Office Real Estate Developments

  • Gladstone Commercial pays $18.5M for Lake Mary office building

    Gladstone Commercial pays $18.5M for Lake Mary office building

    Gladstone Commercial, a McLean, Virginia-based REIT, purchased a three-story office building on Lake Mary’s International Business Center Drive for $18.5 million, according to a deed signed Dec. 27 and recorded Thursday in Seminole County. The 87,080-square-foot building is 100 percent leased to...

  • Ticket broker pays $33.85M for SouthPark office building

    Ticket broker pays $33.85M for SouthPark office building

    Entertainment Benefits Group (EBG) paid $33.85 million earlier this month for a Class A office building that served as the longtime headquarters for CHET.  Based in Miami, EBG maintains offices in Orlando, New York, Las Vegas, Los Angeles and Connecticut. The company one of the largest privately...

  • Local investors pay $5.2M for flex business park near Lee Road interchange

    Local investors pay $5.2M for flex business park near Lee Road interchange

    A pair of brothers who own a local insurance company paid $5.2 million last week for approximately 50,000 square feet of flex office/warehouse space just blocks from the busy Lee Road - Interstate 4 interchange. Douglas and Stephen Foreman, CEO and President of Fringe Benefit Plans, Inc., formed...

  • Park Development files plan for office, retail at City Center West Orange

    Park Development files plan for office, retail at City Center West Orange

    With construction well underway at City Center West Orange in Ocoee, Park Development Corp. CEO David Townsend has filed plans for the project's fifth phase, to include a mixed-use building and future retail pad. The new building at 251 Maine St. replaces the planned Assisted Living Facility on...

  • New York investment firm pays $28M for SouthPark Center office portfolio

    New York investment firm pays $28M for SouthPark Center office portfolio

    Pacer Partners, a boutique real estate firm with offices in New York and Boston, paid $28 million this week for a pair of Class A office buildings in Orlando's SouthPark Center. Located at 700 and 800 SouthPark Center and totaling 151,479 square feet, the properties are fully leased to a diverse...

  • Osceola seeks development team, project manager for new tax collector office

    Osceola seeks development team, project manager for new tax collector office

    Osceola County is seeking a development team for a new $4 million tax collector's office that will be the first phase of a planned government annex in south Kissimmee, a mile from the Poinciana SunRail Station. The county's procurement office this week issued two Requests for Proposals: one for...

  • Architect, contractor bring familiar skills to Ocoee City Hall design-build

    Architect, contractor bring familiar skills to Ocoee City Hall design-build

    Experience in collaboration and municipal facilities have already proven key for Wharton-Smith and HuntonBrady Architects as they begin the design-build process that will eventually bring the new Ocoee City Hall to life. The two companies have worked together on about half a dozen projects. Each...

  • Ripley Entertainment parent to build new 240,000-SF Orlando offices

    Ripley Entertainment parent to build new 240,000-SF Orlando offices

    The parent company of Ripley Entertainment Inc. is building a 240,000-square-foot office complex on land the company bought three years ago on S. John Young Parkway. Jim Pattison Group is currently in for building permits for the first of two 120,000-square-foot office buildings. Ripley's Spokeswoman...

  • Serendipity Labs building out coworking space in CNL tower

    Serendipity Labs building out coworking space in CNL tower

    Serendipity Labs’ search for its first Orlando coworking location has led it to downtown’s CNL Center Building, where it will lease the third floor with new builds for private and open workspaces, team rooms, and meeting and event areas. Originally seeking 15,000 square feet, developer 3H Group...

  • Central Florida developer plans twin ready-to-work office buildings for Lake Mary

    Central Florida developer plans twin ready-to-work office buildings for Lake Mary

    After a successful debut in Daytona Beach, former Seminole County resident Chris Butera is bringing his SMART office concept to Lake Mary with two planned buildings on South Country Club Road.  The buildings, at the northeast corner of Country Club and South Third Street, will feature some of the...

