Denholtz Associates Nears Completion of $1.5M Renovation Project at Its Office Building in Downtown Orlando, Fla.9.29.2016
Orlando, Fla. (September 29, 2016) – Denholtz Associates announces renovations and upgrades at its 83,000-square-foot, six-story office building located at 100 East Pine Street, in Downtown Orlando, Florida are nearing completion. Denholtz Associates recently acquired the property in February 2016 and at that time announced plans to conduct $1.5M of capital improvement to the site.
Over the past several months, Denholtz Associates has embarked on significant renovations to the property including a new modern lobby and upgrades to the building’s common corridors and mechanical systems, which are all set for completion at the end of October. Plans are also underway for improvements to exterior features including a new office canopy, retail awnings, upgraded lighting, and a patio which are slated to be completed by the end of the year. New elevators are also being installed and are set for completion in early 2017.
100 East Pine Street boasts retail frontage on both Pine Street and Magnolia Street. The neighborhood provides substantial pedestrian foot-traffic from the many surrounding residential communities making the space very attractive to potential retailers. The property is located just blocks from the Dr. Phillips Center for the Performing Arts, which recently completed a $500 million renovation and is only steps from Orange Ave and Church Street in downtown Orlando. Interstate 4 and the East-West Expressway are located only a quarter mile away from the property, which affords it easy access from anywhere in Orlando.
“Adding value is at the core of our investment strategy and we believe that the renovations and improvements that we have undertaken at the building creates a Class-A boutique office in Orlando’s booming downtown office market,” said JP Josephson, Director of Florida Acquisitions for Denholtz Associates. “In order to meet tenant demand we redesigned the floorplates to create more efficiencies and have created move-in ready prebuilt suites to accommodate tenants that need immediate occupancy and seek a spot amid downtown Orlando’s flourishing business, nightlife and social scene.”
Current office availabilities span from as small as 500-square-feet to a full floor user of 14,000 square feet and is particularly ideal for high-tech, financial, and creative users who are seeking a more artistic, casual environment without sacrificing amenities and location.
In addition to the building’s traditional office space availabilities, there is approximately 11,000 square feet of flex-office or retail space on the ground floor. The space can be designed to include 11,000 square feet of basement space making it ideal for use as studio space for art, music, or exercise and fitness. The flexibility of combining the ground floor and the basement creates a unique retail experience that can be customized for a variety of users looking to gain access to downtown Orlando’s growing retail customer base.
Questions regarding available leasing opportunities at 100 East Pine Street should be directed to Micah Strader (407-404-5021) and Bobby Palta (407-279-0050) of CBRE’s Orlando office.