The Pelliconi Group, which makes bottle caps, crowns and closures for the bottling industry all over the world, will make caps at the Orlando facility for various Nestle Waters brands, including Zephyr Hills and Deer Park, says Robert Blackwell, principal with Orlando-based NAI Realvest, who represented Pelliconi in the deal.

Although Tim Perry, senior leasing and development representative for Duke Realty in Orlando, declined to say what rental rate Pelliconi is paying, he says that rents, in general, in the Orlando industrial market have dropped 25% to 30% since 2007.

In its new facility, Pelliconi, which is in the process of moving in, will hire 24 people. Because the company is a manufacturer, and manufacturing is considered a qualified targeted industry, it is eligible for government incentives, in this case from Orange County, say Irma Stenman, director for international business at the Metro Orlando Economic Development Commission.