ORLANDO, May 22, 2023 - JLL Capital Markets announced today that it arranged the sale of Crossroads 429, a two-building, Class-A industrial development totaling 280,437 square feet in Apopka, Florida.
JLL represented the seller, Summit Real Estate Group, and procured the buyers, Drake Street Partners and Whalley Capital Group.
The industrial properties include key features such as rear-load configuration, 32' clear height, 67 dock-high doors, 198 parking spaces and 93 trailer spaces. The 52.07-acre site is located at 2800 General Electric Rd. Apopka, a part of Orlando's Northwest Orange County submarket, has grown substantially over the past five years due largely to the northward expansion of the local highway system.
The JLL Capital Markets Investment Sales and Advisory team was led by Managing Director Luis Castillo, Director Cody Braiz and Senior Managing Director Dennis Mitchell.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
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Jones Lang LaSalle Inc. published this content on 22 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2023 14:05:06 UTC.
