Denholtz Associates Inks Lease Renewal with Debt Consolidation Company at Downtown Orlando Office Building

9/21/17

Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has announced that Progressive Debt Relief, LLC., Inc. has signed a lease renewal for 12,570 square feet of office space at 100 East Pine Street in Orlando, Fla.

Progressive Debt Relief is a leading debt consolidation company with over a decade of experience working with clients throughout Florida. Progressive Debt Relief focuses on a client-centric approach to debt consolidation with a strong commitment to customer service and transparency. Their lease renewal at 100 East Pine Street will ensure they can continue to deliver tailor-made debt solutions to their clients from a centrally-located office in one of Florida’s fastest growing cities.

100 East Pine Street is an 83,000-square-foot, six-story office building in the heart of downtown Orlando. Since acquiring the building last year, Denholtz Associates has embarked on significant renovations to the property including a completely renovated lobby, and modern upgrades to the building’s common corridors and mechanical systems, which were just completed at the end of October 2016. Improvements to exterior and interior features including a new office awning, painting of the exterior of the building, lighting of the building crown and new elevators are underway and slated for completion later in 2017.

“Retaining high-quality and established clients such as Progressive Debt Relief, has been a focus of our strategy for this property since we acquired it last year,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “Although maintaining high occupancy at office buildings has been a well-documented struggle across the real estate industry in recent years, we have been able to find and retain tenants for office spaces throughout our portfolio. Our focus on creating exciting and modern office spaces and our commitment to delivering a superior tenant experience has allowed us to successfully execute our multi-tenant strategy in both New Jersey and Florida.”

Micah Strader of CBRE, Inc. represented Denholtz Associates and Jeff Patterson of Foundry Commercial represented the tenant in this transaction.

To stay connected with Denholtz Associates and for updates on the latest transactions and news follow Denholtz on Facebook (www.facebook.com/ DenholtzAssociates), Twitter (@DenholtzRE), and LinkedIn (www.linkedin.com/company/ Denholtz-Associates).

About Denholtz Associates

Denholtz Associates is a privately-held, fully integrated real estate development, investment and management company with more than 60 years of commercial real estate experience. Denholtz Associates actively targets multi-tenant office and industrial properties in select markets to diversify risk and provide maximum returns for its capital partners. Specializing in adaptive reuse and utilizing its substantial in-house operational capabilities and extensive knowledge of targeted locations, Denholtz capitalizes on unique opportunities in the marketplace. Additional information for Denholtz Associates is available online at www.denholtzassociates.com.

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