Search
 

Eola Capital Buys Maitland Center Assets for $50M

ORLANDO-The locally based company adds to its Orlando portfolio with the acquisition of the 266,881-sf Maitland Forum and 102,169-sf Park Center buildings.

By Natalie Keith | Updated on November 28, 2007

ORLANDO-Locally based Eola Capital has acquired two office buildings in Maitland Center for $50 million.

The buildings acquired were the four-story, 266,881-sf Maitland Forum building at 2600 Lake Lucien Drive and the four-story, 102,169-sf Park Center building at 2500 Maitland Center Parkway. Both contain on-site cafes, large floor plates and a four space per 1,000-sf parking ratio.

“Maitland Center is one of the tightest submarkets in Florida,” says Eola Capital founder and CEO Jim Heistand, in a prepared statement. “With this acquisition, we’re strengthening our position in one of the Southeast’s strongest markets. Orlando, and especially Maitland Center, has a lot of potential right now, with strong employment, single-digit vacancy and rental-rate growth that we expect to continue.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.