Office Real Estate Developments

  • Parkway pays $16M for office portfolio at Maitland Concourse

    Parkway pays $16M for office portfolio at Maitland Concourse

    A veteran Orlando real estate investor paid $16 million this week for a trio of office buildings across from the Maitland Concourse North mixed-use project. Parkway CEO Jim Heistand told GrowthSpotter the new construction and amenities coming in across the street will add value to the Maitland...

  • GrayPointe plans one-story offices in Central Florida Research Park

    GrayPointe plans one-story offices in Central Florida Research Park

    A single-story office building is in the works for Research Parkway near UCF under a partnership between GrayPointe Capital of Orlando and New Market Strategies of Stuart, after purchasing 13 acres and planning approximately 100,000 square feet built to suit corporate tenants. “It will be a little...

  • Owens Realty secures balance of Baldwin Park office portfolio for $13M

    Owens Realty secures balance of Baldwin Park office portfolio for $13M

    Owens Realty Capital has secured two Class A office buildings in Baldwin Park, completing the portfolio purchase initiated two years ago in the mixed-use district. The Orlando-based investment management firm paid $13 million on Friday for the buildings known as Baldwin I and Baldwin II, both on...

  • Orlando Health plans Randal Park medical campus and hospital

    Orlando Health plans Randal Park medical campus and hospital

    Orlando Health confirmed plans for a multi-phased medical campus, including a future hospital, at a prime corner in Orlando's Randal Park community. The nonprofit healthcare system paid $9.9 million in June for the 15-acre parcel, previously slated for a grocery-anchored retail center, at the northeast...

  • Meritage plans 200 townhomes in Ocoee off S.R. 429 & West Orange Trail

    Meritage plans 200 townhomes in Ocoee off S.R. 429 & West Orange Trail

    Meritage Homes is looking to build 200 townhomes on 29 acres in Ocoee on the West Orange Trail just west of State Road 429. The Greens at Forest Lake community is expected to begin construction a year from now, said Adam Schott, Director of Land Acquisition for Meritage, and will include homes...

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  • Canadian developer preps first U.S. medical office venture in Orlando

    Canadian developer preps first U.S. medical office venture in Orlando

    Principals behind Canadian commercial developer KB Group are preparing a Florida market entry by way of Orlando, filing plans Monday for a new medical office building near Lake Nona and an eye for more land in the region to pursue independent senior living.  Located in the 11700 block of Narcoossee...

  • Developer’s attorney: strong case still to be made for controversial River Cross project

    Developer’s attorney: strong case still to be made for controversial River Cross project

    Despite an emphatic rejection by Seminole County planners, an attorney for developer and former state legislator Chris Dorworth said he has a strong chance of prevailing when county commissioners are asked to approve his 670-acre River Cross mixed-use development in August. The development, for...

  • Ocoee picks design-build team finalists for new City Hall project

    Ocoee picks design-build team finalists for new City Hall project

    Three local design-build teams have been chosen as finalists to work on Ocoee's new City Hall project, with price proposals and their architectural pitches to come by September.  City commissioners settled on a design style back in January for the new City Hall, with the design criteria package...

  • Miami investor pays $11M for Lake Nona medical office built by Tim Majors

    Miami investor pays $11M for Lake Nona medical office built by Tim Majors

    A newly constructed "Medical Village at Lake Nona" office building, which up until six months ago was controlled by local developer Tim Majors, fetched $11 million on Wednesday. Miami-based PrimeMed Realty purchased the asset, its third medical office building in the Greater Orlando market, after...

  • Local construction crane supplier buys Orlando warehouse property to expand

    Local construction crane supplier buys Orlando warehouse property to expand

    One of Greater Orlando's leading parts suppliers for construction cranes paid $1.425 million on Friday to expand locally, buying its own warehouse with direct rail access.  Located at 3001 Hansrob Road, the one-acre property lies in northwest Orlando off of Silver Star Road, with a 15,251-square-foot...

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  • Local CRE investment family buys office bldg on prominent Winter Park corner

    Local CRE investment family buys office bldg on prominent Winter Park corner

    A veteran local real estate investor and her family paid $3.23 million on June 28 for a vacant office building in Winter Park, the latest in a year-long assemblage of more than half a block at one of the city's notable intersections. Located at 1133 W. Morse Blvd., the former SESCO Lighting headquarters...

