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Three Disney Office Buildings Sold at Estimated Record $200 per SF

ORLANDO-In Central Florida's biggest office deal of the year, Inland Real Estate Acquisitions Inc. of Oak Brook, IL paid an estimated $88 million for 440,000 sf of class A space in three of the four existing office buildings at the 109-acre Celebration Place Office Park in Celebration, FL, 20 miles south of Downtown Orlando.

By Alex Finkelstein | Updated on July 09, 2002

ORLANDO-Inland Real Estate Acquisitions Inc. of Oak Brook, IL, better known for its retail purchases than office acquisitions, has made the buy of the year in Central Florida with the closing on 440,000 sf of class A space in three of the four existing office buildings owned by Walt Disney World Co. at the 109-acre Celebration Place Office Park in Celebration, FL.

Disney built the 5,000-resident Celebration community eight years ago, 20 miles south of Downtown Orlando in Osceola County. The properties are at Interstate 4 and U.S. 192 in the area’s main tourist belt.

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