Travel + Leisure Chooses Piedmont's 501 W. Church Building in Downtown Orlando for New Headquarters Location

Core Insights - Piedmont Office Realty Trust has secured a significant lease agreement with Travel + Leisure Co for its new corporate headquarters in downtown Orlando, marking the largest lease in the area since 2019 [1][2] Company Overview - Piedmont Office Realty Trust, Inc. is a real estate investment trust (REIT) focused on owning, managing, and developing Class A office properties, primarily in the Sunbelt region, with a portfolio valued at approximately $5 billion and encompassing around 16 million square feet [3] - The company is recognized for its commitment to sustainability, being named a 2024 ENERGY STAR Partner of the Year – Sustained Excellence [3] Lease Agreement Details - Travel + Leisure has signed a lease for the entire 5-story building at 501 W. Church, which spans approximately 182,000 square feet, and plans to employ around 900 individuals at this location [1] - The lease extends through 2040, and Piedmont intends to renovate and rebrand the building to enhance the office experience for Travel + Leisure employees, including modern amenities such as a fitness center and conference center [1] Economic Impact - The collaboration between Piedmont and local authorities, including Mayor Dyer's administration and the Orlando Economic Partnership, has been pivotal in attracting this major lease, contributing to the economic vibrancy of downtown Orlando [2]