The three-story, 105,000-sf University Corporate Center Two has broken ground in the Quadrangle Office Park in east Orlando, one of the area's strongest submarkets with a vacancy mark of 9.5%.
Completion is expected in January 2003. The site is at 11474 Corporate Blvd.
The company's first project, University Corporate Center One built in 1999, was also a spec venture. That 124,175-sf building at 3501 Quadrangle Blvd. is 100% leased. Projected full-service rents at University Corporate Center Two will average $20.50 per sf.
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