(Winter Park, FL– October 30, 2020) – The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Lakeside at Winter Park, a 288-unit apartment community located at 3935 Sutton Place Boulevard in Winter Park, Florida.
A Newmark Knight Frank group comprised of Senior Managing Director Scott Ramey, Vice Chairman Patrick Dufour, and Associate Brad Downing represented RADCO in the disposition. The buyer was represented by Mitch Clarefield, Joshua Braceros, Matt Williams, and Kyle Schlitt of the Newmark Knight Frank Debt & Structured Finance group in arranging the financing for the acquisition.
“Lakeside is a perfect example of our value-added business strategy,” said Norman Radow, CEO of the RADCO Companies. “We took an aging and deteriorating property and turned it into a vibrant and exciting community with exceptional amenities. And in doing so we made an exceptional return for our investors.”
About Lakeside at Winter Park
Lakeside at Winter Park is a gated and pet friendly apartment community offering both one- and two-bedroom apartments with open floor plans. The development features an extensive amenity package including a pool with sundeck, lounge area, and grill station for al fresco dining. Recreation areas include a fully equipped fitness center plus tennis, basketball, and volleyball courts.
The conveniently located Lakeside at Winter Park is minutes from Full Sail University, Harbor Park, Ward Park and Winter Pines Golf Club and a short drive from University of Central Florida, Downtown Orlando, and Lake Apopka.