Ultimate acquired Giron Circle, a 49,000 square foot Small-Bay industrial facility in Kissimmee Florida. Kissimmee is considered part of Orlando and Giron Circle is in close proximity to 1-4 and the Florida Turnpike. The Property is comprised of 3 fully occupied buildings which were leased at approximately 64% of market rent with a WALT of 11 months . The acquisition was made at discount of 17% to replacement cost. Within 6 months Ultimate has repositioned many of the 17 tenants at market rent and is currently fully leased.