Cushman & Wakefield said Thursday it negotiated the sale of Interstate South Commerce Center, a 260,272-square-foot light industrial complex, for $25.3 million.
The Cushman & Wakefield Capital Markets Team of Senior Director Karl Johnston, Vice Chairman Mike Davis, Executive Director Rick Brugge and Executive Director Michael Lerner negotiated the sale on behalf of the seller, GCP-Interstate South LLC, through its holding company, Birmingham, Alabama-based Graham Commercial Properties.
The buyer is Kissimmee Land Co. LLC, a Fort Family Investments partnership based in Jacksonville. The property, at 9440-9456 Philips Highway, is 88.5 percent leased to 31 tenants. Five spaces totaling 29,720 square feet of space are available for lease. The six buildings were developed between 1986 and 1989.