The $3.8-million lease deal brings the occupancy at the19-year-old, 158,107-sf office/warehouse building at 7524 CurrencyDr. in the Orlando Central Park industrial submarket to 100%.Bradford-McFadden negotiated for the tenant. John Lee of SeefriedProperties represented the owner, AMB Properties.
Bradford tells GlobeSt.com "the hot areas of the industrialmarket so far have been build-to-suits and building sales." He saysthere are nine build-to-suit transactions pending in the marketwith several over 100,000 sf.
"At the end of the third quarter, the industrial market wasshowing signs of recovery from a leasing standpoint, with a totalmarket vacancy of 11.4%," Bradford says. Compared to 2002, theleasing activity for larger bulk deals in 2003 is "about the same,"the broker says.
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