ORLANDO, FL -- Grubb & EllisCommercial Florida, one of the leading providers of integrated real estate services in the southeast, has negotiated a $15.1 million investment sale of 5.641 acres of land at Downtown Plaza, 400 N. Orange Ave. in Orlando.David G. Calcanis, (top right photo) vice president for the firm’s Land Group and Jeffrey S. Sweeney, SIOR, president of Grubb & EllisCommercial Florida, negotiated the transaction on behalf o
f the seller, Downtown Plaza, LLC, a Florida limited liability company.
f the seller, Downtown Plaza, LLC, a Florida limited liability company. The buyer is 400 North Orange, LLC, a Delaware limited liability company.
Calcanis said the property, located adjacent to the new Lynx Center Transit Terminal and across the street from the Orange County Courthouse, was the last large parcel in the center of downtown Orlando.
It has been approved for four towers housing 907,000 square feet of offices, 76,000 square feet of retail and restaurants, 150 residential condos, 150 hotel rooms, 50 residential/office lofts and a 2,547 vehicle parking garage.
CONTACT: Lvershel@larryvershel.com or moises@larryvershel.com
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