Cross Ocean, CP Group Acquire Central Florida Office Portfolio For $96M

Cross Ocean Partners, in partnership with CP Group, has completed the $96 million acquisition of an eight-building office portfolio across Central Florida.

The portfolio totals 722,456 square feet and spans multiple Orlando-area submarkets. Assets included in the transaction are Central Fairwinds in downtown Orlando, 1101 Greenwood in Lake Mary, as well as Research Commons, Tech Point I and II, Ingenuity Point, and University Tech Center.

At the time of sale, the portfolio was approximately 93% leased, with a diverse tenant roster that includes the U.S. Army Corps of Engineers, Fairwinds Credit Union, Siemens Energy, Galen College of Nursing, Abbott Rapid Dx, Health First, and the U.S. General Services Administration.

The seller was represented by Robbie McEwan and Matt McCormack of JLL. CP Group plans to retain JLL to handle leasing efforts across the newly acquired portfolio.