{"id":1004356172,"date":"2019-09-27T08:19:45","date_gmt":"2019-09-27T16:19:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004356172"},"modified":"2019-09-27T08:19:45","modified_gmt":"2019-09-27T16:19:45","slug":"orlando-area-industrial-park-sells-for-record-price","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/orlando-area-industrial-park-sells-for-record-price\/","title":{"rendered":"Orlando-Area Industrial Park Sells for Record Price"},"content":{"rendered":"<div id=\"attachment_1004356178\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Winter-Garden-Commerce-Center-e1569598848998.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004356178\" data-attachment-id=\"1004356178\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/orlando-area-industrial-park-sells-for-record-price\/winter-garden-commerce-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Winter-Garden-Commerce-Center-e1569598848998.jpg\" data-orig-size=\"792,595\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;ALEX BAKER - RATIO IMAGE, LLC&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;ALEX BAKER - RATIO IMAGE, LLC&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;1&quot;}\" data-image-title=\"Winter Garden Commerce Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Winter Garden Commerce Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Winter-Garden-Commerce-Center-e1569598848998.jpg?w=792\" class=\"wp-image-1004356178 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Winter-Garden-Commerce-Center-e1569598848998.jpg\" alt=\"Winter Garden Commerce Center\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Winter-Garden-Commerce-Center-e1569598848998.jpg 792w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Winter-Garden-Commerce-Center-e1569598848998.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Winter-Garden-Commerce-Center-e1569598848998.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004356178\" class=\"wp-caption-text\">Winter Garden Commerce Center. <em>Image courtesy of JLL<\/em><\/p><\/div>\n<p>WGCC Properties LLC&nbsp;has sold Winter Garden Commerce Center, Class A, four-building industrial park totaling&nbsp;140,929 square feet<strong>&nbsp;<\/strong>in Winter Garden, Fla. According to Orange County public records, KKR purchased the asset for $21.6 million, the highest price per square foot for an industrial sale in Orlando. JLL assisted the seller in the transaction and has been selected as exclusive leasing partner and property manager.<\/p>\n<p>Located at 661, 671, 681 and 691 Garden Commerce Parkway, the 9.7-acre property is roughly 14 miles west of downtown Orlando, within the N.W. Orange County Industrial submarket. The industrial park has easy access to both Florida Turnpike and Western Beltway.<\/p>\n<p>Completed in 2018, Winter Garden Commerce Center features 20- to 24-foot clear heights, 36 dock-high doors, 36 grade-level doors, four ramps and a 140-foot shared truck court. The property is 94.9 percent leased to 15 local, regional and national tenants.<\/p>\n<p>JLL Capital Markets Senior Vice President Bret Felberg, together with Managing Directors Britton Burdette and Pete Pittroff, led the team that negotiated the deal on behalf of the seller. The JLL Leasing and Property Management team includes Senior Vice President Bobby Isola and Managing Directors Wilson McDowell and Matthew Sullivan.<\/p>\n<p>In July, KKR <a href=\"https:\/\/www.commercialsearch.com\/news\/kkr-buys-566-ksf-multi-state-industrial-portfolio\/\">acquired a multi-state industrial portfolio<\/a> totaling&nbsp;565,644 square feet.&nbsp;The properties were purchased from three different sellers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL represented WGCC Properties LLC in the disposition of the Class A, 140,929-square-foot asset to KKR.<\/p>\n","protected":false},"author":870,"featured_media":1004356178,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,21783,21742,1493],"tags":[39582,32796,32883,39579,39576],"class_list":["post-1004356172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-investment","category-latest","category-orlando","tag-bobby-isola","tag-jll","tag-kkr","tag-matt-sullivan","tag-wilson-mcdowell"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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