Tim Healy Of Holladay Properties Purchases Westwood Corporate Center In Orlando For $14.15M

The property involved in this transaction is the Westwood Corporate Center located at 6700 Forum Drive in Orlando, FL. This industrial asset encompasses three buildings with a total area of 110,000 square feet. The sale price was $14,150,000, translating to a price per square foot of $129.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,150,000
• Buyer: Tim Healy - Holladay Properties
• Seller: David Schiff - Innovatus Capital Partners
• Square Footage: 110,000
• Price Per Square Foot: $129
• Market: Orlando, FL

Tim Healy, representing Holladay Properties, led the acquisition from David Schiff, who represented Innovatus Capital Partners. The transaction marks a significant decrease from the seller's initial purchase price of $57.9 million in 2018. Holladay Properties plans to maintain the complex as a flex/office space rather than moving forward with previously approved redevelopment plans for apartments.