Saturday, October 20, 2012

Diebold Signs Five-Year Lease Extension in Metro Orlando Office Park

SunTech Commerce Park, Lake Mary, FL
 ORLANDO, FL – Lincoln Property Company Southeast has brokered Diebold’s five-year renewal of its 7,319-square-foot lease in SunTech Commerce Park, a campus-style office park in Lake Mary, Fla. 

Jay Dixon, vice president, office, for Lincoln Property Co. Southeast, represented the landlord, and Grant Goodwiller of UGL Equis represented the tenant.

Jay Dixon
Diebold’s space is located in 43 Skyline, a three-story office building that is one of six buildings in the park; the other five are flex office properties. Diebold’s extension is set to expire at the end of 2017.

 “We continue to see increased activity in the metro Orlando office market, and Diebold’s extension is yet further evidence that the sector in central Florida is improving,” Dixon said. “SunTech is an outstanding property, and Diebold’s continued presence will benefit both the park and the surrounding area.”

 SunTech Commerce Park is located close to Interstate 4, highways 17 and 92, and state routes 417 and 434. Residential communities, retail, restaurants and hotels also are nearby. All of the buildings in the park feature security sprinklers, and tenants have 24-hour access to the buildings.

For More Information, Contact

Stephen Ursery
 Wilbert News Strategies LLC

Bull Realty Brokers Sale of 2.4 Acres in Atlanta to Goodwill

2135 Piedmont Road, Atlanta, Ga land aerial
 ATLANTA, GA– Bull Realty has brokered the $2.1 million sale of a 2.4-acre, bank-owned redevelopment site in Atlanta. Goodwill of North Georgia purchased the property, which was previously the site of an antique market and is located at 2135 Piedmont Road, with frontage on Interstate 85 and Piedmont Road. Regions Bank was the seller.

Rob Whitmire
Rob Whitmire, a partner and senior vice president, special asset services, at Bull Realty, and John DeYonker, vice president of land and developer services at the firm, represented the seller in the disposition. David Poer of the David H. Poer Co. and Henry Poer, vice president of retail services for CBRE, represented the buyer.

 “It was important for the seller to close in the third quarter, and we were able to focus our strategy on buyers with the experience and ability to make this happen,” Whitmire said. 

John De Yonker
“Although they are sometimes overlooked, buyers that will occupy or build to suit will generally pay more than the investor speculating on future use and viability. We leave no stone unturned to find the best buyer for each property.”

 The centralized, highly visible location offers easy access to Buckhead and Midtown Atlanta, as well as interstates 85 and 75, Georgia 400 and the city’s rail transit. An estimated 55,120 cars pass by the site daily on Piedmont Road, and 233,170 more cars per day drive by the property on Interstate 85.

 Established in 1925, Goodwill of North Georgia serves a 45-county area with 41 retail stores, more than 60 donation centers and eight career centers.

For More Information, Contact

Stephen Ursery
 Wilbert News Strategies LLC

Voit Brings 259,648-SF La Mirada Distribution Center to 100% Occupancy

Voit La Mirada Distribution Center, La Mirada, CA
Los Angeles County, CA– Dan Berkenfield of Voit Real Estate Services has completed the lease-up of the Voit La Mirada Distribution Center, a 259,648 square-foot multi-tenant industrial business park in La Mirada, CA. which is owned and managed by Voit Real Estate Services.

The property, which consists of eleven industrial units, is now fully occupied, according to Berkenfield, a Vice President in Voit’s Anaheim office.

“The completion of this lease-up speaks to the quality of Voit’s investment, and demonstrates how our firm’s integrated brokerage and asset management teams work together successfully,” said Berkenfield. 

Dan Berkenfield
 “Because Voit is the owner, manager, and exclusive leasing agent for the property, we were able to draw upon our own experts in order to facilitate these transactions and provide prospective tenants and brokers with answers and results quickly.”

Berkenfield also noted that the leasing activity indicates a growing demand for industrial product in the Greater Los Angeles market.

“We are seeing ongoing improvement in the industrial market in LA County,” explained Berkenfield.  “Tenant demand for higher clear height distribution space has increased, and we will likely see further improvement in the market over the next 12 to 24 months.”

To complete the lease-up, Berkenfield recently directed three new lease transactions encompassing 81,004 square feet in the industrial center.

  For a complete copy of the company’s news release and details on the lease transactions, please contact:

Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940

NAI Realvest Negotiates Long Term Renewal Lease with FAA for nearly 50,000 SF of Class A office space at The Citadel in Southeast Orlando, FL

Matt Cichocki
ORLANDO, FL – NAI Realvest recently negotiated a renewal lease agreement for 49,998 square feet in Citadel International III, a Class A office building located at 5950 Hazeltine National Drive in southeast Orlando.

