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NAI Realvest Negotiates Expansion / Renewal Leases  at The Citadel III Boosts Pentaho Corporation’s


ORLANDO, Fla. — NAI Realvest recently negotiated office lease expansion and renewal agreements with long time tenants Pentaho Corporation, Sorenson Communications and Florida Business Development Corporation at The Citadel III located at 5950 Hazeltine National Drive in east Orlando.

Mary Frances West CCIM, Vice President at NAI Realvest negotiated the transactions which included the renewal of Pentaho Corporation’s 15,427 square feet and expansion into an additional 5,063 bringing that tenant’s occupancy to 20,490 square feet. Pentaho was represented by Coughlin Commercial.

West, who represents Landlord Citadel Partners LTD of Orlando, negotiated a renewal agreement with Florida Business Development Corporation who occupies 2,141 square feet at Citadel III.

Sorenson Communications, a tenant who has been growing its operations at the Citadel, has expanded into another 824 square feet which is double the space they started out with when first launching operations eight years ago at The Citadell III. West negotiated the transaction representing the landlord, along with Matt Cichocki and Kevin O’Connor, principals at NAI Realvest.

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About NAI Realvest

NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

 

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