Liberty enticed Control Laser Corp and Control Systemation Inc. to leave rival Orlando Central Park for the new quarters that will be ready for occupancy in November. Control Laser and Control Systemation are owned by Setauket, NY-based Excel Technology Inc.
The tenants and REIT officials couldn't be reached at GlobeSt.com's publication deadline to learn details of the leasing transaction. But area brokers familiar with the south Orlando submarket tell GlobeSt.com on condition of anonymity the estimated five-year lease will have an aggregate gross value of at least $8 million or about $20 per sf.
Control Laser develops and sells laser-marking systems. Control Systemation creates custom automation systems. The firms have a total work force of 100.
Two one-story flex buildings totaling 126,000 sf have been completed at Liberty Park. One is fully leased; the other, half-leased. Design work is under way for three additional office/flex buildings totaling 200,000 sf.
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