Brad Peterson and Whitaker Leonhardt of JLL represented the seller in the transaction and procured the buyer.
Ken Delvillar led the JLL team that represented the seller, ApexOne Investment Partners, in the transaction. Melissa Marcolini Quinn and Lee Weaver led the JLL Capital Markets team arranging debt and equity financing totaling $65 million for the buyer.
Kevin Sanz of Orion Real Estate Group led the acquisition of the buyer, Limestone Millenia Plaza LLC. Brad Peterson and Whitaker Leonhardt of JLL represented the seller.
The multi-tenant complex is 98% leased to 28 tenants across multiple suites. The properties are situated on a 12.28-acre site, which features 521 surface parking spaces.
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.
Lamar Companies in a venture with Real Capital Solutions acquired the 204,185-square-foot asset.
The Magic will initially take over a full floor at the CNL Center II, with the option to expand into a total of 36,727 square feet of office space on two floors within the building.
Jay Ballard and Ken DelVillar of JLL represented the seller, JMG Realty Inc., in the transaction. The buyer was an affiliate of The ConAm Group.
Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, DLC Management Corp., in the transaction.
The seller, BlueScope Properties Group, delivered the asset in July on a build-to-suit basis for an undisclosed beverage company.
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