After a successful inaugural Community Initiative in Q4 2015, Cite Partners has again chosen to donate funds based on the total number of square feet sold or leased in the fourth quarter of 2016 and this year’s partner is the Epilepsy Association of Central Florida. Epilepsy has affected one of our employees directly, and others have family members and friends who suffer or have suffered from seizure disorders. Please help us maximize our donation amount by bringing us deals in the fourth quarter so that together, we can “improve the quality of life for children and adults with epilepsy and seizure disorders throughout Central Florida”.

Last year, Cite Partners donated over $9,000 to the Alzheimer’s Association to provide funds for research and support for families in their fight against Alzheimer’s.  Help us eclipse that goal this year!

For more information about the Cite Partners Community Initiative, please contact:

Heather Buchanan
heather.buchanan@citepartners.com
407-930-1805

Please click the link below to see the Central Florida Office Team’s available properties for September 2016.

CFO Listing 2016-09

Cite Partners recently participated in the 2016 Mudd Volleyball tournament for the March of Dimes.  Under the team name Cite Spikers, the team was two for two in their efforts. The mission of the March of Dimes is to improve the health of babies by preventing birth defects, premature birth and infant mortality.

The CFI Team recently represented Boston-based High Street Realty for a second time in their purchase of the 57,600 square foot warehouse building at 1051 Sand Pond Road in Lake Mary, FL.

To view the Orlando Sentinel article, please click here.

Anjali Fluker, Associate Managing Editor, Orlando Business Journal

Central Florida’s retail market has been so strong that even some commercial real estate representatives who deal outside of that sector are finding success in it.

That’s according to some of the top commercial executives, who gathered on June 6 at the Fairwinds Credit Union office in downtown for Orlando Business Journal’s 2016 Commercial Real Estate Industry Outlook. Participants said the real estate market is definitely stronger, top dollars are being spent to secure deals and the multifamily, retail and industrial sector appear to be driving the most activity so far this year, though the office and land markets also have been solid.

The leaders shared some of the key deals their firms had secured in the last 12 months, most of which are quite significant for the region in terms of generating job growth and economic impact:

Matt Sullivan, managing director/principal, Cite Partners LLC: Ours was the 451,000-square-foot Freeman Expositions [lease at Bent Oak Industrial Park in southwest Orlando], the largest industrial built-to-suit in quite a few years.

To read the full article click here

 

By: Mary ShanklinContact ReporterOrlando Sentinel

Sales

CITE Partners completed its third recent deal on Shader Road in Orlando. An affiliate of Boston-based High Street Real Estate Fund purchased an industrial building with 122,605 square feet at 3122 Shader for $6.3 million from Cawley O’Dell Enterprises Inc. Matt Sullivan, of CITE, represented the buyer.

To read the full article click here

Top Industrial Deal: Freeman Expositions build-to-suit at Bent Oak

Description: Tradeshow and convention marketing company Freeman Expositions Inc. signed a lease to take 451,823 square feet of space in Bent Oak Industrial Park.

To read the full article click here

Cite Partners is a proud Silver Sponsor of this years Ronald McDonald House Bowl-A-Thon, held at Colonial Lanes. This years event raised over $10,000 to benefit the families that turn to the Ronald McDonald Houses in Orlando each year.

In the past thirty days, the Central Florida Industrial (CFI) Team of Cite Partners has brokered three investment sale transactions in the Shader Road area, representing 622,435 square feet and having a total value of over $31,000,000.  The transactions include representing Panattoni in the sale of the Tech Packaging building at 4473 Shader Road, Hanover Platinum in the purchase of Shader Industrial Park, and High Street Realty Company in the purchase of 3122 Shader Road.

 

THE SUN CONTINUES TO SHINE ON THE OFFICE MARKET….

The Central Florida Office market has continued to make very positive strides in the first quarter of 2016. As we turned the corner on 2015 and rolled into 2016, the feeling in the office market was optimistic….vacancies were trending downward….rental rates were on the rise….Landlords were feeling like it was actually fun to be in the real estate business again. The positive feelings that were in place at the end of last year have continued into 2016. The first quarter was active both in the leasing market and the sales market. While the statistics might not show a lot of movement……..the market vacancy rate was relatively flat at 13.4% for this first quarter compared to 13.3% for Q4 2015……….the activity within the Central Florida office market is that of being “good busy.”

 

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

Cite Partners Office Market Report 2016-Q1