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Florida & Gulf Coast  + Central Florida  + Industrial  | 
TerraCap Management, LLC has sold the Orlando International Business Center, a campus comprised of six single-story flex/industrial buildings in Orlando, FL.

TerraCap Management Sells Six-Building, 196K-SF Flex Office Park in Orlando

Naples, FL-based privately held investment firm TerraCap Management, LLC has sold the Orlando International Business Center, a campus comprised of six single-story flex/industrial buildings totaling 196,000 square feet located in Orlando, FL.

Ron Rogg of CBRE represented TerraCap, which currently has eleven million square feet of commercial assets within its portfolio with $2.5 billion of assets under management, in the transaction.

“Orlando International Business Center’s performance follows our investment thesis of acquiring strategically-located properties in growing/supply constrained markets, and to this end we have implemented this flex/industrial repositioning business plan in several markets across our portfolio footprint,” said Steve Good, TerraCap partner and national director of acquisitions. “Average new and renewal lease rates for this product have provided significant increases from initial in-place rates due to more non-traditional office space needs and increased demand for assembly/distribution space. Our interest in adding this product type to our portfolio is expected to continue into 2023.”

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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
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