 |
| Justin Basquill |
Orlando, FL
– CBRE Capital Markets arranged the sale of Barrington Place Apartments, a 233-unit apartment community in
the Oviedo area of Orlando for an undisclosed
amount.
Located at 2785 Chaddsford Circle, the complex was completed in 1998 and has
a current occupancy of 95%.
CBRE’s Shelton Granade, Luke Wickham, Robert Given
and Justin Basquill executed the
transaction
on behalf of Chicago-based Equity Residential, an apartment REIT with a
portfolio
of more than
100,000 apartment units nationally.
The buyer
was a private investment group with multifamily holdings across the country,
including several properties in Central Florida.
“Investor
interest in the UCF/East Orlando corridor has been very strong, driven by
employment
growth around the University and the surrounding office/research parks,” said
Mr.
Granade,
Executive Vice President of CBRE Capital Markets, Multifamily. “The property
has excellent
visibility on heavily-traveled Aloma Avenue near retail, dining, and
employers.”
 |
| Robert Given |
Barrington
Place offers a host of amenities, including a resort-style pool, a large
clubhouse, a
fitness
center, a business center, and private garages.
Easily
accessible from Aloma Avenue and State
Road 417, the property is located just minutes from the Central Florida
Research Park,
Quadrangle Office Park, University of Central Florida, Valencia College and
Full Sail University.
Mr. Granade,
Mr. Wickham and Mr. Basquill have closed approximately $2 billion in
multifamily
sales in Central Florida from 2013 to date.
For a complete copy of the company’s
news release, please contact:
Elizabeth
Cross
305.428.6373
Daniel
Jimenez
407.839.3191
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