Wednesday, August 29, 2012

NAI Realvest Negotiates Sale of 8.7 Acre Commercial Site in Winter Springs, FL

ORLANDO, FL. – NAI Realvest recently negotiated the sale of an 8.72 acre commercial site known as Parcel 14B-1 located on Dover drive just west of the Oviedo Marketplace in Winter Springs.

Paul P. Partyka (top right photo), the managing partner of the firm, and associate George Viele brokered the transaction representing the seller, The Viera Company, of Melbourne. 

 The buyer, Orlando-based Flagship Development Viera LLC, purchased the property for $450,000.

For more information, contact:

 Paul P. Partyka or George Viele, NAI Realvest 407-875-9989;;
Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142

LandMark Retail Group Completes Development of Two CVS/Pharmacy Stores in California

 Bakersfield, CA and Palmdale, CA(Aug. 29, 2012)—LandMark Retail Group, a full service retail development firm, has completed the development of two CVS/Pharmacy stores in Calif. -- Bakersfield and in Palmdale.

Since 2007, the firm has developed 30 stores in California and has 12 additional opening scheduled for this year.

 Located at the corner of Ming and Buena Vista, in the heart of Seven Oaks, Bakersfield most distinctive and elegant master planned community, this CVS will be a part of the newly developed Grand Island Village Shopping Center, a 90,000 square foot neighborhood/specialty style shopping center that shares street corners with the Seven Oaks Country Club. The shopping center is home to Chevron, Republic Bank and other small tenants..

The second CVS/Pharmacy store is located on the corner of 47th Street and R Street in Palmdale, Calif. (middle right photo). It is located in a Vallarta-anchored shopping center and offers a drive-thru pharmacy.

This store is located in a neighborhood shopping center with regional attraction and will serve the immediate neighborhood as well as the larger Palmdale community.

"Landmark identified this location as part of a larger strategy for the market and then negotiated a ground lease on behalf of CVS, said Sandy Sigal, (lower left photo) Chairman, Landmark Retail Group. “We coordinated the design and approvals with the ownership and delivered the store on time and on budget."

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

David Ebeling
Ebeling Communications
949.278.7851 (Cell)

Marcus & Millichap Lists $25 Million Self-Storage Portfolio in Palm Harbor, FL

  TAMPA, FL, Aug. 29, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing to market a three-property, 2,250-unit portfolio in Florida for Safeguard Self Storage (top left photo).

Located in Palm Harbor, Tampa and St. Petersburg, the storage assets are listed at $25 million, or $111 per square foot. The properties may be acquired individually or as a portfolio.

Michael Mele (lower right photo), a first vice president investments and senior director of the firm’s National Self-Storage Group (NSSG) in Tampa, is representing the seller, Safeguard Self Storage.

“A savvy investor has the opportunity to acquire three Class A self-storage facilities in the highly desirable Tampa Bay region,” says Mele. “Extremely well-located with excellent highway visibility, these properties feature a variety of amenities, which further enhance their long-term investment value.”

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

Stacey Corso
Public Relations Manager
(925) 953-1716

M/I Homes Relocates to New Headquarters Facility in Heathrow, FL Area

LAKE MARY, FL ---  M/I Homes, formerly located on Colonial Centre Parkway in North Seminole County, has relocated to new headquarters facilities approximately one mile south at 400 International Parkway in the Heathrow area.

David Byrnes (top right photo), 30-year veteran homebuilder and former president of Beazer Homes in Florida who recently rejoined M/I Homes as area president, said M/I’s headquarters now totals over 14,000 square feet of office space.

M/I Homes builds single-family homes and town homes priced from the $130s in 10 Orlando-area communities.

For media information,  contact:
David Byrnes, Area President, M/I Homes Central Florida, 407-531-5100
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

American Healthcare Investors Facilitates Acquisition of 20 Buildings for More Than $100 Million on Behalf of Griffin-American Healthcare REIT II


 NEWPORT BEACH, CA (Aug. 29, 2012) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of 13-buildings known as the Pacific Northwest Senior Care Portfolio, as well as an additional seven medical office buildings located in Illinois, Texas,Tennessee and Georgia by the REIT for an aggregate purchase price of approximately $103 million. 

