Orlando

The deal for the 120-unit property in this Jacksonville suburb calculated out to approximately $90,400 per unit.

Berkadia arranged the sale and acquisition loan for the property located in Orlando's Winter Park suburb near Full Sail University, Rollins College and the University of Central Florida.

Glenmont Capital Management and Arlington Properties sold the Class A community, which they developed in 2017, to an undisclosed buyer.

The Midpoint Miami Logistics Park development can be a built-to-suit facility for a large single-tenant user or a two-building industrial park for medium to large users.

The average overall market rent for the region stood at $6.50-a-square-foot, a 1% increase versus last quarter, and a 6.2% increase versus the same period last year.

Denholtz Properties, which has a portfolio of office, industrial and retail space in New Jersey, Pennsylvania and Florida, also announced the sale of a parcel of land adjacent to its 1000 N. Ashley Avenue office building in Downtown Tampa to Mill Creek of Boca Raton, FL.

The opening is part of a plan to make BIZCENTER USA a national co-working and virtual office franchise.

"The demand for retail investments in Jacksonville is very strong," says JLL's Brad Peterson.