Thursday, August 11, 2011

NAI Realvest Negotiates Three Long-term Leases Totaling Over 23,000 Square Feet at Kissimmee Shopping Center

ORLANDO, Fla. – NAI Realvest recently negotiated one renewal and two new long-term lease agreements totaling 23,014 square feet at Kissimmee Shopping Center on Old Vineland Road in Kissimmee. Kissimmee Shopping Center is managed by SugarOak Managment Services.
Paul P. Partyka, managing partner at NAI Realvest brokered all three transactions representing the landlord, Herndon, Va.-based KVOS, LLC.
Bealls Outlet Center renewed its lease of 15,686 square feet at 2523 Old Vineland Rd. for five years. “The significant growth Bealls experienced over the past three years at this location was the deciding factor on its extension of the lease for five more years,” Partyka said.
Kissimmee-based Jerr-a-bel’s Bridal, in an expansion move from the Poinciana area, signed a seven-year lease for 3,197 square feet at 2547 Old Vineland Rd. in the Kissimmee Shopping Center.
And at 2549 Old Vineland Rd. in the same center, the Tabernacula Nuevo Comienco church leased 4,138 square feet for three years. “Tabernacula headed by Pastor Hector Mundo is expanding its space, relocating from a smaller location to accommodate the growing congregation,” said Partyka.
SugarOak is a full service real estate company offering investment, management, and construction services across multiple property types. Headquartered in Herndon, Virginia, SugarOak has ownership interests and management portfolios across the US and Canada