 Principal Matt Cichocki negotiated the transaction along with NAI Realvest Principal Kevin O’Connor and Senior Associate Mary Frances West, CCIM representing the landlord, Citadel Partners, LTD, based at The Villages, Fla. 

Mary Frances West
The tenant is the Federal Aviation Administration, a division of the U.S. Department of Transportation.  The FAA has been a tenant in the building since 1997 and has renewed its lease for another long term. 

 NAI Realvest is exclusive management and leasing representative for the property and West leads The Citadel leasing team that includes NAI Realvest principals Kevin O’Connor and Matt Cichocki.

Kevin O'Connor

 For more information, please contact:

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

Marcus & Millichap Brokers Sale of BNA Apartments in Naples, FL for $946,000

BNA Apartments, Naples, FL
 NAPLES, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of BNA Apartments, a 24-unit apartment property located in Naples, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $946,000.

Michael Donaldson, a senior associate in Marcus & Millichap’s Tampa office represented the seller.

Michael Donaldson
BNA Apartments is located at 4619-4711 Alladin Lane and 4615-4715 Verity Lane.   The property consists of six adjacent buildings, each with their own parcel.  Four of the buildings found on Verity Lane are triplexes that were built between 1978 and 1981 comprised of all two-bedroom and two-bathroom units with attached garages.

The other two buildings on Alladin Lane were built in 1989 and feature a unit mix of two studios and ten two-bedroom and two-bathroom units with screened-in patios.

 Press Contact:

Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700

Marcus & Millichap Announces Sale of Cliftwood Mobile Home Park in Ocala, FL for $2 Million

Cliftwood Mobile Home Park, Ocala, FL
 OCALA, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Cliftwood Mobile Home Park, a 104-space manufactured home community located in Ocala, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $2,025,000.

Dan Mulkey, a vice president investments and senior director of the National Manufactured Home Communities Group for Marcus & Millichap’s Tampa office, had the listing to market the property on behalf of the local seller.  Mr. Mulkey also secured the buyer for the investment, an out-of-state private investor.

Dan Mulkey
Cliftwood Mobile Home Park is located at 7101 Anthony Road.  The community consists of 75 mobile home spaces and 29 RV sites.

“The buyer contacted me looking to perfect a 1031-exchange for a self-storage center he had recently sold in Las Vegas,” said Mulkey.  “He is an experienced park operator and Cliftwood worked well in replacing the income from the Nevada property.”

Press Contact:

Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700

HFF closes sale and arranges financing for Station Plaza on Long Island, NY

Station Plaza, Long Island, NY
NEW YORK, NY – HFF announced it has closed the sale of and arranged financing for Station Plaza, a two-building, 420,433-square-foot office complex in Hicksville, New York.

HFF marketed the complex on behalf of the seller, Duffy HH, LLC.  Ivy Realty was the purchaser.  HFF also arranged acquisition financing through Aetna Life Insurance Company on behalf of the purchaser.

Station Plaza is located at 100, 102 and 110 Duffy Avenue adjacent to the Hicksville LIRR Train Station about 25 miles from Manhattan on Long Island.  

Andrew Scandalios
The two five-story buildings are approximately 36 percent leased to tenants including 1199SEIU, New York Sports Club and Farmers Insurance Group.

The HFF investment sales team representing the seller was led by senior managing directors Andrew Scandalios and Jose Cruz, and managing directors Kevin O’Hearn and Jeffrey Julien.

HFF’s debt placement team was led by senior managing director Jay Marshall.

“Station Plaza is situated in one of the most prestigious and desired suburbs in Long Island due to its proximity to Manhattan, exceptional demographics and convenient transportation infrastructure; train service into the city is only a 45 minute commute,” said Scandalios.

Jose Cruz
Ivy Realty is a full-service real estate investment, development and management company based in Greenwich, Connecticut and Montvale, New Jersey.

The Company was founded in 1996 to acquire and operate value-add commercial real estate assets in select markets within the Northeast Corridor (Boston to Washington, D.C.) and Southeastern Florida.

 Since 1996, Ivy has led the acquisition of more than nine million square feet of office, industrial, multi-family and retail properties in these markets.


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 |

Plans for New Spec Building Announced at Miramar Park of Commerce in Florida

Miramar Park of Commerce, Miramar, FL
MIRAMAR, Fla. – Sunbeam Development has announced plans to build MPC-28, an 80,000 square-foot spec distribution building in Phase 4A of the Miramar Park of Commerce.

