Wednesday, June 25, 2008

Cushman & Wakefield Negotiates Sale of Oak Grove in Biloxi, MS for $22M


TAMPA, FL– Cushman & Wakefield’s Florida Apartment Brokerage Services with apartment specialists in Tampa, Orlando, Ft. Lauderdale and Miami, announce the sale of Oak Grove Apartments (middle right photo) for $22,000,000.

The purchaser was JL Real Ventures. Executive Director Byron Moger (top left photo) and Director Luis Elorza negotiated the sale on behalf of the owner, National Commercial Ventures.

Oak Grove, located in Biloxi, Mississippi at 248 Debuys Road, only six miles from Gulfport-Biloxi International Airport was built in 2000. It is a 274,568 square foot, 244-unit apartment community that offers a mix of 1, 2 and 3 bedrooms. Oak Grove provides its residents a swimming pool with Jacuzzi, fitness center and covered parking.

“JL Real Ventures recognizes the opportunity in this market. They acquired an asset with tremendous upside.” said Byron Moger of Cushman & Wakefield, Inc.


In other separate leasing activity:

Cushman & Wakefield negotiated a new 16,725 square foot lease at Westshore Corporate Center (bottom right photo) with, Maxim Healthcare Services, Inc. Established in 1988 with headquarters located in Columbia, Maryland, Maxim Healthcare Services is one of the fastest growing providers of home health, medical staffing and wellness services in the healthcare industry.

Westshore Corporate Center, located at 600 North Westshore Boulevard in Tampa, Florida, is a 167,537 square foot, 12-story, class “A” suburban office building.

Mercedes Angell, Director; and Jeff Lanning, Associate (Office Brokerage) with Cushman & Wakefield, negotiated the lease on behalf of the landlord, America’s Capital Partners.


Cushman & Wakefield Negotiates Expansion of 8,930 SF at Independence Center

TAMPA , FL – Cushman & Wakefield negotiated the expansion of an additional 8,930 square feet at Independence Center with CIBER, Inc. Founded in 1974 with corporate headquarters located in Greenwood Village, Colorado, CIBER, Inc. is a publicly-traded company that provides information technology solutions for both private and government sector clients.

Independence Center is a 190,987 square foot business park located at the intersection of Independence Parkway and George Road in Tampa, Florida. Mercedes Angell, Director; and Jeff Lanning, Associate (Office Brokerage) with Cushman & Wakefield, negotiated the lease on behalf of the landlord, Denholtz Associates.

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Cushman & Wakefield Negotiates 6,500 SF Lease at First Park at Brandon

RIVERVIEW, FL– Cushman & Wakefield negotiated a new 19,940 square foot lease on behalf of First Industrial and First Park Brandon II (photo at left) for the tenant, SeniorMed LLC. SeniorMed is a nationwide institutional pharmacy that formed recently as a result of a joint venture by Walgreen Co. and Senior Health Partners LLC. They have been servicing assisted living communities for over ten years and will operate at First Park as a service center.

First Park Brandon II is a Class A office and industrial park located in Riverview, Florida.
Bill Reeves, Associate Director (Office Brokerage) with Cushman & Wakefield along with his partners Mercedes Angell, Director; and Jeff Lanning, Associate, negotiated the new lease on behalf of the landlord, First Industrial Realty Trust, Inc.


To view our current multifamily listings, please visit http://www.apartments.cushwake.com/ or

Contact:
Byron Moger, Executive Director, Cushman & Wakefield, Inc. PH: 813.204.5316 byron.moger@cushwake.com

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