A joint venture between Maitland, FL-based Kirkman Raleigh Investors and Equinox Development Properties has picked up a 9.5 acre strip of land in Orlando for $4.419 million. The land is located at the entrance of the MetroWest master-planned community at the corner of Kirkman Road and Raleigh Street. The buyers intend to develop a Wawa and 24-Hour Fitness on the site with the potential for additional retail. Construction on the development, to be named Kirkman Station, is expected to begin in the first quarter of 2017. Cushman & Wakefield represented the seller, Salt Valencia Properties, during the transaction. “The high traffic count on Kirkman Road, the proximity of Valencia College with almost 30,000 students and approximately 3,300 nearby multifamily units assure the success of this development,” said Senior Director Margery Johnson, Cushman & Wakefield.
