Friday, July 10, 2015

NAI Realvest Completes Office Lease Agreements with USTA and Sub-Zero boosting occupancy to 100% at Citadel III in the Airport Submarket

ORLANDO, Fla. — NAI Realvest recently completed two new lease agreements totaling 9,410 rentable square feet on the sixth floor of the Citadel III at 5950 Hazeltine National Drive in Southeast Orlando.

Senior Broker Associate Mary Frances West CCIM and Matt Cichocki, Principal negotiated both transactions representing Citadel Partners, Ltd. of Oakland, Fla., landlord of the 139,000 square foot office building which is now 100 percent leased.  

West negotiated a long-term lease with Sub-Zero Group Southeast, Inc. for Suite 670 with 4,450 square feet.  The new tenant, a leading manufacturer of luxury appliances, was represented by Craig Castor of Cresa Orlando and Tim Rikkers of Cresa Wisconsin. 

United States Tennis Association Incorporated signed a short-term lease for Suite 660 with 4,960 square feet to serve as a temporary location while their $60 million USTA Training Center is being constructed at Lake Nona.    Jeff Patterson of Equity, Inc. represented the White Plains, NY based-tenant. 

“The building owner’s commitment to maintaining a first class operation has enabled us to achieve a consistent high-occupancy level at Citadel III,” said West.  

NAI Realvest Retail Team Negotiates Lease of Sanford Restaurant Facility for New Mexican Grill Opening in August

ORLANDO, Fla. – NAI Realvest recently completed a long-term lease agreement for a 6,313 square foot restaurant facility – the former Sun Valley Buffet -- located at 4520 W. SR 46 in Sanford.

NAI Realvest Retail Team of Matt Cichocki, Kevin O’Connor, and Mitch Heidrich, negotiated the transaction on behalf of the local landlord Tin W. Wong.      

The new tenant, El Paso Mexican Grill, Inc. plans to open a restaurant at the site by August.