ORLANDO—Crocker Partners just acquired two recently foreclosed Florida office parks. The distressed assets acquisitions add more than 1.3 million square feet to the company's portfolio.

Crocker acquired Freedom Commerce Center, a 752,000-square-foot, seven-building complex in Jacksonville, for $28 million. Crocker also snapped up Orlando University Center, a 386,000-square foot, five-building center, for $33.5 million. Crocker Partners previously owned the assets and sold them in 2005 to a private equity firm.

“We are well positioned to add value for our investors with these two new assets,” says Crocker managing partner Tom Crocker. “By employing aggressive asset management and leasing strategies, we expect to reposition the assets in an improving economy allowing us to achieve outsized returns.”