Wednesday, October 10, 2012

Stirling Sotheby’s International Realty Closes $2 Million Sale of 5-Acre Estate on Butler Chain of Lakes in Southwest Orlando, FL

9120 Kilgore Road Dock, Butler Chain of Lakes
 ORLANDO, FL --- Stirling Sotheby’s International Realty recently closed on the sale of a $2 million estate home overlooking Lake Sheen on the Butler Chain of Lakes in southwest Orlando.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said it took only five weeks for International Luxury Home Specialists Sally Andy and David Warren to locate buyers for the estate home.

Sally Andy
Stirling Sotheby’s represented the sellers in the transaction, a French family who built the home at the prestigious  ”Millionaires Row” location as a vacation residence in 2007.

“It’s a remarkable property,” Soderstrom said. The house and its five-acre lakefront home site at 9120 Kilgore Rd. in Orlando boasts four bedrooms and three-and-a-half baths, along with a private swimming pool, dock, boat house and boat lift.

David Warren

Andy and Warren made national news recently when they represented recording artist Joey Fatone in his sale of a Kilgore Rd. estate home for $3.3 million to a family from China.

 “Sally Andy and David Warren are two of the most knowledgeable international marketing experts in Florida,” Soderstrom said. 

For media information contact:

 Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-333-1900;;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142  

Marcus & Millichap Names John C. Barker Sales Manager in Houston, TX Office

John C. Barker
HOUSTON, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named John C. Barker sales manager in Houston, according to David Luther, vice president and regional manager of the firm’s Houston office.            

“John’s extensive commercial real estate knowledge and transactional experience make him a strong asset for our clients and for our investment sales professionals,” says Luther. “He will be instrumental in the training and development of our investment advisors and expanding our national market-making capabilities to clients in Houston and throughout the Gulf Coast region.”

David Luther
Barker began his career with Marcus & Millichap in January 2001 as a multifamily property investment specialist in the firm’s Dallas office. He received numerous sales recognition awards from the firm and was a director in both Marcus & Millichap’s National Multi Housing Group and Special Assets Services division.

Barker received a Bachelor of Science degree in criminal justice from University of Central Missouri.


Stacey Corso
Public Relations Manager
(925) 953-1716

EXIT Realty of Daytona Beach, FL expands offices at 3162 S. Atlantic in Daytona Beach Shores

Aswin Suri
DAYTONA BEACH, FL  --- Exit Realty of Daytona Beach, which specializes in sales of distressed multi-family properties, luxury waterfront homes and condominiums in coastal markets from Volusia County to south Florida and Florida’s Gulf Coast, has expanded its real estate sales center at 3162 S. Atlantic Ave. in Daytona Beach Shores.

 Aswin Suri, president of Exit Realty in Daytona Beach, said he plans to host a grand opening in November to showcase the newly expanded 3,000 square foot sales center.

Daytona Beach skyline
 “Overall, sales of luxury waterfront properties in Florida have doubled as a result of the drop in prices of the housing market, and we are expanding our Daytona Beach Shores sales center to accommodate new associates we will be hiring,” Suri said.

 “International buyers (especially Canadians), northern vacation home buyers and active adults seeking retirement homes have kept the luxury waterfront market relatively stable,” Suri explained.

 “In addition, we have expanded our scope for multi family properties beyond the Volusia market to include Arizona, Nevada and California,” he said.

Suri said he expects to consolidate Exit Realty’s sales and marketing operations in the Daytona Beach Shores sales center. Eventually, Suri said, he expects to have all 40 associates and property management headquartered in Daytona Beach Shores. 

 Aswin Suri, MHA, B.A., Owner, Exit Realty of Daytona 386-383 3000 or;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142;

HFF named to market for sale 95-acre tract of land along Interstate 10 in Katy, TX

Davis Adams
HOUSTON, TX – HFF announced today that it has been named to market for sale a 95-acre tract of land at the intersection of Interstate 10 and Pin Oak Road in Katy, Texas.

                HFF is marketing the site on behalf of the owner, TRISTAR Holdings, a Houston-based investor that has owned the site for approximately 15 years.

                The site has roughly 3,500 feet of frontage along the north side of Interstate 10, on both sides of Pin Oak Road, and additional frontage on U.S. Highway 90. 

“The site is located on the only S curve on Interstate 10 between Houston and Katy, making it one of the most visible sites on the western side of the Energy Corridor,” said HFF Managing Director Davis Adams.  “Situated at the gateway to Katy, it would be ideal for a large, high-end, mixed-use development that would likely include retail, office, medical, hotel and industrial.”

                “The Katy area, with its highly acclaimed school district and large employment base,  is one of the fastest growing suburban markets in the greater Houston area as well as one of the fastest growing markets in the United States in terms of commercial, single-family and multi-housing development,” added Adams.  “This site has never before been available for sale and we expect it to generate tremendous interest given its location and development potential.”


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

Beech Street Capital Closes $16.4 Million Freddie Mac Loan to Acquire Tampa, FL Apartments

Cooper's Pond Apartments, Tampa, FL
BETHESDA, MD – Beech Street Capital, LLC, announced  it closed a $16.4 million Freddie Mac Capital Markets Execution loan used to acquire Cooper’s Pond Apartments, a 463-unit complex in Tampa, Florida.

 Mitch Sinberg and Michael Wallace, senior vice presidents in Beech Street’s Fort Lauderdale and Orlando offices, originated the transaction.

Robbins Property Associates, the borrower, had worked with Beech Street before. Impressed with its experience using Beech Street to finance the acquisition of Ashley Lake Park, a 300-unit complex in Boynton Beach, Robbins decided to return to Beech Street for Cooper’s Pond.

