Former Fossil HQ Florida Buyer’s First Metroplex Buy

RICHARDSON (CNL Commercial Real Estate) – CNL Commercial Real Estate Inc. of Orlando has acquired the former Fossil Watch Headquarters building through a joint venture investment with CenterSquare Investment Management.

The acquisition includes a 190,000-sf office building and a 130,000-sf warehouse building. The buildings are near I-75 and Campbell Rd.

CNL plans to convert the warehouse into a 400-space parking garage and renovate the single-user office building into a multitenant building.

This marks CNL’s first acquisition in the Metroplex through its recently created CCRE Sponsor Equity Fund I.