Saturday, November 9, 2013

NAI Realvest negotiates sales valued at more than $2.9 Million for Industrial Buildings in Apopka, FL and Lake Mary, FL

600 Technology Park Drive, Lake Mary, FL

Tonya Giddens
ORLANDO, FL – NAI Realvest recently negotiated the sales of two buildings totaling 95,000 square feet of industrial space in Apopka and Lake Mary for more than $2.9 million.

 Michael Heidrich, principal in the firm who negotiated both transactions, represented Seller John H. Talton Enterprises, Inc. of Vidalia, Ga. in the sale of 600 Technology Park Drive in Lake Mary. 

 The buyer, Advanced Dental Materials, LLC who was represented by Michael Fronk of Fronk & Co., paid $1,951,475 for the 60,000 square foot building for the expansion and relocation of its operations from Altamonte Springs.  

Michael Heidrich

Heidrich also negotiated the sale of a 35,000 square foot industrial facility at 2104 and 2052 Platinum Rd. in Apopka to Rhyne Investment, LLC for $950,000 representing the seller, DMJ Investment Trust of Marion County, Fla.   Tonya Giddens of Michael O’Shaugnessy, Inc. represented the buyer.

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

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

Emerson International Reports New Long-Term Office Leases Totaling 13,300 SF-+ in Altamonte Springs, FL and Orlando, FL

Major Plaza I building5728 Major Plaza Boulevard, Orlando, FL

Kenneth Koch
Altamonte Springs, FL --- Emerson International recently negotiated three new long-term office leases in Altamonte Springs and Orlando that total more than 13,300 square feet.

Kenneth Koch, director of leasing for Emerson International, negotiated all three lease agreements representing the landlord.

USIS, a division of insurance giant Brown & Brown, leased 8,761 square feet of Class A office space in the Centerpointe I office tower at 240 E. Central Parkway in Altamonte Springs.  Joseph Schuemann of Blue Rock Real Estate Services, LLC represented the tenant.

Nirvana Health Services leased 3,428 square feet in the Centerpointe II office tower next door, at 220 E. Central Parkway. 

Centerpointe One, Altamonte Springs, FL
In Orlando, the law firm of Brian Michael Mark P.A. leased 1,176 square feet of office space in the Major Plaza I building at 5728 Major Plaza Blvd. near International Drive in southwest Orlando.

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

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

NAI Realvest Negotiates New Lease of Former PNC Bank Branch in Sanford, FL for upscale auto sales business

Mitch Heidrich
 SANFORD, FL – NAI Realvest recently negotiated a new lease agreement for the 4,700 square foot retail building and parking lot that was formerly a PNC Bank branch at 3850 Orlando Drive in Sanford. 

Kevin O'Connor
 Mitch Heidrich associate at NAI Realvest, Kevin O’Connor and Matt Cichocki, principals at the firm, negotiated the transaction representing the landlord HERDOR, LLC of New York, N.Y.

The local tenant, Off Lease Financial, Inc., will operate its upscale auto sales business at the site located on the corner of U.S. 17-92 and Lake Mary Blvd.

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

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

NAI Realvest Appoints Veteran Commercial Brokers Jeffrey Tanner and Kimberly Manson to Top Executive Positions in Orlando, FL

Kimberly Manson
ORLANDO, FL --- NAI Realvest has appointed veteran commercial property broker Jeffrey Tanner Senior Vice President of Investment Sales and Leasing and longtime professional partner Kimberly Manson Director of Retail and Investment Sales.

Robin Webb, CCIM, Managing Director of NAI Realvest, said Tanner and Manson rank as one of the region’s top performing commercial broker teams and have been working together for more than six years.  

They have been repeatedly recognized as a top-producing team by Central Fla. Commercial Assn. of Realtors and CoStar.

Tanner earned his B.A. Degree in Business Finance from the University of South Florida in 1980 and has more than 30 years of experience as a commercial real estate broker.

