January 26 2009
Duke Kroeger & Co. Ends Year with $6M in Deals
as seen in the Orlando Sentinel - click for link to news article
Commercial Realtor Duke Kroeger & Co. end year with $6M in deals
| Sentinel Staff Writer
- January 26, 2009
Duke Kroeger & Co., a Maitland-based commercial-real-estate brokerage, ended 2008 on a strong note by negotiating the sale of three properties in the Orlando area for about $6 million.
Craig Duke and Cory Kroeger, founding partners of the firm they launched in 2006, said they negotiated on behalf of Crewsers Inc. in the sale of the company's 40,000-square-foot warehouse in Regency Industrial Park for $3.1 million.
Crewsers, of Birmingham, Ala., sold the building to La Rosa Del Monte, which plans to operate its international moving-and-storage business at the location. York Properties represented the buyer.
Duke and Kroeger also negotiated the sale of a former 84 Lumber warehouse in Kissimmee to Ewing Irrigation Inc. for $2.1 million. Ewing Irrigation, an Arizona-based supply company with 180 locations nationwide, added the 40,000-square-foot warehouse on Garden Street to its holdings.
Broker Wendy Rodriguez of Duke Kroeger negotiated the sale of a 4,172-square-foot office building at 1105 E. Concord St. in downtown Orlando for $775,000. The buyer was local lawyer Irvin Meyer; the seller was KDK Properties Inc.
During the fourth quarter, Duke and Kroeger also negotiated the three-year lease of a 12,000-square-foot warehouse on Central Boulevard in downtown Orlando to NAPA Auto Parts. Terms of the lease were not disclosed.
Duke and Kroeger were two of the top producers with Coldwell Banker Commercial NRT when they left that brokerage in 2006 to launch their company, specializing in office and industrial properties.