Monday, July 16, 2012

Three Cassidy Turley Properties Included on Tampa Bay Business Journal’s Top 25 List

TAMPA, FL – [July 16, 2012] The Tampa Bay Business Journal has ranked three of Cassidy Turley’s properties for lease on its Top 25 Office Buildings list.

 Corporate Center One (top left photo) at International Plaza ranked No. 8 on the list, while Corporate Center Two and Three ranked No. 13 and No. 12, respectively.The list ranks Tampa Bay office buildings based on total rentable square footage.

Corporate Center One is a 390,698-square-foot Class-A office space with Bloomin’ Brands and Numera Software among its major tenants. Corporate Center Two and Three are Toby award winning, Energy Star rated office buildings, both with 286,111 square feet.

 “Cassidy Turley is very excited to be representing the highly desirable Corporate Center at International Plaza properties,” said Ron S. Ruffner, vice president of the firm’s Tampa office. “They not only rank high in rentable square footage, but offer great amenities and attractive locations.”

 Media contact:

Tony Wilbert
Wilbert News Strategies

NAI Realvest Negotiates Two New Office Lease Agreements at The Citadel in East Orlando

ORLANDO, FL. – NAI Realvest recently completed two new lease agreements totaling 4,005 square feet of office space at The Citadel III, 5950 Hazeltine National Drive in southeast Orlando.

 The NAI Realvest leasing team of Senior Associate Mary Frances West (top right photo) CCIM, Matt Cichocki (lower left photo) and Kevin O’Connor principals at NAI Realvest, negotiated both transaction representing the landlord, Citadel Partners, LTD based in The Villages, Fla.  

The local tenants are Hope for Haiti Children’s Center, Inc. d/b/a Danita’s Children, who leased suite 510 with 1,010 square feet and Cargo Aircraft Management, Inc. who signed a lease for suite 350 with 2,995 square feet.  Joe Hills of Coughlin Commercial represented Cargo Aircraft.

 NAI Realvest is the leasing and management representative of The Citadel and West leads the leasing team.

For more information, contact:

Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest,
Kevin O’Connor or Matt Cichocki, Principals NAI Realvest, 407-875-9989, or
Patrick Mahoney, President, NAI Realvest, 407-875-9989
Beth Payan, Larry Vershel Communications, 407-644-4142

ARA Announces Sale of a 3,187-Unit, Multi-State, UDR Portfolio in 3 Markets

 Jacksonville, FL (July 16, 2012) — The Jacksonville, FL, Washington, D.C. and Dallas, TX offices of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multi-housing industry, announces the sale of the UDR Multi-State Portfolio.

This is part of a previously announced disposition by UDR. The nine-property, 3,187-unit portfolio is spread across three separate ARA markets including Jacksonville, FL, Dallas, TX and Richmond, VA.ลก UDR and ARA worked together to identify key buyers across the U.S. who demonstrated the desire, capability and market knowledge to acquire these assets.

 ARA Florida-based Principals, Marc deBaptiste (top right photo) and Kevin Judd (middle left photo) along with Vice President, Matt Wilcox, ARA Dallas, TX-based Principals Brian O’Boyle and Brian Murphy together with ARA Washington DC-based Principals Drew White, Mike Marshall and Ryan Ogden represented Denver, CO-based UDR, Inc., in the transaction. UDR is a leading multifamily REIT which manages, buys, sells, develops and re-develops assets across the U.S.

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

Lisa Robinson at, 678.553.9360
Amy Morris at, 678.553.9366; locally,
Marti Zenor, at, 561.988.8800.

Charles Dunn Co. Completes Record-Breaking $7.51 Million Sale of Single-Tenant Retail Property Occupied by Chase Bank in West Los Angeles, CA


LOS ANGELES, CA, July 16, 2012 –Charles DeSantis (top right photo) of the Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the record-breaking sale of a 5,000 square foot single-tenant leased investment occupied by Chase Bank for $7.51 million.  The property is located at 11975 Santa Monica Blvd. in West Los Angeles.

