Louisville, CO-based Arsenault Holdings has closed on a $17.2 million purchase of the Northlake Business Park in Altamonte Springs. Located 20 minutes north of downtown Orlando on Northlake Blvd., the 270,000 sqf park traded for just under $64 per sqf. Two of the buildings in the complex were built in 1981, with the third completed two years later. The complex has easy access to both Interstate 4 and State Road 436. The seller of the asset was TR North Lake LLC, an entity related to Chicago-based global real estate investment manager Cornerstone Real Estate Advisers.
