Thursday, May 26, 2016

LakePark at Tradition Wins Numerous Accolades at the 2016 Treasure Coast Parade of Homes


 
Steve Svopa
Port St. Lucie, Fla.  –– Minto Communities’ master-planned community, LakePark at Tradition, received six awards for its brand new models during the 2016 Treasure Coast Parade of Homes. 

Presented by the Treasure Coast Builders Association, the event is designed to promote local builders and showcase their products including model and luxury homes.
  
Located at Tradition in Port St. Lucie, one of the “Top 10 Best Places to Retire in the U.S.” according to Portfolio.com, LakePark captures the small-town charm while offering resort-style amenities to create a vacation-inspired lifestyle. 

Pricing for LakePark’s single-family and villa homes range from the $190s to mid $200s.
  
Minto Communities won awards in the following categories:

·         Grand Award: Coral Reef
·         Grand Award: Spruce
·         Platinum Award: Coral Reef
·         Platinum Award: Spruce
·         Gold Award: Isle
·         Silver Award: Buttonwood

“It’s an honor for our new models at LakePark at Tradition to be recognized in these categories,” said Steve Svopa, vice president of Minto Communities. “Residents get to experience a one-of-a-kind community with incredible amenities right at their doorstep. Maintenance-free living at LakePark at Tradition is like being on a permanent vacation.”

 For a complete copy of the company’s news release, please contact:

Ashley Fierman, BoardroomPR

(954) 370-8999

Lincoln Harris Brokers Four Office Leases Totaling 7,215 Square Feet in Raleigh, NC


 
Kaler Walker
RALEIGH, NC — Lincoln Harris’ Raleigh office has secured office four leases totaling 7,215 square feet throughout the city of Raleigh. Additional information is below:

·      Universal Protection Services signed a 3,478-square-foot lease at 4700 Falls of Neuse Road, a 174,000-square-foot building. Kaler Walker of Lincoln Harris represented the tenant in the transaction, and Eric Forshee and JD McNeill represented the landlord, US REIF 4700 Falls North Carolina, LLC.

·      Eva Ferrell, Karen DeVane, Carolyn Lee and Natalie Corral, a set of doctors and therapists, signed a 1,087-square-foot lease renewal at Sunset Ridge II. 

The 31,332-square-foot building is located at 3921 Sunset Ridge Road. Walker represented the landlord, Velocis Sunset LP, in the transaction, and Janet Clayton of Avison Young represented the tenant.

·      Playmaker CRM signed a new 2,084-square-foot lease at Capital Bank Plaza, a building located at 333 Fayetteville St, for its Raleigh office. Walker represented the tenant in the transaction, and Robin Anders of NAI Carolantic represented the landlord, 333 Ventures LLC. The Nashville, Tennessee-based technology firm currently has five employees, and plans to triple its employees at its new office this year.

Janet Clayton
·      Kobe Steel signed a 566-square-foot lease at the 40,000-square-foot Cypress Building, located at 3117 Poplarwood Court. Walker represented the landlord, Debnam Properties LLC, in the transaction.

Through its affiliation with Lincoln Property Company, Lincoln Harris provides clients with a national platform and unparalleled institutional resources including more than 6,800 employees in 47 administrative offices across the nation.

The company manages more than 150 million square feet and last year completed more than $2 billion in real estate transactions on behalf of clients.

Lincoln Harris team members take pride in developing and implementing comprehensive national real estate programs for their clients and cultivating a sense of trust in the communities they serve and the individual transactions they service.

 For a complete copy of the company’s news release, please contact:

Savannah Durban • The Wilbert Group
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
O: 404-343-0870  • M: 404-901-4433
@SavannahDurban


Jeffrey A. Bayer Named to the International Council of Shopping Centers (ICSC) Board of Trustees


Jeffrey A. Bayer
Las Vegas,NV — The International Council of Shopping Centers (ICSC) announced the appointment of Jeffrey A. Bayer, president & CEO of Bayer Properties LLC, to its prestigious Board of Trustees.

The ICSC Board is comprised of a select group of international industry leaders who are nominated by the ICSC membership and approved by the board.

