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Access here alternative investment news about Orlando | Crec | Office Space | Lake Mary
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Orlando | Crec | Office Space | Lake Mary

by posted 6months ago 38 views
The principals of CREC sold a renovated office building in the Orlando area for $10 million, more than double the price the company paid for the property five years ago. The three-story office building had a 47 percent occupancy rate when CREC acquired it in 2013 for $4.3 million. CREC then renovated the property and drove the occupancy rate to 97 percent. Merrill Lynch, Valley National Bank and Hylant Insurance are the biggest tenants. The ... [more]

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