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| Kaplan University, 12650 Ingenuity Drive, Orlando, FL |
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| Ronald J. Rogg |
Orlando, FL – CBRE arranged
the sale of a 124,500-square-foot single tenant office property leased to Kaplan
University at at 12650 Ingenuity Drive, Orlando, FL.
US-based City Office REIT,
Inc. (NYSE: CIO) acquired the two-story building at Central Florida
Research Park from RT
Ingenuity, LLC for $26.5 million. CBRE represented the seller.
“Central Florida Research
Park (CRFP) offers a combination of flexible office space, great
amenities and convenient
access to major transportation arteries.” said Ronald J. Rogg,
Executive Vice President of
CBRE Capital Markets, Office & Industrial.
“Kaplan Universityconsidered
20 cities across the United States during its site selection process, but CFRP
and the University/Research Park micro market stood out after comparing its
ground breaking research partnership with UCF, access to a highly-educated
workforce including college students, and the incredible prestige of this
exclusive address.”
The property features a
25-foot-high glass atrium, open spiral staircase, on-site modern
cafeteria, and high
technology infrastructure, which includes uninterrupted and redundant
power, FM-200 dry fire suppression,
advanced security and fire protection, and CAT5 cabling
throughout. The site also
includes land for future development.
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| Chip Wooten |
In 2008, Kaplan University
signed a 13-year lease for the entire building and uses the property as a customer support center
that has sales, marketing and customer service functions.
Theresearch park is
well-situated near Orlando’s central business district (CBD) and the international airport, and
offers easy access to State Roads 408 and 417, Highway 50 and the Florida Turnpike.
CBRE’s Rogg and Chip
Wooten exclusively represented the seller in the transaction.
For a complete copy of the
company’s news release, please contact:
Ronald J. Rogg, CCIM
Executive Vice President
+1 407 839 3194
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