Friday, June 20, 2014

NAI Realvest negotiates $600,000 acquisition of Winter Springs, FL Development site for new Primrose School

Matt Cichocki

Maitland, FL – NAI Realvest recently negotiated the purchase of a site on SR. 434 and Heritage Park Street for development of a Primrose School and daycare facility. 

 NAI Realvest principals Matt Cichocki and Kevin O’Connor negotiated the transaction representing the buyer, Elsis Land Holdings, LLC of Orlando.  The local seller was HSP 1001, LLC.  

 The buyer paid $600,000 for the 73,181 square foot parcel of land for the Primrose School. 

This is the third site that the NAI Realvest retail team has located for Primrose Schools in the Central Florida market.

NAI Realvest negotiates Two new office leases totaling over 8,000 Square Feet in Downtown Orlando and Casselberry, FL

Jeff Bloom
ORLANDO, FL--- NAI Realvest recently negotiated two new office lease agreements in Casselberry off U.S. 17-92 and in downtown Orlando totaling 8,043 square feet.
Jeff Bloom, senior director at NAI Realvest, negotiated the lease of 6,693 square feet at One South Orange Ave. in downtown Orlando representing the landlord One South Orange Ltd. by its GM MarKay Management, Inc.   The tenant, Catalyst Workspace Partners I was represented by Mark Montgomery of CNL.  

 At 101 Sunnytown Rd. in Casselberry, Bloom represented the tenant International FOP Association, a non-profit organization supporting medical research, in the lease of 1,350 square feet of office space.   The landlord is VIG Leasing Corporation. 

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

Beth Payan, Larry Vershel Communications 407-644-4142

Annaly Capital Management, Inc. Announces 2nd Quarter 2014 Dividend of 30 cents per Share

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) declared the second quarter 2014 common stock cash dividend of $0.30 per common share. 

This dividend is payable July 31, 2014, to common shareholders of record on July 1, 2014. The ex-dividend date is June 27, 2014.

Dividends may be reinvested through the Company's Dividend Reinvestment and Share Purchase Plan. Plan information may be obtained from the Plan Administrator, Computershare at 1-866-353-7849, at, or by contacting the Company.

Annaly’s principal business objective is to generate net income for distribution to its shareholders from its investments. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”). Annaly is managed and advised by Annaly Management Company LLC.

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

Annaly Capital Management, Inc.
Investor Relations, 1-888-8Annaly

Anantara Kihavah Villas in the Maldives’ Baa Atoll Island Introduces Resident Marine Biologist Joseph Lassus

Joseph Lassus
MALDIVES, Indian Ocean -- With its prime location in the Maldives’ Baa Atoll island archipelago, Anantara Kihavah Villas is the perfect place from which to enjoy the underwater world of the Indian Ocean itself.

Snorkel some of the world’s most treasured reefs, explore uninhabited deserted islands or cruise in solitude into a tapestry of unimaginable colours.

 Recovering from the 1998 El Nino event that destroyed most of the country’s shallow reef coral, in June 2011 UNESCO declared the Baa Atoll a Biosphere Reserve and Anantara Kihavah Villas has been dedicated to supporting its recovery since opening in 2012. Here dolphins, turtles and mantas can be seen today thriving in their natural habitats.

With the recent arrival of marine biologist Joseph Lassus to Anantara Kihavah, guests can draw on his expert knowledge as they descend into the ocean’s dazzling depths and discover the magical underwater world that lies below.

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

Hwee Peng Yeo
Vice President, Asia Markets
Glodow Nead Communications
San Francisco • New York • Singapore • Shanghai
Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190
1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111
Asia: 65.9768.6087  US:415.394.6500 • E:

FedEx Freight Facility in Northborough, MA Sells for $16.7 Million

Laurie Ann Drinkwater
NORTHBOROUGH, MA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 31,551-square-foot FedEx freight facility in Northborough, Mass. The $16.7 million sales price equates to $531 per square foot.

            Laurie Ann “L.A.” Drinkwater, CCIM, in Marcus & Millichap’s Boston office, and Seth Richard, in the firm’s Manhattan office, represented the buyer, a regional private investor.

            “The property is located 40 minutes from downtown Boston and four miles from interstates 90, 290 and 495,” says Drinkwater. “This location is ideal for FedEx operations and bodes well for long-term tenancy.”

           “FedEx made a major capital investment in the property, ultimately combining two other facilities into this one due to the strategic location,” adds Richard. “The improvements, coupled with attractive increases in the rental stream, contributed to making this an excellent investment for our client.”

The facility was built in 2013 on 24 acres at 300 Bartlett St. in Northborough, Mass. 

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

Gina Relva
Public Relations Manager
(925) 953-1716

Lease Renewals Announced at Miramar Park of Commerce in Miramar, FL

Maridee Bell
MIRAMAR, FL – Miramar Park of Commerce, the largest locally owned and managed Business Park in South Florida, has announced the following lease renewals: 

 Alfred Publishing, the world’s largest educational music publisher, producing educational, reference, pop and performance materials for teachers, students, professionals and hobbyists spanning every musical instrument, style and difficulty level, has renewed its regional branch office lease for 6,518 total sq. ft. of space in MPC-1, 10214 USA Today Way.

