Monday, January 20, 2014

Jeff Henson of Lincoln Property Company Represents Tenants in More than 17,000 Square Feet of Leases


Jeff Henson
ATLANTA, GA (Jan. 20, 2014) – Jeff Henson, a senior associate in Lincoln Property Company Southeast’s Office Leasing Group, recently represented tenants in five commercial leases totaling more than 17,000 square feet in metro Atlanta. 

He also recently represented the buyer/seller in the sale of an 8,000-square-foot flex/office building in Norcross, Ga.

The details of the transactions are below:

• Going Strong LLC signed a five-year lease for 5,800 square feet at 3028 Adriatic Court, an industrial facility in Norcross. Austin Brannen of NAI Brannen Goddard represented the landlord.

• Janus Research Group signed a three-year lease for 5,723 square feet of office space at 280 Interstate North in the Cumberland/Galleria submarket. Austin Chase and Josh Baine of Atlanta Property Group represented the landlord.

Tony Bartlett
• Norman & Associates signed a five-year lease for 2,771 square feet of office space at 6230 Shiloh Road in the North Fulton submarket. Ryan Cone of Cone Middour Partners represented the landlord.

• Gresham Law Group signed a five-year lease for 2,000 square feet of office space at 50 Hurt Plaza in Midtown. Jeremy Coppels of Boxer Property represented the landlord.

• Silver Cloud Partners signed a three-year lease for 1,026 square feet of Class A office space at One Lakeside Commons in the Central Perimeter submarket.

• Henson also represented Shai Robkin in his $515,000 sale of 5000 Miller Court East, a flex/office building in Norcross, to an undisclosed private buyer. Alan Travis of Sage Realty Advisors represented the buyer.

Ryan Cone
“Jeff has done an outstanding job working with both our tenants and landlord clients during his time at Lincoln,” said Tony Bartlett, senior vice president at Lincoln who oversees the Atlanta office.

“He brings great real estate knowledge, is a self-starter and has a great rapport with our clients. That combination will serve him and us well in the years to come.”

Henson joined Lincoln last spring. A three-year letterman for the University of Georgia Bulldogs football team, Henson is an active volunteer for Habitat for Humanity.

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

Stephen Ursery •The Wilbert Group
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
O: 404-549-7150  • M: 404-405-2354

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Kiser Group Brokers Six Property Sales Totaling $12 Million in Chicago Areas of North Side, Hyde Park and Cicero

  
5326 South Cornell Apartments, Hyde Park, IL
  
Bill Baumann

                                                 CHICAGO, IL– Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, recently brokered four apartment building sales and two mixed-use property transactions.

The December 2013 closings included a 60-unit apartment building in Edgewater, a 64-unit apartment building in Hyde Park, a 27-unit mixed-use property in Cicero, a four-flat in Lincoln Park, a six-unit apartment building in East Village, and a 10-unit mixed-use property in Rogers Park.

6119 N. Kenmore - Edgewater

          The 60-unit brick apartment building located at 6119 N. Kenmore in Edgewater sold for $4.4 million. The property includes 23 studios, 36 one-bedroom units and one two-bedroom unit, each with one bath. The building also offers 30 parking spaces.

Lee Kiser
 “Location was a key selling point,” said Bill Baumann, senior managing director of Kiser Group, who represented the seller in the sale. 

“This property sits on a large 150-foot-by-150-foot parcel that’s just one block from the Loyola University campus and the Red Line ‘L’ stop at Granville Avenue.”

 “The investment appealed to the buyer because of a value-add through renovation,” said Lee Kiser, principal of Kiser Group, who represented the buyer in the sale.


5326 S. Cornell – Hyde Park

The corridor-style building located at 5326 S. Cornell in Hyde Park offers 64 studio apartments. It sold for $3.85 million.

 “There is high rental demand for studios in the Hyde Park area, and 5326 S. Cornell attracts students seeking to live close to the University of Chicago campus,” said Kiser. He and Baumann co-listed the property and represented both buyer and seller in the sale.

John Meyer
2209 S. 61st Court – Cicero

Located at 2209 S. 61st Court in Cicero, this 27-unit multi-use building sold for $1.3 million. The fully occupied building includes eight one-bedroom apartments, 16 studios and three commercial spaces.

