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Related Group Purchases 20 Acres Bordering Maitland’s Lake Hope for $10 Million

FOR IMMEDIATE RELEASE

Media Contact:
Stacy Bayless, Director of Marketing & Communications
Land Advisors Organization
480.483.8100
sbayless@landadvisors.com

Related Group Purchases 20 Acres Bordering Maitland’s Lake Hope for $10 Million

Orlando, FL (August 22, 2017) – Land Advisors Organization Orlando team of Steve Flanagan and Mike Ripley, acting as transaction broker, arranged the $10 million sale of 20 acres bordering Maitland’s Lake Hope to Miami-based, Related Group. The buyer plans its first multifamily project in Greater Orlando, to later be supported by 130,000 square feet of surrounding retail, potential office space and a hotel.

Located at 601 Trelago Way, the 20.1-acre parcel will eventually have direct access to W. Maitland Boulevard after further land acquisitions. The sale deed was recorded Friday, August 18, 2017 in Orange County. Planned Development zoning for the overall 96-acre site, known as Maitland Concourse North, was approved in 2016 by the city. Related Group representatives filed site work construction permits on Thursday, August 17, 2017.

For more information regarding the Orlando market and specifically this notable transaction, contact Steve Flanagan at sflanagan@landadvisors.com or Mike Ripley at mripley@landadvisors.com.

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Founded in 1987, Land Advisors Organization is the nation’s largest brokerage firm focused exclusively on land. We specialize in innovative land brokerage through deep market insight and unparalleled client relationships. Land Advisors Organization integrates current comprehensive information, cutting-edge technology and geographically specialized professionals to help our clients identify and capitalize on valuable opportunities in all kinds of economic environments.

Land Advisors Organization employs a true collaborative brokerage model with offices located throughout the located throughout Arizona, California, Florida, Idaho, New Mexico, Nevada, Utah, Texas and Washington. To learn more about LAO, visit us on our website at landadvisors.com and connect with LAO on Twitter FacebookLinkedIn and Twitter.