Cushman & Wakefield Renews SYGMA Network Industrial Leases in Orlando
Suite 203, January 9, 2015 (Newswire.com) - The SYGMA Network, Inc. has renewed two long-term industrial leases at TLF properties in Orlando, announced commercial real estate services firm Cushman & Wakefield. This includes 120,000 square feet at 6375 Emperor Drive and 49,000 square feet at 6217 Emperor Drive.
Cushman & Wakefield industrial specialists Jared Bonshire, Lee Morris and David Perez, based in the company's Orlando office, negotiated the renewals on behalf of the landlord. CBRE’s David Murphy served as tenant broker.
"SYGMA approached us to renew its co-terminus leases, and we were happy to accommodate this valued, long-time TLF tenant. The retention of companies in the Orlando Central Park submarket, and the region's continued draw for organizations looking to establish a presence here has resulted in compressed industrial vacancies and overall strong fundamentals."
Jared Bonshire, Cushman & Wakefield
A subsidiary of Sysco Corporation, the largest food service marketer and distributor in North America, SYGMA provides food and non-food products to the chain restaurant industry. The firm has been located at the Emperor Drive properties for more than 15 years.
“SYGMA approached us to renew its co-terminus leases, and we were happy to accommodate this valued, long-time TLF tenant,” Bonshire noted. “The retention of companies in the Orlando Central Park submarket, and the region’s continued draw for organizations looking to establish a presence here has resulted in compressed industrial vacancies and overall strong fundamentals.”
Cushman & Wakefield's industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In the U.S. alone in 2013, this group completed nearly 6,700 industrial real estate transactions (excluding Capital Markets transactions) totaling 238.74 million square feet. The aggregate value of these transactions was greater than $7.34 billion.