have reached $10.77 per square foot, representing a 62.9% increase since 2019.
The property is one of the largest vacant land sites positioned within one hour from each of the Orlando and Tampa Central Business Districts.
Located at the corner of NW 35th Street and NW 27th Avenue, Ocala Logistics Center features 196 parking spaces, 96 trailer drops, ESFR sprinkler systems and 36-foot clear heights.
Ron Rogg of CBRE represented TerraCap in the sale transaction.
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.
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