Colonial Grand at Hunter's Creek, Orlando, Sold for $57.7M

ORLANDO, FL--The Orlando office of CB Richard Ellis is pleased to announce the sale of Colonial Grand at Hunter's Creek, (top right photo) a 496-unit multi-family community in the desirable Hunter's Creek area of Orlando.

Completed in 1997, the property is across from the Hunter's Creek Golf Course, and has nearly 3,000 feet of frontage on John Young Parkway.

Shelton Granade (middle left photo) and Luke Wickham (bottom right photo) represented the seller in the transaction.

CBRE's Central Florida Multi-Housing Group has sold more than 1,600 units in greater Orlando for over $180 million in 2008 thus far.

The assets sold range from "value add" opportunities built in the 1970's and 1980's, to class "A" projects built within the last 10 years. CBRE has also sold several "fractured" deals – communities that converted and sold units as condominiums and reverted the remaining units back to rentals.


CBRE's Central Florida Multi-Housing Group has closed more multi-housing properties locally over the last twelve months than any other company, and continues to be the market leader in Orlando.

For more information on CB Richard Ellis Central Florida Multi-Housing Group visit Shelton Granade at www.cbre.com/shelton.grande or

Luke Wickham at www.cbre.com/luke.wickham