(ORLANDO, FL) – Parkway, the privately owned, fully diversified real estate investment, operations, and management firm, is pleased to announce that Baldwin Point in Orlando is now fully leased. The recent signing of a 7,863 square foot lease with Hancock Askew & Co., a distinguished accounting and consulting firm, has brought the building’s occupancy rate to 100%. This milestone underscores Parkway's successful strategy in revitalizing properties and attracting top-tier tenants.
Baldwin Point, a four-story, 165,000 square foot Class-A office building, is situated in Baldwin Park, Orlando’s premier masterplanned community, located less than three miles from downtown Winter Park and five miles east of downtown Orlando. The property features pristine views of Lake Baldwin and is surrounded by numerous parks and miles of protected trails, including the 2.5-mile Lake Baldwin Trail located just steps from the building. Tenants enjoy convenient access to Baldwin Town Center’s vibrant mix of dining, shopping, and residential areas, with top-rated schools nearby. Since acquiring the property in September 2022, Parkway has introduced significant enhancements, including a lobby renovation, upgraded café offerings, and the addition of a new fitness amenity space. These improvements have transformed the property into a modern, community-focused office environment with a compelling narrative of integration and convenience. Notable tenants include Travelers Insurance, Landsea Homes, and BRPH.
"Today's companies are gravitating towards high-quality buildings that provide a premium work environment, which is crucial for attracting and retaining talent. This includes being in the right neighborhood and offering aesthetic enhancements along with amenities that create a daily experience surpassing what employees have at home," said Phil Marchese, Senior Managing Director, Parkway. "Our success at Baldwin Point exemplifies the growing trend of businesses opting for quality when choosing their office locations. Our experienced operations team is setting the standard in commercial real estate by providing seamless solutions—from design and construction to programming—throughout the tenure of our tenants. Despite the challenges facing the office industry, I genuinely believe this is one of the most thrilling times in our field. We've found the winning formula, and it's reflected in the performance of our portfolio across the country.”
Parkway's success in Florida is further exemplified by the transformation of 1111 Brickell in Miami. Acquired in 2018, the building underwent a significant renovation that redefined the office experience. Parkway’s focus on hospitality-like amenities—including new food and beverage concepts and multiple fitness offerings—has significantly increased the building’s appeal, pushing occupancy rates from 74% in March 2020 to 98% last year.
Jay Dixon and Colin Morrison with CBRE represented the Parkway in the Hancock Askew & Co. lease transaction at Baldwin Point. For more information about Parkway and its properties, please visit www.pky.com.
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ABOUT PARKWAY
Parkway was formed when Orlando-based Parkway Property Investments and Houston-based Midway, two nationally recognized commercial real estate firms with over 100 years of collective experience, partnered to create a privately owned, fully diversified real estate investment, operations, and management firm.
Headquartered in Houston, Parkway has a presence in 13 markets across Texas, Florida, Georgia, Virginia, Arizona, Colorado, and California.With a combined 30 million square feet of assets under management, including developments in progress, the firm’s specialized capabilities include Investments and Acquisitions, Property Operations and Management, Financial Operations and Compliance, Strategic Leasing and Advisory (Retail and Office), Asset and Portfolio Management, Marketing and Creative, and Development. For more information, visit www.pky.com.
