OVIEDO, Fla. – NAI Realvest in Maitland recently negotiated the sale of 54 acres off Mitchell Hammock Road and Oviedo Blvd. in Oviedo that is destined for development as a new urban city center.
NAI Realvest principal Thomas E. Hankins, CCIM, SIOR, and associate Eric Parrs negotiated the transaction representing the seller, GAHA Oviedo LLC of San Diego.
PAC Land Development, a Winter Park firm, paid $6,600,000 to acquire the property, which includes almost all of the land designated in the mixed-use Oviedo on the Park PUD development plan approved by the City of Oviedo and entitled for approximately 1,478 multi-family units, 192,000 square feet of retail facilities and 60,000 square feet of office space.
“PAC Land Development is working diligently with the City of Oviedo to modify the entitlements and phasing, so they can break ground on this project soon,” Hankins said.
“The City of Oviedo is committed to moving the project forward,” Hankins added.
The city is participating in the project with a significant voter-approved contribution to the streetscape and greenscape design and infrastructure, Hankins added.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.