ORLANDO—A single-tenant office property leased to Kaplan University has traded hands. RT Ingenuity sold the 124,500-square-foot, two-story building to City Office REIT for $26.5 million. CBRE represented the seller.

“This sale affirms the institutional investors’ willingness to place investment capital in one of Orlando’s best suburban office parks, the Central Florida Research Park,” Ronald Rogg, an executive vice president of CBRE Capital Markets, Office & Industrial, tells GlobeSt.com. “Central Florida Research Park (CRFP) offers a combination of flexible office space, great amenities and convenient access to major transportation arteries.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.