X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO—Entrust Realty Advisors is disposing of some Orlando office assets. The firm’s Alter Group affiliate, which specializes in the disposition and recapitalization of investment real estate, just sold two single-story office buildings spanning 105,457 square feet.

A private investment group controlled by Real Estate Inverlad acquired the office assets, which are located on 9.87 acres at Concourse at Quadrangle. The office buildings are 91% leased to high-credit tenants, including Siemens Corporation and State Farm Mutual. Financial terms of the deal were not disclosed.  “Having highly visible investment grade tenants in State Farm and Siemens Corporation, who already have a large footprint in the market, make the property attractive to investors looking for a stability,” James Clark III, managing principal at EnTrust, tells GlobeSt.com. Alter Group developed the office buildings in 2005 and 2006 within the 472-acre research and development park that’s adjacent to the Central Florida Research Park, the seventh largest R&D park in the nation.

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?

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.