KEL, previously based in suburban Altamonte Springs, plans toput its logo on the north and south sides of the 32-story tower at111 N. Magnolia Ave. in Downtown Orlando, says Matt Harrison, thefirm's vice president of public relations. It will occupy thebuilding's 15th floor over the next three years with an option tolease additional space on the floor below, he says.

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"Being downtown and close to the courts just shows that we arekey players in the game," Harrison tells GlobeSt.com. "It makessense for us to be here as the firm continues to grow."

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Additional terms of the lease were not disclosed by KEL or thebuilding's owner/developer, Dallas-based Lincoln Property Co.Asking rents at the building, which opened less than two years ago,range from $26 to $30 per square foot.

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Dynetech Corp. vacated the space now being occupied by KEL latelast year after its parent company, Orlando-based Telligenix Corp.,filed for Chapter 11 bankruptcy protection in October under morethan $50 million in debt. Telligenix plans to file a reorganizationplan later this month, while Dynetech has moved to smaller officesin suburban Maitland.

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Overlooking Lake Eola, 111 N. Magnolia Ave. was a key additionto the Orlando skyline during the city's urban condominiumconstruction boom. The building's 150,000-square-foot officesegment is joined by 160 upper-floor apartments, a 600-spaceparking garage and ground-level retail space.

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