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Florida & Gulf Coast  + Industrial  |  June 7, 2019
David Cohen
By: David Cohen

CBRE Handles Altamonte Springs Industrial Complex Deal

CBRE arranged the $14.8 million sale of Altamonte Commerce Center, an eight-building, 185,000-square-foot industrial complex in Altamonte Springs. Located at 217-311 Altamonte Commerce Blvd. and 620-658 Douglas Ave., the property has a high occupancy rate and is approximately 10 miles north of downtown Orlando.

David Murphy and Monica Wonus of CBRE represented the seller, EastGroup Properties, in the transaction. The seller was SunCap Opportunity Fund, an investment firm based in Fort Lauderdale.

“The sales process was highly competitive,” said Murphy. “The incredibly strong demand for this asset confirms that industrial has become one of the most coveted property types for investors looking to participate in the Central Florida market.”

For comments, questions or concerns, please contact David Cohen

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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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