Wednesday, April 18, 2018

Native Realty Continues Growth with Two Key Additions; Sara Dorfman and Amanda Roy bring diverse experience to Fort Lauderdale commercial real estate firm


Amanda Roy

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale commercial real estate firm led by Jaime Sturgis, has announced the additions of real estate agents Sara Dorfman and Amanda Roy. The agents bring experience in numerous commercial real estate sectors to the firm.

Dorfman specializes in multifamily, vacant land and office leasing. Roy focuses on investment sales and leasing industrial and retail assets. Both are based in Native Realty’s Flagler Village headquarters.


Sara Dorfman
“I am thrilled to have Sara and Amanda join our growing team,” said Sturgis. “Both agents are aggressive, dedicated and extremely savvy when it comes to marketing. We continue to look for opportunities to add talented and dynamic agents who share our passion for curating emerging neighborhoods in Fort Lauderdale and throughout South Florida.”

Dorfman has four years of experience as a licensed real estate agent in Florida and 10 years of real estate experience at a family-owned business in New Jersey. She most recently worked at Coldwell Banker’s Las Olas office. Dorfman’s industry affiliations include the Miami Association of Realtors and National Association of Realtors.

Jaime Sturgis
Among Dorfman’s current listings are a triplex rental property available for sale at 1548 SW 23rd Court and an office/retail building available for lease at 621 S. Federal Highway and in Fort Lauderdale. She is also a leasing representative at Ceiba Groupe’s brand-new ID Flagler Village townhouse rental building at 113 NE Sixth St.

A Fort Lauderdale native, Roy is marketing a prime retail property at 412-416 N. Andrews Ave., across from the new All Aboard Florida station and F.A.T. Village, and the Oakland Center property at 1100 W. Oakland Park Blvd. in Wilton Manors. Both properties are available for lease.

In February, Native Realty announced the hiring of 40-year industry veteran R. Bruce “Buzz” Smith to focus on investment sales and work with corporations on relocation opportunities.

Native Realty is headquartered in Flagler Village’s the Hive – a popular complex with retail, restaurants, offices, a vintage arcade bar and yoga studio.


Bruce "Buzz" Smith
Founded in 2017 by pioneering Fort Lauderdale-based commercial real estate broker Jaime Sturgis, Native Realty specializes in leasing and investment sales in the urban core and emerging markets in South Florida.

The company’s brokers bring more than 55 years of real estate experience to the region’s market, working with all types of clients from Fortune 500 companies to small businesses.

Notable clients have included Coca-Cola, Integra Realty Resources, U.S.A. Parking and many more. Native Realty is headquartered in the heart of Fort Lauderdale’s Flagler Village at 908 N. Flagler Drive.

For more information, please contact:

Eric Kalis
Account Director, BoardroomPR
Bank of America Plaza | 1776 N Pine Island Road

           

NAI Realvest Hires Seasoned Commercial Real Estate Professional Tony Nandwani



Tony Nandwani

ORLANDO, FL --- NAI Realvest, one of central Florida’s largest commercial real estate services companies, named Tony Nandwani Investment Advisor.
Robin Webb
Robin Webb, managing director at NAI Realvest, said Nandwani has more than 15 years of commercial real estate experience specializing in all aspects of development, construction, and asset disposition in the Orlando area where he has resided over 30 years.   

Webb said Nandwani, a member of the National Association of Real Estate Investment Trusts) (NAREIT), will focus on multi-family and healthcare facilities development at NAI Realvest.   
  
For more information, please contact:
           
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com


Proper Title Adds Kimberly Wetzel as Senior Sales Representative


Kimberly Wetzel
                                                                  CHICAGO, IL – Palatine, Ill.-based Proper Title, LLC, a full-service title insurance agency serving the residential and commercial real estate industries, announced it has hired Kimberly Wetzel as a senior sales representative.

