Tower Realty Partners, Inc. Completes 65044 Square Foot lease at Central ...
Tower Realty Partners, Inc. Completes 65,044 Square Foot lease at Central Florida Research Park in Orlando Tower Realty Partners, Inc. negotiated a 10-Year, 65,044 square foot lease renewal with the General Services Administration (GSA) at the Research Commons Building in Orlando’s Central Florida Research Park (CFRP). The aggregate gross lease value totaled nearly $19 million making it one of the largest leases in recent history in Orlando.Orlando, FL (PRWEB) June 19, 2011
Tower Realty Partners, Inc. negotiated a 10-Year, 65,044 square foot lease renewal with the General Services Administration (GSA) at the Research Commons Building in Orlando’s Central Florida Research Park (CFRP). The aggregate gross lease value totaled nearly $19 million making it one of the largest leases in recent history in Orlando.
Tiffany Zullo of Tower Realty Partners, Inc. represented the Landlord, a joint venture between DRA Advisors LLC and Tower Realty Partners, Inc. Contracting Officer, Jamie Thompson of the General Service Administration represented the tenant. “It took a long time with several iterations but the final agreement represented a win/win transaction for both parties,” stated Zullo. “Jamie’s assistance was instrumental in securing this renewal.”
“Central Florida Research Park’s Executive Director Joe Wallace and its Board of Directors should be recognized for advancing the CFRP as the capital of simulation training in the country. The CFRP is one of the great business stories in Central Florida of the last twenty years and represents a gigantic economic engine for Central Florida,” stated Tower’s President Reid Berman.
Research Commons (12249 Science Drive, Orlando), a 130,000 square foot office building, is located along Orlando’s technology corridor near the University of Central Florida.
About DRA Advisors DRA Advisors is a registered investment advisor specializing in real estate investment and management services for institutional and private investors. DRA currently has over $9 billion in assets under management. Since 1986, DRA's focus has been consistent: conservative, value-added real estate investments in the office, retail, multi-family and industrial sectors in the United States. DRA's acquisitions since inception include 900 properties valued over $18 billion. http://www.draadvisors.com
About Tower Realty Partners Tower Realty Partners is an Orlando-based commercial real estate owner focusing on value-added opportunities throughout Florida. Tower was formed in 1987 by Cliff Stein and Reid Berman. Since its inception, Tower has acquired over $1 billion of office properties. Currently Tower’s assets consist of over 3.5 million square feet of office property throughout Florida. http://www.towerrealtypartners.
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Research Commons (12249 Science Drive, Orlando), a 130000 square foot office building, is located along Orlando's technology corridor near the University of Central Florida. DRA Advisors is a registered investment advisor specializing in real estate
For Central Florida attractions, evolving means adding new exhibits and ramping up investments that may have stalled during the recession. Ripley's Believe it or Not! Odditorium in Orlando, for example, has some new exhibits for returning guests,
“He really seemed to be rubbing it in that he was not financially dependent on anyone and therefore the only voters he needed to please were his Tea Party base,” says political scientist Aubrey Jewett of the University of Central Florida in Orlando.
Construction will likely be the last industry to join the recovery, said Sean Snaith, director of the University of Central Florida's Institute for Economic Competitiveness. The construction industry won't fully recover until the labor market improves
(Source: Business Wire) Wachovia banking locations across north and central Florida and the greater Tampa area became Wells Fargo stores over the past weekend in the latest phase of the largest bank merger in US
Student Housing Investments: 'University House Central Florida' to ...
The development/management company for University House Central Florida is Dallas-based Inland American Communities (http://www.inlandac.com), one of the nation's leading development, acquisition and management organizations dedicated to the creation of apartment communities in urban-infill and university markets. The project architect is Humphreys & Partners (http://www.humphreys.com), an urban planning, master planning and land planning firm. For 37 years, Winter Park Construction (WPC) has delivered innovative thinking and outstanding customer service to clients in the construction industry, with more than $200 million in annual revenue and 1.5 billion square feet of projects completed. WPC's credibility and capacity spans over 20,000 multifamily units, 12,000 timeshare units and 2,500 hotel rooms. WPC provides pre-construction, general contracting, construction management, and green building (LEED certified) services throughout the US. Areas of new construction and renovation specialization include student housing, senior living, multifamily, military housing, hotels and resorts, timeshares and commercial building. For more information contact Winter Park Construction at 407.644.8923 or visit www.wpc.com.
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