215 Celebration Place, Orlando, FL
Celebration Center is a 125,974 square-foot Class A office building located on Celebration Place in Celebration, Florida. This property was developed in 2001 as part of the commercial plan for the Walt Disney-inspired community of Celebration. Celebration Center sits on 9.5 acres of land, and the property is conveniently located on the main entrance road to the community. With 567 surface parking spaces in place, the building has a parking ratio of 4.5 spaces per 1,000 square feet of rentable area. This provides ample parking for current and future tenants. The building was 74.25% occupied at acquisition on Feb. 20, 2014. New tenant Immersyve took a 4,279 square-foot space in June 2014 increasing occupancy to 78%. Professional Marketing Solutions signed a lease for 1,515 square feet in August 2014 bringing occupancy to 79%. Current tenants include Hunt Engineering Services, The Celebration Company/The Walt Disney Company, and Osceola County Board of Tourism among others. The Orlando/Celebration sub-market has been growing over the last few years. Target tenants include high tech companies.