Friday, September 21, 2012

Mez Birdie Appointed Court Receiver for Commercial Properties in Orlando and Jacksonville, FL

MAITLAND, FL. – Mez R. Birdie (top right photo) CCIM, CPM, SCSM, director of special assets at NAI Realvest, has been appointed court receiver for properties located at:

6220 SOBT, Orlando;
8101 Southside Blvd, Jacksonville;
3720 St. John’s Bluff, Jacksonville;

Birdie is responsible for all property management and leasing functions and will report to the Circuit Court of the 9th Judicial Circuit in Orange County, Fla.

For more information, contact:

Mez Birdie, CCIM, Director/Retail & Investment Services NAI Realvest 407-875-9989,
Patrick Mahoney, President, NAI Realvest, 407-875-9989,
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142

South Florida Office Building Sells for $10.3 Million

CORAL GABLES, Fla., Sept. 20, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, in conjunction with Coral Gables-based Mazzei Realty Services Inc., has brokered the sale of the Kendar office building, (top left photo) a 43,671-square foot five-story office building in Coral Gables. The sales price of $10.3 million equates to $236 per square foot.

Benjamin H. Silver (middle right photo), an associate director of the National Office and Industrial Properties Group (NOIPG) in Marcus & Millichap’s Miami office, helped broker the transaction between the buyer and the seller.

“South Coral Gables’ transactions of this magnitude are rare, although the submarket is fundamentally one of the top real estate markets in Florida,” says Silver.

 “The Kendar building is a very well-known property and one of the few Class B-plus office buildings that has maintained a mid-90 percent to high-90 percent occupancy rate throughout the recent downturn. The asset was meticulously managed and maintained by Mazzei Realty Services Inc., and represented the best in class for this market,” adds Silver.

The property is located at 1550 Madruga Ave. in Coral Gables, south of U.S. Route 1 and across from the University of Miami.

Built in 1970, the Kendar office building was 97 percent occupied at the time of the sale. The building’s tenants include Suchman Retail Group, Lawex Corp/Trialworks, DiBello, Lopez & Castillo, P.A., Mazzei Realty Services, Inc., Mark I. Rivlin, P.A., Dr. John T. MacDonald Foundation Inc. and The Ethel & W. George Kennedy Foundation Inc.

More than $1 million in major capital improvements were recently made to the building, including new elevators, a new roof and a new fire safety system.


Stacey Corso

Public Relations Manager
(925) 953-1716

MAA Enters New Market with Kansas City Acquisition

MEMPHIS, TN /PRNewswire/ -- MAA (NYSE: MAA) announced today that it has entered the Kansas City, Missouri market with the acquisition of Market Station, an upscale, urban mid-rise apartment community.

The 323-unit Market Station property was developed in 2010 and is located in the River Market area, a riverfront neighborhood located immediately north of the Central Business District in downtown Kansas City.

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

Investor Relations of MAA,