Retail lending giant Synchrony Financial, a subsidiary of GE, leased more than 100,000 square feet of Maitland office space that had been built by Equity Partners in 2001 for Sprint.
Also known as Retail Finance International Holdings, the group took 102,000 square feet at 965 Keller Road in a long-term lease. Jeff Sweeney, of Cushman and Wakefield, represented Synchrony. Michael Fess and Faith Pamplin, of Equity Partners, represented the California-based landlord, Darleane 2 LLC.
The space suits Synchrony's call-center needs and also could allow the lender to establish a small branch bank there, Pamplin said.
Construction
Seminole County started work on a $27 million sports complex. The planned 102-acre complex off East Lake Mary Boulevard will include a baseball stadium and fields for soccer, lacrosse, football and softball. Construction is expected to be completed in 2016. Contractors include: HKS architects and engineers, CPH civil engineers, and Wharton Smith construction.
Longwood-based Comprehensive Energy Services Inc. is starting $638,000 of heating, ventilation, air conditioning, and plumbing work at 11 new Orlando-area projects.Included are: Florida Hospital East Orlando for Barton Malow Co. of Orlando; Florida Hospital Kissimmee and Florida Hospital Kissimmee Medical Office Building for Sunrise Electric of Longwood; St. Cloud Regional Medical Center renovations directly for the med center; and Morgan & Morgan Orlando office expansion for LT Contracting Services of Orlando.
Sales
Capstone Apartment Partners brokered the sale of Sun Club Apartments in Kissimmee to Insula Capital Management for $4.5 million, or $34,615 per unit, from Averio Inc. Built in 1973, the 130-unit complex was 98 percent occupied at the time of sale. The seller was a bank that foreclosed on the property about 11/2 years ago and had addressed some of the external deferred maintenance. The buyer plans to complete external renovations, said Capstone Partner Enon Winkler. Jad Richa, Winkler, Deucie Bies and Brian Hunsicker represented the buyer.
Leases
Jeff Bloom, senior director at NAI Realvest, and associate Megan Minter brokered two leases representing St. Cloud-based Moon's Saw and Tool Inc., the landlord of Orlando Central Park. They also represented the local tenants.MIC PCB Assembly Services, a microelectronics firm, leased 6,500 square feet. Orlando Novelty leased 5,500 square feet.
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Retail lender takes former Sprint offices
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