"The cost replacement factor is probably the key element in manyof these deals," Dean Fritchen, senior broker at Coldwell BankerCommercial NRT in Winter Park,, tells GlobeSt.com. "If it's goingto cost you more to put up a new small building than it is to buyan existing structure that you could renovate and retrofit to yourneeds, then buying the existing building is almost always the bestchoice."

That may have been one of the factors that convinced Shops atHancock LLC to pay Chester C. Fosgate Co. of Winter Park $3.2million, or about $229.64 per sf, for a 14,000-sf retail buildingadjacent to a 150,000-sf SuperTarget in Clermont, brokers tellGlobeSt.com.

In that deal, Fosgate retained ownership of the five outparcelsin the SuperTarget shopping center. Daryl M. Carter of Maury L.Carter & Associates Inc. and Scott Renick of Crossman & Co.represented the seller. Lou Fabrizio of Primerica Group One Inc.negotiated for the buyer.