JLL Capital Markets led financing efforts for University Corporate Center in Winter Park, Florida
News release
06 June 2022
$15.6M financing arranged for 7-buiding office property in Orlando area
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ORLANDO, June 6, 2022 – JLL Capital Markets announced today that it has arranged $15.6 million in financing for University Corporate Center, a seven-building office and flex campus totaling 128,012 square feet in Winter Park, Florida.
Working on behalf of the borrower, Denholtz Properties, JLL placed the seven-year financing with BankUnited, N.A.
University Corporate Center is a multi-tenant complex that is 98% leased to 28 tenants across multiple suites. The properties are situated on a 12.28-acre site, which features 521 surface parking spaces.
Located at 6969-7129 University Blvd., University Corporate Center is approximately six miles east of downtown Orlando close to the University of Central Florida and the Central Florida Research Park. The property is convenient to Interstate 4 providing access throughout the greater Orlando area and is just 10 miles from the Orlando International Airport.
JLL’s Debt Advisory team representing the borrower was led by Senior Managing Directors Michael Klein and Jon Mikula, Senior Director Maxx Carney and Associate Ryan Carroll.
“Denholtz Properties’ scale and experience within the Florida market was clearly demonstrated through their successful business plan execution at University Corporate Center,” Carney said. “Their track record of success in the Florida market coupled with their exceptional reputation resulted in a competitive financing process.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Denholtz Properties
Denholtz Properties is a privately held, vertically integrated commercial real estate investment and development company with a diversified portfolio of assets in strategic markets. Based in Red Bank, N.J. with a regional headquarters in Orlando, Fla., Denholtz Properties specializes in the acquisition and development of ground-up multifamily, industrial/flex and office properties. Driven by an entrepreneurial spirit and a commitment to excellence, Denholtz Properties has continuously provided outsized investment returns over its 70-year history. Additional information for Denholtz Properties is available online at denholtz.com.