4-story office building underway in downtown's 'North Quarter'

The Moss & Associates construction management firm has started work on a $5.1 million office building at 800 N. Orange Ave. in downtown Orlando.

The four-story building, developed by Ustler Development Inc., will have 17,124 square feet and is scheduled for completion in early 2015. It's fully pre-leased to three tenants: R.D. Keene Trust, the Ustler Group of Companies and Moss & Associates. The building will include surface parking with ground-floor garage parking and a lobby with adjacent meeting space on Orange Avenue.

"We're excited to build this new first-class office building in downtown Orlando," said Rob Baker, vice president of Moss in Central Florida. "We're also proud to continue building on the great momentum of the North Quarter."

The North Quarter, as it's being called, includes a five-block area along Orange Avenue, from Colonial Drive north to Lake Ivanhoe. The NORA and SteelHouse apartments are located there.

The architect is Baker Barrios and the construction lender is Orange Bank.

Sales

Daryl M. Carter, president of Maury L. Carter & Associates Inc., represented the buyer in the $3.9 million acquisition of 29 acres that were added to the owner's existing 45 acres at the Western Beltway/New Independence Parkway interchange. Buddy Brown, of 828 Realty LLC, represented the seller of a 10-acre tract that was part of the 29-acre sale.

Morrison Commercial Real Estate completed the $1.1 million sale of a manufacturing/office building with 19,980 square feet at 120 Maritime Drive in Sanford Central Park. Christi Davis, vice president at Morrison, represented the seller, Carl W. Brantley Jr. Trustee. The buyer was MMCC LLC.

NAI Realvest, completed the $325,050 sale of a 24-acre townhouse development on Primo Court in Holly Hill.Chris Butera, investment associate at NAI, represented the buyer, Mirage HH Partners. The seller was Eagle FL V SPE LLC, of Montgomery, Ala. The development, called The Mirage, consists of 33 developed lots and 108 platted lots.

Leases

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4-story office building underway in downtown's 'North Quarter'