In a sign that the Central Florida industrial market is improving, in the past 60 days Matt Sullivan, SIOR, CCIM, and Wilson McDowell, CCIM, of Colliers International Central Florida have closed 23 industrial deals totaling just over 630,000sf of transactions.

Several notable transactions include leases for Orange County, Super Color and Peninsula Food Service, and investment sales of properties on North Goldenrod Road and University Boulevard.

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Colliers International closed on industrial leases that included Special Logistics Southeast LLC, which leased 80,527 square feet of space in Beltway Commerce Center at 10910 Lee Vista Blvd. in Orlando.  Matt Sullivan and Wilson McDowell, both of Colliers, represented the tenant. General Supply & Services Inc., also known as Gexpro, leased 32,195 square feet of space in ADC North Building A at 7297 S. Conway Road in Orlando. Sullivan and McDowell represented the landlord, DCT Industrial, and Jared Bonshire of Cushman & Wakefield represented the tenant. NHCS LLC leased 26,344 square feet of space at 2729 Hansrob Road in Orlando. Sullivan and McDowell represented the tenant and Bill Bywater of the Bywater Co. represented the landlord, Hansrob Road Partners LLP. …

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A look into the Industrial Real Estate market in Central Florida by The Orlando Business Journal.

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Colliers Arnold is pleased to announce that CoStar Group (Nasdaq:CSGP) has selected Matt Sullivan, CCIM and Wilson McDowell, CCIM as CoStar Power Broker Award winners, for being the “best of the best” in commercial real estate brokerage.  The annual recognition program, now in its eighth year, spotlights the U.S. firms and individual brokers who closed the highest transaction volume in commercial property sales and leases during the 2009 calendar year.  All awards are based on transaction data in CoStar’s commercial real estate information database.

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Orlando, FL (March 24, 2010) – The Central Florida Industrial Team of Matt Sullivan, CCIM and Wilson McDowell, CCIM have closed on nine industrial lease deals so far this year totaling over 200,000 SF, despite the sluggish industrial market.  “The industrial market continues to have its ups and downs with very little new absorption in the market,” Matt Sullivan remarks, “The bulk of the completed transactions involve existing Tenants moving around the market for better deals.”  Preliminary research indicates that we may see an uptick in overall absorption for the first quarter of 2010 but vacancy should continue to increase and more downward pressure on rents should remain.  With this in mind Wilson McDowell says, “The ability to be creative in structuring a deal that is mutually beneficial for the Landlord and the Tenant is becoming the recipe for success in this market.”

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The world’s largest bottling company will move its local vending machine operation and 85 employees from northwest Orlando to a larger warehouse on the southeast side of town in June.

Atlanta-based beverage maker Coca-Cola Enterprises Inc. (NYSE: CCE) signed a seven-year lease last month for a 70,000-square-foot industrial building in Airport Distribution Center.

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2009 took the commerce out of commercial real estate, and local experts don’t expect that to change much in 2010.

Regardless of the sector — industrial, office or retail — there is little indication of a quick turnaround this year.

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The CFI Team of Matt Sullivan, CCIM and Wilson McDowell, CCIM represented the buyer on one of the largest industrial owner occupied sales in the Central Florida market in 2009.

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Ace World Wide Moving & Storage Co. Inc. has agreed to remain in its space at the Crossroads Distribution Center in south Orlando. The transportation, logistics and relocation services provider renewed for 40,140 square feet at 1125 Gills Drive and 12,450 square feet at 1075 Gills Drive for another five years.
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Matt Sullivan, CCIM and Wilson McDowell, CCIM put together 6 new leases totaling over 83,000 SF in the Central Florida market.  These deals include Frontline Freight Systems of Florida, Inc taking 36,523 SF at the Crossroads Distribution Center, Crown Packing Corporation taking 20,000 SF at 2700 Hazelhurst Ave, Teamwork Labor Services taking 15,368 SF at 7500 Exchange Dr, Florida Wire and Rigging renewing 6,180 SF at West Park and both Coastal Courier and Facility Solutions, LLC taking 2,500 SF each at the Eastpoint Business Center.

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Matt Sullivan, CCIM and Wilson McDowell, CCIM represented Teamwork Labor Services, Inc in the leasing of a 15,368 SF lease in South Orlando.  Teamwork’s lease was coming due and was looking to reduce costs in their real estate.  Wilson and Matt were able to locate and negotiate a deal on new space less than a mile away from their existing locaiton with terms that allowed Teamwork to transition from their existing warehouse to the new warehouse with minimal costs.

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Colliers Arnold Commercial Real Estate Services reports the company recently closed a number of lease transactions totaling 157,655sf. In addition, sale transactions closed by professionals at the company totaled 13,900sf, plus a land sale of 2.04 acres.

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Wilson McDowell, CCIM was nominated by the May/June 2009 publication of Real Estate Florida as as a top 40 real estate professional in the state of Florida under the age of 40.  Real Estate Florida salutes these 40 individuals who are rising to the top of their professions, including brokerage, development and law.  Some you may already be familiar with, while others you will read about for the first time.  In any case, it appears that the future of commercial sectors is in good hands.

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The team of Matt Sullivan, CCIM and Wilson McDowell, CCIM completed one of the largest industrial deals of the year with a renewal at 1151 Gills Dr with Office Depot.  Matt and Wilson represented the Landlord, Colony Realty Partners, in the transaction.

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The CFI Team represented the buyer, Altier Properties LLC in the acquistion of an Orlando warehouse and distribution facility for $2.17 million or about $86 per square foot.  The building consisted of approximately 24,700 square feet located in southwest Orlando.

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The CFI Team represented the seller, Patricia Bitter of Justine Realty Co. LLC of St. Louis.  The fully leased manufacturing building with approximately 216,000 SF of space was purchased for $6.38 million, or about $30 per square foot.

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