            Scheduled for completion in the third quarter of 2013, MPC-28 will be 32-feet clear, 165 feet deep and have a 145-foot non-shared truck court. In addition, the building will be equipped with an ESFR fire sprinkler system, which is ideal for warehouses and distribution centers and offers more efficient protection than in-rack systems.

Andrew Ansin
MPC-28 will be adjacent to MPC-27, an 87,540 square-foot spec distribution building with identical features that will open in the Park later this year and is 55 percent leased. MPC-27 and MPC-28 are the first spec buildings in the Park since 2007.

“There is a growing demand for this space, particularly from national tenants that require state-of-the-art facilities,” said Andrew Ansin, vice president of Sunbeam Development, developer of the Park. “Strong leasing interest in MPC-27 led us to move forward with announcing our plans for MPC-28.”

For more information, contact Ryan Goggins, Maridee Bell or Andrew Ansin at 10212 USA Today Way, Miramar, FL 33025 or call 954-450-7900.

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

Maria Pierson
Pierson Grant Public Relations
954-776-1999, ext. 222
6301 NW 5th Way, Suite 2600
Fort Lauderdale, FL 33309

Altman Companies To Build 300-Unit Rental Development in Pembroke Pines, FL

Altis at Sheridan Village Site Plan
 PEMBROKE PINES, FL  /PRNewswire/ -- Boca Raton, Florida-based The Altman Companies today announced they have closed on 34-acres in western Pembroke Pines and will start construction on Altis at Sheridan Village.

The 300-unit leading edge apartment community, featuring a mix of one, two and three-bedroom apartments, will offer lake and wetland preserve views along with a resort style clubhouse with beach entry pool and spa, pool activities pavilion with fireplace, TV's and outdoor kitchen, cabanas, playground, beach volleyball court, dog park with bathing station, soccer field, a jogging/walking path, vast amount of open space, and a unique opportunity for residents to grow their own organic vegetables and herbs on 10' x 10' plots complete with a composter.

 The new community will be located on Sheridan Street, just west of  I-75.

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

John Bell,

Creative Thinking Allows Checkpoint Technologies, Inc. to Lease 7,700-SF Office Building in Tampa, FL

13603 West Hillsborough Ave., Tampa, FL
 TAMPA, Fla. (Oct. 16, 2012) – A lot of out-of-the-box thinking went into working toward an agreement for Checkpoint Technologies, Inc. to sign a 7,700-square-foot lease of an office property at 13603 W. Hillsborough Avenue in Tampa.

 The property, which had been vacant for more than three years, is in a prominent location with high visibility but is significantly larger than what most Tampa Bay area office users are currently seeking.

Theresa Margaris
Theresa Margaris of Commercial Asset Partners (CAP) Realty, who represented Checkpoint Technologies, and Mark Ganier, broker associate at Re/Max Realtec Group, Inc., who represented the landlord, a private individual named Shelby Randall, were creative in seeking solutions to make the deal work for all involved.

 “Owners have to be flexible with a property like this one,” said Margaris. “In addition to helping align the landlord’s expectations with how it fits in today’s market, we looked for ways to offset expenses for Checkpoint, which is looking at this location as its headquarters.”

Mark Ganier
For example, to negotiate a more affordable rental rate, Checkpoint Technologies agreed to pay for significant tenant improvements, including installing new carpet.

 In addition, Margaris helped coordinate with a nearby tenant that shares parking with Checkpoint Technologies’ new location to piggyback on common-area maintenance services. For instance, the two tenants will share the costs of trash removal, landscaping and other external maintenance issues to bring down overall occupancy costs for both.

Lastly, the property includes a large training room with a raised floor, one control room and a server room. While Checkpoint Technologies, an IT software consulting company, will use that room for its intended purpose occasionally, Margaris recommended the company consider sub-leasing the space to external groups, the income from which will help offset its rent.

 “Checkpoint Technologies outgrew their last space in three years,” said Margaris. “They were looking for a great location that gives them a more prominent image and room to continue growing, so this is a great fit.”

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

Noelle Anderson, APR
Principal & President
True Blue Communications

Marcus & Millichap Names Paul N. Arena Regional Research Director

Paul N. Arena
CALABASAS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Paul N. Arena to regional research director, according to Hessam Nadji, managing director, research and advisory services.

Most recently, Arena was the founder and owner of Venturi Advisors Inc., based in New York City.

Hessam Nadji
In his new role as regional research director, Arena will be responsible for providing market analysis and strategy-related advisory services to the firm’s brokerage clients and supporting its sales agents in the valuation and marketing of properties throughout the Northeast.

