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| Corporate Park I and II, 3670 and 3660 Maguire Boulevard, Orlando, FL |
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| Joe Rossi |
ORLANDO, FL –
Lincoln Property Company Southeast (Lincoln) has brokered two office investment
sales in metro Orlando. All told, the transactions involved four buildings
totaling more than 182,000 square feet; the combined sales price of the deals
was $8.7 million.
Joe Rossi,
senior vice president of investment services for Lincoln, represented the
seller in both transactions.
The details of the transactions are as follows:
• UP Fieldgate US Investments-Fashion Square LLC purchased
Corporate Park I and II, two buildings in Orlando totaling 86,980 square feet,
from RGA Real Estate Holdings for $4.75 million. Scott Corbin of
Colliers International represented the buyer.
Corporate Park I and II, located at 3670 and 3660 Maguire
Blvd., respectively, each feature three stories. The buildings are near
downtown Orlando, Baldwin Park and Winter Park.
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| Scott Stahley |
• Vista Premier Point LLC purchased Premier Point North and
South, two buildings totaling 95,277 square feet in the suburb of Altamonte
Springs, for $3.95 million from RGA Reinsurance Co. Rossi was the only broker
involved in the transaction.
Premier Point North and South, located at 225 and 237 South
Westmonte Dr., respectively, are near Interstate 4, Florida Hospital and
Altamonte Mall.
“We saw the Orlando market office market improve throughout
2013,” said Scott Stahley, senior vice president for Lincoln who
oversees the firm’s Orlando office. “As investors begin to chase higher yields,
we expect to see this result in greater investor interest in Orlando office
properties in the coming year. The transaction pace should be brisk.”
For a complete copy of the company’s news release, please
contact:
Stephen Ursery
The Wilbert Group
404-405-2354
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