NGKF Facilitates Three Orlando Transactions

NGKF Capital Markets has recently brokered the sale of three Orlando assets for a total of nearly $100 million.

By Balazs Szekely, Associate Editor

Vista Centre Shoppes
Vista Centre Shoppes

NGKF Capital Markets has announced the completion of three separate investment sales transactions within the Orlando metro area. A team comprising Executive Managing Directors Adam Greenberg and Michael Lapointe, Managing Director Michael Lohmann, Senior Financial Analyst Scott Gordon and Senior Transaction Specialist Stephanie Ceballos of the firm’s Miami office closed the sale of a retail shopping center near Disney World and two multi-housing assets in suburban residential markets within the metro.

Most recently, the team closed the $21.2 million sale of Vista Centre Shoppes, a 98,411-square-foot shopping center. The firm worked on behalf of GL Orlando Vista LLC, a private South Florida real estate investment firm. TSO Vista Centre was the seller. The property is located in the Disney World area, in one of the most frequented tourist corridors within the Orlando market. Vista Centre Shoppes, which is anchored by tenants like Black Fire Brazilian Steakhouse, Sea Dog Brewing Company and Hooters, was nearly 90 percent occupied at the time of sale.

In addition, the same NGKF team previously closed on two multi-housing transactions on behalf of the seller, CWCapital Asset Management LLC. Located in two suburban residential markets within the metro Orlando area, Victoria Place Apartments and Charter Pointe Apartments sold for a combined sales price of $71 million featuring a total of 676 units.

Image source: CityBizList South Florida