 |
Taylor Osborne |
MIAMI,
FL – JLL Capital Markets handled the sale
of , a 513,560-square-foot, Class A industrial park in Orlando, FL.
JLL represented the seller, an affiliate of PGIM Real Estate, in the
sale to LaSalle Investment Management.
 |
Cody Brais |
Completed in
2018-2019, Princeton Oaks Phase I consists of five
state-of-the-art, multi-tenant industrial buildings currently 100% leased to a
diverse roster of 15 high-quality tenants, targeting the highest demand users
for industrial spaces in the Orlando market.The
property is strategically located in Orlando's Northwest Orange County
submarket, just minutes from downtown Orlando and major highways including John
Young Parkway, SR-408 and I-4.
The property's location provides access to over
3.75 million consumers within a 60-minute drive, making it highly attractive
for last-mile logistics and regional distribution operations.
The
JLL Capital Markets Investment Sales and Advisory team was led by Managing
Director Luis Castillo, Senior Director Cody Brais and Associate Taylor
Osborne. The leasing efforts for the property are spearheaded by Foundry
Commercial’s Justin Ruby and Joey Woodman.
“Princeton Oaks represented
a rare opportunity to acquire a trophy industrial asset of scale in one of the
nation's top-performing markets,” said Castillo. “With its state-of-the-art
specifications, strategic infill location and significant mark-to-market
potential, this property is well-positioned to capitalize on Orlando's
explosive industrial growth and deliver strong returns for years to come.”
 |
Justin Ruby |
“As
more tenants seek proximity to urban centers and labor pools, developments such
as Princeton Oaks are poised to leverage the market’s momentum,
offering optimal spaces that match the needs of today’s users,” added Brais.
“This trend signals a promising trajectory for Orlando, making it a critical
hub for industrial investment in the Southeast.”
About
LaSalle Investment Management
LaSalle
Investment Management is one of the world’s leading real estate investment
managers. On a global basis, LaSalle manages US$84.8 billion of assets in
private and public real estate equity and debt investments as of Q2 2024.
LaSalle’s diverse client base includes public and private pension
funds, insurance companies, governments, corporations, endowments and private
individuals from across the globe. LaSalle sponsors a complete range of
investment vehicles, including separate accounts, open- and closed-end funds,
public securities and entity-level investments.
 |
Joey Woodman |
Contact:
Grace Lewis,
JLL PR
Phone: +1 903 520 3478
Email: grace.lewis@jll.com
pgimrealestate.com.
jll.com
www.lasalle.com