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.
Banyan Street Capital, a Miami-based private equity firm focused on acquiring and operating office properties, purchased the property in a joint venture with a fund managed by DRA Advisors.
Mike Davis, Rick Brugge, Stewart Calhoun, Rick Colon, Casey Masters, Dominic Montazemi and Zachary Eicholtz of Cushman & Wakefield represented the seller, Atlanta-based Ackerman & Co., in the transaction.
Skye Cook, Brad Torell, Jared Bonshire, David Perez, Taylor Zambito, Rick Colon, Mike Davis and Rick Brugge of Cushman & Wakefield represented GES in the transaction.
Mike Davis, Rick Colon, Rick Brugge, Dominic Montazemi, Zachary Eicholtz and Ryan Jenkins of Cushman & Wakefield represented the Kanas City, Mo.-based seller in the transaction.
The Cushman & Wakefield Investment Sales team of Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Zachary Eicholtz and Ryan Jenkins, in conjunction with the Industrial Leasing team of David Perez and Jared Bonshire, represented the seller, a partnership between IP Capital Partners and Blue Vista Capital Management, in the transaction. CLICK ON THE HEADLINE FOR MORE
The 319,386-square-foot park was acquired by Richland Capital Holdings. CLICK ON THE HEADLINE FOR MORE
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