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Disney Buys Big in Celebration: New $19.4M Office Building Deal Makes It Official
According to reporting by the Orlando Business Journal, Walt Disney World is putting down even deeper roots in Celebration, Florida — and this time, it’s not a theme park or resort hotel making headlines. Disney just snapped up a massive 106,196-square-foot office building for a cool $19.4 million, officially transitioning from tenant to owner of a property it had already been leasing.
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The building, located at 1390 Celebration Blvd. in the South Village area, has been home to Disney’s vacation club and real estate divisions in recent years. Now, with the keys in hand and the ink dry, Disney owns the space outright in what’s being described as a smooth, “arm’s-length transaction” — basically the real estate world’s version of an amicable handshake.
Built in 2009, the property was purchased from Celebration Advance LLC, a Boca Raton-based entity connected to Rafael Weiss and the Jeffrey J. Weiss Living Trust. It’s not Disney’s first real estate rodeo in Celebration, either. Back in 2014, the company bought a 39% stake in a nearby nine-story office tower, and in 2018, they acquired a 100,000-square-foot office building off International Drive.
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While Disney has kept quiet about its long-term plans for the newly acquired space, the building continues to be in good hands — now under the management of Lincoln Property Co., who’ve been praised for making the transition seamless.
So, why does this matter? Beyond the hefty price tag and the square footage, it’s another sign that Disney is doubling down on Central Florida as its hub for operations and growth. With Walt Disney World already ranking as the fourth-largest employer in Osceola County (just behind Walmart and AdventHealth), this move only further cements its footprint in the region.
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