NAI Realvest Handles Sale of Land for New Apartments

NAI Realvest brokers Jon D. Walls, RLA, MiCP, Development Services Director and Sales Associate, and Paul P. Partyka, CCIM, MiCP, CIPS, Partner, represented the seller, Oats Creek, LLC, in the sale of an infill lakefront property located at the corner of Princeton Street and Mercy Drive, in Orlando, Florida. The property is west of the new Dr. Phillips Packing District on John Young Parkway. The 31-acre property sold for $2,100,000.
The buyer, Code RE Partners, Inc., have received approval from the City of Orlando for a four story, 400-unit market rate apartment complex with 10 buildings and an amenity area. Code RE, Inc., based in Windermere, FL, owns a nearby apartment complex as well as 7,500 apartment units throughout the United States.
The project’s civil engineering firm is Kimley Horn and the architect is Group 4 Design, Inc.

For more information media should contact

Jon D. Walls, RLA, MiCP, Development Services Director, NAI Realvest 407-875-9989, jwalls@realvest.com

Paul P. Partyka, CCIM, MiCP, CIPS, Partner, NAI Realvest 407-875-9989, ppartyka@realvest.com

About CCIM

“CCIM stands for Certified Commercial Investment Member. For more than 50 years, CCIMs have been recognized as leading experts in commercial investment real estate. The CCIM lapel pin denotes that the wearer has completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry.”