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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.