Saturday, November 3, 2012

NAI Realvest Negotiates Two Leases Totaling Nearly 32,000 SF at Kissimmee Shopping Center in Central Florida

Paul P. Partyka
 ORLANDO, FL – NAI Realvest recently negotiated two new long-term lease agreements totaling nearly 32,000 square feet at Kissimmee Shopping Center on Old Vineland Road in Kissimmee.

Paul P. Partyka, managing partner at NAI Realvest negotiated the transactions representing the landlord, Herndon, Va.-based KVOS, LLC.

 Airsoft City Indoor Arena leased 28,830 square feet at 2523 Old Vineland Rd.   The Kissimmee Shopping Center is Airsoft’s third location following openings in the Orlando International Airport and Winter Park areas, Partyka said.  

Kissimmee Shopping Center, Kissimmee, FL
At the same time Andover, Mass. based Converse, Inc. leased 4,138 square feet at 2549 Old Vineland Rd. in the Kissimmee Shopping Center and was represented by Brenda Wurtz, Brenda Wurtz Real Estate Group of Newtown, Conn.

 Other major tenants at Kissimmee Shopping Center include Nike, Beall’s and Dollar Tree.

For more information, contact

Paul P. Partyka, Managing Partner, NAI Realvest, 407-875-9989,
Patrick Mahoney, President, NAI Realvest, 407-875-9989,
Beth Payan or Larry Vershel, Larry Vershel Communications, Inc., 407-644-4142 

Discover What’s Driving Downtown’s Growth at the 10th Annual Development Day

A.J. Robinson

ATLANTA, GA – Central Atlanta Progress (CAP) salutes another year of achievements in economic development at Downtown Development Day on Wednesday, November 7.

Now in its 10th year, Development Day is the premiere event convening key stakeholders from the region’s real estate and economic development sectors.

Development Day kicks off at 7:15 a.m. at Americas Mart with a networking and breakfast reception that leads into the opening session featuring remarks from CAP President A.J. Robinson and the Department of Energy’s Maria Vargas, among others. Activities and sessions go until Noon, followed by an optional lunch from Noon to 1:30 pm.

This event marks the one year anniversary of the launch of the Atlanta Better Buildings Challenge (BBC) and also pays tribute to some of Downtown’s champions with awards including the Atlanta Downtown Design Excellence Award (ADDEA), Atlanta BBC Award and Economic Impact Award, which this year will be given to Legacy Property Group.

Presented in partnership with Atlanta magazine, ADDEA showcases the year’s best design in three categories: Office, Community/Residential and Bar/Restaurant/Retail. The Economic Impact Award recipient has made lasting and positive changes for the Downtown community; and the Atlanta BBC Award honors a property owner whose exemplary results deserve recognition.

“Atlanta magazine is vested in Downtown, and Central Atlanta Progress has been a valued partner of the magazine for many years. Downtown Development Day is just one of the many important CAP initiatives that shine a spotlight on the continued growth and prosperity of the Downtown business district,” said Sean McGinnis, publisher of Atlanta magazine.

 “From design and architecture to sustainability, Downtown Development Day and the accompanying ADDEA showcase smart growth for downtown businesses, residents and visitors alike. Atlanta magazine is proud to play a part."

Attendees are invited to peruse the more than 40 exhibitors at the Development Day Expo, and can also participate in breakout sessions featuring interactive panel discussions on topics including Downtown’s sustainability assets, its strong Millennial demographic growth and more.

“No other event speaks to the strength of Downtown’s economy more than Development Day, and we look forward to bringing together more than 600 of the city’s top professionals in urban development, community leadership, finance, real estate and more,” said A.J. Robinson, President of Central Atlanta Progress and the Atlanta Downtown Improvement District.

Reznick Group and Atlanta magazine are Gold sponsors for Downtown Development Day. Silver level sponsors include: AMC, breensmith, Cousins Properties Inc., CREW, Georgia Power and Silverman Construction.

 Bronze level sponsors are: Balfour Beatty Construction, Boxer Property Management Corporation, Broadcast Atlanta, Georgia Pacific Center, Integral Group, Invest Atlanta, Legacy Properties, Parkway Realty, Piedmont Healthcare, Resource, Richard Bowers, Stites & Harbison, Turner Broadcasting, TUFF and Working Buildings.

