They made no mistakes in closing an 86,974-sf, 10-year industrial leasing transaction this week for Dallas-based PrimeSource Building Products Inc. at AMB Property Corp.'s 15-year-old, 129,000-sf bulk warehouse site in Orlando Central Park.
The deal had to be done within three months. It closed in two months. Typical transactions take six months or more, veteran brokers tell GlobeSt.com.
The estimated $3.5 million deal brought AMB's south Orlando two-tenant building to 100% occupancy and relieved the pressure on PrimeSource. The Texas company had to vacate its three-building, 47,000-sf warehouse complex off Silver Star Road in west Orlando by June 25.
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