Saturday, January 31, 2015

NAI Realvest Negotiates Purchase of 154,000 Square Foot Neighborhood Shopping Center in Casselberry, FL for $7.175 Million

George Livingston
Casselberry, FL – NAI Realvest, based in Orlando,  recently negotiated the $7,175,000 purchase price for the 154,323 square foot retail center known as Greater Marketplace located at 1006 SR 436 in Casselberry north of Orlando. 

NAI Realvest broker associate Drew Saphos, CCIM, along with chairman George Livingston, and principal Christie Alexander, represented the Pompano Beach buyer JAB Shopping Center II, LLC who has anchored the center with a new metro Orlando location for Baer’s Furniture.

“This new Baer’s Furniture showroom will synergize with the Winter Garden location opening later this year to bookend the Orlando MSA with locations on the eastern and western sides of the metro area,” Saphos said. 

Existing tenants at the center include Bank of America, Verizon, Planet Fitness and Colorado Fondue Company.  The seller, Greater Properties, Inc. was represented in the transaction by Crossman & Company. 

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

Larry Vershel or Beth Payan, Larry Vershel Communications 407.644.4142

Berkadia Names David Wilson, MAI Senior Investment Advisor in its Alabama Office

David D. Wilson
BIRMINGHAM, AL --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently named David D. Wilson, MAI, Senior Investment Advisor in the firm’s Birmingham, Ala. office.

David Oakley, partner who heads the Alabama team, said Wilson has more than 25 years of experience in all facets of the commercial real estate business, including apartment market analysis and appraisal. 

  He received his MAI designation from the Appraisal Institute in 1994, while in Dallas, TX.

Wilson has been owner-operator of his own commercial real estate appraisal, research and consulting company based in Huntsville, Ala. for 20 years and over the past eight years the company’s exclusive focus has been the multi-family industry. 

In addition, Wilson has been the primary analyst and founder or co-founder of annual apartment surveys for Huntsville, Birmingham, Mobile, Montgomery, Tuscaloosa, Chattanooga, and Florida’s Emerald Coast with some dating back over 15 years. 

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

Larry Vershel or Beth Payan, Larry Vershel Communications 407.644.4142