Monday, June 13, 2016

Chicago-Based Renova Financial is Newest Client at Taylor Johnson

Emily Johnson
CHICAGO, IL, June 13, 2016 – Taylor Johnson President Emily Johnson announces her firm now represents Chicago-based Renovo Financial, a private lender providing loans of up to $2 million to experienced investors who acquire, renovate and manage residential properties.

Founded in 2011, Renovo Financial is one of Chicago’s fastest-growing private lenders, increasing its volume from $500,000 in lending in 2011 to a projected $150 million for 2016.  

Renovo Financial is well-capitalized through long-time equity partner Granite Creek Partners, in addition to Victory Park Capital, which recently made a $25 million commitment to increase its total investment to $75 million since 2015.

Unlike traditional lenders that can take up to 60 days to close, Renovo Financial’s structure enables it to deliver a 10-day-closing guarantee on short-term acquisition and construction loans, as well as long-term financing for rental properties.

The firm has a unique hands-on approach toward lending, with a staff that holds expertise across all disciplines, including financing, renovation and property management, and is nimble enough to provide tailored customer service throughout the life of the loan.

A team is assembled for each project loan to include third-party professionals such as attorneys, property managers, general contractors and Realtors. Renovo Financial specializes in the Chicago market, and has an expanding network of capabilities in other major cities.

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

Julie Liedtke at Taylor Johnson at (312) 267-4521 or

Easton & Associates Arranges Nearly 158,000 Square Feet of Leases

Michael Waite
DORAL, FL, June 13, 2016— Easton & Associates, a brokerage division of The Easton Group, announces the following new leases:

Structural Evaluation Technologies leased 40,000 square feet of industrial space at 5800 Miami Lakes Drive in Miami Lakes. The landlord is Seagis Lakeway. Mike Waite and Jim Armstrong managed the lease on behalf of Easton & Associates.

U.S. Pipe Fabrication LLC leased 28,873 square feet of warehouse space at 9350 124th St. in Miami. The landlord is Sandbern, Inc.  Mike Waite and Jim Armstrong of Easton & Associates represented U.S. Pipe.

HDPC Distributors LLC leased 25,000 square feet of industrial space at 16492 NW 48th Ave. in Miami Gardens. Mike Waite and Jim Armstrong of Easton & Associates represented the landlord, Salcum Shutters Investments, LLC. 

Goodman Distribution, Inc. expanded its lease at 13856-13860 SW 119th Ave. in Miami taking on 22,240 square feet of industrial space. Mike Waite and Jim Armstrong of Easton & Associates represented the landlord, Seagis Deerwood LLC. 

Jim Armstrong

Lioher Enterprise Corporation leased 18,005 square feet of industrial space from CFFI Miami Lakes LLC at 5820 NW 163rd St. in Miami Lakes. Tom Kimen of Easton & Associates represented the tenant and Carlos Velasquez from the Vivo Group represented the landlord.

Malo Dance Productions renewed its lease for 12,039 square feet of industrial space at 2216 NW 87th Ave. in Miami. Mike Rice and David Olalde of Easton & Associates represented the landlord, American’s Gateway Business Center. Aleman Realty LLC represented Malo Dance.

Quest Events, LLC leased 11,500 square feet of office space at 5031 Hiatus Road in Sunrise. Andrew Easton and Jeremy Myers of Easton & Associates represented the tenant. JLL represented the landlord, 5031 Hiatus Road, Sunrise.    

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

Todd Templin, BoardroomPR


Berger Commercial Realty Arranges Leases Totaling Nearly 25,000 Square-Feet at the Enterprise Commerce Center in Deerfield Beach, FL

John Forman
FORT LAUDERDALE, FL (June 13, 2016) - Berger Commercial Realty brokers John Forman and Keith Graves recently represented Mancini & Sons Florida #2, LLC in leasing 24,971 square-feet of space to tenants in two buildings at the Enterprise Commerce Center in Deerfield Beach. 

