Sunday, October 11, 2015

NAIOP to Host Commercial Real Estate Trade Show-Expo in Fort Lauderdale, FL

Andrew Ansin
FORT LAUDERDALE, FL – NAIOP South Florida, a Commercial Real Estate Development Organization, will host the 2015 Commercial Real Estate Trade Show-Expo and high level panel discussion on Thursday, October 29 from 3 to 6:30 p.m. at Nova Southeastern University, 3301 College Ave. in Fort Lauderdale.

Highlighting the Expo will be a panel discussion of top executives from such leading industries in South Florida as aerospace, biotech, healthcare, logistics and higher education. NAIOP South Florida will explore how these industries have a positive impact on real estate here in Florida.

The panel will be moderated by Andrew Ansin, vice president of Sunbeam Properties, developer of the Miramar Park of Commerce, the largest locally owned and managed Business Park in South Florida.

The panel discussion is scheduled from 3 to 4 p.m. followed by the Expo from 4 to 6:30 p.m.

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

Pierson Grant Public Relations
Lexi Robinson, ext. 255

$9.4M JLL Industrial Sale Brings West Valley Interest to East Valley Asset in Arizona

Steve Larsen
PHOENIX, AZ – The Phoenix office of JLL has just closed the $9.4 million sale of 464 E. Chilton Dr., a manufacturing/distribution facility in Chandler, Arizona that underscores the growing interest in Southeast Valley industrial investment assets.

JLL Vice President Steve Larsen and JLL Managing Director Bill Honsaker brokered the deal for the buyer, Cohen Asset Management, and the seller, GP Investments, LLC.

“Buyers looking for quality Phoenix industrial assets have broadened their scope to include not only our traditional, big-box West Valley space but also the Southeast Valley, where activity trends more toward manufacturing and regional distribution,” said Larsen. 

“That is the case with this project, which is being purchased by an investor who, up until now, has operated primarily in the West Valley.”

Built in 2000, 464 E. Chilton Dr. totals 104,352 square feet, including almost 14,000 square feet of office space. It is 100 percent occupied by Phoenix Packaging, LLC.

Building amenities include 2-3,600 amps 277/480 volt SES, 28’ clear height, ESFR sprinkler system and five truckwell and four grade level doors. The project has light industrial/PAD zoning. It is located approximately 2 miles south of the US 60 Freeway, just east of Arizona Avenue.

According to JLL, the Southeast Valley submarkets of Mesa, Gilbert, Ahwatukee, Chandler and Tempe account for 27 percent of Phoenix’s industrial inventory but as of Q2 were responsible for more than 60 percent of year-to-date absorption. Freeway access and large areas of developable land keep these submarkets in high demand among tenants and developers, and have helped to maintain vacancy rates that fall below the market average of 10.7 percent.
For a complete copy of the company’s news release, please contact:
Stacey Hershauer
Marketing & Public Relations
(480) 600-0195

Affiliate of InSite Group Acquires Four-Story Office Building on Fort Lauderdale's 17th Street Causeway

Steve Hyatt
FORT LAUDERDALE, FL – Berger Commercial Realty announced the purchase of a four-story office building on Fort Lauderdale's 17th Street Causeway for $7.8 million.

Steve Hyatt, senior vice president of Berger Commercial Realty, represented the buyer 17 FLL Holdings, LLC, which is an affiliate of InSite Group. Paco Diaz and Gerard Yetming of CBRE Miami represented the seller, Intervest-910, LLC. The sale closed Oct. 2.

InSite Group, a boutique real estate development company, intends to relocate its headquarters from Weston and occupy approximately 15,300 square-feet on two floors of the building, located at 910 S.E. 17th St. 

Approximately 7,056 square-feet of space on the ground floor of the 31,000-square-foot building is available for lease.

“The buyer was drawn to both the size and highly desirable location of this property,” Hyatt said.

