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Commercial real estate ownership is fast becoming hot trend. Global Group Investment, Inc, offers its $28 million Professional Center at Lakewood Ranch

Florida-based master developer, Global Group Investment, Inc., brings the office ownership opportunity to Sarasota . Strong trend continues for business professionals to own rather than lease office space fuelled by low interest rates/high lease rates.

  SARASOTA , FLORIDA – December 20, 2004 - The hot trend in commercial real estate for offering office condos for purchase rather than lease is spreading across Florida as master development company, Global Group Investment, Inc., brings its ownership opportunity to Sarasota with the Professional Center at Lakewood Ranch. The prestigious $23 million development of Class A office condominium space is attracting interest from health care professionals, attorneys, accountants, financial services and other service oriented businesses.

“Office condos allow a business to purchase their property without the expense of buying a piece of land and building the structure,” said Albert Myara, exclusive sales agent for the project. “Businesses can purchase as little as 1,400 square feet up to an entire building.”

The development is in a prominent high-exposure location fronting Interstate 75 and University Parkway, adjacent to Lakewood Ranch. The Center is bordered by many blue-chip companies and is minutes away from major shopping and restaurants. Construction of the one and two-story office/medical buildings on the 18-acre lakeside site is expected to be complete by December 2005, with the first businesses moving in by next July. Low interest finance options and fixed rates are also available enabling businesses to save up to 50% over leasing based upon a ten year term of occupancy.

In the present economic climate driven by low interest rates and high rising lease rates, just as with home ownership, many professionals are choosing to purchase rather than lease their property. Attorney, Michael Trinkler, purchased space in the almost completed sister site, Coral Springs Professional Campus. “I was tired of renting. I wanted to have my rent dollars go towards building equity. I looked at other options and this best suited my needs with the combination of location, value and amenities, said Trinkler. “My experience of dealing with Global Group Investment has been spectacular. They were very responsive to our needs.”

Dentist, Glenn Kupfer, D.D.S., is another purchaser at Coral Springs. “Up until now, if you wanted your own building, you would first have to buy the land, get planning permission, hire architects, and engage a contractor to build. It was not viable in terms of cost and time, said Kupfer. “ Now all that’s done for you. All you have to think about is how you want your interior to look. I’ve been waiting for this opportunity for years.”

Frank Petraglia, president of Frank J. Petraglia and Assocs, has purchased space after 32 years of leasing in Coral Springs. “This is ideal for many businesses. When I was leasing I needed more space. Now I have purchased, I have twice as much space for a little more than I was paying for my rented space.”

The ten freestanding one and two story buildings are positioned in a lushly landscaped setting. Buildings in the two-phase development will be sold in whole or in part, as condominium offices, with choices ranging from 1,400-16,000 sq. ft. In addition, the offices have ample 4/1000 parking ratio.

Global Group Investment, Inc., a full-service real estate and development corporation, was established in 1997 and to date has developed several award-winning commercial and retail projects in Florida with a total asset value of more than $137 million, including the Coral Springs Professional Campus, The Weston Medical & Professional Campus, The Shoppes at Heron Lakes, Lake Mary Professional Campus, Orlando, and Beacon Square Professional Campus, Boca Raton.

For more information on Professional Center at Lakewood Ranch contact Richard H. Kingan at 941-302-0796 or visit the website, at www.professionalcenteratlakewoodranch.com