Cushman & Wakefield announced today that it has been named exclusive advisor in the disposition of Palazzo del Lago, a ±41-acre mixed-use development site in the heart of Orlando’s tourist corridor.
The land brokerage team of Senior Director Margery Johnson and Senior Associate Andy Slowik were selected by Chicago-based Highlands REIT, Inc. to market the site for sale.
Palazzo del Lago is a 40.89-acre parcel located on International Drive South, just north of State Road 417 (The Central Florida GreeneWay). The site is ideally situated less than three minutes from Interstate 4, six minutes from Walt Disney World, ten minutes from Sea World and 15 minutes from Universal Orlando.
“Orlando’s impressive visitor numbers and employment figures continue to flourish and International Drive South has witnessed similar growth and development, including the recently completed 314-unit Alexan Crossroads luxury apartment complex to the south,” said Johnson. “Palazzo del Lago represents a rare opportunity for developers to gain control of a site with an unparalleled location and waterfront access to Lake Bryan. We anticipate significant investor interest in the parcel as a result.”
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Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial. com, www.cushmanwakefield.com or follow @CushWake on Twitter.