Jeffrey Tanner
Manson earned her B.A. Degree from Rollins College in 2005 while serving as an intern in commercial brokerage at NAI Realvest, and has nine years of experience.

Tanner and Manson will work together as a commercial broker team at NAI Realvest, Webb said. They cover a wide range of specialties including representation of buyers, sellers, landlords, and tenants of retail, office and industrial properties.  
Robin Webb

They also handle site selection and liquidation for several regional and national companies, along with performing property evaluation and investment analysis for their clients.

“Jeffrey Tanner and Kimberly Manson are very well known in the commercial real estate community for their diligence and their knowledge of our industry and the Central Florida market,” Webb said.

“We are delighted to welcome them to NAI Realvest and we expect them both to play a big role in our growth in the Central Florida market,” Webb added.

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

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

NAI Realvest Negotiates Sale of Industrial facility in Sanford, FL for $3 Million

George Livingston
ORLANDO, FL– NAI Realvest recently negotiated the $3,000,000 sale price for a 242,000 square foot warehouse and distribution facility at 1201 Cornwall Rd. in Sanford.

 NAI Realvest chairman George Livingston, principal Christie Alexander, broker associate Drew Saphos, CCIM, and associate Paul Vera represented the seller, Lake Mary Industrial Partners, LLC of Columbus, Ohio.

 The industrial property, with building built in 1981, was acquired by 1201 Cornwall, LLC, represented by Colliers International.

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

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

Orlando Technology Team Launches Property Site

ORLANDO, FL-- Orlando’s Roman Petra, his partners and a team of marketing, business, law and technology professionals have joined forces to launch, which stands for On Property List. 

Roman Petra was primarily designed to build a bridge in the marketplace. Petra said the site is designed to link people, professionals and property together in a new and efficient way.

 One unique variable in the production of is the diversity of backgrounds among the founders, each of who brings incredible depth fostered by his or her education and experiences.

 Petra said the broader market for the site includes property listings. Currently, the listing site allows: (1) for sale by owner (FSBO) and (2) listings by agents.

Listings are free, and the team hopes that this feature will incentivize users to promote and advertise their listings.

“We don’t expect to compete with the MLS,” Petra said. “We have studied the market and the segment we are appealing to is underserved and almost unobserved,” he continued. welcomes all property listings, which includes real estate and personal property, Petra said. So, whether you are looking to buy or sell, you can find or list your home, car, boat or golf clubs on the site. aims to address every user’s diverse property needs on one site, he added.

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

Larry Vershel, President, Larry Vershel Communications Inc. 407-644-4142

 Roman Petra, principal, onplist, LLC,

Larry Vershel President or Steve Fussell, Associate/ Staff Writer, Larry Vershel Communications Inc. 352-217-8065

Prime South Miami Beach Retail Asset Trades for $12.4 Million

Guess Who? Inc. occupies 736 Collins Ave., South Miami Beach, FL

Drew A. Kristol
MIAMI BEACH, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of an 8,322-square-foot net-leased retail fashion store in Miami Beach’s South Beach neighborhood.

Net leased by clothing retailer Guess? Inc., the property closed at the full list price of $12,475,000, which equates $1,499 per square foot.

            Drew A. Kristol and Kirk D. Olson, both vice presidents investments in Marcus & Millichap’s Miami office, represented the seller, a Miami-based owner/developer. The buyer, also represented by Kristol and Olson, is an institutional investment group interested in building a South Florida high street retail portfolio.

            “The building is a trophy retail asset located in the heart of the Collins Avenue fashion district,” says Kristol. “Guess has occupied the property since 1998, and over the years has re-invested into their build-out.  The new owner is an excellent position to capitalize on the below market in-place rental structure.”
Kirk Olson
“Our marketing platform helped generate offers from the international investment community and institutional buyers that have designated South Beach high street retail as one of their target asset classes,” adds Olson.

“South Beach retail properties have consistently appreciated over the past decade due to the rarity of the asset class and the area’s strong appeal to international tourists and impressive amount of local foot traffic.”

