Grover Corlew acquires Orlando Central Office Park for $50m

Grover Corlew, based in Pompano Beach, has picked up the Orlando Central Office Park in Orlando. The property is located 3.5 miles east of Orlando’s central business district, just off East Colonial Drive and across the street from the Fashion Square Mall. The 21 building, 46 acre office park has 637,380 square feet of office space and was 82 percent leased at the time of the sale. The asset changed hands for $50 million from the seller, New York, New York-based DRA CRT Orlando Central Center LLC

“There is no question that Orlando is a thriving community which will only continue to become more desirable as Florida’s population continues to grow,” said Partner Mark Corlew, Grover Corlew. “We consider Orlando to be a strategic and important market to our organization as we continue to expand our footprint throughout the state. We are looking at improvements to the property in the short term with an eye on redevelopment over the next decade.”