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DTZ DTZ Division Tactical Zone  Rockwood has been retained on an exclusive basis by the RREEF Funds for the disposition of Maitland Green I & II, two adjacent four-story suburban office buildings totaling 194,671 s/f, located in Maitland, Orange County, Florida Orange County is a county located in the U.S. state of Florida and is part of the Orlando-Kissimmee Metropolitan Statistical Area (MSA). As of 2006 Census Bureau estimates, the population is 1,043,500. [1] The county seat is Orlando. .

The properties include Maitland Green I, a 100% occupied, 110,959 s/f office building completed in 1986, and Maitland Green II, an 85% occupied, 83,712 s/f office building completed in 1998, bringing total occupancy to approximately 94%. The properties are historically well-maintained Class A institutional quality properties with strong occupancy and stable, credit-worthy tenancy. Upside will be provided through lease-up of vacant space as well as scheduled increases in current leases. Notable tenants include Fidelity National Information Services Fidelity National Information Services, also known as FNIS or FIS, is a public corporation formed on February 1, 2006 when Certegy Inc. merged with Fidelity Information Services, a subsidiary of Fidelity National Financial. , Apollo Group Apollo Group, Inc. NASDAQ: APOL is an S&P 500 corporation based in Phoenix, Arizona. Apollo Group, Inc., through its subsidiaries, provides higher education to working adults. , Inc., Florida Gas Transmission Florida Gas Transmission is a natural gas pipeline which brings gas from Texas, Louisiana, Mississippi, and Alabama into Florida. It is owned by 50% by Southern Natural Gas and 50% by CrossCountry Energy. Its FERC code is 34.  Company and First Magnus Financial Corporation, which comprise 72% of the net rentable area of the properties.

Ideally located near Interstate 4 in Maitland Center, this offering is a rare opportunity in a market with limited projected new construction.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Jul 19, 2006
Words:164
Previous Article:Westchester office market stays stable in '06.
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