Berkadia arranged $40.7 million for the recapitalization of One Eleven, a 30-story high-rise in downtown Orlando. The property features office, retail and residential space and was secured on behalf of the sponsor, Lincoln Orlando Holdings LLC by Senior Managing Director Charles Foschini, Managing Director Chris Apone and Associate Director Shannon Wilson of Berkadia South Florida. Lender Morgan Stanley provided a five-year full term interest only loan to finance this transaction.
Built in 2008, One Eleven offers 11,076 square feet of ground floor retail along with nine parking levels containing 152 360 square feet Class A Office space as well as 164 apartments known as “Aspire” which include studio one-, two-, three bedroom units with amenities such as roof top pool deck balcony health club fitness center etc.. Commercial tenants occupying the building are Ocean Bank Daily Bread Innovative Systems Group McDonald Toole Wiggins PA National Society Leadership Success Atwell Engineers Skanska Huitt Zollars Inc..
This post originally appeared on Connect CRE website
