Pompano Beach-based Grover Corlew acquired a 21-building, 46-acre office park in Orlando for an undisclosed price.
The property, called Orlando Central Office Park, has 637,380 square feet of office space and an 82 percent occupancy rate.
“We are looking at improvements to the property in the short term with an eye on redevelopment over the next decade,” Anuj Grover, a partner of Grover Corlew, said in a prepared statement.
The office park is located near Orlando Fashion Square Mall, a 1.2 million-square-foot shopping mall undergoing renovation. The renovation project includes construction of a 151-room hotel scheduled to open next year.
Orlando’s central business district is located 3.5 miles west of the Orlando Central Office Park.
Grover Corlew has been an active developer and investor in Florida’s mid-section.
The firm recently redeveloped a former auto dealership in Vero Beach, a project that included construction of a Wawa convenience store, which sold earlier this month for $5.055 million.
In 2014, Grover Corlew sold Summer Palms, a 340-unit apartment complex south of Tampa in Riverview, for $31.7 million.