JLL Closes Sale of 359,514-SF Sea Harbor Office Center in Orlando's Tourist Corridor to Duvalla Investments and Epoch Residential

JLL Capital Markets has completed the sale of Sea Harbor Office Center, a 359,514-square-foot, Class A office building located in Orlando's Tourist Corridor submarket, the firm announced Sept. 1, 2026. JLL represented the seller, Northridge Capital, in the transaction, with Duvalla Investments and Epoch Residential acquiring the property for approximately $17 million, or roughly $47 per square foot.

Property Overview and Deal Structure

Sea Harbor Office Center sits at 6277 Sea Harbor Drive, directly across from SeaWorld Orlando, offering prominent visibility along International Drive. The eight-story building, originally constructed in 1984, features institutional-quality finishes including a full-service cafeteria, a fitness center, and two separate entry lobbies with dedicated elevator banks. The property includes a five-story structured parking garage with 1,250 spaces and an additional 380 surface parking spaces.

The 14.23-acre site carries PD zoning that permits both hotel and residential development, providing the new ownership with substantial redevelopment optionality beyond the existing office use. The property was approximately 94% occupied at the time of sale, with a significant portion of that occupancy rolling in October 2025, creating near-term repositioning opportunity.

Northridge Capital originally acquired Sea Harbor Office Center from Lexington Realty Trust in 2015 for $64.68 million, or approximately $180 per square foot. The 2026 sale price of roughly $17 million represents a steep discount to that prior basis, reflecting broader repricing of non-core office assets and the property's transition toward a land and redevelopment value proposition rather than a stabilized income play.

Buyer Strategy: Duvalla Investments and Epoch Residential

The pairing of Duvalla Investments and Epoch Residential points to a mixed-use or value-add redevelopment strategy. Duvalla Investments is a real estate investment firm that has completed more than $10 billion in real estate transactions across all asset types. Epoch Residential, based in Winter Park, Florida, focuses on multifamily development and operations across major Sunbelt markets.

The combination of a large land position, flexible zoning, and a high-parking-ratio asset adjacent to major tourism infrastructure positions the buyers to pursue residential, hospitality, or mixed-use development alongside any near-term office repositioning. Available listings in 2025 and 2026 showed approximately 271,338 square feet of space available across seven suites, with asking full-service rents in the range of $23 to $29 per square foot annually.

Tourist Corridor Submarket Context

The Tourist Corridor is one of Orlando's premier suburban office markets, and the immediate area surrounding Sea Harbor Office Center has seen significant investment activity in recent years. More than 6,400 multifamily units have been delivered in the vicinity since 2021, with an additional 3,600 units under construction or planned. Major nearby developments include a new 504-room hotel at SeaWorld Orlando projected to complete in 2026, a $560 million Orange County Convention Center expansion projected to complete in 2028, and Universal's Epic Universe theme park, which opened in 2025.

The building has historically been associated with notable tenants including Harcourt Brace and Travel + Leisure. At a sale basis in the mid-$40s per square foot on a parking-rich, tourism-adjacent site, the pricing reflects land and optionality value more than stabilized office yield.

JLL Capital Markets Team

JLL's Capital Markets Investment Sales and Advisory team representing Northridge Capital was led by Managing Director Robbie McEwan, Director Tucker Brooks, and Associate Jesse Jones.

"Sea Harbor Office Center represented a unique opportunity in Orlando's highest-performing office submarket," McEwan said. "The property's institutional quality, significant structured parking and flexible zoning on a 14-acre site provide exceptional optionality for a value-add investor or redevelopment opportunity."

JLL Capital Markets operates as a full-service global provider of capital solutions for real estate investors and occupiers, with more than 3,000 specialists worldwide and offices in nearly 50 countries. Northridge Capital, established in 1997, has focused primarily on value-add, long-term stable income, and ground-up development strategies, working predominantly with overseas institutional and individual investors.

Sources

JLL Newsroom — JLL Arranges Sale of Sea Harbor Office Center in Orlando