By Inman News, Wednesday, May 9, 2007. A joint venture sold its 356,000-square-foot office tower in Orlando, Fla., for $90.6 million, reportedly a record price per square foot in that market.
The Praedium Group LLC and Tower Realty Partners Inc. commanded $255 per square foot from buyer Eola Capital, a price that beat the previous record by more than 10 percent, according to a press statement.
The 19-story property, One Orlando Centre, was built in 1987 and includes an adjacent eight-story parking facility. more...