Managing Director, Principal Ken Lane represents largest tenant at office building
Sarasota, FL — Avison Young, the world’s fastest-growing commercial real estate services firm, completed a 33,645 square foot lease renewal for Jackson Hewitt at Gateway Professional Center building D, located at 501 N. Cattlemen Road in Sarasota, Fla. This transaction represents the largest lease to-date in 2014 in Sarasota County.
Ken Lane, Managing Director and Principal of Avison Young’s Tampa office, and Patrick R. Eichner, Senior Vice President with Avison Young’s New Jersey office, completed the transaction on behalf of the largest tenant at the property. Lane recently completed the largest office lease to-date in 2014 in Tampa as well, a 62,114 square foot transaction retaining JP Morgan Chase at Memorial Center during which he represented the landlord.
“Leasing activity in Sarasota remains progressive this year, mirroring corporate optimism and confidence of business in the area,” said Mr. Lane. “The Jackson Hewitt lease renewal is consistent with the trend of professional service firms leading the transaction activity along the Florida Gulf Coast, indicating that the economy is trending in a positive direction.”
Gateway Professional Center is a 4-building office park situated at the Fruitville Road exit along the I-75 corridor. Conveniently located on Sarasota’s highest traffic east-west road, tenants enjoy easy access to all major roads, restaurants, retail and hotels in the area.
“We are seeing rental rates climb at a steady pace, not too far below prices for comparable buildings in the Tampa office market,” continued Mr. Lane. “As such, tenants with current leases at quality buildings are finding it worthwhile to renew.”
Avison Young’s Tampa operations provide best-in-class services to local, national and international clients while also networking with the firm’s other offices across the U.S. and Canada. For more information about Avison Young in Tampa, please contact Mr. Lane at(813) 288-1800 or visit http://www.avisonyoung.com/offices/tampa.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,500 real estate professionals in 58 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.