2017-2018
Our team offers expert seller representation services and solutions in Central Florida. We work to ensure that our unique solutions meet the needs of our clients, whether they are selling a property or looking for office space. Several examples of previous closed transactions are listed below.
Vacation Innovations | Orlando, FL - SouthPark | $8,250,000+ | 33,838±SF | Dec 2018
Vacation Innovations originally purchased the property in May 2007 to occupy as their corporate headquarters. The property was acquired at market-high pricing just months before the Great Recession and downturn of the real estate market. Ten years later, the owner approached Colliers seeking to monetize the property. The building is located in the SouthPark office submarket, one of Orlando’s most attractive institutional investment markets, however, the asset posed many challenges including the fact that the tenant operated exclusively in the timeshare industry. To learn more about how the Rossi-Campton team found an effective solution, click below.
Capital Commerce Center | Tallahassee, FL | $40,000,000+ | 260,867±RSF | Jan 2018
TerraCap Management, LLC originally purchased the Capital Commerce Center at auction 100% vacant in December 2013. Within three years, TerraCap leased the asset to 98% occupancy, with 87% leased to the State of Florida’s Department of Business and Professional Regulation (DBPR). The DBPR was in the process of executing a 10-year lease extension, which required significant tenant improvements and leasing commissions. The client, TerraCap, asked for assistance in evaluating multiple lease scenarios during negotiations to determine what would maximize value upon exit. As with most State of Florida leases, there were standard termination rights with a 6-month notice for both the appropriations and in the event the State had other usable space available, which was apt to cause concern for most investors.
Click below to learn more about the approach our team came up with while working with Colliers’ Government Solutions Practice Group out of Atlanta and Washington.
Parkway Commerce Center | Orlando, FL | $5,050,000+ | 92,575±SF | Oct 2017
Parkway Commerce Center is a 92,575 RSF, Class B flex office property located in a prime central Orlando location. The property had some challenges, such as small-bay flex with a heavy 57% office build-out (which would be perceived as unattractive in the market), poor visibility from the main road, and high vacancy requiring heavy capital requirements to lease up and stabilize. Click below to read the success story on how the Rossi-Campton team maximized the asset’s value and sold the building in late 2017.
6550 Hazeltine national drive (Former siemens warehouse)
Orlando, FL | $5,050,000+ | 92,575±SF | Aug 2017
6550 Hazeltine National Drive is a 120,000 RSF, Class A industrial property located near the Orlando International Airport. It had served as a parts depot for Siemens’ generator division for the last 15 years. However, in early 2017, the tenant elected to consolidate into another location and vacated the building. Our client, American Realty Investors, engaged our team to evaluate the best way to monetize the asset after having owned it as a passive NNN investment since its original occupancy by Siemens. Click below to find out more information.