CushWake Arranges $315M Orlando Office Sale for AEW Capital

Cushman & Wakefield has completed the sale and financing of SouthPark Center, a 10-building suburban office park totaling approximately 1.25 million square feet in Orlando for $315 million. PPF Real Estate, part of PPF Group, acquired the property.

Cushman & Wakefield’s Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi, with support from Zach Eicholtz, Brooke Tulley, and Ryan Jenkins represented the seller, AEW Capital Management, in the transaction. Brian Linnihan, Jason Hochman, Mike Ryan and Ron Granite of Cushman & Wakefield arranged $233 million of acquisition financing on the transaction.

“PPF Group is an opportunistic family office investor,” said Aaron Smith, managing director for PPF Real Estate U.S. “Thus, the proposition of acquiring large portfolios with strong cash flows, accompanied with development upside, is compelling to us as an investor and remains a strategic priority.”