ORLANDO-The Orlando Sentinel reported that Michigan-basedAlidade Star Tower LLC has acquired 48 units in Star Tower, a100-unit condominium property in downtown Orlando. Last week, thecompany paid $11.8 million to purchase the condo units in the18-story tower.
The Sentinel reported that the deal also comprised a2,930-square-foot retail space on the ground floor. Jay Ballardfrom Cushman & Wakefield' Orlando office is overseeing theproperty and he said that Sentinel Alidade Star Tower LLC isplanning to stabilize the property. For the full story, go toOrlando Business Journal .
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