“It is a privilege to join the international leadership of ICSC,” said Bayer. “ICSC is the most influential organization in our industry and represents thought leadership and innovation. I am truly honored to sit on its Board of Trustees.”

Bayer founded Bayer Properties in Birmingham, Alabama in 1983 with the mission to create real estate environments that improve the quality of life in the communities it serves.

Since its inception, Bayer Properties has grown to become a leading national real estate firm, with a mixed-use asset portfolio of approximately 10 million square feet throughout the U.S. Bayer Properties currently owns and/or operates retail and office properties such as The Summit in Birmingham, Alabama, Mount Pleasant Towne Centre in Mount Pleasant, South Carolina and The Summit in Reno, Nevada. New developments include The Pizitz building urban revitalization project in Birmingham, Alabama, and The Summit at Fritz Farm, a mixed-use project in Lexington, Kentucky.
  
 For a complete copy of the company’s news release, please contact:

 Gayle MacIntyre, The Wilbert Group
   Tel: 404-643-8222




The GCI Guys at Re/Max Prime Properties Welcomes Orlando Magic’s New Head Coach, Frank Vogel, to Central Florida with Unique Housing Proposition


Orlando Magic Coach Frank Vogel

Lee Goldberg
Orlando, FL, May 26, 2016 – The GCI Guys, Lee Goldberg and Gary Cohl, former local TV sportscasters and radio hosts, today welcome the Orlando Magic’s newly appointed head coach, Frank Vogel, to Central Florida by offering to help him find a home for his family as they relocate from Indianapolis.

 If Vogel takes them up on their offer, the award-winning realtors vow to donate 100 percent of their commission fees to the Orlando Magic Youth Foundation, a non-profit organization dedicated to nourishing the minds and bodies of children in need.

“As longtime Orlando residents, we are huge fans of the Magic and the franchise’s ability to bring our community together. 

"We’re confident that Coach Vogel will do great things for the team and for the City of Orlando,” said Lee Goldberg, Realtor and the “G” in GCI. “Because we feel that he will have such a positive impact on our community, we want to do our part to welcome him to the area and make a charitable contribution as well.”

Gary Cohl
Prior to founding The GCI Guys in 2011, Goldberg and Cohl were local TV sportscasters immersed in the NBA culture. 

In addition to their love of basketball, the pair share a passion for helping customers buy and sell homes quickly, economically and professionally. 

Specializing in residential, investment and property management across Orange, Seminole, Lake, Volusia, Polk, Palm Beach and Broward Counties, the duo is well-equipped to help Vogel and his family purchase the perfect home. 

Any commission fees The GCI Guys at Re/Max Prime Properties would receive at closing, often in the tens of thousands of dollars for larger properties, will be donated to the Orlando Magic’s own charity, the Orlando Magic Youth Foundation.
  
“In addition to working with the best realtors in town to find a great home, this is an opportunity to make a huge charitable contribution to a charity close to the Orlando Magic’s heart,” added Gary Cohl, broker and the “C” in GCI. “Additionally, The GCI Guys are extending the same offer to any future Orlando Magic free agents or draft picks relocating to Central Florida in 2016. We hope Coach Vogel will take us up on our offer and we challenge any other realtor in the area to make the same proposal.”

For additional information about The GCI Guys, visit www.thegciguys.com
 or call (844) GCI-GUYS (424-4897). 

 For a complete copy of the company’s news release, please contact:

Melissa Landy
Uproar PR for GCI Realty
321-236-0102 x 224


‘Farm Chic’ to Distinguish the Style at The Summit at Fritz Farm in Lexington, KY

  
Jon Carloftis
  Las Vegas, NV — When The Summit at Fritz Farms opens in March 2017 in Lexington, Kentucky, it will be a reflection of this renowned city’s culture of thoroughbred horse breeding and rolling Kentucky bluegrass landscapes.

 Located on 60 acres, the $156 million mixed-use experiential development will be authentic to the history of the property and the beauty of the region.

“Fritz Farm dates back to the Revolutionary War and includes many beautiful artifacts on the property,” said Lindsay Bayer-Shipp, retail brand strategist for Bayer Properties.  “We feel responsible for honoring the heritage of this property and telling its story to a new generation of visitors and residents.”