 “The tremendous upside potential of this condo-quality building was attractive to the buyer as the units are currently rented at below-market levels,” said John Meyer, managing director of Kiser Group, who represented buyer and seller in the sale.

“Recent capital improvements also made the transaction appealing to the buyer.”


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Sean Connelly
“The prestigious address amid shopping and entertainment venues as well as the convenience of being located one block from the Brown Line “L’ stop at Armitage Avenue made this property extremely appealing to the buyer,” said Michael D’Agostino, managing director of Kiser Group. He and Kiser represented both buyer and seller in the sale.
                                                                                                               950 N. Wolcott – East Village

This six-unit apartment property at 950 N. Wolcott in East Village sold for $862,500. It includes three one-bedroom and three two-bedroom units, each with one bath. Parking is also available on the property.

“The stability of a well-maintained building in a tranquil neighborhood close to downtown was the key selling point of this East Village property,” said Baumann, who represented the seller in the sale.
                                                               
“All the units are leased, and the property provides reliable income and tenant-paid utilities,” said Sean Connelly, senior managing director of Kiser Group, who represented the buyer in the sale.

 7044 N. Clark – Rogers Park

Brian Semel
 The six-unit mixed-use building at 7044 N. Clark in Rogers Park sold for $495,000. The unit mix includes five one-bedroom, one-bath apartments, one studio and two commercial spaces. Recent improvements include an upgraded fa├žade, roof and electric.

 “This property is located across from the Rogers Park Metra Station, which is attractive for downtown professionals seeking a quick commute,” said Brian Semel, senior managing director of Kiser Group, who represented the seller in the sale. 

“The location also provides a lot of foot traffic for the retailers that occupy the commercial spaces.”

 “The buyer also appreciated that each unit has its own individual furnace and hot water,” added Kiser, who represented the buyer in the sale.

6119 North Kenmore, Edgewater, IL
All the names of buyers and sellers involved in these transactions are not available at this time.

Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, announces that on December 16, 2013, it represented the seller and buyer of 5326 S. Cornell in Chicago’s Hyde Park neighborhood.

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

Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523


NAI Realvest Negotiates Sale of 5-Acre Commercial Tract in DeLand, FL


Chris Butera
 DeLand, FL-- NAI Realvest, based in Orlando, recently negotiated the sale of a five- acre tract of commercial development land located at 115 Lake Molly Ave. off North Woodland Blvd. (US 17) in north DeLand.  

 Chris Butera, investment associate at NAI Realvest, brokered the transaction representing the seller, TD Bank based in Port St. Lucie.      

 The local investor/buyer, JLS Holdings, LLC, paid $150,000 for the vacant land.

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


Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com



NAI Realvest Completes Three Lease Agreements totaling 6,178 rentable square feet of Office Space at Primera, Lake Mary, FL and University Court, Orlando, FL





Mary Frances West
ORLANDO, FL--- NAI Realvest recently negotiated three office lease agreements totaling 6,178 square feet – two in Primera Court I, 725 Primera Blvd. in Lake Mary and one in University Court at 3361 Rouse Rd. off of University Blvd. in east Orlando.

Senior Broker Associate Mary Frances West, CCIM and Associate Ginger Vetter represented the landlord at Primera Court I – RREF Interchange-FL, Primera I, LLC of Daytona Beach – in two new lease agreements. 

Moore Medical Group, Inc. – a medical services group providing medical, consulting and educational assistance to behavioral health facilities – leased Suite 220 with 2,670 rentable square feet.


Ginger Vetter




Yesenia Altagracia LLC – a business consulting firm – leased suite 130 with 1,380 rentable square feet.

At University Court, Palmetto, Fla.-based Prince Contracting Co., Inc. – a firm specializing in highway and other construction projects for the State of Florida – signed a new lease for 2,128 rentable square feet in Suite 230.  





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

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

The Partyka Group at NAI Realvest completes two Land Sales in Longwood, FL and Orlando, FL


Paul P. Partyka

Orlando, FL  – NAI Realvest negotiated two lender sales of two vacant land parcels located in Longwood and Orlando. 

