Florida & Gulf Coast | June 4, 2020

Westside Capital Acquires Orlando MXU Property for $45M

Real estate investment holding firm Westside Capital Group has acquired The Residences at Veranda Park, a mid-rise mixed-use property composed of 150 luxury apartments and 48,385 square feet of commercial space located in the MetroWest neighborhood of Orlando. The sales price was $45 million.

Built in 2008 and located at 2121 South Hiawassee Rd., The Residences at Veranda Park is a five-story mid-rise property on more than two acres featuring one, two and three-bedroom units. Amenities include two fitness centers, two spas and 482 parking spots within the building. The property neighbors the Publix-anchored MetroWest Village and the MetroWest Golf Club, with immediate frontage to Hiawassee Road.

Evan Kristol, Jason Hague and Duane Anderson of Marcus & Millichap represented Westside Capital in the transaction. In addition, Charles Foschini of Berkadia’s Miami office arranged a $31.5 loan for the acquisition of the property through Freddie Mac. The seller was not disclosed.

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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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