The office lease is for a five-year term, and Jorge E. Pino Jr.,principal broker at Coral Gables-based Pino, Fernandez &Associates Inc., tells GlobeSt.com the aggregate value of the leaseis $2.3 million. The building is located Downtown at 10720Caribbean Blvd.

Pino represented the tenant, Lake Valley, IL-based Kids HopeUnited, a 100-year-old provider of social services, in the leasenegotiations. Mia Stierheim of locally based Abood Wood-Fay RealEstate Group/TCN represented the owner, Pinnacle InvestmentProperties Inc., in the transaction. Pinnacle is also basedhere.

Meanwhile, Fortune paid $1.5 million, or $11,538 an acre, forthe Lake Okeechobee land parcel in one of the fastest-growingresidential areas in South Florida. This transaction follows thecompany's $1.1-million acquisition of property on US 441 here inlate November. Fortune targets acquisitions for future residentialand commercial development, including condo conversions and hotelcondos.