JLL Brokers Sale of 213 KSF Orlando Warehouse
- Jul 14, 2017
JLL closed on the $8.85 million sale of 2100 Directors Row, a 213,290-square-foot warehouse distribution building within Orlando Central Park, one of Florida’s largest industrial parks with approximately 12.5 million square feet of product. JLL represented the buyer, Exeter Property Group, a real estate investment manager focused on industrial properties across North America and Europe. Cambridge Hanover is the former owner of the building.
2100 Directors Row is located minutes from downtown Orlando and provides easy access to Interstate 4, the Florida Turnpike and the 528 Beachline Expressway, as well as to the city, the airport and other regional distribution points.
“This high-quality multi-functional warehouse facility is well positioned to continue benefiting from Central Florida’s thriving industrial sector and is a strong asset for Exeter’s growing Florida portfolio,” said JLL Vice President Josh Lipoff in a prepared statement.
The warehouse is a 100 percent HVAC facility that sits on 8.5 acres. The industrial building includes 25 dock-high doors, concrete tilt up block, separate shipping and receiving dock areas, excess trailer storage and a parking ratio of four spots for every 1,000 square feet leased.
Cambridge Hanover purchased the facility back in 1995 from Eckerd Drugs. The company completed substantial renovations to the property, including re-roofing, repaving and upgrading the building. Subsequently, the renovated facility was leased to AmerisourceBergen Services Corp., a $28 billion publicly traded company involved in wholesale drugs.
Lipoff and JLL Executive Vice President Joe Hills represented the buyer in this transaction.
Image courtesy of JLL