Alfred Publishing has been a tenant at the Miramar Park of Commerce for seven years. Representing the Park in the transaction were Maridee Bell, vice president of Sunbeam Properties, developer of the Miramar Park of Commerce, and Ryan Goggins of Sunbeam Properties,

Ryan Goggins
Acosta Sales & Marketing, the leading outsourced sales and marketing agency serving consumer packaged goods companies and retailers across the United States and Canada, has renewed its lease for 5,897 sq. ft. of office and warehouse space for its South Florida facility in MPC-11A, 2941 N. Commerce Parkway. 

Acosta Sales & Marketing has been a tenant in the Park for 11 years. Goggins represented the Miramar Park of Commerce in the transaction.

 “We are very focused on retaining our tenants and work closely with them to accommodate their needs,” said Bell. “It is a testament to the Park’s environment and location that our tenants continually renew their leases.”  

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

Jenna Leon
Pierson Grant Public Relations
954-776-1999, ext. 242

Marcus & Millichap Arranges Sale of 152-Room Quality Inn in Ocala, FL for $3.5 million

OCALA, FL, June 20, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Quality Inn, a 152-room hospitality property located in Ocala, FL. The asset sold for $3,500,000.

Jonathan Gerszberg, a senior associate, Ahmed Kabani, a senior associate, and Dominic Vito, an associate, in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Miami.

Ahmed Kabani
The buyer, a private investor from Fort Lauderdale, was secured and represented by David M. Greenberg, a vice president investments, in Marcus & Millichap’s Fort Lauderdale office.   Last year, the same agents listed and sold a Hampton Inn in Ocala, making this the second hotel sale in as many years for Marcus & Millichap.

“Last year,” says Kabani, “we had great interest in the Hampton Inn we sold, with more than 10 offers.  Investors see Ocala as a growing market because it is central for tourists and business travelers.” 

David M. Greenberg

Vito notes that, “The seller of the Quality Inn did a fantastic job repositioning a distressed asset, and felt that the market was right for them to capitalize on the value they had created.   We generated six offers and ultimately selected a buyer who saw additional value in the property.” 

The buyer was a first-time hotel investor, with prior experience in apartment buildings. “The purchaser had been interested in the returns generated by hotels, but had no prior experience,” adds Greenberg. 

“We worked closely with him, helping the purchaser understand all facets of hotel operations.  This empowered the purchaser to feel comfortable with the investment, and the opportunity therein.”

Dominic Vito
The Quality Inn - Ocala is a recently converted exterior corridor hotel in the thriving Ocala market. The property has 152 rooms and was converted from a Hampton Inn to a Quality Inn in December of 2012. Despite being constructed in 1987, the Quality Inn is in great condition and sits on approximately 3.25 acres of land directly off Interstate 75 (I-75).

Quality Inn is located at 3434 SW College Road in Ocala, 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

Atlanta Apartment Association’s Annual Food-A-Thon to Begin June 24

 ATLANTA, GA (June 20, 2014) — The Atlanta Apartment Association (AAA) will start its annual Food-A-Thon, which benefits the Atlanta Community Food Bank (ACFB), with a kick-off event at the Cobb Galleria Centre on the afternoon of June 24.

 The event – which will run from 2 p.m. to 4 p.m. and provide association members with tips on how to maximize the food and cash they collect – marks the start of a nearly four-month food and fund drive that concludes on Oct. 17, when AAA members will deliver their donations to ACFB’s headquarters in a colorful parade.

David A. Hirsch
 This marks the 27th year of the Food-A-Thon, and the campaign has grown to the point that it is believed to be the largest food and fund drive in the United States.

In 2013, the Food-A-Thon collected enough food items and money to provide 6.2 million meals to hungry families in Georgia. The goal for this year’s drive, which has the theme of “So You Think You CAN Dance!”, is to provide 850,000 meals.

 “We are tremendously proud to be partnering with ACFB for another Food-A-Thon,” said David Hirsch, president of AAA. “ACFB is such an amazing organization, and our members never fail to respond to the challenge of helping those in need gain access to nutritional food.”

Founded in 1979, ACFB procures more than 45 million pounds of food and groceries each year and distributes them to more than 600 nonprofit partner agencies serving families and individuals in 29 metro Atlanta and north Georgia counties. For every $1 donated, ACFB can provide $8.47 worth of groceries to those in need.

 The statistics on those in need in Georgia are sobering: 20 percent of residents – and 28.8 percent of children – are food insecure, meaning they don’t know where they next meal is coming from, according to Feeding America. Furthermore, nearly 20 percent of Georgians are living in poverty, up from just under 13 percent in 2000, according to the Census Bureau.

Cobb Galleria Centre
 The Food-A-Thon also will include the Can Can Ball, which takes place on Aug. 22 at the Sheraton Atlanta Downtown.

 At the end of this year’s drive, AAA will award two top prizes: one to the member firm that raises the most cash and one to the company that collects the most food items.

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

Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)