{"id":1004711485,"date":"2024-04-24T03:46:34","date_gmt":"2024-04-24T11:46:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004711485"},"modified":"2024-05-09T06:32:05","modified_gmt":"2024-05-09T14:32:05","slug":"investcorp-sells-orlando-industrial-park-for-40m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/investcorp-sells-orlando-industrial-park-for-40m\/","title":{"rendered":"Investcorp Sells Orlando Industrial Park for $40M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004711488\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/investcorp-sells-orlando-industrial-park-for-40m\/ifb-23-277-056-labeled\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Cypress-Park.jpg\" data-orig-size=\"800,620\" 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;IFB 23-277-056 - labeled&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"IFB 23-277-056 &#8211; labeled\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Cypress Park in Orlando, Fla. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Cypress-Park.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Cypress-Park.jpg\" alt=\"Cypress Park in Orlando, Fla.\" class=\"wp-image-1004711488\" style=\"width:343px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Cypress-Park.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Cypress-Park.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Cypress-Park.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-element-caption\">Harbert Management Corp. has acquired Cypress Park in Orlando, Fla.<em> Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Harbert Management Corp. has acquired a five-building industrial park in Orlando, Fla., for $40.5 million. Cypress Park totals 256,838 square feet.<\/p>\n\n\n\n<p>According to CommercialEdge data, the seller was Investcorp. The company acquired the industrial park in 2021 for $28 million. The fully occupied buildings were completed in three phases between 1987 and 1997.<\/p>\n\n\n\n<p>Cypress Park is situated at 9500-9901 Satellite Blvd., on a 23-acre lot. Downtown Orlando is within approximately 11 miles. The Orlando International Airport is less than 10 miles from the industrial park.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/portal-warehousing-ceo-on-the-expansion-of-co-warehousing-solutions\/\">The Expansion of Flex Warehousing Solutions<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Cypress Park includes 230 car parking spaces, a 100- by 100-foot truck court, loading doors, dock levelers and dock bumpers. The rear-loading buildings feature 20- to 24-foot clear heights.<\/p>\n\n\n\n<p>Tenants include Think Simple, Centi Orlando, Redox Transport, BSG, ATI Restoration, CFL Roofing, Gallery Furniture, Airstar, Sherwin-Williams, Safety Shoe Distributors, Big City Catering, Concentra and Randstad, according to the same data.<\/p>\n\n\n\n<p>JLL represented the seller in the deal and procured the buyer. The JLL Capital Markets team was led by Managing Director Luis Castillo, Senior Director Cody Brais and Analyst Taylor Osborne.<\/p>\n\n\n\n<p>Also taking place on the industrial scene in Orlando, Stonemont Financial Group is currently developing a <a href=\"https:\/\/www.commercialsearch.com\/news\/meeting-the-needs-of-industrial-users-of-various-sizes-an-orlando-story\/\" target=\"_blank\" rel=\"noreferrer noopener\">259,000-square-foot campus <\/a>that will include seven buildings. Scheduled for delivery in the fourth quarter of this year, the campus will serve small- to mid-size tenants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developed in phases, the property features five buildings.<\/p>\n","protected":false},"author":3006,"featured_media":1004711488,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,1493,32781],"tags":[34016,32882],"class_list":["post-1004711485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-orlando","category-southeast","tag-harbert-management-corporation","tag-investcorp"],"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>Investcorp Sells Orlando Industrial Park for $40M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"In a $40.5 million deal, Harbert Management Corp. has acquired an industrial park in Orlando, Fla. 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