Orlando, FL – December 16, 2011– Cushman and Wakefield of Florida, Inc. announced the sale of Lake Mann Gardens Apartments located in Orlando, Florida to Silver Lake Orlando, LLC.
Cushman & Wakefield’s Multifamily team led by Senior Director Jay Ballard (top right photo), Associate Director Ken Delvillar (top left photo), CCIM and Associate Lindsey Pfaender represented the seller, Potomac Realty Capital in the deal which closed on November 30. Silver Lake Orlando, LLC paid $1.5 million or approximately $8,000 per unit. The Property was only 30 percent occupied at the time of the sale
“The buyers were able to work through a number of hurdles to get the deal done,” said Ken Delvillar. “It will be interesting to see the property change both in terms of curb appeal and performance in the near term.” Completed in 1974, Lake Mann Gardens is a concrete built 189-unit bank-owned asset located in the South Orlando submarket. The garden-style property is convenient to three major roadways: Interstate 4, East/West Expressway 408, and the Florida Turnpike.
C&W negotiates new lease for litigation management practice Orlando, FL – Cushman & Wakefield of Florida, Inc. (C&W) Senior Director Matthew McKeever (lower right photo), CCIM, SIOR, and Office Brokerage Associate Joe Abascal announced Hamlin and Burton Liability Management Inc., has signed a new lease in Tower II at Primera (bottom left photo) located in Lake Mary at 615 Crescent Executive Court.
Mr. McKeever and Mr. Abascal negotiated the 3,436 sf long term deal on behalf of the tenant. DRA Real Estate Services represented the landlord.
Hamlin and Burton Liability Management provides litigation management services in the area of medical malpractice.
Contact:
Brook Hines
Marketing Associate
Cushman & Wakefield
800 N. Magnolia Avenue, Suite 450
Orlando, Florida 32803
Tel: 407-541-4401
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