X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Jaymont Realty Inc., a commercial brokerage name synonymous with Downtown development growth over the past two decades, is no longer an active player. The 19-year-old firm has done its last big deal, the $7.6 million sale of the 2.29-acre North Orange Avenue block of vacant retail structures, and is calling it a day.

Jaymont, however, will stay on until Dec. 15 as the manager of record for the 20-story, 223,190-sf 111 N. Orange office building, locally referred to as the Copper-Whopper for its copper-colored motif. USAA Realty takes over the building’s management chores Friday, representing the new owner, Tavistock Allan, an international investment group counseled by Joseph L. Lewis.

Lewis is a reclusive retired British billionaire industrial magnate and extensive area property owner who has lived in Orlando for the past 25 years. He has never granted an interview and has never been photographed by the media.

GlobeSt.com reported the sale of the building and the surrounding 2.29 acres on Dec. 4. Tavistock Allan paid Saudi-Arabian-owned Jaymont USA Inc. $3.32 million per acre or $76.18 per sf for the property. The buyer is considering several uses for the prime site. Jaymont Realty is headed by Floyd Fawsett, a former professional football halfback with Atlanta in the 1950s.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.