Taurus Investment Holdings, LLC (“Taurus”) announced today the successful acquisition of North Lake Business Park, comprised of 15 single-story office and flex buildings, totaling 271,406 square feet, on 28.9 acres. Leased to 39 national and international firms, the property is currently 86% occupied by such notable tenants as BioPlus Speciality Pharmacy, Wood Group, and Eizo Rugged Solutions. Taurus acquired the property for a purchase price of $28,500,000.
“Taurus has been investing in the Orlando office market for over 25 years and maintains strong confidence in its resiliency and future growth potential. We found the Northlake acquisition particularly attractive due to its location and the tenants’ ability to completely control their employee and client environments.” says Peter A. Merrigan, CEO of Taurus Investment Holdings.
Located in Altamonte Springs, North Lake Business Park is less than eight miles from downtown Orlando and benefits from great visibility due to its half-mile of frontage on Interstate 4, Orlando’s most traveled thoroughfare, which averages over 143,000 vehicles per day. The property is further enhanced with immediate access to a large amenity base which includes hotels, retail shopping centers, and restaurants, all located just minutes away.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.