South Miami Beach night skyline
The store is located at 736 Collins Ave. between Seventh and Eighth streets in Miami Beach, Fla.

The two-story building was extensively remodeled in 1998 and has received complete interior renovations from Guess within the last 18 months.

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

Gina Relva
Public Relations Manager
(925) 953-1716

Small Tampa, FL Apartment Property Sale for $525,000 Arranged by Marcus & Millichap

4201 North A Street Apartments, Tampa, FL

TAMPA, Fla., November 7, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 4201 North A Street Apartments, a 14-unit apartment property located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $525,000.

James Vestal
James Vestal, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the local seller, a private investor.  Vestal also represented the Tampa-based buyer.

4201 North A Street Apartments was built in 1925 and is located at 4201 West North A Street in Tampa, Fla.  The property consists of one, two-story building. 

There are four, one-bedroom/one-bathroom units with 700 rentable square feet and 10, two-bedroom/one-bathroom units with 750 rentable square feet.  All units have wall unit air-conditioning and the property is situated on approximately .33 acres of land.

‘This deal represented one of the dwindling supplies of distressed deals on the market,” says Vestal.   “We had several offers on it because of its great location, which drove a lot of value. The buyer plans a full rehab which will add to the continuing resurgence on North A Street,” adds Vestal.
For a complete copy of the company’s news release, please contact:

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

Marcus & Millichap Arranges $2.4 Million Sale of Edwin Watts Golf Superstore in Palm Beach Gardens, FL

Edwin Watts Golf Superstore, 3889 Northlake Boulevard, Palm Beach Gardens, FL. 

Adam J. Tiktin
 PALM BEACH GARDENS, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Edwin Watts Golf Superstore, a 14,100 square-foot net-leased property located in Palm Beach Gardens, FL.

The asset sold for $2,400,000 representing $170 per square foot.

Adam J. Tiktin, a Vice President Investments, and Michael Biama, an investment associate, in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor from Ft. Walton Beach, FL. The buyer, a limited liability company from Salem, MA, was secured and represented by Tiktin and Biama.

The 14,100 square foot store is located on a large 1.49-acre site and is situated just a few parcels east of Interstate 95 on busy Northlake Boulevard. Major national retailers in the immediate area include: McDonald's, Home Depot, Publix, Costco, Target, and Starbucks, among others.

Michael Biama
Edwin Watts Golf is a privately held company with more than 90 locations throughout the United States. The company is currently owned by the Boca Raton-based private equity group, Sun Capital Partners.

Edwin Watts Golf Superstore is located at 3889 Northlake Boulevard in Palm Beach Gardens, FL. 

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

Kirk A. Felici
First Vice President
Regional Manager
Miami, FL
(786) 522-7000

Bull Realty Expands Out of Original Midtown Atlanta Office

Current office location of Bull Realty, Atlanta, GA

Michael Bull
ATLANTA, GA – The brokers and staff at Bull Realty’s office at 1801 Piedmont Ave. in Midtown Atlanta are moving to the firm’s recently expanded corporate office in the Perimeter market of the city. The freestanding 7,300-square-foot building in Midtown will be available for lease.

The commercial real estate sales and advisory firm recently expanded its corporate office to accommodate its continued growth.

“When we started in 1997, our business was concentrated in Atlanta, so the retail visibility of our Piedmont Ave. building was beneficial. Our geographic reach and price range have expanded over the years. We handle assignments and clients throughout the metro area and all over the country,” said Michael Bull, president and founder of Bull Realty.

The expanded Perimeter space includes a community center facing a full glass wall that looks into a state-of-the-art radio and video studio in which the “Commercial Real Estate Show,” a nationally syndicated show hosted by Michael Bull, is produced each week.

The expanded and renovated office also includes more open and collaborative spaces as well as pod-type furnishings and private offices for proven brokers who join the firm. Shows being produced in the studio are simulcast on the large flat screens throughout the community areas.

