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ORLANDO-The local office of Grubb & Ellis/Commercial Florida posted almost $3 million in new production after participating in three new transactions. They were a seven-year, 24,659-sf office lease with an estimated aggregate value of $1.2 million; a 30-month, 9,823-sf office sublease valued at an estimated $245,000; and an $895,000 sale of an office-warehouse property.

Cyterra signed the office lease at the three-tenant, 36,323-sf 7558 Southland Building in east Orlando where the average asking gross rent range is $7 to $9 per sf. Other tenants in the 64.2%-leased building are Kara Vita LLC and National Postal Mail Handlers Union. David Chapin, senior vice president, office group, Grubb & Ellis, negotiated for the tenant. Lee Ward of Ward Real Estate Services represented the landlord, Delma Properties.

Lot Builders Association is occupying the subleased space at the 32,432-sf, five-tenant 7001 Lake Ellenor Dr. building in Orlando Central Park. The average asking gross rent is $10.45 per sf, full service. Other tenants are Allied Tires Sales Inc., Colliers Arnold, Service Employees International Union and Tarragon Realty Investors Inc. Nick Poole, a sales associate with Grubb &Ellis’ office services group, negotiated the sublease for the sublessor, Barnies Coffee & Tea Co. Poole says the 4,000-acre Orlando Central Park, metro’s largest business campus, has 2.24 million sf of rentable space in office buildings 20,000 sf and larger. The total vacancy rate is 11.7%. The park posted a positive net absorption of 43,445 sf in the first quarter.

The Carvalho Family Trust paid Magnagraphic South Inc. $87.78 per sf in the office-warehouse acquisition at 7606 Presidents Dr., south Orlando. Richard T. Davis Jr., vice president, industrial services group, Grubb & Ellis, and Matthew Bates, vice president, industrial services group, negotiated for the seller. Enio Carvalho of EC Realty Network represented the buyer. Each of the three deals took 70 days to complete, from contract signing to closing.

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