Orlando-based University Park Associates LLP bought the three-building, 17-year-old, 72,500-sf University Park Plaza office building and the 13-year-old, 183,450-sf Colonial Promenade University Park Phase II.
Both properties are at University Boulevard and State Road 436 (Semoran Boulevard)--one of the hottest commercial intersections in metro Orlando.
Philadelphia-based CMS Cos. purchased the 95.9%-leased Colonial Grand at Carrollwood apartment community in Tampa, FL and the 85.3%-occupied Colonial Village at McGehee in Montgomery, AL. Colonial will continue to manage the properties for CMS at an undisclosed fee.
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