Fairfield Grows HQ to 114,000 SF in Est. $24M Lease at Gran Park

ORLANDO-Continuing to grow its business in a sluggish economy, locally based timeshare developer Fairfield Communities Inc. is adding 17,000 sf to its existing 97,000-sf world headquarters space at Flagler Development Co.’s flagship office venture, the 835,000-sf, 174-acre, Gran Park at South Park in south Orlando.

Flagler officials wouldn’t disclose lease terms or occupancy figures. Area brokers estimate the eight-building campus is 90% leased.

Fairfield’s space is in the 190,221-sf Building 500 where it occupies 60% of the building. Orlando-based Schwartz Electro-Optics Inc., the only other tenant, occupies 76,221 sf on an estimated 10 year lease signed in September 2001 for about $15 million, according to GlobeSt.com research. That lease brings Building 500 to 100% occupancy.