Lincoln Property Hired to Manage, Lease, Sell 388,367-Square-Foot Portfolio
- May 14, 2012
By Georgiana Mihaila, Associate Editor
GE Capital Real Estate recently assigned management, leasing and sales duties for a substantial portfolio of office/flex properties to Lincoln Property Company Southeast. The portfolio, encompassing 388,367 square feet, consists of three properties, all located in Orlando. While in 2010, GE Capital Real Estate foreclosed on this portfolio, the company recently decided to change real estate service providers.
The largest of the three properties is the Airport Business Center, a six-building, 176,894-square-foot asset located five minutes from the Orlando International Airport. In terms of size, the Longwood Business Center follows—it is a seven-building, 130,868-square-foot complex, located near downtown Orlando and adjacent to the South Seminole Hospital. The third property in the portfolio is the North Lake Business Center, a 80,605-square-foot property that offers rear-loading in many of its units and features 14-foot to 16-foot clear heights. With buildings that feature block and metal construction, the North Lake Business Center offers two parking slots for each 1,000 square feet of space.
“These properties feature convenient access to many of the major points in the Orlando market and offer many amenities to tenants,” added Scott Stahley, senior vice president of Lincoln Property Southeast. “With our expertise and the appeal of the properties, we are confident we will bring tremendous value to our client.”
Dallas-based Lincoln Property Company, a diversified commercial real estate company, employs over 4,000 people. Since its inception in 1965, Lincoln has developed over 34 million square feet of commercial office space, over 6 million square feet of specialty retail space and 49 million square feet of industrial space. Also a leader in owned and fee management, Lincoln currently manages over 125 million square feet of commercial property.
Image: North Lake Business Center, Courtesy of Wilbert News Strategies
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