 The Partyka Group – Paul P. Partyka, partner at NAI Realvest, and associate Juan Jimenez – brokered the sale of 4.10 acres at 250 Longwood Hills Rd. in Longwood representing Seller 250 Longwood Hills Longwood FL LLC.   Shane and Melissa Davis of Miramar, Fla. purchased the property.

 Wells Fargo Bank, N.A. based in Addison, Texas was represented by The Partyka Group in the sale of a 0.34 acre land parcel at 504 N. John Young Parkway in Orlando to USA Transit, LLC of Winter Garden. 

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

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com





Essex Realty Group Brokers Sale Of Three 3-Flat Buildings and a Condominium in Chicago, IL


7250 South Bennett Avenue, Chicago, IL

Jim Darrow
CHICAGO, IL- Essex Realty Group, Inc. is pleased to announce the sale of 7250-7258 S. Bennett.

The offering is comprised of three bank owned, three-flat buildings and a condominium unit all of which were built in 2008 and are located in the South Shore neighborhood.

The properties are situated at the intersection of 73rd and Bennett on the west side of the street just three blocks from the Bryn Mawr Metra station and two blocks from the number Five and Fifteen CTA bus routes.


Jordan Gottlieb
7250-7258 S. Bennett consist of ten, three bedroom and two bathroom units that feature central air, gas fireplaces, walk-in closets, granite countertops, stainless appliances, cherry cabinets, in-unit laundry, wood floors, iron porches and gated outdoor parking spaces.

Jim Darrow and Jordan Gottlieb of Essex were the brokers in the transaction. The price was approximately $592,000.  

 Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

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

Douglas Fisher
Essex Realty Group, Inc.
773.305.4910

Essex Realty Group Brokers the Sale Of Multi-Family Apartment Building in Chicago, IL

  
3912 Pine Grove Avenue Apartments, East Lakeview Neighborhood, Chicago, IL

  
Kate Varde

 CHICAGO, ILLINOIS – Thursday, January 16, 2014 - Essex Realty Group, Inc. is pleased to announce the recent sale of 3912 N. Pine Grove, Chicago, IL. 

The building is a 56-unit renovated courtyard apartment building situated in the heart of Chicago’s East Lakeview neighborhood, on the west side of Pine Grove Avenue and just south of Irving Park Road. The property is conveniently located steps to the Sheridan Line “L” stop.

The East Lakeview neighborhood of Chicago features numerous amenities along Lake Michigan including the Lakefront Trail, Belmont Harbor, the Sydney R. Marovitz Golf Course, and Wrigley Field (home to the Chicago Cubs) located less than one mile to the southwest.

Doug Imber and Kate Varde of Essex were the brokers in the transaction. 

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

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

Douglas Fisher
Essex Realty Group, Inc.
773.305.4910

Tim Walker Steps Down at Island Hospitality Management

  
Gregg Forde

 PALM BEACH, FL—Officials of Island Hospitality Management,  one of the nation’s largest hotel management companies, announced today that Tim Walker, previously president and CEO, has stepped down from his position to pursue other business opportunities.

“Tim has been with the company for 18 years, starting as a general manager and rising to the head of the company,” said Jeffrey H. Fisher, principal.

  “He has accomplished everything he wanted to do at Island Hospitality at the highest level and we wish him all the best and great success in his future endeavor.  Fortunately, our senior management team already in place allows us to continue in a business-as-usual-mode.”

Tim Walker
 Three members of the company’s long-time senior management team will lead the company moving forward.  

Gregg Forde, senior vice president of operations who has been with the company since 2003, will continue to oversee the day-to-day supervision of the company’s more than 80 third-party managed properties. 

Jeff Waldt
Senior vice president of sales and marketing and a 10-year veteran of the company, Jeff Waldt, will be responsible for all sales and marketing efforts.  In addition, Waldt will be responsible for the company’s new business development.

 Roger Pollak, senior vice president of accounting who joined the company in 1995, will direct the company’s corporate office functions.    

Headquartered in Palm Beach, Fla., Island Hospitality Management,is a leading, national, third-party, independent management company.

Roger Pollak
It operates more than 80 hotels under six different brands, primarily premium select-service hotels, upscale, extended-stay properties, and upscale hotels, in 22 states and the District of Columbia.

