Tuesday, January 20, 2015

Capital Square Realty Advisors Acquires Dallas, TX Medical Office Building Portfolio

Louis Rogers

 DALLAS, TX (Jan. 20, 2015) – Capital Square Realty Advisors, LLC announced today that it has acquired a portfolio of two medical office buildings located in the Dallas suburbs of Arlington and Mansfield, Texas.

Both properties are 100 percent leased to Arlington Orthopedic Associates, the largest independent practice providing comprehensive orthopedic care in the Mid-Cities, Texas area. 

“These are exceptionally attractive medical office buildings leased long-term to an organization comprised of award-winning and renowned physicians with privileges at several leading area hospitals,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors.

“Each building is in a desirable location, and CNN/Money Magazine recently ranked Mansfield 17th in its annual ‘Best Places to Live’ list.”

The two-story Arlington building, located at 800 Orthopedic Way, contains 37,100 square feet of space in the heart of the city’s commercial district.

Built in 2003, the property is adjacent to Baylor Surgicare at Arlington, one block south of Pioneer Parkway and two miles north of Interstate 20.

Methodist Mansfield Medical Center, Mansfield, TX
The facility includes general exam rooms, imaging services, physical therapy space and features a carriage porch entrance for convenient patient delivery and departures.

The Mansfield property, located at 2801 E. Broad St., includes approximately 12,560 square feet of medical office space. 

The single-story building was developed in 2012 on the campus of the 168-bed, award-winning Methodist Mansfield Medical Center.

The facility houses imaging and physical therapy services and is easily accessible via State Routes 287 and 360.

Arlington Orthopedic Associates’ 19 member physicians are board-certified and rank consistently among the top orthopedic specialists in the Dallas-Fort Worth area. The organization specializes in orthopedics and its related subspecialties in joint replacement, orthopedic surgery and sports medicine.

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

Julie Leber
Account Manager
Spotlight Marketing Communications
18101 Von Karman Avenue, Suite 330
Irvine CA 92612
949-427-5172, ext. 703
509-338-5676 - cell

Lincoln Property Company Southeast Brokers Vericor Power Systems’ Office Lease Renewal in Alpharetta, GA

Hunter Henritze

 ATLANTA, GA (Jan. 20, 2015) – Lincoln Property Company Southeast (Lincoln) has brokered Vericor Power Systems’ long-term renewal of its 14,785-square-foot lease at the Brookside I office building in Alpharetta, Georgia, in the North Fulton submarket of metro Atlanta.

Hunter Henritze and Michael Howell, vice presidents of office leasing for Lincoln, represented the landlord, Equity Office, in the transaction. Kirk Diamond and April Hawkinson, both of DTZ, represented the tenant.

Brookside I is a five-story, Class A office building at 3625 Brookside Parkway in Alpharetta that is presently over 95 percent leased.

The building features a parking ratio of four spaces per 1,000 rentable square feet, and is located near Georgia 400 and Northpoint Mall.

Michael Howell
Brookside I also offers a park-like setting with lakeside walkways, jogging trails and direct access to the Alpharetta Big Creek Greenway Trail.

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

Stephen Ursery
The Wilbert Group

Hold-Thyssen Negotiates $2.15 Million Price in Sale of 302-Acre Thoroughbred Horse Farm in Ocala, FL

Robert P. Hold
OCALA, Fla. --- Hold Thyssen, Inc., a real estate services firm headquartered in Winter Park, with offices in Tampa, recently negotiated the $2,150,000 sale of a well-known thoroughbred horse racing farm and stables in Ocala. 

Robert Hold, president of Hold-Thyssen, Inc., was listing agent for the property along with George DeBenedicty of Ocala Ranches.

Hold said the property known as Jupiter Island Partners at 13303 W. Highway 40, Ocala covers 302 acres and includes a half-mile racing track.  

Hold negotiated the deal representing the seller Jupiter Island Partners, LLC.   The buyer was Jeff McGuire, an individual.

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

Beth Payan or Larry Vershel, Larry Vershel Communications

NAI Realvest Negotiates New Retail Lease for Fred’s Southern Market in former Café on Cattlemen Road in Sarasota, FL

Kimberly Manson

Jeffrey Tanner

SARASOTA, FL--- NAI Realvest, based in Orlando, recently negotiated a long-term lease agreement for Fred’s Southern Market in the 6,962 square foot former Elaine’s Café property at 4000 Cattlemen Rd. off Bee Ridge Rd. in Sarasota

NAI Realvest principals Kevin O’Connor and Matt Cichocki who represent Fred’s Southern Market, said the site is the second one that was located for the restaurant.  

Kim Manson, director of retail and investment sales at NAI Realvest and Jeff Tanner, senior VP of investment sales and leasing represented the landlord, Amish Properties, LLC. 

O’Connor said Fred’s Southern Market also recently leased a former Macaroni Grill property in Lake Mary North of Orlando – another deal put together by the same NAI Realvest retail teams. 

Fred’s Southern Market based in Plant City, also has locations Riverview near Tampa and one in Lakeland.

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

Beth Payan or Larry Vershel, Larry Vershel Communications

NAI Realvest Negotiates $80,000 Sale of Bank Owned Development Site in West Volusia, FL

Chris Butera
ORLANDO, FL -- NAI Realvest recently negotiated the sale of 4.34 acres of residential development land located at 350 E. Ohio Ave. in Orange City. 

Chris Butera, investment associate at NAI Realvest, brokered the transaction representing the seller, REO Funding Solutions of Atlanta.      

The buyer, Viva! Homes, LLC of Longwood, Fla. paid $80,000 for the vacant land which was previously entitled for a 52-unit multifamily project.

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

Beth Payan or Larry Vershel, Larry Vershel Communications

Miami-Based Atlantic | Pacific Companies Partners With Blue Arch Advisors to Acquire 1,941 Multifamily Units in Georgia and Texas

Mark Briggs
MIAMI, FL - Atlantic|Pacific Companies (A|P) continues to strategically expand its national footprint with the acquisition of six Class A multifamily communities (totaling 1,941 units) located in the desirable investment markets of Georgia and Texas.

The total acquisition cost of the portfolio is in excess of $200 million.

This investment increases A|P’s holdings in Georgia to over 2,600 units in ten communities while increasing its Texas investment to over 2,300 units in seven communities.

 This marks A|P’s first investment within the Houston, TX market, complementing its existing holdings in Dallas, Austin and San Marcos, TX.

 Mark Briggs, Senior Managing Director at A|P Management remarked “A|P is extremely excited to add these quality assets to its growing portfolio.  A|P continues its smart growth with over 5,500 units now acquired within the past three years.”

Gil Hermon
Gil Hermon, Managing Partner at Blue Arch Advisors remarked “we are pleased to purchase such a quality portfolio in partnership with A|P.”

For more information about A|P Management and its property services, visit www.apmanagement.net or call (800) 918 – 1145.

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

Jessica Wade Pfeffer | Jessica Wade Inc.

Margie Sernik  | Jessica Wade Inc.
margie@jessicawadein.com | 786.200.2516