Berkadia Negotiates $21.3 Million Sale of Arbour Apartments in Orlando

ORLANDO, Fla. – Berkadia recently negotiated the $21.3 Million sale of the Arbour Apartments at 11000–11600 MacKay Boulevard, only one-half mile from the University of Central Florida in east Orlando. Berkadia’s Florida Partner, Cole Whitaker, led the team of Hal Warren, Berkadia’s Senior Vice President, and Robert Hold, Hold-Thyssen, Inc.’s President, in representing the seller, Arbour Apartments LLC. The buyer was BW Arbour Apartments LLC, based out of New York. The apartment complex was built in 1972 with one and two bedroom units totaling 292,000 rentable square feet in 36 buildings situated on 22.7 acres The transaction included two swimming pools, lighted tennis and basketball courts, fitness center, billiard room and two 24-hour laundry centers.