This is the 5857th most frequent Russian word.
расположено
"Situated" or "located."
Here, the word 'расположена' (located) is used to describe the physical location of the apartment being in a specific place.
Моя квартира расположена недалеко от центра города.
My apartment is located not far from the city center.
In this sentence, 'расположено' (located) provides the positional information of the park relative to the river.
Парк расположено по соседству с рекой.
The park is located next to the river.
This usage of 'расположен' (located) communicates the spatial placement of the office within a multistory building.