Tavistock Inks Major Build-To-Suit Lease in Orlando
ByTavistock Development Co. has signed Orange Lake Resorts to a build-to-suit lease in Orlando, Fla., and it’s a big one. Tavistock will develop a 240,000-square-foot corporate campus for the vacation ownership industry leader at Infinity Park, the 200-acre, mixed-use business park.
Tavistock’s lease agreement with Orange Lake marks one of the largest office transactions in Orange County year-to-date. “There is a dearth of large blocks of vacant office space in the Orlando metro area, and current office rents do not justify speculative new construction. These factors have combined to limit very large deals,” Skipper Peek, senior vice president, Tavistock Development Co., told Commercial Property Executive.
Orange Lake, which already occupies space at Infinity Park, will consist of an existing 115,000-square-foot building and a new 125,000-square-foot structure designed by HuntonBrady Architects. York Properties represented Orange Lake in the lease transaction, which paves the way for the company to centralize its corporate functions and bring 2,100 employees together at a single location…
