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File #: 26-0075    Version: 1 Name:
Type: Agreement/Contract Status: Passed
File created: 12/18/2025 In control: Administrative Services Department
On agenda: 1/13/2026 Final action: 1/13/2026
Title: Approval and execution of First Amendment to Commercial Lease Agreement by and between Pyramid Properties III, LLP and Orange County, Florida for Facilities Management Division at Parkway (Pyramid III), 4548 Parkbreeze Court, Orlando, Florida 32808. Lease file 2015A. District 2. (Real Estate Management Division)
Sponsors: Administrative Services-Real Estate Management
Attachments: 1. Facilities at Parkway (Pyramid III) 2015A Agreement, 2. 2026-01-13 Administrative Services Department Consent Item-21

Interoffice Memorandum

 

DATE: December 22, 2025

 

TO: Mayor Jerry L. Demings and County Commissioners

 

THROUGH: Luciana Mino, Assistant Manager

 

FROM: Jenny Walker, Acquisition Agent

 

CONTACT: Faye Lee, Administrative Assistant

 

PHONE: 407-836-7097

 

DIVISION: Real Estate Management Division

 

ACTION REQUESTED:

title

Approval and execution of First Amendment to Commercial Lease Agreement by and between Pyramid Properties III, LLP and Orange County, Florida for Facilities Management Division at Parkway (Pyramid III), 4548 Parkbreeze Court, Orlando, Florida 32808. Lease file 2015A. District 2. (Real Estate Management Division)

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PROJECT:
Facilities Management Division at Parkway (Pyramid III)
4548 Parkbreeze Court, Orlando, Florida 32808
Lease File 2015A

 

PURPOSE: To approve a First Amendment to the Commercial Lease Agreement establishing the final tenant improvement budget and approving the site floor plans necessary for the Orange County operations.

 

ITEM:
First Amendment to Commercial Lease Agreement 
Total Budget Cost: $2,102,105.92

 

BUDGET: Account No.: 0001-043-0201-4440

 

REVENUE: None

 

FUNDS: N/A

 

APPROVALS: Real Estate Management Division

 

REMARKS: The Board approved the Commercial Lease Agreement for this property on January 28, 2025. The facility will be occupied by the Facilities Management Division (West) and is being renovated to provide office space, locker rooms, warehouse, and workshop areas necessary to support County operational functions. 

The original lease contemplated tenant improvements and included a landlord contribution of $800,000 toward construction costs. At the time of lease approval, it was understood that this contribution might not fully fund the improvements required to meet operational, code, and functional requirements and the total cost of the improvements could not be determined until detailed design, site evaluation, and construction planning were completed. 

As project planning advanced and existing building conditions were further evaluated, the full scope of work and associated costs were established. This First Amendment approves the final site floor plans and establishes a total tenant improvement budget of $2,102,105.92, which includes the landlord’s $800,000 contribution and a County contribution of approximately $1.3 million to complete the improvements necessary for occupancy and continued operations at this location. 

Approval of this item authorizes the tenant improvements as constructed and provides the necessary Board approval for payment and close-out of tenant improvement costs associated with the project.