Thursday, August 21, 2008

CBRE Orlando Comletes Lease Transaction with Old Southern Bank

ORLANDO, FL- - The Orlando office of CB Richard Ellis is pleased to announce, Jorge Rodriguez, CCIM, has completed the lease transaction with Old Southern Bank, representing the landlord at Springs Plaza, 2491 W. SR 434 in Longwood, Florida.

Joe Schuemann of Blue Rock Development represented the tenant. Total consideration was $1,855,000 on a 10 year deal. The building was formerly a Fifth Third Bank location.

Newly secured tenants at Springs Plaza, to be open by the end of the year, include the Hurricane Grill, PetXpres, an upscale pet accessories and supplements, and Harmoni Market.

Newly secured tenants at Springs Plaza, to be open by the end of the year, include the Hurricane Grill, PetXpres, an upscale pet accessories and supplements, and Harmoni Market.

"We are very excited to welcome Old Southern Bank at Springs Plaza as well as Hurricane Grill, PetXpres, and Harmoni Market. All of these Tenants will benefit from the outstanding demographics in this market," said Rodriguez.

PINELOCH MANAGEMENT TO BE REPRESENTED BY CB RICHARD ELLIS

ORLANDO, FL - CB Richard Ellis, the world's leader in commercial real estate, is pleased to announce Jorge Rodriguez, (bottom right photo) CCIM of Asset Services, has been selected by Pineloch Management Company to exclusively represent their retail projects.

The Market at Southside, (top right photo) a 133,000 square feet centered anchored by Publix, located at S. Orange Ave and Michigan St in Orlando, Florida; and Southgate Mixed-Use Development, located at Pineloch St and Orange Avenue in Orlando, Florida.

"A CB Richard Ellis platform allows us to properly identify the tenant mix for both properties. Southgate's Tijuana Flats' and Publix's store at The Marketplace are top sales performer for each brand. This new account allows CB Richard Ellis to enhance its market share with quality clients and shopping centers within Central Florida," said Rodriguez.

Contact: Jorge Rodriguez, 407.404.5014, jorge.rodriguez@cbre.com

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