Carroll Sheds Lakefront Apartments at Lake George
- Jan 14, 2016
Orlando, Fla.—Arium Barber Park, a luxury lakefront apartment community in Orlando has changed hands recently. Vice Chairman Shelton Granade, Senior Vice President Luke Wickham, and Assistant Justin Basquill of CBRE Investment Properties arranged the sale of the 526-unit asset on behalf of the seller, Carroll Organization. White Eagle Property Group acquired the property for $51.9 million.
Located 10 minutes south of downtown Orlando on Lake George, at 5300 Lake Margaret Drive, Arium Barber Park is convenient to the East/West Expressway, Interstate 4 and the area’s major demand drivers such as Orlando International Airport, the hospital and some of the world’s most famous theme parks. The community was completed in 1989 and features two pools, a fitness center, a game room, tennis courts, and a business center.
Arium Barber Park was 94 percent occupied at closing.
Image courtesy of CBRE