At times, Bull Realty has had the largest market share of commercial properties for sale in Atlanta, according to CoStar. “We still love Atlanta, and 60 percent of our business is in Georgia. We promote the city on our national radio show, Bull added.

The new Perimeter office space was designed by Facilitec Office Interiors.

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

Stephen Ursery
The Wilbert Group
Please note new office number: (404) 549-7150
Cell: (404) 405-2354

The Wilbert Group Announces Program for Startups; Leading PR Firm in Commercial Real Estate to Work with Startups in Industry

CHICAGO, IL -- The Wilbert Group, a nationally recognized full-service communications and public relations firm based in Atlanta, is launching CRE Accelerate today at the ULI Fall Meeting.

Tony Wilbert
CRE Accelerate will provide a public relations boost, as well as tools for longer-term communications programs, for startups. The 60-day CRE Accelerate program is aimed at young companies in commercial real estate or those serving the commercial real estate industry.

 As the leading commercial real estate public relations firm in the country, Wilbert handles communications for some of the largest real estate firms. Because of Wilbert’s deep subject matter expertise in all real estate sectors and its relationships with journalists who cover the industry, Wilbert can quickly and efficiently generate results.

 “Entrepreneurs come to us all the time for help, and CRE Accelerate provides a vehicle for us to give young companies a quick PR shot in the arm,” said Tony Wilbert, president and founder of Wilbert. “As an entrepreneur myself, this program is one I am particularly passionate about.”

Caroline Wilbert and Tony Wilbert
Founders, The Wilbert Group, Atlanta, GA
CRE Accelerate includes the following:

• A “What’s the Story?” session: A session in which Wilbert interviews the client to determine what the compelling story or stories are to pitch the media. Entrepreneurs are so consumed with growing their companies that they need expert help to understand what the media and other key audiences will find interesting and relevant.

• Press release and related media outreach: Wilbert will write and pitch one press release on a topic determined during the “What’s the Story?” session.

• Boilerplate: Wilbert will distill the client’s story, creating a boilerplate. This paragraph will highlight key messages and be used in press releases, as well as for other communications needs.

• Byliner: Wilbert will identify a topic for a bylined piece and ghost-write the piece. Wilbert will place the byliner in a real estate trade publication or general media outlet.

• Social media audit and recommendations: Wilbert will do a deep dive into the client’s existing presence on Twitter, LinkedIn, Facebook, Instagram, YouTube and other social channels. Based on the company’s goals and available resources, Wilbert will make recommendations for social media.

• Final report: At the end of the 60 days, Wilbert will present the CRE Accelerate client with a report outlining all Wilbert activity and media hits.

“We will generate top-notch results for young companies,” Wilbert said. “As these firms mature, we hope they will choose to become traditional retainer clients of The Wilbert Group.”

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

Tony Wilbert                                          
The Wilbert Group
404-965-5022 (O) 404-405-3656 (C)

Charles Dunn Co. Completes Sale of 22-Unit Multifamily Property in Santa Monica, CA

316 San Vicente Boulevard Apartments, Santa Monica, CA

Kimberly Roberts Stepp
LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed sale of a fully occupied, 22-unit multifamily property located at 316 San Vicente Blvd. in Santa Monica, Calif.

The property was sold at a cap rate of 3.1 percent, which is the lowest cap rate for a multifamily property sold in 2013 in Santa Monica, according to Costar records.

Kimberly Roberts Stepp, senior managing director with Charles Dunn Company, represented the seller, Herzog Family Trust, as well as the buyer, 316 San Vicente, LLC.

Built in 1955, the property includes subterranean parking and a pool as well as hardwood floors and dishwashers in all the units. It is also just three blocks from the ocean and is situated on prestigious San Vicente Blvd.

“This property garnered multiple offers over its short listing period,” said Stepp. “The location and building quality offered the buyer a strong, long-term investment as well as the opportunity for appreciation in the coming years.”

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

Darcie Giacchetto
D.G. Communications, Inc.