Sunday, June 21, 2015

CBRE Capital Markets Arranges Sale of Barrington Place Apartments in Oviedo, FL


Justin Basquill
Orlando, FL – CBRE Capital Markets arranged the sale of Barrington Place Apartments, a 233-unit apartment community in the Oviedo area of Orlando for an undisclosed amount. 

Located at 2785 Chaddsford Circle, the complex was completed in 1998 and has a current occupancy of 95%.

CBRE’s Shelton Granade, Luke Wickham, Robert Given and Justin Basquill executed the
transaction on behalf of Chicago-based Equity Residential, an apartment REIT with a portfolio
of more than 100,000 apartment units nationally.

The buyer was a private investment group with multifamily holdings across the country, including several properties in Central Florida.

“Investor interest in the UCF/East Orlando corridor has been very strong, driven by
employment growth around the University and the surrounding office/research parks,” said Mr.
Granade, Executive Vice President of CBRE Capital Markets, Multifamily.  “The property has excellent visibility on heavily-traveled Aloma Avenue near retail, dining, and employers.”

Robert Given
Barrington Place offers a host of amenities, including a resort-style pool, a large clubhouse, a
fitness center, a business center, and private garages.

Easily accessible from Aloma Avenue and State Road 417, the property is located just minutes from the Central Florida Research Park, Quadrangle Office Park, University of Central Florida, Valencia College and Full Sail University.

Mr. Granade, Mr. Wickham and Mr. Basquill have closed approximately $2 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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