Cushman & Wakefield Brokers $20M Sale of Office Building in Central Florida

by John Nelson

LAKE MARY, FLA. — Cushman & Wakefield has brokered the $20 million sale of Northpoint III, a 108,499-square-foot, Class A office building located within Northpoint Center Office Park in Central Florida. Built in 2001, the four-story property is located at 2200 Exchange Place in Lake Mary. Charlotte, N.C.-based Duke Energy, Northpoint III’s sole tenant, purchased the asset from Gramercy Property Trust, a New York-based investment firm. Mike Davis, Michael Lerner and Rick Brugge of Cushman & Wakefield’s Capital Markets team represented Gramercy in the sale.

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