MIAMI, FL – The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) has engineered the sale of Reserve at Maitland, a three-property office portfolio in suburban Orlando, Florida as well as Maitland Promenade, (top left photo) a Class A, 230,368-square-foot office building in Maitland, Florida to Flagler Development Company. HFF executive managing director Manny de Zárraga (top right photo) and managing directors Danny Finkle (middle left photo) and Hermen Rodríguez (middle right photo) represented the purchaser in acquiring the assets from Grubb & Ellis Realty Investors, LLC. Flagler acquired Reserve at Maitland for $39.56 million and Maitland Promenade for $52.94 million. 
Reserve 
at Maitland is located at 30, 65 and 70 South Keller Road in Maitland, approximately seven miles north of Orlando via Interstate 4. The properties have a total of 197,000 square feet of Class A office space and are fully occupied by three primary tenants including Earth Tech, Bright House and Inverness Medical.
at Maitland is located at 30, 65 and 70 South Keller Road in Maitland, approximately seven miles north of Orlando via Interstate 4. The properties have a total of 197,000 square feet of Class A office space and are fully occupied by three primary tenants including Earth Tech, Bright House and Inverness Medical. Maitland Promenade is currently 92% leased to tenants including Star Networks, Trammel Crow Residential, United Health Care, Brice Building Company, Custom Staffing and BE&K Group. The property is located at 485 North Keller Road approximately a half mile west of Interstate 4 in Maitland.
Grubb & Ellis Realty
Investors, LLC is the real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm. Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of assets valued in excess of $6.1 billion located throughout 30 states.
Investors, LLC is the real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm. Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of assets valued in excess of $6.1 billion located throughout 30 states.Flagler Development G
roup is the leading integrated commercial real estate firm specializing in commercial and industrial workplaces in the state of Florida. The company owns, develops, leases and holds in joint ventures approximately 9.8 million square feet of Class A office and industrial space, as well as an additional 1.2 million square feet under construction.
roup is the leading integrated commercial real estate firm specializing in commercial and industrial workplaces in the state of Florida. The company owns, develops, leases and holds in joint ventures approximately 9.8 million square feet of Class A office and industrial space, as well as an additional 1.2 million square feet under construction. HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.
CONTACTS:
Manuael de Zarraga, HFF Executive Managing Director, 305 448 1333, mdezarraga@hfflp.com
Danny Finkle, HFF Managing Director, 305 448 1333, dfinkle@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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