Thursday, May 23, 2013

Morrison Commercial Real Estate Complets Two Lease Transactions in Orlando, FL Totaling 10,707+ SF

                                     Gateway Center, 1000 Legion Place, Downtown Orlando, FL

ORLANDO, FL (MAY 23, 2013):  Morrison Commercial Real Estate announced the completion of two lease transactions totaling 10,707± square feet.

Emily Zinaich
Emily Zinaich of Morrison Commercial Real Estate represented the landlord in leasing 8,850± square feet to Aerial Cartographics of America, Inc. at 423 South Keller Road, Orlando, FL.  Derek Greulich and Andy McCaw of Mohr Partners represented the tenant in this transaction.

 Zinaich also represented the landlord in leasing 1,857± square feet at the Gateway Center building located at 1000 Legion Place in Orlando, FL.  Tony Guglielmi and Mark Stratman of Jones Lang LaSalle Brokerage, Inc. represented the tenant, ZipRealty, Inc. in this transaction.   

 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)

Cousins Properties Breaks Ground on Austin, TX Office Tower

                                        Colorado Towers rendering, Downtown Austin, TX

Larry Gellerstedt
AUSTIN, TX -- Cousins Properties Incorporated (NYSE: CUZ) has commenced construction on Colorado Tower, a 371,000-square-foot, Class-A office development in Downtown Austin, Texas.

 The 29-story building, designed by Duda/Paine Architects, will be the first high-rise tower built in Austin since Cousins developed Frost Bank Tower in 2003. The formal ground breaking ceremony is scheduled for June 4th.

“We have a long, successful history in Austin and are very excited about the prospects for Colorado Tower,” said Larry Gellerstedt, President and Chief Executive Officer of Cousins. “This building – with its great location and best-in-class amenity package – is particularly well positioned to capitalize on the vibrant market in Austin’s central business district.”

Frost Bank Tower, Downtown Austin, TX
Located in the heart of Downtown Austin’s Warehouse District, Colorado Tower will offer a variety of amenities, including a top quality fitness facility and state-of-the-art conference center. 

The building is being developed under the Austin Energy Green Building 2 star program and will be substantially complete by December 2014.

Pre-leasing activity has been strong, with two high-profile companies – DuBois, Bryant & Campbell LLP and Scott, Douglass & McConnico LLP – officially committed to the building and several other prospective tenants in active discussions.

Palisades West, Austin, TX

Cousins has played a prominent role in the Austin real estate market for more than 20 years, with a list of notable projects including Frost Bank Tower, Palisades West, and the recent acquisition of 816 Congress.

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

Cousins Properties Incorporated
Tim Hendricks, 512-477-3434
Senior Vice President
Cameron Golden, 404-407-1984
Vice President, Investor Relations and Corporate Communications

Lincoln Wins Assignment to Lease and Manage 1165 Northchase Parkway in Metro Atlanta

                                 1165 Northcase Parkway, Marietta, GA

 ATLANTA, GA (May 23, 2013) – Lincoln Property Company Southeast (Lincoln) has been awarded the exclusive leasing and property management assignment for 1165 Northchase Parkway, a four-story, 89,568-square-foot office building in Marietta, Ga., in metro Atlanta’s Cumberland/Galleria submarket.

Hunter Henritze
 JP Partners is the new owner of the building, which is the second metro Atlanta asset purchased by the Dallas-based firm; the company acquired Parker Court Business Park in Stone Mountain in 2012. 1165 Northchase is part of the Northchase Office Park located near the intersection of interstates 285 and 75.

 Hunter Henritze, vice president of office leasing for Lincoln, and Jeff Henson, a senior associate in the firm’s Office Leasing Group, will lease the building, which features several move-in-ready spec suites and can offer two full floors (50,000 square feet) of contiguous space.

Lincoln will oversee a robust capital improvement plan that will include renovations to restrooms and common areas, as well as enhancements to the building’s operating systems.

Jeff Henson
 “We are tremendously excited about this assignment and are extremely appreciative of the confidence shown in our team by JP Partners,” said Tony Bartlett, a senior vice president for Lincoln who oversees the firm’s Atlanta office.

 “We believe this asset fills a niche in the I-75 office corridor, and this unique location, coupled with new, best-in-class finishes, will ensure success in leasing the building.” 

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

Stephen Ursery
The Wilbert Group

Marcus & Millichap Names Tony Solomon Vice President

Tony Solomon

 CALABASAS, Calif., May 23, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Tony Solomon vice president, according to John J. Kerin, president and chief executive officer.

