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AssistRx Leases 54664 Square Feet At Maitland Promenade II From KBS Realty Advisors

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LEASED
Joe Hills
Colin Morrison
Jay Dixon

Florida

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Office54,664 SF
Leased 12/04/2024
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Property Image
LEASED

AssistRx Leases 54664 Square Feet At Maitland Promenade II From KBS Realty Advisors

495 Keller Road

See Similar Deals
Office54,664 SF
Leased 12/04/2024
Joe Hills
Colin Morrison
Jay Dixon
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:54,664 SF
Transaction Type:Lease

The property asset involved in this transaction is a Class A office building located at 495 North Keller Road in Maitland, Florida. The total square footage of this asset is 54,664 square feet, and it is situated in a market characterized by modern amenities and proximity to downtown Orlando.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Landlord: Marc DeLuca - KBS Realty Advisors
  • Tenant: Jeff Spafford - AssistRx
  • Landlord's Representative: Colin Morrison & Jay Dixon - CBRE
  • Tenant's Representative: Joe Hills - HLI Partners
  • Lease Term: Long-term
  • Move-in Date: Q2 2025

This lease marks a significant deal for AssistRx, as they secured 54,664 square feet in Maitland Promenade II. HLI Partners, representing the tenant, facilitated the agreement with KBS Realty Advisors, whose interests were represented by CBRE in this transaction.

Players

Joe Hills
HLI Partners
Joe Hills
4 deals$131.8M volume
BROKER
Joe Hills
HLI Partners
Joe Hills
4 deals$131.8M volume
BROKER
Colin Morrison
CBRE
Colin Morrison
2 deals(407) 702-5641
BROKER
Jay Dixon
CBRE
Jay Dixon
1 deal(321) 438-7870
BROKER
JLL
JLL
BROKERAGE

Details

LEASED
IMAGE: Joe Hills, Jeff Spafford, Joe Hills, Marc DeLuca & Colin Morrison DATE: 12/04/2024 ADDRESS: 495 North Keller Road MARKET: Maitland ASSET TYPE: Office ~ SF: 54,664 LANDLORD: Marc DeLuca - KBS Realty Advisors (@KBS_CRE) TENANT: Jeff Spafford - AssistRx LANDLORD'S REP: Colin Morrison & Jay Dixon - CBRE (@CBRE) TENANT'S REP: Joe Hills - HLI Partners NOTE: AssistRx signed a 54,664-square-foot lease at Maitland Promenade II, a Class A office building owned by KBS Realty Advisors in Maitland, Fla., with a move-in slated for Q2 2025. HLI Partners represented the tenant in the long-term deal, while CBRE brokered on behalf of the landlord for the property, which features modern amenities and proximity to downtown Orlando.

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Deal Type
Effective Rent (Annual)

$3,133,307.49

Total Lease Value

$31,333,074.93

Net Landlord Cash Flow$3,133,307.49