Area brokers tell GlobeSt.com the $20-per-sf-price is belowreplacement cost of a comparable structure. The building is in theAirport/Southeast industrial submarket. Papilla Design is movingfrom its owned 20,000-sf building at 5505 Carder Rd. in westOrlando's Silver Star Road corridor. The Landstreet property wasbuilt in the 1980s; the Carder Road building in the early1970s.
Bo Bradford and Tom McFadden, senior directors in the industrialservices group of Advantis/GVA, negotiated for Papilla Design asthey did in 2000 when Papilla bought the Carder Road property. MattBates of Grubb & Ellis Co., Orlando, represented the seller,880 W. Roslyn Road Inc. of Fort Lauderdale, FL.
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