Harbert Management Corp. (HMC) has announced the sale of Cypress Park, a 256,838-square-foot infill last-mile industrial park in Orlando.
Located in Orlando’s Southeast Orange submarket, the property consists of five shallow-bay warehouses that are near Downtown Orlando and the Orlando International Airport. HMC acquired a 100 percent interest in the property in 2024 at 88 percent occupancy with in-place rents below $10 per square foot. Since acquisition, occupancy has increased to 100 percent, and recent lease rates have averaged more than 50 percent above in-place rents.
“Cypress Park presents a rare opportunity within Orlando’s highly desirable light industrial market,” said Todd Jordan, managing director, U.S. real estate at HMC. “We are proud to have identified, enhanced, and exited an attractive asset in one of the fastest-growing markets in the nation. The transaction highlights the continued demand for well-located industrial properties near major tra
