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News release

ORLANDO, FL

PlanSource Signs Headquarters Lease at The Exchange in Downtown Orlando

Jones Lang LaSalle represented the historic property’s ownership in the 15,559SF relocation


ORLANDO, Feb. 5, 2014 – In the latest sign of the growing demand for collaborative work spaces in Central Florida, technology company PlanSource has signed an office lease to bring its headquarters to The Exchange, also known as The Church Street Exchange, located at 101 S. Garland Ave. in Downtown Orlando’s historic Church Street District. The company, which works directly with brokers, carriers and employers to provide outsourced benefits administration software and HR solutions, will occupy 15,559 square feet in an open office space floor plan conducive to idea sharing and collaboration.

Jones Lang LaSalle Vice President Aaron Gray represented The Exchange’s ownership, Boston-based Tremont Realty Capital, in the lease. Jason Schrago, Principal of CNL, represented the tenant, PlanSource.

PlanSource chose the 87,952-square-foot historic property because of its unique Victorian-style architectural design and open floor plan, which will allow the company to have its individual office space while working side-by-side with other like-minded, innovative companies. The building features a large, open-air atrium and tenant spaces have storefront-style glass instead of traditional walls to create an active and vibrant work environment.

“One of the unique aspects of The Exchange is that it enables tenants like PlanSource to occupy a high-tech space with modern design elements, while the architectural design throughout the building and in its exterior preserves its historical façade,” JLL’s Gray explained. “Our goal is to position The Exchange as the business address of choice for innovative companies including creative and technology firms that will benefit from an open space floor plan and the unique characteristics of the property.”

The Exchange was originally constructed in 1988 as an enclosed shopping mall to serve the neighboring community and decades later was partially converted to office space. Today, the building operates approximately 20,000, square feet of retail and 65,000 square feet of office space. In fact, PlanSource’s headquarters will be located where the mall’s food court originally stood within the property.

The historical and unique features of the space and its central location in Downtown Orlando make it a unique option for office space users, who can also enjoy a mix of restaurants, shops and entertainment venues in the surrounding area.
Available office spaces range in size from 5,500 square feet to 23,000 square feet. The asking rental rate is $23.50 per square foot on a modified gross basis. For leasing opportunities, please contact JLL’s Aaron Gray at (407) 982-8772.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4.0 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com. ​