{"id":1004167022,"date":"2017-02-21T02:20:33","date_gmt":"2017-02-21T10:20:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004167022"},"modified":"2022-12-08T18:49:58","modified_gmt":"2022-12-09T02:49:58","slug":"cushman-wakefield-closes-record-industrial-sale-in-orlando","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-record-industrial-sale-in-orlando\/","title":{"rendered":"Cushman &amp; Wakefield Closes Record Industrial Sale in Orlando"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<p><strong>Orlando, Fla.<\/strong>\u2014Cushman &amp; Wakefield has negotiated the sale of four Class A warehouse and distribution buildings in Orlando&#8217;s Southwest Industrial Corridor, making it the largest multi-tenant industrial portfolio transaction in Orlando history, in terms of square footage.<\/p>\n<div id=\"attachment_1004167127\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Beachline-Distribution-Center-I.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004167127\" data-attachment-id=\"1004167127\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-record-industrial-sale-in-orlando\/beachline-distribution-center-i\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Beachline-Distribution-Center-I.jpg\" data-orig-size=\"805,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Beachline Distribution Center I\" data-image-description=\"&lt;p&gt;Beachline Distribution Center I&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Beachline Distribution Center I&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Beachline-Distribution-Center-I.jpg?w=805\" class=\"wp-image-1004167127 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Beachline-Distribution-Center-I.jpg\" alt=\"Beachline Distribution Center I\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Beachline-Distribution-Center-I.jpg 805w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Beachline-Distribution-Center-I.jpg?resize=300,224 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Beachline-Distribution-Center-I.jpg?resize=768,572 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004167127\" class=\"wp-caption-text\">Beachline Distribution Center I<\/p><\/div>\n<p>The Capital markets team of Executive Managing Director Mike Davis, Senior Director Michael Lerner and Senior Director Rick Brugger represented a state pension fund advised by L&amp;B Realty Advisors in the disposition. Colony North Star acquired the assets for $67.1 million through its industrial fund, Colony Industrial.<\/p>\n<p>The 946,379-square-foot portfolio comprises Beachline Distribution Center I, Beachline Distribution Center II, Crossroads Business Park V and Crossroads Business Park VI, located at 2501 and 2507 Investors Row and 401 and 501 Gills Drive, respectively. The front-load and cross-dock buildings were developed between 1997 and 2001 and feature 26-foot to 30-foot clear heights, ample parking, tilt-wall construction, ESFR fire safety systems and 120-foot to 150-foot truck courts with 55-foot concrete aprons.<\/p>\n<p>The buildings house tenants including FedEx Smartpost, Dusobox, McKesson, Mattress One, Petco and US Mattress Depot. All were 100 percent occupied at the time of sale.<\/p>\n<p>&#8220;This transaction, along with Colony&#8217;s prior acquisition of LeeVista Business Center D, E and F and CrownPointe I-IV last year, enabled them to quickly add over two million square feet of premier industrial space to their existing Orlando portfolio,&#8221; said Lerner, in prepared remarks. &#8220;This has provided a dominant position within the red-hot Orlando market.&#8221;<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colony North Star is the new owner of four Class A warehouse and distribution buildings totaling 950,000 square feet. <\/p>\n","protected":false},"author":746,"featured_media":1004167127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21742,1493],"tags":[33430,32799,34021],"class_list":["post-1004167022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-latest","category-orlando","tag-colony-northstar","tag-cushman-wakefield","tag-michael-lerner"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cushman &amp; 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