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**Investor Duo Acquires 8-Building Office Portfolio in Central Florida for $96M**
Cross Ocean Partners, in partnership with CP Group, has acquired a significant office portfolio in Central Florida for $96 million. The portfolio, consisting of eight office buildings totaling 722,456 square feet, was purchased from City Office REIT and is currently 93% leased.
The acquisition encompasses a diverse mix of high-quality office and flex properties strategically located within the Orlando metropolitan area. The properties included in the transaction are:
– **Central Fairwinds**, Downtown Orlando: A prominent 12-story Class A office tower.
– **1101 Greenwood**, Lake Mary: A five-story office building fully leased to healthcare tenants including Health First and Abbott, totaling 155,048 square feet.
– **Research Commons and Tech Point I & II**, Orlando: Located in the Research Park area, these properties include a four-story building and two two-story buildings, with a combined total of 188,738 square feet.
– **Ingenuity Point**, Orlando: A two-story office property in the Research Park area, featuring 125,616 square feet.
– **University Tech Center**, Orlando: A flex/office complex comprising two buildings dedicated to simulation, research, and technology tenants, totaling 83,454 square feet.
JLL’s Robbie McEwan and Matt McCormack represented the seller in the transaction. CP Group has announced it will retain JLL to handle leasing across the acquired portfolio.
This acquisition underscores continued investor confidence in the Central Florida office market, particularly for assets with strong occupancy and institutional-grade tenancy.
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