Friday, May 14, 2010

Mercantile Capital Corp. Reports its Financed Projects Totaled $46M-Plus from January through April

ALTAMONTE SPRINGS, FL -- Mercantile Capital Corp., the Altamonte Springs lender that ranks as one of the most active providers in the nation of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reports it financed commercial real estate projects valued at more than $46 million from January through April.

Geof Longstaff, (top right photo) chairman and co-founder at Mercantile Capital Corporation, (MCC) said one loan financed Colimar, Inc.’s $6,170,000 acquisition of a cotton warehouse in Mission, Texas.

Located on the Mexican border, the warehouse operation readies cotton bales for shipment to Mexican textile manufacturers, Longstaff said.

Mercantile Capital Corporation also financed the $2,654,900 acquisition of an historical building in Pasadena, California, for Architects for Education, Inc.

Longstaff said commercial loans during the four-month period almost broke the eight-year old company’s record for loan volume in a four-month period.

“The SBA 504 loan program is gaining recognition as the most accessible, and in some cases, only lending alternative for small business owners in the U.S.,” said Christopher Hurn, (bottom right photo)  chief executive officer at MCC.

“Since we expanded our scope outside the southeast region, we are accommodating inquires every day from almost every region in the nation,” Hurn said.

For more information about this press release, contact
Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040
Robin Lashley, Mercantile Capital Corporation, 407-786-5040
Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142

Marcus & Millichap Sells 156-UNIT/ 492-Bed Student Housing Property in Oxford, MS

 OXFORD, MS, May 14, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Sterling University Terrace (top left photo), a 156-unit/492-bed student housing property serving the University of Mississippi in Oxford, MS. according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

Travis Prince, (middle right photo)  senior associate, along with Dorothy Jackman, (bottom left photo)  vice president investments, represented both buyer and seller.

Michael Harris, associate in Marcus & Millichap’s Tampa office, Brent Yurtkuran, MS broker and senior associate of the firm’s Jackson office and Matt Fitzgerald, Regional Manager, assisted in closing this transaction.

Sterling University Terrace is located at 900 Whirlpool Drive. Built in 1999, this 156-unit/492-bedroom garden-style, student housing community provides a variety of furnished floor plans. The unit mix includes two, three and four bedroom units.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Cassidy Turley Officially Welcomes Harry K. Moore of Louisville

ST. LOUIS, MO /PRNewswire/ -- Cassidy Turley, a leading commercial real estate services provider in the U.S.,  announced that Harry K. Moore of Louisville, KY, has officially joined the newly integrated company. Harry K. Moore will formally be known as Cassidy Turley Harry K. Moore while transitioning to Cassidy Turley.

"We are proud to welcome Harry K. Moore to Cassidy Turley," said Mark E. Burkhart, (top right photo)  CEO of Cassidy Turley. "While we continue to expand our geographic reach and service offerings, we are dedicated to providing our clients with a greater array of services and real estate expertise."

Locally owned and operated since 1948, Harry K. Moore specializes in sales and leasing of industrial and commercial properties in Louisville and southern Indiana as well as many surrounding cities in Kentucky.

 The company has consistently ranked as a leading commercial real estate services firm by Business First - the weekly business newspaper of the Louisville region. Since 2000, Harry K. Moore has completed 2,042 transactions consisting of 53 million square feet valued at over $1.275 billion.

"We are very pleased to officially join Cassidy Turley," said Powell Spears, (top left photo) Managing Member, SIOR. "We share a solid belief in person-to-person relationships and hands-on problem solving - a strategic vision of creating value and opportunities for our clients nationwide."

Harry K. Moore offers a full range of services including Office Brokerage, Industrial Brokerage, Investment Services, Retail Services, Landlord and Tenant Representation. As a result of its dedication to client service, two of the firm's brokers recently received Greater Louisville Association Commercial Realtor of the Year awards and the company has more SIOR designations than any other commercial brokerage company in the Louisville area.

"The addition of Harry K. Moore to our team represents an important step for Cassidy Turley. It demonstrates our continued commitment to deliver integrated, tailored solutions and maximum, measurable outcomes to our clients in this competitive marketplace," added Mark Burkhart.

Cassidy Turley is a leading commercial real estate services provider in the U.S., with 420 million square feet of managed space, 58 locations and $13 billion in completed transactions for 2009. Cassidy Turley is comprised of industry-leading firms in their respective markets that share a common vision and strategy.

CONTACT: Maureen Wheeler, Cassidy Turley, +1-202-463-1138,;
 Suzanne Dawson, Linden Alschuler & Kaplan, Inc., +1-212-329-1420,
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