To ensure authenticity in landscape design and truly create a sense of place, Bayer Properties engaged Jon Carloftis, an award-winning garden designer, garden writer, television guest, author, and lecturer whose work has been acclaimed in national publications such as Garden & Gun, Southern Living, Garden Design, Better Homes & Gardens and Country Living.

“Farm chic is the term we are using to describe the mood and ambiance of The Summit at Fritz Farm,” said Carloftis. “To create this contemporary interpretation of farm life we are repurposing period farm implements that were found on and near the property, as well as reusing much of the old and seasoned barn wood on interiors and for accent areas. We are even creating engravings of the barn wood that will be used to manufacture custom planters and other accent pieces around The Summit at Fritz Farm.”

Lindsay Bayer-Shipp
When complete, the landscaping will be engaging and whimsical, providing surprises and novelties to entertain and amuse visitors throughout their experience. The plush landscaping is both beautiful and practical.

Using as many native plants and trees as possible, The Summit at Fritz Farm will include a sustainable arbor of trees designed to provide drainage for a parking area as well as shade for visitors to enjoy. 

There is an organic, raised garden bed to encourage chefs and residents to grow fresh herbs and vegetables and throughout the development there will be pocket parks and other areas where people can gather, dine or enjoy a quiet moment.

“It is important to us that The Summit at Fritz Farm is purposeful in its design. The retailers that are coming to the property expect a sense of place. 

"In fact, the innovative brands we are attracting such as Bonobos, Cos Bar, Shake Shack and James Beard award-winning Chef Ouita Michel have all selected The Summit at Fritz Farm because of our commitment to offering an experience that complements their brand image.

Having Jon Carloftis on our team is another attribute that raises the bar for The Summit at Fritz Farm,” added Bayer-Shipp.

Chef Ouita Michel
 A native of Lexington, Kentucky, Carloftis’ more than 25-year career in gardening began in New York City where he established himself as one of America’s pioneers in rooftop/small space gardening. 

Carloftis has created gardens for many celebrities and well-known businesses including Julianne Moore, Edward Norton, Mike Myers and Google. 

His approach is to simply address the problem that needs correcting such as views, noise or privacy.  He then works with the interior of the space to pull the same feeling outdoors for a seamless connection. From traditional to modern, all of the gardens Carloftis builds are for entertaining and enjoying the outdoors through good design and knowledge of plants.
  
Follow The Summit at Fritz Farm on Facebook and Instagram.

For a complete copy of the company’s news release, please contact:

Gayle MacIntyre,
The Wilbert Group
Tel: 404-643-8222


Wednesday, May 25, 2016

Berkadia Brokers $24.6 Million Cash Sale of 310-Unit Multi-Family Portfolio in Southeast Orlando, FL


Cole Whitaker
ORLANDO, FL --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently completed the sale of a multi-family portfolio consisting of two apartment communities across the street from each other on Curry Ford Rd. in Southeast Orlando for $24,600,000.

Miami-based Lloyd Jones Capital, LLC is the Buyer of the properties with 310 units ranging from studio to three-bedroom apartment homes.  

Pendelton Park Villas built in 1973 with 210 units is located at 5953 Curry Ford Rd. and Carlyle Court Apartments with 100 units was built in 1970 at 5924 Curry Ford Rd.

Cole Whitaker, Managing Director, and Senior Director Hal Warren at Berkadia negotiated the transaction representing the Seller, Florida Pendelton Limited Partnership based in West Springfield, Mass. 

Both communities underwent capital improvements totaling over $1.2 million since 2012 that included curb appeal, interior upgrades, and resident experience.   Pendelton Park Villas was 97 percent occupied and Carlyle Court was 94 percent occupied at time of sale.

For a complete copy of the company’s news release, please contact:

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



Winston James Development Reports Two New Tenants Joined the Roster at Beville Road Business Center in South Daytona, FL


Winston Schwartz
South Daytona, FL – Winston-James Development, Inc. recently completed two new lease agreements totaling more than 2,350 rentable square feet at Beville Road Business Center on Beville Road just east of Nova Rd. in South Daytona.

