Cousins Properties To Sell 1M SF Of Downtown Orlando Office Space
One of downtown Orlando’s largest office landlords, Atlanta-based Cousins Properties, has tapped Eastdil Secured to market its Orlando office portfolio of more than 1M SF, the Orlando Business Journal reports.
The portfolio, a trio of properties, contains the 28-year-old, 421K SF Bank of America Center at 390 North Orange Ave., which is Orlando's fourth-largest high-rise; the 30-year-old, 355K SF One Orlando Centre at 800 North Magnolia Ave.; and the 46-year-old, 260K SF Citrus Center at 255 South Orange Ave.
Cousins has owned the properties only about a year, since it acquired Florida-based Parkway Properties, which held the portfolio.
Among the three buildings, the Citrus Center has the highest occupancy, at 96%. Bank of America Center is 89.2% leased, while One Orlando Centre is 80.5%.