Historic Building Turns Innovative Shared Office Space in Orlando

ORLANDO – Orlando is posting a growing demand for collaborative office space. One of the latest examples is The Exchange, which is located at 101 S. Garland Ave. in Downtown Orlando’s historic Church Street District.

Also known as The Church Street Exchange, 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. Now, the building operates approximately 20,000, square feet of retail and 65,000 square feet of office space.

One of the most recent wins for the Orlando shared office space provider is PlanSource. PlanSource just signed an office lease to bring its headquarters to The Exchange. 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. In fact, PlanSource’s headquarters will be located where the mall’s food court originally stood within the property.

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.

“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,” says Gray. “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.”

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.

“The move brings more jobs into the downtown business district,” writes South Florida Business Journal reporter Abraham Aboraya. “Getting a corporate user for the building also could help jump-start additional interest to take up available space, helping in the resurgence of the long-struggling Church Street Station development in downtown.”

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