Wednesday, August 12, 2015

NAI Realvest Negotiates Leases for more than 10,000 SF of Industrial space on Goldenrod and Hanging Moss in Orlando, FL

Kristen Kemp
ORLANDO, FL  – NAI Realvest recently negotiated four lease agreements for 10,353 rentable square feet of industrial space at Goldenrod and Hanging Moss CommerCenters in Orlando. 

Michael Heidrich, principal and Kristen Kemp, associate at NAI Realvest negotiated the lease of 4,412 square feet in Suite 240 at 1468 N. Goldenrod Rd. representing the landlord Goldenrod SPE, LLC. 

The new tenant is Logsdon & Sons Installations, LLC represented by Josiah Biddle of McNulty Group. 

Heidrich also brokered a lease renewal on behalf of the same landlord with Mobil Oval Auto Repair, LLC, the tenant who occupies Suite 325 with 2,191 square feet. 

Patricia Sullivan

Heidrich negotiated two new lease agreements for 1,875 square feet each in Hanging Moss CommerCenter at 6124 Hanging Moss Rd. 

The local tenants are Steamatic of Central Florida, Inc., represented by Patricia Sullivan of Olde Town Brokers, and White’s Athletics, LLC represented by Bryan Daughtry of Century 21 Carioti.    Hanging Moss SPE, LLC is the landlord.

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

Beth Payan or Larry Vershel, Larry Vershel Communications


CBRE Lists Mercantile Bank Plaza for Sale in Winter Park, FL

Mercantile Bank Plaza, 1560 North Orange Avenue, Winter Park, FL

ORLANDO, FL -- CBRE, Inc. is the exclusive marketing broker for 1560 N. Orange Ave; a Class-A, seven story, multi-tenant office building located in Winter Park, Florida.

Excellent access and visibility, strong occupancy and high quality nearby amenities make 1560 Orange an excellent investment that does not come available often.
Ron Rogg
   Property Snapshot

Rentable Area 102,651 sq. ft.
Land Size ±4.74 Acres (±206,651 SF) on main parcel plus
±0.64 Acres (± 27,878 SF) on parking lot across Orange Avenue
±5.38 Acres TOTAL
Year Built 1971
No. of Stories Seven
Parking 234 Surface Spaces on-site, plus 60 in the lot across Orange Avenue
Submarket Winter Park
       Investment Highlights

  +  NOI projected to grow 66% over the next ten years
 +  Winter Park office vacancy rate is only 10.78% as of 2Q 2015 (Class A vacancy is 4.36%)
 +  In-place rents are below market
 +  Strong in-place income from credit tenants
 +  Additional development potential: medical, office, retail, residential

 +  Superior location and visibility on a hard corner, offering more than 1,100 linear feet frontage on 17/92 and Orange Avenue
   +  Minutes away from Orlando's CBD, Florida Hospital, Park Avenue and Rollins College
 +  Amenities include an on-site fitness center and ATM
 +  Located at signalized intersection
Edward 'Chip' Wooten
 +  Rare opportunity to purchase a well-established office property in one of Orlando’s most exclusive submarkets

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

  Ronald J. Rogg, CCIM
Executive Vice President
+1 407 839 3194

Edward "Chip" Wooten
+1 407 839 3195


PKF Hospitality Research Forecast Accuracy Remains High

R. Mark Woodworth

 Atlanta, GA, Aug. 12, 2015 – PKF Hospitality Research (PKF-HR), a CBRE Company released the results of their latest assessment of the accuracy of their Hotel Horizons® forecasts for the U.S. lodging industry.  

This is the fourth periodic review conducted by PKF-HR since 2005 and is an important and critical component of the firm’s forecasting efforts.

“Once again we are pleased to report that the accuracy of our forecasts remains high,” said R. Mark Woodworth, senior managing director of PKF-HR.  “Accuracy on the national level continues to far exceed generally accepted benchmarks.  

"At the local level, accuracy is strong for the most part.  However, there are markets where the level of precision will be improved.

“Periodic accuracy assessments are extremely important to us.  Internally, they help us improve our models and forecasting procedures.  Externally, these tests of accuracy allow our clients to calibrate the decisions they are making based on our forecasts,” said Woodworth.

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

Chris Daly
Gray Public Relations
703 435 6293

Veteran Healthcare Practice Consultant Ernie Anaya Joins Bull Realty in Atlanta, GA

Ernie Anaya
ATLANTA, GA (Aug. 12, 2015) – Veteran healthcare practice consultant Ernie Anaya, MBA has joined Atlanta-based commercial real estate brokerage firm Bull Realty’s Healthcare Real Estate Services division.

 Ernie’s practice is focused on delivering commercial real estate solutions for healthcare providers—including large medical group practices, clinics, and integrated healthcare systems- that meet their client demographic profiles, space requirements, and compliance with OSHA, Stark and Anti-Kickback laws and HIPAA. 

