The seller was Palm Beach-based Tricony Management LLC, whichwas represented by Holliday Fenoglio Fowler LP Miami officemanaging director Hermen Rodriguez, director Ike Ojala and realestate analyst Ignacio Portuondo. The property was acquired freeand clear of debt. Tricony had held the property for 10 years andhad met investment objectives, Rodriquez tells


"850 Trafalgar is located within the heart of Maitland,Orlando's most dynamic suburban office market," Rodriquez says. "InMaitland, office rental rates have been rising and vacancy rateshave been dropping."


The four-story building was constructed in 1983 and renovated in1994. It is 86% leased to tenants including the IRS, FBI, FidelityNational Title and Strayer University. Located along Interstate 4,the property is just north of Downtown Orlando on 8.75 acres. "Inaddition to its excellent location, the property has a sold rentroll with minimal lease rollover in the first five years," Ojalasays.

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