CP Group Renews 50,000-SF Lease with General Dynamics in Orlando
CP Group, the largest office landlord in Florida and a distinguished owner-operator of office properties throughout the Sunbelt, recently announced significant leasing activity at Resource Square I & III—two premier Class A office buildings located in the heart of Central Florida Research Park in Orlando, Florida. The company has successfully secured three notable leasing agreements, reinforcing the property’s appeal as a hub for business and innovation.
One of the most prominent transactions is the lease renewal by General Dynamics, a global aerospace and defense company, which has reaffirmed its commitment to Resource Square III by renewing its lease for 50,368 square feet. This renewal underscores General Dynamics’ confidence in the location and further cements its long-term presence in the region. The lease renewal was facilitated by JLL, the exclusive leasing agent for the property, with Madison Kimbell representing the landlord, CP Group. Meanwhile, CBRE’s Diane Drobia and Chris Sproles represented General Dynamics in the negotiations.
Beyond General Dynamics’ renewal, two additional leasing transactions have been completed, contributing to a total of more than 65,000 square feet of leasing activity at Resource Square I & III over the past several months. These milestones highlight the demand for high-quality office space in Orlando’s flourishing business environment.
The other two leasing agreements at Resource Square III include:
- American Electronic Warfare Associates (Amewas) Inc., a well-respected Department of Defense contractor specializing in electronic warfare and systems engineering, has signed a lease for 10,420 square feet of office space. The addition of Amewas further solidifies Resource Square as a key location for defense and technology-related firms.
- Florida Office Group, a provider of professional office space solutions and virtual office programs, has renewed its lease for 4,249 square feet, continuing its presence within Resource Square III and ensuring its clients have access to premium office accommodations.
The successful leasing activity at Resource Square I & III reflects CP Group’s strategic approach to property management and tenant retention. Josh Edwards, Senior Vice President at CP Group, emphasized the importance of maintaining strong relationships with established tenants and attracting new ones. “Retaining top-tier tenants like General Dynamics and other industry leaders is integral to our long-term development and management strategy for the park,” Edwards stated. “The renovations at Resource Square I & III—alongside our tenant experience program, accessible location, and sought-after amenities—position this property to attract and support Central Florida’s leading employers in a prime research, education, and commerce hub.”
CP Group’s acquisition of Resource Square I & III in January 2020 marked the beginning of a concerted effort to enhance the properties. Since taking ownership, the company has undertaken extensive upgrades aimed at elevating the overall tenant experience. Some of the significant improvements include:
- Outdoor Enhancements: A newly developed outdoor seating area and a scenic lakefront gazebo offer tenants a tranquil space to relax and collaborate.
- Interior Renovations: Modernized lobbies and common areas have been refreshed to reflect contemporary aesthetics, fostering a welcoming and professional atmosphere.
- Move-In Ready Spec Suites: CP Group has created fully customized, pre-furnished office spaces designed for immediate occupancy. Currently, four spec suites remain available for lease, with sizes ranging from 1,985 to 19,380 square feet, catering to a diverse array of business needs.
Resource Square I & III offer a variety of premium amenities tailored to meet the evolving needs of today’s workforce. Tenants can take advantage of on-site fitness centers in both buildings, high-speed fiber internet access, and nature trails that provide an ideal setting for outdoor breaks. Additionally, food trucks visit the property daily, bringing a range of dining options directly to the workplace.
Situated within Orlando’s Central Florida Research Park, the office complex benefits from its prime location adjacent to the University of Central Florida (UCF), the largest university in the nation by enrollment, with over 68,000 students. The proximity to UCF provides tenants with direct access to a vast, highly educated labor pool, making it an attractive choice for companies looking to recruit top talent.
The accessibility of Resource Square I & III further enhances its appeal. The buildings are located near major transportation arteries, including Florida State Road 408 and East Colonial Drive, ensuring convenient commutes for employees. Additionally, the office complex is just a 20-minute drive from Orlando International Airport, making it an ideal choice for companies with frequent business travel needs.
Beyond transportation, Resource Square I & III offer unparalleled convenience for dining and shopping. The office complex is just six minutes away from over 30 dining options and a short drive from Waterford Lakes Town Center, a sprawling 1.9-million-square-foot shopping center. With popular retailers like Target and an IMAX movie theater, employees have easy access to both everyday necessities and entertainment options.
The commitment to excellence at Resource Square has been recognized by industry peers. Resource Square I was honored as a 2022 category winner of The Outstanding Building of the Year (TOBY) Awards by the Orlando Chapter of the Building Owners and Managers Association (BOMA). This prestigious recognition underscores CP Group’s dedication to maintaining high standards in property management and tenant satisfaction.
As CP Group continues to invest in and enhance Resource Square I & III, the company remains focused on fostering a dynamic and innovative work environment. The recent leasing activity serves as a testament to the property’s desirability, and the company anticipates further leasing momentum in the coming months.
