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 [...]

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 [...]

Jay Ballard and Ken Delvillar Represented AVR Realty Company in the Disposition of the 356-Unit Luxury Multifamily Community in Kissimmee, FL KISSIMMEE, FL, December 11, 2018 — Cushman & Wakefield has negotiated the sale of Altis Shingle Creek, a new, 356-unit Class A apartment community in Osceola County. Robert Given, Jay Ballard and Ken Delvillar of Cushman & Wakefield’s Florida Multifamily Team represented Boca Raton-based Altman Companies and New York-based owner AVR Realty Company in the disposition. Toronto-based Starlight Investments acquired the asset. Altis Shingle Creek was completed during the summer of 2018 and comprises 15 three-story residential buildings and a clubhouse. The property offers one-, two- and three-bedroom units with an average size of 982 square feet and an average market rent of $1,518 ($1.55 per square foot). Altis Shingle Creek is a National Green Building Standard-Certified community. Units at the property are furnished with energy-efficient designer lighting; stainless steel, [...]

A 25-Year Veteran of Cushman & Wakefield, Agnew Will Oversee the Firm’s Statewide Asset Services Operation Encompassing Over 40 Million Square Feet FLORIDA, December 10, 2018 – Cushman & Wakefield is pleased to announce that Mike Agnew will now serve as Senior Managing Director of Asset Services in Florida. With this promotion, Agnew will oversee the firm’s statewide Asset Services operation, which employs 260 professionals and currently encompasses 327 office, industrial and retail properties comprising more than 42 million square feet of space. Agnew brings 25 years of experience with Cushman & Wakefield to this new position. He has served in leadership roles with the firm’s Asset Services division for the majority of his career, demonstrating proven excellence in helping clients maximize property value and achieve their long-term real estate goals. “In my career I have had the honor of seeing Cushman & Wakefield evolve into a leading commercial real [...]

  The Two Class A Buildings Totaling 151,479 SF Are Part of Orlando’s SouthPark Center, a 162-Acre Master-planned Business Park ORLANDO, FL, November 6, 2018 – Cushman & Wakefield has negotiated the sale of a two-building office portfolio within Orlando’s SouthPark Center, a suburban master-planned business park near Orlando International Airport and the city’s tourism corridor. Pacer Partners, a boutique real estate investment and asset management company with offices in New York City and Boston, acquired the 151,479-square-foot portfolio. Executive Director Michael Lerner, Vice Chairman Mike Davis and Executive Director Rick Brugge, with Cushman & Wakefield’s Capital Markets Team, represented AEW Capital Management, a leading global institutional real estate investment manager, in the disposition. The two buildings in the portfolio, 700 and 800 SouthPark Center, are 100 percent leased to a diverse group of credit-worthy, industry-leading companies including Catamaran (subsidiary of UnitedHealth Group), Walgreen’s and Banco de Brasil. Both buildings feature [...]

Jay Ballard and Ken Delvillar Represented Cortland in the Disposition of the 328-Unit Apartment Community in Ocala, FL OCALA, FL, October 11, 2018 — Cushman & Wakefield has negotiated the sale of Deerwood Village Apartment Homes, a 328-unit, garden-style, luxury multifamily community in Marion County. Jay Ballard and Ken Delvillar of Cushman & Wakefield’s Florida Multifamily Team represented owner Cortland in the disposition. An affiliate of Boston-based West Shore, LLC acquired the asset for $49.75 million ($151,677 per unit). Deerwood Village Apartment Homes was constructed in 2006 and comprises 40, two-story residential buildings, one clubhouse and one maintenance building in a low-density, Big-House design. The property offers a mix of one-, two- and three-bedroom units with an average size of 1,015 square feet and an average market rent of $1,266 ($1.24 per square foot). The community was 94% occupied at the time of sale. All units at Deerwood Village Apartment [...]

Jay Ballard and Ken Delvillar Represented Robbins Property Associates and LEM Capital in the Disposition of the 296-Unit Apartment Community in Orlando, FL ORLANDO, FL, October 12, 2018 — Cushman & Wakefield has arranged the sale of Canopy Apartment Villas, a 296-unit value-add multifamily community in Central Florida. Jay Ballard and Ken Delvillar of Cushman & Wakefield’s Florida Multifamily Team represented the ownership group of Tampa-based Robbins Property Associates and Philadelphia-based LEM Capital in the disposition. An affiliate of Boston-based Taurus Investment Holdings, LLC acquired the asset for $47.95 million ($161,993 per unit). Canopy Apartment Villas was developed in 1981 and comprises 56 one- and two-story villa and townhome-style residential buildings. The property offers a mix of one-, two- and three-bedroom units with an average size of 1,090 square feet and an average market rent of $1,355 ($1.24 per square foot). The community was 96.3% occupied at the time of [...]