Recent activity across Central Florida includes multiple multifamily trades and a significant office campus acquisition, illustrating ongoing movement in both residential and office segments. In Kissimmee, Florida, Marcus & Millichap brokered the sale of Lago Vista, a multifamily property that changed hands for $6.3 million. The brokerage team of Matthew Prozzillo, Benjamin Skinner, Tarek Chbeir and Cameron Strachota exclusively marketed the asset on behalf of the transaction’s undisclosed buyer and seller.
Lago Vista comprises 40 two-bedroom, two-bath apartments along with a manager’s unit, for a total of 41 units. The community was originally built in two phases, with buildings dating from 1974 and 1982, positioning the asset firmly in the older-vintage category. While the parties have not disclosed additional financial or operational details, the transaction adds to the region’s multifamily sales tally at a time when investors remain highly selective on asset quality, income profile and basis.
In the office sector, JLL has been engaged to lead leasing efforts at Primera Towers following its acquisition by a joint venture between IP Capital Partner and Highline Real Estate Capital. The five-building, Class A office campus in Lake Mary totals 771,826 square feet and is located along Interstate 4, providing regional accessibility. The deal expands IP Capital Partners’ Central Florida office portfolio to nearly 1.2 million square feet, indicating a continued strategic commitment to scaled holdings in the region. JLL’s Micah Strader will direct leasing on behalf of the new ownership, focusing on maintaining and growing occupancy across the campus.
Another multifamily trade closed in Holly Hill, Florida, near Daytona Beach, where Carrot Properties sold Regents Park for $4.6 million. Located at 660 8th St., the property includes 32 units across three two-story buildings on a 5.5-acre site. Regents Park was built in 1986, and approximately 80% of its units have been either partially or fully renovated, signaling a blend of upgraded and remaining value-add potential. Marcus & Millichap’s Jason Hague and Ned Roberts marketed the asset on behalf of Carrot Properties, again with the buyer remaining undisclosed.
Taken together, these transactions underscore that both multifamily and office properties continue to trade and attract institutional and private capital in Central Florida. Investors and lenders tracking the region can note active brokerage engagement on both the sales and leasing fronts, even as detailed financial metrics, cap rates and business plans remain out of public view for these specific deals.
