NAI Realvest Leases More than 50 Percent of South Park’s Phases 2 and 3 in Less Than Six Months
ORLANDO, Fla. – While construction was still underway on Phases 2 and 3 of South Park Business Center, Tom R. Kelley, II, CCIM, principal at NAI Realvest, began signing up 21 new tenants on behalf of Miami-based landlord South Park, LLC at the commercial flex/office/warehouse development at 8600 Commodity Circle.
Between August and October of last year Kelley negotiated seven new leases, in November and December eight new leases and seven more tenants were signed up before mid February of this year bringing 94,569± square feet of mostly finished units at the property to more than 50 percent leased in less than six months.
Units from 1,825± to 4,106± rentable square feet were leased to local, national and global businesses, professionals and service providers ranging from construction, education, event planning, floral design, marketing and manufacturing to non-profits, photographers, staffing, technology and wireless communications companies.
Kelley attributes this success to the flexibility of the units, the quality of construction and excellent location – off of Sand Lake Rd. and John Young Parkway near attractions, malls, upscale communities and downtown Orlando with access to existing or potential clients for tenants – plus the expedience in ensuring tenants met all eligibility requirements for their occupancy.
Tenants recently signed since the first of this year include Atlantic Home Technologies with 1,987 square feet, The Maker Effect, 3,443 square feet, FZ Sports, 2,938 square feet, Inflatable Ventures Holdings, 2,499 square feet and 1,830 square foot units were leased by both One Stop Mobility and Runway Events.
About NAI Realvest
NAI Realvest, serving all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com