Pembrook Pines, FL-based Terra Equity Group has completed the $11-million purchase of Tuskawilla Park, a 45-unit, 48,780-square-foot mixed-use property in the Orlando suburb of Winter Springs, FL.
Franklin Street’s Darron Kattan, Zach Ames, Avery Jordan and Mark Savarese brokered the sale on behalf of both Terra Equity Group and the seller, Norfolk, VA-based Cohen Investment Group.
“Tuskawilla Park offered an investor the opportunity to acquire a well-maintained asset with highly desired walkability to numerous retailers, restaurants and services that has helped keep occupancy rates high,” said Kattan. “The property has proven value-add potential, and the ability to continue upgrading unit interiors and community amenities will create the ideal multifamily investment in today’s competitive market.”
