Saturday, January 14, 2012

KeyCorp Strengthens Upstate New York Franchise; Transaction includes acquisition of 26 branches in Buffalo, 11 in Rochester

 CLEVELAND, OH /PRNewswire/ -- KeyCorp (NYSE: KEY)  announced that its wholly-owned subsidiary, KeyBank National Association ("KeyBank"), has signed a purchase and assumption agreement to acquire 37 retail banking branches currently owned by HSBC Bank NA, ("HSBC") in Buffalo and Rochester, NY.

This transaction will strengthen Key's ability to grow its presence, acquire customers and provide exceptional service to consumer, business banking and wealth management clients in these markets. 

The branches are being sold by First Niagara Bank, N.A. in connection with their acquisition of HSBC's upstate New York banking franchise.  The deposits associated with these branches total approximately $2.4 billion, while loans total approximately $400 million.

"This transaction is an exciting opportunity to strengthen our franchise in these attractive markets and, at the same time, build long-term shareholder value," according to KeyCorp Chairman and CEO Beth Mooney (top right photo).

Under the terms of the purchase and assumption agreement, KeyBank will pay a 4.6% premium on deposits, or approximately $110 million based on current deposit balances. The assumed deposits consist primarily of transaction and savings accounts.  The loans to be purchased consist entirely of in-market performing loans, primarily residential real estate loans. The agreement excludes all commercial loans and deposits for clients with annual revenue greater than $30 million.

"Acquiring these branches enables Key to grow by acquiring customers and expanding our branch network," noted Bill Koehler (lower left photo), president of Key Community Bank. "Customers will enjoy the added convenience of more banking locations, exceptional service and a broad selection of products, all from a bank that is financially strong and committed to these markets."

KeyBank is Member FDIC.


Vernon L. Patterson, +1-216-689-0520,, or
Kelly L. Lammers, +1-216-689-3133,, or 

David Reavis, +1-216-471-2886,, or
Therese Myers (In market media), +1-518-257-8637,

Web Site:

Agree Realty Announces Acquisition of NTB Store in Madison, AL

FARMINGTON HILLS, MI  /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced it has acquired a retail property net leased to National Tire & Battery ("NTB") in Madison, Alabama.

  NTB is owned by TBC Corporation, which is a subsidiary of Sumitomo Corporation of America.  The cost of the acquisition was approximately $2,330,000.  The newly constructed store opened for business in November 2011.  The base term of the lease is 25 years.

 Agree Realty is primarily engaged in the ownership, management, acquisition and development of single tenant properties leased to industry leading retail tenants.

  Agree Realty owns and operates a portfolio of 88 properties, located in 21 states and containing approximately 3.6 million square feet of leasable space.

Agree Realty Corporation
Hedley Williams, Chief Investment Officer, +1-248-737-4190

First Green Bank in Lake County, FL Offers Unique 1.25 Percent Hybrid CDs, Below-Market Auto Loan Rates


 MOUNT DORA, FL --- First Green Bank, which will host a Grand Green Opening to showcase its new award-winning LEED Platinum certified headquarters facility on U.S. 441 in Mount Dora on Feb. 4, is marking the date with two special products in Lake County: a 1.25 percent APY Certificate of Deposit and a 1.9 percent APR auto loan.

“We are able to offer the highest interest rate on Certificates of Deposit and the lowest interest rate on auto loans in Lake County,” said Kenneth LaRoe, First Green Bank's chairman and CEO.

LaRoe said the special offers are First Green Bank’s way of celebrating its new Green headquarters---one of only two buildings in Florida to earn the U.S. Green Building Council’s Platinum LEED rating for energy efficiency and environmental quality.

LaRoe said the 1.9 percent APR automobile loans apply on cars that have a higher than 30 mile per gallon EPA combined minimum standard fuel efficiency rating.  

The new 24-month Hybrid Flex CD is available to all customers who open a new checking account.

For more information, contact:  
Kenneth E. LaRoe, CEO and Chairman, First GREEN Bank, 352-483-9100,
Paul Rountree, President, First GREEN Bank, 352-483-9100,
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 or 407-461-3780,   

Celebration Golf Club in Orlando, FL to premier new state-of-the-art Ping I-20 Golf Club Jan. 21


ORLANDO, FL --- Celebration Golf Club will unveil the new Ping I-20 golf club for the first time in the southeast on Saturday, Jan. 21 from 10 a.m. to 4 p.m.

Kenny Nairn (top right photo), executive vice president of golf for Celebration Golf Management, said Ping’s new I-20 golf club — which will be on sale at Celebration — is the best club in the field.

