{"id":1004146924,"date":"2016-06-29T01:44:12","date_gmt":"2016-06-29T09:44:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004146924"},"modified":"2022-03-03T10:08:20","modified_gmt":"2022-03-03T18:08:20","slug":"cw-lends-a-hand-in-orlando","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cw-lends-a-hand-in-orlando\/","title":{"rendered":"C&W Lends a Hand in Orlando"},"content":{"rendered":"

By Robert Demeter<\/em><\/p>\n

\"Technology<\/a>

Technology Park<\/em><\/p><\/div>\n

Orlando<\/strong>\u2014Cushman & Wakefield<\/a> has negotiated the sale of Technology Park, a five-building, 297,582-square-foot office, flex and warehouse\/distribution portfolio in Lake Mary, which is part of the Orlando metro<\/a>\u00a0in Seminole County.<\/p>\n

Colorado-based Real Capital Solutions<\/a> acquired the asset from Canada-based Sun Life Assurance Co.<\/a> for $21.3 million ($72 per square-foot). The seller was represented by Cushman & Wakefield’s capital markets team led by Michael Lerner and Rick Brugge, senior directors, and Mike Davis, executive director.<\/p>\n

Technology Park features five Class A single-story office, flex and warehouse\/distribution buildings located at 100, 200, 250, 255 and 525 Technology Parkway. Buildings 100 and 525 are flex buildings with office build-out varying by suite, while building 200 is a warehouse\/distribution building featuring both dock-high and grade-level doors, as well as a 24-foot clear height. Building 250 and 255 were originally developed as warehouse\/distribution buildings, but have since been converted to Class A office space with a small warehouse component.<\/p>\n

At the time of the sale, the park was 58 percent leased. Notable tenants include FARO Technologies and CuraScript.<\/p>\n

\u201cThe portfolio\u2019s variety in product type and space configurations provide flexibility when competing for tenants, which is a strategic advantage over its competitors,\u201d Lerner said in prepared remarks. \u201cOur client was able to shed a non-core asset at market pricing and the buyer has the opportunity to add significant value through repositioning and lease-up of remaining vacancy.\u201d<\/p>\n

Earlier this month, Cushman & Wakefield brokered a $32 million sale<\/a> of an 187,000-square-foot office campus located in Tampa<\/a>.<\/p>\n

Courtesy photo<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Technology Park features five Class A office, flex and warehouse\/distribution buildings totaling more than 297,000 square feet.<\/p>\n","protected":false},"author":59,"featured_media":1004146927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,21747,1493],"tags":[],"class_list":["post-1004146924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","category-office","category-orlando"],"acf":[],"yoast_head":"\nC&W Lends a Hand in Orlando - 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\/cw-lends-a-hand-in-orlando\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"C&W Lends a Hand in Orlando\" \/>\n<meta property=\"og:description\" content=\"Technology Park features five Class A office, flex and warehouse\/distribution buildings totaling more than 297,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cw-lends-a-hand-in-orlando\/\" \/>\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=\"2016-06-29T09:44:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T18:08:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/technology-park-photo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3000\" \/>\n\t<meta property=\"og:image:height\" content=\"2000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Demeter\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cw-lends-a-hand-in-orlando\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cw-lends-a-hand-in-orlando\/\",\"name\":\"C&W Lends a Hand in Orlando - 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