South Florida developer buys $23M OIA-area project

A South Florida developer closed this morning on the nearly 64-acre, $23 million purchase of Orlando Gateway just north of Orlando International Airport.

New owner JBL Asset Manager's leasing manager told Orlando Business Journal that there are no current plans for the property. OBJ could not reach Managing Director Jacob Khotoveli.


The six parcels bought include two shopping center buildings about 15,000 square feet each, a car rental site with additional acreage and three vacant commercial sites, according to an auction marketing package by Ewald Auctions.


The deal took place in four transactions with sellers Orlando Gateway Partners LLC and Nilhan Hospitality LLC, as well as these buyers: BL Gateway HTP AB LLC, JBL Gateway 471 AB LLC, JBL Gateway 282 AB LLC and JBL Gateway Investors AB LLC, according to Orange County records. The court appointed Emerson Noble as the trustee for the bankruptcy auction.


JBL Asset Management develops shopping centers and is based in Hollywood.


SOURCE: BIZ JOURNAL

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