LEGENDARY REALTY, LLC. ANNOUNCES RECENT COMMERCIAL TRANSACTIONS

 

Destin, FL – (June 22, 2017) – Legendary Realty, LLC. announced today their most recent commercial transactions, facilitated by Bryan Deane, CCIM, Vice President of Legendary Realty.

Two new tenants, Wealth Point Investment and Duncan McHugh Investments have leased office space in Regatta Commons, located at the entrance to Regatta Bay Golf & Yacht Club. Additionally, longstanding tenant Morgan Stanley has renewed their lease at 4458 Legendary Drive #300, Destin, FL 32541.

To the east of Regatta Commons, Deane has completed lease transactions with Dr. Perry Hight, West Richie P.A., Destin Locksmithing, and Emerald Coast Alarm. Additional leases include Metric Engineering within Old South Center and Genesis Engineering at 12598 Emerald Coast Parkway, Miramar Beach, FL 32550.

Genesis Engineering has been awarded the engineering contract by the DOT for the widening of Highway 98 starting at the Walton County line to the 30A intersection.  Metric Engineering was awarded the engineering contract for Highway 98 widening and improvements West of the Okaloosa/Walton County line.

Industrial warehouse lease transactions completed within Legendary Industrial Park include Info Depot, Ben May Designs and Sunrise Beach Service.

“We are currently seeing low vacancies in the office sector for the Destin area, especially for small spaces,” said Deane. “While, rental rates have been slow to recover to levels seen in the last decade, we have seen office rental rates and occupancy rates tick up roughly 15% this year due to very little new office building construction. That being said, rental rates still have a way to go to recover to their peak.”

Deane specializes in commercial landlord and tenant representation for retail, office and industrial properties as well as land and investment sales. To contact Deane directly, please email bdeane@legendaryinc.com or call (850) 865-8888.

About Legendary Realty, LLC.

Legendary Realty, LLC. is part of Legendary, LLC., a leading developer of property in Northwest Florida for more than 25 years. The full-service real estate company, headquartered in Destin, Florida, specializes in residential as well as commercial sales and leasing. Legendary Realty, LLC. is located in Regatta Commons at 4471 Legendary Drive. For more information, please visit www.legendaryrealty.com or call (850) 337-8000.