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Flagler Closes More Than 2 Million Square Feet of Transactions in Third Quarter 2010

November 8th, 2010 · No Comments

The commercial real estate market showed positive signs today as Flagler announced its brokers closed more than 1.2 million square feet of new and renewed leases and nearly 1 million square feet of property sales through 92 transactions across Florida in the third quarter of 2010. Flagler’s third quarter figures brought the company’s year-to-date total to 5.2 million square feet of closed lease and sales transactions – nearly double the recorded portfolio for the same period last year. Here’s what Flagler’s President and CEO Jose Hevia said in a press release announcing the quarterly numbers:

“Securing such a large number of multi-year agreements across our portfolio and on behalf of our clients is a testament to our brokers’ unmatched ability to identify local market opportunities and provide customized solutions with attractive options to tenants, while creating long-lasting business relationships with owners.”

Karl Hanson, Flagler Vice President & Market Officer, North Florida, added, “Here in the Jacksonville marketplace, we have signed several long-term leases for corporate headquarters at our Deerwood business parks, which is an indicator that businesses are looking for centralized office space, as well as offices that are equipped with the latest technology and room for expansion.”

The top five transaction highlights from the third quarter of 2010 in the Jacksonville market include:

  • Adecco Group North America leased 78,292 square feet of office space at Deerwood South 200
  • NGM Insurance Co. renewed its lease for 67,694 square feet of office space at Deerwood North 300
  • KB Homes Jacksonville, Inc. renewed its lease for 16,185 square feet of office space at the Avenues Building 100
  • Randstad leased 2,670 square feet of office space at Deerwood North 100
  • Anixter, Inc. leased 2,432 square feet of office space at Flagler Center Building 400

For more information about Flagler and its Northeast Florida properties, contact Flagler brokers Ross Carrier or Gary Cox at (904) 565-4100 or visit www.flaglerdev.com. Do you have some positive real estate news you would like to share? Let us know in the comment section below.

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