Wednesday, April 29, 2015

NAI Realvest Negotiates Investment Purchase of Professional Office building at the North End of Downtown Orlando, FL

Kimberly Manson

Jeffrey Tanner
ORLANDO, Fla. --- NAI Realvest recently negotiated the investment sale of a 1,400 square foot freestanding office building at 114 Park Lake St. located just east of N. Magnolia Ave. and north of Colonial Drive in Orlando.  

The NAI Realvest team of Jeffrey Tanner and Kimberly Manson represented the buyer JNRN Properties, LLC of Orlando who paid $425,000 for the professional office building.  

The seller, Park Lake Partners, was represented in the transaction by Savage Properties, Inc.

Berkadia LLC and Three of its Brokers Earn Distinguished CoStar Power Broker Awards for Sales Closed
Birmingham, AL --- Berkadia LLC, one of the nation’s largest and most active multifamily investment banking and research companies, was recently honored by CoStar Group, Inc. as one of the top commercial real estate firms in Alabama based on total sales transactions closed during 2014.

David Oakley
David Oakley, principal at Berkadia in Alabama, along with Senior Vice Presidents David Etchison and Royce Emerson, were named among the Top CoStar Power Brokers in the market for achieving the highest transaction volumes in commercial property sales in 2014.

The most significant transactions closed by the Berkadia brokers in 2014 include the Hoover 3 Portfolio with 825 units for $63,347,000; Villas at Bon Secour, a 200-unit upscale apartment property in Alabama’s resort area near the Gulf beaches for $16,600,000 and Chapel Lakes in the Montgomery area with 152 units for $14,400,000.

 “CoStar is proud to honor the firms and brokers who perform at the industry’s highest level each year,” said CoStar Group founder and CEO Andrew C. Florance.

Hold-Thyssen negotiates 13 Leases at Pennock Business Center and Maplewood Plaza in Jupiter, FL totaling over 16,700 Rentable Square Feet 

JUPITER, FL and WINTER PARK, FL -- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated 10 leases in Jupiter for office/warehouse/flex space at Pennock Business Center and three renewal and expansion leases of retail space at Maplewood Plaza representing the Miami-based landlord GECMC 2005.

Therese Taylor

At Pennock Business Center 711 Commerce Way in Jupiter, Hold-Thyssen Leasing Agent Therese Taylor teamed up with Dan Sefjack of Business Real Estate Inc. in Jupiter to complete seven new lease agreements for office/warehouse/flex suites totaling 5,658 rentable square feet, and three lease renewals totaling 4,386 square feet. 

Maplewood Plaza, Jupiter, FL
At Maplewood Plaza, 401 Maplewood Drive, Taylor negotiated three retail lease agreements:  

Brush Strokes and More by Jackie added 1,700 square feet to the 1,700 square feet they already occupied and signed a renewal with the expansion for three years; 

Hometown Cleaners signed a five-year lease renewal for its 1,700 square feet and Luxury Maids who occupies 1,630 square feet at Maplewood Plaza signed a three-year lease renewal.    

Hold-Thyssen negotiates new Five Year lease for office space with International Communications Firm establishing Offices in Lake Mary, FL

WINTER PARK, FL --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated a new five-year lease agreement for 5,324 rentable square feet at 1485 International Parkway in Lake Mary, bringing the occupancy up in the building from 71 percent to 90 percent.

Darby Hold

Darby Hold, transaction specialist at Hold-Thyssen, negotiated the transaction on behalf of the Austin, Texas-based landlord WC Lake Mary Office, LP. 

Mary Frances West
The new tenant, ZNES Group, LLC., leased Suites 2031 and 2051 in the office building for its excellent location in the high tech corridor of Lake Mary.  

ZNES, a global microwave communications firm servicing the financial, oil and gas and defense industries, was represented in the transaction by senior broker associate Mary Frances West, CCIM at NAI Realvest.

Broker at NAI Realvest Honored by Central  Florida Commercial Association of Realtors for Community Service Helping the Homeless

ORLANDO, FL -- Veronica Malolos, a broker at NAI Realvest in the Osceola County area was recently honored with the Central Florida Commercial Assn of Realtors 2014 Community Service Award.

Veronica Malolos

Robin Webb, managing director at NAI Realvest, said Malolos received the prestigious award from CFCAR for her advocacy and work with the homeless families and children in Osceola County.

Robin Webb
Most recently Malolos spearheaded several “crockpot drives” for the transitional homeless in the region, enabling children and families to eat healthy while they’re balancing family responsibilities, multiple jobs and lack of kitchen implements.

Malolos, an established leader in Osceola County, is currently an Osceola County Planning Board Commissioner and vice chair of the county’s Affordable Housing Advisory Committee.

 She is also a trustee for the county’s Education Foundation Charter School Board.

She is an alumnus of “Leadership Osceola,” a past president of the Osceola County Assn. of Realtors and is the 2014 District 12 vice president for the state association, “Florida Realtors.” 

Berkadia Negotiates $4 Million sale of Newly Refurbished Element 26 Apartment Community in Birmingham, AL

Birmingham, Ala. --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated the $4,075,000 sale of the recently remodeled 66-unit Element 26 apartment community on 14th Ave. and 17th St. on Birmingham’s south side.

Joshua Jacobs
Joshua Jacobs, investment sales advisor for Berkadia, negotiated the transaction representing the seller, Highland Ridge LLC of Birmingham.

Element 26 LLC, a Birmingham investment group, acquired the property, which was 100 percent leased at the time of the sale.
Jacobs said Highland Ridge renovated all interiors and exteriors at Element 26 and repositioned and rebranded the property, resulting in a sale price of $61,742 per unit.

Arbour Valley will remain as the property manager, Jacobs added. “We continue to see pent-up demand for renovated units in this market, which is certainly encouraging for those considering value-add opportunities.”

Element 26 consists of units averaging just under 650 square feet that rent at an average of $1.11 per square foot.

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

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

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