Parkway Properties Renews 26,000SF Lease

11/4/2009 8:10:58 AM

Parkway Properties Renews 26,000SF Lease

 

Parkway Properties Renews 26,000SF Lease
 
                                  Orlando - Parkway Properties, Inc. recently renewed the 26,000 square foot ClubCorp lease in the Citrus Center Building in downtown Orlando, Florida. The lease renews the 2,000 member Citrus Club’s top-floor dining and meeting facility, along with first floor offices and lower-level fitness center and spa through 2024. Citrus Center is a 261,000 square foot Class-A, 18-story office building that is currently 91% occupied. “The Citrus Club has been a long-standing icon in Downtown Orlando for nearly four decades. It is the venue for business transactions, celebrations of joyous occasions and social/networking opportunities. Parkway is proud to have been a part of its past and is looking forward to partnering with them in the future,” said Lisa L. Smith, Senior Vice President of Parkway Properties. 
 
“I am pleased that we were able to reach agreement with ClubCorp for the renewal of the Citrus Club. We have a long-standing relationship with them in Orlando, as well as other locations throughout Parkway’s portfolio. ClubCorp brings a tremendous amount of professionalism to the private clubs industry and provides a great amenity for our customers in the building and all of Downtown Orlando,” added Steven G. Rogers, President and Chief Executive Officer of Parkway Properties.
 

Parkway was represented by Greg Morrison of Morrison Commercial Real Estate and ClubCorp was represented by Nan McCormick and Mike Phipps of CB Richard Ellis in the lease renewal.


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