Grubb & EllisCommercial Florida negotiates $2 Million Sale of Semoran Park Office Building in Orlando
ORLANDO, Fla. - Grubb & EllisCommercial Florida recently negotiated the $2,000,000.00 sale price for Semoran Park, a professional office building at 1277 N. Semoran Blvd. (SR 436) in Orlando.
Jay Dixon, vice president and associate Jerry Thornbury in the Office Group at Grubb & EllisCommercial Florida, brokered the transaction representing the buyer, Orlando-based Orange Crown Holdings, LLC and the seller, Semoran Park Condominiums, LLC of Orlando.
Semoran Park, with 19,136 total square feet of Class A office space, was built in 2000 and was 72.6 percent leased at the time of sale. Major tenants include Semoran Park Family Physicians and Semoran Law Center.
Contact:
Jay Dixon, 407-481-5832, jdixon@commercialfl.com
Jerry Thornbury 407-481-5385, Jthornbury@commercialfl.com
Jeff Sweeney, 407-481-5387, Jsweeney@commercialfl.com
Larry Vershel 407-644-4142
About Grubb & EllisCommercial Florida:
Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 40 brokers divided among its Orlando, Melbourne and Tampa offices to serve the entire mid-Florida marketplace.
About Grubb & Ellis:
Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges, mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
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