A large Class A office property in Orlando’s tourism corridor has changed hands at a steep discount to its previous sale price, setting the stage for a significant redevelopment near one of the region’s best-known attractions.
Calibrex Developments, in partnership with Southern Impression Homes, began construction in July 2026 with Phase I completion expected in 2028.
The the campus has experienced a notable wave of leasing activity totaling 88,169 square feet, including more than 55,044 square feet signed in 2026. Among the most recent commitments is Venture X, the upscale coworking and flexible workspace provider, which will occupy approximately 26,592 square feet.
CP Group has leased more than 126,000 square feet at Northpoint Center since recapitalizing and upgrading the 334,000-square-foot Lake Mary office campus, lifting occupancy from 76 percent to 93 percent.
JLL’s Danny Finkle and Jorge Portela represented the seller in the transaction. According to media reports, Washington Prime Group sold the property for $59.5 million.
JLL brokered the transaction.
The portfolio totals 722,456 square feet and spans multiple Orlando-area submarkets.
He brings a wealth of expertise, most recently serving as Managing Director of JLL’s Retail Advisory group where he focused on the Central, Southwest and North Florida markets.
The tenant was represented by NAI Realvest Associates Stian Funk and Zach Cichocki. Kristin Griffin of JLL represented the landlord.
JLL’s Cam Montgomery and Matt Sullivan are leading leasing efforts for the property on behalf of Stonemont.