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.
Bent Oak Industrial Park, Building 400
John 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 participated in their second Warrior Dash earlier this month. The day was sunny, the mud was plentiful, and a good time was had by all. The Warrior Dash, hosted by Red Frog Events, raises money to support the St Jude’s Children’s Research Hospital.
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!
STILL GOING STRONG
2016 ended on a very strong note, which is usually a great sign for the upcoming year. We saw the third straight year of over three million square feet of positive absorption, vacancy continue to drop, and new construction remains very disciplined. Tenant demand continues to be consistent and many existing companies are looking for new space to expand. There is over $15 billion worth of capital investment taking place in Orlando right now between Ultimate I-4, expansion at OIA, Wekiva Parkway, theme park expansions, and many more projects.
To view the Central Florida Industrial Market Report in its entirety, please click below:
Cite Partners Industrial Market Report 2016-Q4
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
Please click the link below to see the current list of the Central Florida Office Team’s available properties.
CFO Listings 2017-02
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.
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.
Please click the link below to see the Central Florida Office Team’s available properties for November 2016.
CFO Listings 2016-11