The Orlando-based real estate investment firm is making the donation over five years. The money will be used to support activities in the CityArts Factory, located at 29 S. Orange Ave.
"This donation addresses a vital need in the long-term strategic plan for the venue and the Downtown Arts District, and in achieving our mission of growing the arts in the heart of Orlando," says Kurt Bauerle, chairman of the Downtown Arts District, in a prepared statement.
Originally the Phillips Theatre [1923 to 1929], CityArts Factory is a four-story, 19,135-square-foot public gallery and venue space. Opened in June 2006, CityArts Factory has hosted more than 180 art events and exhibits, traveling galleries and educational classes. It is home to five separate art galleries, a classroom, an artist studio, and an 8,000 square-foot events and performance space -- renamed the Eola Capital Loft at CityArts Factory in appreciation of the company's donation.
"Orlando is a growing community, rich in art and culture, and we're honored to assist in the continued revitalization efforts in the City," says Jim Heistand, CEO of Eola Capital. "Our investment is representative of our commitment to Orlando."
Headquartered in Orlando, Eola Capital is a privately held real estate investment company that owns, operates and manages 115 office buildings throughout the Southeastern United States.
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