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  • Encore files plans for potential hospital site, vacation homes at Reunion Village

    Encore files plans for potential hospital site, vacation homes at Reunion Village

    Encore Capital Management is seeking entitlements for a 240-bed hospital and 96,000 square feet of office space as part of its mixed-use Reunion Village development at the I-4/ChampionsGate interchange. "Orlando Health is continuing to plan for the expansion of healthcare services in Osceola County,...

  • I-4 office-property owners hope zero-tenancy approach pays off

    I-4 office-property owners hope zero-tenancy approach pays off

    By taking a trio of office buildings along Interstate 4 down to zero tenancy, the longtime owners of 7.2 acres of office property just across from Winter Park’s western reaches hope to capitalize on market conditions that favor redevelopment. Combined, the three existing buildings total approximately...

  • D.R. Horton begins planning commercial, multifamily parcels at Waterleigh

    D.R. Horton begins planning commercial, multifamily parcels at Waterleigh

    D.R. Horton has filed plans with Orange County for a mix of 383 multifamily residential units along with commercial and office buildings on a 38-acre parcel at the southwest corner where Flamingo Crossing Blvd. and Avalon Road intersect in Horizon West. Commercial space could total 125,000 square...

  • Commercial building planned adjacent to existing Research Park offices

    Commercial building planned adjacent to existing Research Park offices

    An affiliate of Orlando-based Equity Partners Inc. plans a second building at the Discovery One property it purchased this year on the corner of Research Parkway and Discovery Drive. The 25,000-square-foot building would stand just south of a single-story commercial building constructed in 1984,...

  • Boyland Auto reconsiders Mercedes-Benz dealership move in Orlando

    Boyland Auto reconsiders Mercedes-Benz dealership move in Orlando

    Mercedes-Benz of South Orlando has reconsidered its plan to relocate the luxury auto dealership near Mall of Millenia to a new site a mile away. Boyland Auto Group paid nearly $13.15 million last year for 23-acres on Millenia Boulevard east of the intersection of Interstate 4 and the Florida Turnpike....

  • New York investor buys quintet of office buildings on I-4 for $57.9M

    New York investor buys quintet of office buildings on I-4 for $57.9M

    An affiliate of Innovatus Capital Partners has purchased the Westwood Corporate Center office complex with 343,331 square feet in five buildings between SeaWorld and Interstate 4. The properties listed in Orange County records on 21 acres at 6700 Forum Drive and 6649 Westwood Blvd. sold for a recorded...

  • Stetson University accepting offers for property in downtown Celebration

    Stetson University accepting offers for property in downtown Celebration

    Stetson University is looking to sell its Center at Celebration academic building in the heart of the Disney master-planned community. The DeLand-based private university has issued a call for offers for its 36,000-square-foot academic center at 800 Celebration Ave. The three-story building is...

  • 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...

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  • 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...

  • Tavistock lures McCraney to build 1.26M-square-foot logistics center at Infinity Park

    Tavistock lures McCraney to build 1.26M-square-foot logistics center at Infinity Park

    Tavistock Development Company is partnering with McCraney Property Company to co-develop 1.26 million square feet of highly-designed distribution logistics facilities. The two companies jointly announced the partnership on Wednesday. Earlier in the week Tavistock updated  plans  for what could eventually...

  • Boyd plans new office buildings for next phase of Hamlin Town Center

    Boyd plans new office buildings for next phase of Hamlin Town Center

    Boyd Development is preparing designs for up to three new office buildings in west Orange County's Hamlin Town Center, believing the submarket is ripe to introduce office product now that retail, multifamily and single-family homes have been established in the master-planned community. Building...

  • Virtual reality & web development firm expands w/new Winter Park office bldg

    Virtual reality & web development firm expands w/new Winter Park office bldg

    X Studios Inc., a high-tech firm specializing in virtual reality experiences, digital installations and web and mobile development, is leaving Maitland for larger digs in Winter Park. The company, founded in 2006 by David Morales and Tim Santor, has been operating out of a 2,500-square-foot building...

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  • Axios Construction preps groundbreaking on new HQ office in Casselberry

    Axios Construction preps groundbreaking on new HQ office in Casselberry

    Local general contractor Axios Construction Services is ready to break ground next month on a new headquarters office building with retail lease potential in Casselberry after a year-long delay. Axios has received its permits to start vertical construction on a two-story, 27,000-square-foot building...

