Brookwood Sells Four-Building Office Portfolio In Orlando

Oct 23, 2017 No Comments by

Brookwood Financial Partners LLC has sold Lakefront I & II, a four-building, 192,654-square-foot office complex in Orlando, for $16.7 million.

Marty Busekus of HFF represented Brookwood in the transaction.

The buyer was not disclosed.

Brookwood originally acquired the asset in 2012 for $11.3 million and invested in capital improvements, including upgraded landscaping, enhanced exterior lighting, improved signage and construction of an additional surface lot.

At the time of sale, the property was 86 percent leased, including a long-term lease to an indirect subsidiary of CVS Health Corp.

 

Source:  RE Business

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