The Orlando office of Houston-based, 48-year-old PM Realty Group is taking over from Lincoln Property Co. which brought the four-story building to 92% occupancy. Anchor tenants are Sprint and Ford Motor Credit Co.
The value of the management and leasing contract wasn't disclosed in a prepared statement from PM.
Average quoted rent at the building is the market rate of $21.50 per sf to $22.50 per sf. Estimated occupancy in the Maitland Center submarket is about 85%, according to PM Realty regional vice president Bob Dukes.
Dukes, senior property manager Bert Locke and PM senior vice president/Central Division director Bill Goeke will oversee management operations at the property, formerly known as the Southpoint Building.
"This assignment grew out of the relationship we hold with TMW Real Estate Group in other national markets," Goeke says in the statement.The Southhall Lane property brings PM's Florida portfolio to 2.4 million sf of managed and leased space, including 1.2 million sf in metro Orlando.
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