CROCKER PARTNERS ACQUIRES TWO FLORIDA OFFICE PARKS

JACKSONVILLE AND ORLANDO, FLA. — Crocker Partners has acquired two recently foreclosed Florida office parks, adding more than 1.3 million square feet to the private equity company's portfolio. The company acquired Freedom Commerce Center, a 752,000-square-foot, seven-building complex in Jacksonville, for $28 million. Crocker also picked up Orlando University Center, a 386,000-square-foot, five-building center, for $33.5 million. Crocker Partners previously owned the assets and sold them in 2005 to a private equity firm. The buyer plans to reposition the assets.