San Diego firm pays $208.1M for 3 office buildings in downtown Orlando

The seller, Atlanta-based Cousins Properties, also just sold its interest in the Courvoisier Center in Miami

The Bank of America Center in downtown Orlando
The Bank of America Center in downtown Orlando

An investment firm based in San Diego, California, paid $208.1 million for three office buildings that define much of the downtown skyline in Orlando. San Diego-based Southwest Value Partners bought the 27-story Bank of America Center, 19-story One Orlando Centre and 18-story Citrus Center, which have a combined total of one million square feet. The seller was Atlanta-based Cousins Properties, which recently sold its 20 percent interest in Courvoisier Center, a 343,000-square-foot office building in Miami’s Brickell Key area, for $33.9 million.

The three-building deal in downtown Orlando  follows other high-priced property investments there in the last year, including the Blackstone Group’s $105 million purchase of the 55 West apartment tower in April. Church Street Plaza, a mixed-use development in downtown Orlando with 200,000 square feet of office space and a 180-room hotel, has drawn a $74.8 million construction loan. [Orlando Sentinel] — Mike Seemuth

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