Lowndes Advises Westside Capital Group on $45 Million Acquisition of Mixed-Use Property in Orlando
Lowndes represented Westside Capital Group, a Miami-based real estate investment firm, in the $45 million acquisition of a mid-rise, mixed-use property in the MetroWest neighborhood of Orlando. The property, known as The Residences at Veranda Park, includes a five-story building with 150 luxury apartments and 48,000+ square feet of commercial space.
According to a company release, Westside intends to invest in common areas and targeted capital improvements. It has also secured several future purchase rights and purchase options pertaining to other development parcels within Veranda Park.
“We see Orlando as a strategic market for Westside despite the short-term economic shocks related to the COVID-19 pandemic, and we want to a build a long-lasting relationship with the city and its residents,” said Jakub Hejl, founder and president of Westside.
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