The expansion plan, which will provide more than 35,000 square feet of new space, will also include a fully renovated lobby and box office, additional space for its growing educational programs, two state-of-the-art rehearsal halls, a 400-seat theatre-in-the-round and a public restaurant.

JLL is expected to move its existing teams in Westmont and Lombard and its approximately 350 employees, to Oakmont Point this fall.

Walker & Dunlop brokered the transaction for the 180-unit property, which is capturing some of the highest rents in the state, for Bluerock.

The two locations add a combined 59,262 square feet of co-working commercial space to CGI Merchant Group's The Nexus Workspaces portfolio.

The sale price more than likely is north of $100 million since CrossHarbour acquired the property in 2016 for $101 million and since then undertook a multi-million-dollar capital improvement plan at the hotel that was completed in 2017.

Davis, Kellogg and Morrison have worked as team for more than four years and bring 40 years of combined experience in the Orlando office market.

The firm behind Built states that the new platform will offer tenants turn-key, pre-built space fully furnished with best-in-class finishes and modern workstations.

The 500,000-square-foot office development in the West Midtown submarket along the 17th Street corridor, will consist of two distinct buildings.