I-Drive Office Building Sells For $65M

Jul 27, 2015 No Comments by

Orlando has been a tourist hot spot for decades. Now the booming tourist industry is driving investor spill over into commercial real estate segments beyond hospitality. Namely, office.

JLL represented Lexington Property Trust in the sale of Sea Harbour Office Center, which is located in the heart of Orlando’s tourist corridor. Northridge Capital acquired the eight-story class A office building for $64.675 million.

 

“The City of Orlando broke yet another record in 2014, playing host to more than 62 million visitors and we’re seeing that interest play out within the investment community as well,” said JLL Managing Director Jeff Morris. “Sea Harbor Office Center is one of the most attractive, stabilized and institutional-quality properties the city has to offer and the city’s surging employment fundamentals bode well for its success in future years.”

Sea Harbor Office Center is a fully-leased, 359,514-square-foot class A office building. It sits off International Drive and directly across the street from SeaWorld Orlando. The office building has a neighboring five-level parking structure and three surface parking lots.

 

Source:  GlobeSt.

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Industry News, NA, Office
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