Aug 08, 2018
Franklin Street, a full-service commercial real estate company, has arranged the lease of 15,129 square feet of office space in downtown Orlando to Radixx Solutions International, a leading provider of tailored airline reservations, distribution and merchandising systems with headquarters in Orlando, Florida.
Radixx signed a long-term lease at 20 North Orange, a newly renovated office tower located at the corner of Orange Avenue and Central Boulevard. The company plans to move and expand its operations in Orlando by moving its corporate offices to downtown in the fall of 2018.
Nicole Willerer, director of office and industrial agency leasing, and Yvonne Baker, Franklin Street’s regional managing partner for Orlando and Jacksonville, represented the building’s owner, Steelbridge Capital LLC, which has offices in Miami and Chicago. JLL’s Joe Hills and Malcolm Clayton represented the tenant in the transaction.
“The move by Radixx reflects downtown Orlando’s increasing profile as a prime location for future economic growth,” said Baker. “20 North Orange has become one of the most desired, workplace addresses for technology and financial services businesses in downtown Orlando. The extensive upgrades that have been made by building owner, Steelbridge, have greatly increased the value of this asset and attracted some prestigious new tenants such as CenterState Bank and Pipeline Workspaces.”
20 North Orange features a new lobby design and finish upgrades, elevator modernization, state-of-the-art security system, 24/7 security staffing, on-site property management and engineer staff, café, tenant conference room and a car detailing service. The property is conveniently located within walking distance to Orlando CBD government buildings, entertainment venues and hotels and provides direct access to major thoroughfares, including I-4 and SR 408. Other building tenants include: CenterState Bank, Morgan & Morgan, Spectrum News 13 and Pipeline Workspaces. Leasing information is available on the Franklin Street Listings page.
About Radixx International: Radixx International, Inc., headquartered in Orlando, Florida, is now delivering its sixth-generation passenger service system, Galaxy PSS. Founded in 1993 and now hosting 50 airlines on six continents, Radixx’ fully integrated, cloud-based solutions support all airline business models. Radixx recently partnered with TA Associates, a leading global growth private equity firm. For more information, visit www.radixx.com.
About Steelbridge: Steelbridge is a Chicago- and Miami-based value focused real estate investor and real estate services provider, with special expertise in markets with high job growth and strong natural barriers to entry like Florida. It is dedicated to acquiring real estate — either through debt or equity or private or public markets — whose values have been temporarily discounted due to supply/demand imbalances in real estate capital, space or information markets and whose values can be significantly enhanced through redevelopment and repositioning. Please visit us at www.steelbridge.com.
About Franklin Street: Celebrating more than 10 years in the business, Franklin Street is a family of full-service commercial real estate companies focused on delivering value-add solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its divisions – Real Estate, Capital, Insurance, Property Management and Project Management – Franklin Street offers unmatched value and optimal solutions for clients nationwide. Learn more about Franklin Street at FranklinSt.com.