Aaron is leasing 50,000 sf for five years at an estimated aggregate rent of $1 million. Aaron's presence brings the 955,000-sf park to 95% occupancy. Average area asking rents are $3.75 per sf to $5 per sf.
"Aaron was looking for a central location with good highway access," Irene Martinez, associate, leasing services, Advantis Real Estate Services Co., Tampa, tells GlobeSt.com. "This center is in a great location, off 50th Street in East Tampa, perfect for them."
For the six months ended June 30, Aaron revenue rose 11% to $274.2 million but net income fell 13% to $12.3 million, according to its 10Q filing with the Securities and Exchange Commission. Aaron was trading on the New York Stock Exchange at $17.10 per common share, unchanged, on Friday, Sept. 10.
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