
Denholtz Properties Leverages Acquisition to Expand Downtown Orlando Office Portfolio
23 March 2022
Denholtz Properties announces the acquisition of a seven-story, 106,966-square-foot office building at 618 East South Street in Orlando, Fla. This acquisition complements the firm’s existing property, 100 East Pine Street, creating the Denholtz Downtown Orlando Office Portfolio with a combined 186,976 square feet. Together, these properties are integral to Denholtz Properties’ expanding presence in Orlando’s thriving commercial real estate market, where the company now owns just under one million square feet of office and flex/industrial space.
“The ongoing flight to quality and Orlando’s robust commercial real estate fundamentals reinforce our confidence in this market’s growth potential,” said Stephen Cassidy, President of Denholtz Properties. “The Downtown Orlando Office Portfolio offers investors unique access to this dynamic market with substantial opportunities for value creation.”
Constructed in 2011, 618 East South Street is one of Orlando’s premier LEED Certified office buildings, offering state-of-the-art amenities, sustainable design, and convenient access to SR 408 and downtown Orlando’s vibrant Thornton Park neighborhood. The property, which is 100 percent leased, serves as the southeastern headquarters for GAI Consultants, alongside tenants in financial and healthcare services.
At 100 East Pine Street, Denholtz Properties invested in a $6-million renovation in 2019 to enhance the property, including a modernized lobby, updated elevators, and advanced HVAC and access control systems. This strategic investment has helped bring the property to 90 percent occupancy, attracting a diverse mix of tenants.
Beyond Orlando, Denholtz Properties has a substantial presence in Tampa/St. Petersburg and a new $1 billion joint venture targeting multitenant industrial properties in high-growth infill markets. Cassidy added, “The Southeast’s superior quality of life, favorable business environment, and consistent population growth bolster our confidence in the region’s long-term potential. We look forward to pursuing further strategic acquisitions in office and flex/industrial sectors, leveraging our proven operating platform to drive results for our investors.”