Property Located in the Prestigious Lake Mary Market, is the Largest Warehouse Building in Seminole County
(HERNDON, VA – August 23, 2011) − American Real Estate Partners (www.americanrepartners.com), a Herndon, VA-based leading fully-integrated private real estate investment company, is pleased to announce its purchase of a Class A institutional quality 565,000 square foot warehouse building in the center of the prestigious Lake Mary submarket of Orlando, Florida. Located at 2452 Lake Emma Road, this is the largest warehouse building in Seminole County and is fully-available due to its former owner/occupant filing for bankruptcy.
“We are tremendously excited by our newest acquisition,” said Doug Fleit, CEO. “This building is located in the most sought-after area in the Orlando market. It has been 100% occupied during its entire lifetime and has some of the highest quality office build out in any warehouse we have seen in 35 years.”
2452 Lake Emma is located just south of the Lake Mary interchange on I-4, an area known for some of the finest retail, office and residential development. The building is fully air-conditioned, which is the most prevalent requirement of industrial tenants in the Orlando market.
“This building has tremendous access and proximity to amenities and is flexible to accommodate tenants of any sizes; this is a dream building for companies that want to be in Orlando,” said Fleit.
David Murphy of CBRE advised American Real Estate Partners in the acquisition of the property. American Real Estate Partners, one of the most experienced real estate operating platforms in the United States, concentrates on commercial real estate assets and real estate financial instruments in markets along the Eastern Seaboard of the United States, including Washington, D.C., Virginia, suburban Maryland, Raleigh-Durham, Philadelphia, New Jersey and New York. The firm’s current holdings total approximately 4.2 million square-feet of Class A office and flex assets.
