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ORLANDO-The 2,900-acre International Corporate Park is making its first sale in years. Dallas distributor Sierra Stone Inc. has contracted to buy 37 acres for a 200,000-sf distribution center. The estimated contract price is $3.22 million or about $2 psf. The park is zoned for 20 million sf of commercial.
ORLANDO-Access2re.com.Inc. is betting a $750,000 investment will be paying off for both the young company and the commercial real estate industry in Central Florida as well.
ORLANDO-Vacancies in a niche 5.5 million-sf industrial market category shrink to 10% from 11.6% as tenants average 13,000 sf in new leases, up from an average 5,000 sf per lease in past years