Friday, September 23, 2011

SOLD: CBRE Orlando Closes 379 Unit Apartment Deal





ORLANDO, FL--CB Richard Ellis is pleased to announce the sale of Westlake apartments in the Sanford submarket of Orlando.

Built in 2000, this gated community features 379 units and a full amenity package including two swimming pools, a fitness center, tennis courts, racquetball courts, and a business center.

The property was 94% occupied at closing. Shelton Granade (middle right photo) and Luke Wickham (lower left photo) of CBRE’s Central Florida Multi-Housing Group exclusively represented the seller, and have closed a marketleading $315 million in multi-housing transactions in Central Florida so far this year.

Buyer interest in multi-housing assets in Central Florida has increased significantly.

 For further information, please contact the Central Florida Multi-Housing Group of CB Richard Ellis.

Shelton Granade, Senior Vice President,  T 407.839.3103 shelton.granade@cbre.com
Luke Wickham,  Director of Operations,  T 407.839.3130, luke.wickham@cbre.com

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