ORLANDO—As in other metros accross the country, collaborative workspace is gaining momentum in Orlando. The latest proof point is The Exchange. Also known as The Church Street Exchange, the alternative workspace just signed PlanSource to a 15,559-square-foot lease.

Jones Lang LaSalle vice president Aaron Gray represented The Exchange's ownership, Boston-based Tremont Realty Capital, in the lease. Jason Schrago, a principal of CNL, represented PlanSource.

"One of the unique aspects of The Exchange is that it enables tenants like PlanSource to occupy a high-tech space with modern design elements, while the architectural design throughout the building and in its exterior preserves its historical façade," says Gray. "Our goal is to position The Exchange as the business address of choice for innovative companies including creative and technology firms that will benefit from an open space floor plan and the unique characteristics of the property."

Located at 101 S. Garland Ave. in Downtown Orlando's historic Church Street District, The Exchange was originally constructed in 1988 as an enclosed shopping mall to serve the neighboring community and decades later was partially converted to office space. The building features a large, open-air atrium and tenant spaces have storefront-style glass instead of traditional walls to create an active and vibrant work environment.

PlanSource chose the 87,952-square-foot historic property because of its unique Victorian-style architectural design and open floor plan, which will allow the company to have its individual office space while working side-by-side with other like-minded, innovative companies. The company, which works directly with brokers, carriers and employers to provide outsourced benefits administration software and HR solutions, opted for an open office space floor plan conducive to idea sharing and collaboration. PlanSource's headquarters will be located where the mall's food court originally stood within the property.

The Exchange operates approximately 20,000, square feet of retail and 65,000 square feet of office space. The historical and unique features of the space and its central location in Downtown Orlando make it a unique option for office space users, who can also enjoy a mix of restaurants, shops and entertainment venues in the surrounding area. Office spaces range in size from 5,500 square feet to 23,000 square feet.