JOINT VENTURE PURCHASES INTEREST IN FLORIDA OFFICE BUILDING

ORLANDO, FLA. — A joint venture between Duke Realty Corp. and CB Richard Ellis Realty Trust has purchased a joint venture interest in the 100,924-square-foot Celebration Office Center III from Duke Realty Corp. for an undisclosed price. The property is located in the Celebration Office Center adjacent to the Walt Disney World Campus in Orlando. The three-story, Class A building will serve as the headquarters of Disney Vacation Development. Mike Davis and Rick Brugge of Cushman & Wakefield’s Tampa, Fla., office represented the seller.