Monday, January 19, 2015

Inland Fiber & Data Technology Park Offering for Immediate Occupancy in Winter Haven, FL

Angela Harwell
Winter Haven, FL (Jan. 19, 2014) – Winter Haven’s Inland Fiber and Data Technology Park is offering 19,238 SF at its 200 Avenue B NW building as of February 1, 2015. 

Strategically located between Tampa and Orlando in the heart of Florida’s I-4 high-tech corridor, Winter Haven is uniquely positioned to support multiple business entities that require a safe, inland location and high bandwidth connectivity. 

Inland Fiber & Data Technology Park
Downtown Winter Haven, FL
Boasting a state-of-the-art fiber network and well-developed infrastructure, Winter Haven is easily accessible from the state’s major highways and the Tampa and Orlando airports. 

The secure, protected inland location is situated at 168 feet above sea-level outside the 500-year flood-zone “X”. 

Total on-net connectivity within the Inland Fiber & Data Technology Park is in excess of 800 GB and the location boasts the highest connectivity in the state of Florida.  

The Verizon area central switch is located on-site, and numerous fiber providers include:

Laser Beam outside Inland Fiber & Data Center
Angela Harwell, CCIM and broker for Open Door Commercial Real Estate LLC represents the landlord, Six/Ten, LLC. 

“This is a tremendous opportunity for Florida-based businesses and government entities to take advantage of the central, accessible location, extensive on-site fiber connectivity, and highly redundant infrastructure.” Harwell states.

 She further adds,  “We offer build-out options to suit a tenant’s specific requirements, and colocation space, managed services and 24/7/365 monitoring are also available”.

  Owned by Six/Ten, LLC, Inland Fiber & Data Technology Park is located in downtown Winter Haven, and is comprised of five city blocks, five buildings and more than a quarter-of-a-million square feet. 

There is existing space ready for occupancy as well as room for future growth.  

For more information or to schedule a tour of this impressive facility, contact Angela Harwell at
 863-299-1195 x1249,
visit on the web at or 

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

Michelle Friedman
Account Director
Boardroom Communications
(407) 973-8555
(561) 706-4585 Cell

(954) 370-8999
(954) 370-8892 Fax

SoulCycle Starts Construction on First Midwest Location at 1225 Old Town in Chicago

Elizabeth Cutler

CHICAGO, IL,  Jan. 19, 2015 – Just in time to help energize healthy New Year’s resolutions, SoulCycle, the premier indoor cycling brand that has already established loyal followings in New York, San Francisco, Miami and Los Angeles, will open its first Chicago studio at 1225 Old Town Apartments on N. Wells St. in early 2015.

Construction has already started at the location as residents at 1225 Old Town and the surrounding area gear up for SoulCycle’s famous high-energy workouts that combine cycling with dance.

Julia Rice

Since opening in 2012, 1225 Old Town has been very popular with residents due to its unbeatable location in the heart of Old Town and top-of-the-line amenities and finishes.

 The building’s desirable location has also made it a natural home for popular upscale businesses looking to launch in Chicago, including the city’s only Plum Market, an Ann Arbor-based upscale grocery chain, and now it will be home to SoulCycle’s first Midwest studio.

Jillian DiCola
“SoulCycle is a perfect fit for 1225 Old Town and complements the property’s desire to promote a holistic healthy living environment while providing a fun, innovative fitness offering to the neighborhood.” said Jillian DiCola, community manager at 1225 Old Town.

“We wanted to continue to enhance the neighborhood as well as the existing suite of lifestyle amenity offerings already available to residents of the building.”

Founded in 2006 by Elizabeth Cutler and Julie Rice, SoulCycle has gained a huge following in New York, San Francisco, Miami and Los Angeles, and is looking to expand its devotees with the Chicago launch.

The brand’s 45-minute workouts take place in candle-lit rooms with high-energy music combined with inspirational coaching, core-engaging choreography and upper-body weight training that benefit both the mind and the body.

Rendering of Planned SoulCycle Headquarters
within 1225 Old Town Tower, Chicago, IL
Located on the first level of 1225 Old Town, with an entrance on Wells Street, the SoulCycle studio will feature 51 bikes, designed exclusively for SoulCycle and include dual binding pedals, a split seat for comfort and weight holders for the dumbbells used during class.

Customers have the choice of enrolling in individual classes, or purchasing a block of classes at a reduced rate.

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

SR Commercial Acquires Five Building Multi-tenant Industrial Park in Oceanside, CA

Oceanside Commerce Center, 4747, 4749, 4751 Oceanside Boulevard
 and 1818, 1820 Peacock Boulevard, Oceanside, CA

Adam Robinson
SAN DIEGO, CA  (Jan. 19, 2015) – SR Commercial has acquired the Oceanside Commerce Center, a five building, multi-tenant industrial park encompassing over 70,000 square feet, for total consideration of $7.5 million.

The property, which was acquired as part of a 1031 exchange, will be held as a long-term cash flow asset by SR Commercial, according to Adam Robinson, a Principal at SR Commercial.

“The multi-tenant industrial market continues to be a strong segment in the San Diego market,” says Robinson, who founded SR Commercial along with partner CJ Stos

“With the stabilizing economy, many small business tenants are remerging and seeking space under 5,000 square feet in this market.

“The combination of growing tenant demand and an increased tightening of availability in industrial product will enable us to add strong value to this asset through strategic rent increases as current leases come to term.”

