Brookwood marks purchase of Maitland 200 office project

MAITLAND – Brookwood Financial Partners, LLC, a leading real estate investment and asset management company, acquired Maitland 200, a 204,237sf Class A multitenant office building in the Maitland submarket of Orlando.

The property, which sits on a 24.2-acre lakefront parcel and which was originally constructed in 1984, consists of two connected four-story structures with 879 surface parking spaces. The building is 95.7% leased and boasts a mix of government, publicly-traded and investment-grade tenants, including Camp Dresser McKee, Digital Risk, LLC, the Florida Department of Revenue, ADP TotalSource and Penn Mutual Life Insurance Company.

Maitland 200 is located less than one mile from the intersection of I-4. Downtown Orlando and the Orlando International Airport are easily accessible.

“Maitland 200 is well-located in a premier submarket in Orlando and has consistently had an occupancy higher than the market,” said Kurt Zernich, a managing director and director of asset management for Brookwood. “The property has been very well maintained. We are pleased to be making acquisitions of commercial properties in Florida after a seven-year hiatus.”

At the height of the market through 2006, Brookwood sold all of its commercial holdings in Florida, consisting of over 1.5 msf. Including the acquisition of Maitland 200, Brookwood has acquired seven commercial properties in the U.S. over the past 16 months totaling over 1.6 msf of office, industrial and flex space.

The seller of Maitland 200 was represented by CB Richard Ellis.

Maitland 200 is 95.7% leased and boasts a mix of government, publicly-traded and investment-grade tenants, including Camp Dresser McKee, Digital Risk, LLC, the Florida Department of Revenue, ADP TotalSource and Penn Mutual Life Insurance Company.

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