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June 29, 2016 Comments Off on Sun Life Sells 298K-SF Technology Park in Orlando Views: 368 California News, Florida, National News, Southeast

Sun Life Sells 298K-SF Technology Park in Orlando

Sun Life Assurance of Canada struck a deal with Colorado-based Real Capital Solutions to sell its five-building 297,582-square-foot Technology Park in suburban Orlando. The sales price was $21.3 million. Michael Lerner, Mike Davis and Rick Brugge with Cushman & Wakefield represented the seller.

Technology Park consists of five Class A, single-story office, flex and warehouse/distribution buildings at 100, 200, 250, 255 and 525 Technology Pkwy. The portfolio was 58% leased at the time of sale.

“The portfolio’s variety in product type and space configurations provide flexibility when competing for tenants, which is a strategic advantage over its competitors,” Lerner said. “Our client was able to shed a non-core asset at market pricing and the buyer has the opportunity to add significant value through repositioning and lease-up of remaining vacancy.”

Connect with Cushman & Wakefield’s Lerner

Connect with Cushman & Wakefield’s Davis

Connect with Cushman & Wakefield’s Brugge

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