Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Glenborough Realty Trust Inc. is going with Realvest Partners Inc. of Maitland, FL as its new leasing agent at the six-building, 134,389-sf campus in the 1,890-acre Lakepoint Industrial Park, LeeVista Center, next to Orlando International Airport.

The value of the contract wasn’t disclosed. Duke Realty Corp. of Indianapolis, IN previously leased the 85%-occupied properties containing a mix of office, flex and distribution space.

Realvest only has to find a tenant for 20,217 sf in the single, 37,932-sf building at Lakepoint 11 to bring the entire campus up to 100% occupancy. Estimated average asking rents are $18 per sf to $20 per sf, according to area brokers familiar with the airport submarket.

The tenant roll at the 64,057 sf, fully leased Lakepoint 1 comprises Attorney’s Title, 27,360 sf; Helsel Phelps, 10,901 sf; Capital Cargo, 6,740 sf; and several smaller tenants taking a total 19,056 sf.

A mix of small tenants occupies the 37,932-sf Lakepoint 11 with 20,217 sf vacant. At Lakepoint 111, Flying Foods occupies the entire 32,400 sf.

Lakepoint 1 was built in 1985; Lakepoint 11 and 111 in 1986. Realvest founder/chairman George D. Livingston and vice president Robert Blackwell negotiated the leasing contract with Glenborough.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.