PCCP LLC Secures Loan On Orlando Commercial Property With Synovus Financial

The transaction involves the acquisition of Resource Square One and Three, two fully occupied commercial buildings located at 13501 Ingenuity Dr and 12001 Research Parkway in Orlando’s Central Florida Research Park. The total square footage of the buildings is approximately 245,000 square feet. This sale was facilitated for $50.4 million.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $50.4 million
• Address: 13501 Ingenuity Dr, Orlando, FL, 32826
• Market: Orlando
• Borrower: PCCP LLC
• Lender: Synovus Financial
• Borrower's Representative: Maxx Carney-JLL
• Seller: TerraCap Management LLC
• Buyers: Crocker Partners LLC and PCCP LLC
• Square Footage: Approximately 245,000
• Location Proximity: Near University of Central Florida and Fla. State Routes 50 and 408
• Building Ages: Resource Square One constructed in 1999, Resource Square Three delivered in 2003

The JLL Capital Markets team represented the seller and successfully procured the buyer in the transaction. Notable members of the JLL team include Ike Ojala, Hermen Rodriguez, Robbie McEwan, and Matt McCormack. Additionally, JLL’s Maxx Carney and Reid Carleton were instrumental in securing a seven-year, floating-rate acquisition loan for the buyers with Synovus Financial Corp.