Press Release

  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 [...]

Robert Given, Jay Ballard and Ken Delvillar Negotiated the Sale and Robert Kaplan, Chris Lentz and Mark Rutherford Arranged the Financing of the 240‐Unit Luxury Apartment Community ORLANDO, FL, February 27, 2018 — Cushman & Wakefield has arranged the sale and financing of Murano Apartments, a 240-unit luxury multifamily apartment community in the South Orlando/Hunters Creek submarket. The Cushman & Wakefield Multifamily Advisory team of Robert Given, Jay Ballard and Ken Delvillar represented the partnership of The Courtelis Company, Kislak Organization and HMG/Courtland Properties in the disposition. Aventura, FL-based Cardone Real Estate Acquisitions, LLC acquired the asset. Cushman’s Equity, Debt and Structured Finance team of Robert Kaplan, Chris Lentz and Mark Rutherford arranged the senior debt on behalf of the buyer. Murano Apartments is a three-building, four-story suburban mid-rise multifamily community built in 2016 on a ±9.5-acre site at 9932 Grande Lakes Boulevard. Located in southern Orlando, between Disney and the Orlando International Airport, the property is walking distance from local schools and Darden’s 650,000-square-foot corporate headquarters. Murano Apartments is also [...]