SOURCE: Foundry Commercial

Foundry Commercial

May 05, 2016 10:46 ET

Andretti Indoor Karting & Games Selects Foundry Commercial for Project Management and Owner Representation at New Orlando Location

Georgia-Based Entertainment Company Partners With Commercial Real Estate Firm to Expand Brand in Markets Across Southeast, Including Florida

ORLANDO, FL--(Marketwired - May 05, 2016) - Georgia-based entertainment company Andretti Indoor Karting & Games has named Foundry Commercial as its project management and owner representation partner for its new Orlando location, located directly behind the convention center on Universal Blvd. Additionally, the commercial real estate company will assist Andretti Indoor Karting & Games with selecting more site locations throughout the Southeast.

Andretti, one of the most unique entertainment experiences in Georgia, has built a strong customer base in the Roswell, GA and Marietta, GA markets. Now, the company is expanding to additional cities across the Southeast, and has selected Orlando as its first stop for development.

The new facility, which will enjoy close proximity to other Orlando entertainment, tourist hubs and the Orange County Convention Center, will span 160,000+/- square feet and will offer guests a variety of indoor activities, including electric indoor karting on multi level tracks, racing simulators, laser tag, bowling, arcade games, an elevated ropes course, rock climbing, sky bar, a fresh food full service restaurant and over 7,000 square feet of meeting space.

"As one of the top tourist and convention destinations in the world, Orlando, FL afford us the unique opportunity to introduce the Andretti brand of entertainment to the millions of visitors coming to the area as well as the more than two million residents of this thriving community," said Edison Hamann, managing member of AIKG, LLC. "Foundry has an excellent reputation in the industry for managing projects of all sizes and budgets with the upmost care and integrity. It was an easy decision for our company to hire them for our expansion."

In Orlando, Foundry Commercial will lead the general contractor and the design build teams, oversee design process, orchestrate approval from the Development Review Committee and guide Andretti in the local permitting process.

"Andretti Indoor Karting & Games will be an outstanding addition to the Orlando community," said Paul Ellis, CEO of Foundry Commercial. "Anyone who lives here knows that there is no shortage of entertainment possibilities, but this facility will be an entertainment experience that is unlike anything in Central Florida. We are thrilled to be a part of the team that is bringing it to life."

Construction on the Andretti Indoor Karting & Games Orlando facility will begin in July 2016. Expected delivery of the facility is slated for Spring 2017.

About Foundry Commercial

Foundry Commercial is a full-service real estate services and investment company with 240 employees and more than 40 million square feet of management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the Country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than $500 million in advantaged investment opportunities in partnership with its clients. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2015 through a management led buyout. For more information, visit www.foundrycommercial.com.

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