Done Deals: CB Richard Ellis' Private Client Group Named Exclusive Sales Agent for 26-Unit Apartment Community in Orlando, FL

Thursday, August 28, 2008

CB Richard Ellis' Private Client Group Named Exclusive Sales Agent for 26-Unit Apartment Community in Orlando, FL

ORLANDO, FL - Aug. 28, 2008 - CB Richard Ellis, the world's leading commercial real estate services provider, was recently named the exclusive sales agent for The Concord Apartments has been ocated at 920 W. Concord St. in Orlando, Fla. The 26-unit property consists of studio apartments with an average unit size of 600 sq. ft.

Luke Wickham, (top right photo) associate, has been retained to exclusively represent the owner of the residential community, WNC.

"The Concord offers potential investors the distinct advantage of being located within a few blocks of one of the most extensive redevelopment projects of the downtown Orlando area.

" Within the next few years, a 'creative village' will take the place of the old Amway Arena and surrounding area," Wickham said. "The property also has the advantage of being in the neighborhood that is currently undergoing gentrification."

Built in 1974, The Concord Apartments is located in downtown Orlando adjacent to the future site of what is projected be to the region's most significant multi-building project.

Already under construction, the endeavor will include a new events center, a performing arts center and a refurbished Citrus Bowl stadium. Over time, these community venues are projected to generate $10 billion in economic output and support 7,500 jobs annually.