Wednesday, April 9, 2008

Crescent Resources Negotiates New Lease Agreement for 6,800 SF of Office Space in Lake Mary



LAKE MARY, FL-– Crescent Resources, which is developing Primera at I-4 and Lake Mary Blvd., has negotiated a new lease agreement for 6,857 square feet of Class A office space at 1000 Primera Blvd. in Lake Mary.
(Aerial photo above of the Primera development)

Ida W. Rood, (photo top right) CCIM, senior vice president of leasing for Crescent Resources, LLC in Florida, negotiated the lease agreement on behalf of the landlord, CFE Federal Credit Union. The new tenant, H2 Diesel, a manufacturer of alternative energy sources for power generation, plans to relocate its corporate headquarters from Houston. Jim Snodgrass of Southern Exposure Realty participated in the transaction representing H2 Diesel.

Rood also negotiated a lease renewal for 6,846 square feet of office space in the Primera Five building (photo at left) representing the landlord America’s Capital Partners/Utah II, LLC, based in Boca Raton. Cliff Stein of Tower Realty represented the tenant, United Systems Software, Inc. in the transaction.

For more information, please contact:

Ida W. Rood, CCIM, Crescent Resources LLC 407-472-3383 iwrood@crescent-resources.com
Whit Duncan, Crescent Resources, LLC 407-804-1200 rwduncan@crescent-resources.com
Larry Vershel or Beth Payan, LV Communications, Inc. 407-644-4142 (Fax 644-4410)

About Crescent Resources LLC
Crescent Resources is a joint venture between Duke Energy and Morgan Stanley Real Estate Fund. Crescent’s formation in 1969 to its position today as a real estate force in the Southeast and Southwest remains a dominant development and land management company comprised of dedicated people with uncompromising integrity.


More information about Crescent Resources is available on the Internet at http://www.crescent-resources.com/

No comments: