Cushman & Wakefield Negotiates $8.5M Sale of Net-Leased Walgreens in Orlando

Team of Patrick Berman, Jason Donald and Todd Tolbert Represented South Shore Corporate Park, LLC in the Disposition ORLANDO, FL, September 17, 2019 – Cushman & Wakefield has arranged the sale of a 14,550-square-foot, freestanding retail asset in Orlando for $8.5 million. The newly completed property is triple-net leased to Walgreens, Co., the largest drugstore in the United States, with 14+ years remaining on the lease term. The Cushman & Wakefield Retail Investment Sales Team of Managing Director Patrick Berman, Managing Director Jason Donald and Senior Associate Todd Tolbert represented South Shore Corporate Park, LLC in the disposition. The buyer is a private, Illinois-based investor. The property, known as Walgreens Goldenrod Orlando, was completed in 2018 as a build-to-suit project. It enjoys ample parking, excellent frontage and accessibility within the Central Orlando trade area. Located at 2300 S. Goldenrod Road, the asset is situated at the signalized intersection of Goldenrod [...]

By |2019-09-26T17:01:51-04:00September 17th, 2019|In the News, Press Release|

Lakeland Logistics Center Reaches 100% Occupancy with 157,000-SF Lease from Ta Chen International, Inc.

Cushman & Wakefield Represented the Landlord, Cabot Properties, in the Lease Negotiations LAKELAND, FL, August 21, 2019 – Cushman & Wakefield has negotiated a 157,500-square-foot lease with Ta Chen International, Inc. at Lakeland Logistics Center in Lakeland, Florida. The lease brings the 490,000-square-foot, Class A distribution facility to 100% occupancy. The Cushman & Wakefield Industrial Leasing team of Senior Director Jared Bonshire, Managing Director Julia Silva, Senior Director David Perez and Senior Associate Jessica Mizrahi represented the landlord, Cabot Properties, in the lease negotiations. Cabot Properties, a leading investor, developer and operator of industrial assets, acquired the property in June 2018 and subsequently engaged the Cushman & Wakefield team as the exclusive leasing agent. The tenant, Ta Chen International, is an industry-leading manufacturer and distributor of stainless, aluminum and nickel alloy coils, sheets, plates, long products, tubes and PVFs. The company has operations throughout the U.S., as well as in [...]

By |2019-08-27T12:32:51-04:00August 21st, 2019|In the News, Press Release|

Cushman & Wakefield Represents Further in New 17,000-SF Lease in Orlando

A Leading Administrator of Health Savings Accounts, the New-to-Market Tenant will Bring 100 Jobs to the Area ORLANDO, FL, August 19, 2019 – Cushman & Wakefield has negotiated a new, 17,000-square-foot lease on behalf of Further, a leading administrator of health savings and spending accounts, at Cardinal Point at Lake Ellenor in Orlando. The Eagan, Minnesota-based company is new to the Orlando market and will create approximately 100 new jobs for the area. The Cushman & Wakefield team of Director Colin Morrison, Senior Director Robert Kellogg, CCIM, and Senior Director Todd Davis, CCIM, SIOR, represented Further in the lease negotiations. The landlord is Tampa-based Cardinal Point Management, represented by its own David Moskovitz. At 5900 Lake Ellenor Drive, Cardinal Point at Lake Ellenor is an eight-story, 132,991-square-foot, Class A office building located just south of Downtown Orlando in Orlando Central Park. The location offers convenient access to Interstate 4, Florida’s [...]

