Core investment market remains hot as Cushman & Wakefield negotiates sale of the Suntrust building in Downtown Orlando for $23.5M

ORLANDO, FL – Sept. 10, 2010 – Cushman & Wakefield has successfully negotiated the sale of the SunTrust Building, (top left photo)  situated within the prestigious SunTrust Center Complex, which is located in the center of Orlando’s Central Business District at the intersection of Orange Avenue and Church Street.

The SunTrust Building is a Class A, 128,296 square foot, 10-story office building that is currently 100% occupied by SunTrust Bank.

Originally built in 1959, the Property was fully renovated in 1988.

Mike Davis, (lower right photo) Executive Director of C&W’s Southeast Capital Markets Group, was quoted as saying, “The capital markets view Orlando positively from a long-term investment perspective. Accordingly, well-positioned core assets are in high demand.”

 Davis and Rick Brugge, CCIM, Associate Director of C&W’s Southeast Capital Markets Group negotiated the sale on behalf of the seller, KanAm Grund America. The buyer is Wells Real Estate Funds.

Contact: Marcianne Foster, 813-204-5345, Marcianne.Foster@cushwake.com