José Lobón, Trey Barry, Frank Fallon and Royce Rose with CBRE Capital Markets, represented the seller with the assistance of CBRE’s David Murphy.
The two sites about 92 percent occupied.
CBRE’s Chris Riley represented TDC and a real estate fund advised by Crow Holdings Capital in the transaction.
The team consists of Vice President Chip Wooten and Senior Associate Jeff Gray, who will both transition from within the firm’s Capital Markets team.
CBRE’s David Murphy represented the business park in the deal and CBRE’s Greg Dyer and Monica Perez Wonus represented FedEx.
The team will be focused on offering tenant representation and third-party leasing services throughout the state of Florida as well as site (land) acquisition and disposition. When combined with Atlantic’s current West Palm Beach office, the firm will have 11 brokers representing more than 60 retailers and 90 retail sites/centers. CLICK ON THE HEADLINE FOR MORE
The deal marks the largest industrial portfolio sale in the Southeast in 2020. CLICK ON THE HEADLINE FOR MORE
CBRE’s David Murphy, Monica Wonus and Cameron Thomas arranged the sale on behalf of the buyer and seller. Upon closing, Mr. Murphy and team were retained by Ultimate Realty to market and lease the property. CLICK ON THE HEADLINE FOR MORE
The buyer is a trusted partner of some of the most recognizable names in the industry such as the United States armed forces and Lockheed Martin. CLICK ON THE HEADLINE FOR MORE
Orlando, like several other markets nationwide, was not able to escape the downturn as large swaths of space were given back quicker than they were absorbed. Two tenants vacated a combined 174,000 square feet. CLICK ON THE HEADLINE FOR MORE
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