Adds additional 224,359 square feet of industrial, warehouse, and flex product to its Lake Mary, Orlando submarket position CLEVELAND, OHIO, May 9, 2022 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced it has completed the acquisition of SunTech Commerce Park, a six-building, 224,359± RSF Class A flex-office/light industrial park situated on 19.3± acres located at 39-59 Skyline Drive, Lake Mary, Florida. The office services/flex market for comparable product in the area is strong, with a current vacancy rate of 6.0% for competitive product, consistently outperforming the overall Orlando MSA. The Property is positioned directly on I-4 in the heart of the Tech/Industrial corridor, offering 1,333 linear feet of prime frontage on a major east-west thoroughfare, with three points of ingress/egress from Skyline Drive and one point of ingress/egress to the south from Emma Oaks Trail. It is conveniently located just 0.2 miles from Florida’s I-4…
The Park is an industrial, warehouse and flex product comprised of five buildings and located in one of Orlando’s most desirable locations CLEVELAND, OHIO, March 11, 2021 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced it has completed the acquisition of five buildings in Technology Park (“The Property”), located at 100, 200, 250, 255 & 525 Technology Parkway in Lake Mary, FL. Somerset Properties is a Co-General Partner on the transaction. The Property is the preferred location for several health care, technology, and business services tenants, many of which have demonstrated long-term loyalty to the location, and use the Property as headquarters. The 297,386 SF, five-building flex-office/light industrial facility is in one of suburban Orlando’s most desirable business-friendly submarkets. Recent leasing activity at the Property has resulted in more than 91,000 SF of new tenants over the last 12 months. The office market…