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Florida & Gulf Coast  + Central Florida  + Apartments  | 

CushWake Arranges $8M Sale of Leesburg Apartments

Cushman & Wakefield has arranged the $8 million sale of Sunwood Village, a 78-unit apartment community in Leesburg. Located at 1 & 39 Herald Drive, the property includes one- and two-bedroom apartments with an average size of 917 square feet.

Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the seller, ESO Equity Group, in the transaction. Insula Companies, a Sarasota, Florida-based firm specializing in apartment community acquisition and revitalization on behalf of investors, acquired the property.

“The sale of Sunwood Village is another prime example of investors targeting alternate smaller markets in Florida that are experiencing tremendous growth,” said Donaldson. “Leesburg has benefited from its proximity to the Villages and Orlando, two of the fastest growing markets in the country in the last few years. With little current and forthcoming multifamily inventory in Leesburg, the market has few Class B fully market-rate communities, making Sunwood Village a prime repositioning opportunity.”


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.