X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Wheeling and dealing at the 1,800-acre MetroWest mixed-use development next to Universal Orlando continues.

In the second transaction of the week, Carlisle Realty Group paid Debra Inc. $2.35 million or $188,000 per acre ($4.31 per sf) for a 12.5-acre parcel. The buyer plans to build a 110,000-sf retail center adjacent to the new prototype 230,000-sf Wal-Mart Supercenter at the main entrance to MetroWest. Construction is expected to begin in the first quarter.

Carlisle will also develop three outparcels containing 40,000 sf within the 12.5-acre tract. R.J. Twitty & Co. II Inc. of Orlando brokered the transaction.

The mortgage banking and real estate brokerage also participated in the $60 million sale of 520 undeveloped acres at MetroWest last week. L.M. Sandler and Sons Inc. of Virginia Beach, VA and its Miami affiliate, SouthStar Development Partners Inc. bought the land from Debra Inc.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.