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

ORLANDO—As the area's industrial market recovers, Orlando Central Park is attracting expansions and renewals with significant square footage. The 12.5-million-square-foot mixed-use business spark in Orlando’s Southwest Orlando submarket just saw two more leases totaling 88,000 square feet get done.

Frito-Lay distributor Tech Packaging expanded by 44,2000 square feet at Beeline Distribution Center. The company now takes up 100,800 square feet at 2501 Investors Row. Meanwhile, Perfect 10 Satellite Distribution relocated from Beeline Distribution Center 1 into Beeline Distribution Center II at 2507 Investors Row. That move extends the lease agreement on 43,410 square feet on a five-year term.

CBRE first vice president Erik W. Schwetje represented the landlord, Dallas-based Orlando Warehouse Portfolio. Both deals were direct lease transactions with the tenants.

“When Tech Packaging expanded, we had to relocate Perfect 10 Satellite Distribution to the neighboring building,” Schwetje tells GlobeSt.com. “They renewed early for five years, so it was a win-win for everyone involved.”

Schwetje says expansions are the name of the game in Orlando industrial. Orlando has been at the bottom for the last several years, but is beginning to post positive net absorption through tenants agreeing to extensions and expansions even as new tenants enter the market.

“The confidence in the market is much greater than it has been in the past,” Schwetje says. “New tenants are coming to the market, existing tenants are expanding their space. They are locking in for long term and asking for more tenant improvement dollars.”

Although Orlando industrial has been a tenant’s market for the past couple of years, equilibrium is the new key word. Schwetje says neither landlord or tenant has the upper hand. Orlando Warehouse Portfolio’s buildings, which span about 1 million square feet in Orlando Central Park, are now about 97% occupied.