Tuesday, March 9, 2010
TAMPA,, FL – Mar. 9, 2010 – Cushman & Wakefield has successfully negotiated the sale of University Park, located in Tampa, Florida near the University of South Florida, for $12 million.
University Park includes three single story garden office buildings totaling 99,234 square feet. The Property was 100% occupied at the time of sale.
Mike Davis (Executive Director, Capital Markets) and Rick Brugge (bottom left photo), CCIM (Associate Director, Capital Markets) of C&W negotiated the sale on behalf of the seller, Arthur Hill & Company. The buyer was ESJ Capital Partners.
Contact: Marcianne Foster, 813-204-5345, Marcianne.Foster@cushwake.com
LONGWOOD, FL— D & A Building Services Inc., a leading facility maintenance provider, is pleased to announce that Daniel T. O’Connell (top right photo) has joined the Company as a Central Florida Branch Manager.
O’Connell has more than twenty years of experience in sales, management and customer development. He earned a Master of Business Administration in Marketing from Babson College, Wellesley, Mass., and a Bachelor of Arts in Humanities from Providence College in Providence, R.I.
O’Connell was previously Director of Empowerment at KYAW Academic and Empowerment Center in Sanford, Fla.
PR Contact: Elaine Ingra, (407) 384-1344 email@example.com
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.75 percent.
The loan was originated by Ronen Abergel, (top right photo) Director, in Arbor’s full-service New York, NY lending office. “This was a new borrower for Arbor, and we look forward to growing this relationship and partnering with them on future projects,” said Abergel.
Contact: Ingrid Principe, Iprimcipe@arbor.com
Steve Wood, (top right photo) Company Chief Operating Officer, along with Tony Castrignano of Sky Mesa Capital, financed McCarran Buildings D1 and D2 through Thomas D. Wood and Company’s correspondent relationship with Symetra Financial in the amount of $2,375,000.
The interest rate is fixed at 7.25% for a ten-year term, based on a 25-year amortization and a loan-to-value of 65%. The 27,734 square-foot office was built in 1990.
Together they also financed McCarran Building F through Symetra Financial in the amount of $875,000. The interest rate is fixed at 7.25% for a ten-year term, based on a 25-year amortization and a loan-to-value of 45%. The 11,426 office was built in 1991.
For further information, please contact:
Steve Wood (305) 447-7820 firstname.lastname@example.org
Jessica Kinnee (407) 937-0470 email@example.com
Apartment Realty Advisors Facilitates Sale of 248-Unit Fractured Condominium Property in Boca Raton, FL
The transaction was arranged by ARA Florida’s Boca Raton-based team of Hampton Beebe (top right photo), Avery Klann (middle left photo) and Marc deBaptiste (bottom right photo).
Contacts: Marti Zenor, Amy Holland or Lisa Robinson, (561) 988-8800 ext. 112, (404) 495-7300
firstname.lastname@example.org, aholland@ARAusa.com, lrobinson@ARAusa.com
ENGLEWOOD, CO – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Hampden Place Medical Center, (top left photo) a 66,339-square foot three-story Class A medical office building in Englewood, just south of central Denver.
The sales price of $18.6 million represents $271 per square foot.
John Smelter, a first vice president and senior director of the firm’s Healthcare Real Estate Group in San Diego, represented the seller. Smelter also represented the buyer, Health Care Trust of America Inc. Adam Christofferson, (bottom right photo) a first vice president and broker of record for Colorado, also provided representation.
“The property was thoughtfully planned under the direction of Development Solutions Group by the physician owners, in conjunction with the participating hospital system, to facilitate the ongoing profitability and sustainability of the tenant businesses,” says Smelter.
Hampden Place Medical Center houses an ambulatory surgery center, medical imaging, physiotherapy and medical offices for orthopedic, hematology-oncology and other physicians.
Press Contact: Stacey Corso, Communications Department, (925) 953-1716