Friday, May 10, 2013

Marcus & Millichap Sells 15-Unit Apartment Building in Oakland Park, FL for $1.02 Million

16-Unit Apartment Building, Oakland, Park, FL

OAKLAND PARK, FL, May 10, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 16-unit apartment property located in Oakland Park, FL. The asset commanded a sales price of $1,020,000.

Joseph P. Thomas
Joseph P. Thomas, an Associate Vice President Investments, and Adam Duncan, an Associate, both in Marcus & Millichap’s Ft. Lauderdale office, represented the seller, a private investor from Fort Lauderdale, FL.  The buyer, a private investor from Sunny Isles, FL was also secured and represented by Thomas and Duncan. 

Adam Duncan
The building was constructed in 1974 and contains a unit mix of eight one bedroom/one bathroom units and eight two bedroom/one bathroom units. The property is located at 4075 NE 1st Avenue in Oakland Park, FL.

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

Gregory Matus
Regional Manager / Vice President
Fort Lauderdale, FL
(954) 245-3400

Morrison Commercial Real Estate Complete 6,274+ SF Lease Renewal at Oasis Office Centre in Altamonte Springs, FL

Christi Davis
ORLANDO, FL (May 10, 2013):  Morrison Commercial Real Estate announced the completion of a lease renewal totaling 6,274± square feet.

Christi Davis, CCIM of Morrison Commercial Real Estate represented the Landlord in renewing 6,274± square feet to Sediv Investors, LLC at 940 Centre Circle located at Oasis Office Centre in Altamonte Springs, FL. 

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

Marylyn Tryon
Administrator and Marketing Assistant
Morrison Commercial Real Estate
255 S. Orange Avenue, Suite 1545
Orlando, Florida 32801
407.219.3500 | 407.219.3501 fax
407.440.6639 Direct Dial (Please Note)

Rockwood Capital and Marshall Property & Development Jointly Acquire Rhythm & Hues Campus in El Segundo, CA


                    Former home of Rhythm & Hues Studios
                    El Segundo, CA

LOS ANGELES, CA, May 10, 2013 – Rockwood Capital and Marshall Property & Development announced today that they have acquired a three building, 200,000-square-foot office campus located in El Segundo, California, in an all cash transaction. Terms of the transaction were not disclosed.  The property is the former home of Rhythm & Hues Studios.

“For more than 30 years, this property has been flying below the radar—100% occupied by various owner/occupiers and quietly operating within the marketplace. 

"We will re-introduce the complex to the market with a fresh and relevant new look and feel,” says John MacDonald, Vice President of Acquisitions for Rockwood Capital.

“The Rhythm & Hues campus provides a unique value-added investment opportunity centrally located in the South Bay/West LA markets,” said Paul Marshall, President of Marshall Property & Development.  “The existing architecture and unique campus setting provide us with a great opportunity to create what today’s tenants are looking for - indoor and outdoor gathering areas which allow tenants to interact in a creative environment."

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

David Ebeling
Ebeling Communications
(949) 861-8351

Lincoln Property Company Southeast Brokers Leases Totaling More than 25,400 Square Feet at Northwoods Business Center in Suburban Atlanta

Northwoods Business Center, Norcross, GA

ATLANTA, GA (May 10, 2013) – Lincoln Property Company Southeast (Lincoln) has brokered three leases totaling 25,470 square feet at the Northwoods Business Center in Norcross, Ga. Lincoln leases the 111,000-square-foot office park, located at 3000 Northwoods Parkway, on behalf of OA Development.

Hunter Henritze
 Hunter Henritze and Michael Howell, both vice presidents of office leasing for Lincoln, and Jeff Henson, a senior associate in the firm’s Office Leasing Group, represented OA Development in the transactions.

 The details of the transactions are as follows:

• Intertek extended and expanded its lease by 8,332 square feet. The firm now occupies 18,696 square feet at Northwoods Business Center. Ward Green of Green Commercial Properties represented the tenant.

• Peachtree Environmental signed a new lease for 4,200 square feet. Doug Eidson of The Eidson Group represented the tenant.

Michael Howell
• Feelux Lighting signed a new lease for 2,574 square feet. Wills Allen of Newmark Grubb Knight Frank represented the tenant.

