CBRE to Lease Downtown Orlando Office Portfolio

By Timea Papp

Bank of America Center

Southwest Value Partners has retained CBRE as the exclusive leasing agent for three Class A office buildings totaling more than 1 million square feet in downtown Orlando, Fla. The new owner acquired the assets in a $208.1 million portfolio deal from Cousins Properties in late 2017. JLL will provide property management services for the Bank of America Center, Citrus Center and One Orlando Centre.

Located at 390 N. Orange Ave., the 28-story Bank of America Center encompasses 421,069 square feet and was constructed in 1987. Citrus Center sits at the intersection of Orange Avenue and East Jackson Street, at 255 S. Orange Ave. The 260,751-square-foot building was completed in 1972, and underwent extensive upgrades in 2016, which included a full lobby renovation.

The third property, One Orlando Centre, is situated at 800 N. Magnolia Ave., and comprises 355,783 square feet. The 19-story tower features 20,000-square-foot floor plates. Its uptown location provides access to several multifamily options, hotels, dining, entertainment and retail venues.

Live-Work-Play

The CBRE team of First Vice President Jay Dixon and Associate Tom Rich will spearhead leasing efforts at the properties on behalf of the landlord.

“Each building has a unique offering with a true ‘live-work-play’ environment, giving new tenants three different opportunities with a wide range of office spaces and amenities to choose from,” Dixon said in prepared remarks. “With different size floor plates catering to the needs of various tenant types, current vacancies can accommodate small and large tenants of up to 40,000 square feet.”

Image courtesy of Yardi Matrix