Friday, May 1, 2015

Shoppes of Aloma in Winter Park, FL Welcomes Two New Tenants

Craig Katterfield
WINTER PARK, FL – Shoppes of Aloma welcomes two new tenants, Lady Jane’s Haircuts for Men and Smoothie King, to the shopping center.  

Founded in 2004 and now with more than 40 locations in seven states, Lady Jane’s Haircuts for Men opens its first store in Florida in the 1,273-square-foot space at Shoppes of Aloma, as a part of its expansion plan for growth in 10 states.

            Shoppes of Aloma also welcomes Smoothie King to the center.  New Orleans-based Gold Sky LLC will open their first of five Smoothie King’s in June in the 880-square-foot space at Shoppes of Aloma.  Smoothie King currently has eight Central Florida locations with more than 1,000 across the U.S. 

To read more about Smoothie King’s expansion, please see the Orlando Business Journal article.

Crossman & Company Senior Associate, Craig Katterfield, CCIM represented the landlord of Shoppes of Aloma for both the 1,273 SF and 880 SF lease agreements. 

Jon Hellein of Hybridge Commercial, in cooperation with Louis Ciotti of Landmark Commercial Real Estate Services, represented Lady Jane’s.  Janet Galvin of Liberty Universal Management represented Smoothie King.

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

Sydnie Cobb
Crossman & Company


Charles Dunn Company Completes $2.4 Million Sale of a 16-Unit Apartment Property in Los Angeles

Joseph Mackin
LOS ANGELES, CA– Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $2.4 million sale of a 16-unit apartment property in the East Hollywood submarket of Los Angeles.

Joseph Mackin, director with Charles Dunn Company, represented the buyer in the transaction, Essential Management. 

The seller, a private overseas investor was represented by First Investment & Realty. The property closed at a 5.5 percent cap rate.

Located at 634 N. Kingsley Dr., the property consists entirely of one-bedroom, one-bathroom units and was 100 percent occupied at the close of escrow.

“This property was in poor shape and has significant improvements that need to be addressed for safety as well as aesthetic reasons,” said Mackin. 

“This suited the buyer as it specializes in the major renovation of Hollywood-area apartment properties and will be able to add significant value to the asset upon completion of the improvements and lease-up with market rates.”

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

Darcie Giacchetto