Friday, June 21, 2013

Colliers International South Florida Appointed Leasing Broker for Lakeside Plaza in Fort Lauderdale

           Lakeside Plaza, Fort Lauderdale, FL

FORT LAUDERDALE, FL - Colliers International South Florida has been named exclusive leasing broker for Lakeside Plaza, a 119,339-square-foot premier office building in Broward County's Cypress Creek submarket.

Elias Porras
The brokers representing Lakeside IV, a subsidiary of Delma Realty Services, LLC, owner of the five-story lakefront building at 6301 NW 5th Way, Fort Lauderdale, FL, are Elias Porras, SIOR, CCIM and Ronald A. Schagrin, SIOR, of Colliers International South Florida.

"Lakeside Plaza offers businesses the image, perks and amenities of a Class A building at Class B prices," said Porras, who confirmed that rates are aggressive. "Full service leases allow tenants to manage their overhead effectively, and the building's local ownership and onsite management ensures quick decisions and personal attention to each tenant's needs."

Ronald A. Schagrin
Recently renovated common areas, close proximity to restaurants, financial institutions, lodging, and I-95, and competitive rental rates make Lakeside Plaza a desirable setting for professionals and consumer services. Current tenants include software manufacturers, computer services, public relations, and healthcare, financial, and staffing service firms.

 Contiguous spaces currently available range from 2,160 square feet to 12,154 square feet, all with excellent window lines and views of the adjacent lake.

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

Crystal Proenza
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138

Marcus & Millichap Negotiates $40.7 Million Sale of Arcadia Cove Apartments in Metro Phoenix, AZ

Arcadia Cove Apartments, 2252 North 44th St.
Phoenix, AZ

PHOENIX, AZ– Marcus & Millichap Real Estate Investment Services Inc. has arranged the sale of Arcadia Cove Apartments, a 432-unit multifamily complex in metropolitan Phoenix. The sales price of $40,725,000 equates to $94,271 per unit and $107 per square foot.

Steve Gebing
Steve Gebing, vice president investments and Cliff David, vice president investments, both in Marcus & Millichap’s Phoenix office, represented the seller. The buyer is The Bascom Group of Irvine, Calif. in coordination with its local affiliate, Bascom Arizona Ventures LLC, based in Scottsdale, Ariz.

“Some of the largest employment centers within the metropolitan region surround the periphery of Arcadia Cove, including the 44th Street and Phoenix Gateway office corridors, which combine to offer more than 5 million square feet of office space,” says Gebing.

 “In addition, nearby Papago Park Master Plan adds to the viability of the area’s economic prosperity with 2.3 million square feet of commercial space.”

Cliff David
            The 379,296-square foot property is located at 2252 North 44th St. just south of Phoenix’s affluent Arcadia neighborhood.

Developed by Picerne Real Estate Group in 1996, Arcadia Cove features spacious one-, two- and three-bedroom apartment homes with fully equipped kitchens, full-size washers and dryers and abundant storage space with large walk-in closets. Select apartment interiors offer vaulted ceilings, wood-burning fireplaces and wood-style flooring.

 “The potential for growth and opportunity in the region is enhanced by the trajectory of the nearby Discovery Triangle, a 25-square mile area that spans the urban cores of Phoenix and Tempe, and is home to nearly 7,000 businesses with more than 150,000 employees working within the region each day,” adds David.

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

Ben Johnson
Marketing Director
(925) 953-1736

Net-Leased South of Fifth Street Site in Trendy Miami Beach Neighborhood Available for $22 Million

                              Gateway to Miami Beach, two-building site 
                              at 1100 Fifth Street, Miami Beach, FL

MIAMI BEACH, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has been awarded the exclusive listing for the Gateway to Miami Beach, a two-building, 18,136-square foot net-leased site in Miami Beach’s exclusive South of Fifth neighborhood.

Scott Sandelin
The listing price of $22 million equates to $1,213 per square foot.

            Scott Sandelin, a senior associate in Marcus & Millichap’s Miami office, is representing the seller, a private party who developed the site.

            “Investor capital is flowing into Miami Beach in search of stable retail assets with quality tenants,” says Sandelin. “The irreplaceable, one-of-a-kind Gateway to Miami Beach site features two buildings with national tenants, Pier 1 Imports and Burger King.

“The Miami Beach market continues to mature, and this highly sought after site has liberal zoning that will allow for many different options in the future,” adds Sandelin. “Creative redevelopment will provide a significant increase in NOI and the property’s overall value.”

South Pointe Park, Miami Beach, FL
The Gateway to Miami Beach is located at 1100 5th St. in Miami Beach. Traffic counts along 5th Street total 92,000 cars per day.

            National retailers Best Buy, Petco and Staples are located in the immediate vicinity and a Publix Super Market is situated nearby.

            The South of Fifth neighborhood has become the most expensive section of Miami Beach. The area features some of the city’s most exclusive restaurants and 18-acre South Pointe Park.

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

Ben Johnson
Marketing Director
(925) 953-1736

Equity Partners negotiates Long-term Seaside Bank Lease in Downtown Orlando, FL

Faith Thompson
ORLANDO, FL – Mike Fess and Faith Thompson of Equity Partners, Inc. represented Seaside National Bank and Trust in the long-term Renewal and Expansion of Seaside’s 25,600 square foot headquarters, at Seaside Plaza, 201 S Orange Avenue.

Michael Fess
Catherine Reeves of Highwoods Properties represented the Landlord.


Faith Thompson
Leasing Manager
Equity Partners, Inc.
Licensed Real Estate Broker
20 North Orange Avenue
Suite 605
Orlando, Florida 32801
407.660.4949 phone
407.808.2656 cell
407.660.4995 fax