Cushman & Wakefield Closes Sale of Millenia Lakes in Orlando, Florida
Orlando, FL, November 11, 2014 --(PR.com)-- Cushman & Wakefield announced today that its Florida Capital Markets Group, who represented Duke Realty and institutional investors advised by J.P. Morgan Asset Management, closed the sale of Millenia Lakes, a three-building, 415,909-square-foot, Class A suburban office portfolio located in Orlando, FL; which also includes two pad-ready development sites totaling 12.5 +/- acres. A fund managed by Cornerstone Real Estate Advisers was the purchaser of the portfolio.
Cushman & Wakefield’s Investment Sales Team was led by Executive Director Mike Davis, Senior Director Michael Lerner and Director Rick Brugge, who represented the sellers in the transaction.
“Investor interest in these exceptional properties was extraordinarily high which is a reflection of their high quality, strong tenancy and outstanding location,” said Michael Lerner. Mr. Lerner went on to say: “Investor demand for quality office assets in Orlando is the strongest it has been since the economic downturn began almost seven years ago.”
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.
Cornerstone Real Estate Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe, and Asia, is one of the largest global real estate investment managers. It provides core and value-added investment and advisory services, including a comprehensive suite of private and public real estate debt, equity and securities expertise and services, to institutional and other qualified investors around the globe. Cornerstone is a member of the MassMutual Financial Group. For more information, visit www.cornerstoneadvisers.com.
Cushman & Wakefield’s Investment Sales Team was led by Executive Director Mike Davis, Senior Director Michael Lerner and Director Rick Brugge, who represented the sellers in the transaction.
“Investor interest in these exceptional properties was extraordinarily high which is a reflection of their high quality, strong tenancy and outstanding location,” said Michael Lerner. Mr. Lerner went on to say: “Investor demand for quality office assets in Orlando is the strongest it has been since the economic downturn began almost seven years ago.”
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.
Cornerstone Real Estate Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe, and Asia, is one of the largest global real estate investment managers. It provides core and value-added investment and advisory services, including a comprehensive suite of private and public real estate debt, equity and securities expertise and services, to institutional and other qualified investors around the globe. Cornerstone is a member of the MassMutual Financial Group. For more information, visit www.cornerstoneadvisers.com.
Contact
Pinstripe Marketing
Ginger Reichl
727-214-1555
www.cushmanwakefield.com
Ginger Reichl
727-214-1555
www.cushmanwakefield.com
Contact
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