ORLANDO, FL– Cushman & Wakefield of Florida, Inc. announced that Panther Properties Investment, LLC has completed the purchase of the 352 unit Victoria Manor Apartments (top left photo), located in Lakeland, Florida for $36,500,000 or $103,693/unit. Victoria Apartments is located in Lakeland, Florida, between Tampa and Orlando less than one mile south of Interstate 4. Cushman & Wakefield represented both the buyer Panther Properties and PacLand Development, the seller.
Cushman & Wakefield’s Orlando Apartment Brokerage Services team led by Jay Ballard (middle right photo) and Ken Delvillar (middle left photo), negotiated the sale between buyer, Panther Properties and seller PAC LAND Development.
“As a result of representing developers in their acquisition of sites for development as well as selling existing multi-family assets for over 25 years, we knew early on that this asset would be a possible candidate for a sale” Ballard said.
“We worked this asset for over two years, and when the owner indicated a willingness to consider an “off-market” offer, we presented the asset to Panther and they stepped up to the plate”
Built in 2007 by PAC Land Development, this Class A, institutional quality community rests on 23.31-acres and features a state-of-the-art fitness center, an indoor basketball court, an air conditioned racquetball court, car wash, two off-leash pet walks, pet wash, Tiki bar, resort style pool, spa, and private cabanas.
ORLANDO, FL– Cushman & Wakefield of Florida, Inc. (C&W) Office Brokerage Associate Betsy Owens (lower right photo) announced a new lease for Tropical Smoothie Café in University Tower in Research Park.
Owens represented the landlord in the 1,064 sf, seven-year deal, and the tenant self-represented.
Tropical Smoothie Café is a franchise with more than 100 locations throughout the southeast.
Contact: Brook Hines, Tel: 407-541-4401, brook.hines@cushwake.com
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