Lee & Associates Central Florida Closes Industrial and Land Transactions
ORLANDO/GROVELAND, Fla.—July 17, 2014—The Orlando office of Lee & Associates, one of the nation’s largest broker-owned firms in the nation, closed on a 121,440 square-foot industrial complex in Orlando and a 62.6 acre land parcel, located in Groveland, Fla.
Sher Tolan, VP and principal of Lee & Associates Central Florida, who negotiated both transactions, represented the buyer, Christie Lites Orlando, LLC, in the $2.429 million purchase of the Industrial complex, located at 2479 Eunice Ave., Orlando. The sellers, Carl J. Strang, David P. Lyons, John H. Grey and John Gray Jr., were represented by Jay Rohr of MetroOne Inc.
The land sale, which is located in Langley Industrial Park on Republic Drive, was sold for $725,000. Tolan represented the seller, TD Bank. The buyer, Suncoast Projects, LLC dba Hub Steel, was represented by Wilson McDowell of Colliers Arnold.
“This Property came together just perfectly for my value-conscious client, who had been searching for the ideal location for his very prosperous stage lighting company, Christie Lites, headquartered in Orlando,” said Tolan.
Regarding the land sale, Tolan said: “This sale, which is proposed to be improved with a construction materials processing plant, was in foreclosure and the proximity to the turnpike was a big plus for the buyer.”
About Lee & Associates
Celebrating more than 35 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 49 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin. With more than 750 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information is available at www.lee-associates.com.