Multi-Tenant Distribution Facility Trades for $48M in Orlando
ByLeeVista Business Center
Orlando—Cushman & 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