{"id":1004091038,"date":"2014-02-10T07:24:21","date_gmt":"2014-02-10T15:24:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004091038"},"modified":"2022-12-08T15:22:02","modified_gmt":"2022-12-08T23:22:02","slug":"crocker-partners-buys-174-ksf-office-building-in-maitland-fla","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\/","title":{"rendered":"Crocker Partners Buys 174 KSF Office Building in Maitland, Fla."},"content":{"rendered":"<p><i>By Keith Loria, Contributing Editor<\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004091042\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\/crockner\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg\" data-orig-size=\"2100,1400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;14&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1349817938&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;40&quot;,&quot;iso&quot;:&quot;500&quot;,&quot;shutter_speed&quot;:&quot;0.002&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Crockner\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?w=1024\" class=\"alignleft size-medium wp-image-1004091042\" alt=\"Crockner\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg 2100w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=2048,1365 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=150,100 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=696,464 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=1068,712 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=1920,1280 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg?resize=630,420 630w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>\u00a0Crocker Partners has acquired 851 Trafalgar Court, a 174,048-square-foot office building in Maitland, Fla., and plans to reposition the four-story lakefront building to attract quality tenants.<\/p>\n<p>\u201cMaitland is a great submarket. It\u2019s the most centrally located submarket, we believe in the long-term growth of Orlando, and you can service the entire market from here,\u201d Angelo Bianco, a partner with Crocker Partners, told <i>Commercial Property Executive<\/i>. \u201cPlus, it\u2019s a cost alternative to downtown, which is just five minutes away.\u201d<\/p>\n<p>Originally built in 1984, currently, the building is 80 percent occupied with tenants including Sprint\/Nextel, Rasmussen College and Digital Risk. Crocker Partners is managing the property and has engaged CBRE for leasing.<\/p>\n<p>According to Bianco, planned capital improvements include implementing a full elevator modernization program and replacing some common area finishes and signage elements. The company is also contemplating adding a health club.<\/p>\n<p>With the purchase of 851 Trafalgar Court, Crocker Partners\u2019 portfolio in Florida has increased to more than 3.2 million square feet of office space across the state, including trophy assets such as Miami Center, Esperant\u00e9 in West Palm Beach, and Two Harbor Place in Tampa.\u00a0It also includes Orlando University Center, a five-building complex in the University submarket; Two Harbour Place in Downtown Tampa, and Prominence, a 54-acre office park with seven buildings located in Jacksonville\u2019s Butler\/Baymeadows submarket.<\/p>\n<p>Overall, Crocker Partners\u2019 portfolio includes more than 6 million square feet of office real estate in the Southeast U.S. and Texas, representing more than $1 billion invested.<\/p>\n<p>\u201cThe market today is stressed and I always like to buy in those markets and add value by maintaining and adding to the rent roll in a property and stabilizing it as the market stabilizes over time,\u201d Bianco added. \u201cWe usually like to buy properties that we think would be attractive to institutional investors and owners but problems today prevent that from being the case. The Maitland submarket has a large vacancy, as many do, but that doesn\u2019t present a lot of appeal to those investors. By making the improvements, we expect to draw tenants who seek strong value and an appealing work environment along the I-4 corridor.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crocker Partners has acquired 851 Trafalgar Court, a 174,048-square-foot office building in Maitland, Fla., and plans to reposition the four-story lakefront building to attract quality tenants.<\/p>\n","protected":false},"author":451,"featured_media":1004091042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747],"tags":[],"class_list":["post-1004091038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Crocker Partners Buys 174 KSF Office Building in Maitland, Fla. - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crocker Partners Buys 174 KSF Office Building in Maitland, Fla.\" \/>\n<meta property=\"og:description\" content=\"Crocker Partners has acquired 851 Trafalgar Court, a 174,048-square-foot office building in Maitland, Fla., and plans to reposition the four-story lakefront building to attract quality tenants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-02-10T15:24:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:22:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/02\/Crockner.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2100\" \/>\n\t<meta property=\"og:image:height\" content=\"1400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Crocker Partners Buys 174 KSF Office Building in Maitland, Fla.\",\"datePublished\":\"2014-02-10T15:24:21+00:00\",\"dateModified\":\"2022-12-08T23:22:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\\\/\"},\"wordCount\":368,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/02\\\/Crockner.jpg\",\"articleSection\":[\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crocker-partners-buys-174-ksf-office-building-in-maitland-fla\\\/\",\"name\":\"Crocker Partners Buys 174 KSF Office Building in Maitland, Fla. - 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