By |2019-10-01T15:42:28-04:00August 19th, 2019|In the News|

Cushman & Wakefield Negotiates 11,000-SF Lease for Killgore Pearlman Semanie Denius & Squires at One Orlando Centre

The Business Law Firm Will Benefit from the Class A Office Tower’s Central Location and Array of High-Quality Amenities ORLANDO, FL, August 13, 2019 – Cushman & Wakefield has negotiated a 10,919-square-foot lease for Killgore Pearlman Semanie Denius & Squires, P.A. at One Orlando Centre, a Class A office tower in downtown Orlando. The Orlando-based business law firm will be moving its practice from 2 S. Orange Ave., where it has been located for the last 17 years. Managing Director Jeff Sweeney, SIOR, and Senior Associate Kevin Hammond represented Killgore Pearlman in the lease negotiations. Jay Dixon and Tom Rich of CBRE represented the landlord, Southwest Value Partners. Killgore Pearlman has approximately 12 attorneys who specialize in a various area of law; including commercial litigation, banking law, automotive dealership law, commercial collections, corporate and business law, estate planning, probate guardianship, creditors’ rights and bankruptcy, real estate law, employment/non-compete agreements, and [...]

By |2019-08-16T17:21:30-04:00August 16th, 2019|In the News, Press Release|

Cushman & Wakefield Represents Wood Partners in Sale of Alta Grande in Orlando

Jay Ballard Ken Delvillar, Michael Mulkern and Robert Given Represented the Seller in the Disposition of the New 314-Unit Luxury Multifamily Community ORLANDO, FL, June 17, 2019 — Cushman & Wakefield has negotiated the sale of Alta Grande, a new 314-unit luxury multifamily community in Orange County. Jay Ballard, Ken Delvillar, Michael Mulkern and Robert Given of Cushman & Wakefield’s Florida Multifamily Team represented Atlanta-based Wood Partners in the sale. Dallas-based Lantower Residential acquired the asset. Alta Grande opened in May 2018 and comprises 10, three-story residential buildings; an integrated clubhouse; and nine garage buildings. The property offers a mix of one-, two- and three-bedroom units with an average size of 969 square feet. The community was 98.41% leased at the time of sale. Units at Alta Grande feature wood-style laminate flooring, under-cabinet lighting, granite countertops, soft-close kitchen cabinetry, stainless steel appliances, kitchen islands with USB outlets, side-by-side refrigerators with an ice-maker, glass-tiled backsplashes, pendant lighting, a private balcony or patio, full-size washers [...]

By |2019-09-26T17:07:11-04:00June 17th, 2019|In the News, Press Release|

Cushman & Wakefield Negotiates $10.6M Sale of Multifamily Development Site in Orlando’s Metro West Submarket

New-to-Market Multifamily Developer, RISE, Acquired the 19-Acre Property ORLANDO, April 19, 2019 – Cushman & Wakefield has negotiated the sale of a +/-19-acre multifamily development site in Orlando’s MetroWest master-planned community for $10.6M. The Cushman & Wakefield Land Advisory Team of Senior Director Margery Johnson and Director Andy Slowik represented the seller, Valencia Properties, in the disposition. The buyer is RISE, a Valdosta, Georgia-based multifamily developer. The acquisition marks the developer’s entrance to the Central Florida market. MetroWest is a 1,805-acre master-planned community located fewer than 10 miles southwest of downtown Orlando at MetroWest Boulevard and Kirkman Road. RISE’s plans for the site include a 442-unit luxury apartment community comprised of five four-story buildings on 17.13 acres, as well as two retail outparcels fronting Kirkman Road. “Rise plans to deliver a best-in-class multifamily project, which is long overdue for MetroWest,” said Slowik. “This transaction, along with Equinox’s Kirkman Station retail center, successfully concludes [...]

