JLL Arranges $6M Sale of Orlando Office Building
JLL has arranged the $5.9 million sale of 1925 Prospect Ave., a 20,604-square-foot office building occupied by Cuhaci & Peterson Architects and Engineers in Orlando. The two-story property is located in Orlando’s Baldwin Park neighborhood.
Darryl Hoffman of JLL represented the seller in the transaction, CDLP Properties LLC, a single-purpose entity comprising the former owners of the architecture and engineering firm that occupied the office building. The buyer was Baldwin Oak LLC.
“While COVID-19 has undoubtedly affected Orlando’s office space market and the commercial real estate market abroad, this transaction is a prime example of local businesses persevering through adversity,” said Hoffman. “Not only does it show that demand for commercial office remains, it also demonstrates that local businesses can and will lead our region to a post-COVID-19 economy.”
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition