CBRE Facilitates Sale Of 629,326 SF Retail Center In Winter Garden
The sale marks one of the largest retail real estate sales in the Orlando Metropolitan Area in the last five years.
The sale marks one of the largest retail real estate sales in the Orlando Metropolitan Area in the last five years.
JLL Managing Director Micah Strader and Senior Associate Madison Kimbell represented the building’s ownership in the lease negotiations. The tenant was represented by Andrei Savitski of CBRE.
David Murphy and Monica Wonus with CBRE represented the owner in the transaction. Danielle Beyer and David Perez with Cushman & Wakefield represented the tenant.
Throughout his extensive career, he has facilitated numerous transactions with a wide range of multifamily stakeholders, including national and regional developers, institutional investors, REITs, insurance companies, high-net-worth individuals, and opportunity funds.
The title is the highest for producers at the company.
He joins the firm’s Orlando office as a First Vice President, specializing in Office Agency Leasing in Orlando.
The initial phase of construction is expected to commence in the fourth quarter of 2024 with completion and occupancy anticipated in 2025.
Future phases in Ocala South Logistics Park will bring 1.4 million total square feet of Class A, dock-high industrial space to a 93-acre parcel in the Florida Crossroads Commerce Park.
The deal was part of a four-commercial-property acquisition in Florida and Texas, as well as the refinance of two of its current commercial properties in Florida. The complex transaction, which totaled $220 million, closed on November 30.
Local construction company NEFCO signed a lease for 83,082 square feet of space while Evolution Electric Vehicles will occupy Building 200, plus 71,210 square feet of space in Building 100.
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