Lincoln Property Company Southeast (Lincoln) has brokered three office leases totaling 23,958 square feet at One Eleven in Orlando. Austin Stahley of Lincoln represented the landlord in the transactions, and Coughlin Commercial represented the tenants. The details of the transactions are below:
- Houston International Insurance Group, Ltd. (HIIG), an insurance holding company, signed a new 5,569-square-foot lease.
- Envy Labs, a leading web consultancy based in Orlando, signed a new 4,722-square-foot lease.
- Huitt-Zollars, an engineering design firm, signed a new 13,667-square-foot lease.
One Eleven is a mixed-use project in downtown Orlando comprising of a mix of retail, office and residential with views of the skyline and Lake Eola. The office tower includes 10,000 square feet of retail space, 150,000 square feet of office space, and 160 apartment units. The 30-story, 162,240-square-foot property is located at 111 North Magnolia Ave. in Orlando. ]]>
“One Eleven’s occupancy has grown from 75 percent at the end of 2014 to more than 94 percent, proving the health of the downtown Orlando market and the surrounding submarkets,” said Stahley. “Many of the new tenants are tech companies demonstrating once again that Orlando is right there with other emerging tech cities like Austin and Nashville. It’s a great opportunity to push the envelope and help grow this city.”
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