October 1, 2019
Winter Garden Commerce Center, a recently-completed, Class A, four-building, multi-tenant industrial park in the Orlando-area community of Winter Garden, FL, has traded hands. The 140,929-square-foot asset was divested by WGCC Properties, LLC for a record-setting price per square foot for an industrial sale in Orlando, reportedly to KKR for $21.6 million.
Situated on 9.67 acres at 661, 671, 681 and 691 Garden Commerce Parkway, the property is 15 miles west of downtown Orlando and within the NW Orange County Industrial submarket. Constructed in 2018, the 94.9%-leased asset features 20- to 24-foot clear heights, 36 dock-high doors, 36 grade-level doors, four ramps, a 140-foot shared truck court and averages a 16.1% office finish.
JLL’s Bret Felberg, Britton Burdette and Pete Pittroff handled the sale. JLL has also been selected as the exclusive leasing partner and property manager provider. The JLL leasing and property management team will include Wilson McDowell, Matthew Sullivan and Bobby Isola.
For comments, questions or concerns, please contact Dennis Kaiser