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| 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.”
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| 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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