For a complete copy of the company’s news release, please contact:
Pierson Grant Public Relations
Lexi Robinson, ext. 255,
Marielle Sologuren, ext. 226,

Terrazas Miami Sells 16 Units in September; Miami River Development Now Nearly 50 Percent Sold

Ana Maria Sierra
MIAMI, FL -- Terrazas Miami, a luxury waterfront condominium development on the Miami River, is celebrating a sales milestone.  In September alone, 16 units were sold and the waterfront property is now nearly 50 percent sold.

Located at 1861 NW South River Drive, Terrazas Miami is a two-tower, 324-unit luxury, gated community featuring 1, 2 and 3 bedroom residences, lofts, townhomes and penthouses.

“September was an excellent month at Terrazas,” said sales manager Ana Maria Sierra

“While nearby Miami properties continue to be priced higher and higher, at Terrazas we are able to offer waterfront luxury at an affordable price.  On top of that, the project is already built so buyers don’t have to wait to move-in.”

Prices at Terrazas Miami start in the mid-$200,000s and a majority of the units are priced under $400,000. 

For more information on Terrazas Miami, contact the sales office at 305-440-4775.
For a complete copy of the company’s news release, please contact:
Ilana Tescher
Account Executive
Office: 954-370-8999

Cell: 954-249-1816

Shopoff Realty Investments Named One of the Fastest Growing Companies in US

William Shopoff
IRVINE, CALIF. – Oct. 7, 2015 – Shopoff Realty Investments announced today that Inc. 5000 recently ranked the company 995 on the 2015 list of the fastest-growing, privately held companies in the United States, a significant increase from 1779 in 2014.

 Additionally, Shopoff Realty Investments was named by the Orange County Business Journal as the 17th fastest growing small private company in Orange County, Calif.

The company’s revenue grew an average of more than 150 percent per year since 2013, to more than $8 million annually. Capital formation increased to more than $100 million in 2015 from $30 million in 2013.

“Our company and model continue to experience success, as we source and execute on our value-add real estate strategies,” said William Shopoff, CEO of Shopoff Realty Investments.

“The Inc. 5000 and Orange County Business Journal’s recognition are a testament to the hard work of our management team and employees, and we are very proud of the prosperity and opportunity we’ve created for our investors, partners and local communities.”

Headquartered in Irvine, Shopoff Realty Investments seeks to proactively create event-driven appreciation by employing a unique approach that identifies unrealized opportunities and transforms them into potentially greater value, through the repositioning of commercial assets and the repurposing of land through entitlements.

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

Julie Leber                                                                         
Spotlight Marketing Communications                    
949.427.5172, ext. 703                   


Capital Square Realty Advisors Completes 37,500-Square-Foot 24 Hour Fitness Facility DST Offering in Los Angeles, CA

Louis Rogers
LOS ANGELES, CA – Capital Square Realty Advisors, LLC announced its Delaware statutory trust offering, CSRA 1530 W. Covina, DST, comprised of a 37,500-square-foot fitness facility in Greater Los Angeles, has been fully subscribed by investors.

“This fitness facility is on a long-term, triple net lease to 24 Hour Fitness, USA, a leading national fitness club operator,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors.

 “The property benefits from a desirable location in Greater Los Angeles and a number of amenities for club patrons. We are pleased to complete this DST, the 17th to be fully subscribed since our founding less than three years ago, and look forward to continuing to offer section 1031 exchange and cash investors the opportunity to take part in ownership of high quality properties such as this one as we grow our DST platform.” 

The two-story building is located at 1530 W. Covina Parkway, approximately 19 miles east of downtown Los Angeles, in the eastern San Gabriel Valley.

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

Julie Leber                                                                         
Spotlight Marketing Communications                    
949.427.5172, ext. 703                   


Lincoln Harris Brokers Four Leases Totaling 12,187 Square Feet at The Arboretum at Weston in Cary, NC

Kaler Walker
RALEIGH, NC — Kaler Walker and John Mikels of Lincoln Harris’ Raleigh office have brokered four leases totaling 12,187 square feet at The Arboretum at Weston, located in Cary, North Carolina. Walker and Mikels represented the landlord in the transactions. Details are as follows:

·      Cherish Yourself, a wellness and health promotion center, signed a 6,450-square-foot lease, making it the second largest tenant at the center. Lucy Clark of The Lundy Group represented the tenant in the transaction.

