Sunday, November 13, 2011
Newmark Knight Frank’s Southeast Capital Group Negotiates $3.42 Million Sale of Holcomb Woods Village Retail Center in Roswell, GA
ATLANTA, GA. --- Whitney Knoll (top right photo), Mark Hillis (middle left photo) and Fred Victor of Newmark Knight Frank’s Southeast Capital Group brokered the $3.42 million sale of the Holcomb Woods Village, located at 1570 Holcomb Woods Rd. in Roswell, Ga.
Knoll, a principal who heads the Southeast Capital Markets Group at Newmark Knight Frank, said Hawthorne Retail Partners acquired the retail center from the Bank of New York Mellon Trust Company through special servicer GE Capital Realty Group, Inc.
Knoll, Hillis and Victor represented GE Capital Realty Group in the REO transaction.
The 102,888 square foot neighborhood retail center is 45 percent occupied by tenants including Joseph & Friends and Tuscany Fine Furnishings, Knoll said.
“This transaction exemplifies the investment community’s continued attraction to REO foreclosure listings,” Knoll said.
“There was very high interest in the property, and the performance of Hawthorne Retail Partners in the transaction was exemplary,” Knoll said.
For more information about this press release, contact:
C. Whitney Knoll, Principal/Managing Director of Southeast Capital Markets Group, Newmark Knight Frank, 201 17th Street, Suite 900, Atlanta, GA 30363; email@example.com; 404-926-1139
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 firstname.lastname@example.org.
NAI Bluestone’s Matthew McManus Hired as Senior Director at Marcus & Millichap Capital Corp. in Philadelphia
PHILADELPHIA, Nov. 11, 2011 – Marcus & Millichap Capital Corporation (MMCC) has hired Matthew McManus (top right photo), formerly of NAI Bluestone Real Estate Capital LLC, as a senior director, according to William E. Hughes (top left photo), senior vice president and managing director of MMCC.
NAI Bluestone, a Philadelphia-based commercial real estate finance firm, brings a team of finance professionals led by Matthew McManus.
“The collaborative culture created by McManus mirrors our own approach to arranging and structuring all types of commercial real estate financing,” says Hughes. “Bluestone’s executives work together to provide capital markets solutions that not only meet, but exceed the expectations of borrowers and lenders, making Matt a natural fit with MMCC.”
MMCC’s Philadelphia office will have a team of seven originators and support staff, including Bluestone’s former head, McManus. Joining him from NAI Bluestone are Kristopher Wood, John Banas, Matthew Rosenberg, Garrett Miller, Patricia Henne and Suzanne Moses.
“Clear synergies exist between the former Bluestone team and MMCC, and we’re very excited to begin working together,” says Spencer Yablon (middle right photo), vice president and regional manager of Marcus & Millichap Real Estate Investment Services’ Philadelphia office.
“Because of Matt’s 18-year tradition of providing superior client service and in-depth knowledge of the capital markets, the Bluestone addition will unquestionably enhance our agents’ ability to arrange property sales throughout the Philadelphia region.”
McManus says MMCC’s national platform, track record and breadth of financial services capabilities were appealing.
“Joining forces with a likeminded company that brings a tradition of strong leadership and in-depth investment and financing expertise to the table makes strategic sense for my team,” says McManus.
“Marcus & Millichap’s nationwide network of finance professionals, investment sales agents and its Research Services division will assist us in providing superior results for our clients. By utilizing the infrastructure and resources that MMCC has to offer, we will be able to aggressively source funds to find the best capital fit for each client.”
In 2010, MMCC closed nearly $1 billion in commercial real estate loans for a total of 451 transactions.
Ryan Nee is New Sales Manager in Fort Lauderdale, FL Office
FORT LAUDERDALE, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Ryan Nee (middle left photo) as sales manager of the firm’s Fort Lauderdale office, according to Gregory Matus (lower right photo), vice president and regional manager of the office.
Nee began his career with Marcus & Millichap as a sales intern in February 2007. He became an agent in October 2007 and was awarded the firm’s “Rookie of the Year” honor in 2008. His product specialty is office and industrial investment properties.
Nee has a bachelor’s degree in finance from the University of Florida.
This achievement is one of the highest levels of recognition the firm awards to its investment specialists. It represents excellence in the development and servicing of long-term client relationships, according to Jeffrey M. Mishkin (bottom right photo), first vice president and regional manager of the firm’s San Francisco office.
Schofield joined the firm in May 1998 and was promoted to senior associate in January 2003. He was named vice president investments in January 2008. He has received 10 sales recognition awards from Marcus & Millichap.
Schofield specializes in the sale of retail and net-leased investment real estate. He is a director of the firm’s National Retail Group and National Net Leased Property Group.
Press Contact: Stacey Corso, Communications Department, 925) 953-1716
Posted by Alex at 1:59 PM
SANFORD, FL--Geof Longstaff, (center) recently completed 12 years on the board of the Orlando Sanford International Airport Board, including six as chairman.
He was honored recently by board members. At left is Larry Dale, president of the airport and new chairman Tim Donihi. Longstaff is chairman of Mercantile Capital Corporation in Altamonte Springs and on the board of Old Florida National Bank in Downtown Orlando.
Contact: Larry Vershel or Beth Payan, lvershelco.com
Posted by Alex at 1:25 PM
NAI Realvest and NAI Commercial Jacksonville Negotiate New Lease for 10,500 SF of Industrial Space in Port Orange, FL
PORT ORANGE, FL --- NAI Realvest and NAI Jacksonville recently negotiated a new lease of 10,500 square feet of office/warehouse space at the Eastport Business Park located at 4470 Eastport Parkway in Port Orange.
Chris Butera (top right photo), an associate at NAI Realvest headquartered in Maitland and Jacob Horsley with NAI Commercial of Jacksonville, negotiated the transaction representing the landlord, Melbourne-based Nieman Investments Co., LLC.
The local firm of Bluewater Internet Technology LLC leased the property, which includes 2,220 square feet of office space and 8,280 square feet of warehouse space.
The tenant was not represented by a broker in the transaction.
For more information, contact
Chris Butera, Associate NAI Realvest 386-453-4789, email@example.com;
Patrick Mahoney, President, NAI Realvest 407-875-9989; firstname.lastname@example.org;
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142
Mercantile Capital Corp. Reports Four Commercial Loans Closed in October Financing Projects Valued at More Than $9.4 Million
Altamonte Springs, FL --- Mercantile Capital Corporation, one of the nation’s largest and most active providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed four commercial loans in October to finance projects that total more than $9.4 million.
Geof Longstaff (top right photo), chairman of Mercantile Capital Corporation, said the firm’s largest single loan in October financed a $5.1 million diabetes treatment center in Citrus County.
Since the start of the year, Mercantile Capital Corporation has closed 46 commercial loans to finance projects that total more than $134 million, Longstaff said.
Chris Hurn (lower left photo), chief executive officer of Mercantile Capital Corporation, said, “We expect to finance over $150 million in total projects in 2011. That would mark a substantial increase over 2010 and be our all-time record for volume.”
Mercantile Capital Corporation will relocate from Altamonte Springs to Downtown Orlando in December, Hurn added. The firm is a wholly-owned subsidiary of Old Florida National Bank, which is headquartered in Orlando.
For more information about this press release, contact:
Geof Longstaff, Chairman, Mercantile Capital Corporation 407-786-5040 Glongstaff@Mercantilecc.com
Chris Hurn, Chief Executive Officer, Mercantile Capital Corporation, ChrisHurn@MercantileCC.com, 407-786-5040
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142