Sale of newly constructed, 3-building industrial park in Lake County closes
JLL Capital Markets arranged the sale of Perimeter Park West
ORLANDO, June 22, 2023 – JLL Capital Markets announced today that it arranged the sale of Perimeter Park West, a newly constructed, three-building industrial park totaling 171,765 square feet in Clermont, Florida.
JLL represented the seller, High Street Logistics Properties.
Perimeter Park West was built in 2022 and is currently 100% occupied. Key features of the buildings include rear-loading capabilities, 30-32-foot clear heights, 63 dock-high doors, six drive-in doors and 231 parking spaces.
The industrial park sits on a 12.08-acre parcel located at 2162, 2170 and 2250 Ray Goodgame Pkwy and features 1,900 feet of frontage along the Parkway, which connects directly to U.S. Route 50 and Florida’s Turnpike. Perimeter Park West is located in Clermont, Florida, within the Lake County submarket, approximately 22 minutes from Orlando’s central business district. The site’s proximity to multiple major highway systems allows users to reach over 3.5 million people within a 60-minute drive.
The JLL Capital Markets Investment Sales and Advisory team was led by Director Cody Brais, Managing Director Luis Castillo, Senior Managing Director Dennis Mitchell and Analyst Taylor Osborne.
“High Street Logistics successfully executed on their business plan to deliver and lease up a state-of-the-art Class A warehouse” said Brais. “Booming population growth in Lake County coupled with exceptional industrial rent growth across Orlando resulted in strong interest from a wide range of investors.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.