ORLANDO — Jason G. Toll, Senior Vice President at NAI Realvest, represented the seller,FX Scenery & Display, Inc. in the sale of the 40,300 SF, 3-building property at 3101 Pennington Road, Orlando. One of the existing tenants,STJensen, LLC dba ST Stones, purchased the property for $5,250,000. ST Stones will expand into a vacant 20,600 SF space adjacent to their existing 9,700 SF space. The additional space will allow them to expand their presence within Orlando.
ST Stones is a leading provider of quartz and natural stones both locally and nationally. The acquisition of the property reinforces their commitment to growth and customer service. The expansion will accommodate their business growth and include the installation of a gantry crane for improved material handling. Jason G. Toll, said, “This strategic expansion exemplifies the dynamism of Orlando’s industrial real estate market. We are proud that this sale will enable this expansion for STJensen, LLC, and we anticipate their continued success.”
STJensen, LLC operates in multiple locations across Florida, including Pompano Beach, West Palm Beach, Melbourne, and Tampa, reinforcing their commitment to serving clients effectively. The other tenant on the property, Sherwin Williams, will continue their occupancy within the facility.
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About NAI Realvest
NAI Realvest, covering 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 375 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.