Nairn said factory technicians, Ping reps and Celebration’s Team of nFlight certified golf fitters will be on hand to assist golfers in selecting, sizing and fitting their new clubs.

For more information, contact:  
Kenny Nairn, Executive Vice President of Golf, Celebration Golf Management, 407-566-4653 x4606
Michael J. Neumann, Social Media Supervisor, Celebration Golf Management, LLC 407-566 1045 x4621;
Gene Garrote, President, Celebration Golf Management, 407-566-4653 x 4601;  
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142  

Crossman & Company to Sponsor 5K Baldwin Park Race Near Downtown Orlando to Benefit Samaritan Village

ORLANDO, FL --- Crossman & Company, the Orlando-based firm that ranks as one of the largest retail property management and leasing firms in the Southeast, hopes a 5K run in April at Baldwin Park (top left photo) near downtown Orlando will prove a major fundraiser for Transitions-a Resale Boutique that supports Samaritan Village, Inc.

Samaritan Village is a transitional home for women seeking freedom from addiction and street life.   The event has a special appeal for John Crossman, president of Crossman & Company.

“It combines all of my passions - running, retail, and helping people in crisis,” Crossman said.

Crossman & Company plans to recruit more than 40 runners for the event from Crossman & Company, Central Florida FSU Track Boosters, a Baldwin Park Friday Men's Bible Study that Crossman participates in, and several company contacts.

 “The mission of Samaritan’s Village benefits the entire community, not just the young women it helps,” Crossman said. “The Central Florida community has a big stake in its continued success,” he said.

For more information, contact

John Crossman, CCIM, President, Crossman & Company, 407-581-6218,  
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Emerson International Negotiates Six Central Florida Commercial Leases in Altamonte Springs, Longwood and Winter Park

 ALTAMONTE SPRINGS, FL --- Emerson International, Inc. recently negotiated six commercial lease agreements that total more than 10,300 square feet of office space.

Eric Emerson (top right photo), vice president and general manager of Emerson International, said Emerson leasing director Sean Westcott negotiated all six lease agreements.

The new tenants include:

Central de Alabanza Y Restauracion, Inc. with 4,000 square feet leased, Debit Mediators, LLC, 2,200 square feet and Rockin Nutrition leased 958 square feet at CenterPointe Office Park in Altamonte Springs;

SDR Investment Management, Inc. leased 1,919 square feet and Siler Financial Group, LLC leased 730 square feet at Sanlando Office Center in Longwood;

Maxine Carr ED. D., P.A. leased 493 square feet at 1177 Louisiana Ave. at Louisiana Office Park in Winter Park.

For more information, contact
Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560;;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Emerson International, Eagle Creek Golf Community to help raise funds for Susan G. Komen Cancer Fund — Community will donate $10,000 to “For the Cure” Fund

 MAITLAND, FL. --- Emerson International, Inc. and Eagle Creek Golf Course Community (lower left photo) in East Orlando have pledged to raise more than $10,000 for the Susan G. Komen for the Cure cancer fund.

Eric Emerson, vice president and general manager of Emerson International, said public tours of new luxury golf course homes by Centerline Homes at Eagle Creek will generate contributions of at least $10,000 toward the Susan G. Komen for the Cure fund.

Emerson said contributions will be collected at select new Centerline Homes at Eagle Creek from Feb. 18 – 24.
Emerson said his company will also make a $10,000 donation to the fund.

Eagle Creek Golf Course community is located in southeast Orlando on Narcoossee Rd. south of the 417 near Lake Nona.

For more information, contact
Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560;;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Stirling Sotheby’s International Realty Wins Two Key Listings in Central Florida

Firm Named Exclusive Sales, Marketing Agents for Luxury Home at Alaqua County Club in Longwood, FL

ORLANDO, FL. --- Stirling Sotheby’s International Realty has been named exclusive sales and marketing agents for a one acre golf course estate home at Alaqua County Club, the private, gated community off Markham Woods Road in Longwood. 

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Marketing Expert Mary Ann Hartmann (top right photo) of Stirling’s Sotheby’s Heathrow Real Estate Gallery has listed the estate home at 3207 Tala Loop in the third phase at Alaqua County Club. 

 The 6,422 square foot custom estate home offers five bedrooms, five full baths and two half baths, along with an impressive front entry with brick paver circular drive, a chef’s kitchen featuring Wolf and SubZero appliances, a game room with wet bar, a large master suite with breakfast bar, safe room, saltwater pool with island stone bridge, water features and separate spa, and a four car garage.

The home, which was built in 2003, is priced at $1,550,000.