By |2019-05-17T15:51:57-04:00May 17th, 2019|In the News, Press Release|

Orlando Office Leasing Team of Todd Davis, Robert Kellogg and Colin Morrison Joins Cushman & Wakefield

The Distinguished Team Brings a Strong Reputation and Deep Roots in the Central Florida Market ORLANDO, FL, April 29, 2019 – Cushman & Wakefield is pleased to announce it has added a three-member, market-leading office services team to its Orlando office. Senior Director Todd Davis, CCIM, SIOR, Senior Director Robert Kellogg, CCIM, and Director Colin Morrison will focus on serving owners, tenants and investors throughout Central Florida’s office sector. Specializing primarily in landlord representation, the team will work closely with Cushman & Wakefield’s Capital Markets and Asset Services professionals to provide a full-service client approach. Davis, Kellogg and Morrison have worked as team for more than four years and bring 40 years of combined experience in the Orlando office market. The three brokers join Cushman & Wakefield from Colliers International, where they consistently ranked as a top-producing team and established themselves as leaders in the market. All three team members [...]

By |2019-04-30T16:29:20-04:00April 30th, 2019|In the News, Press Release|

Cushman & Wakefield Arranges $48.5M Sale of Suburban Orlando Office Building on Behalf of TA Realty

KBS Acquired Maitland Promenade One, a 230,371-Square-Foot, Class A+ Asset ORLANDO, FL, January 18, 2019 – Cushman & Wakefield has arranged the sale of Maitland Promenade One, a 230,371-square-foot, Class A+ office building in suburban Orlando, for $48.5 million. The five-story building is situated in Maitland, approximately 10 miles north of Orlando’s downtown. The Cushman & Wakefield Investment Sales Team of Executive Director Michael Lerner, Vice Chairman Mike Davis, Executive Director Rick Brugge and Director Rick Colon represented Boston-based TA Realty, a private real estate investment firm, in the disposition. KBS, one of the largest owners of Class A office space in the world, acquired the property. At 485 N. Keller Road, the building is located within Maitland Center, which is one of the largest suburban office parks in Central Florida. Maitland Promenade One is one of just eight true Class A+ assets located within the office park. The building [...]

By |2019-01-23T10:47:43-05:00January 23rd, 2019|In the News, Press Release|

Cushman & Wakefield Names Wanda Riley Managing Principal of Orlando and Jacksonville Offices

Riley, Who has Been With the Firm Since 2000, Will Also Maintain Her Role as Director of Brokerage Services & Operations for Florida TAMPA, FL, January 15, 2019 – Cushman & Wakefield has named Wanda Riley Managing Principal for its Orlando and Jacksonville offices. In this leadership role, Riley will oversee the strategic growth and business development efforts for the firm’s Central and Northeast Florida markets. She will also maintain her statewide position as Director of Brokerage Services & Operations for Cushman & Wakefield’s eight Florida offices, which she has held since 2014. With the additional responsibilities of Managing Principal, Riley will have direct oversight of nearly 100 employees and all aspects of the firm’s business in the Central and North Florida markets, including agency leasing, tenant representation, capital markets, debt and equity, asset services, valuation and advisory and project and development services. As a leader, she will focus on growth [...]

By |2019-08-27T12:28:47-04:00January 16th, 2019|In the News, Press Release|

Cushman & Wakefield Negotiates Sale of Former Golf Course where 1M-SF Industrial Facility will be Developed

Developers Transwestern Development Co. and Crow Holdings also have Retained Cushman & Wakefield to Lease for the I-4 Corridor Property LAKELAND, FL, December 5, 2018 – Cushman & Wakefield has negotiated the sale of a 183.5-acre former golf course site in Lakeland, which will be redeveloped into a Class A industrial project totaling over 1 million square feet. Transwestern Development Co. in partnership with Crow Holdings acquired the property and will break ground on the speculative industrial project in January 2019. The developers retained the Cushman & Wakefield Industrial Leasing team of Senior Director Jared Bonshire and Senior Director David Perez, based in Orlando, along with Senior Director Julia Silva of Tampa. Bonshire and Perez, along with Director Andrew Slowik and Senior Director Margery Johnson, of Cushman & Wakefield’s Land Advisory Group, negotiated the sale of the property on behalf of the seller. Called University Park at Bridgewater, the facility [...]

By |2018-12-12T11:18:34-05:00December 12th, 2018|In the News, Press Release|