At 1901 Green Road, the brokers leased 9,820 square-feet of industrial space to Magellan Aircraft Services, LLLP in bay F and 9,290 square-feet of industrial space to Sinobec Resources, LLC in bay E. Located within minutes of I-95, Florida's Turnpike and the Sawgrass Expressway, the 76,381-square-foot building offers frontage on Wiles Road, wrap-around glass front facades, 24-foot ceilings and tilt-wall concrete construction.

Within the 19,620-square-foot Enterprise Commerce Center building at 5051 N.W. 13th Avenue, less than one mile east of its larger counterpart, the brokers leased 5,861 square-feet of industrial space to Boca Health & Fitness, LLC in bays A, B and C. The class A warehouse and flex property features ample parking, 18-foot ceilings, glass front facades and overhead drive-in shipping doors.

For more information about Berger Commercial Realty's leasing services, call 954-358-0900.

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

Lexi Robinson, ext. 255,

Marielle Sologuren, ext. 226,

Amdocs, Inc. Signs 36,891-Square-Foot Lease Renewal and Expansion in Alpharetta, GA

Hunter Henritze
ATLANTA, GA (June 13, 2016) – Amdocs, Inc. has signed a 1,901-square-foot lease expansion at 600 Northwinds, a Class A office building located in Alpharetta, Georgia. 

In conjunction with the expansion, Amdocs, Inc. has also renewed its existing 34,990-square-foot lease, and now occupies 36,891 square feet at the building.

Michael Howell and Hunter Henritze of Lincoln Property Company Southeast (Lincoln)  represented the landlord, Equity Office, in the transaction. Pete Shelton of Colliers International represented the tenant.

“With nearly 800,000 square feet of net absorption in 2015 and almost 100,000 square feet of net absorption in the first quarter of 2016, the Class A vacancy rate in North Fulton has dropped below 12 percent and is trending towards single digit vacancy,” Howell said. “With unrivaled accessibility to GA 400 and a robust mixed-use environment, Northwinds Office Park is the premier office campus in North Fulton.”

600 Northwinds is a six-story, 148,058-square-foot office building located at 11675 Rainwater Dr. within Northwinds Office Park a 258-acre mixed-use development featuring two hotels, four banks, nine restaurants, two newly renovated fitness facilities, a daycare/learning facility and six free conference/training facilities.

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

Savannah Durban
The Wilbert Group

BLT Enterprises Acquires Four-Building Office, Flex and Industrial Portfolio in Orange County, CA from Cordia Capital Management

Katie Kalvoda
ORANGE COUNTY, CA (June  13, 2016) –  BLT Enterprises, a multi-faceted commercial real estate investment company,  has acquired a four-building office, flex and industrial portfolio encompassing 170,447 square feet and spanning four Orange County cities from Cordia Capital Management, a leading private real estate investment firm based in Los Angeles. 

Cordia has a long history of investing in the Orange County market and has accumulated a significant portfolio comprised of institutional quality office, retail, industrial and multifamily assets throughout California and the Western United States.  

“We are pleased to make the sale at a time when capital markets are favorable to us and look forward to reinvesting the proceeds into strategic opportunities elsewhere,” says Katie Kalvoda, Chief Investment Officer of Cordia Capital Management.

BLT acquired the portfolio for $28 million or $164 per square foot.  The assets, which encompass an estimated total of 11.19 acres, are 100 percent occupied and strategically located in growing infill markets with immediate access to major Southern California freeways, according to Bernard Huberman, Founder and President of BLT Enterprises.

Bernard Huberman
“The Orange County market is primed for long-term economic growth, and we see a significant opportunity for value creation here,” Huberman says.  “This diverse portfolio is well-aligned with BLT Enterprises’ strategy to acquire and develop properties in prime locations near major transit corridors.” 

            BLT focuses on long-term holds and active asset management, according to Huberman, who notes that the firm employs a “lifetime landlord” approach to each of its owned assets.

            “As an owner, we focus on relationships,” Huberman says.  “We remain flexible with tenant needs, and work to ensure that companies that lease with BLT want to lease with us forever.  That focus will remain a top priority in these Orange County assets.”

