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Florida & Gulf Coast  + South Florida  + Apartments  |  March 16, 2021
David Cohen
By: David Cohen

CushWake Arranges $11M Sale of Altamonte Springs Apartment Community

Cushman & Wakefield has brokered the $10.9 million sale of The Studios at Uptown, a 108-unit, all-studio apartment community in Altamonte Springs, FL.

Located at 245 Loraine Drive, the property is currently 97% leased. Amenities include a swimming pool with a sundeck, tennis courts and on-site laundry facilities on each floor.

Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the seller, Axiom Realty Partners, in the transaction. Denny St. Romain, Charles Crapse and Alex Kupp of Cushman & Wakefield represented the buyer, Ty and Tovah Lohman of Ormond Beach. Acquisition financing for the sale was secured through Ameris Bank.

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Inside The Story

CushWake’s Donaldson

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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