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Embarq Renews 59,000 SF in Maitland Center

CBRE and JLL Negotiate Renewal at Southpointe Executive Center
By Brandi Pinkston
August 1, 2007 | 12:30 P.M.

Embarq has agreed to remain in its 59,551-square-foot space at 151 Southhall Lane in Maitland, FL. Shipley Hall, brokerage associate at CB Richard Ellis, represented the landlord, Stiles Capital Partners, in the transaction. Jeff Johnson with Jones Lang LaSalle handled negotiations for Embarq. Before the Sprint-Nextel merger, Embarq was part of Sprint. The communications services company handles customers in Central Florida and is predicted to rank among the Fortune 500. The 137,000-square-foot, Class A office building, known as Southpointe Executive Center, changed ownership in June when Younan Properties sold it to Stiles for $24 million. For more on that transaction, see CoStar COMPS ID# 1338885. "This renewal presented some challenges due to the sale of the building. Everything had to be approved by both the buyerand seller. I'm very pleased that both parties came to a mutually beneficial agreement with Embarq and look forward to continuing our long-term relationship with the largest tenant at Southpointe Executive Center," said Hall.

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