Oaktree Capital pays $30 million for Orlando industrial asset – Commercial Property Executive

International Corporate Park went live earlier this year.

International Business Park. Image courtesy of JLL

Whitley Capital sold International Corporate Park, a two-building, 262,200 square foot asset in Orlando, Florida, for $30.1 million. JLL Capital Markets worked on behalf of the seller. Oaktree Capital Management is the new owner.

International Corporate Park is located at 8695 Transport Drive and comprises two Class A industrial buildings. The property consists of a 143,000 square foot rear load building, which is fully leased and offers 35 dock doors and 184 parking spaces , as well as a 119,200 square foot front-loading building with 22 dock doors and 140 parking spaces. Both buildings have clear heights of 32 feet and share truck land and parking.

Newly completed in 2022, International Corporate Park is located on 16.5 acres, across from the Beachline Freeway, providing access to Interstates 4 and 95. The property is also close to the Florida Turnpike , the Orlando Beltway and State Route 417, which put it within a 90-minute drive of 23% of the state’s 21.6 million people. The two-building asset is also located less than 20 km from Orlando International Airport, 34 km from downtown Orlando, 35 km from SeaWorld Orlando and the Orange County Convention Center and less than 26 miles from Universal Studios Florida.

The JLL Capital Markets team working on behalf of the seller was led by Managing Directors Luis Castillo and Joe Hills, Senior Managing Director Britton Burdette, Executive Vice President Josh Lipoff and Director Cody Brais.

Earlier this year, another portfolio of industrial buildings changed hands. Sealy & Co. purchased two Class A logistics facilities, representing 841,849 square feet.

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