Williams will oversee and grow the firm’s several business lines in the Orlando market, including insurance, investment sales, capital advisory, leasing, project management and property management.
Newmark Multifamily Capital Markets Vice Chairmen Scott Ramey and Patrick Dufour, Director Brad Downing and Associate Paul Grant represented the seller in the sale transaction.
The Flats Orlando will operate as a hotel with short-term stay options streamlined through an exclusive rental program led by a worldwide brand soon to be announced.
The 376-unit apartment development was purchased for $71 million.
The new leases bring Church Street Market, which was built in 2006, to 91 percent occupancy.
Two of the team members come from Colliers where they worked together on the Retail Investment Sales team for Central Florida.
Rory Shelby, Scott Gould, and Christopher Biuso, investment specialists in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, MPV Properties.
The 45,000-square-foot facility recently broke ground within East Park Village, a 23-acre mixed-use development in Orlando’s Lake Nona neighborhood that will include a multifamily, retail, and hospitality component.
The City of Apopka is looking at 2.6 million more square feet of warehouse space in areas around the municipal airport.
Ferguson Plumbing Supply has been the tenant in both of these buildings since 2006. The purchase price of these buildings, around $50 per square foot, was less than the land value alone.