 For more information, contact
Mary Ann Hartmann, Stirling Sotheby’s International Realty Heathrow Gallery, 407-333-1900;
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890;;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Mark Arnold Lists Historic 5.15-Acre Winter Garden, FL Commercial Site

ORLANDO, FL--- Stirling Sotheby’s International Realty has been named exclusive sales and marketing agents for an historic 5.15 acre high intensity development site in Winter Garden that includes an historic mansion.

The site, located at 1305 E. Plant St. in Winter Garden, includes the Britt Mansion (middle right photo), an elegant residence built in 1929, along with two additional free standing buildings.

 The home and buildings---a combined 7,256 square feet of commercial space---have been used as professional offices.

The property is located on the corner of Plant Street and East Crown Point Road a quarter mile west of the S.R. 429 interchange, said Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty.

“This highly visible site sits on the main thoroughfare or “gateway” into downtown Winter Garden from the Central Florida Toll-way,” Soderstrom said. “Surrounding properties on both sides are positioned for commercial development, and Plant St. was recently improved, including utilities,” he said.

Stirling Sotheby’s International Realty associate Mark Arnold (lower left photo) is listing agent for the site, Soderstrom said.

The entire property, including acreage, historic buildings and high intensity zoning is listed for sale for $1.75 million.  

To view a video of the property, visit
Mark Arnold, International Commercial Investment Specialist, Stirling Sotheby’s International Realty, 407-588-1260
Roger Soderstrom, Owner/Founder Stirling Commercial Group, 407-588-1260;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 

NAI Realvest Turns on Heat, Completing Three Deals in Central Florida in Past 30 Days

Sean DuPree Negotiates $650,000 Sale of 15,000 Square Foot Industrial Building in Lakeland, FL

 ORLANDO, FL. -- NAI Realvest recently negotiated the sale of the 15,000 square foot office/warehouse building on 4.26 acres at 3306 Waterfield Rd. in Lakeland. 

 Senior broker associate Sean DuPree (top right photo) CCIM at NAI Realvest negotiated the transaction representing the seller, JST Properties, LLC of Fort Pierce.

CLM Polk Properties, LLC of Bartow paid $650,000 for the property which includes 1,500 square feet of office space and fenced outside storage.  The facility was built in 2003.

For more information, contact:
Sean DuPree, CCIM, NAI Realvest 407-875-9989;;
Patrick Mahoney, President, NAI Realvest 407-875-9989
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Tom Kelley Arranges New Long Term Lease of Class A Office Space in Maitland

MAITLAND, Fla. --- NAI Realvest recently negotiated a 5.5 year lease agreement for 3,255 square feet of Class A office space at Suite 151 in Maitland Promenade (middle right photo), 485 N. Keller Rd., Maitland.

 Tom. R. Kelley II, CCIM (top left photo), a principal in the firm, negotiated the transaction representing the new tenant, Groelle & Salmon, P.A.,  a law firm specializing in insurance law and litigation headquartered in Wellington in Palm Beach County with offices in Vero Beach and Tampa.

The landlord Maitland Office Company, LLC., based in Baltimore, was represented by Micah Strader of CBRE.  

For more information, contact:
Tom R. Kelley II CCIM, Principal, NAI Realvest, 407-875-9989,;
Patrick Mahoney, President NAI Realvest, 407-875-9989;
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142

Kevin O’Connor and Matt Cichocki Handle $1 Million Sale of 8.39-Acre Mixed-Use Site at Celebration, FL

MAITLAND, Fla. --- NAI Realvest recently negotiated the sale of an 8.39-acre mixed-use site at 205 Celebration Place in Celebration for $1 million.

Patrick Mahoney, president of NAI Realvest, said NAI Realvest principals Kevin O’Connor (middle  left photo) and Matt Cichocki (lower right photo) negotiated the REO sale representing the seller.

The Celebration Company of Lake Buena Vista acquired the site, situated at the Celebration office park that fronts on US-192.  The buyer was not represented by a broker.

Cichocki said the Celebration Company originally sold the property to an office developer in 2006 for $2,850,000.

Earlier this year Cichocki and O’Connor negotiated a $1,000,000 purchase contract with a retail developer which prompted The Celebration Company to exercise a right of first refusal it retained on the property in the event it was not developed.  

Currently there are no plans to develop the property but Cichocki says the property will likely be developed in the future as a mixed use concept with restaurant and office users.

For more information, please contact:

Kevin O’Connor and Matt Cichocki, NAI Realvest 407-857-9989 or
Patrick Mahoney, President, NAI Realvest, 407-875-9989;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142