            According to Robert Vincent, Asset Manager at Cordia Capital Management, the four-building portfolio is currently leased to large national companies including Securitas Security Services USA, which is publicly traded with annual revenues of $4.3 billion, as well as Ambry Genetics, Compass Group USA, and Exhibitree.

            “Our ability to attract and retain these high caliber tenants created a strong opportunity to capitalize on growing investor demand for quality, stabilized product in this region,” says Nick Nikoghosyan, Vice President of Investments and Portfolio Management at Cordia.  

Robert Vincent
               During its three decades of ownership, Cordia has seen the Orange County market evolve from agricultural fields and nascent beach towns to become a robust driver of the Southern California economy.  

At the helm of Cordia Capital Management, Chief Investment Officer, Katie Kalvoda, recounts, “We were early investors in Orange County.  Even during the worst cycles of the last 30 years, Cordia has been able to maintain our competitive advantage and achieve 100% occupancy.  

"This transaction is an example of our ability to be a leader in identifying growth markets and generating superior long term returns.” 

The transaction was brokered by Kurt Bruggeman and Ryan Swanson of Lee & Associates, who represented BLT Enterprises as the buyer, and Jeff Chiate, Jeff Cole and their team at Cushman & Wakefield, who represented Cordia Capital Management as the seller. 

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

Real Estate Companies Completes Sale of Single-Tenant Home Depot in Henderson, NV for $23 Million

Home Depot, 1030 West Sunset Road, Henderson, NV

Douglas Beiswenger
HENDERSON, NV – LBG REAL ESTATE COMPANIES, LLC (LBG), a Southern California-based investor in retail real estate, in partnership with Aviva Investors Real Estate Capital Partners I-A, LP, announce that they have completed the sale of a prime, single-tenant net-lease property in Henderson NV to an undisclosed buyer at a sale price of $23,162,717.

The sale of the property was brokered by Chris Kostanecki and Dave Lucas of Capital Pacific in Las Vegas, NV.

The property is prominently located within the Sunset Plaza Shopping Center at 1030 W. Sunset Road, near Interstate 515, and contains approximately 102,370 square feet of building area on 9.07 acres.

 Built in 1992, the property is surrounded by many leading national retailers, which provides a strong consumer draw to the intersection. These include a Walmart Supercenter, Kohl's, and Forest City’s highly successful Galleria at Sunset super-regional mall.

LBG acquired the Home Depot-leased property in December of 2012. The plan going into the purchase was to extend the base lease term of the Home Depot. LBG was able to perform a “blend and extend” to stabilize the asset for the long-term and add value to the property.

David S. Goldman

LBG is led by principals’ Douglas Beiswenger, David Goldman, and Leslie Lundin.

Commenting on the property, Lundin said, “Knowing that Home Depot would not vacate the property based on LBG’s knowledge of the Henderson retail market and available developable land in the submarket that would be suitable for Home Depot, this acquisition provided a unique opportunity for LBG to acquire a strong single-tenant property on a short-term below-market-rent lease and do a ‘blend and extend’ to create value."

Goldman added, “In late 2012, the retail market in Las Vegas was turning up and we knew that this prime property and core market would only continue to improve in the years to come. 

"We also believed that the building in this A+ location could be easily re-tenanted, potentially under even more favorable economics, if Home Depot decided to vacate in five years.”

“In 2012, we saw improvements in the Las Vegas market but remained very concerned about its housing market crash,” said Russ Bates, head of the Americas of the Global Indirect Real Estate team of Aviva Investors. 

“Through our joint venture program, which allows us to partner with best-in-class operators, we partnered with LBG to acquire a mismanaged retail asset with an outstanding tenant and located in an excellent, mature retail market.

Leslie Lundin
" This combination of purchasing at a deep value, earning solid cash flow and strong management by our partner led to great results.”

For more Information, contact:

David Goldman
Managing Partner
LBG Real Estate Companies, LLC
11150 Santa Monica Boulevard, Suite 770
Los Angeles, CA 90025
O 310-235-0444 x15

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

Anne Monaghan
Monaghan Communications