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This is One Of The Largest Industrial Deals in Orlando in 2016

ORLANDO— Prior to this deal, the complex had not changed hands in 33 years.

By Jennifer LeClaire | jenniferleclaire | | Updated on May 09, 2016
2515 Shader marks one of the largest industrial deals of 2016 in Central Florida. 2515 Shader marks one of the largest industrial deals of 2016 in Central Florida.
ORLANDO—Shader Industrial Park, a four-building 300,000-square-foot industrial park in Northwest Orlando, just traded hands. The sale price may not make your jaw drop, but at $10.7 million it still qualifies as one of the largest industrial deals in Central Florida this year. Hanover Platinum acquired the industrial asset. Cite Partners represented the buyer. Cory Kroeger and Greg Rebman of KR Properties represented the seller. “The buyer, Hanover Platinum, a local group of well-seasoned investors, is excited for the opportunity with Shader Industrial Park,” Wilson McDowell , managing director and principal of Cite Partners, tells GlobeSt.com. “It is well-located, infill industrial development with lots of potential.” Prior to this deal, the complex had not changed hands in 33 years. Orlando Shader Realty Associates was a previous owner of the industrial asset, which is suitable as an industrial and distribution hub in Orlando. The multi-tenant industrial complex is 90% occupied. Shader Industrial Park has warehouse and distribution space, as well as showroom space. The warehouses are 32′ dock high at peak. The central location is close to Interstate 4, John Young Parkway, and Highway 441. Orlando’s industrial market is still hot. Just last week, O-town saw a history-making industrial deal .

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