UBS Global Real Estate has finalized a deal to acquire the newly completed mixed use Crescent Central Station apartments in downtown Orlando for $60.5 million. Having sold for $216,846 per unit, the 279-unit Class A apartment community is located at the intersection of North Orange Avenue and Amelia Street. Built next to the the Lynx Central Station SunRail stop, the project features include one to three-bedroom units and a walkway to Central Florida’s SunRail commuter rail. The building also includes 12,000 square feet of ground-level retail leased to tenants, including Dunkin’ Donuts, Philly Connection and Ugrean. The sale was part of a larger portfolio sale of assets from Charlotte, N.C.-based Crescent Communities LLC.
