Parkway Properties Inc. acquired Maitland 200, a 206,000-square-foot, four-story office building in Orlando, Fla.
The value of the transaction was $26.3 million.
Maitland 200 was constructed in 1984 and includes 885 surface parking spaces on 10.27 acres. Maitland Center, the largest suburban office submarket in Orlando, is a mixed-use development containing approximately 5.5 million square feet of office space.
The property was 96 percent occupied at the time of sale. Tenants include Charles Schwab and the Florida Department of Revenue.
Parkway Properties Inc. is a self-administered real estate investment trust specializing in office properties.
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