Charles Schwab & Co. has acquired an Orlando corporate office park to accommodate ongoing growth in the region.
The Dallas-based financial services giant announced Friday it has purchased the Maitland Summit Park campus, where it currently occupies about 30% of the office space. The deal includes four office buildings, two garage structures and surface parking, as well as the property’s landscaping and water features.
The Orlando Business Journal, citing deeds, reported Schwab paid $122 million for the property in two sales that closed Wednesday. The company didn't disclose financial terms.
The acquisition addresses the need for additional space as Schwab continues its growth in the region, the firm said. Schwab currently employs over 1,600 people in Orlando.
Schwab employees in Orlando support businesses and functions from across the company, including Advisor Services, Investor Services, Wealth Management and Operations. The company said it planned to add training rooms, presentation suites and other amenities.
