Orlando-based commercial real estate firm gearing for major investments

CNL Real Estate will look to expand its investment portfolio.

The wheels are churning for an Orlando-based real estate investment firm.

CNL Commercial Real Estate, a leader in brokerage, investment and development services, is primed to invest $300 million in new acquisitions across the Southeast and in Texas over the next 18 months.

Of the planned $300 million, CNL will invest more than $50 million in real estate projects currently being developed by the company, while more than $100 million will go to the development of new projects yet to be started. The majority of the money will go to the development of commercial office, industrial and retail space.

New managing director
With this multimillion dollar project in mind, CNL decided to hire Moses Salcido as the company's new managing director. Salcido's duties will include expanding the company's development and investment portfolio.

CNL said Salcido has more than 25 years of industry experience and his background can help the company's growth in the industrial leasing market. Salcido will primarily work from the company's office in Orlando, Fla.

"We are pleased to welcome Moses to the CNL Commercial Real Estate team," said Paul Ellis, president of CNL Commercial Real Estate. "The industrial market is starting to rebound across the Southeast and we expect his deep experience and knowledge of this sector will help us to identify and secure several key opportunities for leasing, development and investment in the coming months."

Prior work and achievements

Previously named the NAIOP's Industrial Broker of the Year, Salcido has been involved in commercial real estate developments totaling more than $265 million and 3.5 million square feet.

Through the years, Salcido has held senior level positions with Duke Realty, Progress Energy, Panattoni Development, Weeks Corporation and ComTech Properties.

Salcido last worked at Lee & Associates in Central Florida, where he was senior vice president.

"I am excited to be joining CNL Commercial Real Estate and to have this opportunity to help strengthen the company's industrial capabilities," Salcido said. "Demand for new, high-quality industrial sites is emerging in many of CNL Commercial Real Estate's core markets and our new development fund will be well positioned to pursue those development opportunities."

CNL Commercial Real Estate, which started in 2007, has expanded from its Orlando-based headquarters into markets around the country. CNL has offices in Atlanta, Dallas, Charlotte, N.C., and Southern California.

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