Lincoln Capital Acquisition, LLC recently purchased 12.91-acres at 3255 W. Colonial Drive in Orlando from Highyon Shopping Ctr Investment Funds No. 107 LP.
The buying entity behind the LLC, Lincoln Avenue Capital, is one of the nation’s fastest-growing developers, investors, and operators of affordable and workforce housing. They have plans to develop an apartment complex beginning in 2023.
The price tag for the property was $5,980,000.
LandQwest’s Julia Sosa, Tom Heer, and Eva Grace Royal also represented the seller in this transaction.
“We are working with many new players in the West Colonial corridor, all of whom are dedicated to its resurgency,” said Sosa. She added “LandQwest is honored to have brokered two large-scale, back-to-back sales in this trending submarket.”
The multi-family tract is adjacent to the Lotte Plaza Market-anchored ‘Parkwood Plaza’ center, which sold last year for $13,230,000 by LandQwest Commercial in Orlando, Florida.