Real Capital Solutions

Orlando Commercial Real Estate Wrap-Up – October 2020

Industrial facility sells for $30 million. TerraCap Management buys 196,000-square-foot office asset. Check out our October list of Orlando must-reads.

Plymouth Industrial Expands Portfolio With $51M Buy

The REIT’s purchase of more than 850,000 square feet strengthens its presence in St. Louis and Jacksonville, Fla.

Taurus Buys Suburban Orlando Office Campus

The company paid nearly $29 million for the 270,555-square-foot property in Altamonte Springs, Fla.

Kimco Realty Adds $215M to Term Loan

By upsizing its recent unsecured term loan facility to $590 million, the company has brought its immediate liquidity to more than $2.2 billion.

Cushman & Wakefield Negotiates New Jersey Office Lease

The company’s Curtis Foster and Jerry Shifrin represented the owner of the 300,000-square-foot property. A cleaning supplies distributor will occupy roughly 10 percent of the building.

Kimco Realty Sells 2 Phoenix Shopping Centers

The REIT traded the 307,000-square-foot portfolio for nearly $27 million, with the buyer securing acquisition financing from CIBC Bank.

Hines Sells North Florida Office for $42M

The newly constructed, 120,407-square-foot development in Jacksonville is McKesson Corp.’s headquarters. The company signed a full-building lease in 2018.

Cushman & Wakefield Brokers HQ Lease in Northern New Jersey

Executive Director Ben Brenner worked on behalf of tenant Fujitsu, while Broker MariaGrace Iantosca represented the owner of the newly repositioned 100,000-square-foot property.

JV Acquires WI Shopping Center

Lamar Cos. and Real Capital Solutions have purchased the 216,785-square-foot East Town Plaza in Madison, which was 83 percent leased at the time of sale.

Jacksonville Warehouse Changes Hands for $49M

Wells Fargo originated just shy of $30 million in acquisition financing for Graham & Co.’s purchase of the 877,196-square-foot industrial asset.