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Pipeline Workspaces Leases Office Space In Orlando To Steelbridge Capital

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LEASED

Florida

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Office11,471 SF
Leased 10/19/2017
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LEASED

Pipeline Workspaces Leases Office Space In Orlando To Steelbridge Capital

20 N Orange Ave, Orlando, FL, 32801

See Similar Deals
Office11,471 SF
Leased 10/19/2017
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:11,471 SF
Transaction Type:Lease

The property at 20 N Orange Ave, Orlando, FL, 32801, formerly known as Well Fargo Tower, was acquired by Steelbridge Capital for $34.8 million in October 2014. The 16-story, Class A office building underwent extensive renovations post-acquisition, featuring a new lobby design, upgraded finishes, modernized elevators, 24/7 security, a café, full-service banking, and on-site property management and engineer staff. Additionally, the property includes amenities such as a car detailing service and two attached parking garages with covered sky bridges.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: Pipeline Workspaces
  • Square Feet: 11,471
  • Market: Orlando
  • Tenant's Rep: Michael (Mike) Phipps (CBRE)
  • Landlord: Steelbridge Capital

Yvonne Baker, regional managing partner for Orlando and Jacksonville at Franklin Street, alongside Nicole Willerer, director of office and industrial agency leasing, represented the landlord in the lease negotiations. On the other side, CBRE's Senior Vice Presidents Mike Phipps and Shay Pope worked on behalf of the tenant, Pipeline Workspaces. This lease signifies Pipeline Workspaces' expansion into their sixth office location, adding to their existing presence in Florida and Philadelphia.

Players

Michael (Mike) Phipps
4 deals(407) 616-5810
BROKER

LANDLORD

Details

LEASED
IMAGE: 10/19/2017 ADDRESS: 20 N Orange Ave, Orlando, FL, 32801 MARKET: Orlando ASSET TYPE: Office TENANT'S REP: Michael (Mike) Phipps(CBRE) TENANT: Pipeline Workspaces LANDLORD: Steelbridge Capital SQUARE FEET: 11471

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Deal Type
Effective Rent (Annual)

$657,510.80

Total Lease Value

$6,575,107.98

Net Landlord Cash Flow$657,510.80