CBRE Capital Markets Arranges Sale of Last-Mile Industrial Portfolio in Orlando
CBRE has arranged the sale of a three-building industrial portfolio totaling 241,124 square feet in Orlando, FL. GID Industrial purchased the property from a Boston-based institutional investor.
José Lobón, Trey Barry, Frank Fallon, Royce Rose, and Alain Bonvecchio of CBRE Capital Markets represented the seller in the transaction. The Capital Markets team was assisted by David Murphy and Monica Wonus with CBRE Industrial & Logistics.
The portfolio was fully occupied at the time of sale.
“Each of these infill buildings sit in Orlando’s highly desirable Southeast Orange County submarket, providing distribution users with excellent transportation linkages to South Florida via the Florida Turnpike, to Tampa and Jacksonville via Interstate 4, and the east coast of Florida using the Beachline Expressway (SR 528). The buyer will be able to capitalize on the high tenant demand and rapid rent growth we are seeing in Southeast Orlando,” said CBRE Vice Chairman Lobón.