Lincoln Property Company Receives Large Management, Leasing and Sales Assignment from GE Capital Real Estate
Lincoln Property Company Southeast has received an assignment from GE Capital Real Estate to manage, lease and sell a 388,367-square-foot portfolio of office/flex properties in Orlando, Florida. GE Capital Real Estate foreclosed on this portfolio of properties in 2010 and recently decided to change real estate service providers. The portfolio encompasses three properties:
• Airport Business Center. This six-building, 176,894-square-foot property is located only five minutes from the Orlando International Airport.
• Longwood Business Center. This seven-building, 130,868-square-foot complex is located directly adjacent to the South Seminole Hospital and is near downtown Orlando and the airport. It features multiple entry points from W SR434.
• North Lake Business Center. This 80,605-square-foot property offers rear-loading in many of the units and features 14-foot to 16-foot clear heights. With buildings featuring block and metal construction, the business center also has more than two parking slots for every 1,000 square feet of space.
“We are honored and thrilled that GE Capital Real Estate has entrusted us with this fantastic portfolio,” said Joe Rossi, Senior Vice President of Investment Services, who will handle the disposition assignment for Lincoln Property Company Southeast.
“These properties feature convenient access to many of the major points in the Orlando market and offer many amenities to tenants,” added Scott Stahley, Senior Vice President of Lincoln Property Southeast. “With our expertise and the appeal of the properties, we are confident we will bring tremendous value to our client.”