
Denholtz Properties Continues Southeast Expansion with $17.75 Million Acquisition of Office Property in Celebration, Fla.
20 December 2021
Denholtz Properties Expands Orlando Footprint with Acquisition of Celebration Business Center
Denholtz Properties has acquired Celebration Business Center, a premier two-building office property in Celebration, Florida, for $17.75 million. Comprising 106,068 square feet, the Celebration Business Center is located at 1120 and 1130 Celebration Blvd. and benefits from a flexible design that appeals to a variety of office, medical, and creative tenants, including The Walt Disney World Company as a key anchor tenant.
Positioned in Celebration—a master-planned, live-work-play community developed by The Walt Disney World Company—the Celebration Business Center combines strong local demographics with optimal access to Interstate 4. This location situates the property within Orlando’s Tourist Corridor, close to major employers like ADP, Blue Origin, KPMG, NBC Golf, Siemens, and SpaceX. Additional connectivity through regional highways and the soon-to-be completed Brightline high-speed rail to Orlando International Airport further enhances the property’s accessibility to Tampa and Miami.
“The future is incredibly bright for the Orlando market,” stated Stephen Cassidy, President of Denholtz Properties. “With Celebration Business Center, we have a unique opportunity to strengthen our presence in one of the nation’s most dynamic real estate markets. We look forward to applying our expertise in multitenant investments to elevate this property as Orlando’s premier office destination while delivering excellent risk-adjusted returns to our investors.”
This acquisition adds to Denholtz’s portfolio of over 825,000 square feet of flex/industrial and office properties in the Orlando market, supplementing the company’s 600,000 square feet in the Tampa/St. Petersburg area. Denholtz is actively growing its footprint across the Southeast with recent investments, including Interstate Commerce Park, a 128,570-square-foot industrial asset in Greensboro, NC, and Vida Apartments, a 289-unit multifamily community in Kannapolis, NC.
JP Josephson, Director of Acquisitions at Denholtz Properties, commented, “The Southeast’s quality of life and affordability set it up for long-term growth, and we’re excited to leverage these regional strengths to expand our portfolio with strategic investments like Celebration Business Center.”