Piedmont Office Realty Trust has signed what it says is the largest lease in Downtown Orlando since 2019: a full building lease at its 182,000 square foot, five-story building at 501 W. Church. Travel + Leisure will occupy the downtown building through 2040 for its corporate headquarters.

Piedmont plans to renovate and rebrand the building in anticipation of Travel + Leisure's 2025 commencement, adding signage and new amenities including a fitness center, conference center and café.

Piedmont was represented internally by Alex Valente and Ben Mullenix and advised externally by Michael Phipps & Colin Morrison of CBRE.  Travel + Leisure was advised by Greg Katz and Jason Warren of Stream Realty Partners and Mike Hopper of Newmark.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.