Winston Schwartz, president of Winston-James Development, developers of Beville Road Business Center, said Wicked Cutz, a custom barber for men leased 1,200 square feet and Sappo Chocolate, a manufacturer and distributor of custom chocolates and candy leased 1,050 square feet.    
 

For a complete copy of the company’s news release, please contact:


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



Hold-Thyssen Negotiates Six Year Lease to Cosmetic and Reconstructive Surgical Firm at Phillips Place in Southwest Orlando, FL

   
Darby Hold
ORLANDO, FL  --- Hold-Thyssen, a real estate services firm headquartered in Winter Park, recently negotiated a six-year lease agreement for 2,148 rentable square feet of professional office space at Phillips Place, 7575 Dr. Phillips Blvd. in Southwest Orlando. 

Darby Hold, transaction specialist for Hold-Thyssen, Inc. brokered the transactions on behalf of the Cincinnati, Ohio-based landlord, Financial Way Realty, Inc. 

The new tenant is HZ Plastic Surgery, LLC, a team that provides cosmetic and reconstructive surgery and a commitment to its clients’ satisfaction. 

Hold also negotiated a lease extension agreement with Everest Equity Group for its 1,077 square feet at Phillips Place.

Hold-Thyssen, Inc. is the leasing and management representative for the 56,000 square foot Phillips Place.

The real estate services firm provides commercial property 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 a complete copy of the company’s news release, please contact:

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



HFF arranges $6.3 million refinancing for Clear Lake, Houston-area office complex


Susan Hill
 HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $6.3 million refinancing for Baybrook Office Park, a two-building office complex totaling 87,433 square feet in the Clear Lake, Houston-area suburb of Friendswood, Texas.

HFF worked on behalf of the borrower, Twenty Twenty Properties to secure the fixed-rate loan through LegacyTexas Bank.

Baybrook Office Park consists of a three-story main office building and an attached, one-story bank building with a drive-up ATM motor bank.  

The 90-percent-leased property features a diversified tenant roster including The University of Texas Medical Branch (UTMB), UTSI International Corporation, Bank of America and Golden Specialty, Inc. 


 Situated on a 4.8-acre site at 1550-1560 W Bay Area Boulevard, Baybrook Office Park is located just east of Interstate 45 between downtown Houston and Galveston in the Clear Lake area of southeast Houston.  

Baybrook Office Park, Clear Lakae Area,
Southeast Houston, TX
This location is adjacent to the Baybrook Mall and close to local employers such as the Port of Houston, NASA, Ellington Field and Hobby Airport.

The HFF debt placement team representing the borrower was led by senior managing director Susan Hill.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com




HFF closes sale of grocery-anchored retail center in Santa Barbara County, CA




Broadway Pavilion, Santa Maria, CA       (Photo by Patrick Tang of Take Flyt Imaging)

Gleb Lvovich
NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Broadway Pavilion, a 142,944-square-foot, grocery-anchored retail center in the Santa Barbara County community of Santa Maria, California. 

HFF marketed the property on behalf of the seller, Tourmaline Capital.  Phillips Edison Grocery Center REIT II, Inc. purchased the asset free and clear of existing debt. 

Anchored by FoodMaxx, the 94-percent-leased Broadway Pavilion is home to national and regional tenants, including Starbucks, Party City, Fitness Evolution, Subway, Round Table Pizza and Rent-A-Center. 

The center is situated on 13.1 acres at 2410-2530 South Broadway in Santa Maria, a Southern California city 64 miles north of Santa Barbara.  Located directly off State Route 135 and East McCoy Lane, one of the main thoroughfares in Santa Maria, Broadway Pavilion is visible to more than 46,000 vehicles per day.

The HFF investment sales team representing the seller was led by Gleb Lvovich and CJ Osbrink.


CJ Osbrink
“Grocery-anchored retail continues to be in high demand due to the daily needs and recession resistant nature of the tenancy,” Lvovich said.  “The HFF West Coast retail team capitalized on this demand with Broadway Pavilion commanding strong pricing for a secondary market.”

“We are pleased with this acquisition and remain focused on executing our plan of growing value by acquiring and managing grocery-anchored shopping centers,” said Hal Scudder, chief investment officer for Phillips Edison & Company.


For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com