Lincoln Property Company Brokers 23 New Leases and Renewals in Orlando for Garrison Investment in 2013
Lincoln Property Company Southeast (Lincoln) brokered twenty-three leases and renewals totaling 62,354 square feet in 2013 in a portfolio of three metro Orlando flex/office properties that the firm leases and manages on behalf of landlord Garrison Investment Group.
The portfolio consists of the Airport Business Center in Orlando, a six-building property totaling 176,894 square feet of office and warehouse space; Longwood Business Center in Longwood, which consists of seven buildings and totals 130,868 square feet of office and warehouse space; and NorthLake Business Center, a two-building property in Altamonte Springs totaling 80,948 square feet of office and warehouse space.
The tenants were represented by brokers from several firms, including Cresa Orlando, Cassidy Turley and Adler Realty Services.
“We are extremely excited about the level of leasing activity we generated at these properties,” said Sean DuPree, director of sales and leasing for Lincoln. “These transactions are not only testimony to our good relationships with brokers throughout the Orlando market, but also to the extensive capital improvements we made to the properties in 2012 and 2013.”
The upgrades included the installation of “make ready” suites, improved landscaping, directional signage, pressure washings and the painting of buildings and sidewalks. At Longwood, new roofs were installed on five buildings, and an onsite leasing office was opened. At Northlake, new HVAC units were placed on one of the buildings, and the parking lot was repaved. Improvements at Airport included significant roof repairs, and the sealing and striping of the parking lot.
Garrison Investment Group purchased the three-property portfolio in late 2012.