CBRE closes Legacy Parc sale

ORLANDO - CB Richard Ellis announced the sale of Legacy Parc, a 320-unit community in the Kissimmee area of the Orlando MSA.

Completed in 1989, Legacy Parc was purchased for condo conversion in 2005 and was foreclosed on by the lender earlier this year. CBRE represented the lender in the bulk sale of the remaining 185 units.

Including the sale of Legacy Parc, CBRE’s Central Florida Multi-Housing Group has closed approximately $100 million in apartment transactions in Central Florida in 2009. Shelton Granade and Luke Wickham of CBRE’s Orlando office have exclusively represented the sellers in all transactions.