Bank Opens Headquarters in Downtown Orlando, Avectra Chooses Maitland

By Georgiana Mihaila, Associate Editor Following Old Florida National Bank’s consolidation of several offices throughout Orlando, the locally owned bank has also opened its headquarters in downtown Orlando. Old Florida National Bank has signed a lease with Highwood Properties Inc. for [...]

Following Old Florida National Bank’s consolidation of several offices throughout Orlando, the locally owned bank has also opened its headquarters in downtown Orlando. Old Florida National Bank has signed a lease with Highwood Properties Inc. for 18,300 square feet of office space at the Highwoods Landmark Center One. According to the Orlando Sentinel, the building located at 315 W. Robinson Street faces Lake Eola.

Old Florida National Bank, founded in 1982, is a federally chartered, locally owned and managed independent bank with $550 million in assets and nine full-service branch locations.

Avectra—a leading web-based provider of association and not-for-profit software—has also been eyeing the Greater Metro Orlando area and will soon move to Maitland, following its signing of a lease for 12,000 square feet of office space in Maitland Green I building. Alex Rosario, a vice president of brokerage services at CNL Commercial Real Estate represented owner New Boston Fund, while Nan McCormick of CB Richard Ellis’ Orlando office represented the tenant.

CNL Commercial has been in charge of leasing both Maitland Green I and II—totaling 194,000 square feet—since owner New Boston Fund purchased the complex in July 2010. At the time of the purchase, the two buildings were 45 percent leased, whereas now the occupancy rate went up to 73 percent. For the past five months, Rosario has signed several new tenants, such as the O’Kelly & Sorohan law firm, Amerigroup, Waddell & Reed, Property Insight and CBIZ.