CBRE Welcomes Retail Sales Team Specializing In Triple-Net Leased Properties In Orlando
They join CBRE from Marcus & Millichap’s Net Lease group.
They join CBRE from Marcus & Millichap’s Net Lease group.
The firm has appointed Rafael Mendez, CCIM, to lead the new office expansion.
Marcus & Millichap represented the undisclosed seller in the transaction. Flavia Kanyago of CrossMarc will handle leasing at the center.
Situated within an opportunity zone, the project will be built in two phases, the first phase of which will include 300 multifamily units and more than 15,000 square feet of street-level retail space.
In alignment with Avanath’s mission to acquire, own, renovate, and operate affordable and value-oriented communities, 131 of 266 units are designated affordable, with the property’s rent restrictions continuing until 2050.
The property sold for $6,750,000 million.
Brad Peterson and Whitaker Leonhardt of JLL represented the seller in the transaction and procured the buyer.
Maria Gueits of Avanti Way Realty represented the buyer and Anthony Bernabe and Jordan Characo of Equity Commercial Real Estate Solutions represented the seller in the transaction.
Kevin Sanz of Orion Real Estate Group led the acquisition of the buyer, Limestone Millenia Plaza LLC. Brad Peterson and Whitaker Leonhardt of JLL represented the seller.
Ray Turchi and David Vaughan in Marcus & Millichap’s Orlando office had the exclusive listing to market the property on behalf of the seller, a private New York investor.
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