Friday, October 10, 2014

Industry Veteran Malcolm O’Donnell Leads Southern California Expansion For Swift Real Estate Partners With Acquisition of 111 Pacifica in Irvine, CA

Malcolm O'Donnell
 IRVINE, CA – Swift Real Estate Partners, an independent and vertically-integrated real estate investment firm based in San Francisco, has initiated a strategic expansion into Southern California under the leadership of real estate industry veteran Malcolm O’Donnell.

O’Donnell will be responsible for Swift’s Southern California region.  Prior to joining Swift he served as Managing Partner at Akaku Capital, a Southern California real estate investment and management firm.

  O’Donnell also served as Sr. Managing Director for CarrAmerica’s Southern California region from 2000 to 2007.  

Prior to that he served as Vice President of Acquisitions for Beacon Properties, and also worked at the development firms of Overton Moore and Majestic Realty. 

In total, he brings over 30 years of real estate investment experience to Swift.  O'Donnell holds a bachelor’s degree from the University of Southern California.

“Malcolm brings a strong depth of experience in both office and industrial assets,” said Douglas D. Abbey, Chairman, Swift Real Estate Partners.

Douglas D. Abbey
“He’s led significant portfolio expansion and development for some of the region’s leading firms.

" As such, we look forward to leveraging his knowledge in Southern California to build a strong portfolio of value add opportunities.”

                The firm just closed on its first office property in Southern California, 111 Pacifica, located in the City of Irvine. 

The property is a three-story class A 67,496-square-foot office property. Swift acquired the property from Kilroy Realty and the deal was brokered by Bob Prendergast and Baker Morphy from Jones Lang LaSalle. 

  111 Pacifica is 74 percent leased with major tenants including Lee & Associates, Hall and Company and RLI Insurance Company.

According to Swift, 111 Pacifica is an institutional-quality office building located within the core of the Irvine Spectrum submarket. It benefits from a significant amenity base with proximity to The Irvine Spectrum, abundant high-quality housing options and new multifamily development, as well as immediate access to three major freeways.

111 Pacifica, Irvine, CA
“We believe this asset is an excellent value-add investment opportunity. The property will benefit from the increasing strength and diversity of the South Orange County office market. 

111 Pacifica will also gain from our company’s capital improvement plans and hands-on management, as the asset is currently leased at below-market levels,” noted O’Donnell.

He added that the timing is right for Swift to enter Southern California.  “Swift is continuing to build on the success of its team, innovative platform and portfolio of high quality assets in Northern California as we look to acquire more office properties in Southern California,” said O’Donnell.

About Swift Real Estate Partners: Headquartered in San Francisco, Swift Real Estate Partners is a vertically integrated real estate investment firm which seeks to generate attractive risk-adjusted returns for its investors. Swift acquires and repositions office and industrial assets in select West Coast markets, identifying unique opportunities and executing well-defined business plans while providing real-time, day-to-day oversight for each investment.

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

Jessica Spaulding Thompson
Spaulding Thompson & Associates
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NAI Realvest Negotiates Three Leases for Office Space in Lake Mary, FL and Altamonte Springs, FL totaling more than 4,000 square feet

Robert Kellogg
ORLANDO, FL – NAI Realvest recently negotiated three lease agreements for office space in Lake Mary and Altamonte Springs totaling 4,049 rentable square feet.

Senior Associate Mary Frances West, CCIM represented landlord, Daytona Beach-based RFEF Interchange–FL, Primera I, LLC, in a new lease agreement with Aegis Community Management Solutions, Inc. from ChampionsGate, Fla. for 1,408 square feet in Suite 225 of Primera Court I, 725 Primera Blvd. in Lake Mary. 

At The Crystal Center in Lake Mary, West represented the landlord, Maya Associates LLC  of Okemos, Mich., in a lease renewal agreement with Global KTech, Inc. who occupies 1,426 square feet.

West represented the tenant Limited to Endodontics, LLC in negotiating lease renewal with Kitchener, Ontario-based Vista Premier Point, Inc. the landlord at 225 S. Westmonte Drive.

 The dentistry practice has been a long-term occupant of suite 2070 with 1,215 square feet.    The landlord was represented by Robert Kellogg of Lincoln Property Company. 

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

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

NAI Realvest Negotiates New Office Lease at The Citadel in East Orlando, FL

Mary Frances West

ORLANDO, FL – NAI Realvest recently completed a new office lease agreement for 1,058 rentable square feet in Suite 515 at The Citadel III, 5950 Hazeltine National Drive in southeast Orlando.

 The NAI Realvest leasing team of Senior Associate Mary Frances West, CCIM, Matt Cichocki and Kevin O’Connor principals at NAI Realvest, represented the landlord, Citadel Partners, LTD based in Oakland, Fla.  

 The tenant Uno Red Inc. leased the space for their corporate offices. 

NAI Realvest is the leasing and management representative of The Citadel.

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

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