Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-An 11,743-sf office and industrial lease has brought the 2.5-year-old, 180,000-sf Monroe CommerCenter North in suburban Sanford to 90% occupancy. Cincinnati-based Cintas Document Management LLC is taking the space for five years at an aggregate rent of $397,422.

Cintas Document’ rented area at 4200 Church St. includes 9,743 sf of warehouse and 2,000 sf of office space, Michael Heidrich, a principal with property owner Realvest-Monroe CommerCenter LLC of Maitland, tells GlobeSt.com. “Small bay space continues to be in strong demand” by users of 5,000 sf to 20,000 sf of space, Heidrich says. His company plans to add 70,000 sf to the facility to meet near-future demand.

Average asking gross rent at the property, occupied by 15 tenants, is $7 per sf. The leasing deal took four months to complete, from contract signing to closing, Heidrich says. Paula Kotzin of Watson Realty negotiated for the tenant.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.