(To read more on the industrial market, click here.)
ORLANDO-J.B. Carrie Properties is nearing the 100% occupancylevel at its 101,152-sf industrial building at 4161 N. John YoungParkway in south Orlando. Birmingham, AL-based Mayer ElectricSupply has signed a 37,137-sf lease, bringing the building'soccupancy to about 90%.
GVA Advantis brokers Tom McFadden and William Bradfordnegotiated for the landlord. The tenant represented itself.McFadden and Bradford declined to disclose the length and value ofthe lease. However, area brokers familiar with the John YoungParkway submarket tell GlobeSt.com the lease was probably for fiveyears at an effective rent of $4.50 per sf. That would make theestimated aggregate value of the transaction $8.36 million,according to area brokers not associated with the deal.
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