ChampionsGate, Fla. (November 16, 2007) ChampionsGate Resort, the 1,500 acre resort-style town center and luxury golf course community located on its own I-4 exit just south of Walt Disney World, recently sold its three-story, 45,000 square foot office building at 8390 ChampionsGate Blvd. for  $8.8 million.

Marc Reicher, vice president of operations at ChampionsGate, said BGK, a Santa Fe, New Mexico-based investment group, acquired the building.

ChampionsGate and RIDA Associates, LP developed and built the office building five years ago, along with the Greg Norman-designed 36-hole championship golf course and Four-Diamond Omni Resort Hotel at ChampionsGate.

Grubb & Ellis|Commercial Florida  negotiated the sale of the building which  is 100 percent leased, Reicher said.

About ChampionsGate

ChampionsGate (www.ChampionsGate.com) is Floridas premier golf resort community, encompassing some 1,500 acres southwest of Orlando.  ChampionsGate, with its beautifully designed double gates, welcomes visitors off Interstate 4, just south of Walt Disney World Resort.

ChampionsGate is home to the world headquarters of the David Leadbetter Golf Academy, the AAA four-diamond Omni Orlando Resort at ChampionsGate, a flagship resort for Omni Hotels featuring a 10,000 square-foot spa, and two championship golf courses designed by Greg Norman. The community is also host each December to the nationally televised MBNA WorldPoints Father/Son Golf Challenge, which pairs up major championship winners with their sons.

ChampionsGate is being developed by Rida Associates LP as a joint venture by Apollo Real Estate Advisors of New York and Rida Development Corporation of Houston.  ChampionsGate has a projected value of approximately $1 billion and is expected to include 2,864 hotel rooms, 2,136 resort villas, condominiums, townhomes and apartments, 36 holes of golf, and 426,000 square feet of retail space, making ChampionsGate one of the regions largest resort destinations.

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For more information, contact:

Marc S. Reicher, ChampionsGate, 407-397-2500

Christina Balikowsky, ChampsionsGate, 407-397-2500

Larry Vershel or Beth Payan, LV  Communications, 407-644-4142