Office

ORLANDO, FLA. — Piedmont Office Realty Trust Inc. has signed Travel + Leisure Co., a timeshare hospitality giant, to a lease at 501 W. Church in downtown Orlando. The publicly traded tenant will occupy the entirety of the five-story, 182,000-square-foot building and utilize the space for its new corporate headquarters through at least 2040. Alex Valente and Ben Mullenix represented Piedmont Office internally in the lease transaction along with Michael Phipps and Colin Morrison of CBRE. Greg Katz and Jason Warren of Stream Realty Partners, along with Mike Hopper of Newmark, represented the tenant. According to Valente, the Travel + Leisure lease represents the largest lease in downtown Orlando since 2019. Piedmont Office plans to renovate and rebrand the building ahead of the tenant’s occupancy in 2025. Preparations will include adding signage and modern amenities — including a new fitness center, conference center and café — to create a experience tailored for Travel + Leisure’s 900 expected employees.

MIAMI — CP Group and DRA Advisors have executed nearly 40,000 square feet of office lease transactions at Miami Tower, a 47-story, Class A office tower located at 100 S.E. 2nd St. in downtown Miami. The executed deals include two lease renewals (H&R Block and Transwestern), one expansion (law firm Assouline & Berlowe) and seven new leases, all of which were for Miami Tower’s newly completed spec suites. The seven new tenants include Two Chairs, a behavioral healthcare company; GTS Group, a financial services company with locations in New York and Chicago; Shubin Law Group, a law firm specializing in land use and zoning entitlement litigation; Weisberg Kainen Mark PL, a tax law and criminal defense law firm; Latin Securities, an investment advisory firm; NormanMax Insurance Group, a reinsurance group; and Mamone & Villalon, a litigation and business law firm.