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CBRE Takes Over Leasing for Downtown Orlando Properties

Southwest Value Partners Makes Change Following $208.1M Portfolio Acquisition
January 17, 2018
Southwest Value Partners has retained Jay Dixon and Tom Rich with CBRE in Orlando to lease up its newly-acquired portfolio of office properties including the Bank of America Center at 390 N. Orange Ave., Citrus Center at 255 N. Orange Ave. and One Orlando Centre at 800 N. Magnolia Ave.

All three office buildings are located in downtown Orlando, in close proximity to I-4 and the Orlando Airport, as well as numerous restaurants, hotels and retail sites within walking distance. The landlord reps report building amenities include panoramic views, on-site dining, banking and parking, security, on-site management, fitness centers, conferencing facilities and courtyards.

The three towers house numerous local and national tenants, including: Wells Fargo Bank, HuntonBrady Architects, Dewberry, TLC Engineering, BB&T, Orlando Business Journal, the Citrus Club, Bank of America, US Citizenship & Immigration Services, and numerous law and medical firms.

JLL had the listing prior to Southwest Value Partners' year-end acquisition of the three buildings from Cousins Properties, Inc. The assets sold for $208.1 million, averaging about $201 per square foot, according to CoStar data. Eastdil Secured brokered the transaction.

Current availabilities at the three towers range from 1,000-square-foot suites up to full-floor availabilities totaling 23,521 square feet, with as much as 44,000 square feet of contiguous space in one tower.

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