Wednesday, June 20, 2018

NAI Realvest Signs Up Three New Professional Office Tenants at Lee World Center in Winter Park, FL

Jeff Bloom


ORLANDO, FL --- NAI Realvest recently closed three new professional office leases totaling more than 3,380 rentable square feet at Lee World Center, 1850 Lee Rd. in Winter Park.


Jeff Bloom CCIM, vice president at NAI Realvest, represented Landlord Pan Coastal LTD, Partnership of Orlando in all three transactions.

Lief Erickson
Dr. Laura Rampil DO, PA leased 2,073 square feet to open a new location for her osteopathic wellness center.  Lief Erickson of Winter Park Land Co. represented the tenant. 

At the same time, Bloom brokered lease agreements for 866 square feet to Sellati & Company, Inc. a rehab and mental health practice expanding into Central Florida and 441 square feet to rolfing therapist Robyn D. Martin.

For more information,  please contact:

Beth Payan, Larry Vershel Communications,
407-644-4142 Lvershelco@aol.com


Hold-Thyssen Completes Four Leases at Apopka Commerce Center in Apopka, FL


Alex Rowlinson

APOPKA, FL – Hold-Thyssen, Inc. a full service commercial real estate firm headquartered in Winter Park, recently completed four commercial flex leases totaling 12,338 rentable square feet at the Apopka Commerce Center.

The Hold-Thyssen team of Alex Rowlinson and Troy Stevens negotiated the transactions representing the South Florida-based landlord of the 98,000 square foot industrial park off of Bradshaw Rd. in Apopka.  

  “These four tenants bring Hold-Thyssen’s total to nine lease agreements completed at the center in 2018.

At 970 Ocoee Apopka Rd. Apollo Electrical Services, Inc. leased 1,866 square feet and Barracuda Building Corp. renewed its lease of 1,872 square feet;

Troy Stevens
At 535 Cooper Commerce Blvd., Kingdom Painting leased 6,400 square feet and Special Ops Tactical renewed its lease of 2,200 square feet.

Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  

The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.


For more information, please contact:

Beth Payan, Larry Vershel Communications,
407-644-4142 Lvershelco@aol.com


NAI Realvest Closes Three New Office Leases at South Park Business Center in Orlando, FL


 
Tom R. Kelley II
 ORLANDO, FL – NAI Realvest completed three multi-year office leases at South Park Business Center, 8600 Commodity Circle in Orlando.   

 A labor resource business, a hospitality management firm and a HVAC contractor are the new tenants occupying 6,000 rentable square feet.  

Tom R. Kelley, II, CCIM, principal NAI Realvest brokered the transactions on behalf of the Miami-based landlord South Park, LLC.   New tenants and the space leased include:  Your Labor ManagementLLC, 2,239 square feet; Both Millenium Management Corp. and Stuart-based Coastline Cooling, LLC 1,830 square feet.   

For more information,  please contact:

Beth Payan, Larry Vershel Communications,
407-644-4142 Lvershelco@aol.com


SugarOak and Harbert Buy 2450 Maitland Center Parkway in Maitland, FL


2450 Maitland Center Parkway, Maitland, FL

 ORLANDO, FL –  SugarOak and Harbert Realty Services announced the purchase of 2450 Maitland Center Parkway located in the heart of Maitland Center.

This nicely appointed three-story office building totals approximately 40,000 square feet.  New ownership will be making some interior upgrades to the building, modernizing the lobby and improving the overall look of the property. 

The leasing & management team plans to re-introduce this asset to the market immediately with improved positioning and unique marketing and advertising initiatives.

Josh Smith, Vice President & Managing Director for Harbert Realty’s Orlando office, said he is “excited to be working with SugarOak to improve the asset’s standing in the market and within the brokerage community. 

Josh Smith
"The building has always appealed to the market but never had the tools for successful deal-making. Working with SugarOak to change the face of the property and the outlook within the market is a special opportunity.

"SugarOak and Harbert have a great track record in this market. This property will finally be well positioned to compete for deals and increase occupancy. ”

Andy Walsh, Director of Leasing for Sugar Oak said, “This is a beautiful asset that we are proud to have in our portfolio.  We love working in this market and it has always proved to be successful for us. 

