Done Deals: NAI Realvest Negotiates Sale of 5.1-Acre Industrial Site in Orlando for $1.35M

Thursday, March 13, 2008

NAI Realvest Negotiates Sale of 5.1-Acre Industrial Site in Orlando for $1.35M

MAITLAND, FL– NAI Realvest recently negotiated the sale of a 5.147-acre industrial site in Cypress Park at 1611 Cypress Lake Drive in southeast Orlando for $1.35 million. George Livingston,(top left photo) chairman of the firm, and Christie Alexander,(top right photo) a principal at NAI Realvest negotiated the transaction.

Cypress Lake Properties, LLC of Columbus, Ohio is the buyer. Chicago based CalEast Industries Investors LLC was the seller. Livingston said the buyer plans to develop an 83,000± square foot distribution warehouse building on the site.

Michael Heidrich, (photo at right) a principal at NAI Realvest, will serve as principal leasing representative for the facility. NAI Realvest will also handle property management.

About NAI Realvest

NAI Realvest, with offices in Orlando, Daytona Beach, Lake Wales and Clermont, is a fully integrated commercial real estate operating company specializing in brokerage, development, invest

ment, leasing and management, consulting and research services in the U.S. and worldwide through NAI Global, an international commercial real estate network with over 375 offices spanning the globe. Since 1978, clients have built their businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.