Maitland-based Taurus Southern Investments has purchased the three building Reserve at Maitland office complex for $17.1 million. Built in 2001, the 190,000 sq ft complex is located in the Orlando sub-market of Maitland on Keller Road. Trading for $90 per square foot, the property was 62 percent leased at the time of the sale. The seller, FDG Maitland LLC, an entity related to Coral Gables-based Flagler Development, bought the building in 2008.
“We liked the positioning of the buildings, high parking ratio and the blocks of space that are available, because larger spaces are getting chewed up pretty quickly now,” McFadden told Orlando Business Journal. The largest available space in the building is about 50,000 square feet. “The market is certainly tighter now. Flagler wanted to sell, and we wanted to buy.”
