An affiliate of PGIM Real Estate has sold Princeton Oaks Phase I, a 513,560-square-foot, class A industrial park in Orlando.
JLL represented the seller in the sale to LaSalle Investment Management.
Completed in 2018-2019, Princeton Oaks Phase I consists of five state-of-the-art, multi-tenant industrial buildings 100 percent leased to a diverse roster of 15 high-quality tenants, targeting the highest-demand users for industrial spaces in the Orlando market.
The property is located in Orlando's Northwest Orange County submarket, minutes from downtown Orlando and major highways, including John Young Parkway, State Route 408 and Interstate 4. The property's location provides access to over 3.75 million consumers within a 60-minute drive, making it highly attractive for last-mile logistics and regional distribution operations.
