The Maitland office of global real estate firm Taurus Investment Holdings paid $950,000 on Monday for land to expand its parking for the Reserve at Maitland office complex on W. Kennedy Boulevard, in Eatonville.
Attorney Ken Clayton, president of Kennedy Commercial LLC, confirmed that his family investment vehicle and a minority stakeholder sold the undeveloped 9.35-acre parcel at 2043 Kennedy Blvd. to a Taurus affiliate, of which 5.56 acres are developable.
Clayton said the new owner has plans to start paving a parking lot soon. "The permitting is already done," he said.
The area is thought of as an incubator for high-tech companies for the City of Eatonville, Clayton said. The office complex borders Maitland as well.
The Claytons and minority stakeholder E.G. Banks own another 15 acres directly west of the future parking lot (7.53 acres developable), which also neighbor the 114,000-square-foot industrial flex-space Kennedy Commerce Center. Clayton did not share details on any sale or development plans for that land.
The Taurus affiliate's investment to expand and improve the 190,000-square-foot Reserve at Maitland follows its purchase of the office complex for $17.1 million in January 2016.
Local officials with Taurus Southern Investments did not respond to requests for comment.