  • New plans forward commercial & industrial development for 196-acre Infinity Park

    New plans forward commercial & industrial development for 196-acre Infinity Park

    Tavistock Development Company has pushed forward with plans to subdivide and develop infrastructure for its 196-acre "Infinity Park" property near Orlando's tourism corridor, with roughly half the site forecasted for large-scale industrial buildings.  Located with frontage on S. John Young Parkway,...

  • 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...

  • 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...

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  • 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...

  • 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...

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  • 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...

  • Orlando Ballet revisits plans for HQ office & school at Loch Haven Park

    Orlando Ballet revisits plans for HQ office & school at Loch Haven Park

    The Orlando Ballet is revisiting its design plans to expand the Loch Haven Park Neighborhood Center in downtown Orlando as an all-inclusive headquarters, more than four years after reaching a deal with the city to lease the property. Located at 610 N. Lake Formosa Dr., the 2.33-acre site on Lake...

  • Owners look to pave & sell undeveloped lot at downtown Orlando's Mills Park

    Owners look to pave & sell undeveloped lot at downtown Orlando's Mills Park

    Tampa-based owners of a final undeveloped segment of the Mills Park complex near downtown Orlando are readying the site for its next phase, and attracting prospective buyers for new development. The 2.55-acre site lies at 1724 N. Mills Ave., on the northern end of mixed-use Mills Park development,...

  • Developer Tim Majors faces lawsuit alleging tenant fraud in Medical Village project

    Developer Tim Majors faces lawsuit alleging tenant fraud in Medical Village project

    In the spring of 2017, Australian-born businessman Tim Majors was on top of the world, greeting reporters and VIPs at the opening of his new downtown Orlando rooftop bar, M Lounge. The bar atop his corporate headquarters building in Ivanhoe Village, a two-story wine cellar and museum on the ground...

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  • Miami CRE investor buys prominent vacant parcel in Baldwin Park Village Center

    Miami CRE investor buys prominent vacant parcel in Baldwin Park Village Center

    A Miami-based real estate investor with large holdings in downtown Orlando paid $2.095 million on Friday for the last vacant commercial tract in the Baldwin Park Village Center. Located at 4787 New Broad St., the 0.82-acre parcel lies on a highly visible corner in the heart of the 1,100-acre, master-planned...

  • Pharmaceutical compounding business plans new office & facility in MetroWest

    Pharmaceutical compounding business plans new office & facility in MetroWest

    A local pharmaceutical compounding business has 2 acres under contract in MetroWest, with plans to expand with a new office and processing facility.  Located at 5954 Metrowest Blvd., the 1.98-acre parcel is neighbored by a credit union branch and a Wendy's, and lies a short distance from a Walmart...

  • Bethesda-based REIT buys five-building medical office portfolio to enter Orlando

    Bethesda-based REIT buys five-building medical office portfolio to enter Orlando

    Bethesda-based Global Medical REIT paid approximately $16.5 million on Thursday for a five-asset portfolio of medical office buildings in Greater Orlando, marking its entry to the local investment market.  The five buildings were all fully leased by Orlando Health at time of sale, and have long-term...

  • Disney Co. buys Class A office building in Celebration for $21.8M

    Disney Co. buys Class A office building in Celebration for $21.8M

    A Walt Disney Co. affiliate paid $21.8 million last week for a Class A Celebration office building primarily to fill a need for more of its own local office space, the seller told GrowthSpotter. "They were the largest tenant. They occupied 36 percent of the building," TerraCap Managing Partner...

  • Boca Raton-based CRE investors pay $40M to enter Orlando via Dr. Phillips

    Boca Raton-based CRE investors pay $40M to enter Orlando via Dr. Phillips

    A Boca Raton-based commercial investment group paid more than $40.05 million earlier this month to enter the Orlando market, buying the Dellagio Shopping Center and offices in Dr. Phillips.    Located at 7924-8075 Via Dellagio Way along W. Sand Lake Road, the property has 109,000 square feet of...

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