Business park sale fetches highest price tag ever in Orlando office market

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

A 10-building office park in southwest Orlando has notched a record sales price for Central Florida’s office market.

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Boston-based AEW Capital Management LP sold the roughly 1.25 million-square-foot SouthPark Center off of John Young Parkway and Sand Lake Road for $315 million to global investment firm PPF Real Estate, according to a press release.

The sale hasn’t yet hit public records, however, it works out to about $252 per square foot.

Cushman & Wakefield PLC’s Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi, with support from Zach Eicholtz, Brooke Tulley and Ryan Jenkins represented the seller in the deal, the release said.

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The release didn’t name a buyer’s representative, however, Cushman & Wakefield’s (NYSE: CWK) Brian Linnihan, Jason Hochman, Mike Ryan and Ron Granite arranged $233 million of acquisition financing for the deal on behalf of PPF Real Estate, the release said.

The property has been on the market since earlier this year.

Click here to read Anjali Fluker’s story on the Orlando Business Journal’s website.