Mitch Sinberg
As in the previous deal, the borrower desired to take advantage of historically low interest rates, and once again, Beech Street was able to secure an early rate lock with Freddie Mac. The team also successfully obtained two closing extensions subsequent to rate lock to accommodate changes to the borrower structure.

“Robbins needed additional time and flexibility, and we found it for them,” Wallace says. “Our job is to make the best possible case for our clients with the agencies.” Clearly Robbins was satisfied. Beech Street is in the midst of underwriting yet another transaction for the firm.

Michael Wallace
Cooper’s Pond Apartments is in the Tampa-St. Petersburg MSA, seven miles from Tampa’s central business district. The property consists of 30, two-story apartment buildings. Amenities include a clubhouse/leasing office, pool, tennis courts, a fitness center with a racquet ball court, a dog park, and laundry rooms.
The fixed-rate loan has a seven-year term and two years of interest-only.

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

Courtney Lewis

Jenifer Bernardi

Morrison Commercial Real Estate Completes $1.8 Million Sale in Longwood, FL

Damien Madsen

ORLANDO, FL (October 9, 2012):  Morrison Commercial Real Estate announced the completion of a sale transaction totaling $1.8 Million.

Damien Madsen of Morrison Commercial Real Estate represented the seller, BankFirst, in the sale of the property located at 2455 S. US Hwy 17/92 in Longwood, FL. 

Wood Belcher and Susan Washburn of CBRE-Orlando represented the buyer, Agree 17/92, LLC, in this transaction.  They will soon begin work in developing a Wawa Store on this site. 

Suzanne Washburn
Wawa, Inc. is a privately owned company that began in 1803 in New Jersey.  With over 595 convenience retail stores, they have recently begun to expand their reach to Florida with an initial focus on the central region. 

  Each store employee’s thirty-five (35) associates for full and part-time positions throughout the development of each store.  Wawa, Inc. has successfully opened its’ 5th store in the Orlando Area as of August 2012.


Buffy Gillette
Phone: 407.219.3500

Easton & Associates Announces Five New Leases in Metro Miami

Jim  Armstrong

 Doral, FL, Oct. 10, 2012— Easton & Associates, the commercial real estate brokerage division of The Easton Group based in Doral, FL, announced five recent industrial leases totaling more than 194, 000 sf.  In each case, Easton associates represented the tenants.

 -Jim Armstrong and Michael Waite of Easton & Associates represented Ameriworld Enterprises, Inc. in leasing 124,000 sf of industrial space at 3325 NW 70th Avenue, Miami.  Harry Wardell, Nick Wigoda and Steve Medwin of Jones Lang LaSalle represented the landlord, Prologis.

 -Jim Armstrong and Michael Waite of Easton & Associates represented Wencor LLC in leasing 29, 500 sf of industrial space at 2000 NW 9th Avenue in Miami. Cushman Wakefield’s Brian Smith represented the landlord, KTR SF II LLC. 

Michael Waite
-Jim Armstrong and Mike Waite of Easton & Associates represented Charleston Aluminum LLC in leasing 20,000 SF of industrial space at 1150 NW 159 Drive in Miami.  The landlord, 159 Drive LLC, was represented by Ronald Kohn of Kohn Commercial Real Estate, Inc.

 -Jim Armstrong and Mike Waite of Easton & Associates represented DSZ Group, Inc.  in leasing 15, 500  SF of industrial space at 16260 NW 49th Avenue in Miami.  The landlord, Palmetto Investors Two, LLC was represented by Bob Communale of Industrial Group Realty.

Kathy Zerbone
 -Kathy Zerbone of Easton & Associates represented Kiskeya Minerals USA, LLC in leasing 5,427 sf of industrial space at 8249 NW 70th Street, Miami.  The landlord, 82 Avenue Industrial Park was represented by Maritza Gonzalez of Commercial Property Group.

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

Todd Templin
Executive Vice President
Boardroom Communications

(954) 370-8999
(954)290-0810 (Cell)
(954) 370-8892 Fax
1776 N. Pine Island Road, Suite 320, Plantation, FL 33322

200 East Condos in Downtown Boca Raton Nears Sellout

200 East, Boca Raton, FL
BOCA RATON, FL -- ‘Tis the season to sell out at 200 East, downtown Boca’s newest luxury condominium. This 115 unit luxury residence just announced that after brisk sales this summer, they are now 85% occupied.

Thirteen units are available for sale right now.  200 East has closed on 22 units and sold more than $19 million since last November 2011. 

The property also had a significant sales surge last season from November 2011 to April 2012 closing on the sale of more than 11 units, including the most exclusive listing in the building, a 4352 sq. foot penthouse unit with breathtaking views.

Lon Tabatchnick
“There’s real action in the Boca Raton market,” said John Poletto, principal of Nestler Poletto Sotheby’s International Realty. “Summer is normally a slow time, but this summer was very successful for us as we did nine million dollars in sales.  That gives us a lot of momentum going into the season when many people come back to South Florida for the fall and winter.”

200 East offers two and three bedroom residences and townhouses priced from $674,900. The property is located at 200 East Palmetto Park Road, Boca Raton, FL

200 East closed sales on three of their most sought after units this summer alone, including two penthouses and a townhouse. “200 East is more than a place to live, it offers a fantastic lifestyle,” said Lon Tabatchnick, developer of 200 East. “Located in the heart of downtown, we are right in the middle where things are happening.”

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

Media Contact:

Amanda DelPrete
Boardroom Communications

Sales Contact

Nestler Poletto
Sotheby’s International Realty