GlobeSt.com EXCLUSIVE: Beverly Hills Tycoon Closes on Second Phase of $22M Deal

ORLANDO-Beverly Hills, CA entrepreneur Jud Ireland is developing a mini-high tech campus in suburban Maitland, FL, closing on the second phase of a $22 million acquisition program that began in February.

Ireland has purchased the two-year-old, 22,000-sf, 100% leased regional headquarters building of the St. Johns River Water Management District for $3.71 million or $144 per sf, one of the highest per-sf prices ever paid for a small office structure in Central Florida, according to GlobeSt.com research.

The two-acre property adjoins the 14-acre, 102,239-sf, 100%-leased Sprint PCS Regional Communications Center that Ireland bought last year from Maitland Springs Inc. and Mike Fess of Orlando-based Equity Partners Inc. for $18.55 million or $180.77 per sf, the highest per-sf price paid for an office product in metro Orlando, according to GlobeSt.com research.