Pacer Partners Acquires Orlando Office Portfolio

Cushman & Wakefield has negotiated the sale of a two-building office portfolio within Orlando’s SouthPark Center, a suburban master-planned business park near Orlando International Airport and the city’s tourism corridor. Pacer Partners, a boutique real estate investment and asset management company with offices in New York City and Boston, acquired the 151,479-square-foot portfolio. Executive Director Michael Lerner, Vice Chairman Mike Davis and Executive Director Rick Brugge, with Cushman & Wakefield’s Capital Markets Team, represented AEW Capital Management, a leading global institutional real estate investment manager, in the disposition. The two buildings in the portfolio, 700 and 800 SouthPark Center, are 100 percent leased to a diverse group of credit-worthy, industry-leading companies including Catamaran (subsidiary of UnitedHealth Group), Walgreen’s and Banco de Brasil. Both buildings feature modern two-story construction with large, elegant lobbies a desirable parking ratio of nearly 7 per 1,000 square feet.  

“SouthPark Center is one of Orlando’s premier suburban office parks,” said Lerner. “The high parking ratio at the 700 and 800 buildings is extremely rare and provides a competitive leasing advantage particularly for larger call center operations.”

Situated on 162 acres, SouthPark Center offers more than 1.54 million square feet of single and multi-story Class A office space, with attractive tenant amenities such as an on-site deli, dry cleaner, mobile detailing, a walking trail, outdoor eating areas and dedicated Lynx bus stops. It is conveniently located near the intersection of John Young Parkway and Sand Lake Road, and is minutes from the Orlando International Airport, the Orange County Convention Center, the Florida Turnpike, the Beachline Expressway (Highway 528) and Interstate 4. The business park was developed between 1998 and 2009, and the 700 and 800 buildings are among the newest, built between 2007 and 2008. The buildings are located at 8325 and 8301 South Park Circle.

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