TCM Acquires Five-Building Industrial Park in Orlando
Ten Capital Management has acquired Technology Park, a 297,386-square-foot, five-building industrial park in Orlando’s Lake Mary submarket. The sales price and seller was not disclosed.
Located at 100, 200, 250, 255 and 525 Technology Parkway, the park is the location of several health care, technology, and business services tenants. Recent leasing activity at the Property has resulted in more than 91,000 square feet of new tenants over the last 12 months.
“Florida continues to demonstrate strong fundamentals,” said Paul DiSandro, a TCM Partner and Portfolio Manager. “Technology Park marks our third investment over the past 20 months in Florida, following our office acquisitions in Ft. Lauderdale and Jacksonville in 2020 and 2019, respectively. We anticipate continued strong demand for this Property as well due to its strategic location and its high degree of use flexibility for new and existing tenants.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.