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Crow Closes Two Retail Subleases

ORLANDO-Shaw Industries Inc., the world's largest manufacturer of tufted broadloom carpet, is closing its Flooring America division and renting out its leased space in two freestanding Central Florida buildings.

By Alex Finkelstein | Updated on July 11, 2001

ORLANDO-It wasn’t a mega lease transaction but the Orlando division of Trammell Crow Co. got the 24,000-sf job done for Dalton, GA-based Shaw Industries Inc., the world’s largest manufacturer of tufted broadloom carpet.

Shaw is closing its Flooring America sector and renting out its leased space in two six-year-old, freestanding Central Florida buildings. The estimated aggregate value of both six-year leases is $2.59 million. Area rents are in the $18 per sf to $20 per sf range.

Furniture Gallery, a Daytona Beach, FL retailer, is taking the 12,000-sf building on Enterprise Road in Orange City, FL, 40 miles north of Downtown Orlando.

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