After 16 years as a major Central Florida commercial real estate player, Pizzuti has sold his home in the affluent Isleworth community here and closed his Downtown office.

Ken Simback, Pizzuti Co.'s Southeast senior vice president in Orlando, is looking for a new job and the 12 office staffers are moving to Colonial's property management division, area brokers following the newest Pizzuti scenario tell GlobeSt.com.

Pizzuti and Colonial officials couldn't be reached at GlobeSt.com's publication deadline to learn the contracted price. But area land brokers intimate with the Downtown office submarket tell GlobeSt.com on condition of anonymity the year-end deal will probably close at $11 million or about $2 million per acre ($45.9 per sf).