{"id":1004392574,"date":"2020-02-19T01:12:14","date_gmt":"2020-02-19T09:12:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004392574"},"modified":"2020-02-19T01:12:14","modified_gmt":"2020-02-19T09:12:14","slug":"suburban-orlando-office-asset-trades-for-28m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/suburban-orlando-office-asset-trades-for-28m\/","title":{"rendered":"Suburban Orlando Office Asset Trades for $28M"},"content":{"rendered":"<div id=\"attachment_1004392583\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Maitland-Lakes.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004392583\" data-attachment-id=\"1004392583\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/suburban-orlando-office-asset-trades-for-28m\/maitland-lakes\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Maitland-Lakes.jpg\" data-orig-size=\"1000,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Maitland Lakes\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Maitland Lakes&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Maitland-Lakes.jpg?w=1000\" class=\"wp-image-1004392583 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Maitland-Lakes.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Maitland-Lakes.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Maitland-Lakes.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Maitland-Lakes.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004392583\" class=\"wp-caption-text\">Maitland Lakes<\/p><\/div>\n<p>Crocker Partners has sold Maitland Lakes, a 174,000-square-foot office property near Orlando, Fla., to Brightman-Gil Real Estate Investments for $28.2 million. The new owner financed the acquisition with a seven-year, $18.6 million loan provided by Reinsurance Group of America, according to Yardi Matrix. CBRE represented the seller.&nbsp;<\/p>\n<p>The property last traded in 2014 when Crocker purchased it from GID for $14.9 million. In the six years that followed, the firm brought the asset\u2019s occupancy to 91 percent. The tenant mix includes Sprint, Wiley and North American Title Co., according to Yardi Matrix.<\/p>\n<p>Located alongside Interstate 4 at 851 Trafalgar Court in Maitland, Fla., the property opened its doors in 1984. In 2016, Crocker renovated the building by upgrading elevators, improving common areas and completely redesigning the on-site caf\u00e9.<\/p>\n<p>With this purchase, Crocker has continued its expansion in Central Florida. In January, the firm partnered with PCCP to <a href=\"https:\/\/www.commercialsearch.com\/news\/pccp-crocker-buy-2-orlando-office-assets\/\">purchase Resource I &amp; III<\/a>, a portfolio totaling 245,111 square feet. The assets traded for $50.4 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 174,000-square-foot building changed hands for nearly double the price it sold for in 2014.<\/p>\n","protected":false},"author":867,"featured_media":1004392583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1493],"tags":[32789,33742,48761,39218],"class_list":["post-1004392574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-orlando","tag-cbre","tag-crocker-partners-llc","tag-gid-development-group","tag-reinsurance-group-of-america"],"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>Suburban Orlando Office Asset Trades for $28M - 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\/suburban-orlando-office-asset-trades-for-28m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburban Orlando Office Asset Trades for $28M\" \/>\n<meta property=\"og:description\" content=\"The 174,000-square-foot building changed hands for nearly double the price it sold for in 2014.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/suburban-orlando-office-asset-trades-for-28m\/\" \/>\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=\"2020-02-19T09:12:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Maitland-Lakes.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\\\/suburban-orlando-office-asset-trades-for-28m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-orlando-office-asset-trades-for-28m\\\/\"},\"author\":{\"name\":\"Pavel Cazacu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"headline\":\"Suburban Orlando Office Asset Trades for $28M\",\"datePublished\":\"2020-02-19T09:12:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-orlando-office-asset-trades-for-28m\\\/\"},\"wordCount\":171,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-orlando-office-asset-trades-for-28m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/02\\\/Maitland-Lakes.jpg\",\"keywords\":[\"CBRE\",\"Crocker Partners LLC\",\"GID Development Group\",\"Reinsurance Group of America\"],\"articleSection\":[\"Deals\",\"Investment\",\"News\",\"Office\",\"Orlando\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-orlando-office-asset-trades-for-28m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-orlando-office-asset-trades-for-28m\\\/\",\"name\":\"Suburban Orlando Office Asset Trades for $28M - 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