The largest lease, 31,680 sf, was signed by Valencia CommunityCollege at Sand Lake Tech Center. Property owners DenholtzAssociates of Rahway, NJ declined to disclosed lease terms; butarea brokers intimate with the Orlando Central Park industrialsubmarket of southwest Orlando tell GlobeSt.com the lease wasprobably for five years at an effective rent of $18 per sf for atotal rent of $2.9 million. McFadden and Bradford negotiated forDenholtz.

In a five-year renewal transaction, Baker Distributing Co.closed a 25,740-sf deal at the 100%-leased 2000 Diversified Waybuilding with owner Dr. Phillips Inc., an Orlando charitablefoundation and one of the largest private area property owners. Dr.Phillips officials declined to disclose lease terms; but areabrokers who follow the firm's portfolio tell GlobeSt.com theestimated value of the lease is $514,800 based on an effectiveestimated rent of $4 per sf. Pierce, McFadden and Bradfordnegotiated for Dr. Phillips. The deal took six months to complete,the brokers tell GlobeSt.com.

In suburban Altamonte Springs, FL, Hall closed a 13,460-sfsublease office deal for Archipelago Holdings LLC of Chicago withsublessor Premierefx LLC at the 100%-leased, 113,400-sfCenterpointe Two, owned by the Emerson Group, a division ofLondon-based Emerson International Inc. The aggregate value of the15-month sublease is $300,000 or about $17.83 per sf. The propertywas vacant for three months prior to re-leasing. The deal took onlya month to complete, Hall tells GlobeSt.com. The transaction boostsHall's production value to $3.5 million in the two years he hasworked for Advantis.