Avistone, LLC, announced today the sale of Presidents Plaza Business Center located in Orlando, Florida. The property was purchased by Avistone in 2016. Presidents Plaza is a 108,432 square-foot multi-tenant flex industrial park located in Orlando’s Central Park industrial market, at the crossroads of Interstate 4, the Florida Turnpike, the Beachline Expressway, State Road 482 and State Road 441.
“We’re pleased with the successful execution of our investment plan for this quality asset, and the returns we were able to generate for our investors,” said Richard Kent, President of Avistone.
“Avistone invests in flex properties in dynamic major metropolitan markets nationwide at prices below replacement cost, and Orlando certainly proven to be such a market. We made numerous upgrades and improvements to the property, which played a direct role in its stabilization.”
“This is a unique property that is particularly well-situated in Orlando,” added Dan Culler, CEO of Avistone. “We are pleased to announce this sale and hope the new owners continue to enjoy the strength of the Orlando market in the future.”
The Cushman & Wakefield team of Rick Brugge, Michael Davis and Rick Colon represented Avistone in the sale.
Avistone is a real estate private equity and investment management firm involved in the acquisition and operation of industrial and business park properties nationwide. Since its founding in 2013, Avistone has acquired 20 industrial business parks totaling approximately 3 million square feet of space located in California, Georgia, Texas, Florida and Ohio.
This communication is intended solely for accredited investors as such is defined in the Securities Act, and is not intended as an offer to sell, or the solicitation of an offer to buy any securities or ownership interests. The opinions and forecasts expressed herein are solely those of Avistone, LLC, as of February 24, 2023, and subject to change. Actual results, future events, predictions, circumstances and events will vary and be different from those set forth herein, and there are no guarantees that any positive or successful results, express or implied, by investors will be realized. Avistone specifically disclaims any right or obligation to provide investor returns at forecasted levels. Avistone’s track record from 2013 to December 2022; no guarantee of future results. The performance information of Avistone’s prior projects has not been audited by any third-party. The track record metrics reflect the weighted average performance of all our clients, and not every investor experienced exactly these same returns. Any and all evaluations for investment purposes must be considered in conjunction with a final Private Placement Memorandum (the “PPM”); all prospective investors are strongly encouraged to read all “risk factors” in the PPM. Further, some of the initial information provided above contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties, and investors should not rely on them as predictions of future events. Investments in private securities contain a high degree of risk and often have long hold periods. They are illiquid and may result in the loss of principle. Avistone’s strategy may not occur due to numerous external influences.