Investcorp Sells Orlando Industrial Park for $40M
Harbert Management Corp. has acquired a five-building industrial park in Orlando, Fla., for $40.5 million. Cypress Park totals 256,838 square feet.
According to CommercialEdge data, the seller was Investcorp. The company acquired the industrial park in 2021 for $28 million. The fully occupied buildings were completed in three phases between 1987 and 1997.
Cypress Park is situated at 9500-9901 Satellite Blvd., on a 23-acre lot. Downtown Orlando is within approximately 11 miles. The Orlando International Airport is less than 10 miles from the industrial park.
READ ALSO: The Expansion of Flex Warehousing Solutions
Cypress Park includes 230 car parking spaces, a 100- by 100-foot truck court, loading doors, dock levelers and dock bumpers. The rear-loading buildings feature 20- to 24-foot clear heights.
Tenants include Think Simple, Centi Orlando, Redox Transport, BSG, ATI Restoration, CFL Roofing, Gallery Furniture, Airstar, Sherwin-Williams, Safety Shoe Distributors, Big City Catering, Concentra and Randstad, according to the same data.
JLL represented the seller in the deal and procured the buyer. The JLL Capital Markets team was led by Managing Director Luis Castillo, Senior Director Cody Brais and Analyst Taylor Osborne.
Also taking place on the industrial scene in Orlando, Stonemont Financial Group is currently developing a 259,000-square-foot campus that will include seven buildings. Scheduled for delivery in the fourth quarter of this year, the campus will serve small- to mid-size tenants.
The post Investcorp Sells Orlando Industrial Park for $40M appeared first on Commercial Property Executive.