 Currently, the REIT’s portfolio totals 110 buildings valued at approximately $925 million, based on purchase price, diversified across 26 states. 

(Naperville, IL Medical Office Building, middle left photo)

Since Jan. 1, 2012, the portfolio has grown by approximately 111 percent, based on purchase price, while maintaining leverage of 31.2 percent (total debt divided by total assets), as of June 30, 2012, among the lowest in the non-traded REIT industry, according to independent research provided by Blue Vault Partners LLC.

(Temple, TX Medical Office Building, middle right photo)

“We seek to acquire properties that provide multiple levels of diversification to Griffin-American Healthcare REIT II,” said Danny Prosky (top right photo), a principal of American Healthcare Investors and president and chief operating officer of the REIT.

 “These latest acquisitions are a good example of this – they add geographic, asset and payor mix diversification to an already substantial nationwide portfolio of healthcare-related properties.”

The seven medical office buildings total approximately 199,000 square feet and are located in Naperville and Urbana, Illinois; Temple, Killeen and Rowlett, Texas; Shelbyville, Tennessee; and Jasper, Georgia.

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

Damon Elder
Senior VP, Marketing & Communications
American Healthcare Investors
4000 MacArthur Boulevard
West Tower, Suite 200
Newport Beach, CA 92660
(949) 270-9207 direct
(714) 356-1460 cell

Plaza Advisors Holdings Announces Sale of Publix at Avalon Park in Orlando, FL

TAMPA, FL -- Plaza Advisors Holdings is pleased to announce the sale of Publix at Avalon Park shopping center (top left photo).

The plaza is situated in the center of the 1,860-acre Avalon Park Community in Orlando, Florida. The asset totals 64,494 square feet of gross leasable area.

The center was constructed in 2004 and was 91.4% leased at the time of sale. The seller and buyer were Avalon Town Center LP, LTD. and BET Investments, Inc. The transaction closed on Aug. 21, 2012.


Jim Michalak
Managing Partner
Plaza Advisors
3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 101
Fax 831.2627

HFF arranges $200 million refinancing for Newport Tower in Jersey City, NJ


WASHINGTON, D.C. – HFF announced today that it has arranged a $200 million refinancing for Newport Tower (top left photo), a 1.1 million-square-foot, Class A office tower in Jersey City, New Jersey.

HFF worked exclusively on behalf of MEPT Newport Tower LLC, a subsidiary of Multi-Employer Property Trust and advised by Bentall Kennedy, to secure the seven-year, 3.5 percent fixed-rate loan through Prudential Mortgage Capital Company. 

Completed in 1990, Newport Tower is located at 525 Washington Boulevard in the Newport area of Jersey City.

 The 36-story LEED Gold property features amenities such as a full-service cafĂ©, sundry shop, deli, on-site banking, covered parking and direct connection via a skywalk to the 1.2 million-square-foot Newport Centre Mall. 

The building is 90 percent leased to tenants including AXA, BNP Paribas, Brown Brothers Harriman, Bank of America Merrill Lynch, and Computershare.

The HFF team representing the borrower was led by managing director Cary Abod (middle right photo) and senior managing directors Whit Wilcox (middle left photo), Mike Tepedino (lower right photo) and Tom Didio.

Multi-Employer Property Trust (“MEPT”) is an open-end commingled real estate equity fund that invests in a diversified portfolio of institutional-quality real estate assets in the United States.  Founded in 1982, MEPT now has more than $5.56 billion in net assets and has become one of the largest real estate equity funds in the US.

Bentall Kennedy is one of North America’s largest real estate investment advisors, providing its clients with access to one comprehensive North American real estate platform.  Bentall Kennedy serves the interests of more than 500 clients on assets of more than $27 billion across 140 million square feet of office, retail, industrial, apartment and hotel properties.


CARY P. ABOD                                               
 HFF Managing Director                                  
  (202) 533-2500                                               
HFF Associate Director, Marketing
(713) 852-3500