Piedmont Office Realty Trust Leases 182,000 SF Orlando Office To Travel & Leisure

The property at 501 Church Street in Orlando is an office building spanning 182,000 square feet. The lease transaction involves the landlord, Alex Valente & Ben Mullenix of Piedmont Office Realty Trust, and the tenant, Travel + Leisure.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Landlord: Alex Valente & Ben Mullenix - Piedmont Office Realty Trust
• Tenant: Travel + Leisure
• Landlord's Rep: Colin Morrison, Michael Phipps - CBRE; Greg Katz & Jason Warren - Stream Realty Partners
• Tenant's Rep: Mike Hopper - Newmark

Piedmont Office Realty Trust secured the lease with Travel + Leisure at 501 Church Street in Orlando, marking a significant transaction as the largest downtown office lease since 2019. The City approved over $6 million in incentives for the relocation, and Travel + Leisure is set to employ over 900 individuals at the site beginning in 2025.