“Attorneys who have worked with Kim rely on her detail-oriented approach to all transactions and her tenacity with addressing unique situations that arise during the closing process,” said David Garside, executive vice president of title and escrow operations at Proper Title.

“Our primary goal is to provide outstanding customer service and peace of mind with every transaction, and we value Kim’s ability to form the kind of client relationships that reflect this.”

Wetzel has more than 10 years of experience in the title industry, and she has worked with a variety of clients in the Chicago area. At Proper Title, she will focus on clients located in the western suburbs. A graduate of Arizona State University, Wetzel resides in the northwest suburbs with her family.

“The expertise, efficiency and level of customer service Proper Title provides totally aligns with the way I like to work with clients, so it was a perfect fit,” said Wetzel. “I look forward to working alongside some of the best talent in the title industry.”

David Garside
Launched with just 27 employees in 2013, Proper Title has doubled its size and increased its transaction volume every year to become a major player in the title insurance business. 

It recently earned the 2017 Award for Excellence from Fidelity National Title Group, Inc., a member of the Fidelity National Financial (NYSE: FNF) family of companies and the nation’s largest group of title companies and title insurance underwriters. The award is given for meeting and exceeding specific title underwriting and settlement services criteria.



For more information, please contact:

Traci Failla, tfailla@taylorjohnson.com, (312) 267-4516
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527


NAI Realvest Names Tai Lee New Sales and Leasing Associate



Tai Lee
ORLANDO, FL --- NAI Realvest, one of central Florida’s largest commercial real estate services companies, has named Tai Lee Sales and Leasing Associate.

Robin Webb, managing director at NAI Realvest, said Lee has 11 years of experience including five years in brokerage and six in multifamily property management.  He is a graduate of Ohio State University with a Bachelor’s Degree in Consumer Science.

At NAI Realvest Lee specializes in the leasing and sales of office and industrial properties along with vacant land sales.


For more information, please contact:
           
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com


Monday, April 16, 2018

HFF announces sale and financing of Lonza Viral Therapy Facility in Pearland, TX


Lonza Viral Therapy Facility, Pearland, TX

HOUSTON, TX –– HFF announces the sale and acquisition financing of the Lonza Viral Therapy Facility, a, 276,770-square-foot biotechnology facility in Pearland, Texas.

Jeff Hollinden
The HFF team represented the seller, Pinchal & Co, and procured the buyer, Zeller Realty Group (ZRG).  Additionally, HFF worked on behalf of ZRG to secure the fixed-rate acquisition loan through Bank of Texas.   

Completed in the fourth quarter 2017, the Lonza Viral Therapy Facility is fully-leased on a long-term, triple net basis to Lonza America, Inc., a wholly owned subsidiary of Lonza Group AG, a leading Swiss biotechnology and pharmaceutical company. 

The property is touted as the world’s largest cell and gene therapy facility housing office space, a process development unit, quality control laboratories, a fully segregated fill/finish suite and independent modular cleanrooms designed to manufacture cell therapy products. 

The facility is situated on 11.01 acres at 14905 Kirby Drive in Pearland’s rapidly growing Lower Kirby Urban District.  The Lower Kirby Urban District is a 1,200-acre site that seeks to become a primary life science destination building upon its location at the intersection of Beltway 8 and State Highway 288, just eight miles south of the Texas Medical Center, the largest medical district in the world.
Cameron Cureton

HFF’s investment advisory and debt placement teams included senior managing director Jeff Hollinden and senior director Cameron Cureton.

Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.

 For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990



HFF announces $23.51M sale of Preston Ridge I in Alpharetta, GA


Preston Ridge 1, Alpharetta, GA

  

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $23.51 million sale of Preston Ridge I, a 148,355-square-foot, Class A suburban office building in the Atlanta-area community of Alpharetta, Georgia.

The HFF team marketed the property on behalf of the seller, Barings Real Estate, part of Barings LLC, on behalf of an institutional investor, and procured the buyer, The Simpson Organization. 

