Southwire and Crownpointe officials couldn't be reached atGlobeSt.com's publication deadline to learn more details on theleasing transaction.
But area brokers, familiar with the south Orlando submarket,tell GlobeSt.com on condition of anonymity the long-term lease isfor at least 10 years and has an estimated aggregate value of $4.2million, based on current average area asking rent of $4.29 persf.
The lease is one of the largest this year in metro Orlando'srobust 95 million-sf industrial market. Ashley Furniture IndustriesInc. of Arcadia, WI leased 141,120 sf for an estimated 10 yearsearlier this year at 1401 Tradeport Drive, also in southOrlando.
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