Skip to main content Skip to footer

Florida office building occupied by 24-7 Intouch sold to Texas investor

247 Intouch Hero

North Orlando property is one of three 24-7 Intouch facilities being marketed for sale

PHOENIX – The Galloway Building, located at 850 E. Altamonte Drive in Altamonte Springs, Florida, sold to a private investor. Fully occupied by 24-7 Intouch, this is one of three buildings that are being marketed for sale throughout the country leased by the global contact management outsourcing company.

“This property is situated in a dynamic north Orlando suburb and offers impressive stability with 24-7 Intouch as a long-term tenant,” says Mindy Korth, executive vice president with Colliers in Arizona. 

Korth and JK Jackson with Colliers in Arizona handled the sale transaction, with assistance from Joe Rossi with Colliers in Orlando. The private investor of Irving, Texas purchased the Galloway Building from 850 East Altamonte LP of Manitoba, Canada. 

Constructed in 1976, the Galloway Building was substantially remodeled in 2016 and 2017 when 24-7 Intouch moved in. The property contains 98,204 square feet of office space in a seven-story structure that is situated on 8.79 acres of land. 24-7 Intouch occupied the building since January 2016.

The Galloway Building is located within a 30 minute commute for more than 1.38 million people. In addition to being close to two major freeways, the building is a short distance from a SunRail train station.  

About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $77 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

Related Experts

Mindy Korth

Executive Vice President

Phoenix

As an executive vice president of investment services with Colliers, Mindy Korth is accomplished in all sectors of the investment real estate community, including office, medical office, retail, datacenters, high-finish industrial, commercial land, and unique projects across metropolitan Phoenix and nationally.

Mindy leads an investment sales team that includes Jenny Bassett, real estate analyst; Kelsey Robinson, client services coordinator; and Alyssa Smith, client services coordinator.

Mindy is focused on identifying investment opportunities, executing client strategy, establishing relationships between parties, and coordinating property financial analysis and due diligence. Her wealth of industry, market, property, and financial intelligence provides clients with the information they need to make informed decisions and complete successful investment transactions. She has completed transactions totaling more than 26 million square feet, and more than $4.6 billion in value.

Throughout her career, Mindy has been involved in each aspect of real estate, including new and rehab development, financial structuring deals in capital markets, leasing, management, site selection, network planning, acquisitions and dispositions programming, financial analysis, and underwriting.

 

View expert

John Jackson

Vice President

Phoenix

As vice president for retail services with Colliers, John (JK) Jackson specializes in the sale and leasing of retail properties, representing landlords, tenants and investors. He has completed transactions on behalf of tenants and landlords for retail shopping centers, neighborhood centers and standalone properties.

JK has the proven ability to achieve results for clients through comprehensive market strategies, long-range planning, identifying opportunities to increase cash flow and developing solutions for excess vacancy. A consummate professional, he thoroughly analyzes the financial details of each transaction to ensure his clients' economic and business objectives are met. He carefully crafts leases to support growth, minimize risk and protect investments.

As an experienced leasing broker, JK brings a dynamic and innovative prospecting style to the table. He targets quality tenants that represent the least risk and complement the tenant mix of each property. He works diligently to match tenant requirements and available space to support location decisions. Through market research, demographics and traffic analysis, JK helps tenants make strategic decisions to support their long-term plans.

His experience spans 13 years as a commercial real estate agent in Greater Phoenix, focusing on retail properties. Prior to joining Colliers, he was an associate vice president with Velocity Retail Group in Phoenix, where he represented landlords and tenants in the leasing of retail properties and worked closely with development services to identify and sign tenants to new projects. Previously, JK was a senior associate with Rein & Grossoehme Commercial Real Estate, specializing in landlord and tenant representation.

View expert

Joe Rossi

Executive Managing Director, Investment Services

Orlando

Joe Rossi, CCIM, is the Executive Managing Director of Investment Services at Colliers International in Central Florida, leading Colliers’ Capital Markets platform with a focus on industrial, office, flex and medical properties throughout the State of Florida. Joe, a 28-year veteran, is a highly-regarded professional within the Florida real estate investment markets and has established a vast network of investors and financial contacts. Joe has spent the majority of his professional career working extensively to represent institutions, private equity, individual investors, and owner/operators to procure the best possible outcome for their acquisition/disposition needs. Joe provides expert guidance and advisory services to his clients throughout all stages of their ownership cycle including asset management, portfolio analysis, sale advisory and consulting. Over his career, Joe has generated more than $900 million in transactional sales volume across more than 8.1M square feet of space.

Prior to joining Colliers, Joe's business background includes:

  • Senior Vice President – Investment Services at Lincoln Property Company for four years where he handled office, industrial and retail investment sales. He closed transactions in excess of $64M across 15 transactions, acting as a receiver where needed. 
  • Senior Vice President – Investment Services Group with Grubb & Ellis for 6.5 years and was a key member of their Financial Services Asset Management and Distressed Property Services groups with over $170 million in 32 transactions.
  • Manager - Real Estate Investments at The St. Joe Company from 1998-2004, directing the disposition of over 1M square feet of commercial properties. 
  • Real Estate/Budget Analyst for Koger Equity, performing underwriting analysis and research across more than 1.6 million square feet of office development projects and 2 million square feet of office acquisitions. Joe was also responsible for the budgeting and cash flow projections for the entire 36 million square foot portfolio.
View expert