Executive airport $8M project planned
is slated to start work by July 1 on a new, $8 million glass-walled terminal with a fourth-floor restaurant at Orlando Executive Airport on East Colonial Drive, according to developer
The four-story building, with 36,000 square feet, is being constructed as a gateway for the business-class airport just east of downtown Orlando, said Todd Anderson, Sheltair senior vice president of real estate and development.
Planned to have views of the downtown skyline, the restaurant and new office space can provide meeting places, he added. The first floor will include 8,500 square feet of terminal operations and an expanded lobby.
Since 2003, Sheltair has leased the 50-acre property from Greater Orlando Aviation Authority and subleases the space to aviation-related charters, companies and individual plane owners. Increased demand for executive air service catering primarily to downtown Orlando and Winter Park has necessitated the expansions, which will accommodate increasingly large airplanes, Anderson said.
The new terminal comes as contractors complete two new hangars, which add about 22,600 square feet to the airport’s existing 300,000 square feet. Orlandobased Johnson and Laux is nearing completion of that $5.5 million project.
of Deerfield Beach, is the designer. Park for $136 million, records show, in what brokers say is Central Florida’s largest sale of a suburban office campus.
represented a fund advised by New York-based in its sales of the four buildings in Lake Mary near Interstate 4 and State Road 417 with 662,320 square feet of office space built from 2001 to 2006. The properties were 96.9 percent leased with tenants including
and The Cushman & Wakefield Capital Markets team worked on the sale.
purchased the Grand Reserve at Kirkman Parke with 390 condominium units for $22 million from Miamibased The Tampa-based
team of Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger represented the buyer. The gated community of 15, three-story buildings includes 22 acres at 3301 S. Kirkman Road and was built as an amenitized rental community in 2000 before converting to condominiums in 2005. A New York-based group including investor Hioe Nelson purchased the 17.67-acre Lake Point Business Center from for $11.85 million, records show. The industrial portfolio at 6200-6360 Hazeltine National Drive is home to the airline catering tenant and includes 134,389 square feet. Ron Rogg and Chip Wooten represented the sales group,