ORLANDO, FLA. — Cross Ocean Partners and CP Group have acquired an eight-property office portfolio in Central Florida for $96 million.
The properties span 722,456 square feet and include Central Fairwinds in downtown Orlando (169,600 square feet); 1101 Greenwood in Lake Mary (155,048 square feet); Research Commons and Tech Point I and II in Orlando (188,738 square feet); Ingenuity Point in Orlando (125,616 square feet); and University Tech Center in Orlando (83,454 square feet).
The portfolio was 93 percent occupied at the time of sale to tenants including the U.S. Army Corps of Engineers, Fairwinds Credit Union, Siemens Energy, Galen College of Nursing, Abbott Rapid Dx, Health First and the U.S. General Services Administration (GSA).
Robbie McEwan and Matt McCormack of JLL represented the undisclosed seller in the transaction. CP Group will retain JLL to oversee leasing across the portfolio.