Monday, August 24, 2015

CBRE Capital Markets Brokers Sale of New Luxury Rental Community in Sanford, FL


Elan Towne Center, Sanford, FL
Orlando, FL –  CBRE Capital Markets arranged the sale of Elan Towne Center, a new 360-unit, Class “A” apartment community in the Sanford area of Orlando.

Located at 12500 Solstice Loop, the asset was completed in early 2015. CBRE’s Shelton Granade, Luke Wickham, and Justin Basquill provided exclusive representation to the seller in the transaction.

“The property was completing the lease-up when taken to market, and the strong investor demand was a testament to the desirable product and compelling employment story in the nearby Lake Mary Heathrow Office Park,” said Mr. Granade, Vice Chairman of CBRE Capital Markets, Multifamily.

 “Institutional and larger private equity investors are flocking to these high-quality locations and opportunities, and are bullish on the rent and employment gains projected for Orlando.”

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

Elizabeth Cross
Daniel Jimenez
+1 305 428 6373
+1 407 839 3191


  

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