Tuesday, May 17, 2011

CBRE Orlando Closes Sutton Place Apartments

ORLANDO, FL--CB Richard Ellis is pleased to announce the sale of Sutton Place (top left and bottom right photos) for $18,180,000.

Built in 1986, this gated community features 288 units in the Winter Park submarket of Orlando.

 The property was 93% occupied at closing, and features two swimming pools, a fitness center, and racquetball and tennis courts.

Shelton Granade and Luke Wickham of CBRE’s Central Florida Multi-Housing Group exclusively represented the seller, and have closed over $154,000,000 in Orlando thus far in 2011 – more than the next three competitors combined.

Buyer interest in multi-housing assets in Central Florida has increased significantly.

For further information, please contact the Central Florida Multi-Housing Group of CB Richard Ellis:

Shelton Granade T 407.839.3103 shelton.granade@cbre.com
Luke Wickham T 407.839.3130 luke.wickham@cbre.com

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