Crocker Partners Purchases Northpoint Center in Lake Mary, Florida

ORLANDO, Fla., Oct. 29, 2018 /PRNewswire/ -- Crocker Partners announced acquisition of Northpoint Center in Lake Mary, Florida, which officially closed on October 17. The asset consists of three Class-A office buildings totaling approximately 335,000 square feet in one of the most desirable submarkets in greater Orlando.

Acquired in a joint venture with an institutional investor for an undisclosed price, the acquisition brings Crocker Partners' Orlando portfolio to approximately 900,000 square feet. Overall, the Boca-based firm is Florida's largest Class-A office landlord with over 9.8 million square feet in the state.

"We are thrilled to expand our presence in the Orlando market with such a unique and attractive asset as Northpoint," said Josh Edwards, Senior Vice President at Crocker Partners. "With the robust population growth in the surrounding area, it was an ideal addition to our portfolio."

Northpoint Center offers lakeside views, on-site management and all buildings are Energy Star rated. Amenities include a full-service fitness center with shower and locker facilities. Its position along Interstate-4, Orlando's busiest thoroughfare, affords ideal accessibility for the approximately 2.8 million people residing within a one-hour drive of the property. CBRE was awarded the leasing assignment.

"Crocker Partners has an established presence in Central Florida and it is encouraging to see them continue to invest in our community," said Sandy Chace, Senior Vice President at CBRE.

"CBRE is appreciative of the opportunity and is looking forward to making Northpoint Center a success story for all of its stakeholders – tenants, owner, and partners."

ABOUT CROCKER PARTNERS
Active in the commercial real estate business for over 25 years, Crocker Partners, LLC has established a reputation as a premier owner, operator, and developer of office and mixed-use projects throughout the Southeast and Southwest United States. Since 1993, Crocker Partners has acquired and managed over 149 properties, totaling 44.3 million square feet and representing $5.2 billion invested. They are currently Florida's largest office landlord and ranked 46^th largest office owner. Headquartered in Boca Raton, Florida, Crocker Partners also has regional offices in Miami, Jacksonville and Atlanta.

Contact:
Giana Pacinelli, Marketing Director
561-537-4565 | [email protected]

SOURCE Crocker Partners

Related Links

http://www.crockerpartners.com

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