Oct
30

Multi-Tenant Distribution Facility Trades for $48M in Orlando

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Cushman & Wakefield negotiated the sale of LeeVista Business Center between McDonald Development Co. and Colony Capital.

LeeVista Business CenterLeeVista Business Center

OrlandoCushman & Wakefield has negotiated the sale of LeeVista Business Center, a 479,100-square-foot warehouse and distribution center adjacent to Orlando International Airport. The property traded for $47.9 million, or $100-per-square-foot, achieving record pricing for an Orlando multi-tenant warehouse and distribution facility.

The Capital Markets brokerage team of Executive Director Mike Davis and Senior Directors Michael Lerner and Rick Brugge represented Atlanta-based seller McDonald Development Co. in the disposition. LeeVista Business Center was acquired by Los Angeles-based Colony Capital

Multi-Tenant Distribution Facility Trades for $48M in Orlando

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