Friday, December 11, 2009

Tower Realty Partners Close Two Lease Deals and One Sale Transaction

 Edge Information Management Takes 8,255 SF at Hibiscus Office Park

MELBOURNE,  FL– Howard Lee of Tower Realty Partners, Inc. has represented Edge Information Management in their six (6) year & six (6) month lease of 8,255 sq. ft. moving to 1680 & 1680A West Hibiscus Blvd, Melbourne, FL 32901. Steven Shull, Evans Butler Realty, Inc. represented the Landlord, Hibiscus Office LLC. Lease executed 11/09 for commencement 4/10 with a transaction value of $790,000.

Global Travel International Renews 9,882-SF Lease at Maitland Forum

MAITLAND, FL – Howard Lee of Tower Realty Partners, Inc. has represented Global Travel Information in their three (3) year lease renewal of 9,882 sq. ft. downsizing into 2600 Lake Lucien Drive, Suite 201, Maitland Blvd, Maitland, FL 32751.

Larry LoCasio, Eola Capital represented the Landlord, MFM Forum LLC. Lease executed 11/09 with a transaction value of $461,000.

6,503-SF Orlando Office Building Sold for $900,000

ORLANDO, FL – Howard Lee of Tower Realty Partners, Inc. has represented the Buyer, 1000 Magnolia LLC, in the purchase of a 6,503 sq. ft. office building located at 1000 N. Magnolia Ave., Orlando, FL 32803.

(Orlando office building skyline, bottom left photo)

Christi Davis of Morrison Commercial Real Estate represented the Seller, 113 Properties LLC. Transaction closed 12/09 for a purchase price of $900,000.

Tower Realty Partners, Inc. is a commercial real estate firm located in Maitland, Florida.

For additional information, please contact Howard Lee at 407-659-0120, ext. 108.FAX: 407-659-0667  or

RREEF Selects Transwestern to Manage Georgia Commercial Property Portfolio

ATLANTA, GA, Dec. 11, 2009-- Transwestern today announced that it has been selected by RREEF to take over the property management of 1,773,174 million square feet of its Georgia portfolio, which RREEF owns on behalf of their institutional clients.

Prior to the selection of Transwestern, the majority of the properties had been managed directly by RREEF, which is transitioning out of third party management, but will continue as the asset manager.

According to Bruce Ford, (top right photo) Transwestern’s Southeast region leader and executive vice president, “We are pleased to be awarded this prestigious portfolio. RREEF is a company we have long worked with and admired.

"We also have a common culture, so this is a natural fit for us. By partnering up on this particular portfolio assignment, we are certain we can deliver the best possible results for RREEF’s institutional clients and the building tenants.”

The transition of the portfolio to Transwestern is expected to be completed by the end of 2009.

RREEF Real Estate acquires and manages investments in commercial and residential property, and real estate securities on behalf of its institutional and private clients worldwide. Its product offering is global and comprehensive, including core, value-enhanced and high yield property investments as well as investments in publicly traded real estate securities. RREEF Real Estate has more than $53.4 billion in assets under management worldwide as of September 30, 2009.

Transwestern, one of the largest privately held commercial real estate and development firms in the U.S., is focused on creating value for our clients in each local market we serve. Please visit us at

Media Contacts:

John T. Gallagher ,713.270.3336,
Stacey Eddington,  212.250.4516,
Tony Wilbert, Wilbert News Strategies,