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Metro Orlando Business Park Inks Four Leases Totaling 20,000 Square Feet

20 Sep 2012

Lincoln Property Company Southeast has brokered four leases totaling nearly 20,000 square feet at Northlake Business Park, a 270,000-square-foot office park north of Orlando in Altamonte Springs, Fla. Robert Kellogg, vice president – office, for Lincoln, represented the landlord, TR North Lake LLC, in the deals.

The leases included the following transactions:

• Mohawk Carpet Distribution renewed its 8,055-square-foot lease for two years. David Murphy of CBRE Group represented the tenant.

• Taylor Morrison signed a three-year new lease for 5,290 square feet. The transaction was a direct deal.

• Pitney Bowes renewed its 3,651-square-foot lease for three years. Betsy Owens of Cushman & Wakefield represented the tenant.

• Pinnacle signed a five-year new lease for 2,573 square feet. The transaction was a direct deal.

Located near Interstate 4, Northlake Business Park is located near restaurants, hotels and shopping centers. The site features four parking spaces per 1,000 square feet, and exterior signage is available for tenants.

“As the economy continues to recover, we are noticing a real uptick in office leasing activity in Orlando and the surrounding markets,” Kellogg said. “These four transactions are not only great news for our landlord client, but they are indicative of the upswing of the central Florida office market.”