{"id":1004377424,"date":"2019-12-19T10:14:52","date_gmt":"2019-12-19T18:14:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004377424"},"modified":"2021-05-15T06:02:34","modified_gmt":"2021-05-15T14:02:34","slug":"black-salmon-pays-68m-for-orlando-cbd-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/black-salmon-pays-68m-for-orlando-cbd-office-tower\/","title":{"rendered":"Black Salmon Pays $68M for Orlando CBD Office Tower"},"content":{"rendered":"
\"111<\/a>

111 North Orange. Image courtesy of Black Salmon<\/em><\/p><\/div>\n

Black Salmon has paid $67.8 million for 111 North Orange, a 245,201-square-foot, Class A office building in downtown Orlando, Fla. According to Yardi Matrix data, the seller was Tower Realty Partners, which purchased the asset in 2015 for $51 million.<\/p>\n

Located at 111 N. Orange Ave., the 21-story building features 15,323-square-foot floorplates and a parking ratio of 3 spaces per 1,000 square feet. Amenities include a ground-floor fitness center and a new conference center. The 1986-built property is currently 94 percent leased, with Regions Bank, UBS, Geico and Regus on the tenant roster.<\/p>\n

The office tower rises on a 1.2-acre site in the city\u2019s central business district, surrounded by more than 500,000 square feet of street-level retail. The property is one block west of Lake Eola Park near Interstate 4, with the Lynx Central and Church Street SunRail stations within walking distance.<\/p>\n

In August, Black Salmon acquired Arizona\u2019s second-tallest office tower, in a joint venture with ScanlanKemperBard Cos. The 375,862-square-foot building in Phoenix traded for almost $93 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company is the new owner of a 21-story Class A building that was 94 percent leased upon closing. <\/p>\n","protected":false},"author":870,"featured_media":1004377430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1493],"tags":[39270,38112,33655,33303],"class_list":["post-1004377424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-orlando","tag-black-salmon","tag-regions-bank","tag-regus","tag-tower-realty-partners-inc"],"acf":[],"yoast_head":"\nBlack Salmon Pays $68M for Orlando CBD Office Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/black-salmon-pays-68m-for-orlando-cbd-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Salmon Pays $68M for Orlando CBD Office Tower\" \/>\n<meta property=\"og:description\" content=\"The company is the new owner of a 21-story Class A building that was 94 percent leased upon closing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/black-salmon-pays-68m-for-orlando-cbd-office-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-19T18:14:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T14:02:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/111-North-Orange-e1576762095818.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1065\" \/>\n\t<meta property=\"og:image:height\" content=\"798\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/black-salmon-pays-68m-for-orlando-cbd-office-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/black-salmon-pays-68m-for-orlando-cbd-office-tower\/\",\"name\":\"Black Salmon Pays $68M for Orlando CBD Office Tower - 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