Southwire and Crownpointe officials couldn't be reached at GlobeSt.com's publication deadline to learn more details on the leasing transaction.
But area brokers, familiar with the south Orlando submarket, tell GlobeSt.com on condition of anonymity the long-term lease is for at least 10 years and has an estimated aggregate value of $4.2 million, based on current average area asking rent of $4.29 per sf.
The lease is one of the largest this year in metro Orlando's robust 95 million-sf industrial market. Ashley Furniture Industries Inc. of Arcadia, WI leased 141,120 sf for an estimated 10 years earlier this year at 1401 Tradeport Drive, also in south Orlando.
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