Denholtz Inks Office Lease Renewal in Downtown Orlando
CBRE represented the landlord and Foundry Commercial worked on behalf of the tenant in the lease negotiations at the 83,000-square-foot office building.
By Timea Papp
100 E. Pine St.
Denholtz Associates completed a lease renewal with Progressive Debt Relief at an 83,000-square-foot office building in downtown Orlando, Fla. The debt consolidation company will continue to occupy a 12,570-square-foot space at the recently renovated property.
Located at 100 E. Pine St., the six-story building was constructed in 1977 and underwent significant renovations after Denholtz Associates purchased the asset in 2016. The improvement program included a completely renovated lobby, and upgrades to the building’s common corridors and mechanical systems. Further renovations are planned for the exterior and interior, including a new office awning and elevators, lighting the building crown and painting the exterior of the property. Work is slated for completion later in 2017.
Committed tenant
CBRE Vice President Micah Strader worked on behalf of Denholtz Associates in the lease negotiations, while Senior Vice President Jeff Patterson of Foundry Commercial represented the tenant.
“Retaining high-quality and established clients such as Progressive Debt Relief, has been a focus of our strategy for this property since we acquired it last year,” said Kristine Hurlbut, senior vice president of leasing at Denholtz Associates, in prepared remarks. “Our focus on creating exciting and modern office spaces and our commitment to delivering a superior tenant experience has allowed us to successfully execute our multi-tenant strategy in both New Jersey and Florida.”
Located at the intersection of East Pine Street and South Magnolia Avenue, the building provides visibility and exposure to retail tenants from both streets and access to major transportation nodes, including Interstate 4 and Florida State Road 408. Downtown Orlando’s popular Lake Eola Park is only two blocks northeast of the property.
Last month Denholtz Associates closed a series of leases at a seven-building campus in Winter Park, Fla.
Image courtesy of Denholtz Associates
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