Press Release brought to you by NAI Global

NAI Realvest Negotiates 5 Leases, Condo Sale Totaling 41,790 SF at Monroe CommerCenters in Sanford

06/23/2016

NAI Realvest Negotiates 5 Leases, Condo Sale Totaling

41,790 SF at Monroe CommerCenters in Sanford

 

SANFORD, Fla. --- NAI Realvest recently negotiated five leases totaling 41,790 square feet and closed on an industrial condo sale at Monroe CommerCenters.

 

Michael Heidrich, principal at NAI Realvest who heads the leasing and management at the Sanford industrial facilities, brokered the transactions on behalf of the landlords and seller. 

 

At Monroe CommerCenter North, 4200 Church St., Derive Power, LLC (formerly SCT Performance) renewed their lease of 16,916 square feet and expanded into an adjacent suite at 4150 Church St. with 10,926 square feet for a total of 27,842 RSF. 

 

Heidrich and Associate Patty Nolff negotiated a lease renewal with Franklin Electric Sales, Inc. of Fort Wayne, Ind., for the 7,252 square feet they occupy at Monroe CommerCenter North, with Casey Bourque of Avocat Group representing the tenant.

 

At Monroe CommerCenter South, Heidrich brokered a new lease with Kiewit Infrastructure South Co. of Omaha, Nebraska for 2,000 square feet at 707 Progress Way and a lease renewal with Luis Martinez and Vanessa Gonzalez for 2,000 square feet at the industrial center.

 

Heidrich and Nolff negotiated the sale of  an industrial condo comprising units 1324 and 1332 at Monroe CommerCenter IV representing the developer Small Bay Partners, LLC.   The buyer, Lake Mary-based Keenan Business Group, Ltd, purchased the property with 2,700 useable square feet for $189,000.

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For more information media should contact

Michael Heidrich, Principal, NAI Realvest, 407-875-9989 mheidrich@realvest.com

 

Robin L. Webb, CCIM, CHA, CHB, CRB, CPM, MRICS, Managing Director, NAI Realvest, 407-875-9989 Rwebb@realvest.com

 

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

 

About NAI Realvest

NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe.  Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

Source

NAI Global

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