Land Sale to Support Multifamily Build in Orlando

Old Republic National Title Insurance Co. sold a 19.6-acre parcel in Orlando, FL, to the Richmond Group for $5.7 million. The new owner, headquartered in Greenwich, CT, is planning to build an apartment property on the site at 6201 Corporate Centre Blvd. The Chicago-based seller was represented by Margery Johnson, Andy Slowik, Richard D. Solik and Matthew Mckeever of Cushman & Wakefield.

The site is adjacent to the Lee Vista submarket, north of Orlando International Airport. “The site’s central location and access to numerous restaurants and the area’s premier retail center, Lee Vista Promenade, make it an attractive draw for a new multifamily development,” said Johnson. “It is an extremely well-located, high-quality site with tremendous potential.”

The new apartment community, Orlando Corporate Centre Apartments, will reportedly have 240 units.

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