Friday, September 28, 2012

Sustainable Florida Gives First Green Bank in Mount Dora, FL Sustainable Green Building Award at 15th Annual Best Practice Awards Banquet

Ken Laroe (left) and  Paul Rountree
 Mount Dora, Fla. --- Sustainable Florida, an independent non-profit organization that promotes efforts to preserve Florida’s environment while building markets for Florida’s businesses, has presented First Green Bank of Mount Dora with its Sustainable Green Building Award.

 Kenneth LaRoe, chairman of First Green Bank, said the Sustainable Green Building Award recognizes the pioneering role the bank has played in developing its headquarters facility on U.S. 441 in Mount Dora---the second privately owned commercial building in Florida, and the first of two in Lake County to meet the U.S. Green Building Council’s Platinum Standard for sustainability and energy efficiency.

 “Our mission is to encourage more sustainable communities that can rebuild our economy from the ground up,” LaRoe said.

First Green Bank, Mount Dora, FL
First Green Bank was named one of America’s Greenest Banks by the American Banking Association and the Independent Bankers Association.

 A recent survey of 7,300 U.S. banks by ranked First Green Bank one of the 359 safest banks in America and the only Central Florida bank to earn that distinction.

 For more information about this press release, 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,   

Award-Winning Madison Park for Sale in High-Growth Anaheim, CA

ANAHEIM, CA, Sept. 28, 2012 – Marcus & Millichap/Institutional Property Advisors (IPA), a multifamily brokerage firm serving the needs of institutional and major private investors, has the exclusive listing to market Madison Park (top left photo), an irreplaceable 768-unit apartment community located in Anaheim. The property is for sale on an open-bid basis. 

            Greg Harris (lower right photo), an executive vice president investments, and Kevin Green and Joe Grabiec, both directors of Marcus & Millichap/IPA, are representing the seller, Palo Alto-based Pacific Urban Residential.

Greg Harris
“Madison Park services an under-supplied segment of the submarket for luxury living at an affordable price,” says Harris. “With its unrivaled amenities package and modern interior aesthetic, the community has a tremendous competitive advantage in a rental market that is incredibly tight.  We expect investors to view this offering as a very rare opportunity to acquire instant scale in one of the country’s strongest apartment markets,” adds Harris.

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

 Stacey Corso
Public Relations Manager
(925) 953-1716

Children’s Healthcare of Atlanta Signs 33,000-SFLease at 1605 Chantilly Drive


ATLANTA, GA (Sept. 28, 2012) – Lincoln Property Company Southeast has brokered Children’s Healthcare of Atlanta’s renewal and expansion of its lease at 1605 Chantilly Drive (top left photo). The 37,000-square-foot office building located near Interstate 85 in Atlanta’s North Druid Hills submarket is now 100 percent leased.

 The building is owned by CRM Central Properties LLC. Hunter Henritze and Michael Howell (lower right photo), vice presidents of office leasing for Lincoln, worked closely with CRM’s asset management team, The Roseview Group, in negotiating the transaction. Brandon Wallace of CBRE Group represented the tenant.

Children Healthcare’s expansion includes 6,144 square feet on the first floor and 14,561 feet on the third floor. The company now occupies a total of 33,305 square feet in the building, which is located only a mile from the Children’s Healthcare of Atlanta Office Park and has direct visibility from Interstate 85.

 Lincoln also will represent CRM Central Properties in the marketing of the building for immediate sale.

 “The building at 1605 Chantilly Drive offered an ideal spot for Children’s Healthcare to expand, with its close proximity to the company’s office park,” Howell said. “Furthermore, the company’s expansion should make this an extremely attractive and stable investment for potential buyers. We’re excited about the chance to take this well-located asset to market.”
 For More Information, Contact

 Stephen Ursery
Wilbert Public Relations

Marcus & Millichap Sells 2,370-SF Taco Bell in Delray Beach, FL for $2.55 Million

DELRAY BEACH, FL, Sept. 28, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a Taco Bell, located in Delray Beach, FL, according to Kirk A. Felici (lower left photo), First Vice President/Regional Manager of the firm’s Miami office. The asset commanded a sales price of $2,550,000.

Senior Associate Gabriel Britti (top right photo)in Marcus & Millichap’s Miami office had the listing to market the property on behalf of the seller, a private investor from Hollywood, FL.  The buyer, a limited liability company from Miami Beach, FL, was also secured and represented by Britti. 

