Franklin Street Negotiates 10,000 SF Office/Retail Lease For CenterState Bank

Jan 31, 2018 No Comments by

CenterState Bank, N.A. announced plans to move and expand its operations in Orlando by moving its downtown branch to 20 North Orange, a newly renovated office tower located at the corner of Orange Avenue and Central Boulevard.

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, in the transaction.

Franklin Street arranged the lease of office and retail space to Winter Haven-based CenterState Bank, which recently became one of Florida’s largest community banks with $10.1 billion in assets.  Once the space is built out, the bank will be consolidating a smaller nearby branch into the 20 North Orange location. The move will allow the company to open a new full-service bank branch and corporate offices with space for up to 30 employees. The lease with CenterState includes anchor tenant signage atop 20 North Orange as well as space for an ATM machine area. The new signage is scheduled to be installed this week.

Built in 1983, the 16-story, 276,868-square-foot 20 North Orange building was recently extensively renovated with further improvements to the streetscape to be completed as well.

CBRE’s Nan McCormick and Amanda McClure represented the tenant in the transaction.

 

“The move by CenterState highlights the dynamic economic growth underway in downtown Orlando, which is helping drive significant local investment and job creation across the Central Florida region,” said Baker. “20 North Orange’s ideal location and amenities helped to influence CenterState’s decision to move into the building. The substantial improvements that have been made by building owner, Steelbridge, have increased the value of this asset and created an ideal place for this relocation and expansion.”

“Putting the CenterState name on this building and moving into downtown Orlando has created a lot of excitement for our employees,” said Brett Barnhardt, Community President for CenterState Bank in   Osceola, Orange, and Seminole Counties. “This move will help us as we continue to grow our presence in Orlando and throughout the state of Florida.”

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.

 

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Industry News, NA, Office, Retail
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