CNA moves into new Lake Mary building

Commercial insurance underwriter moved into 108,000 square feet at a new, speculative office building at Lake Mary’s Colonial TownPark.

The 500 TownPark building is the first such building constructed in the Lake Mary area post-recession, according to Principal Greg Morrison.

together with

delivered with

the building 135,000 square feet.

CNA moved about 600 employees from Maitland into 108,000 square feet spanning three full floors they leased for Florida regional offices.

“We anticipate that the completion of 500 TownPark will only partly mitigate the pent-up demand as tenant interest remains steady and strong economic fundamentals continue to support business expansion,” said Morrison. He noted that Orlando’s Lake Mary submarket ended the fourth quarter with a vacancy rate of 9 percent. Strand with 279 apartments and 12,000 square feet of offices at Oviedo on the Park, which has leased to

a Floridabased law firm, has leased the entire 14th floor at the 250 North building in downtown Orlando. represented the landlord, which completed $1.2 million of improvements.

Clearwater investors purchased two lots with a combined 2.5 acres at Business Center Lane, Poinciana CommerCenter West, Kissimmee, for $635,000. The group plans a one-story building with space for retail/office and a smaller, distribution center for baked goods. Broker Associate Daniel Blackford represented Atlanta-based

in its sale of the property. Jody Shirley, of reperesented the buyer.

Affiliates of Minneapolisbased developers purchased Chelsea Park apartments, with 120 units at 7325 Goldenpointe Blvd., Orlando, for $10.7 million, records show. The group renamed it Bellancia Apartments and expects to completerenovations by June. The property is near Chapel Trace, also owned by Dominium.

A group from Reno, Nev., purchased The Park at Salerno apartments with 200 units at 2100 South Conway Road, Orlando, for $19.4 million.

based in Jacksonville, partnered on the purchase. The seller was Tampa-based

The team of Senior Managing Director Cole Whitaker, Senior Director Jason Stanton, and Director Greg Rainey collaborated on the sale.