Ken Delvillar and Jay Ballard Represented a Joint Venture of Panther Properties and Integra Land Company in the Sale of the 338-Unit Orlando Multifamily Community
Cushman & Wakefieldannounced today that it has negotiated the sale ofIntegra Cove, a 338-unit luxury multifamily community in Orlando, for more than $60 million.
Senior DirectorKen Delvillarand Executive DirectorJay Ballardrepresented a joint venture of Boston-basedPanther Propertiesand Orlando-basedIntegra Land Companyin the disposition valued at $60.4 million ($178,698 per unit). New York-basedPraedium Groupwas the buyer.
Integra Cove was built in 2016 and is comprised of 338 units in 13 buildings. The community offers 17 unique floor plans averaging 960 square feet and features wood plank flooring, granite kitchen countertops, stainless steel appliances, screened patios and balconies, crown molding, vaulted ceilings and a washer and dryer.
The gated community offers best-in-class amenities such as a zero-entry salt water pool, a gourmet poolside grilling station, a wireless café with Mac and PC workstations, a 24-hour fitness studio with a CrossFit box, a bark park, a pet spa, an auto detailing station, electric car charging stations and elevator access.
Integra Cove was developed on a ±14.5-acre site at6801 Integra Cove Boulevardand provides residents with exceptional access to many of Orlando’s major employers, retailers, eateries, venues and thoroughfares. The property’s location along Interstate 4 at the intersection of Central Florida Parkway and Westwood Boulevard is within walking distance of Sea World and less than 10 minutes from Walt Disney World, Universal Studios and the Orange County Convention Center.
“Integra Cove offered investors the unique opportunity to acquire a new-construction, Class A multifamily asset in one of the most dynamic tourist commercial corridors in the nation,” said Delvillar. "There’s nothing else in the submarket that offers comparable visibility, location, finishes or amenities.”
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