(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)

ORLANDO— Perfection Architectural Systems had a choice: continue leasing at its current location or buy the building outright. The company chose to buy the 50,016-square-foot industrial asset for $2.215 million.

Matt Sullivan and Wilson McDowell of Colliers International Central Florida represented the buyer, 2310 Mercator LLC, in the transaction. The seller was Clonts Farms. The industrial property is located at 2310 Mercator Drive.

“We scoured the market and determined that the facility Perfection Architectural Systems currently occupies allowed them to continue to grow as the market recovers,” McDowell said in a statement. “Purchasing the property not only saves the company relocation expenses, but also provides significant economic advantages in decreasing overall occupancy costs.”

Perfection, which produces aluminum canopies installed throughout the U.S., had been a tenant in the building for 10 years. Rather than renew its lease, the company determined there were economic advantages to purchasing the facility. With strong credit, Perfection was able to leverage historically low interest rates and settle into fixed costs.

“For a long time people were just reluctant to sign long-term leases or to make long-term decisions,” Nick Wigoda, a vice president at Jones Lang LaSalle, tells GlobeSt.com. “Given the uptick in the economy and just trade with international commerce, people are feeling more comfortable to commit.”

When asked if industrial is a tenant’s or landlord’s market, Wigoda says the industrial landscape is in neutral. He sees an equilibrium, where tenants can still get good deals but landlords are locking good rates with tenants.

That could soon change. “I think the shift is going to come in 2013 to a landlord’s market,” Wigoda says. “And given the new construction in 2014 who knows what will happen.”