ORLANDO, FL - RP Realty Partners, LLC a privately held, fully integrated real estate investment and operating company headquartered in Beverly Hills, California, is fast becoming a lynchpin in the continued renaissance of downtown Orlando, announced they have awarded CB Richard Ellis the exclusive listing agreement for The Plaza (top right photo).
The ha
lf-dozen gentrifying neighborhoods in and around Downtown provide a young, active population base to generate success for retailers and restaurants in The Plaza - more than 286,000 people within five miles.
RP Realty Partners invests in middle-market transactions ranging form $10-100 million and provide debt & equity capital for real estate pro
perties throughout the United States. They are fast becoming one of the key owners in the Orlando MSA, with their interest in The Plaza, Altamonte Town Center, Baldwin Park and several other retail centers.
CONTACTS:
CB Richard Ellis is a worldwide leader in commercial real estate services. Bobby Palta, Senior Associate, (photo at left) Wood Belcher,(photo at left below Palta) First Vice President (both with the Retail Properties Group), and Nan McCormick, (photo at right) Senior Vice President (Office Propertie
s Group) are currently exclusively representing over 102,000 square fee
t of retail, restaurant and entertainment space on the first and second floors of The Plaza in Downtown Orlando.
s Group) are currently exclusively representing over 102,000 square fee
t of retail, restaurant and entertainment space on the first and second floors of The Plaza in Downtown Orlando.The property is located at the Northeast Corner of Orange Avenue and Church Street in the heart of Orlando's Central Business District.
"The Plaza property is Downtown Orlando's premier retail venue. With the progress that has been made thus far by developers partnering with the City of Orlando, downtown Orland
o has made tremendous strides towards becoming a 24/7 city.
"The Plaza property is Downtown Orlando's premier retail venue. With the progress that has been made thus far by developers partnering with the City of Orlando, downtown Orland
o has made tremendous strides towards becoming a 24/7 city."The lease up of the remaining retail space in The Plaza development will be key in making progress towards that goal. Targeted users include a theater, entertainment venues, destination restaurants & bar/lounges as well as retail and services for the ground floor retail," said Belcher and Palta.
Over $800 million dollars in new projects including a new Arena for the Orlando Magic scheduled to open for the 2010 basketball season and new state of the art four theater Performing Arts Center are all slated for downtown Orlando just blocks from The Plaza.
Over $800 million dollars in new projects including a new Arena for the Orlando Magic scheduled to open for the 2010 basketball season and new state of the art four theater Performing Arts Center are all slated for downtown Orlando just blocks from The Plaza.
In addition, construction of new access ramps to both the Interstate 4 and the 408 East West Expressway Interchange will also increase connectivity in and around Downtown Orlando which much of the off ramp traffic eventually flowing right by the Plaza via Church Street.
The Plaza is uniquely positioned in the 100% location to capture the daytime and nighttime energy within Downtown Orlando.
The Plaza is uniquely positioned in the 100% location to capture the daytime and nighttime energy within Downtown Orlando.
With more than 7.1 million square feet of office space at a 9.4% vacancy rate (Florida's lowest) and 137,041 employees working within two miles, The Plaza is positioned well for Downtown's workforce.
The ha
lf-dozen gentrifying neighborhoods in and around Downtown provide a young, active population base to generate success for retailers and restaurants in The Plaza - more than 286,000 people within five miles.RP Realty Partners invests in middle-market transactions ranging form $10-100 million and provide debt & equity capital for real estate pro
perties throughout the United States. They are fast becoming one of the key owners in the Orlando MSA, with their interest in The Plaza, Altamonte Town Center, Baldwin Park and several other retail centers.CONTACTS:
Bobby Palta, 407 839 3124, bobby.palta@cbre.com
Jessica Wilhoite, 407 839 3158, jessica.wilhoite@cbre.com
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