This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Wyndham Vacation Ownership And Lexington Realty Trust Announce New Lease At Sea Harbor Office Center In Orlando, Fla

Stocks in this article: LXPWYN

 

ORLANDO, Fla., and NEW YORK, Jan. 6, 2012 /PRNewswire/ -- Wyndham Vacation Ownership (WVO), a member of the Wyndham Worldwide family of companies (NYSE:WYN), and Lexington Realty Trust (NYSE:LXP) announced today that Wyndham Vacation Ownership has leased, with a 12-year term, more than 230,000 square feet of space at Sea Harbor Office Center, which is located at 6277 Sea Harbor Drive in Orlando, Fla., and owned by an affiliate of Lexington Realty Trust.    

(Logo:  http://photos.prnewswire.com/prnh/20070205/LAM022LOGO)

Sea Harbor Office Center consists of an eight-story office building containing approximately 356,000 rentable square feet and a five-story parking garage; it is anticipated WVO will occupy six floors of the building.  Sea Harbor Office Center is a premier class "A" office facility, which will include a fitness center, a renovated, full-service cafeteria with outdoor seating and other first-class amenities.

 

While WVO is currently developing the construction and occupancy timelines and other unique workspace requirements, the new building will allow WVO to redesign its Orlando campus environment and consolidate all of its associates into one single location. It is also anticipated that the move will enable WVO to increase efficiencies, and support the culture and its core values including a strong commitment to sustainability and responsible environmental practices. WVO will seek LEED Gold Certification, having previously achieved LEED Silver Certification here in Orlando.

T. Wilson Eglin, Chief Executive Officer and President of Lexington, remarked "We are pleased to welcome such a high quality tenant such as Wyndham Vacation Ownership to Sea Harbor Office Center.  In conjunction with this lease execution, we will be commencing a comprehensive renovation of Sea Harbor Office Center consisting of a new, energy efficient HVAC system, new entry canopy and lobby, new bathrooms/core areas for every floor, enhanced access from Sea Harbor Drive, new monument signs and enhanced landscaping.  This lease represents another significant achievement for Lexington in repositioning a building that was previously 100% leased to a single tenant."

 

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs