Winter Park-based SESCO Lighting, one of the nation's largest lighting manufacturer representatives, paid $3.5 million on Dec. 9 for the former Maitland office of one of Orlando's leading architecture firms, with plans to relocate next year in an expansion move, the company's chairman told GrowthSpotter.
Located at 222 W. Maitland Blvd., the 16,045-square-foot building was built in 1983 and renovated in 2005 by the principals of former owner and longtime occupant Helman Hurley Charvat Peacock/Architects (HHCP).
The building was put up for sale or lease in early 2012, when HHCP principals purchased and moved to the firm's current home in Downtown Orlando, the 16,874-square-foot former Autrey Arcade building at 120 N. Orange Ave.
SESCO currently owns its headquarters building of about 11,360 square feet at 1133 West Morse Blvd., in Winter Park. The company listed it for sale with Cushman & Wakefield in May, which is marketing the site for potential redevelopment, touting a location within walking distance to Winter Park Village, Trader Joes and the new Lakeside Crossings.
The new office in Maitland will offer 4,000 square feet more than SESCO's current building, allowing the company to potentially grow its local base of 68 employees, said Marshall Graham, board chairman.
"We're going to do some cosmetic renovation there, painting and new carpet. We're not pressed to move, so this will be a 60- to 120-day process," he said.
SESCO represents lighting manufacturers as their contracted sales force, and works closely with architects, landscape architects, civil engineers and developers to specify lighting product needs for new construction. The company has 13 branches across the Southeast United States.
SESCO's buyer affiliate sourced a $2.975 million loan from Seacoast National Bank.
Four of HHCP's partners -- Alan Helman, William Charvat, Thomas Peacock and Charles Braun -- owned the Maitland building through affiliate Penta Properties LLC.