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545 Hibiscus Place

LEASEDOffice

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

Stephen Ross

Related Ross

Landlord

$5.2B

vol

51 deals

Landlord
Tracy Gerber

Tracy Gerber

Tenant

1 deal

Tenant

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