Orlando, FL - The tenant directory isn’t the only thing changing in Lincoln Property Company’s high-rise on Magnolia Avenue – formerly named Dynetech Centre, the building will now go by the name “One Eleven.” As the economic slump of 2009 continues into 2010 for most, Lincoln Property Company’s Jeff Patterson has been able to keep activity at One Eleven high and solidified deals with two new excellent tenants. “The good news about 2010 is that prospects seem to be ready to make deals to better their work environment as opposed to 2009 when most reduced or downsized,” notes Jeff. Higher Advertising is the tenth floor’s latest addition, thanks to Coughlin Commercial’s Will Watkins and Joe Hills. The Law Offices of Kaufman, Englett and Lynd, LLC (KEL Attorneys), represented by Elliott Jamison and Robbie McEwan of Realty Capital, were so excited about their new space they couldn’t wait to announce taking the building’s entire 15th floor.
With activity at a 24-month high and some other exciting deals in the works, One Eleven is well on its way to matching its residential counterpart in the building, ‘Aspire’. LPC’s apartment complex, Aspire, has done extremely well since its opening in 2008, leading the market in occupancy percentage. Aspire is, by all intents and purposes, “full” at 98% leased with only the model units remaining vacant. The waiting lists are full of people clamoring for their opportunity to experience the energy and glamour of living downtown coupled with the historic elegance of Lake Eola.
Though the building has had some tenant hiccups on the commercial side as of late, 2010 definitely looks like One Eleven’s year. “There is more leasing activity now at One Eleven than at any point since its completion. In fact, there are more people currently in occupancy than any other time. This is an exciting, optimistic period for us going forward,” says Scott Stahley, Senior Vice President at Lincoln Property Company. “We intentionally built a Class A 32-story mixed-use building with rental apartment units on top of office floors enabling us to take advantage of two separate markets, and as of now a strong rental residential market buoys our building while the office market plays catch-up.”
http://zoominlocal.com/orlando-sentinel/2010/02/25/#?page=9&mode=3&dpg=1
http://zoominlocal.com/orlando-sentinel/2010/02/25/#?page=20&mode=3&dpg=1