{"id":1004162714,"date":"2016-12-29T05:55:27","date_gmt":"2016-12-29T13:55:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004162714"},"modified":"2022-12-08T06:33:43","modified_gmt":"2022-12-08T14:33:43","slug":"grover-corlew-nabs-46-acre-office-park-in-booming-orlando","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/grover-corlew-nabs-46-acre-office-park-in-booming-orlando\/","title":{"rendered":"Grover Corlew Nabs 46-Acre Office Park in Booming Orlando"},"content":{"rendered":"

By Laura Calugar<\/p>\n

\"One<\/a>

One of the buildings in Orlando Central Office Park, Fla.<\/p><\/div>\n

Orlando<\/strong>\u2014G&C OC Investors LLC, an affiliate of Florida-based real estate investment management group Grover Corlew, has acquired Orlando Central Office Park, the largest single parcel in Orlando. The sale price of the 46-acre park was not disclosed. Grover Corlew will manage the property and Tower Realty will continue as the leasing agent. CBRE assisted G&C OC Investors with the project financing.<\/p>\n

Located at 3555 Maguire Blvd., at approximately 4 miles east of Orlando\u2019s central business district, the office park is immediately adjacent to Baldwin Park, one of Orlando\u2019s few \u201clive, work, play\u201d communities. The property is just five minutes north of the City of Winter Park, one of Central Florida\u2019s most affluent suburbs, well-known for its historic roots and high-end retail.<\/p>\n

The 21-building, 637,380-square-foot office park is 82 percent leased, with suites available ranging in size from 800 to more than 20,000 square feet. According to Yardi Matrix data, the property has one- and two-story buildings, 10 elevators and more than 3,170 parking spaces. Orlando Central Office Park was built in five phases, starting in 1966.<\/p>\n

\"The<\/a>

The 46-acre parcel in Central Orlando, Fla.<\/p><\/div>\n

\u201cThis is a landmark property and an exceptional investment opportunity for us. Orlando Central\u2019s submarket is undergoing a transformation as sites are being redeveloped in the immediate area. We are looking at improvements to the property in the short term, with an eye on redevelopment over the next decade. The potential of Orlando Central is extraordinary,\u201d said Anuj Grover, principal at Grover Corlew, in prepared remarks.<\/p>\n

Orlando Central Office Park is also situated north of East Colonial Drive, across from Orlando Fashion Square Mall, a 1.2-million-square-foot center that is undergoing a complete renovation. The facelift includes a $26 million, 151-key eco-friendly hotel, as well as a 356-unit, $50 million Class A multifamily complex developed by Trammel Crow Residential in the northeast corner of the mall\u2019s commercial space.<\/p>\n

\u201cThere is no question that Orlando is a thriving community, which will only continue to become more desirable as Florida\u2019s population continues to grow,\u201d said Mark Corlew, principal at Grover Corlew.<\/p>\n

Images courtesy of Yardi Matrix and Business Wire <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The new owner plans to improve and redevelop the 21-building property over the next decade. <\/p>\n","protected":false},"author":238,"featured_media":1004162715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1493],"tags":[32789,33304,33302,33303,32785],"class_list":["post-1004162714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-orlando","tag-cbre","tag-fashion-square-mall","tag-grover-corlew","tag-tower-realty-partners-inc","tag-yardi-matrix"],"acf":[],"yoast_head":"\nGrover Corlew Nabs 46-Acre Office Park in Booming 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\/grover-corlew-nabs-46-acre-office-park-in-booming-orlando\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grover Corlew Nabs 46-Acre Office Park in Booming Orlando\" \/>\n<meta property=\"og:description\" content=\"The new owner plans to improve and redevelop the 21-building property over the next decade.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/grover-corlew-nabs-46-acre-office-park-in-booming-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=\"2016-12-29T13:55:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T14:33:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Orlando-Central-Office-Park-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\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\/grover-corlew-nabs-46-acre-office-park-in-booming-orlando\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/grover-corlew-nabs-46-acre-office-park-in-booming-orlando\/\",\"name\":\"Grover Corlew Nabs 46-Acre Office Park in Booming Orlando - 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