Cushman Wakefield Commercial Real Estate Video Project
Cushman Wakefield Senior Director Ken Delvillar and Executive Director Jay Ballard represented a joint venture of Boston-based Panther Properties sold Orlando-based Integra Land Company in the disposition valued at $67.9 million ($178,700 per unit). New York-based Praedium Group was the buyer.
“The asset is one of many over there in the I-Drive corridor that had a few competitive lease-ups,” Delvillar told OBJ, adding that the property was nearly 90 percent leased at the time of the sale. “It spent about seven weeks on the market, which is a little longer than normal but we wanted it to get more exposure.”