Harbert Management Corporation Acquires Cypress Park Industrial Park In Orlando For $40.5M

The industrial property known as Cypress Park, located at 9500-9901 Satellite Boulevard in Orlando, Florida, was sold for $40,500,000. Spanning 256,838 square feet on 23.47 acres, this fully occupied industrial park offers functional warehouses with strategic access in an established industrial area in Orlando. The sale was facilitated by JLL Capital Markets, with the buyer being Harbert Management Corporation and the seller represented by JLL's team led by Managing Director Luis Castillo, Senior Director Cody Brais, and Analyst Taylor Osborne.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $40,500,000
• Address: 9500-9901 Satellite Boulevard
• Market: Orlando
• Asset Type: Industrial
• Acres: 23.47
• Buyer: Raymond J. Harbert - Harbert Management Corporation
• Brokers: Cody Brais, Luis Castillo & Taylor Osborne - JLL
• Total Square Footage: 256,838
• Price per Square Foot: $158

JLL Capital Markets played a crucial role in orchestrating the sale of Cypress Park. The buyer of the industrial property was Raymond J. Harbert from Harbert Management Corporation, while JLL's team, comprising of Cody Brais, Luis Castillo, and Taylor Osborne, represented the seller in this transaction. The acquisition of Cypress Park, a notable industrial complex in Orlando, Florida, demonstrates the strategic investment vision of Harbert Management Corporation in expanding its commercial real estate portfolio.