MAITLAND, Fla. --- NAI Realvest recently negotiated the sale of an 8.39-acre mixed-use site at 205 Celebration Place in Celebration for $1 million.
Patrick Mahoney, president of NAI Realvest, said NAI Realvest principals Kevin O’Connor and Matt Cichocki negotiated the REO sale representing the seller.
The Celebration Company of Lake Buena Vista acquired the site, situated at the Celebration office park that fronts on US-192. The buyer was not represented by a broker.
Cichocki said the Celebration Company originally sold the property to an office developer in 2006 for $2,850,000.
Earlier this year Cichocki and O’Connor negotiated a $1,000,000 purchase contract with a retail developer which prompted The Celebration Company to exercise a right of first refusal it retained on the property in the event it was not developed.
Currently there are no plans to develop the property but Cichocki says the property will likely be developed in the future as a mixed use concept with restaurant and office users.
About NAI Realvest
NAI Realvest, serving all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 350 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com
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