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Duke-Weeks Breaking Ground in February on Second Office Asset at Disney Town

ORLANDO-Celebration II will be a twin to the four-story, 80,334-sf Celebration I, currently 75% leased at average full-service rents of $21 per sf. Celebration is a four-year-old new-town-styled community developed by Walt Disney World.

By Alex Finkelstein | Updated on January 05, 2001

ORLANDO-Duke-Weeks Realty Corp. continues to grow its commercial portfolio in Central Florida with plans to break ground in February on a second office building in Celebration, FL, the new-town-styled community of 20,000 permanent residents Walt Disney World built four years ago at an investment cost of $2.5 billion.

The Indiana developer’s Celebration II will mirror Celebration I, a four-story, 80,344-sf property currently 75% leased at average full-service rents of $21 per sf. The site is 25 miles south of Downtown Orlando and five miles from Disney’s front door at Lake Buena Vista, FL. Tenants in Celebration I are Walt Disney Co., taking 41,083 sf and youknowbest.com, leasing 20,932 sf on an estimated five-year lease.

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