Franklin Street arranged the lease of 11,471 square feet of office space in downtown Orlando to Pipeline Workspaces, a national shared-workspace provider with headquarters in Miami.
Pipeline Orlando signed a long-term lease at 20 North Orange, which is located at the corner of Orange Avenue and Central Boulevard. The company, which has four other locations in Florida and one in Philadelphia, plans to open in early 2018.
Yvonne Baker, Franklin Street’s regional managing partner for Orlando and Jacksonville, and Nicole Willerer, director of office and industrial agency leasing, represented the building’s owner, Steelbridge Capital LLC, which has offices in Miami and Chicago.
Built in 1983, the 16-story, 267,414-square-foot building was recently extensively renovated with further improvements to the streetscape to be completed as well. CBRE’s Michael Phipps and Shay Pope represented the tenant in the transaction.
“This lease indicates the continued interest in Orlando’s Central Business District by employers who are drawn to the area’s economic development and highly-educated workforce,” said Baker. “The property owner has invested heavily into improvements to the building and capitalizing on the resurgence of the entire Orlando CBD. Franklin Street is committed to working with Steelbridge to return this iconic building to its place of prominence at the corner of downtown’s ‘Main and Main’.”
The property is 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.