ORLANDO—In the biggest lease deal in Orlando's Central BusinessDistrict since the recession, Red Lobster is relocating itsrestaurant support center and headquarters to CNL Tower 1. Thecompany has leased 91,226 square feet of office space in thetower.

Red Lobster expects to move into the Downtown Orlando officebuilding by early 2015, bringing over 300 jobs to the urban core.Red Lobster also plans to hire another 70 employees over the nexttwo years.

"Red Lobster has deep roots in Central Florida, and we arecommitted to remaining part of this dynamic, vibrant community,"said Kim Lopdrup, CEO of Red Lobster. "The CNL building in DowntownOrlando is the perfect place to begin this next chapter in ourhistory because it allows Red Lobster to be at the heart of agrowing business area and provides employees with access to thebest parts of the city."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.