 Additional information is available on the company’s Web site, www.islandhospitality.com.

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

Lauralee Dobbins/Chris Daly
Daly Gray, Inc.
703-435-6293

San Francisco Developer to Construct City’s First New Build Upper Upscale Hotel Since 2008


Rendering of planned 250-key hotel in San Francisco's South of Market area

Will Gibbs
 SAN FRANCISCO, CA — SOMA Hotel LLC, a privately held hotel development company, today announced that it has acquired for an undisclosed amount a prime development site to build a 250-key hotel in the South of Market area in San Francisco’s urban core.

 It will be the city’s first full-service hotel project since 2008.

“Downtown San Francisco is one of the most difficult cities for new construction, due to scarcity of land and high barriers to new construction,” said Will Gibbs, senior vice president, SOMA Hotel. 

“This will be the first four-star, new-build hotel in the city’s urban core since 2008.  The South of Market district is the city’s most dynamic location and there is a minimal presence of hotels there.”

"We welcome SOMA Hotel as a neighbor to our 350-unit residential and retail development complex next to the waterfront and look forward to seeing completion of both developments before the end of 2016," said Michael Cohen, a principal for the seller’s group.

The site was purchased from Block 1 Associates, LLC,  a joint venture between Blackrock Real Estate and Strada Investment Group.  Block 1 owns the adjacent land and has announced plans to build 350 units of residential condominiums and apartments.

Michael Cohen
Construction on the 15-story hotel is slated to begin in the 2014 fourth quarter with an expected opening in the 2016 fourth quarter.

 The property will be a four-star, to-be-named, premium-branded lifestyle hotel and will feature specialized meeting spaces and food and beverage offerings.  The hotel will be environmentally constructed in accordance with LEED-Gold standards. 

Affiliates of SOMA will oversee construction of the hotel and operate it upon opening. 

The fully entitled, 23,000-square-foot site is part of the Mission Bay Redevelopment Plan and is located on Channel Street between 3rd and 4th Streets, only a block away from AT&T Park, home of the San Francisco Giants.

 The new hotel will serve multiple nearby demand generators in the burgeoning South of Market area, including numerous high tech companies, the University of California San Francisco Mission Bay Campus and its 289-bed hospital, several clinics and research facilities.  

Nearby current and under construction rail systems will provide guests with easy access to the city’s main tourist attractions, ranging from the Moscone Convention Center, Union Square, Chinatown and Fisherman's Wharf.

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

Chris Daly, media
Daly Gray Public Relations
(703) 435-6293

Lexington Homes Introduces New Plans for Woodleaf at The Sanctuary Club in Kildeer, IL

  
Woodleaf at The Sanctuary Club, Kildeer, IL
  
Jeff Benach
 Chicago, IL – Chicago-based Lexington Homes has announced new plans for its Woodleaf at The Sanctuary Club community of luxury single-family homes in north-suburban Kildeer.

Woodleaf at The Sanctuary Club offers one-half- to three-fourth- acre sites for 26 custom and semi-custom homes, all of which back up to private views of abundant mature trees, Kemper Lake, or both.

 Lexington’s floor plans range from 3,300 to 5,000 square feet and prices start in the low $700,000s. 

According to Jeff Benach, co-principal of Lexington Homes, Woodleaf at The Sanctuary Club offers a unique building opportunity for luxury homebuyers that he hasn’t seen before.

Stevenson High School
 “I've never known of another Chicago builder to do anything quite like what we’re doing at Woodleaf,” said Benach.

“We’re offering almost twice as many plans as available lots, plus buyers still have the option to design a home from scratch. It’s an interesting custom/semi-custom/semi-production hybrid.

“But buyers are responding to it, as we’ve already sold three homes in our soft opening and will be breaking ground this spring on a model.”

The community is located in the highly regarded Kildeer Countryside Community Consolidated School District 96, which includes Stevenson High School, one of the top high schools in the state.

For more information or to make an appointment to visit Woodleaf at The Sanctuary Club, visit www.lexingtonchicago.com or call 847-531-6300.

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

Kelly Shumaker kshumaker@taylorjohnson.com, 312-267-4519
Emily Johnson, ejohnson@taylorjohnson.com, 312-267-4522