The conservation organization has leased 10,648 square feet and will relocate 50 employees from its current location in Altamonte Springs to Park Center, a four-story, 102,169-square-foot Class A office building in Maitland Center Office Park. Damien Madsen head of our Orlando office represented the landlord, Park Center SPE LLC, an affiliate of Miami-based Banyan Holdings in the transaction.
Park Center’s Maitland location offered the Nature Conservancy a more central and economical space for its employees. “As a nonprofit organization, it’s important to keep expenses down,” said Cushman & Wakefield Director Anne Spencer who represented the Nature Conservancy.“This move will help Nature Conservancy accomplish that by reducing their rent and creating a more efficient space.”
The relocation decision highlights the fact that Orlando’s office market continues to perform well. Cushman & Wakefield research shows that the overall Orlando-area market saw a heightened level of activity in the second quarter, with “tenants, already in the market and those that are new to the market, kicking tires and gauging space opportunities throughout the area,” said the brokerage firm’s Chris Owen Florida research manager.