ORLANDO, Fla. – February 20, 2014 – (RealEstateRama) — Lee & Associates, the largest broker-owned commercial real estate firm in the country, has brokered the $7.65 million sale of the Atrium Tower office building in Orlando, Fla.
Robbie McEwan, CCIM, vice president at Lee & Associates Central Florida, represented the buyer, Atrium Universal, LLC, in the transaction. Douglas Mandel of Marcus & Millichap represented the seller, 7680 Universal Boulevard Holdings, LLC.
“The Atrium Tower is situated in an ideal locale, offering access to several major highways and downtown Orlando,” said McEwan. “At a time when the seller was disposing of multiple assets, the buyer saw great value add opportunity in the property, which is over 64 percent leased, and will be able to increase the value through increased occupancy.”
Located at 7680 Universal Blvd., the 106,611-square-foot office facility was built in 1985 before being renovated in 1996.
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas and Wisconsin. With a roster of nearly 750 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.