·      Lane & Associates, a dental practice, signed a 2,400-square-foot lease extension.

·      Allstate Insurance Co. signed a new 2,352-square-foot lease. Tiffany Barrier of CBRE – Raleigh represented the tenant in the transaction.

·      SuperGreen Solutions signed a 985-square-foot lease. Mike Brugger and Tim Phillips of Franchise Real Estate represented the tenant in the transaction. The company, which focuses on the sale of energy efficient products for the home and business, brings an entirely new use to the center.

The Arboretum at Weston is a mixed-use development featuring 80,000 square feet of retail and restaurant space, along with 9,700 square feet of office space and 207 residential units. The property is located across from the SAS Campus, which has more than 4,920 employees on site and is the largest employer in Cary.

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

Savannah Duncan
The Wilbert Group
404-343-0870 (O) 404-901-4433 (C)

Cooper Carry Promotes 53 Professionals

Kim Rousseau
ATLANTA, GA  – The internationally recognized design firm, Cooper Carry, recently promoted 53 professionals, including five principals, 21 associate principals, 11 senior associates and 16 associates.

 The internal appointments demonstrate the company’s continued growth, commitment to the future and success of its various specialty practice groups.

“Our firm strongly believes in recognizing good work and empowering employees at all levels to achieve in each of their specialty practice groups,” said Kevin Cantley, president and CEO of Cooper Carry. 

“The velocity of new projects has created a culture for growth and innovation, and the advancement of these 53 professionals is one of many steps that will position Cooper Carry for future prosperity into the next generation.”

Current projects include Park Center in Dunwoody, Georgia; the AC Hotel by Marriott in Atlanta; Lighthouse Point in Staten Island; and Ballston Mall in Arlington, Virginia.

A complete list of names and positions is outlined below:


· Manny Dominguez, Bill Halter. Bob Just, Kim Rousseau, Andrea Schaub.

Associate Principals

· Brent Amos, Christopher Bivins, Lesley Braxton, Brian Campa, Dorothy (Dots) Colley, Pratt Farmer, Lauren Ford, Rick Fredlund, Layton Golding, Mark Kill, Oscar Perez, Brian Parker, Katie Peterschmidt, Kyle Reis, Mike Service, Judy Simmons, Andrea Smith, David Thomson, Gary Warner, Nate Williamson, Sherry Wilson.

Andrea Schaub
Senior Associates

 T. Jack Bagby, Stephen Carlin, Matthew Carr, Chris Culver, Brandon Danke, David Goodman, Mike Linker, Kathy Logan, Bill Garcia, Douglas Webster, Markus Wilms.


 Jason Albers, John Beres, Allison Bickers, Stephen Busch, Jon Cakert, Krista Dumkrieger, Judy Ferguson, Maria Greenawalt, Matt Guelcher, Audrey Hardesty, Jason King, Gweneth Kovar, Robin Lackey, Brandon Lenk, Elizabeth Muscroft, Sophia Tarkhan.

Cooper Carry was founded in Atlanta in 1960, and has received many accolades throughout the last 55 years. Recently, Cooper Carry was the only Atlanta-based design firm to break the Top 50 in Architectural Record’s “Top 300 Architecture Firms” list, which is determined by total design revenue in 2014. 

Cooper Carry was also included on Engineering News-Record’s (ENR) list for Top 100 Green Design Firms and Top Five Hospitality Firms.

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

Hadley Creekmuir,
The Wilbert Group


Passco Companies Acquires 344-Unit Class A Multifamily Community in Duluth, GA

The Estates at Crossroads, 2620 North Berkeley Lake Road Northwest, Duluth, GA

DULUTH, GA – Passco Companies, LLC has acquired The Estates at Crossroads, a 344-unit, Class A multifamily community located in the highly sought after Duluth submarket of Gwinnett County, Georgia, according to Colin Gillis, Director of Acquisitions, Southeast for Passco Companies.

Colin Gillis
“The Estates at Crossroads is located in Metro Atlanta’s booming Gwinnett County, one of the nation’s top-ten fastest growing counties with an impressive 46 percent population growth since 2000,” explained Gillis.

