CBRE ARRANGES LEASE FOR PULTEGROUP’S NORTH FLORIDA DIVISION IN ORLANDO
One of the largest lease transactions in the Millenia submarket
in five years
Orlando, FL – July 17, 2013 – PulteGroup’s North Florida Division has signed a lease on 23,000 square feet of office space at Millenia Park, located at 4901 Vineland Road in Orlando. The lease will allow the division to move from its current location at 2301 Lucien Way in Maitland to their new office in August 2013. This new lease is one of the largest lease transactions in the Millenia submarket in the last five years.
“This new lease marks a significant milestone for Pulte in Orlando,” said Chris Sproles, Senior Vice President, CBRE’s Global Corporate Services. ”Pulte moved from Millenia Park to Maitland in 2010 as a result of a pre-existing lease. This move to Millenia Park allows them to return home to a well-positioned building, improves their office space efficiency, allows them to better serve their clients and continue to pursue their growth strategy in Orlando.”
In its return to the Southwest Orlando submarket, Pulte will re-establish its I-4 signage and provide a centrally located hub for its Central Florida operations. The new space will accommodate approximately 100 employees.
Built in 2000, Millenia Park I is a 6-story office building in a planned suburban office complex in southwest Orlando. The building is located just west of Interstate 4 and south of Conroy Road with convenient access to the Millenia Mall, numerous restaurants and high-end retail. Amenities include a newly renovated interior with flexible and efficient floor plans, four parking spaces per 1,000 square feet, covered parking and a walkway.
Chris Sproles, Senior Vice President, and Jamie Dingeman, First Vice President, both with CBRE’s Global Corporate Services represented Pulte Home Corporation. The landlord, Parkway, was represented by Morrison Commercial.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.