Lincoln Property Company Brokers New Orlando Lease for URS Corp.
- Jun 28, 2012
URS Corp.—a fully integrated engineering, construction and technical services organization—has signed a new five-year lease of 16,500 square feet of office/flex space at Discovery Lakes I in Orlando.
Located next to the University of Central Florida at 2501 Discovery Drive, the 75,279-square-foot, Class-B Discovery Lakes is part of the Central Florida Research Park. It features lake views and a parking ratio of six spaces per 1,000 square feet.
Jay Dixon, vice president, office, for Lincoln Property Company Southeast represented the landlord, Grosvenor, in the transaction, and Nick Poole of CNL represented URS Corp. “URS Corp is a great fit for this space at Discovery Lakes I,” Dixon said. “We are excited about the value the company brings to the building.”
Lincoln Property Company Southeast has been very visible in the local real estate market, signing two new long-term leases in the Lucerne Plaza—a 57,860-square-foot office building in downtown Orlando—less than three months ago with Keller Williams Realty and Berman Property. At the beginning of May, Lincoln Property Management was also assigned by GE Capital Real Estate to manage, lease and sell a 388,367-square-foot portfolio of office/flex properties in Orlando that included the six-building Airport Business Center, the seven-building Longwood Business Center, and the 80,605-square-foot North Lake Business Center.
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 4,000 people. Since its inception in 1965, Lincoln has developed over 34 million square feet of commercial office space, over 6 million square feet of specialty retail space and 49 million square feet of industrial space. Also a leader in owned and fee management, Lincoln currently manages over 125 million square feet of commercial property.
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