Lincoln represents OA Developments’ metro Atlanta portfolio, which consists of 750,000 square feet. In addition to Northwoods Business Center, the portfolio includes Royal Phoenix Business Center in south Atlanta, Peachtree Corners Technology Center in Norcross, 2400 Lake Park Drive in Smyrna, Bluegrass Promenade in Alpharetta and Lakeview 400 in Alpharetta.

Tony Bartlett
“The market expertise and leasing know-how of Hunter, Michael and Jeff have proven to be the perfect complements to an improving economy and Atlanta office market,” said Tony Bartlett, senior vice president for Lincoln who oversees the firm’s Atlanta office. “They have done a remarkable job in creating steady leasing activity in our OA Development portfolio, and they are driving great results for this landlord client.”

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

Stephen Ursery
The Wilbert Group

Chatham Lodging Announces Monthly Dividend

PALM BEACH, FL, May 10, 2013—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels, today announced that its board of trustees has declared a monthly common share dividend of $0.07 for May 2013.  The common dividend is payable June 28, 2013, to shareholders of record on May 31, 2013.

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

  Jerry Daly                                                                                   
Daly Gray Public Relations                                                   
(703) 435-6293                                                                           
Dennis Craven
Chief Financial Officer
(561) 227-1386  

Voit Becomes Sole Regional Firsm to Rank in Nation’s Top 10 for Industrial Investment Sales

Mark Read

           Orange County, CA– According to statistics just released by national market research firm Real Capital Analytics, Voit Real Estate Services is the only regional real estate firm which ranked in the top ten nationally in industrial investment sales in the first quarter of 2013.

 Voit, a full-service commercial real estate provider serving the Southwestern U.S., was named in the top ten in a new 2013 quarterly report, alongside nine national and global firms.

          “This achievement is a direct result of our firm’s recent expansion initiative, through which we have aggressively recruited top talent in each of the markets we serve,” said Mark Read, Executive Managing Director for Voit Real Estate Services.  “We have added more than 20 brokers in the past 12 months, and we are well equipped in each market, with strong experts who are capable of closing substantial deals.” 

          The Real Capital Analytics report, which ranks the top industrial brokers of Q1 2013 by transaction volume, includes statistics on all investment sales over $2.5 million in value.

          With $273 million in total investment sales during 2013’s first quarter, Voit was ranked as number six in the country for flex deals, and as number five in the Western Region of the U.S. for all industrial transactions.

          In addition to Voit, the top ten industrial brokers included in Real Capital Analytics’ Q1 2013 report included CBRE, Eastdil Secured, Cushman & Wakefield, Jones Lang LaSalle, HFF, Colliers International, Newmark Grubb Knight Frank, Stan Johnson Co., and NAI Global.

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

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

Cohen Commercial Realty Brokers Two New Retail Leases in South Florida


 Nclex Junkie Signs 1,442-SF Least at Mil-Lake Plaza in Greenacres, FL

Greenacres, FL— Bryan S. Cohen, William Soled, and Jason Guralnick announced today the signing of Nclex Junkie, to lease a 1,442-square-foot unit at Mil-Lake Plaza located on the northwest corner of Lake Worth Road and Military Trail. Cohen Commercial Realty represents the landlord of the property. They join Big Lots and CVS in Mil-Lake Plaza.

Pollo Tropical Signs 3,500-SF Lease at Stuart Square in Stuart, FL

Stuart, FL— Bryan S. Cohen, Chris Haass, and Eddie VanderWerff announced today the signing of Pollo Tropical, to lease a 3,500-square-foot free standing drive-thru on an outparcel at Stuart Square located on the northwest corner of U.S. Highway One and Monterey Road.  Cohen Commercial Realty represents Pollo Tropical. They join Winn Dixie, Big Lots, and Planet Fitness in Stuart Square.

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

Jamie Crocker 561-471-0212
Cohen Commercial Realty, Inc.
P.O. Box 223244
West Palm Beach, FL 33422

Angie Ruiz
Cohen Commercial Management, LLC.
Cohen Commercial Realty, Inc.
5041 Okeechobee Blvd.
West Palm Beach, FL 33417
PO BOX 223244
West Palm Beach, FL 33422
561.471.0212 - Office
561.471.5905 - Fax