{"id":1004752317,"date":"2025-03-27T12:37:07","date_gmt":"2025-03-27T20:37:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004752317"},"modified":"2025-03-28T06:31:47","modified_gmt":"2025-03-28T14:31:47","slug":"tmt-properties-buys-orlando-office-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tmt-properties-buys-orlando-office-complex\/","title":{"rendered":"TMT Properties Buys Orlando Office Complex"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Celebration-Office-Center-in-Orlando-Fla.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004752320\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/celebration-office-center-in-orlando-fla-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Celebration-Office-Center-in-Orlando-Fla-edited.jpg\" data-orig-size=\"1497,1124\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1719479837&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Celebration Office Center in Orlando, Fla.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Celebration-Office-Center-in-Orlando-Fla-edited.jpg?w=1024\" height=\"769\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Celebration-Office-Center-in-Orlando-Fla-edited.jpg\" alt=\"Aerial shot of Celebration Office Center, a 161,437-square-foot property in Kissimmee, Fla. consisting of two two-story buildings across 12 acres.\" class=\"wp-image-1004752320\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Celebration-Office-Center-in-Orlando-Fla-edited.jpg 1497w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Celebration-Office-Center-in-Orlando-Fla-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Celebration-Office-Center-in-Orlando-Fla-edited.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Celebration-Office-Center-in-Orlando-Fla-edited.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">The 161,437-square-foot Celebration Office Center consists of two two-story buildings across 12 acres. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Florida-based TMT Properties Inc. has bought Celebration Office Center, a 161,437-square-foot office complex in Kissimmee, Fla., from Reva Cos. The property traded for $31.5 million. JLL Capital Markets worked on behalf of the seller and procured the buyer.<\/p>\n\n\n\n<p>Celebration Office Center has been under Reva Cos.\u2019 ownership since 2022, when the company purchased the asset from Bridge Investment Group for $19.6 million. For that transaction, First Carolina Bank originated an $18.2 million acquisition loan on behalf of Reva.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-celebration-office-center\">Celebration Office Center<\/h2>\n\n\n\n<p>Celebration Office Center consists of two two-story buildings across a 12-acre site. The office complex came online in 2000 and 2001 at 1170 and 1180 Celebration Blvd., in the master-planned community of Celebration. The property features ground-level parking with approximately 800 spots, according to CommercialEdge information.<\/p>\n\n\n\n<p>The office complex was 98 percent leased at the time of the sale. The tenant roster features Magic Group Cos. LLC, Access Management and AmeriFactors, the same source shows. <\/p>\n\n\n\n<p>Just off Interstate 4, Celebration Center is some 28 miles southwest of downtown Orlando. Other major thoroughfares in the area include Routes 192 and 417. The 47-square-mile Walt Disney World is within 4 miles of the office complex.<\/p>\n\n\n\n<p>Senior Director Robbie McEwan, Analyst Hunter Smith and Associate Blake Koletic led the JLL Capital Markets Investment Sales and Advisory team representing Reva Cos.<\/p>\n\n\n\n<p>As of February, Orlando&#8217;s full-service equivalent listing rates averaged $28.26 per square foot, which marked a 17 percent increase year-over-year but remained below the national figure of $33.41, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-february-2025\/\">CommercialEdge office report<\/a>. Vacancy rates in the city reached 16.9 percent, down 20 basis points in the past year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The suburban property traded for $31.5 million.<\/p>\n","protected":false},"author":3619,"featured_media":1004752320,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1493,32781],"tags":[44006],"class_list":["post-1004752317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-orlando","category-southeast","tag-jll-capital-markets"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TMT Properties Buys Orlando Office Complex - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"TMT Properties Inc. bought Celebration Office Center, a 161,437-square-foot complex in Kissimmee, Fla., from Reva Cos., for $31.5 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tmt-properties-buys-orlando-office-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TMT Properties Buys Orlando Office Complex\" \/>\n<meta property=\"og:description\" content=\"TMT Properties Inc. bought Celebration Office Center, a 161,437-square-foot complex in Kissimmee, Fla., from Reva Cos., for $31.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tmt-properties-buys-orlando-office-complex\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T20:37:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-28T14:31:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Celebration-Office-Center-in-Orlando-Fla-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1497\" \/>\n\t<meta property=\"og:image:height\" content=\"1124\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tmt-properties-buys-orlando-office-complex\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tmt-properties-buys-orlando-office-complex\/\",\"name\":\"TMT Properties Buys Orlando Office Complex - 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