August 27, 2007 Monday
Taurus sells Research Park portfolio for $50.4M<
By: Dan Ping
ORLANDO-Taurus Southern Investments LLC has sold a five-building office portfolio at Central Florida Research Park for $50.4 million.
Totaling 272,201 square feet, the portfolio was purchased by G&I V Technology Point LLC, a partnership of Maitland-based Tower Realty Partners Inc. and DRA Advisors of New York City.
The properties include:
- The four-story, 129,982-square-foot Research Commons office building at 12249 Science Drive, built in 1989
- The two-story, 83,454-square-foot University TechCenter flex office buildings at 12501 and 12565 Research Parkway, built in 1998
- The two-story, 58,765-square-foot Technology Point I and II office buildings at 3045 and 3051 Technology Parkway, built in 1986 and 1989, respectively
Ron Rogg of CB Richard Ellis and Jeff McFadden and Heidi Adams of McFadden Realty Advisors Inc. represented the seller.
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