The deal, which closed in one week, is the largest of its kind this year in Central Florida. The transaction was crafted by Rebman Properties Inc. of Maitland, FL and Trammell Crow Co.'s Orlando office.
San Francisco-based ABM Property Co., through its local entity, CH-VAF Orlando Joint Venture, owns the warehouse which was vacant only seven months before it was leased, Rebman Properties president Roger K. Rebman tells GlobeSt.com.
"We tweaked the [rent] rate and terms a bit to make both the tenant and landlord happy," Rebman says. "The ceiling height was only 24 feet clear, so stacking heights were limited, but the low rental rate was an offset to that limitation."
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