  • Kissimmee investor pays $1M for medical office building near hospital

    Kissimmee investor pays $1M for medical office building near hospital

    Kissimmee real estate investor Dharmesh Patel came out on top in a recent bidding war for a fully renovated and leased medical building about a block north of Osceola Regional Medical Center. Patel's Harsh Investment LLC paid just over $1 million on June 15 for the 5,256-square-foot building at...

  • Local doctors bring Windermere land under contract for medical office complex

    Local doctors bring Windermere land under contract for medical office complex

    A pair of local medical doctors hold nearly five acres under contract in the Summerport Village district of Windermere, with plans for a multi-purpose medical office complex meant to capitalize on rapid residential growth in west Orange County. Located on the northern side of the intersection of...

  • NAREE18: Technology, design and service transforming office sector

    NAREE18: Technology, design and service transforming office sector

    In the ever-competitive office sector, landlords and developers are turning to new tech advances, luxury amenities and hotel-quality service levels to compete for tenants, according to industry leaders at the National Association of Real Estate Editors Spring Conference in Las Vegas. "There is...

  • SugarOak & JV partner pay $4.2M for Maitland office bldg facing foreclosure

    SugarOak & JV partner pay $4.2M for Maitland office bldg facing foreclosure

    Virginia-based commercial investor SugarOak Holdings paid $4.2 million on Wednesday for a Maitland Center office property under threat of foreclosure, an off-market value through a joint venture with the property manager. Located at 2450 Maitland Center Parkway, the Class A "Park Place" building...

  • Highwoods office leasing veteran honored by Orlando, peers ahead of retirement

    Highwoods office leasing veteran honored by Orlando, peers ahead of retirement

    With more than 33 years in Orlando's commercial office and development industry, Highwoods Properties' Director of Leasing Catherine Reeves earned a day named in her honor on Thursday. It comes a week ahead of the planned retirement for one of this CRE market's leaders in peer mentoring and volunteerism. ...

  • Highwoods preps beautification investment options for Lake Eola office tower

    Highwoods preps beautification investment options for Lake Eola office tower

    Highwoods Properties is exploring a sizable investment in redesigning the hardscape and landscape frontage for one of its most recognizable office buildings in downtown Orlando.  Located at 200 E. Robinson St. on the southeast corner with Rosalind Avenue and Lake Eola, the 14-story Eola Park Centre...

  • TD Bank preps corporate office move from Winter Park to downtown Orlando tower

    TD Bank preps corporate office move from Winter Park to downtown Orlando tower

    TD Bank is preparing to move its local corporate offices from Winter Park to downtown Orlando, lining up space and branding rights on a prominent 15-story tower south of Lake Eola.  The company filed new sign applications with the City of Orlando to apply its green and white logo atop Highwoods...

  • Local physicians close on Winter Park site for medical office bldg, seek more land

    Local physicians close on Winter Park site for medical office bldg, seek more land

    A group of local physicians paid $3.5 million in late May for city-owned land in Winter Park with plans approved for a new medical office building. They claim a major hospital group is now lined up to lease, and are looking for more land for a second round of development.  The 1.51 acres at 1111...

  • TerraCap sells Class A office building in Maitland for $28M

    TerraCap sells Class A office building in Maitland for $28M

    A week after buying two office buildings near the University of Central Florida, TerraCap Management has sold one of its office assets in Maitland for $27.9 million. The Keller Center is a 160,000-square-foot, Class A office building located at 101 Southhall Lane. CBRE’s Ron Rogg and Chip Wooten...

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  • South Florida investor buys third Winter Park CRE asset along Orlando Ave

    South Florida investor buys third Winter Park CRE asset along Orlando Ave

    Hollywood-based TCII Capital Group spent $3.1 million last week for the former Copytronics building -- its third commercial asset in Winter Park.  The office space expands the firm's growing footprint in Central Florida. Located just north of the intersection of Orlando and Fairbanks avenues, the...

  • University Club buys space in new downtown Orlando tower, preps buildout

    University Club buys space in new downtown Orlando tower, preps buildout

    The University Club of Orlando paid more than $2.135 million on Friday for four floors of space in the new Modera Central tower in downtown Orlando, and could begin buildout in two weeks with a goal of opening by year's end, its president told GrowthSpotter.  Addressed at 125 E. Pine St., the 22-story...

  • TerraCap buys two Class A office buildings in Central Florida Research Park near UCF

    TerraCap buys two Class A office buildings in Central Florida Research Park near UCF

    An affiliate of Estero-based real estate investment group TerraCap Management paid $39.19 million last week for two office buildings next to the University of Central Florida, and is looking for more as it raises a fourth fund. Located at 13501 Ingenuity Drive and 12001 Research Parkway in Orlando's...

