Thursday, August 13, 2009

CB Richard Ellis Realty Trust buys Class A Orlando Office Building

PRINCETON, N.J. – Aug. 13, 2009 – CB Richard Ellis Realty Trust has purchased a 124,500 sf state-of-the-art Class A office building in Orlando that is fully leased to Kaplan, Inc.’s higher education division on a long-term lease.

The CBRE Realty Trust team worked with Jeffrey Torto and the acquisitions team from CBRE Investors to acquire this property.

The office building is strategically located at 12650 Ingenuity Drive (top right photo) in the prestigious master-planned Central Florida Business Park, a cooperative between the University of Central Florida and Orange County, Fla., to promote research and development activity.

The CFRP is occupied by a variety of corporate tenants in high-tech information, intelligence and defense-related industries and is considered one of the top 10 science parks in the United States. The park is in close proximity to Orlando’s CBD and the international airport, with easy access to State Roads 408 and 417, Highway 50 and the Florida Turnpike.

The building, which was completed in 1999, includes a two-story, 25-foot high glass atrium with a spiraling, open staircase.

The building has a high technology infrastructure, including a self-contained data center room with a redundant, uninterruptible power supply and special features to protect the room in the event of roof leakage or severe weather.

It also includes an on-site cafeteria, integrated work furniture, and a market-high 7/1,000 sf parking ratio.

Kaplan, a premier provider of educational services for individuals, schools, and businesses worldwide, is using the facility as a customer support center for its higher education division.

“This state-of-the-art building expands our portfolio of high-quality properties with strong tenancies in the Orlando area,” said Phil Kianka, Executive Vice President and Chief Operating Officer for CB Richard Ellis Realty Trust.

Contact: Pam Barnett, 213.683.4368,

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