Binswanger Commercial Division President David Fahey represented Comcast, and tells GlobeSt.com that the tenant had been in a flex building for the past 10 years and wished to improve its space. With the lease expiring, the company initiated a months-long search for space, which eventually brought it to Deerwood North at 4600 Touchton Rd.

The search began in early 2009 and encompassed the entire market. "Anyone that had 100,000 square feet of space available, we considered," Fahey remarks. He adds that Comcast was aided in its decision by a very tenant-friendly market. "There were plenty of opportunities," he remarks.

Deerwood North was ideal for many reasons, he goes on to say, including the location, the floor plans, the image and the owner. "There were a lot of things to like about this building," Fahey adds. "The deal worked out very well."

Deerwood North is comprised of four class-A buildings totaling close to 500,000 square feet. Other tenants include Main Street America Group, Fidelity Investments, Carolina Casualty Insurance and Wells Fargo Advisors. Ross Carrier, Flagler's senior director of leasing, provided in-house representation for the Comcast transaction.