Cushman & Wakefield announced today that its Central Florida Capital Markets Group has represented Boston-based Guggenheim Real Estate in the sale of Primera IV, a four-story, 121,712-square-foot office building located in the prestigious Crescent at Primera office park in Lake Mary, FL, 15 miles north of downtown Orlando. Miami, FL-based Banyan Street Capital Partners 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 Guggenheim Real Estate in the transaction. The sale price was $13,700,000 of $113 PSF.
“Primera 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, “Primera IV’s exceptional design, architectural features and campus setting continues to appeal to image conscious tenants desiring reasonable priced office space.”
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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.