CBRE Arranges Sale Of Lake Mary Office Building

Jun 03, 2019 No Comments by

CBRE announced the $15 million sale of Contact Pointe, a 92,127-sq.-ft., class A office building located in Lake Mary.

CBRE’s Ron Rogg and Chip Wooten represented the seller, Orlando-based Tower Realty Partners and TriGate Capital Partners (Dallas).

 

“Currently 100% occupied with strong tenants, including AT&T and Falck USA, this asset provides new ownership predictable income and steady rent growth in Orlando’s strongest suburban office submarket,” said Rogg, executive vice president at CBRE.

The buyer was Exeter Property Group.

Lake Mary is one of Orlando’s premier suburban submarkets. It has experienced strong growth over the last decade and has become a preferred location for executive housing boasting some of the strongest demographics in Central Florida. Additionally, the strategic location near the area’s largest employers and proximity to Interstate-4 provides unparalleled access, strong barriers to entry, and attracts a diversified tenant base.

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Industry News, NA, Office
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