Sperry Van Ness Florida Completes $3,000,000 SALE of office building in Lake Mary, FL

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 4, 2011 -- Lake Mary, FL, May, 2011 – Sperry Van Ness Florida has completed the sale of the 48,662sf office building on an 11.2 acre campus in Lake Mary, FL. Managing Director, Miguel de Arcos, of Sperry Van Ness Florida represented the Buyer Meritas, LLC(Lake Mary Preparatory School) and Greg Morrison of Morrison Commercial Real Estate represented the Seller CRM Florida Properties, LLC.

The bank owned property has been repurposed a few times in its life and has been on the market for close to 2 years. What once was an Assisted Care Living Facility was converted to an office building for Workforce Central Florida. Lake Mary Preparatory School (www.LakeMaryPrep.com) will be converting the facility into an International Village boarding community for its 100+ international students. “We were tasked with finding a location to build a new facility or refurbish an existing facility in Seminole County.” Stated SVN’s Managing Director Miguel de Arcos. “We looked at several options, but the existing layout, campus style setting on 11 acres and the fact that it was in Lake Mary moved this facility to the top of the list.”

Sperry Van Ness Florida team consists of 90 experienced Commercial Real Estate Advisors throughout the State. For information about growth plans, please visit www.svnflorida.com.

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