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ARA Newmark Closes $66M Sale of Orlando Asset
Atlanta-based Cortland Partners, LLC acquired GrandeVille at JubiLee Park, a 330-unit, Class A multifamily property in Orlando, from LeCesse Development Corporation for $65.75 million. Located in a high-growth submarket near Orlando International Airport (MCO), the property is 95% occupied and will be rebranded as Cortland Jubilee Park.
The property features a combination of three-story buildings, as well as two-story buildings in a garden-style setting. Built in 2015, GrandeVille at JubiLee Park boasts a pool with large sundeck and outdoor kitchen, community dog park, and a spacious clubhouse featuring a pub, game room and fitness center.
ARA, A Newmark Company’s, Patrick Dufour, Scott Ramey and Kevin Judd represented the seller.
“The sale is a perfect example of the incredible demand for well-located Class A properties in Central Florida,” said Ramey. “The property’s unique design is the only one of its kind in the market, resulting in an extraordinarily fast lease-up in 2015.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