CJ Stos
Built in 1987, the property was well maintained by the seller, who was seeking a buyer with the ability to be flexible with the close of escrow.

“The seller completed all due diligence in advance, which allowed us to act quickly to secure the property with a $250,000 non-refundable deposit on the first day,” notes Robinson.

 “From there, we were very flexible and could have closed in 30 days but we allowed the escrow to go for over 90 days to allow the seller to find an exchange property.”

“Industrial inventory is extremely limited in San Diego, requiring buyers who can be flexible and can move extremely rapidly. This transaction is an example of SR Commercial’s ability to do just that,” says Robinson.

SR Commercial was represented by Michael Hartel and Joe Winkelmann of Voit Real Estate Services’ Irvine office.

Michael Hartel
The seller, Bob Voit, was represented by Randy LaChance of Voit Real Estate Services’ San Diego office.

The property is located at 4747, 4749, 4751 Oceanside Blvd., and 1818, 1820 Peacock Blvd. in Oceanside, California.

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

Amanda Alenick Brenner/ Jenn Quader
 Brower, Miller & Cole
(949) 955-7940

PCCP, LLC Provides $18 Million Senior Loan for the Acquisition and Lease-Up of a Class A Office Building in Downtown Las Vegas, NV

City Centre Place, 400 South 4th Street, Downtown Las Vegas, NV

Mike Johnson
Los Angeles, CA, Jan.  19, 2015 – PCCP, LLC announced today that it has provided an $18 million senior loan to Dornin Investment Group for the acquisition and lease‐up of City Centre Place, a six‐story Class A office building totaling 104,000 square feet in Downtown Las Vegas.

“PCCP’s loan not only provides acquisition financing but will also provide funds for capital improvements, tenant improvements, and leasing commissions for the remaining vacancy,” said Mike Johnson, associate vice president with PCCP, LLC. “Dornin Investment Group is an experienced and knowledgeable owner and we are excited to close our third transaction together.”

Built in 2002, the property is located at 400 South 4th Street and is 71 percent occupied. It is well-located between the County Courthouse, the Federal Courthouse, and the US Bankruptcy Courthouse.

Downtown Las Vegas, NV
The Las Vegas economy continues to climb out of the recession with job growth increasing three percent year‐over‐year. 

The overall 35 million-square-foot Las Vegas office market recorded its 11th consecutive quarter of positive net absorption.

 Class A buildings throughout Las Vegas have seen strong absorption and have increased their asking rents over the past few years as the market recovers. City Centre Place, and the overall Downtown Las Vegas market are anticipated to benefit from stable demand drivers from growing businesses who are seeking quality properties, as well as a lack of new construction.

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

Darcie Giacchetto
Spaulding Thompson & Associates

PCCP, LLC Provides $77.8 Million Senior Loan to Trumark Urban to Develop 22-story Luxury Condo Project in Downtown Los Angeles

Rendering of planned luxury condominiums
1050 South Grand Avenue
 Downtown Los Angeles, CA

Los Angeles, CA, Jan. 19, 2015 – PCCP, LLC announced today that it has provided a $77.8 million senior loan to Trumark Urban for the development of a 22-story, 151-unit luxury condominium project at 1050 S. Grand Ave. in Downtown Los Angeles.

Trumark Urban acquired the fully entitled site in November 2014. The financing was arranged by a team lead by John Manning and Chris Casey of JLL Capital Markets.

“1050 S. Grand will be one of the first new condo projects in Downtown Los Angeles in over seven years,” said Ron Bonneau, senior vice president with PCCP, LLC.

“Downtown Los Angeles continues to attract investors, residents, and businesses that are drawn to the entertainment, retail and dining options in a central urban setting. 

“Apartment development in Downtown LA has been strong, however, there has been very few new condo units developed since the downturn.  1050 S. Grand’s timing to market gives it a competitive advantage, and PCCP is happy to be part of Trumark’s effort to bring much needed for-sale housing units to Downtown LA.” 

Bonneau noted that inventory of for-sale Downtown housing units is at its lowest level in over five years, and there is only one other condo project currently under construction. 

Construction started last week and the project is expected to be completed in 2016.

John Manning
The project is located on the northeast corner of 11th St. and Grand Ave. in the South Park submarket of Downtown and is just three blocks from Staples Center, LA Live, Nokia Theatre, and numerous restaurants, bars, and retail amenities. 

This location offers convenient access to three major freeways and a light rail station, also just three-blocks away.

The property will include one-, two-, and three-bedroom units in one, 22-story tower, which will contain both above-grade and subterranean parking. 

The residential units will be on floors six through 22, and the fifth floor will include an amenity terrace with state-of-the art fitness and common area facilities, as well as a swimming pool and cabanas.

Chris Casey
 The ground-level floor will contain 5,672 square feet of retail, with storefronts on Grand Ave. and 11th Street.

The property is being developed by Trumark Urban, a division of the Trumark Group of Companies, which focuses on developing commercial condos in core urban neighborhoods close to jobs, transit and local businesses.

 Founded in San Francisco in 2011, the new division has expanded into Los Angeles and now has 9 high-density condominium communities in process with plans in the works for more than 1,000 units for total projected revenue in excess of $1 billion. 

Trumark and its affiliates have been developing commercial and residential projects in California for over 20 years.

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

Darcie Giacchetto
Spaulding Thompson & Associates