CBRE ARRANGES LEASE FOR CITY NATIONAL BANK AT DOWNTOWN ORLANDO OFFICE TOWER
15 Jan 2020
Orlando, Fla. – January 15, 2020 – CBRE announced today it has arranged a 13,500-sq.-ft. lease for City National Bank at 390 North Orange Avenue, a 28-story, 421,069-sq.-ft. Class A office tower in downtown Orlando. In addition to obtaining top building signage, City National Bank plans to operate a retail branch from this location and use office space for its Central Florida operations. CBRE’s Jay Dixon and Tom Rich arranged the lease on behalf of ownership, Southwest Value Partners.
“We are excited to have City National Bank take over the retail banking operations in the building and expand their presence downtown, said Jay Dixon. “390 North Orange Avenue has undergone several major upgrades recently which have been well received by both the existing tenants as well as the prospective new Tenants. We are looking forward to 2020 and leasing up the remaining space in the building.”
Recent capital improvements in the building include a new building conference/training center, an enhanced lobby and elevator bank, upgrades to the fitness center, a redesigned courtyard, improved exterior lighting, and technology upgrades to provide better security through controlled access.
The CBRE team completed 12 leases in 2019 for over 50,000 sq. ft. The building is ideally located within a short walk of over 2,500 apartment and condo units, numerous dining and entertainment options, and the Orange County Courthouse. It has easy access to Interstate 4, Sunrail, and the free Lymmo buss shuttle service.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.