Colliers Tapped to Lease Iconic Orlando High-Rise
- Jan 27, 2017
By Robert Demeter
Orlando—Cousins Properties Inc. has appointed Colliers International Central Florida as exclusive leasing agent for Bank of America Center, an iconic Class A office tower in downtown Orlando. Colliers’ managing directors of office services Todd Davis and Robert Kellogg, along with Office Services Associate Colin Morrison will handle leasing for the property.
Situated at 390 North Orange Ave., the 28-floor, 421,000-square-foot asset is the second tallest office building in Orlando’s central business district. Built in 1988, the LEED Certified tower features 18,000-square-foot floor plates with above-standard ceiling height. Amenities include a fitness center, 24/7 on-site security, fully integrated structured parking with 955 spaces, and a courtyard with seating. The property also boasts 6,000 square feet of ground-floor retail and restaurants, according to Yardi Matrix.
Located in the CBD, the property is across the street from the county courthouse and provides convenient access to Interstate 4, State Road 408 (East-West Expressway) and the SunRail commuter-rail station. Furthermore, the building is in close proximity to Orlando’s Creative Village development.
Cousins Properties purchased Bank of America Center in October 2016. The firm intends to implement a significant capital improvement plan at the building, which includes elevator upgrades, a state-of-the-art conference center and other common-area renovations, as well as ground-floor common area Wi-Fi.
The building is currently 91 percent leased, and in addition to Bank of America, other notable tenants include Broad & Cassel, CareerSource and Cousins Properties. “While this property will always be a great fit for professional services tenants, the landlord’s plans for improvements give it the potential to cater to the young, technology-driven companies that are fueling Orlando’s economic growth,” said Colliers’ Todd Davis in a prepared statement. Available spaces range between 1,500 and 25,000 square feet.
“The Colliers team has the knowledge and experience needed to market this iconic property as downtown Orlando grows into an even more innovative and tech-focused business district,” Shipley Hall, managing director & senior vice president with Cousins Properties in Orlando, said in prepared remarks. “We look forward to expanding our partnership with Colliers to diversify our tenant mix as we implement modern upgrades into the building.”
Photos courtesy of Yardi Matrix