Sunday, July 15, 2012

Colliers Completes Nearly 200,000 SF of Industrial Tenant Transactions in 30 Days in Metro Miami

MIAMI, FL - Over the past 30 days Colliers International South Florida's Vice President of Industrial Services, Mort Fetterolf (lower left photo), has closed almost 200,000 square feet of industrial leases in Miami. 

 Fetterolf represented tenant SYNNEX Corporation, a business process services company, in their relocation from Dolphin Commerce Center to Prologis' Beacon Lakes.

SYNNEX will occupy 60,318 square feet at 12650 NW 25th Street, utilizing the new building's 30' ceiling heights to be more efficient.

Colliers Commercial Associate Erin Dee (top right photo) assisted in the transaction. Landlord Prologis was represented by George Pino and Ed Lyden of State Street Realty.

In a second transaction, Agility Logistics Corporation renewed its lease agreement one year prior to their expiration at Beacon Industrial Park for 93,218 square feet represented by Fetterolf. Agility sought further efficiency in its space, located at 11010 NW 30th St, Doral, which measured 118,000 SF initially. 

 For a complete copy of the company’s news release, please contact:

 Crystal Proenza
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138

Marcus & Millichap Announces Sale of Stepping Stone Building for $130,000 in Sarasota, FL

 SARASOTA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Stepping Stone Building (top left photo), a 2,920 rentable square foot vacant office building located in Sarasota, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset commanded a sales price of $130,000.

Krone Weidler (lower right photo), an associate vice president investments and member of the National Seniors Housing Group in the Tampa, Florida office of Marcus & Millichap, had the exclusive listing to market the property on behalf of a financial institution based out of North Carolina.  Ms. Weidler also represented the buyer, a private investor. 

The Stepping Stone Building is located at 250 North Tuttle Avenue.  This former pre-school facility was built in 1959 with a licensed capacity for 64 children.

 The property is zoned OPD (Office Professional District), which permits a wide variety of possible uses.  Building layout consists of multiple educational/instructional rooms, kitchen, office, reception area and multiple restrooms.  On-site improvements include a large fenced-in playground area, storage shed and asphalt paved parking.

“The investor is planning to upgrade the building and lease it to a child daycare worker, who plans to operate as a daycare for children,” says Ms. Weidler.  “The location is excellent for this type of business.” 

Press Contact:

Richard D. Matricaria
Regional Manager,
Tampa, FL
(813) 387-4700

ARA’s South Florida Team Executes Sale of 300-Unit Multifamily Community in Boynton Beach, FL

Boynton Beach, FL  — The Boca Raton office of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently brokered the sale of 300-unit Ashley Lake Park (top left photo) in Boynton Beach, FL.

 The Boca Raton-based sales team of Senior Vice President Hampton Beebe, Principal, Avery Klann, and Principal Marc deBaptiste represented Chicago-based Capri Capital Partners, LLC in the sale.š

 The community was acquired by Boston, MA-based Robbins Property Associates for $27,100,000.

 For a complete copy of the company’s news release and to schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at, 678.553.9360 or Amy Morris at, 678.553.9366; locally, Marti Zenor at or 561.988.8800.šš

QBE FIRST announces lease for Chandler, AZ operations center

 New York, NY— QBE FIRST, part of QBE Insurance Group Limited, has signed an 11-year lease on a new operations center located at 2700 Frye Road in Chandler, AZ.

The 183,000-square foot facility will house a significant QBE FIRST call center and is expected to accommodate more than 1,000 associates.

“This facility offers us the ability to grow, not only in the number of people we employ but also our infrastructure and information technology capabilities,” said Steve Lindstrom (lower right photo) regional operations executive for QBE FIRST.

QBE FIRST, through a business it and its affiliates acquired from the Balboa Insurance Company in mid-2011, has been a long-standing employer in the City of Chandler.

 “As one of the largest employers in Chandler, QBE FIRST is pleased to remain a partner in the community and we look forward to continued growth in the future,” said QBE FIRST Chief Executive Officer CD Davies. “This facility will serve as a showcase for visiting clients and become a major servicing center for our customers.”

For a complete copy of the company’s news release, please contact:

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195

Bank Repos Slow In South Florida In Q2 2012 In Wake Of 'Foreclosure Freeze'

MIAMI, FL --Lenders repossessed eight percent fewer South Florida properties in the second quarter of 2012 on a year-over-year basis compared to the same April through June period in 2011 in Miami-Dade, Broward, and Palm Beach counties, according to a new report from   

Lenders - armed with the foreclosure process - forced a change in ownership of less than 8,800 properties in South Florida between April and June of 2012 compared to more than 9,600 repossessions in the same period in 2011 and nearly 15,150 repossessions in 2010, according to an analysis based on Clerk of the Court records in Miami-Dade, Broward, and Palm Beach counties.
In the second quarter of previous years in South Florida, lenders repossessed nearly 6,000 properties in 2009, nearly 7,100 properties in 2008, and less than 2,200 properties in 2007, according to government records.  

"Lenders forced an ownership change in 800 fewer properties in the second quarter of 2012 than a year earlier," said Peter Zalewski (top right photo), a principal with the Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC.

 "The decrease in bank repossessions follows an unofficial moratorium on foreclosure filings in South Florida resulting from the 'robo-signer' controversy that surfaced nationally in the autumn of 2010.

“ We would not be surprised if the total number of bank repossessions in South Florida continues to slow in future quarters following the prolonged foreclosure filing moratorium period that was finally resolve in the first quarter of 2012."

For a complete copy of the company’s news release, please contact:

Condo Vultures® LLC is a real estate consultancy and marketing company based in the 225 Midtown Building at 225 NE 34th St., Suite 209B, Downtown Miami, Florida, 33137. Condo Vultures® LLC can be reached at 800-750-0517.

Amsdell Expands Again and Enters the Memphis,TN Market With Acquisition of Five Self Storage Centers

CLEVELAND, OH /PRNewswire/ -- Amsdell Storage Ventures VII, LLC is proud to announce its  purchase of five institutional grade self storage properties in the greater Memphis area, including over 300,000+ net rentable square feet and over 2,100+ units. 

The new facilities are operated by Compass Self Storage, LLC ( and mark the company's entrance into this market.

The storage centers are located at:

  •      7911 Hacks Cross Road Olive Branch, MS 38654
  •     2274 Highway 51 Nesbit, MS 38651
  •     8036 US Highway 70 Bartlett, TN 38104
  •    4175 Winchester Road Memphis, TN 38118

The facilities represent a significant addition to the rapidly growing portfolio of properties under the Compass flag. 

On June 28, 2012 various entities of the Amsdell family of companies acquired a five-store portfolio of institutional grade properties in the greater Cincinnati market expanding the Compass brand beyond its other locations throughout Florida, Michigan, Ohio and Pennsylvania.

Please visit and for more information.

For a complete copy of the company’s news release, please contact:

Todd Amsdell 

Scott Pamolin Joins Morrison Commercial Real Estate in Orlando, FL


ORLANDO, FL --  Morrison Commercial Real Estate is proud to announce that Scott Pamplin has joined its’ team as Vice President.  Scott will be representing clients throughout Central Florida with a focus on tenant representation and corporate services.

 Scott adds more than 11 years of experience in the commercial real estate industry to this already dynamic and diverse team head-quartered in downtown Orlando.    

 Greg Morrison (top right photo), Founding Principal of Morrison Commercial Real Estate said, “I am pleased to have Scott join the firm. Scott brings an excellent track record in tenant representation and corporate services along with solid work and business ethics to our team.  He is a great addition to MCRE.”


Cindy Geer
Phone: 407.219.3500