Foundation Park
ALACHUA, FL—One of the largest single office transactions in this market closed as part of a 1031 exchange recently. Alachua Foundation Park Holding LLC was the seller of the biotech and life science research facility, which is located in Foundation Park, and the buyer was HF Holdings Colorado, LLC. Financing was provided by Valley Bank's Orlando office and Avison Young brokered the $12 million transaction.
Avison Young Principals Rick Cain and Nick Banks, who is also managing director of the firm's Gainesville office, worked on behalf of the seller.
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