Colliers’ Alex Evans, managing director and Orlando market leader, and Jessica Sirianni, office services associate, moderated the panel, which covered the future of the area’s office market, focusing on shifts in lending, access to capital and Federal Reserve interest rates; trends in office users’ preferences and navigating the return to office; attracting businesses and talent to the area; and more.
The lease was signed for a 15-year term.
JLL Managing Director Micah Strader and Senior Associate Madison Kimbell represented the building’s ownership in the lease negotiations. The tenant was represented by Andrei Savitski of CBRE.
Mary Frances West, CCIM and Stian Funk represented the landlords in the transactions.
She will partner with Rick Solik and Matthew McKeever on the office services team and focus on tenant representation.
JLL represented the seller, Galium Capital, and procured the buyer, Duvalla Investments.
The project, backed by a $45 million investment, will feature 392 modern apartments as well as approximately 53,000 to 55,000 square feet of commercial space, including retail shops, diverse dining options, and offices.
Dr. Phillips Charities President and CEO Ken Robinson revealed that one entire floor—about 10,000 square feet—will be set aside for nonprofit organizations, offered at below-market rents to foster innovation and impact.
The Colliers Retail Team’s work on this project was awarded the Central Florida Commercial Association of Realtors’ Deal of the Year in 2024.
The property sold for $254 per square foot.
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