ORLANDO, FL—The SYGMA Network, a subsidiary of food service marketer and manufacturer Sysco Corp., has renewed leases totaling 169,000 square feet at two industrial buildings here.
Brokerage firm Cushman & Wakefield reports that SYGMA renewed two long-term leases of 120,000 square feet at 6375 Emperor Drive and 49,000 square feet at 6217 Emperor Drive. SYGMA provides food and non-food products to the chain restaurant industry. The firm has been located at the Emperor Drive properties for more than 15 years.
Cushman & Wakefield industrial specialists Jared Bonshire, Lee Morris and David Perez of the brokerage firm's Orlando office, negotiated the renewals on behalf of the landlord, TLF. CBRE's David Murphy served as tenant broker in the transaction.
“SYGMA approached us to renew its co-terminus leases, and we were happy to accommodate this valued, long-time TLF tenant,” Cushman's Bonshire says. “The retention of companies in the Orlando Central Park submarket, and the region's continued draw for organizations looking to establish a presence here has resulted in compressed industrial vacancies and overall strong fundamentals.”
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