B Developments Acquires Office In Orlando For $16.7M

The multi-tenant office complex located at 6101 Chancellor Dr, Orlando, FL, 32809, known as Lakefront I and II, spans 192,654 square feet on 16 acres within Orlando Central Park. Brookwood Financial Partners sold the property for $16.7 million to Miami-based B Developments. Benefit Street Partners facilitated the deal by securing $10 million in acquisition financing. The campus includes four buildings constructed between 1986 and 1988, with extensive renovations carried out by Brookwood post its acquisition in January 2012.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,700,000.00
• Seller's Representative: Marty Busekrus (Ciminelli Real Estate Services)
• Buyer: B Developments
• Square Footage: 192,654
• Market: Orlando

Marty Busekrus, who previously served as a director at HFF's Miami office, represented the seller in the transaction. Thomas Brown, the President & Director of Real Estate Acquisitions at Brookwood, attributed the successful sale to the property's prime location in the South Orlando submarket, its superior parking ratios, and the diligent efforts of the management and leasing teams. Brookwood, with a current Florida portfolio of nine office buildings across various cities, is also set to expand with a pending acquisition of a 15-building office portfolio in Bonita Springs and Fort Meyers.