"We are looking forward to continuing that trend in stabilizing this asset as we reintroduce and reposition the building in the marketplace”

SugarOak and Harbert Realty Services presents 2450 Maitland Center Parkway with competitive rates, amicable lease terms and tenant improvement packages in concurrency. 

 The property is nestled in the middle of the Maitland Center Office Parkand offers high-end finishes, fiber optics, backup generator, covered parking, building and monument signage and the opportunity for full floor occupancy. 

The property has convenient access to Interstate-4 and Maitland Boulevard. 

For more information, please contact:

Buffy Gillette with Harbert Realty Services at 407-377-4043

HFF announces $18.85 million in financing for 370 Interlocken Boulevard in Broomfield, CO



370 Interlocken Boulevard, Broomfield, CO

Leon McBroom
 DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces $18.85 million in financing for 370 Interlocken Boulevard, a 150,656-square-foot, Class A office building in the northwest Denver suburb of Broomfield, Colorado. 

The HFF team worked on behalf of the borrower, Equus Investment Partnership XI, L.P., the latest fully discretionary equity fund managed by Equus Capital Partners, Ltd. (Equus), to secure the seven-year, fixed-rate loan through Guggenheim Partners.  Loan proceeds were used to acquire the property.  

370 Interlocken Boulevard is situated within Interlocken Business Park along U.S. 36, the only highway between Boulder and Denver.  Positioned equidistant between downtown Denver and Boulder, the property is also proximate to Denver International Airport, Flatiron Crossing Mall and Flatiron Marketplace. 

Eric Tupler
Completed in 1998 and renovated in 2017, the six-story building features a two-story lobby with a fireplace, touchscreen directory, Wi-Fi access, a fitness center with showers and lockers, a high-end tenant lounge and a bike storage center, along with flexible floorplates that allow for panoramic mountain views.  

The 94-percent-leased office property is home to tenants, including Stantec, CliftonLarsonAllen and New York Life Insurance Company.

The HFF debt placement team representing the borrower consisted of director Leon McBroom and senior managing director Eric Tupler.

For more information, please contact:

 KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com



Hair Club for Men Set to Anchor Newly Renovated Palmetto Place @ Boca Raton


Palmetto Place @ Boca Raton, FL

Mark Corlew
BOCA RATON, FL – Boca Raton’s newest Class A office building has executed a long-term lease with Hair Club for Men, Ltd., Inc.  to be its new anchor tenant.

The global hair restoration and replacement giant will relocate its corporate offices into 23,130 square feet at Palmetto Place @ Boca Raton, which sits at the I-95 interchange on Palmetto Park Road.

The newly reimagined 88,000 square-foot office project, the brainchild of veteran office owners and operators Grover Corlew, is undergoing a multi-million renovation and reposition as an upscale office asset at the gateway to downtown Boca Raton.

“We are so pleased to have a well-respected global company like Hair Club for Men make Palmetto Place @ Boca Raton its headquarters location,” said Partner Mark Corlew. “Our strategic renewal of this well-situated and carefully designed property has garnered overwhelming interest from the business community.”

Darcie Lunsford

The office building features a new contemporary sunlit lobby, redesigned bathroom and common areas, and state-of-the-art elevators and mechanical systems.  All new tenant packages include high-end interior buildouts, offices with floor-to-ceiling windows, a planned amenity package and access to a 5:1000 structured parking garage.

Darcie Lunsford, senior vice president of Butters Realty & Management, represented the landlord in the transaction. Robert Listokin, executive vice president of Colliers, represented the tenant.

Grover Corlew acquired the existing building at 1499 W. Palmetto Park Road in 2016 for its prime, bird’s-eye location to I-95, Glades Road corridor and downtown Boca Raton with a plan to heavily invest and transform it into a state-of-the-art corporate midrise.

Robert Listokin
The strategy has paid off attracting top national firms to its growing tenant roster, including Gilbane Building Company, one of the country’s largest privately held companies and tech giant Texas Instruments.

Pompano Beach-based Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. 

For more information on leasing at Palmetto Place @ Boca Raton, contact Darcie Lunsford, Butters Realty & Management at 954.312.2435.