The price per square foot of the building was $1,500, which sets a record as the highest price per square foot ever paid for a bank occupied single tenant retail property in the Los Angeles/West Los Angeles region according to CoStar records.

DeSantis, senior managing director with Charles Dunn Company, represented the sellers, HJRJ LLC, et al from Los Angeles.

The buyer was Golden Matrix LLC from Los Angeles. The property sold at a cap rate of 4.8 percent on existing income, 5.37 percent based on income commencing in December 2012 for five years.

According to DeSantis, the sale was completed in just three weeks.

Charles DeSantis can be reached at (310) 996-2232.


Darcie Giacchetto
D.G. Communications, Inc.

Berger Commercial Realty Corp. Announces New Sale in St. Petersburg, FL

 FORT LAUDERDALE, FL. (July 16, 2012) – Commercial real estate broker Judy Dolan (top right photo) of Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, closed the sale of a lender-owned, mixed-use building located in St. Petersburg, Fla.

 Located at 6100 Haines Road, the property sold for $150,000 to John and Patricia Farese. Dolan represented the seller Waterfall Victoria Mortgage Trust 2010-SBC 1 REO, LLC.


Marielle Sologuren
Pierson Grant Public Relations
(954) 776-1999, ext. 226

Hendricks & Partners Negotiates $15.9 Million Sale of Lexington Park Apartments in Orlando

ORLANDO, FL --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the Lexington Park Apartments (top left photo)on Westgate Drive in Orlando for $15.9 million.

Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale of the 252-unit apartment property with associate partner Hal Warren in Orlando and senior investment advisor Jason Stanton in the firm’s Tampa office.

Hendricks & Partners represented the institutional seller.  The buyer was not disclosed.

Built in 1988, the three-story garden style apartments total 210,812 square feet of rentable living space with one and two bedroom units and an average monthly rent of $716.

For more information, contact:

Cole Whitaker, Southeast Partner, Hendricks & Partners, 407-218-8880,; 
Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881; 
Jason T. Stanton CCIM, Senior Investment Advisor, Hendricks & Partners, Direct: 727-674-4097;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Commercial Real Estate Leader Colliers International Expands Southeast Presence

BIRMINGHAM, AL and SEATTLE, WAJuly 16, 2012 /PRNewswire/ -- Colliers International today announced the addition of a Birmingham, Ala., office to its global operations. 

As part of the firm's ongoing commitment to enhancing client services, Colliers continues to expand upon its already significant presence in the southeast.  The Birmingham office is among 15 others that the firm has established since 2010.

"There is a significant growth opportunity for Colliers not only in Alabama, but also in the southeast region," said Dan Spiegel (top right photo), executive vice president of operations for Colliers International in the U.S.

"We are very excited to welcome our new colleagues to the Colliers family in Birmingham, a leading market in the state, and for the future of the firm's southeastern operations as we continue to grow. This addition will surely strengthen our footprint in the area."

Sandner Commercial Real Estate, a Birmingham-based firm that specializes in office and industrial real estate, and its staff of commercial real estate brokerage experts and property management professionals, will lead the charge by joining Colliers International's 12,300 professionals operating out of more than 522 offices in 62 countries.

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

 Monica Howald,

National Retail Properties, Inc. Increases Common Dividend

ORLANDO, FL, July 16, 2012 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 39.5 cents per share payable August 15, 2012 to common shareholders of record on July 31, 2012.

The dividend represents an annualized rate of $1.58 per share and marks the twenty-third consecutive year National Retail Properties has paid increased annual dividends per share.

National Retail Properties is one of only four publicly traded REITs and 104 publicly traded companies in America to have increased annual dividends for 23 or more consecutive years.

"We are proud to reach our twenty-third consecutive year of increased annual dividend payments," said Craig Macnab (top right photo), Chairman and CEO. "A consistent and increasing dividend is extremely important to our shareholders and is a track record we intend to perpetuate."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2012, the company owned 1,486 Investment Properties in 47 states with a gross leasable area of approximately 17.0 million square feet.

 For more information on the company, visit