A joint venture partnership between Crocker Partners and PCCP has acquired Resource Square One and Three, a two-building, class A office portfolio totaling 245,111 square feet in Orlando, Fla.
TerraCap Management was the seller.
“We are delighted with the outcome of this investment,” said Steve Hagenbuckle TerraCap managing partner. “It exemplifies TerraCap’s tactical view on asset and property management as owner operators. These buildings won the top awards from BOMA in 2019, which is a testament to great teamwork. Top submarkets like Orlando remain solid especially when there is outsized employment and population growth creating continual demand.”
Resource Square One and Three are located at 13501 Ingenuity Drive and 12001 Research Parkway, respectively, within Orlando’s Central Florida Research Park, the largest research park in Florida. Adjacent to the University of Central Florida, the properties have easy access to downtown Orlando, Orlando
