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| Monroe CommerCenter North, 4150--4200 Church Street, Sanford, FL |
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| George Livingston |
ORLANDO, FL --- NAI Realvest recently closed the sale of an
industrial portfolio in Orange and Seminole counties that totals more than
525,000 square feet of space.
The transaction was handled by the NAI Realvest investment
team of George Livingston, Chairman, Principal Christie Alexander,
Broker Associate Drew Saphos, CCIM, and Paul Vera, along with
Principal Michael Heidrich, who will continue to lease the portfolio for the
new owners.
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| Christie Alexander |
Blue Vista Capital Partners in Chicago and Rio Hondo Capital
Partners of Baltimore, in a joint venture, paid $24 million for the
portfolio. The seller of the
properties was Cornerstone Core Properties REIT.
The portfolio includes Monroe CommerCenter North,
located at 4150-4200 Church St. in Sanford; Monroe CommerCenter South,
at Church Street and Monroe Road in Sanford; Hanging Moss CommerCenter
at 6100-6148 Hanging Moss Rd. in Orlando; and Goldenrod CommerCenter,
1460-1476 Goldenrod Rd. in east Orlando.
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| Drew Saphos |
All four CommerCenter properties were developed within the
past 12 years by Realvest Development and Small Bay Partners LLC, a group that
included Livingston, banker Geof Longstaff and longtime area developer Howard
Schieferdecker.
NAI Realvest Property Management will continue to serve the
new owners as management agent for the portfolio.
For a complete copy of the company’s news release, please
contact:
Larry Vershel or Beth Payan, Larry Vershel Communications
407-644-4142 lvershelco@aol.com
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