JLL Capital Markets represented Denholtz Properties in the financing of the 7-building University Corporate Center in Winter Park, Florida
News release
23 January 2025
$15.5M refinancing secured for Orlando-area office park
Capital flows
Debt advisory
Office
Financial services
MORRISTOWN, N.J., Jan. 23, 2025 – JLL Capital Markets announced today that it has arranged a $15.5 million refinancing for University Corporate Center, a seven-building flex/office campus totaling 128,012 square feet in Winter Park, Florida.
JLL worked on behalf of the borrower, Denholtz Properties, to secure the seven-year loan through Securian Asset Management, Inc.
University Corporate Center consists of seven single-story flex buildings that are 92% leased to 28 diverse tenants. The property offers flexible layouts, roll-up doors, and excellent regional connectivity, making it a desirable location for a wide variety of tenants seeking convenience and adaptability. The 12.28-acre site offers parking for 521 vehicles.
The properties are located at 6969-7129 University Blvd. in the 436 Corridor submarket within Greater Orlando. This submarket is the premier flex/office market in the area with limited new supply on the horizon and rents forecasted to continue to increase. University Corporate Center is just six miles east of downtown Orlando and is close to both the University of Central Florida and the Central Florida Research Park. Additionally, the property is easily accessible to Interstate 4, Routes 441 and 50 and Highway 417, which provide regional access as well as connectivity to the Orlando International Airport.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Directors Jon Mikula and Michael Klein and Associate Alex Riva.
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’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 group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. 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 regional headquarters in Orlando, Fla., Denholtz Properties specializes in the acquisition and development of ground-up multifamily and industrial/flex properties. The company boasts a platform consisting of over 100 full-time employees.