“Tony brings extensive knowledge and experience to the position of vice president gained from his time as a successful sales agent and in his management roles with the firm,” says Kerin. “He will continue to be a great resource for our clients and agents in Los Angeles and throughout Southern California.”

Solomon serves as regional manager of the firm’s West Los Angeles office, a position he has held since 2011.

John J. Kerin
Solomon began his career with Marcus & Millichap in May 1998 as an investment property specialist in the firm’s Los Angeles office. He became the sales manager of the Los Angeles office in July 2000.

After leaving the firm in 2001 and earning recognition as a top multifamily broker at two other commercial real estate companies, Solomon returned as sales manager of Marcus & Millichap’s West Los Angeles office in 2010.

Prior to joining Marcus & Millichap, Solomon worked for several years as a land use consultant for a number of domestic oil companies. He is also a feature-length film screenwriter and member of the Writers Guild of America, West.

Solomon graduated from the University of California, Santa Barbara with a degree in political science, with an emphasis in international relations and a minor in Japanese.

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

Ben Johnson
Marketing Director
(925) 953-1736

National Retail Properties, Inc. Prices Depositary Shares Representing Series E Cumulative Redeemable Preferred Stock

                                    New York Stock Exchange Trading Floor

ORLANDO, FL /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has priced an underwritten public offering of 10,000,000 depositary shares, each representing a 1/100th interest in a share of its newly designated 5.70% Series E Cumulative Redeemable Preferred Stock, at a price of $25.00 per depositary share.

As part of the offering, the Company granted the underwriters a 30-day option to purchase an additional 1,500,000 depositary shares to cover over-allotments, if any.  The offering is expected to close on or about May 30, 2013, subject to customary closing conditions.

 The Company intends to apply to list the depositary shares on the New York Stock Exchange under the symbol "NNNPRE".  If its application is approved, the Company expects trading of the depositary shares on the New York Stock Exchange to commence within the 30-day period after the initial delivery of the depositary shares.

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

40,659-SF Shopping Center Building in Tampa, FL Sells for $5.4 Million

                                   Terrace Oaks Plaza, Tampa, FL

 TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Terrace Oaks Plaza, a 40,659-square foot shopping center located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The $5,400,000 sales price equates to $133 per square foot.

James Medefind
James Medefind and Patrick Whitney, investment specialists in Marcus & Millichap’s Tampa, Florida and Dallas, Texas office, had the exclusive listing to market the property on behalf of the local seller, a private investor.  Medefind procured the international buyer, a partnership based in Canada.

Terrace Oaks Plaza was built in 1986 and is located at 11301 North 56th Street.  This fully stabilized shopping center is located within walking distance of the University of South Florida, one of the nation’s largest universities.  Other nearby attractions includes Busch Gardens, Adventure Island, the Museum of Science and Industry (MOSI) and the Sun Dome.

Patrick Whitney
“Financing was a key element in getting this deal closed.  Non-recourse financing is available again for quality, stabilized assets,” said Medefind in a statement.  “There were a total of nine offers from a mix of local and international investors.” 

He adds, “The seller benefited from our ability to access capital from outside markets and we found a seasoned foreign buyer who was able to purchase a quality deal here in Florida.”
 For a complete copy of the company’s news release, please contact:

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

Serial Entrepreneur Randy Frey is Keynote Speaker at June 12 Forum in Winter Park, FL hosted by Rollins College CFAE, GrowFL and CEO Nexus

                   Rollins College Center for Advanced Entrepreneurship, Winter Park, FL

Winter Park, FL(May 23, 20123) -- Randy Frey, a serial entrepreneur who turned his expertise in lasers and electro-optics into a billion-dollar corporation, will be the keynote speaker at a forum of area CEOs and corporate principals hosted by Rollins College Center for Advanced Entrepreneurship, GrowFL and CEO Nexus on June 12.

Randy Frey
Frey, a former aerospace engineer and member of the NASA Space Technology Hall of Fame, is a founding sponsor and member of the board of directors of the Center for Advanced Entrepreneurship at the Crummer Graduate School of Business at Rollins College.

Steve Quello, president of CEO Nexus, said Frey is the founder of Autonomous Technologies, which developed advanced technologies that revolutionized cataract and Lasik surgery. 

The CEO Forum begins at 6 p.m. at Rollins College at Winter Park Plaza on Fairbanks Ave.    Quello said area CEOs and corporate principals invited to attend the Rollins Forum should be registered at    

Steve Quello
“Getting up close and personal with industry leaders like Randy Frey is a rewarding experience for all who are fortunate enough to attend this forum,” said Dr. Tom O’Neal, executive director of GrowFL and associate vice president for Research and Commercialization at UCF.

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

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142,