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Developer scoops up site in UCF's Research Park

A Georgia-based developer that has been active in metro Orlando — particularly within the student housing sector — has scooped up a new site near the University of Central Florida. ....

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Preferred U.S. government developer buys Bradenton business park for $11.1 million

The business park’s high-quality office space, appearance and location make it a Class A property. It attracted several competitive offers from developers of various types, including medical and retail.
Morgan Johnson Commerce Park, LLC, a privately-held investment group affiliated with Stuart-based New Market Strategies, LLC, was represented by Paul Carr, Todd Tolbert and Lori Hellstrom of Colliers. The buyer was self-represented in the transaction.
“Given the dynamics of the location, stabilized income stream and development upside potential, the property generated significant interest and multiple competitive offers, said Paul Carr, executive managing director of Investment Services for Colliers. It was a great fit for this buyer because it further grows their portfolio of U.S. government-occupied properties while satisfying a 1031-exchange requirement.” ....

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