{"id":1990,"date":"2020-03-09T13:25:24","date_gmt":"2020-03-09T17:25:24","guid":{"rendered":"https:\/\/www.meyer.media\/?p=1990"},"modified":"2020-03-09T13:25:24","modified_gmt":"2020-03-09T17:25:24","slug":"cushman-wakefield-negotiates-67m-sale-of-integra-sunrise-parc-apartments","status":"publish","type":"post","link":"https:\/\/www.meyer.media\/2020\/03\/09\/cushman-wakefield-negotiates-67m-sale-of-integra-sunrise-parc-apartments\/","title":{"rendered":"Cushman & Wakefield Negotiates $67M Sale of Integra Sunrise Parc Apartments"},"content":{"rendered":"
\"Integra<\/a>
Integra Sunrise Parc Apartments<\/figcaption><\/figure>\n

Jay Ballard, Ken Delvillar, Michael Mulkern and Robert Given Represented a Development Partnership of Panther Residential Management, Integra Land Company and CrossHarbor Capital Partners in the Sale of the 300-Unit Luxury Multifamily Community in Suburban Orlando.<\/em><\/strong><\/p>\n

KISSIMMEE, FL, March 9, 2020<\/strong> \u2014 Cushman & Wakefield<\/a> has negotiated the sale of Integra Sunrise Parc Apartments<\/a>, a new 300-unit luxury multifamily community in Osceola County.<\/p>\n

Jay Ballard<\/a>, Ken Delvillar<\/a>, Michael Mulkern<\/a> and Robert Given<\/a> of Cushman & Wakefield\u2019s Florida Multifamily Team represented a development partnership of Panther Residential Management<\/a>, Integra Land Company<\/a> and CrossHarbor Capital Partners<\/a> in the disposition. Bluerock Value Exchange<\/a> acquired the asset for $67 million ($223,333 per unit).<\/p>\n

Integra Sunrise Parc Apartments opened in 2019 and comprises eight four-story residential buildings; a clubhouse; and 10 garage buildings. The property offers a mix of one-, two- and three-bedroom units with an average size of 972 square feet. The community was 83.3% leased at the time of sale.<\/p>\n

Units at Integra Sunrise Parc Apartments feature kitchens with quartz countertops, custom cabinetry, spacious islands and stainless-steel, energy-efficient appliances; bathrooms with granite countertops, custom cabinetry and soaking tubs; and living areas with built-in desks, ceiling fans, screened balconies or patios, walk-in closets with custom shelving, full-size washers and dryers; wood-style flooring and elevated ceilings.<\/p>\n

Community amenities include a zero-entry saltwater pool, a soft turf outdoor yoga studio, a dog park, a gated electronic entrance, a recycling center, gas grills, a bocce ball court, hammocks, a courtyard zen garden, a 24-hour CrossFit gym and fitness studio, an indoor dog spa, a gourmet coffee bar, a clubhouse, a business center, community WiFi, Luxor One package locker system, a virtual golf and multi-sport simulator and an E-lounge.<\/p>\n

Integra Sunrise Parc Apartments is located on a \u00b117.7-acre site at 4701 Luminous Loop<\/a> in Kissimmee. The property\u2019s position in the Hunter\u2019s Creek\/Sunrise City submarket provides residents with excellent access to Orlando\u2019s largest employers. With convenient access to Interstate 4, the Central Florida GreeneWay and Osceola Parkway, residents experience shortened travel times to downtown Orlando, Lake Nona Medical City, NeoCity and other major employment centers.<\/p>\n

\u201cIntegra Sunrise Parc was thoughtfully crafted to create the highest design standards and living experience, which is unmatched in the Hunter\u2019s Creek\/Sunrise City market,\u201d said Ballard. \u201cThis has led to exceptional lease-up activity and extremely strong on-site demographics.\u201d<\/p>\n

Added Delvillar, \u201cThe property has redefined the market standard while offering immediate connectivity to top employers in Orlando\u2019s multifamily market, which continues to exhibit very strong fundamentals.\u201d<\/p>\n

Cushman & Wakefield\u2019s Florida Multifamily Team is directed by Given, and includes Ballard and Delvillar in Orlando; Mulkern, Brad Capas<\/a>, Nick Meoli<\/a> and Mike Donaldson<\/a> in West-Central Florida; and Zachary Sackley<\/a>, Troy Ballard<\/a>, Calum Weaver<\/a>, Neal Victor<\/a>, James Quinn<\/a> and Perry Synanidis<\/a> in South Florida. Robert Kaplan<\/a>, Chris Lentz<\/a> and Mark Rutherford<\/a> facilitate debt, equity and structured finance for the team throughout Florida.<\/p>\n

About Cushman & Wakefield<\/strong><\/p>\n

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit\u00a0www.cushmanwakefield.com<\/a> or follow @CushWake<\/a> on Twitter.<\/p>\n

Media Assets<\/strong><\/p>\n

Integra Sunrise Parc Apartments Photo<\/a>
\nJay Ballard Headshot<\/a>
\nKen Delvillar Headshot<\/a>
\nMichael Mulkern Headshot<\/a>
\nRobert Given Headshot<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Jay Ballard, Ken Delvillar, Michael Mulkern and Robert Given of Cushman & Wakefield\u2019s Florida Multifamily Team has negotiated the $67 million sale of Integra Sunrise Parc Apartments, a new 300-unit luxury multifamily community in Kissimmee, FL<\/p>\n","protected":false},"author":1,"featured_media":1985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[2748,50,2747,218,49,2746,4,700,29,2749,1742,2744,60,57,2165,2105,2227,672,2745,13,35,1745],"class_list":["post-1990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr","tag-4701-luminous-loop","tag-apartments","tag-bluerock-value-exchange","tag-central-florida","tag-commercial-real-estate","tag-crossharbor-capital-partners","tag-cushman-wakefield","tag-disposition","tag-florida","tag-hunters-creek","tag-integra-land-company","tag-integra-sunrise-par-apartments","tag-jay-ballard","tag-ken-delvillar","tag-kissimmee","tag-michael-mulkern","tag-mulitfamily","tag-osceola-county","tag-panther-residential-management","tag-robert-given","tag-sale","tag-sunrise-city"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.meyer.media\/wp-content\/uploads\/2020\/03\/integra-sunrise-parc-apartments-photo-scaled.jpg?fit=2560%2C1707&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p79IL5-w6","_links":{"self":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/comments?post=1990"}],"version-history":[{"count":1,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1990\/revisions"}],"predecessor-version":[{"id":1991,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1990\/revisions\/1991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media\/1985"}],"wp:attachment":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media?parent=1990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/categories?post=1990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/tags?post=1990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}