Orlando, FL, February 26, 2014 --(PR.com
)-- Cushman & Wakefield announced today that its Central Florida Capital Markets Group has represented CBRE Global Investors in the sale of Celebration Place IV, a five-story, 125,974-square-foot office building located in the town of Celebration, just 20 miles south of downtown Orlando. TerraCap Management Corporation purchased the Class A office building.
Cushman & Wakefield’s Investment Sales Team comprised of Executive Director Mike Davis, Senior Director Michael Lerner and Director Rick Brugge represented CBRE Global Investors in the transaction. The sale price was $17,877,000 or $142 PSF.
“Celebration Place IV offers the buyer the prospect of achieving excellent returns by increasing occupancy levels and solidifying the property’s status as the premier Class A office building in Orlando,” said Mike Davis. Mr. Davis went on to say, “Celebration Place IV’s award-winning design, architectural features and campus setting in this live/work/play environment appeals to image conscious tenants desiring the South Orlando market.”
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and management assignments. Founded in 1917, it has approximately 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has nearly $4 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.