Building of the Week

Summit Park III – 2001 Summit Park Dr Orlando, FL

Recent Loan:$84M by Bank of America

Origination Date: 1/1/2015

Current Lender:Morgan Stanley Bank of America Merrill Lynch

Loan Purpose: Acquisition

Lot Area: 434,290 sq. ft.

Did you know?Finished in 2009, Summit Park III was one of Orlando’s last planned developments from the pre-recession era before the grinding halt of the city’s commercial real estate boom. The office property was built in order to take advantage of the Maitland submarket’s lack of fresh class A space. In order to truly set the office property apart from the older Maitland offices, Summit Park III was designed to meet Gold level LEED environmental certification, however, the certification is still pending.

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