  • Osceola to restrict new commercial development outside designated 'centers'

    Osceola to restrict new commercial development outside designated 'centers'

    Osceola Commissioners gave preliminary approval Monday night to new land use policies that would restrict commercial development outside of a few dozen designated commercial centers in the county. The policy is part of ongoing Comprehensive Plan and Land Use Code updates that county planners began...

  • Ocoee seeks design-build contractors for new City Hall project

    Ocoee seeks design-build contractors for new City Hall project

    The city of Ocoee is seeking initial applications from design-build contractors for its new City Hall, according to a Request for Proposals (RFP) issued Thursday.  TheRFP is for an initial stage ofpre-qualifying for interested construction and design firms. Only those firms that arepre-qualified...

  • Disney buys office building near I-Drive for customer service division

    Disney buys office building near I-Drive for customer service division

    A Walt Disney Company affiliate paid $12.5 million on Monday for a single-tenant office building in Orlando's tourism corridor, which it has long leased for its Disney Reservation Center. Located at 7100 Municipal Drive, roughly two blocks south of N. International Drive, the 8.27-acre parcel features...

  • Florida Hospital Waterman plans new office bldg in Mount Dora to expand reach

    Florida Hospital Waterman plans new office bldg in Mount Dora to expand reach

    Florida Hospital Waterman is planning a new medical office building in Mount Dora about six miles from its main campus in Tavares, adding new services to a growing area of north Lake County. Located on U.S. 441 just south of the entrance to the Country Club of Mount Dora, the 10.84-acre site was...

  • Local PE group buys turn-key office building in downtown Orlando to relocate

    Local PE group buys turn-key office building in downtown Orlando to relocate

    A local private equity group paid $1.3 million this week to stake its claim in downtown Orlando, buying a turn-key office building with private parking a block west of Lake Eola.  Located at 127 N. Magnolia Ave., the 0.15-acre parcel lies in the shadow of the One Eleven high-rise office and apartments...

  • Developer files plan for mixed-use project at main entrance to NeoCity

    Developer files plan for mixed-use project at main entrance to NeoCity

    Kissimmee-based Schoolfield Properties is preparing an 18-acre mixed-use project that will serve as the main gateway entrance to the NeoCity tech district. With a mix of office, retail, residential and hotel uses, Valencia Village has been designated a "project of significance" by the city because...

  • Maitland office owner pursues retail-dining infill along busy thoroughfare

    Maitland office owner pursues retail-dining infill along busy thoroughfare

    A local veteran attorney is pursuing retail-commercial infill for property along a busy Maitland thoroughfare, and has more land in the vicinity that may be considered for redevelopment.  Located at 500 N. Maitland Ave., the 2.64-acre parcel is about half developed now with a three-story, 27,445-square-foot...

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  • Brazilian CRE investors buy three Class A office bldgs in Maitland, Casselberry

    Brazilian CRE investors buy three Class A office bldgs in Maitland, Casselberry

    A partnership of Brazilian private investors paid $23.6 million this week for a trio of value-add office buildings in Maitland and Casselberry, totaling more than 283,000 square feet.  The sales closed on Feb. 28 and were recorded Friday morning in Orange County. The buyer paid more than $18.7...

  • Piedmont REIT buys downtown Orlando office building for $28M

    Piedmont REIT buys downtown Orlando office building for $28M

    Piedmont Office Realty Trust paid a recorded $28 million last week for the HD Supply-anchored office building in downtown Orlando, marking its sixth Class A office investment in the region.  Located at 501 W. Church St., northwest of the Amway Center and commonly known as the "HD Supply" building,...

  • Homebuilder's office, construction plans take shape for Ravaudage in Winter Park

    Homebuilder's office, construction plans take shape for Ravaudage in Winter Park

    Dan Bellows' Benjamin Partners Ltd. will welcome a local homebuilder's new office building to the 73-acre Ravaudage development in Winter Park, and anticipates a vertical construction start in the coming months for new apartments, self storage, a hotel and more at the property.  Custom homebuilder ...

  • Entitlements & infrastructure sought for 75 acres south of Orlando airport

    Entitlements & infrastructure sought for 75 acres south of Orlando airport

    Maitland-based developer Ralph Singleton is reviving plans for new entitlements and infrastructure on 75 acres south of Orlando International Airport, in step with Orange County's expansion of a key thoroughfare.  Located at 14700 and 14730 Boggy Creek Road, just south of the S.R. 417 interchange,...

