Two New Tenants Sign Leases at Bent Oak Industrial Park

Vital Record Control of Florida and Rhino Tire USA became the newest tenants at Bent Oak Industrial Park when they recently signed leases for 60,771 and 144,556 square feet, respectively.  Vital Record Control will be in Building 300, and Rhino Tire will be joining Lasco Fittings and Toyota Motor Sales in Building 100.  The CFI Team of Cite Partners represented the Landlord, McCraney Property Company.

Since being awarded the Bent Oak leasing assignment, Cite Partners has leased over 1.2 million square feet of industrial warehouse space at the park, which is currently 70.5% occupied.

Cite Partners Inks Deal with Ever-Green Express Service at Bent Oak

Ever-Green Express Service became the seventh tenant at Bent Oak Industrial Park when they recently signed a lease for 18,676 square feet in Building 400.  The CFI Team of Cite Partners represented the Landlord, McCraney Property Company, and Derek Riggleman of Lee & Associates represented the Tenant.

Since being awarded the Bent Oak leasing assignment, Cite Partners has leased almost one million square feet of industrial warehouse space at the park.

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Bent Oak Industrial Park, Building 400

John Krzyminski Joins Cite Partners

John KJohn Krzyminski recently joined Cite Partners to lead their new Retail Investment Sales team, which will focus on single- and multi-tenant retail investment properties in Central Florida.  Prior to joining Cite Partners, John was a retail specialist with Marcus & Millichap focusing on single-tenant net-leased assets.  He is a graduate of IONA College of New Rochelle, NY as well as Chicago-Kent College of Law.

Cite Partners and Habitat for Humanity Team Up to Build a House

Employees of Cite Partners recently worked with Habitat for Humanity to build a house in Seminole County, FL.  Some of the tasks included installing insulation, measuring and cutting wood, putting up framing, and carefully using nail guns.  As a result of their efforts, six walls were built, 1.25 units were insulated, 300 pounds of construction material were removed from the site, $2,251.28 was saved in labor costs, and most importantly, four families are closer to owning a home!

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Q4 2016 Cite Partners Central Florida Office Market Report

2016..what a year!! A lot happened around us in Central Florida; in the State of Florida; in the United States; heck, in the world. The office market, overall, had a very successful year. Vacancies continued to dwindle while rental rates increased. Office-user-sales continued to take a prominent position in the market as interest rates promoted cheap cost of funds for buyers. Investment sales in the area were brisk as more national, institutional buyers found their way into Orlando and other “secondary” markets like it. Positive signs are all around..

To view the Central Florida Office Market Report in its entirety, please click below:

Cite Partners Office Market Report

Q4 Community Initiative a Great Success for Cite Partners

The Epilepsy Association of Central Florida was recently presented with a check in the amount of $6,215.42 after being selected as the recipient of Cite Partners’ 2nd Annual Q4 Community Initiative.  Chuck Carmen, Executive Director for EACF, accepted the check on behalf of the organization.  The funds will be used to improve the quality of life for children and adults with epilepsy and seizure disorders.

Each year, Cite Partners donates $100 for every 10,000 square feet sold or leased during the 4th quarter to an organization that is chosen by the employees.

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Cite Partners CFI Team Fully Leases Bent Oak Building 200

With the signing of the 54,491 square foot lease by Wesco Distribution at Bent Oak Industrial Park, Building 200 becomes the first fully leased building at the newly developed park.  Building 300 has recently been completed, and construction continues on Buildings 400 and 500, as well as Building 600, which will be occupied by Freeman Expositions in early 2017.

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Q3 2016 Cite Partners Central Florida Office Market Report

WHAT IS THE “FUTURE” OF THE OFFICE MARKET

As the workforce turns younger, there is a movement within the office environment to move towards a collaborative, open approach in the design of office spaces. Employers need to have a space that not only allows them to attract the best talent available, but also to retain that talent which they already have. Office space that provides a sense of place and an environment which helps to foster employees with a sense of meaning to their job. Amenities are also important for employers to be able to provide for a happy and healthier workforce.

 

To view the Central Florida Office Market Report in its entirety, please click below:

Cite Partners Office Market Report