For more information on this transaction, please contact: 

Samantha Van Nuys
Pierson Grant Public Relations
6301 Northwest 5th Way, Suite 2600
Fort Lauderdale, FL  33309
P: (954) 776-1999  ext. 115
F: (954) 776-0290
svannuys@piersongrant.com
piersongrant.com                              


First SCP Hotel to Open in Colorado Springs, CO Following Nine-Month, $6 Million Transformation


Soul Community Planet's First Hotel in Colorado Springs, CO

Ken Cruse
Colorado Springs, CO – Soul Community Planet (SCP) announced today the opening of its first SCP Hotel in Colorado Springs after a nine-month, $6 million renovation.

The 98,000 square-foot, 176-room property, located at the base of the majestic Pikes Peak, is in its final stages of renovation with a soft opening scheduled for June 27. Guests can begin booking their reservations now.

SCP Hotels represents a fresh holistic hospitality concept for both travelers and the surrounding community. Inside each SCP Hotel, guests will find opportunities to recharge their minds, refresh their bodies and re-center their souls, while connecting with fellow travelers and the community.

SCP Hotels aims to help make the planet a better place through the extensive use of green materials, eco-friendly products, solar energy, sustainable practices and water conserving fixtures.

“We’re pleased to introduce SCP Hotels with the opening of the SCP Hotel Colorado Springs,” said Ken Cruse, co-founder and chief executive officer of Soul Community Planet.

 “SCP Hotels represent the core values of holistic hospitality: personal wellness (Soul), social connections (Community) and sustainable practices (Planet). Our goal is to provide simple, pure, hand- crafted experiences for people who want to make positive choices for themselves and for the planet.”

Led by celebrity designer Kelli Ellis of HGTV and The Design Network, the renovation took an outmoded, but well-located hotel down to its bones, and then used eco-friendly and recycled materials to extensively transform the property into what is now the new SCP Hotel Colorado Springs.

Kelli Ellis

The hotel’s clean “eco-industrial” design includes generous collaborative spaces for guests and community to work, socialize and meet.

The SCP Hotel Colorado Springs also offers the first SCP Fit - a 12,000 square-foot state-of-the-art health and wellness venue, which will open this Summer. It all comes together to create a guest experience where those committed to a clean, healthful and sustainable lifestyle will feel right at home.

“My goal was to create an edgy, cool vibe with this property that will resonate as a gathering place for guests, as well as the local community,” said Ellis. “The interiors are accented with industrial ceilings, hand painted murals and subtle metallic elements. The use of reclaimed wood, living green walls, exposed brick, soft lighting and polished concrete create an earthy, eco-industrial feel throughout that we’re really proud of.”

Gus Krimm
Gus Krimm, SCP Hotel Colorado Springs General Manager, added, “We approached the renovation through a holistic lens. Instead of tearing down and rebuilding, we sought ways to use the basic infrastructure of the existing hotel while incorporating a range of innovative, sustainable and non-toxic materials in our renovation.

"Our goal was to bring guests an experience where they can rest and refresh in a healthy environment, connect with community, and make a positive difference for the planet.”

Through its parent company, Soul Community Planet, LLC, SCP Hotels also will donate five percent of its profits to charitable causes that share its values.

For more information, please contact:

Samantha Kay ·  Account Coordinator 
O 949 955 7940 
Brower Group, Inc.
The Smart Agency™ for Smart Clients who want Smart Work
895 Dove Street, Third Floor · Newport Beach, CA 92660

or

Jenn Quader 
Brower Group
(949) 955-7940


Meridian Sells 104,000 SF Multi-Tenant Office Building in San Mateo County, CA for $39.5 Million


Multi-tenant 104,000-SF Office Building, 1000 Marine Boulevard, Brisbane, CA
John Moutsanas

SAN RAMON, CA. -- Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the sale of its 104,000-square-foot multi-tenant office building located on 1000 Marina Boulevard in Brisbane, California.

The sale price was $39.5 million in an off-market transaction. The buyer was Phase 3 Real Estate Partners of South San Francisco and San Diego.

Meridian acquired the six-story building, which was built in 1983 on four and one-half acres, in December of 2016. 
At the time of the acquisition, the building was 92% leased to seven tenants and the in-place rents were approximately 25% below the current market rents.
 During its ownership, Meridian performed over $2.5 million in property upgrades to the interiors, exteriors and building systems of the building. 
John Pollock
According to Meridian’s Senior Vice President, John Moutsanas, “This was Meridian’s largest general office acquisition at the time. 

