ORLANDO—Orlando has been a tourist hot spot for decades. Now the booming tourist industry is driving investor spill over into commercial real estate segments beyond hospitality. Namely, office.
JLL represented Lexington Property Trust, in the sale of Sea Harbour Office Center, which is located in the heart of Orlando's tourist corridor. Northridge Capital acquired the eight-story class A office building for $64.675 million.
JLL's financing team also secured a $40 million loan through Wells Fargo for the buyers. JLL international director Jubeen Vaghefi and managing directors Jeff Morris and Denny St. Romain, along with senior vice president Charles Crapse and vice president Bret Felberg led the team.
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