  • Owens Realty Capital pays $10.4M+ for value-add Winter Park office building

    Owens Realty Capital pays $10.4M+ for value-add Winter Park office building

    Orlando-based Owens Realty Capital paid $10.45 million on Wednesday for a six-story office building in Winter Park near an I-4 intersection, and has another $50 million-plus that it's ready to place in new Central Florida acquisitions.  Located at 2699 Lee Road and less than three miles from Park...

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  • Adventist Health buys nearly 60 acres in Apopka near S.R. 429 interchange

    Adventist Health buys nearly 60 acres in Apopka near S.R. 429 interchange

    Adventist Health System, parent company of Florida Hospital, paid $2.35 million on Monday for more than 53 acres in western Apopka, land it appears ready to bank for future development -- potentially for storage warehouses. The company also bought part of an adjacent 6.39 acres on Jan. 5 for $450,000,...

  • Lockheed Martin plans new office building at Sand Lake Road campus

    Lockheed Martin plans new office building at Sand Lake Road campus

    Lockheed Martin is planning a new six-story office building at its Missile and Fire Control plant near Orlando's tourism corridor, driven by employment growth and buoyed by up to $3.5 million in public incentives that were approved last year. To be located at 5600 W. Sand Lake Road, the new office...

  • Ocoee settles on look for new City Hall, preps design-build bid criteria

    Ocoee settles on look for new City Hall, preps design-build bid criteria

    The city of Ocoee has settled on the design for a new City Hall building in its downtown, and is preparing criteria for the two-part application process for design-build contractors. City commissioners chose one of six design options in December to move forward with for the new City Hall planning...

  • Orlando Health lines up near- & long-term development plans for SoDo infill site

    Orlando Health lines up near- & long-term development plans for SoDo infill site

    Orlando Health is preparing plans for a new staff parking garage on an infill site near its Orlando Regional Medical Center campus, and setting the stage for a future office building next door.  Located at 55 W. Gore St., south of Downtown Orlando and directly west of the 4.6-acre Crescent Lucerne...

  • Seminole County seeks P3 proposals to redevelop, expand Five Points Complex

    Seminole County seeks P3 proposals to redevelop, expand Five Points Complex

    Seminole County is seeking proposals for design and construction of a redeveloped Five Points Operations Complex to consolidate county offices, according to a Public-Private Partnership (P3) bid opportunity issued this week.  The public solicitation effort follows an unsolicited bid and proposal...

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  • Local CRE investment family buys office bldg fronting I-4 at Winter Park doorstep

    Local CRE investment family buys office bldg fronting I-4 at Winter Park doorstep

    A local family steeped in commercial real estate investment paid $8.9 million last Thursday in an off-market deal for a fully leased Orlando office building with highway frontage, and wants to diversify with more retail in the coming year.  Located at 604 Courtland St., the 4.72-acre parcel borders...

  • Shingle Creek Resort expansion's next phase prepped for two new staff bldgs

    Shingle Creek Resort expansion's next phase prepped for two new staff bldgs

    Rosen Hotels & Resorts is pursuing permits to break ground in 2018 on the second phase of a multi-phase expansion at its Shingle Creek Resort, with plans for two new staff support buildings.  The company filed construction permit requests on Dec. 21 with Orange County for a four-story, 133,680-square-foot...

  • Construction plans filed for full renovation of Downtown Orlando office bldg

    Construction plans filed for full renovation of Downtown Orlando office bldg

    Construction drawings and a building permit application were filed this week for total renovation of the former AT&T office building in Downtown Orlando. A general contractor and anchor tenant are now top of mind, and could prove one in the same in the coming months.    Located at 500 N. Orange...

  • Providence One Partners to build new HQ office in Colonial TownPark

    Providence One Partners to build new HQ office in Colonial TownPark

    One of the original developers of Colonial TownPark in Lake Mary has acquired the last vacant parcel and plans to start construction in March on a new 10,000-square-foot office building. Providence One Partners purchased the 0.9-acre lot in August and is awaiting final permit approvals from Seminole...

  • San Diego-based buyer talks $208M value for Downtown Orlando office tower trio

    San Diego-based buyer talks $208M value for Downtown Orlando office tower trio

    San Diego-based commercial real estate investment group Southwest Value Partners (SVP) closed Thursday on Cousins Properties' trio of Downtown Orlando office towers for $208.1 million, and may seek more in the market, a lead executive with the company told GrowthSpotter.  Deeds for the sale had...

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