Matthew M. Wideman Of The Wideman Company Acquires Office Tower In Orlando For $92.8M

The property involved in this transaction is located at 333 South Garland Avenue in Orlando. It is categorized as an office asset, spanning 317,560 square feet. The sale price for the property was $92,800,000, equating to a price per square foot of approximately $292. The asset, built in 2019, is also known as the Truist Building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $92,800,000
• Buyer: Matthew M. Wideman - The Wideman Company
• Seller: Robert Mason - Mason Capital Partners; David Binswanger & Clay Duvall - Lincoln Property Company; H. Mason Zimmerman - Pope & Land
• Lender: International Bank of Commerce

The deal was facilitated with a permanent loan of $65 million provided by International Bank of Commerce. The transaction represents the acquisition of a mixed-use office tower by The Wideman Company from a joint venture comprising Mason Capital Partners and Lincoln Property Company, along with Pope & Land Company.