His goal is to help healthcare clients develop and execute successful healthcare real estate strategies that meet space requirements, and growth and profitability goals.

Anaya has over 20 years of experience in Fortune 500 Business-to-Business and Management Consulting, with a focus on the healthcare industry. 

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

Melissa Henry
Communications Associate
Bull Realty, Inc.
50 Glenlake Pkwy, Suite 600
Atlanta, GA  30328

404-876-1640 x 110

Anita Paryani and Jake Roberts of IPA Capital Markets Arrange $100 Million in Investment Property Financing in Second Quarter

Anita Paryani
LOS ANGELES, CA  – Institutional Property Advisors Capital Markets (IPACM), a leading provider of debt and equity placements and advisory solutions for major investors, announces that Jake Roberts, first vice president capital markets, IPA, a division of Marcus & Millichap, and Anita Paryani, vice president capital markets, IPA, both in West Los Angeles, arranged approximately $100,000,000 in commercial real estate financing in the second quarter of this year.

            “As the country’s economy continues to grow, commercial real estate investors are taking advantage of the market’s fundamentally sound conditions to add to their investment portfolios and refinance existing assets at favorable terms from a wide variety of funding sources,” says Roberts.

“Investors are seeing strong performances from most property types and are enjoying improved access to financing,” adds Paryani. “Nonbank lenders, including private equity lenders, are providing more loans, especially first mortgage loans, to commercial real estate borrowers and the number of CMBS lenders in the marketplace continues to grow.”

Jake Roberts
“Even with the increasing likelihood of an upward interest rate adjustment in September, it’s a great time to be a borrower,” concludes Roberts.

One of Roberts and Paryani’s most significant transactions in the second quarter is $29,250,000 in acquisition financing for a multifamily property in Northern California.

The 65 percent loan-to-value, three-year debt placement has an adjustable interest rate of LIBOR plus 200 basis points. Roberts and Paryani also procured $23,300,000 in fixed-rate refinancing at 4.53 percent over a 30-year term for a hospitality property in San Diego. That debt placement is 70 percent loan-to-value.

Other financial arrangements completed by Roberts and Paryani in the quarter include the placement of multifamily acquisition loans in Spokane Wash. that totaled more than $19 million and a $6.78 million industrial warehouse refinancing in Grand Rapids, Mich.

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

Gina Relva
Public Relations Manager

(925) 953-1716

IPA Facilitates Sale of Crabtree Valley Rehab Facility in Northwest Raleigh, NC

Mark Myers
RALEIGH, NC – Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and major private real estate investors, is pleased to announce the sale of a 134-bed skilled nursing facility, Crabtree Valley Rehab, located at 3830 Blue Ridge Road in the northwest portion of Raleigh.

            IPA executive director Mark Myers, IPA senior director Joshua Jandris and IPA associate director Charles Hilding, all of the firm’s Chicago O’Hare office, advised the seller. Mike Pardoll, senior vice president investments and senior director of the national senior housing group, of the firm’s Charlotte office procured the buyer. 

“The facility is operating extremely well and experiencing strong cash flow,” says Myers. “It is conveniently located within 5 miles of two hospitals.”

            The facility was built in two phases, with the 100 and 200 halls built in 1987 and the 300 and 400 halls built in 1993. There are six private rooms and 64 semi-private rooms for a total of 70 patient rooms.

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

Gina Relva
Public Relations Manager

(925) 953-1716

Marcus & Millichap’s Exclusive Listing: Sabina Plaza in Miami, FL Hits the Market for $13.6 Million

Sabina Plaza, SW 152nd Avenue , Miami, FL

Kirk D. Olson
 MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that it has obtained the exclusive listing for Sabina Plaza at Bird Road, a 51,044-square-foot shopping center located in Miami. The asset is listed for $13,616,000.

Kirk D. Olson and Drew A. Kristol, both vice president investments in Marcus & Millichap’s Miami office, are representing the seller, a limited liability company from North Miami, Fla.

“The property is in impeccable condition with minimal deferred maintenance and excellent curb appeal,” says Olson. “This is a rare opportunity for an investor to own a newer construction shopping center in one of Miami’s most attractive, high-growth submarkets.”

Sabina Plaza is anchored by Dollar Tree with a diverse mix of national and local tenants including a daycare, martial arts studio, dance studio, dental office, nail salon, beauty salon, cross-fit gym and two restaurants. Walgreens and Bank of America are outparcels to the property and attract significant traffic; they are not included in the offering.

Sabina Plaza at Bird Road is located at 4001 SW 152nd Avenue on the signalized corner of Bird Road and SW 152nd Avenue.

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

Kirk A. Felici
First Vice President/District Manager
 Miami, FL
(786) 522-7000