The lease has an estimated aggregate value of $15.83 million orabout $20 per sf, the average asking rent in the south Orlandooffice submarket, area brokers tell GlobeSt.com.
Only 45,000 sf is left to lease, giving the building a 66%occupancy level. Banco Popular is currently the building's soletenant, occupying an estimated 5,000 sf.
The class A school, first of its kind in metro Orlando, is beingdeveloped by publicly traded Career Education Corp. of HoffmanEstates, ILL in association with Paris-based Le Cordon Bleu chefstraining institution. The school plans to open in July with a150-seat training restaurant. Academy president Ken Shore isshooting for an enrollment of 900 by 2004.
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