Jay Dixon and Colin Morrison with CBRE represented the landlord, PPF Real Estate, a comprehensive real estate company and part of the PPF Group, in the transaction, while CBRE’s Andrei Savitski represented Mitsubishi.
The property sits on approximately 23.6 acres at 5770 W Irlo Bronson Memorial Highway.
CP Group has leased more than 126,000 square feet at Northpoint Center since recapitalizing and upgrading the 334,000-square-foot Lake Mary office campus, lifting occupancy from 76 percent to 93 percent.
CBRE has been tapped to oversee leasing and property management at the retail property.
The portfolio totals 29,582 square feet.
The project is planned as a three-phase industrial park totaling approximately 1.4 million square feet across 163 acres.
The site, located in Christopher C. Ford Commerce Park, is zoned for industrial development and ideally suited for small-bay development.
A consulting firm signed a 31,814‑square‑foot industrial flex lease.
Jaffee is a leading retail specialist with extensive experience in commercial real estate leasing and sales, including strategic site selection, market expansion, disposition planning, and transaction management.
The seller was represented by Jaime Garcia, Founding Partner and Managing Principal of BCA Industrial Partners LLC, while CBRE facilitated the transaction.
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