Thursday, October 23, 2014

CampusWorks & CW Construction Add Key Executives to Contribute to Continued Growth in the Student Housing & Conventional Markets

CHARLOTTE, NC -- CampusWorks Development, a Charlotte based student housing developer and CW Construction, its sister construction company, has recently hired three new executives to add to its senior management team.  

The additions include Chief Financial Officer, Vice President of Operations and Vice President & General Counsel.

Heading up the new hires is Edward (Ned) F. Long, former CFO for Crosland and Executive Vice President for Pacolet Milliken.  Ned will execute all investment activities including directing and executing all financial and capital market strategies.

CW’s second hire is David L. Little Jr., former Executive Vice President & General Counsel of RJ Griffin & Company General Contractors and a former shareholder with Robinson Bradshaw & Hinson, P.A. 

As a member of CW’s senior executive management team, David will manage the company’s risk mitigation efforts, including insurance and bonding, and will provide counsel and guidance on all legal matters affecting both affiliates’ development and construction activities.

Lastly, Wayne Gross, former Vice President/General Superintendent at Dunn Southeast, a JE Dunn Company, will fill the Vice President of Operations position.  With over 37 years of construction experience, Wayne’s role involves the oversight of all construction field operations, management and direction of all superintendents and field employees.
For a complete copy of he company’s news release, please contact:

CampusWorks Development & CW Construction
T: +1 (704) 821-5599 |  D: +1 (704) 997-2576
200 Unionville-Indian Trail Road W  |  Indian Trail, NC 28079

Atlantic | Pacific Companies Announces Latest Development in Port St. Lucie, FL

Alex Lastra
MIAMI, FL - Atlantic | Pacific Development (A|P Development), the development platform under Atlantic | Pacific Companies (A|P), announces that The Atlantic at Tradition, which is the Town of Tradition's first luxury apartment community, is nearly complete.

"The Atlantic at Tradition will be a wonderful addition to the community. The state of the art amenities and fantastic unit floor plans will provide our residents with a wonderful sense of home," said Alex
Lastra, Senior Managing Director of A|P Development.
Units will be available for occupancy November 2014. The property will be managed by Atlantic | Pacific Management (A|P Management), the property management platform under A|P.

 For more information about A|P and its platforms, visit or
 call (800) 918 - 1145.

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

Jessica Wade Pfeffer | Jessica Wade Inc.

Hold-Thyssen negotiates Leases at Pennock Business Center in Jupiter, FL and at Security Square in Winter Haven, FL

Therese Taylor

JUPITER, FL and WINTER PARK, FL  --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated  multiple new leases for office/flex space and a retail lease in Jupiter.

Therese Taylor, leasing agent for Hold-Thyssen, negotiated the transactions representing the landlord, Miami-based GECMC 2005-C4. 

At Pennock Business Center, 711 Commerce Way in Jupiter, Taylor completed lease agreements on six office/warehouse/flex suites totaling 7,386 rentable square feet. 

At Maplewood Center, 401 Maplewood Drive, Campbell Property Management & Real Estate, Inc. is the new tenant who leased 1,725 square feet.    Ben Bruner of Michael Falk & Co. represented the tenant. 

Ben Bruner
Taylor represented the same landlord in a lease agreement with Jiles Law P.A., for 850 rentable square feet at Security Square, 130 Bates Avenue SW in Winter Haven.

Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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

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

Plaza Advisors Brokers $21 Million Sale of St. Petersburg, FL Shopping Center

South Pasadena Shopping Center aerial, St. Petersburg, FL
TAMPA, FL -- Plaza Advisors is pleased to announce the $21.1 million sale of South Pasadena Shopping Center in greater St. Petersburg, Florida.

The shopping center totals 165,886 square feet of gross leasable area and includes several major tenants: Walmart Neighborhood Market, Beall’s Outlet, Dollar Tree and an in-line CVS.

“This deal was one of the most highly sought after transactions Plaza Advisors has marketed in years” Jim Michalak stated.

Jim Michalak
“The offering was a quintessential true “value-add” opportunity and fits the mold for what many retail investors are looking for in this environment- grocery-anchored, realizable value-add and good real estate.

“The property was formerly occupied by Publix and recorded an average occupancy of 93% for the seven years prior to Publix’s departure.

“Walmart began operating at the plaza in April. The property was 67% leased at the beginning of the marketing effort. The center virtually has no multi-tenant competition in the immediate area and the overall market occupancy is extremely high.”

Michalak continued. “We received more than twenty offers resulting in a cap rate well below five percent. The seller was delighted in the outcome of the marketing campaign.

“The buyer was also very pleased and has already generated some significant leasing momentum evidenced by the pending announcement of two junior anchor additions to the plaza.”

Mike Cvetetic
Jim Michalak, Mike Cvetetic and Nick Castellano of Plaza Advisors represented the seller in the transaction. No other brokers were involved in the sale. The seller and buyer was a German syndication named VV Florida I, L.P. and Pine Tree Commercial Realty, respectively. 

Plaza Advisors specializes in the disposition of anchored shopping centers located throughout Florida. The company has successfully closed thirteen centers since December 2013. Those closings included: six Winn Dixie, three Publix and one Walmart Neighborhood Market anchored asset.

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

Jim Michalak
Managing Partner
Plaza Advisors
3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 101
Fax 831.2627