ORLANDO, FL - Berkadia announces it has arranged the sale of a 10-acre parcel of land near Disney’s resort and parks in Orlando, Florida. Madison Capital Group purchased the land, part of the WaterStar Orlando Town Center development site, for $8 million. The site is approved for up to 320 units of multifamily development.
Managing Directors Michael Weinberg, Brett Moss and Matt Wilcox, along with Associate Director Alec Fox of Berkadia’s North and Central Florida offices, arranged the sale on behalf of the owner, Equinox Development. Madison Capital Group acquired the property for $8 million.
The WaterStar Orlando site spans 33.6 gross acres and is the result of a complex land assemblage executed over a number of years. It is strategically positioned directly across from the $750 million Margaritaville Resort Orlando in the heart of Orlando’s famous Disney Maingate Corridor, and is just minutes from the main entrance of Disney World. When completed, WaterStar Orlando will encompass a variety of different uses including retail, restaurants, and market-rate apartments.
Based in Maitland, Florida, Equinox Development believes in shaping communities by introducing meaningful real estate endeavors and cultivating valued relationships. With a specialization in retail, mixed-use and boutique commercial development projects, the Equinox team demonstrates a hands-on approach and the ability to execute on complex transactions in all aspects of real estate development.
Madison Capital Group, LLC is a private investment and advisory firm based in Charlotte, NC and Charleston, SC. The firm invests in real estate and private equity opportunities, with a primary focus in the self-storage and multifamily sector. The company targets value-add storage acquisitions as well as storage development opportunities, and focuses on the development of high quality apartment communities throughout the Southeast.
About Berkadia: Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com