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Florida & Gulf Coast  + Central Florida  + Office  | 
Castle Lanterra Commercial has purchased the University Corporate Center I office building at 3501 Quadrangle Boulevard in Orlando, FL.

Castle Lanterra Commercial’s Orlando Office Acquisiton Adds to Florida Portfolio

Castle Lanterra Commercial has purchased University Corporate Center I, a Class A office building located at 3501 Quadrangle Boulevard in Orlando, FL. The transaction marks Castle Lanterra’s second office acquisition in FL in recent weeks.

“University Corporate Center is in one of the fastest growing markets in the country and sits in a complex of Class A suburban office properties with a very high barrier to entry,” said Elie Rieder, CEO for CL. “This asset offered a unique opportunity to acquire a high-quality office building at an exceptional cost basis with in-place rents significantly below market, providing a mark-to-market opportunity as leases expire – a rarity in this market.”

The 129,087-square-foot University Corporate Center I has been owned and managed since being developed by the Opus Group in 1999. The multi-tenant asset is LEED certified and has had substantial capital improvements made since 2019.


Inside The Story

Castle Lanterra's Rieder

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition