Fidelity will use the industrial space for storing its business records.
The average quoted rent at the two-year-old, 85%-leased park is $4 net. Company officials couldn't be reached at GlobeSt.com's publication deadline to learn the value of the lease. But area brokers tell GlobeSt.com the estimated aggregate value of the lease is $1.35 million.
John L. Gay, president, Strictly Commercial Inc., Orlando, negotiated for Fidelity National. Kevin Hoover and David Murphy of CB Richard Ellis Inc./Orlando represented the owner, CalEast Industrial Investors LLC of Chicago.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
