Seeking a presence in downtown Orlando for its administrative offices, BBVA Compass Bank found its new home at 111 N. Magnolia Ave. The bank has leased 4,386 square feet of space in One Eleven for five years. Jay Dixon from Lincoln Property Company represented the owner and Mark Stratman from Jones Lang LaSalle represented the tenant.
One Eleven is a mixed-use project including retail, office and residential. This lease brings the building’s office portion to 83 percent leased. Lincoln leases and manages the property.
“In 2011 there has been a lot of interest and activity at One Eleven,” said Dixon. “We still have some ideal space for an office or retail tenant, but space is leasing fast.”