Stiles Inks 49,000 SF Of Deals At Baldwin Park Office Complex

Jan 16, 2013 No Comments by

Stiles Realty recently announced the leasing of 49,000 square feet of office space to several fast-growing Central Florida firms at the Class A Baldwin Park Office Complex in Orlando.

This brings the property to approximately 93 percent leased with six new local and national tenants. Baldwin Park I and II is strategically located in the upscale community of Baldwin Park at 4750 and 4776 New Broad Street, respectively, just three miles from Downtown Orlando.

The Baldwin Park Office Complex experienced a surge in leasing activity in 2012, sparked by a 28,000-square-foot relocation of architecture, engineering and planning firm Rogers Lovelock and Fritz in 2012. This lease, as well as a nearly 3,000-square foot lease with international skincare firm Dermalogica, brought the first building to 100 percent leased. Baldwin Park II is 86 percent leased with 7,070 square feet leased to Gallagher Bassett Services, the largest property and casualty third-party administrator in the United States, as well as 4,790 square feet leased to Allied Specialty Vehicles, a privately held company with approximately $1 billion in revenues.

Stiles Director of Leasing Jill Gull represented the landlord, American General Life and Accident Insurance Company, in the recent transactions.

“While the Orlando office market continues to experience some positive absorption, Baldwin Park is outperforming the overall market due to its wide range of amenities that are geared toward retaining talent and growing business,” said Gull. “These buildings offer an upscale professional environment, a walk-to-everything location in the popular Baldwin Park Village Center and competitive market rates.”

Stiles is responsible for the leasing and property management for the Baldwin Park Office Complex, which totals 64,695 square feet. Other new tenants include online home furnishings and design company Altogether Home and real estate and property management firm Phoenix Realty Services.

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