Done Deals: JLL Capital Markets arranges sale of Regional Airport Center II, a Class A, 81K SF industrial property in Orlando, FL

Sunday, August 25, 2024

JLL Capital Markets arranges sale of Regional Airport Center II, a Class A, 81K SF industrial property in Orlando, FL

Regional Airport Center II, Orlando, FL

MIAMI, FL – JLL Capital Markets brokered the sale of Regional Airport Center II, a Class A, multi-tenant infill industrial building in Orlando, Florida.

JLL represented the seller, Stonelake Capital Partners, LLC, in the sale to Clarion Partners.The price was not disclosed.

Luis Castillo

The JLL Investment Sales and Advisory team was led by Managing Director Luis Castillo, Senior Director Cody Brais, Director Wells Waller and Associate Taylor Osborne.

“Regional Airport Center II offered a coveted opportunity to acquire an exceptionally well-located and highly functional multi-tenant industrial asset in one of the US’s best performing markets,” said Brais.

“This sale is yet another example of the strong interest our team is seeing for light industrial opportunities in high-growth markets like Orlando,” added Castillo.

Cody Brais

Regional Airport Center II spans 81,762 square feet, featuring 11 bays averaging 7,433 square feet. Currently 100% occupied, the asset is leased to a diverse range of national and regional tenants from seven different industries with an average tenure of 4.65 years.

Conveniently located at 8350 Parkline Blvd., the building is just minutes away from Orlando International Airport and provides excellent accessibility to Florida’s Turnpike and I-4, both less than 10 minutes away.

This prime location allows tenants to efficiently serve major demand drivers, including world-renowned theme parks and reach over 3.5 million consumers within a 60-minute drive.

Wells Waller

For more news, videos and research resources, please visit JLL’s newsroom.

About Stonelake

Stonelake Capital Partners is a real estate private equity firm investing in 11 markets from Phoenix to Florida (Sunbelt).

Kenneth Aboussie

Stonelake primarily acquires and develops (i) Class-A & Class-B industrial warehouses and (ii) develops Class-A multifamily and owns over $4.5 billion of commercial real estate in high growth markets, including Austin, Dallas, Houston, Atlanta, Nashville, Phoenix, Tampa, Orlando, South Florida, San Antonio & El Paso.

Stonelake owns, is developing or has developed 28 million square feet of industrial warehouses, 8,155 multifamily units and 3.3 million square feet of office buildings. Stonelake has raised $2.6 billion of equity across eight (8) private equity funds over the last 17 years.