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Florida State Trust Fund Buys Resource Square Two Office Bldg

Banyan Street Capital Sells 124,000-SF Asset
November 15, 2017
The Internal Improvement Trust Fund of the State of Florida has acquired the Resource Square Two office building at 12000 Research Pky in Orlando, FL for $19.1 million, or about $154 per square foot, from Banyan Street Capital.

The four-story, 123,658-square-foot office building delivered in 2000, within the Central Florida Research Park. The asset was just 20 percent occupied at time of sale, and the new owners will utilize the property to house Orlando military personel.

Both parties handled the direct sale in-house.

Please see CoStar COMPS #4046512 for more information on this transaction.
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