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Parkway Properties, Silverpeak Wrap Up $125M Sale of Community in Lake Mary
Orlando, FL-based Parkway Properties and partner Silverpeak have completed the $125.1-million sale of The Helix at Lake Mary, a new 300-unit multifamily property in the Orlando submarket of Lake Mary, FL.
Chip Wooten and Jeff Gray of CBRE represented the sellers in the transaction; Los Angeles, CA-based IMT Capital purchased the property.
“Investor demand was extremely strong during the marketing process, generating a wide variety of offers from well-qualified investors, including several core and core-plus institutional funds, private equity groups, family offices and foreign capital,” said Wooten. “Ultimately, the buyer selected was able to meet our preferred timeline and was not dependent on debt, which was very attractive in the current market environment.
The Helix at Lake Mary’s 11 buildings were constructed in 2021. The property sits at 962 Bentstation Lane within Lake Mary Wellness and Technology Park, a 153-acre master-planned community anchored by Orlando Health.
- ◦Sale/Acquisition