Pam Bonham
“Investors are attracted to the strong recovery occurring in the Alpharetta office submarket,” said Pam Boneham, Regional Director-Central Region, Barings.  “HFF produced an attractive list of potential buyers while achieving robust pricing for this asset, which was one of the final properties being sold in a closed end fund.”

Preston Ridge I is located at 3655 North Point Parkway in Atlanta’s North Fulton submarket.  This location is just east of Georgia 400 and within a mile of Avalon, a mixed-use development providing an abundant amenity base, including retail, restaurants and a movie theater.  

Ralph Smalley
The six-story building was developed in 1997 and features 25,000-square-foot floorplates, a circular entrance lobby and parking for more than 590 vehicles. 

The HFF investment advisory team representing the seller consisted of managing director Ralph Smalley.

 For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990

Sunday, April 15, 2018

Berger Commercial Realty Closes $2.15 Million Sale of North Fort Lauderdale Warehouse



Keith Graves
FORT LAUDERDALE, FL  – Berger Commercial Realty/CORFAC International Senior Vice President Keith Graves recently represented Tires, LTD, LLC in the $2.15 million sale of 5470 N.W. 10th Terrace to Sand & Steel Properties, LLC. 

The property consists of a 31,517-square-foot, free-standing industrial warehouse situated on a 1.25-acre lot.

Sand & Steel Properties plans to utilize the property for its business operations.

Located just west of Powerline Road midway between Cypress Creek Road and Commercial Boulevard, the property is adjacent to Fort Lauderdale Executive Airport and Lockhart Stadium. It features six dock-high loading doors, up to 18 feet of clear ceiling height and convenient access to I-95, Florida’s Turnpike and the Sawgrass Expressway.

In the transaction, Sand & Steel Properties was represented by Tom Robertson of CRE Florida Partners. 

For more information, please contact:


 954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com



Levin Johnston Directs Rare Multifamily Trade in Highly-Coveted Palo Alto, CA Market

            
Villa Sierra Apartments, Palo Alto, CA

            Palo Alto, CA – Levin Johnston, one of the top 10 multifamily brokerage teams in the U.S., has directed the sale of Villa Sierra Apartments, a multifamily community located in the ultra-exclusive Palo Alto market.
        The property is located at 801 Middlefield Road in Palo Alto, California and was sold for $8,450,000.

Adam Levin
Levin Johnston represented both the seller, an international owner, as well as the buyer, a private local investor, in the transaction.
            “It is extremely rare for a multifamily property in this high-performing market to become available,” says Adam Levin, Senior Managing Director of Levin Johnston.  “The Palo Alto submarket is exceptional in its long-term performance. Further, throughout the Silicon Valley, properties near corporate campuses or transportation routes remain attractive to investors, prompting cap rates in the low 4-percent range.”
            The seller, an entity that is based outside of the U.S. and on the East Coast, owned and operated the property for more than 30 years and sought out the Levin Johnston team to exclusively market and direct this transaction based on the team’s consistent track record and deep knowledge of the local marketing, according to Levin.
            “We were able to quickly identify a buyer that recognized the pride of ownership that accompanies owning in this exclusive submarket,” says Robert Johnston, Senior Vice President of Levin Johnston.  “To further increase the value of the asset, the buyer intends to implement major renovations to every unit.  Upgrades will occur as leases roll over and expire as to not disturb or displace current residents.”

Robert Johnston
The 12-unit apartment community is located in the downtown region of Palo Alto with shopping, dining and major transportation corridors nearby and Stanford University just under two miles away.
“The asset is situated in the heart of Silicon Valley, near several of the country’s top tech employers,” says Johnston. “The property is nearly 100% occupied and will remain a valuable investment for our Client due to the strong employment fundamentals and high multifamily occupancy rates in the area.” 

Levin Johnston is part of Marcus & Millichap’s Palo Alto office.