"We were big believers in the resurgence of the North San Mateo County market, particularly due to the explosion in life science demand, coupled with YouTube’s large presence and expanding footprint in San Bruno. Our strategy proved out.”

Moutsanas continues, “We had certainly planned to hold the building longer and roll our own rents to the increasing market, but our brokers did a great job of alerting us to an opportunity to sell the property to a more life science-centric developer who would be well-suited to reposition the building -- which is what they did.

"Phase 3 Real Estate Partners was wonderful to work with; they were responsive and really knew their business. Their development of the Genesis Towers just down the 101 from this building gave them the insight to sharpen their pencils and make a quick decision.”

CBRE’s Northern California Capital Markets team represented both the buyer and the seller in the transaction.

“Meridian has a healthy pipeline with multiple projects currently in escrow and several completed projects listed for sale in our healthcare business platform,” said John Pollock, Meridian’s CEO.

“With approximately 500,000 square feet currently in development/redevelopment, plus another 500,000 square feet in the development pipeline, we are still looking for more. We really have an appetite for land and buildings where we can bring our expertise to bear and create value.”   

For more information, please contact:


Anne Monaghan
MONAGHAN COMMUNICATIONS, INC.
anne@MonaghanPR.com
830.997.0963





Core5 Industrial Partners Leases 416,891 Square Feet to VMInnovations in Core5 Logistics Center at Wintergreen in South Dallas Market

 
Wintergreen Building, South Dallas, TX
  
John Leinbaugh
ATLANTA, GA  – Core5 Industrial Partners announced today a 416,891-square-foot lease in their Core5 Logistics Center at Wintergreen location in South Dallas to VMInnovations, an online retailer that sells a variety of brand-name products in categories including baby and kids, home and garden, sports and outdoors, and electronics. 

The company’s new South Dallas location will provide order fulfillment to locations across the South.

Core5 Logistics Center at Wintergreen is located on a 43-acre site in Hutchins, Texas ½ mile from the intersection of Wintergreen Road and I-45. The 754,897-square-foot building has 337,406 square feet remaining available for lease. The VMInnovations lease is the first Core5 lease in the Dallas market.

James Gaddy
“With immediate gateway access to north and south bound travel, the site has excellent access to the DFW metro’s major thoroughfares I-45, I-20 and I-35E which are used for both local and regional distribution,” states John Leinbaugh, Vice President Investments for Core5.

The configuration of the Core5 Logistics at Wintergreen building features 36-foot clear ceiling height and will accommodate parking for over 211 trailers and 360 auto parking spaces. 

“The site is perfectly situated for VMInnovations to efficiently service customers in the southern network with the Union Pacific Intermodal 1 ½ miles away and the second largest FedEx Ground facility in the US 2 ¾ miles away,” acknowledged James Gaddy, Senior Vice President and Managing Director for Core5.

Mark Collins
“Our direct-to-consumer deliveries and the built-in nearby delivery services network will significantly benefit from the site location,” offers Zach Knaub for VMInnovations. “Core5’s nimble ability to deliver the building quickly in turn allows us to ramp up without delay”, Knaub added. The tenant is expected to occupy the space in August.

VMInnovations was represented by Mark Collins and Adam Campbell of Cushman & Wakefield. Matt Elliot of NAI Robert Lynn represented Core5.

Core5 Industrial Partners is an industrial real estate property company with expertise in development and acquisition of innovative, Class-A properties located in major markets throughout the United States. 

Adam Campbell
Headquartered in Atlanta, Georgia, Core5 currently has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Dallas, Los Angeles/Inland Empire, Memphis, Pennsylvania and South Florida with expansion plans to additional key logistic hubs in the US. 

The company has developed or begun construction on just under 10 million square feet in three years.

Founded in 2015 and well capitalized with immediate access to their own capital, Core5 is privately held by 170-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with 16,422 employees worldwide.

 Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making.

For more information on Core5 Industrial Partners, visit http://www.idi.com.

VMInnovations is an online retailer based in Lincoln, NE, with fulfillment centers across the US. The company is committed to providing customers with the best products, at the lowest prices, with the highest level of customer service possible. 

For more information, visit www.vminnovations.com. or contact:

John Leinbaugh
Core5 Industrial Partners
214.534.7899

 or

RITA SKAGGS

RED DART Real Estate Consulting
404.788.3231