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.

John Kiltz.\

Stonelake was founded in Austin, Texas in 2007 by Kenneth Aboussie and John Kiltz.

 

CONTACT:

 Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

$31 million construction loan arranged for multi-housing community in Chicago’s Lincoln Park neighborhood

 

1529 N Fremont, a 132-unit,
fully entitled multi-housing
development in Chicago’s
Lincoln Park neighborhood.

CHICAGO, IL –  JLL Capital Markets has arranged a $31 million construction loan in the form of a participating mortgage for the development of 1529 N Fremont, a 132-unit, fully entitled multi-housing development in Chicago’s Lincoln Park neighborhood.

 

JLL worked on behalf of the borrowers, CityPads and Wayland Real Estate Capital, to secure the four-year, participating mortgage construction loan through a blue-chip life insurance company.

 

 CityPads’ mission is to provide modern, new construction multi-housing community in walkable and transit-oriented locations at an attainable price for average residents.

Lucas Borges 

The five-story project is anticipated to break ground in third quarter of 2024, and upon completion will feature four stories of rental units above 9,500 square feet of retail space and 29 parking spaces.

 

Located at 1529 N Fremont, the property is positioned in the heart of Lincoln Park, two miles north of the Magnificent Mile and many of downtown’s office towers, hotels and attractions.

 

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Lucas Borges and Associate Ryan Sullivan.

 

Ryan Sullivan

“1529 N Fremont is well positioned to capitalize on the surrounding amenities that this growing pocket of the city has to offer,” said Borges. “CityPads’ recent similar projects, Tapestry Station and The Edge on Broadway, were delivered in March 2024 and June 2020, respectively and outperformed expectations.

 

 "We anticipate with the current pent-up demand coupled with diminished supply; 1529 N Fremont will follow a similar trajectory.”

 

 

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

 

CONTACT:

 

Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

 waylandre.com

citypadsre.com