JLL Closes $56.1M Sale of Cypress Park Industrial Portfolio in Orlando for Harbert Management Corporation

ORLANDO, Fla. — July 9, 2026 — JLL Capital Markets has arranged the $56.1 million sale of Cypress Park, a five-building, 256,838-square-foot industrial park in the Southeast Orange submarket of Orlando. Midtown Capital Partners acquired the asset from seller Harbert Management Corporation, with JLL representing the seller in the transaction.

The deal closed July 9, 2026, implying a price of approximately $218 per square foot for the portfolio.

Property Overview: Cypress Park's Location and Physical Profile

Cypress Park sits on 23.39 acres along Satellite Blvd., directly off the Florida Turnpike and U.S. Route 441 interchange in Orlando's Southeast Orange submarket. The location places the park within 15 minutes of Orlando's central business district and Orlando International Airport, and within a 90-minute drive of more than 6.4 million residents. The submarket also provides access to six of Florida's 10 fastest-growing counties via Interstate 4, Florida's Turnpike and U.S. 441.

The five-building park offers 45 dock-high doors — representing approximately 71% of total loading capacity — along with 18 drive-in and grade-level doors. Clear heights range from 20 to 22 feet, and truck court depths run approximately 85 to 100 feet. All suites are fully sprinklered with LED lighting, dedicated air-conditioned warehouse space and rear-load configurations. Suite sizes range from 1,000 to 34,000 square feet, with an average bay size of approximately 9,000 square feet.

At the time of sale, the park was 99% leased to 26 tenants spanning nine industries, including technology, manufacturing, building materials, construction, retail distribution, food and beverage, financial services and third-party logistics.

The Transaction: JLL Team, Pricing and Investor Demand

The JLL Capital Markets team representing Harbert Management Corporation was led by Senior Managing Director Luis Castillo and Managing Director Cody Brais, along with Associate Taylor Osborne and Analysts David Orta Jr. and Mia Gian.

"This offering presented a rare opportunity for investors to acquire critical mass in Orlando's highest-velocity market segment at a discount to replacement cost with demonstrated upside potential," Brais said in a statement. "Multiple qualified offers and robust investor interest throughout the marketing process validated the compelling combination of location, functionality and near-term value creation inherent in this asset."

The cap rate and net operating income for the portfolio were not disclosed.

Buyer Profile: Midtown Capital Partners

Midtown Capital Partners is a vertically integrated real estate investment, development and asset management firm headquartered in Miami, with additional offices in West Palm Beach, Florida and Madrid, Spain. Founded in 2010, the firm manages a $1.2 billion platform of income-generating multifamily, industrial, office and retail assets across the Sunbelt, led by a management team with more than 80 years of combined real estate experience.

Seller Background: Harbert Management Corporation

Harbert Management Corporation, the seller, is a privately owned alternative asset manager with approximately $7.8 billion in Regulatory Assets Under Management as of June 30, 2026. Formed in 1993, the firm serves institutional investors across multiple asset classes, including U.S. and European real estate, seniors housing, power, growth capital and credit solutions.

The firm did not provide a public statement regarding its rationale for the disposition.

About JLL Capital Markets

JLL Capital Markets operates as a full-service global provider of capital solutions for real estate investors and occupiers, with more than 3,000 Capital Markets specialists worldwide and offices in nearly 50 countries. JLL (NYSE: JLL) reported annual revenue of $26.1 billion and a global workforce of more than 113,000 as of March 31, 2026.

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Sources: JLL Newsroom — Midtown Capital Partners Acquires Orlando Industrial Portfolio (July 9, 2026)