ORLANDO—Orlando has been a tourist hot spot for decades. Now the booming tourist industry is driving investor spill over into commercial real estate segments beyond hospitality. Namely, office.

JLL represented Lexington Property Trust, in the sale of Sea Harbour Office Center, which is located in the heart of Orlando's tourist corridor. Northridge Capital acquired the eight-story class A office building for $64.675 million.

JLL's financing team also secured a $40 million loan through Wells Fargo for the buyers. JLL international director Jubeen Vaghefi and managing directors Jeff Morris and Denny St. Romain, along with senior vice president Charles Crapse and vice president Bret Felberg led the team.

“The City of Orlando broke yet another record in 2014, playing host to more than 62 million visitors and we're seeing that interest play out within the investment community as well,” says Morris. “Sea Harbor Office Center is one of the most attractive, stabilized and institutional-quality properties the city has to offer and the city's surging employment fundamentals bode well for its success in future years.”

Sea Harbor Office Center is a fully-leased, 359,514-square-foot class A office building. It sits off International Drive and directly across the street from SeaWorld Orlando. The office building has a neighboring five-level parking structure and three surface parking lots.

“Lenders were drawn to Sea Harbor's strong occupancy rates and leasing momentum—both of which have outperformed the market by a meaningful margin,” says St. Romain. The property wrapped up an $18 million top-to-bottom renovation in 2010 and added a state-of-the-art fitness center and a fully upgraded cafeteria.