Cushman & Wakefield announced today that its Florida Capital Markets Group, which represented Duke Realty and institutional investors advised by J.P. Morgan Asset Management, closed the sale of Millenia Lakes, a three-building, 415,909-square-foot, Class A suburban office portfolio south of downtown Orlando. The property also includes two pad-ready development sites totaling roughly 12.5 acres. A fund managed by Cornerstone Real Estate Advisers was the purchaser of the portfolio.
āInvestor interest in these exceptional properties was extraordinarily high which is a reflection of their high quality, strong tenancy and outstanding location,ā said Michael Lerner, Senior Director for Cushman & Wakefield. Mr. Lerner. āInvestor demand for quality office assets in Orlando is the strongest it has been since the economic downturn began almost seven years ago.ā
The property offers an on-site fitness center, a walking/jogging nature trail around Millenia Lake and parking for 920 vehicles.
