Zaragon Buys Orlando Office Building

The fully leased asset, part of the Central Florida Research Park, sold for double the price it was acquired for in 2017. A JLL team assisted the seller in the disposition.
Technology One
Technology One. Image via Google Street View

Equity Partners Inc. has sold Technology One, a 31,872-square-foot office building in Orlando, Fla. Zaragon Inc. acquired the asset for $7.6 million. JLL represented the seller and procured the buyer in the deal. According to Orange County records, the property last traded in 2017 for $3.5 million.

Technology One sits on 3.3 acres at 3050 Technology Parkway within the Central Florida Research Park, the largest research park in Florida. The entire complex encompasses 65 buildings spread across more than 1,000 acres. Technology One is less than 1 mile south of the University of Central Florida, across the street from IDE Orlando. Alafaya Commons shopping mall is less than 2 miles south of the building, and the Research Park holds several hotels. Completed in 1999, the single-story asset is fully leased to two simulation companies, Cole Engineering and Bohemia Interactive.

JLL Senior Director Robbie McEwan and Associate Ryan Stoffer led the company’s Capital Markets team representing the seller in the transaction. A JLL team has recently brokered the $270 million sale of a 1.8 million-square-foot office campus in Charlotte, N.C.