The lease has an estimated aggregate value of $15.83 million or about $20 per sf, the average asking rent in the south Orlando office submarket, area brokers tell GlobeSt.com.
Only 45,000 sf is left to lease, giving the building a 66% occupancy level. Banco Popular is currently the building's sole tenant, occupying an estimated 5,000 sf.
The class A school, first of its kind in metro Orlando, is being developed by publicly traded Career Education Corp. of Hoffman Estates, ILL in association with Paris-based Le Cordon Bleu chefs training institution. The school plans to open in July with a 150-seat training restaurant. Academy president Ken Shore is shooting for an enrollment of 900 by 2004.
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