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| 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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