Leisure Bay, a 30-year-old manufacturer of patio furniture,billiard tables and portable spas, has signed a five-year,$8-million lease that includes an option to buy the strategicallylocated 34-acre campus after one year. The site is 20 miles northof Downtown Orlando.

The property was on the market for 60 days; the deal was done in45 days, from contract signing to closing. Six other buyers werebidding for the property. Area brokers who monitor industrial realestate transactions tell GlobeSt.com the deal is the largestlocally in the last five years.

Realvest Partners' vice president Michael Heidrich, a commercialreal estate professional for 20 years, says the transaction is "thelargest commercial lease transaction I have ever been involved in."He obtained the listing from property owner Ashley Capital Corp. ofNew York. CBRE's David Murphy found the tenant. "Sometimes you getlucky in this business," he tells GlobeSt.com.