Seller Financing Seals $28 Million Deal For Groveland Industrial Park
The 200,000-square-foot park, which is made up of several small bay industrial buildings, is fully occupied.
The 200,000-square-foot park, which is made up of several small bay industrial buildings, is fully occupied.
The two industry professionals bring a combined 65 years of expertise.
As an integral part of this initiative, Brennan will undertake construction of a 249,600 square foot expansion on the adjoining 18-acre parcel of land, resulting in a combined square footage of 493,250.
Jay Ziv, Michael Fay, John Crotty, David Duckworth, Brian de la Fé and Greg Morrison of Avison Young marketed and brokered the sale on behalf of the seller.
The Orlando office, located at 121 S Orange Ave. will continue to serve as the primary hub for Veritas Prime’s Payroll Services Team and Contact Center, as well as future offerings.
JLL Capital Markets facilitated the sale and financing of the property.
John Gosnell of Strategic Real Estate Partners represented the sole tenant in the lease deal. Clay Witherspoon of Avison Young representing MDH Partners.
In honor of the New Year, here are the most popular news headlines of 2023 on CRE-sources.
The acquired portfolio comprises three distinct business parks situated in Altamonte Springs.
Douglas Partners intends to build the apartments and sell off the commercial uses to other developers.
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