Central Florida Industrial Asset Fetches $125 Million
The transaction marks the Orlando market’s second-largest industrial transaction since the beginning of 2024.
The transaction marks the Orlando market’s second-largest industrial transaction since the beginning of 2024.
Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi of C&W represented the seller in the sale transaction in collaboration with the Space Coast-based leasing team of Mike Moss and Michael Moss II at Lightle Beckner Robison, Inc., who has been retained by new ownership to continue leasing the property.
The three-building light industrial commerce park totals 148,882 square feet.
Rick Colon, Rick Brugge, and Mike Davis of Cushman & Wakefield represented the seller in the transaction.
Cushman & Wakefield’s Rick Colon, Rick Brugge, Mike Davis, and Mark Stratman represented the seller. The property was acquired by Realife Real Estate Group.
The 280,000-square-foot facility was fully leased at the time of sale.
The Cushman & Wakefield Capital Markets team of Rick Colon, Mike Davis, and Rick Brugge represented Orlando Sportsplex, LLC in the transaction in collaboration with Glen Jaffee, who has also leased the property since 2020 and was retained by new ownership to continue that role.
The properties were 100% leased at the time of sale to Florida-based Richland Capital Holdings.
PPF Real Estate acquired the 10-building suburban office park for $315 million.
Cushman & Wakefield’s Equity, Debt and Structured Finance team secured $102 million in acquisition financing through PIMCO on behalf of the buyers.
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