 “The growth in the sheer number of people and businesses moving into the area has resulted in strong renter demand for Class A housing, making this an extremely smart acquisition for Passco Companies. 

"In fact, Gwinnett County’s population growth from 2012-2014 represented over 34 percent of the total population growth seen in the thirteen county area encompassing the Atlanta MSA.”

Gillis notes that the area's soaring population is based on job growth in the region.  Metro Atlanta’s employment gains are expected to reach near record levels, with more than 140,000 new jobs expected in 2015. 

Gillis notes that the property is located within 15 miles of over 55 million square feet of Class A office space, including Technology Park Atlanta, Windward Parkway Corridor, Johns Creek Technology Park, and Perimeter Center. Gwinnett County is also home to the headquarters of three Fortune 500 companies, including the AGCO Corporation and Asbury Automotive.

Chris Black of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing for Passco Companies through Fannie Mae.

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

Corynne Randel / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Lincoln to Lease and Manage Class A Office Building in Duluth, GA

Jeff Henson
ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has been tapped to lease and manage a 103,742-square-foot Class A office building, located at 6340 Sugarloaf Parkway in Duluth, Georgia.

Jeff Henson and George Gwaltney will lead leasing efforts on behalf of the landlord, Kapoor & Sons, LLC.

“This property offers highly desirable Class A office space in a prime location adjacent to Gwinnett Arena with close proximity to I-85,” Henson said.

 “With the recently completed renovations to the lobby and common areas, we believe the building will attract a significant amount of companies looking for high-quality space in Duluth.”

The building also offers a move-in ready, fully operational bank space in the main lobby on the first floor. The space is equipped with a teller counter, vault, associate offices and three drive-thru bays with ATMs and deposit boxes. Building and monument signage is available to the bank user. 

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

Savannah Duncan
The Wilbert Group

NAI Realvest Negotiates Retail Leases totaling over 10,000 Square Feet in Seminole County, FL

Kimberly Manson
Casselberry, FL -- NAI Realvest, based in Orlando, recently negotiated four long-term leases totaling more than 10,000 rentable square feet of retail space at centers in Casselberry, Oviedo and Winter Springs.     

Seminole Wellness & Injury Center headed by Dr. Richard Bocco expanded into 3,200 total square feet by signing a new lease for 1,600 square feet at 164 Sausalito Blvd. and renewing the lease of their existing 1,600 square feet at 172 Sausalito Blvd.

  NAI Realvest Broker Associate Drew Saphos, CCIM, Principal Christie Alexander, and Chairman George Livingston brokered the transactions. The landlord is Pompano Beach-based JAB Shopping Center II, LLC.  Other tenants at the Baer’s Furniture Plaza include Planet Fitness.

Jeff Tanner, vice president and Kim Manson, director of retail and investment sales at NAI Realvest negotiated a new lease of 5,342 square feet representing Landlord Realty Income Corporation of San Diego, Calif.   Kid City USA Oviedo, Inc., a franchisee of Kid City USA leased the space at 204 Alexandria Blvd. in Oviedo. 

Christie Alexander
The brand currently operates 17 corporate and franchised locations throughout Central Florida.  The tenant was represented in the transaction by Todd Haber of Cresa Orlando.           

At 158 Tuskawilla Rd. in Winter Springs, NAI Realvest Senior Director Jeff Bloom brokered the lease renewal of 1,530 square feet at the retail facility representing the Dallas-based Landlord Summer Falls, LLC.  

Tenant Herba Family Chiropractic is a team of family wellness professionals headed by Dr. Matthew Herba.  

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142


NAI Realvest Negotiates $2.66 Million Sale of Vacant Land in St. Cloud, FL

George Livingston
ORLANDO, FL --- NAI Realvest recently closed on the sale of 28 acres of vacant development land on Thompkins Road in St. Cloud for $2,660,000.

NAI Realvest Broker Associate Daniel Blackford and Chairman George Livingston negotiated the sale representing the Buyer, Serenity Living Environments, LLC

The Seller was Stephen Miles, Trustee based in Kissimmee.  

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142