Monday, May 11, 2015

CBRE Capital Markets Arranges $54 Million Sale of Multifamily Community in Central Florida


The Park at Laurel Oaks apartments
Winter Springs, FL
Orlando, FL, May 11, 2015 – Shelton Granade, Luke Wickham, and Justin Basquill of CBRE Capital Markets arranged the sale of The Park at Laurel Oaks, a 552-unit apartment
community in Winter Springs, Florida, about 15 minutes outside of Orlando.

 The gated community, located at 1 Laurel Oaks Drive, was acquired from Laurel Oaks, LLC by an affiliate of New York-based White Eagle Property Group for $54 million. 

CBRE exclusively represented the seller in the transaction.

“The Park at Laurel Oaks has great value add upside through minor property upgrades,” said
Mr. Granade, Executive Vice President of CBRE Capital Markets, Multifamily. ”Multifamily
investors continue to show strong interest in the Seminole County area of Orlando because of
its prime location near top rated schools, high-end retail and major employers.”

Shelton Granade
The Park at Laurel Oaks was built in two phases (1986 and 2000), and has a current
occupancy of 95%.

 The property is conveniently located in the affluent Orlando suburb of Winter Springs near three of the area’s largest professional employers – South Seminole Hospital, Lake Mary Heathrow Office Park and Maitland Center Office Park. 

Community amenities include a fitness center, business center, tennis court, car care center, private garages and two swimming pools.

Granade, Wickham and Basquill have closed nearly $1.9 billion in multifamily sales in Central
Florida from 2013 to date.

For a complete copy of the company’s news release, please contact:

Elizabeth Cross
305.428.6373

Daniel Jimenez
407.839.3191

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