Greenberg Traurig Executes 10-Year Lease For 25,000 Square Feet At Related Ross Tower In Orlando
545 Hibiscus Place
Building Size
25,000 SF
Asset Type
Office
Closing
Aug 10, 2026
AI
The property asset involved in the transaction is an office space located at 545 Hibiscus Place, Orlando, FL. The building has a total square footage of 25,000 and is part of an office tower under construction named 15 CityPlace. Greenberg Traurig has agreed to sign a lease for this space as they relocate from their previous location at Phillips Point.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Stephen Ross - Related Ross
- Tenant: Brian Duffy - Greenberg Traurig
- Lease Terms: 10-year
This transaction features key individuals including Stephen Ross, representing the ownership through Related Ross, and Brian Duffy, who represents Greenberg Traurig. The firm will be joining other notable tenants such as Cleveland Clinic within the tower, while Related Ross is investing $120 million to upgrade the previous location at Phillips Point.
Players
Orlando Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93