“There is a very strong demand for South Florida net leased assets, especially those with strong intrinsic value. It is difficult to keep net leased assets in the tri-county area in stock and multiple offers were procured on this asset within the first couple weeks of marketing,” said Britti. 

Taco Bell is located at 240 Linton Blvd in Delray Beach.

Press Contact:

 Kirk A. Felici
First Vice President/Regional Manager,
(786) 522-7000

Gladstone Commercial Corporation Announces Property Acquisition in Jupiter, FL

MCLEAN, VA, Sept. 27, 2012 /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") reported today that it purchased a 60,000 square foot office building located in Jupiter, Florida for $15.5 million.  The building is fully leased to G4S Secure Solutions USA, Inc. on a long term basis.

G4S Secure Solutions USA, Inc. is one of the largest operating subsidiaries of G4S, the world's largest provider of security solutions, with operations in 125 countries. 

G4S specializes in business processes and facilities in sectors where security and safety risks are considered a strategic threat, with expertise in the assessment and management of security and safety risks for buildings, infrastructure, materials, valuables and people.

"We are excited to add this well located class A office building that serves as the headquarters for a strong tenant to our portfolio," said Matthew Tucker (top right photo), the director of our investment adviser responsible for the transaction.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit

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

 Gladstone Commercial Corporation

Q3 2012 Survey: 18% Of Newly Proposed Condo Units 'Sold' In South Florida

MIAMI, FL -- Developers have "sold" about 18 percent of the 10,500 newly proposed condo and condo-hotel units slated to be constructed in the coastal South Florida region of Miami-Dade, Broward, and Palm Beach counties through the third quarter of 2012, according to a new report from

As of Sept. 27, 2012, buyers have agreed to purchase - categorized as "sales" by developers - more than 1,850 condo and condo-hotel units on a presale basis in the 25 towers with nearly 3,500 units that are currently in the midst of selling or have recently been constructed in South Florida as the region shows signs of recovering from the crash that began in 2007, according to a survey conducted by the licensed Florida brokerage CVR Realty™.

An additional 47 proposed towers with more than 6,900 units are being planned but have not yet launched presales as of the end of the third quarter of 2012, according to the survey that is based on the CVR Realty™ Proposed Condo Projects list.

"The buyer appetite appears to be changing as prices - and competition - for distressed real estate increases in South Florida," said Peter Zalewski (top right photo), a principal with the Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC.

"As prices have increased and inventory has decreased in recent years, some buyers - especially foreign nationals with currency advantages - are seriously looking at preconstruction condos as a way to get into the South Florida real estate market. Domestic buyers, however, appear to be less interested in preconstruction condo projects given the deposits requirements being demanded by developers.

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.

MetWest International Sees Increase in Leasing Activity

TAMPA, FL, Sept. 28, 2012 – MetWest International (above centered photo), MetLife’s mixed-use development located in Tampa’s Westshore Business District, has seen an increase in leasing activity this summer with over 35,600 square feet leased.

Two firms have signed leases this month on the heels of the Ameriprise, BankUnited and Cooper’s Hawk Winery & Restaurant announcements.

Vaco Tampa, LLC, a consulting and placement firm specializing in the finance and technology sectors has leased 4,345 square feet at MetWest One. The firm was represented by Tim Kilkelly with CNL. 

Real Time Staffing Services, Inc. has signed a lease for 2,215 square feet at One MetroCenter.  The firm was represented by Caleb Lewis with Bishop & Associates.

Angela Odell (top right photo) of Taylor & Mathis represented owner MetLife in both transactions.

MetWest International is an award winning, mixed-use center developed by MetLife. Located across from Tampa International Airport and International Plaza in the Westshore Business District, MetWest International includes One MetroCenter, the Gold LEED Certified MetWest One and MetWest Two

A third office building will be started as demand dictates.  Two well known restaurants, Kona Grill and Texas de Brazil, have located their first Tampa locations in the project’s retail village with a third Cooper’s Hawk Winery & Restaurant scheduled to open early next year.  When complete, the pedestrian-friendly, urban-oriented development will include:

Nearly one million square feet of Class A office space
74,200 square foot retail village
260 room full-service upscale hotel
254 residential units 

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

Kelly Anderson