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

Stacey Corso
Public Relations Manager
925) 953-1716

$35 Million Multifamily Property Sale Arranged by IPA

The View Apartments, Reno, NV
 RENO, NV– Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has brokered the sale of The View Apartments, two Class A multifamily apartment complexes in Reno totaling 308 units. The sales price is $35 million, which equates to approximately $114,000 per unit.

The IPA team of executive vice president Stan Jones and vice president investments Phil Saglimbeni and Sal Saglimbeni advised the seller, Fore Property Company.

Phil Saglimbeni
Ken Blomsterberg, a first vice president investments with affiliated brokerage firm, Marcus & Millichap Real Estate Investment Services, also advised the seller. The buyer was RPM Company Management Group based in Lodi, Calif.

            “The View’s stable operations, and embedded upside through loss-to-lease capture make it a compelling investment,” says Jones.

            “Residents favor the property’s location both for its exceptional views, and for its proximity to downtown Reno, employment centers, public transportation, schools, shopping, the Reno-Tahoe International Airport and many recreational outlets, ” adds Blomsterberg.

Sal Saglimbeni
“Operations in Reno have steadily improved over the past 12 months, offering investors compelling yields with the ability to originate new financing at historically low interest rates. The combination of these factors results in strong cash on cash returns,” concludes Phil Saglimbeni.

            The properties are situated on a bluff with unobstructed mountain and city views at 1195 Selmi Drive and 1850 Selmi Drive in Reno near the intersection of U.S. Route 395 and the McCarran Loop.

Developed in two phases and completed in 2009, The View includes state-of-the-art fitness centers, resort-style swimming pools and spa, contemporary, well-designed clubhouses with lounges and designer kitchen areas, a fully equipped media room and an executive business center. 

Ken Blomsterberg
Spacious interiors, averaging 1,032 square feet, offer a diverse mix of well-designed floor plans featuring nine-foot ceilings, modern kitchens with high-end finishes, in-unit laundry, private patios and balconies with storage, and overall attractive architectural details.

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

Stacey Corso
Public Relations Manager
925) 953-1716

Colliers International Tampa Bay closes industrial sale for $1M

Jan Boltres
 TAMPA, FL – Supporting a trend of strengthening of sale prices in the industrial market, Colliers International Tampa Bay recently closed a $1.065 million sale of a 25,800-square-foot warehouse, for $41.28 per square foot.

Colliers International Tampa Bay’s Jan Boltres, CCIM, represented the seller, Monument Leasing Company. John Anderson of European Equities represented the buyer, 7902 Anderson Road Crossings, LLC. The buyer plans to occupy the building after significant renovations are made.

John Anderson
According to Boltres, activity in the industrial market remained strong from January to June, with activity dropping off in July. Since then, there has been a strengthening trend in the industrial market, and this sale closed at a strong price compared to several recent sales for buildings of similar condition.

“Recently, pricing for this submarket has been a bit unpredictable,” said Colliers’ Boltres. “There is significant demand, but it’s being held up due to uncertainty with the economy, resulting in hesitant buyers.”

The building, located in a prominently industrial area at 7902 Anderson Road in Tampa, was built in 1981.


Leah Saunders
(727) 895-5030, x104
(813) 924-0367

$20.3 Million Medical Office Building Hits the Market in Port Arthur, TX

Regional Professional Building
 PORT ARTHUR, TX– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing for the Regional Professional Building, a five-story, on-campus medical office building.

            Tanner McGraw, a senior associate at the firm’s Houston office, is representing the seller.

            “This Class A medical office building is currently 96-percent leased to a diverse medical tenant base with a staggered lease expiration schedule to further ensure steady investor revenue,” says McGraw.

Tanner McGraw
“Annual rate increases are already in place to support future NOI growth,” McGraw continues, “and with high-quality construction dating from just 2006, the asset will require few or no capital expenditures.”

The 117,988-square foot property is located at 2501 Jimmy Johnson Blvd., directly adjacent to The Medical Center of Southeast Texas. The building’s convenience and close proximity to The Medical Center make it a unique asset to the Port Arthur market. The property requires a 24 percent down payment, and will provide investors with a 9.35 percent cash-on-cash return.

            “Roughly 35 million individuals are newly slated for healthcare coverage under the Patient Protection and Affordable Care Act,” adds McGraw. “This increased demand for healthcare should result in an equally strong need for medical office space. High-quality, reliably performing assets like the Regional Professional Building should see especially stable returns, as physicians relocate from smaller, aging facilities,” McGraw concludes. 


Stacey Corso
Public Relations Manager
(925) 953-1716