A joint venture between IP Capital Partners and Blue Vista Capital Management has secured $13.6m for a class A, multi-tenant industrial property in the Orlando suburb of Lake Mary. The property, Innovation Center at Lake Mary, is a 565,927 sq ft warehouse that features clear heights ranging from 22 to 34 feet, 50 dock-high doors and three grade-level doors. The property is in Lake Mary’s high-tech corridor and situated along Interstate 4, 10 miles north of downtown Orlando. Holliday Fenoglio Fowler placed the floating-rate loan through NXT Capital. The funds will be used to finance the acquisition of the property and undertake a capital improvement project.
