Saturday, October 18, 2008

Crescent Resources Negotiates Lease of 11,577 SF at Primera in Lake Mary, FL

LAKE MARY, FL – Crescent Resources, which is developing Primera at I-4 and Lake Mary Blvd., (bottom left aerial) has negotiated a new lease agreement for 11,577 square feet of class A office at 1000 Primera Blvd.

Ida I. Wozniak, (top right photo) CCIM vice president of leasing for Crescent Resources, LLC in Florida, negotiated the lease agreement on behalf of the landlord and owner of the building, Lake Mary-based CFE Federal Credit Union.

The new tenant is Avatar International, a firm currently based in Sanford providing quality improvement services to the healthcare industry. Bill Miller of ReMAX Central Realty represented Avatar in the transaction.

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 www.crescent-resources.com

CONTACTS:
Ida I. Wozniak, CCIM, Vice President of Leasing-Florida, Crescent Resources, LLC, 407-804-1200, iiwozniak@crescent-resources.com;

Larry Vershel or Beth Payan, Larry Vershel Communications, Inc. 407-644-4142

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