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Radixx Expands Orlando HQ to Recently Renovated 16-Story Tower in Downtown Orlando

Excepted from CoStar News story.

Radixx Solutions, a cloud-based airline reservation, distribution and manufacturing systems provider, plans to relocate and expand its Orlando, FL-based headquarters to 20 North Orange, a recently renovated office tower in downtown Orlando. 

The firm signed a 15,129-square-foot office lease in the 16-story tower with its current owner, Steelbridge Capital. The Chicago-based investor acquired the office building in September 2014, according to CoStar data. 

Originally built in 1983, the 278,740-square-foot 20 North Orange was renovated in 2016 by Steelbridge. Other major tenants located within 20 North Orange include CenterState Bank, Morgan & Morgan, Spectrum News 13 and Pipeline Workspaces. 

Radixx plans to move into its new space this fall. 

Nicole Willerer and Yvonne Baker of Franklin Street represented the landlord in the deal.

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Franklin Street Arranges Office Lease for Radixx International in Orlando CBD

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.

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New downtown Orlando eateries to tap into ‘key corner’ for retailers

Excerpted from Orlando Business Journal story on 20 N. Orange in downtown Orlando.

Beyond retail, Orlando-based airline software firm Radixx International Inc. will open a roughly 15,000-square-foot office on the ground floor facing Central Boulevard in early 2019, as previously reported by Orlando Business Journal. The 270,000-square-foot tower is about 90 percent occupied.

Yvonne Baker, regional managing partner with Franklin Street, serves as the building’s office leasing representative.

For full story, visit https://www.bizjournals.com/orlando/news/2018/07/25/new-downtown-orlando-eateries-to-tap-into-key.html

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Orlando Office Tower Welcomes New Tenant

Franklin Street negotiated a new long-term lease at a 267,414-square-foot, Class A office building in Orlando’s central business district. Pipeline Workspaces, a national shared-workspace provider, will occupy 11,471 square feet at the property, with plans to open the new office space in early 2018.

Located at 20 N. Orange at the corner of Orange Avenue and Central Boulevard, the property was formerly known as Well Fargo Tower. According to Yardi Matrix, Steelbridge Capital acquired the 16-story asset for $34.8 million in October 2014, and began an extensive renovation program shortly after, with further improvements to the streetscape to be completed in the future. The property features a new lobby design and upgraded finishes, modernized elevators, 24/7 security, on-site property management and engineer staff, café, full-service banking, a car detailing service and two attached parking garages with covered sky bridges.

SIXTH OFFICE LOCATION
Yvonne Baker, Franklin Street’s regional managing partner for Orlando and Jacksonville, and Nicole Willerer, director of office and industrial agency leasing, represented the landlord, while CBRE Senior Vice Presidents Mike Phipps and Shay Pope worked on behalf of the tenant in the lease negotiations. Pipeline Workspaces has four other locations in Florida and one in Philadelphia.

“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, in prepared remarks. “The property owner has invested heavily into improvements to the building and capitalizing on the resurgence of the entire Orlando CBD.”

The property is within walking distance to Orlando CBD government buildings, entertainment venues and hotels. The location provides direct access to major thoroughfares, including Interstate 4 and Florida State Road 408.

CBRE recently inked another office lease in Orlando at Maitland Summit Park.

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Franklin Street Arranges 11,000 SF Office Lease In Downtown Orlando

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.