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Florida & Gulf Coast  + Central Florida  + Office  |  September 25, 2019
David Cohen
By: David Cohen

United Realty Snags Ocala Office Building for $5M

United Realty has acquired the SunTrust Bank building, a 65,000-square-foot office building in downtown Ocala. The sales price was $4.6 million.

Located along State Road 40, the property is occupied by tenants SunTrust Bank and Heart of Florida. Additionally, there is 20,000 square feet of space currently available for lease. Capital improvement plans by United Realty for the building include a 20,000-square-foot expansion, façade remodel, and the addition of a courtyard. The acquisition also included an adjacent 2.5-acre land parcel where United Realty plans to develop multifamily condos and a structured parking garage.

Beau Broker of Avison Young represented United Realty in the transaction. Broker handled leased services at the property on behalf of the seller, Simpson Group, and will continue to lease the building on behalf of new ownership.

For comments, questions or concerns, please contact David Cohen

Read More News Stories About: Avison Young
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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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