Exclusive: Downtown Orlando Tower Commands $93M

The Wideman Co. has acquired SunTrust Plaza at Church Street Station, a 317,560-square-foot office building in Orlando, Fla., for $92.9 million, according to Yardi Matrix information. A joint venture of Mason Capital Partners, Lincoln Property Co. and Pope & Land Co. sold the asset.

The buyer also took out a $65 million permanent loan from International Bank of Commerce, the same data provider shows. This is the first time the property trades.

The high-rise has 7,500 square feet of first-floor retail space, nine levels of parking and more than 200,000 square feet of office space across seven floors. The building also has 180 hotel rooms across the top six floors, two levels of hotel amenities and a sky lobby.

Completed in 2019, the property is also known as the Truist Building. Located at 323 S. Garland Ave., it is within the city’s downtown area and close to Interstate 4. Orlando International Airport is some 19 miles away.

Office floorplates at the transit-oriented SunTrust Plaza average 28,500 square feet. Amenities include about 100,000 square feet of meeting space and a terrace bar, as well as 380 car parking spaces.

Orlando office sales lag behind

Orlando’s office sales activity in 2025 totaled $449 million, one of the lowest investment volumes among the U.S. top 25 markets, a recent Yardi Matrix office report shows. However, assets in the metro changed hands for $195 per square foot on average, slightly above the $192 per square foot national index.

Among properties trading last year was Celebration Office Center, a 161,437-square-foot office complex in Kissimmee, Fla. TMT Properties Inc. acquired the asset for $31.5 million from Reva Cos. This amounted to about $195 per square foot, on par with the metro’s recent averages.