Ken Delvillar and Jay Ballard Represented a Joint Venture of Panther Properties and Integra Land Company in the Sale of the 338-Unit Orlando Multifamily Community

ORLANDO, FL, June 24, 2016 – Cushman & Wakefield announced today that it has negotiated the sale of Integra Cove, a 338-unit luxury multifamily community in Orlando, for more than $60 million.

Jay Ballard

Jay Ballard

Ken Delvillar

Ken Delvillar

Senior Director Ken Delvillar and Executive Director Jay Ballard represented a joint venture of Boston-based Panther Properties and Orlando-based Integra Land Company in the disposition valued at $60.4 million ($178,698 per unit). New York-based Praedium Group was the buyer.

Integra Cove was built in 2016 and is comprised of 338 units in 13 buildings. The community offers 17 unique floor plans averaging 960 square feet and features wood plank flooring, granite kitchen countertops, stainless steel appliances, screened patios and balconies, crown molding, vaulted ceilings and a washer and dryer.

Integra Cove was built in 2016 and comprises 338 units in 13 buildings.

Integra Cove was built in 2016 and comprises 338 units in 13 buildings.

The gated community offers best-in-class amenities such as a zero-entry salt water pool, a gourmet poolside grilling station, a wireless café with Mac and PC workstations, a 24-hour fitness studio with a CrossFit box, a bark park, a pet spa, an auto detailing station, electric car charging stations and elevator access.

Integra Cove was developed on a ±14.5-acre site at 6801 Integra Cove Boulevard and provides residents with exceptional access to many of Orlando’s major employers, retailers, eateries, venues and thoroughfares. The property’s location along Interstate 4 at the intersection of Central Florida Parkway and Westwood Boulevard is within walking distance of Sea World and less than 10 minutes from Walt Disney World, Universal Studios and the Orange County Convention Center.

“Integra Cove offered investors the unique opportunity to acquire a new-construction, Class A multifamily asset in one of the most dynamic tourist commercial corridors in the nation,” said Delvillar. “There’s nothing else in the submarket that offers comparable visibility, location, finishes or amenities.”

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.