Celebration Business Center lands $13.2M financing
JLL Capital Markets led financing efforts of the two-building, value-add office property in Celebration, Florida
ORLANDO, Jan. 12, 2022 – JLL Capital Markets announced today that it has arranged $13.2 million in financing for Celebration Business Center, a two-building office property totaling 106,068 square feet in Celebration, Florida.
Working on behalf of Denholtz Properties, JLL placed the seven-year, fixed-rate acquisition loan through National Life Group. JLL was also involved of the sale of the property to Denholtz Properties.
Celebration Business Center comprises two single-story buildings that offer unique, flexible floorplates for office, medical office and creative office tenants. Completed in 1997, Celebration Business Center is 82% leased to a mix of local and national tenants and is anchored by Walt Disney World.
The properties are positioned on 9.12 acres at 1120 and 1130 Celebration Blvd. in the Tourist Corridor submarket of Orlando. The master-planned community of Celebration was developed in the 1990’s and is one of the most successful in the state, boasting a live-work-play community with top-rated schools, golf courses, walking trails, community centers and numerous retail shops, cafes and restaurants. In addition, the property is close to two heavily trafficked interstates, The Greenway and Interstate 4, providing regional access throughout the Orlando MSA and beyond.
The JLL Capital Markets team representing the borrower consisted of Director Maxx Carney and Senior Managing Directors Michael Klein and Jon Mikula.
“We’re pleased to have advised Denholtz Properties on the acquisition financing for Celebration Business Center as the firm continues to expand its’ already substantial presence within the state of Florida,” Carney said. “The firms’ acumen in acquiring strategically located office assets such as Celebration Business Center is reflected in the significant interest we were able to generate in debt capital markets on their behalf.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Denholtz Properties
Denholtz Properties is a leading privately held, fully integrated commercial real estate development and investment company driven by its legacy of innovation. For more information, please visit: denholtz.com.