January 7, 2020
National commercial real estate investment firm Black Salmon has acquired 111 North Orange, a 245,201-square-foot office tower in Orlando for $67.7 million. The seller was Tower Realty Partners.
Located in downtown Orlando, the 21-story building is nearby 500,000 square feet of walkable street level retail, as well as new multifamily development. The property was 94% leased at the time of sale to a tenant roster that included Regions Bank, UBS, Geico and Regus.
“Downtown Orlando has been on our radar since the firm’s inception, and we are so pleased to have identified this rare opportunity to own a landmark office tower in the area,” said Grant Peterson, vice president of acquisitions at Black Salmon. “As we look to 2020, we aim to continue expanding our footprint with similar deals for our select group of investors.”
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