Demetree Global Expands with New Office Acquisition
Demetree Global is excited to announce the recent acquisition of a substantial 44,478-square-foot office building situated at 4798 New Broad Street, right in the thriving Baldwin Park neighborhood. This landmark property, purchased for $11.3 million from Owens Realty Services, marks an important milestone as it becomes the first fully owned building by Demetree Global in Baldwin Park.
Baldwin Park: A Community of Growth
Baldwin Park is widely recognized for its walkable design, vibrant retail spaces, and dynamic office community. Geographically positioned close to Winter Park and downtown Orlando, the location is ideal and offers numerous opportunities for business growth. This acquisition highlights Demetree Global's commitment to investing in premier assets within Central Florida, a region known for its economic potential and lively culture.
Leadership Insight
According to Mary Demetree, Chairwoman of the Board, "The extraordinary can be found in the ordinary, close to home." This sentiment underscores the company's belief in the value found within local communities.
Seth Heller, Managing Director of Demetree Global, shared his insights, stating, "Recognized as one of Orlando's premier thoughtfully planned communities, Baldwin Park features infrastructure and a road network that accommodate a diverse array of residents. Demetree is honored to play a role in shaping its continued growth. This office enhances our presence in the region and aligns with our commitment to value creation through real estate investments."
Notable Tenants and Opportunities
The newly acquired Baldwin Park office building boasts a strong tenant mix, ensuring high occupancy rates. Noteworthy tenants include Planet Fitness, occupying 8,125 square feet, and Stantec Consulting, which occupies an impressive 11,552 square feet. The combination of stable tenancy and desirable location made this property an attractive addition to Demetree Global's expanding portfolio in Central Florida.
Strategic Future Plans
This acquisition is part of Demetree Global's broader strategy of focusing on high-growth markets. The company aims to secure assets that not only exhibit solid fundamentals but also deliver long-term benefits to the community. As Demetree Global broadens its reach throughout Central Florida, the emphasis remains on acquiring properties that meet its investment vision—prioritizing quality, stability, and community enhancement.
Corey Dean, Director of Development & Acquisitions, emphasized, "This acquisition underscores Demetree Global's commitment to investing in high-quality, well-located assets that serve as catalysts for long-term growth. This property presented a unique opportunity owing to its prime location, robust tenant mix, and the overall vitality of Baldwin Park. We recognize the stability and potential growth in this asset, aligning with our investment strategy perfectly."
Company Information
For more information about Demetree Global and its real estate endeavors, individuals can reach out to the marketing and communications team.
Press Contact: Jessica Santoli
Marketing and Communications Director
Demetree Global
Direct: (407) 422-8191
Frequently Asked Questions
What is the size of the newly acquired office building by Demetree Global?
The newly acquired office building spans 44,478 square feet.
Where is the Baldwin Park office building located?
The building is located at 4798 New Broad Street in Baldwin Park.
Who was the previous owner of the property?
The property was purchased from Owens Realty Services.
What significance does this acquisition hold for Demetree Global?
This acquisition marks Demetree Global's first fully owned building in Baldwin Park, enhancing its presence in Central Florida.
Who are the major tenants of the Baldwin Park office building?
Significant tenants include Planet Fitness and Stantec Consulting.
