One office property was snapped up by a Miami-based investment platform called Black Salmon. The company was launched in 2017 with a promise to spend up to $300 million in commercial real estate in two years.
The Maitland-based developer just completed the final of a series of four property takedowns with plans to develop a mixed-use project with luxury apartments and over 200,000 square feet of retail, restaurant and entertainment space.
The property nearly doubled in value since the last time it sold in 2012. The sellers bought the community as part of an effort to tackle a shortage of affordable homes in states most impacted by the housing crisis.