C&W Negotiates Central Florida's First Industrial Investment Sale of 2009
20 Feb, 2009, Tampa, FL
Cushman & Wakefield negotiated the sale of two Class “A” Industrial buildings totaling 255,499 sf in Orlando, Florida for $17.2 million. This is Central Florida’s first Industrial Investment Sale of 2009.
CrownPointe FIVE & SIX – two state-of-the-art warehouse/distribution buildings, located in Orlando, Florida’s premier CrownPointe Commerce Park were 71 percent occupied at the time of the sale.
Executive Director of C&W Florida’s Capital Markets Group, Mike Davis, was quoted as saying, “Despite current weakness in the Capital Markets; investment demand continues for well located, quality assets.”
Executive Director Mike Davis (Capital Markets); Associate Director Rick Brugge, CCIM (Capital Markets); Industrial Property Specialist Lee Morris and Associate Jared Bonshire of C&W negotiated the sale on behalf of the seller, McDonald Development Group. The buyer was IDI.
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Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com/knowledge.
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