ORLANDO-Already one of Orlando’s largest employers with a work force of 5,000, Siemens Westinghouse Corp. is about to become one of the area’s largest commercial office space users as well.

The locally based division of Germany-based Siemens AG plans to build a 225,000-sf, $40 million call center next year in the Quadrangle Office Park adjacent its two existing 225,000-sf buildings.

Siemens also leases 80,000 sf at the nearby Central Florida Research Park next to the University of Central Florida campus. The company’s telecom-switch factor in suburban Lake Mary, Fl. takes up 100,000 sf. That would give Siemens a total of 855,000 sf of leased office in metro Orlando.

The estimated total hard construction cost of the five structures is $170 million or about $200 per sf, construction industry estimators familiar with comparable projects tell GlobeSt.com on condition of anonymity.

Orange County commissioners are expected to approve a $367,000 economic incentive package this week to make sure Siemens goes through with plans to build the call center. The $367,000 would be paid to Siemens over six years.

The state also will contribute $1.5 million on promises the company will create a stipulated number of high-paying jobs.

Siemens plans to create 615 new positions. Nineteen managers will be paid about $98,000 each. About 236 other professionals will receive salaries averaging $54,000 each. The remaining 360 administrative support staffers will be paid salaries averaging $34,000. The current average wage in Orange County is $30,000, according to the county’s economic development division.

The incentive package issue comes as Siemens nationwide is laying off 17,000 employees, 23 at its Lake Mary telecommunications office.

The staff reductions followed the company’s reported third-quarter loss of $427 million versus a profit of $385 million in the same period last year.

The operating loss excluded a one-time gain of $2.8 billion from the sale of its interest in Infineon, a microchip maker. Total third-quarter revenue was up 20% to $18.8 billion.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 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.


GlobeSt Net Lease Spring 2024Event

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

Get More Information


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 © 2023 ALM Global, LLC. All Rights Reserved.