New Jersey-based Denholtz Associates has acquired 100 East Pine Street, in downtown Orlando, Florida. The 86,527 square-foot, six-story office building also has 4,800 sq ft of retail space along with 10,800 square feet of basement space. The company plans to completely renovate the lobby, mechanical systems and exterior features of the building. Terms of the deal were not disclosed.
āWe believe that our acquisition of 100 East Pine provides a tremendous upside opportunity to increase its value through significant lease-up and capital enhancements in an improving, expansionary downtown Orlando office market,ā said JP Josephson, Director of Florida Acquisitions for Denholtz Associates.
