Baldwin Park Boutique Office Properties Trade

JLL Capital Markets has completed the sale of Baldwin Park I and II, two jewel box, boutique office assets in the Baldwin Park master planned community in Orlando.

JLL represented the seller, Galium Capital, and procured the buyer, Duvalla Investments.

Baldwin Park I and II are located at 4750 and 4776 New Broad St. within Baldwin Park, a true live-work-play community about five miles from Downtown Orlando. Baldwin Park is home to more than 13,000 residents, abundant retail and dining options, residences ranging from apartments to million-dollar executive homes, numerous parks and miles of trails and a town center that offers office space, a grocery store, pharmacy, cleaners, bank and fitness center.

Baldwin Park is less than 10 miles from Orlando International Airport and is close to Advent Health Campus, one of the largest employers in Orlando. Additionally, the area boasts convenient access to Interstate 4, Florida State Routes 50 and 438 and Route 17, providing access throughout the greater Orlando area.

Completed in 2003, Baldwin Park I and II are both two-story, boutique office assets offering 30,606 square feet and 34,204 square feet, respectively. Overall, the properties are 97.3% leased to tenants, including anchor tenant Rogers, Lovelock & Fritz, Inc., Baldwin Title, CenterWell Health Services and more.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Ike Ojala, Senior Directors Robbie McEwan and Matthew McCormack, Senior Managing Director Hermen Rodriguez, Associate Blake Koletic and Analyst Hunter Smith.

“We are excited to add the Baldwin office assets to our growing portfolio. It matches our investment criteria of acquiring high-quality real estate that is walkable to retail, housing and other service amenities. Baldwin is a true live-work-play environment,” said Michael Weinberg, Partner/Principal of Duvalla Investments.

“We continue to see strong demand for quality, strategically located office assets in Central Florida,” said McEwan.

“The desirability of the buildings and the limited inventory of office space within the Baldwin Park community have always allowed them to perform well,” added Ojala.