Cushman & Wakefield Arranges $15.6 Million Sale of 3.82-Acre Site Near the University of Central Florida

Orlando, Fla. — Cushman & Wakefield has arranged the $15.6 million sale of a 3.82-acre site located adjacent to the University of Central Florida campus in Orlando. The property is currently occupied by Pine Ridge Terrace, a conventional multifamily apartment community, and could support up to 764 beds of student housing when redeveloped. Travis Prince, Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the undisclosed seller in the transaction. A joint venture between 908 Group and Scannell Properties acquired the property. Redevelopment plans for the site were undisclosed.