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| John Kurtz |
ORLANDO, FL --- Stirling International Real Estate, the exclusive sales and marketing representatives for The Plaza with a huge portfolio of premium office space, has closed on nine multi-year leases since January at the mixed-use development at 121 and 189 S. Orange Ave. at the corner of Church Street in downtown Orlando, FL
Altogether, the lease agreements total more than 27,000 square feet at rents in the $25 to $27 per square foot range for the Class A office space. Offices leased range in size from 900 to 10,000 square feet.
One lease for a five-year term came in at $30 per square foot. The largest single transaction was a 10,000 square foot office suite on the 20th floor of the south tower.
Roger Soderstrom, Jr. and John Kurtz, the Stirling International team handling the leasing activity, said the rent rates are the highest the two towers have seen in nearly 10 years.
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| Roger Soderstrom, Jr. |
“The downtown Orlando office market is one of the hottest in the state causing a surge in rental rates,” Kurtz said.
Soderstrom said the new tenants include attorneys, healthcare professionals, marketing agencies, logistics and technology firms. The duo also represents investors who have purchased office condominiums with tenants in place, including those renting out spaces to start up businesses in a co-working atmosphere.
The Plaza built in 2006 and 2007 offers one of the most sophisticated urban environments in the southeast today, and offers ground-floor retail space, theatre, shops and restaurants.
”Economic conditions have produced opportunities at The Plaza for businesses who have an eye toward their future,” Soderstrom said.
CONTACTS:
Roger Soderstrom, Jr., Broker, Stirling International Real Estate
Beth Payan, Larry Vershel Communications Inc. 407-644-4142
