Raleigh North Carolina Real Estate Investment Trust adds Orlando Office Building

Highwoods Properties has acquired a class A office building, Eolo Park Center in downtown Orlando, for about $40 million. The transaction gives Highwoods (NYSE: HIW) ownership of or an interest in 1.4 million square feet of office properties in downtown Orlando. The investment trust also purchased 0.8 acres of land next to Eola Park Centre for $2 million in a separate transaction. The land can hold as much 224,000 square feet of office space.

Orlando industrial properties acquired.

Boston-based investment firm Eaton Vance Corp has purchased two large Orlando industrial properties totaling about $64 million. The first purchase was the 493,000-square-foot Daimler Chrysler parts distribution building adjacent to the Orlando International Airport. Also included was a 225,000-square-foot manufacturing facility currently on a long-term lease with Sealy Corp which the bedding manufacturer recently had built.

Orlando commercial real estate investment company sets new record high for office space purchase

Orlando based Eola Capital bought a 19-story, Class A office building from of Orlando for $90.6 million. The property, One Orlando Center, contains a total square footage of 356,000, the sales price equates to $255 per square foot, a record in the Orlando market. Built in 1987 One Orlando Centre is one of the premier office buildings in downtown Orlando. The building includes an adjacent, eight-story parking facility.

Boston, MA based commercial real estate investment firm adds Orlando industrial properties to it's portfolio

Eaton Vance Corp, a Boston-based investment firm has purchased two large Orlando industrial properties totaling about $64 million. The first purchase was the 493,000-square-foot Daimler Chrysler parts distribution building adjacent to the Orlando International Airport for $44.2 million. The transaction includes land capable of expanding the existing facility by an additional 120,000 square feet.

Also included was a 225,000-square-foot manufacturing facility that was purchased for $11.2 million. The facility has a long-term lease with Sealy Corp., a leading bedding manufacturer which recently had the structure built. "The Orlando industrial market has been very strong, and we are delighted to invest in this dynamic area," says K.C. Swartzel, director of acquisitions and dispositions for Eaton Vance's real estate investment group.