Hallmark Equity Partners, an affiliate of Park Square Commercial, has closed on a hotel site located within Osceola Corporate Park.
The site was sold for $1,577,000 by Tupperware Brands Corporation and brokered by Robin Webb, CCIM, a principal with Maitland-based COMMERCIAL AMERICA Properties.
According to the developer, the project is anticipated to be developed into a co-branded, 140 unit Marriott franchise featuring a Fairfield Inn and a Townplace Suites.
Osceola Corporate Park is a transportation-oriented development surrounding the Tupperware Sunrail Station, situated on the north side of Osceola Parkway at the Florida Turnpike, fronting Orange Avenue. In addition to the newly constructed Orlando Health project and the future hotel, the approved master plan calls for up to 1,700 multifamily residential units, 180,000 square feet of retail and 60,000 square feet of office space.