Description

Jones Lang LaSalle JLL is pleased to present the exclusive opportunity to acquire the leasehold interest in Heathrow International Business Center the Property through a receivership sale. This premier 709,004 rentable square foot office portfolio is strategically positioned in Orlando's highly desirable Lake Mary submarket and is held pursuant to a ground lease with an expiration date of 2120. Comprising five buildings constructed between 1989 and 2001, the Property delivers an 82% occupancy rate with an 2.0-year Weighted Average Lease Term WALT and 12.2-year Weighted Average Tenant Tenancy WATT. The portfolio offers an exceptional 4.97 per 1,000 SF parking ratio with a structured parking garage and features modern on-site amenities including a café, fitness center with locker rooms and showers, and lobby atriums with golf course views.

Heathrow International Business Center benefits from unmatched connectivity and surrounding retail density within the Lake Mary submarket, with convenient Interstate-4 access providing seamless connectivity throughout the Orlando MSA. The Property's tenant roster reflects exceptional stability and credit quality, anchored by Deloitte's recent renewal of 124,000 square feet alongside several other industry leaders, demonstrating the Property's sustained market appeal and competitive positioning.

This transaction presents a significant value-add opportunity with upside potential to acquire a high-quality office portfolio at a substantial discount to replacement cost. With its strategic location, institutional-grade tenant base, modern amenity package, and substantial lease-up potential, Heathrow International Business Center represents a unique investment opportunity with meaningful upside through stabilization of 126,426 square feet of available space in one of Orlando's largest office submarkets.

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