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Winter Park / Maitland Observer Thursday, Jun. 9, 2016 2 years ago

Real Estate Briefs

Altamonte Springs firm negotiates leases in Winter Park

Altamonte Springs firm negotiates leases in Winter Park

Emerson International in Altamonte Springs recently negotiated two lease agreements totaling 5,500 rentable square feet of office space at Major Plaza I in Southwest Orlando and at Louisiana Office Park in Winter Park. The engineering firm of Smith Seckman Reid leased 3,400 square feet at Major Plaza I, 5728 Major Blvd. Nicholas Fouraker of Bishop Beale represented the tenant and Kenneth Koch, director of leasing represented the landlord Emerson International who owns and manages Major Plaza. Zac Starkey, leasing associate with Emerson, negotiated a lease expansion agreement in Louisiana Office Park at 1177 Louisiana Ave. with a current tenant, Belmont Management Group, who now occupies 2,100 square feet at the Winter Park office development.

Hold-Thyssen team gets three deals done

The Hold-Thyssen leasing team of Alex Rowlinson and Troy Stevens recently negotiated three leases totaling 5,800 rentable square feet of flex space at Edgewater Commerce Center, 6250 Edgewater Drive in Orlando. Rowlinson and Stevens negotiated the transactions on behalf of the landlord, a South Florida investor. Loco’s Kreations LLC signed a five-year lease of 2,400 square feet for their custom motorcycles business. Refinishing Solutions Inc. renewed and expanded its leased space up to 2,400 square feet, and Let’s Move Florida, LLC signed a new three-year lease of 1,000 square feet.

Flea World building demolished

Demolition work has begun at Flea World, the 118-acre site on U.S. 17-92 at Ronald Regan Boulevard and County Home Road and at one time “The nation’s largest flea market under one roof.” The flea market land, located directly opposite the Seminole County Government Operations Center, the Courthouse and Seminole State College, is expected to become the “Catalyst Project of Seminole County.” Demolition of the site will clear the way to develop Reagan Center, a mixed-use project that could eventually include as much as 2.4 million square feet of offices, along with restaurants and retail stores, apartments and townhomes. Paul P. Partyka, partner at NAI Realvest in Orlando and broker of record for the development, said Reagan Center will ignite a 20-year effort by Seminole County, Sanford, Lake Mary, Winter Springs, Longwood and Casselberry to create a sustainable economic development corridor along U.S. 17-92.

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