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 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.
The 75,000-square-foot property Includes 50,000 square feet of office space, warehouse and dock-high loading.
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.
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