For more information, please contact:

Jordan Kruk / Jenn Quader 
Brower Group
(949) 955-7940
 

NAIOP South Florida Celebrates 2018 Awards of Excellence Winners

S
  

NAIOP South Florida Board of Directors President Heidi Davis Knapik of Gunster (left) and Laurel Oswald of Tower Commercial Real Estate


NAIOP South Florida Celebrates 2018 Awards of Excellence Winners

FORT LAUDERDALE, FL – NAIOP South Florida, a Commercial Real Estate Development Organization, recently recognized the winners of its 2018 Awards of Excellence, highlighting the individuals and companies whose achievements have contributed to the local commercial real estate industry, benefitted the regional business environment and facilitated economic growth.

 “The participation and support from our membership for this year’s Awards of Excellence is unparalleled,” said NAIOP South Florida Executive Director Jules R. Morgan.

Jules R. Morgan
 “From the leadership of our amazing board and committee members to the involvement of our dedicated volunteers, we could not have asked for a better Awards of Excellence. It was truly a celebration of the individuals who have made South Florida one of the economic frontrunners in our country.”

 The categories and winners of the 2018 Awards of Excellence are:

 Sale of the Year by Owner/User: Apotex's Acquisition of IDI's Miramar Building, CBRE and Cushman & Wakefield

Member of the Year recipient Susan Imbrigiotta of City National Bank (left) and NAIOP South Florida Executive Director Jules Morgan

Institutional Sale of the Year: Amaray Las Olas, Stiles

Private Sale of the Year: Opa-Locka/Hialeah Flea Market Portfolio, Avison Young

Industrial Lease Transaction of the Year: US AutoForce Lease at Bridge Point I-95, CBRE

Office Lease Transaction of the Year: Florida Blue at Doral Court, Cushman & Wakefield

From left: David Siegel of Stiles, Darcie Lunsford of Butters Realty, Jessica Abramson of Stiles and Madelayne Garcia of Stiles
Economic Impact Deal of the Year: Carrie Meek International Business Park, CBRE/Land Solutions Consulting

Industrial Broker Team of the Year: Cushman & Wakefield team of Richard Etner, Matthew McAllister, Christopher Metzger and Christopher Thomson

Brian DePotter of FirstPointe Advisors and Annette Aravena of CPM Services

Capital Markets Broker Team of the Year: Marcus & Millichap team of Elon Gerberg, Tyler Kuhlman, Doug Mandel, Ben Silver

Office Broker Team of the Year: Tower Commercial Real Estate team of Jon Blunk, Mike Erickson, Cristina Glaria, Laurel Oswald

Broker of the Year: Tony Hoover of CBRE

Rookie of the Year: Elon D. Gerberg of Marcus & Millichap

Project of the Year: Bridge Point Crossroads, Bridge Development Partners

Developer of the Year: Butters Construction & Development

Member of the Year: Susan Imbrigiotta of City National Bank

Terry Stiles



Additionally, NAIOP South Florida honored the legacy of commercial real estate giant Terry Stiles. Through more than four decades of leadership, Stiles led the transformation of downtown Fort Lauderdale and helped position Broward County as one of the most desirable locations for business, culture and living.

He was a member of NAIOP South Florida for more than 35 years and served as the chapter’s president from 1982 to 1984 and as national chairman in 1998, leading the executive committee and spearheading development initiatives that benefitted chapters across the country. For his efforts, he was awarded the illustrious NAIOP Lifetime Achievement Award in 2000.

In recognition of Stiles’ pivotal work and a lifetime of achievements, NAIOP South Florida donated to Nova Southeastern University’s campaign to create the Terry Stiles School of Real Estate Development, a master’s degree program at NSU’s H. Wayne Huizenga College of Business and Entrepreneurship. 

Funds from this campaign also will allow worthy students to complete their studies by providing scholarships in Terry’s name.

NAIOP is a commercial real estate development organization. It provides strong advocacy, education and business networking opportunities and connects its members through a powerful North American network.

For more information, please contact:

 954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255