Travel + Leisure Co. Chooses Piedmont's 501 W. Church Building in Downtown Orlando for New Headquarters Location
May 15, 2024 at 01:45 am IST
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Piedmont Office Realty Trust, Inc. announced that Travel + Leisure Co has chosen Piedmont?s 501 W. Church building located in downtown Orlando for its new corporate headquarters. Travel + Leisure has signed a new lease for the entirety of the 5-story, approximately 182,000 square foot building through 2040 and will ultimately employ approximately 900 individuals at the property. Piedmont plans to renovate and rebrand the building in anticipation of Travel + Leisure?s 2025 commencement, adding signage and modern amenities including a new fitness center, conference center and café, to create an office experience uniquely tailored for Travel + Leisure?s employees, and adding to the vibrancy and economics of downtown Orlando.
Piedmont Office Realty Trust, Inc. is a fully integrated, self-managed real estate investment trust (REIT). The Company is an owner, manager, developer, redeveloper, and operator of Class A office properties located primarily in major United States Sunbelt markets. The Company conducts business through its wholly owned subsidiary, Piedmont Operating Partnership, L.P. (Piedmont OP). It owns and operates about 51 in-service office properties comprised of approximately 17 million square feet of primarily Class A office space which are 87.1% leased. It has one redevelopment asset comprising about 127,000 square feet in Orlando, Florida. The Companyâs portfolio of properties is primarily located in various metropolitan areas, including Atlanta, Dallas, Northern Virginia/Washington, D.C., Boston, Orlando, Minneapolis, and New York, and others.