Downtown Development Day is approved by the Georgia Real Estate Commission for real estate continuing education credit, and may also be available for continuing education hours for LEED Accredited Professionals. For a complete schedule and to purchase tickets, visit

Media Contact:
Karen Hatchett

American Realty Capital Trust Buys Family Dollar Property in Miami, FL

David Wells
 MIAMI, FL, OCTOBER 31, 2012 A Corporate leased Family Dollar (NYSE: FDO) in Tampa, FL has just been acquired by one of the largest Real Estate Investment Trusts in the Nation and was sold by one of the Southeast Region's largest Developers.

The purchase price was $1,052,000 and represents an 8.4% cap rate. The property is located at 8331 North Nebraska Avenue.

The transaction represents a trend of large institutional players deploying capital back into the real estate market after waiting patiently on the sidelines the past few years.

The buyer, American Realty Capital Trust (NASDAQ: ARCT) out of New York, is one of the largest real estate REITs in the Nation and controls over 507 properties comprising 15.8 million rentable square feet.

American Realty Capital was recently acquired by Realty Income Corp. (NYSE: O) for $1.9 billion.

Kase Abusharkh,
The seller was Sand Dollar, LLC one of the Southeast Region's largest Dollar Store developers.

David Wells, Managing Director of the Wells Net Lease Group of Sperry Van Ness based out of Miami represented the seller. The property is part of a large portfolio being marketing for the seller by Mr. Wells.

David Wells and his Net Lease team were awarded the assignment of selling a $6,000,000 portfolio of Dollar stores for the owner earlier this year. Mr. Wells has become one of the industries leading broker's of Net Lease Dollar Stores in the nation and an expert in the market segment.

Mr. Wells has analyzed, marketed and closed over $150,000,000 of dollar stores over the past 12 months.

"Retail has undergone profound changes over the past few years and the Family Dollar and Dollar General business models have adjusted accordingly,” said Wells.. “The smaller footprint (average 10,000 square feet), increased amount of perishable goods and upgraded stores provide a welcoming alternative for a consumer who is not as comfortable walking into a supercenter the size of a sports arena.

“The net lease structure and investment grade credit (S&P BBB-) of both Family Dollar and Dollar General make the assets attractive for investors.”

Kase Abusharkh, Managing Director of The Kase Group in Danville, California represented American Realty Capital Trust. Mr. Abusharkh has represented the buyer in several transactions over the past few years.

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

David Wells

Winter & Co. Closes $24.44 Million Debt and Equity for new TriBeCa Condominium Development in New York City

Gregg Winter
 NEW YORK, NY, Nov. 3, 2012 -- Winter & Company( has closed $24,446,710 in debt and equity financing in connection with a multi-phase transaction to acquire, design and build a six-unit, amenity-rich, luxury condominium development on a quiet street between West Broadway and Hudson Street in TriBeCa, NYC.

Initially Winter & Company arranged a $6,000,000 bridge loan to facilitate the $10,000,000 site acquisition. The acquisition/bridge loan carried a rate of 4.5% and a term of 24 months, interest-only.

Hudson Street in Tribeca neighborhood

Then, during the time that the project was being designed and presented for approvals to the D.O.B. (the NYC Dept. of Buildings) and the LPC (the Landmarks Preservation Commission), Winter & Company sourced a Joint Venture Equity partner, adequately capitalizing the project and allowing the developer to recover the majority of his original equity contribution.

The $16,160,000 construction loan carries a rate of 4.5% and a term of 24 months. As is typical in today’s development deals, the construction loan equates to a loan-to-cost of approximately 63% and is personally guaranteed by a developer with strong net worth, liquidity and a track record of relevant experience of building and successfully selling luxury property in TriBeCa, NYC’s priciest zip code.

Textile Building, Tribeca district
The joint venture equity partner sourced by Winter & Company will make an initial equity contribution to the Venture of $8,286,710 and will add bandwidth to the project’s sponsorship both in terms of financial strength and experience.

While this project aims at the ultra-high end, $2,500+ per square foot market, there is far more demand than supply in this rarified market segment, and the developer has proven that he knows how to deliver the correct design, finishes and amenities needed to complete construction and successfully sell at that level.

 Winter & Company is a Manhattan-based, commercial mortgage advisory firm that specializes in arranging development and construction financing, financing for multifamily and mixed-use properties, and arranging cooperative underlying mortgages.

Its affiliate, W Financial Fund, LP ( is a direct private bridge lender providing short-term, special situation financing primarily for NYC multifamily and mixed-use properties.


Gregg Winter - President
Winter & Company Commercial Real Estate Finance
Creative Minds | Unparalleled Service ®
149 Madison Avenue, Seventh floor
New York, NY 10016
Phone: 212 532-1122 x1