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October 25, 2019 Comments Off on Foreign Investor Snags 97K-SF Altamonte Springs Office Property Views: 501 Central Florida, Florida News

Foreign Investor Snags 97K-SF Altamonte Springs Office Property

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Colliers International Central Florida has arranged the sale of Premier Point, a 97,119-square-foot office property in Altamonte Springs. Located at 225 and 237 S. Westmonte Dr., the multi-building property was 90% leased at the time of sale.

Alejandro Silbestein of RESMA Miami represented the buyer, Escape 19B LLC, a foreign-based investor, in the transaction. Joe Rossi and T.J. Campton of Colliers represented the seller, the Vista Group of Companies.

“Over the last several years, we’ve seen a great deal of foreign capital investing in the greater Orlando area,” said Rossi, executive managing director of investment services at Colliers International Central Florida. “This can likely be attributed to the significant strides our area has made in population and job growth. Orlando is no longer viewed as a tertiary market. It is a strong secondary market that is getting global attention.”

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