MIAMI—Heathrow International Business Center, which includes six class A office buildings located in suburban Orlando, has traded hands. Financial terms of the deal were not disclosed.
Cushman & Wakefield's Capital Markets team of vice chairman Mike Davis, executive director Michael Lerner and executive director Rick Brugge represented a fund advised by New York-based DRA Advisors in the disposition. A controlled affiliate of Starwood Global Opportunity Fund XI acquired the asset in an exclusively negotiated, off-market transaction.
“The strong location and high-quality tenancy will continue to enable Heathrow International Business Center to attract users seeking first-rate, well-located and well-priced suburban office space,” Davis tells GlobeSt.com. The office campus is 91% leased.
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