The sale is the largest office transaction in the Orlando market since the 2024 sale of Maitland Summit <\/a>to Charles Schwab, and it points toward a continued recovery for the market that was decimated by COVID five years ago.<\/p>\n The acquisition underscores Cross Ocean\u2019s expanding real estate platform and CP Group\u2019s ongoing strategic investment in high-growth Sunbelt markets, where well-located, premier office properties are supported by resilient tenant demand.<\/p>\n The acquired properties span a mix of suburban and downtown office environments and include:<\/p>\n Central Fairwinds at 135 W. Central Blvd., a prominent 12-story Class A tower with direct access to I-4, totaling 169,600 square feet. Built in 1982, the tower features include a new lobby, common corridors, a conference center, employee collaborative distancing areas, and a renovated Cuban-American caf\u00e9. \u201cThis transaction reflects our continued conviction in high-quality office assets with stable income profiles,\u201d said Terence Kim, Managing Director, US Credit at Cross Ocean. \u201cPartnering with CP Group allows us to leverage their deep operating expertise as we expand our exposure to well-positioned properties in strong growth markets, where we believe pricing presents attractive long-term value.\u201d<\/p>\n \u201cHaving operated in Central Florida for several decades, our firm understands the market and the opportunity to support and enhance these quality assets and the institutional tenancy they attract,\u201d said Josh Edwards, Senior Vice President at CP Group, who oversees the firm\u2019s North and Central Florida and Washington DC markets. \u201cThis acquisition is a strong complement to our existing portfolio, and we look forward to leveraging our experience and local presence to support these long-standing tenants and maintain the historically high occupancy of these assets.\u201d<\/p>\n Notable tenants across the portfolio include the U.S. Army Corps of Engineers, Fairwinds Credit Union, Siemens Energy, Galen College of Nursing, Abbott Rapid Dx, Health First, and the U.S. General Services Administration (GSA), among other leading healthcare, defense, energy, and professional services organizations.<\/p>\n The seller was Vancouver-based City Office REIT, which was acquired and taken private by MCME Carell<\/a> for approximately $1.1 billion. The merger closed last week, coinciding with the Orlando transaction. Previously, City Office REIT sold a Phoenix-based office portfolio<\/a> for $266 million to facilitate the merger.<\/p>\n Robbie McEwan and Matt McCormack of JLL<\/a> represented the seller in the Orlando transaction. McEwan told GrowthSpotter they took a two-fold approach, marketing the properties as a portfolio and as individual assets. \u201cThere was tremendous interest in all of the properties, and there were multiple offers,\u201d he said. \u201cUltimately, the sellers chose the portfolio deal with CP Group and Cross Ocean.\u201d<\/p>\n He said the building locations, strong leasing, and rental rates made the properties especially attractive. \u201cI think there\u2019s potential for updates at some of the properties that could generate higher rental rates,\u201d he added.<\/p>\n CP Group will retain JLL to oversee leasing across these assets, adding to JLL\u2019s existing representation of CP Group\u2019s other Central Florida properties, including Resource Square I & III and Northpoint Center.<\/p>\n Have a tip about Central Florida development? Contact me at\u00a0lkinsler@GrowthSpotter.com<\/a> or (407) 420-6261. Follow GrowthSpotter on\u00a0Facebook<\/a> and\u00a0LinkedIn<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Downtown Orlando\u2019s Fairwinds office tower was one of eight premier office buildings that sold Friday as part of…\n","protected":false},"author":2,"featured_media":115749,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[558,34752,58467,28,2008,114,49760,1335,11477,139,141,140,480,1014,21140],"class_list":["post-115748","post","type-post","status-publish","format-standard","has-post-thumbnail","category-orlando","tag-business","tag-downtown-orlando-developments","tag-downtown-towers","tag-florida","tag-lake-mary","tag-latest-headlines","tag-office-medical","tag-orange-county","tag-orange-county-developments","tag-orlando","tag-orlando-headlines","tag-orlando-news","tag-real-estate","tag-seminole-county","tag-seminole-county-developments"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/115748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=115748"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/115748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/115749"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=115748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=115748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=115748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Research](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/01\/TGS-L-Research-Commons.jpg\")
Research Commons, a four-story building in the Research Park area, is one of the only privately owned buildings located within the Force Protection Zone and adjacent to the Naval Air Systems Command (NAVAIR). (Courtesy of Cross Ocean Partners)<\/p>\n
\n1101 Greenwood in Lake Mary,\u00a0a five-story office building fully leased to healthcare tenants, including Health First and Abbott, totaling 155,048 square feet.
\nResearch Commons and Tech Point I & II in Orlando,\u00a0a four-story building and two two-story buildings, respectively, located within the Research Park area and totaling 188,738 square feet. Serving government and defense users, they are the only privately owned buildings located within the Force Protection Zone and adjacent to the Naval Air Systems Command (NAVAIR).
\nIngenuity Point in Orlando,\u00a0a two-story office building also in the Research Park area, totaling 125,616 square feet.\u00a0
\nUniversity Tech Center in Orlando,\u00a0a two-building flex\/office environment supporting simulation, research, and technology tenants, totaling 83,454 square feet.\u00a0<\/p>\n![\"Ingenuity](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/01\/TGS-L-Ingenuity-Point.jpg\")
Ingenuity Point, a two-story office building in the Research Park area, totaling 125,616 square feet, sold recently to Cross Ocean Partners and CP Group. (Courtesy of Cross Ocean Partners)<\/p>\n