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Realvest Pushes Duke Out of Lakepoint

ORLANDO-Owner Glenborough Realty Trust Inc. of San Mateo, CA gives developer George Livingston's Maitland, FL-based firm the exclusive leasing contract on the six-building, 134,389-sf campus at Lakepoint Industrial Park in LeeVista Center next to Orlando International Airport.

By Alex Finkelstein | Updated on September 13, 2001

ORLANDO-Glenborough Realty Trust Inc. is going with Realvest Partners Inc. of Maitland, FL as its new leasing agent at the six-building, 134,389-sf campus in the 1,890-acre Lakepoint Industrial Park, LeeVista Center, next to Orlando International Airport.

The value of the contract wasn’t disclosed. Duke Realty Corp. of Indianapolis, IN previously leased the 85%-occupied properties containing a mix of office, flex and distribution space.

Realvest only has to find a tenant for 20,217 sf in the single, 37,932-sf building at Lakepoint 11 to bring the entire campus up to 100% occupancy. Estimated average asking rents are $18 per sf to $20 per sf, according to area brokers familiar with the airport submarket.

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