125,000-Square-Foot Class A Office Building Will Expand CenterPointe on the Park
Leading Central Florida property developer Emerson International (Emerson) has selected Newmark Knight Frank (NKF) as its exclusive office leasing agent for CenterPointe III in Altamonte Springs, FL, as the owner prepares to break ground in early 2018 with delivery of 125,000 square feet of Class A workspace in early 2019.
Executive Managing Director Dan Caligiuri leads marketing and leasing for the project, which re-energizes the master plan for a 55-acre, mixed-use development in north metro Orlando. This listing represents the first major agency leasing assignment for the NKF Orlando office, which Caligiuri helped found in late 2016.
The first phase of construction includes a five-story, Class A office building with 25,000 square feet floorplates served by an on-site, structured parking garage offering a 5 per 1,000 parking ratio. Plans for a second phase would include CenterPointe IV, designed for approximately 200,000 square feet; together, this would bring the total size of the project up to 325,000 square feet of office space. CenterPointe III will be the third office building installment for the development footprint and will be located directly across from CenterPointe II and CenterPoint I on Central Parkway, which will be served by a new I-4 interchange.
“The asset mix complementing CenterPointe III is an ideal solution for companies looking to attract the millennial workforce,” said Caligiuri. “The combination of a large and scalable contiguous block of Class A office space, structured parking, adjacent luxury residential housing, high walkability factor, efficient accessibility via the new I-4 Interchange upgrade along with SunRail access create a unique live-work-play experience.”
The site will be adjacent to the new Sanctuary at Altamonte luxury apartments within the extensive CenterPointe on the Park development and its scenic lakefront setting overlooking Cranes Roost Park. The Sanctuary’s first phase will deliver 300 units. It offers convenient access to I-4 (via 436/Semoran Boulevard and Central Parkway) as well as Altamonte Mall, Uptown Altamonte, two international airports and major Orlando attractions.
About Newmark Knight Frank
Newmark Knight Frank (NKF) is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF's 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. NKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visitwww.bgcpartners.com.
