Cushman & Wakefield Arranges Sale Of Orlando Hotel That Will Become Affordable Housing
Cushman & Wakefield’s Glen Jaffee represented the seller and procured the buyer for the off-market transaction.
Cushman & Wakefield’s Glen Jaffee represented the seller and procured the buyer for the off-market transaction.
The site that will be developed into three Class A buildings totaling 777,200 square feet.
Mike Donaldson and Nick Meoli of Cushman & Wakefield represented both the seller and buyer in the transaction.
Totaling 1.33 million square feet, the projects in Groveland and Ocala are both being developed on a speculative basis and will deliver in early 2023.
The properties were 100% leased at the time of sale to Florida-based Richland Capital Holdings.
Both properties were acquired by Eagle Property Capital Investments, LLC.
Cushman & Wakefield’s Mike Donaldson and Nick Meoli represented the seller in the transaction.
PPF Real Estate acquired the 10-building suburban office park for $315 million.
The 75,000-square-foot property Includes 50,000 square feet of office space, warehouse and dock-high loading.
Construction will commence in November 2021 and the property is expected to deliver in the fourth quarter of 2022.
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