Saturday, June 18, 2016

Blackton, Inc. Earns $1.5 Million Contract to Provide Flooring Materials 128 new single-family homes in Davenport, FL

 Davenport, FL --- Blackton, Inc., a major supplier for the home building industry, recently earned a $1.5 million contract to provide flooring materials for Chelsea Park being developed by Avex  Homes in Davenport.

Micky Blackton, chief executive officer of Blackton, Inc., said the contract for Avex Homes includes all flooring treatments for the homebuilder’s 128 four, five and six-bedroom, two-story vacation homes planned for Chelsea Park.

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

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


Berkadia Negotiates $54 Million Sale of Largo, FL Apartments

Madison at Largo Apartments, 601 East Rosemary Road Northeast, Largo, FL

Jason Stanton
 LARGO, FL – Berkadia announced the recent sale of Madison at Largo, a multifamily property located in Largo.

 Senior Director Jason Stanton of the Clearwater office, as well as Managing Director Cole Whitaker and Senior Director Hal Warren of the Orlando office, and Senior Director Tal Frydman of the Boca Raton /Miami office, negotiated the $54 million sale, reflecting a $121,622 per-unit price.

Tal Frydman sold the property to Largo Landry LLC for $14.3 million in 2011 and since then Seller Largo Landry LLC of West Springfield, Mass. completed major renovations to the property with both interior and exterior enhancements.  

The Buyer was enticed by Madison at Largo’s condition and its proximity to several major rental demand drivers.

"The competition for this property was intense, as over 15 official property tours were conducted and resulted in more than 10 competitive offers," said Stanton. "The ultimate price-per-unit was record-setting in Pinellas County for an off-waterfront property with more than 150 units."

Located at 601 East Rosemary Rd. NE, the 444-unit property offers one-, two- and three-bedroom floorplans. Unit amenities include kitchens equipped with refrigerators, stoves, microwaves, dishwashers and garbage disposals, along with breakfast bars, carpet and wood-style flooring, washer and dryer connections and private patios or balconies. Residents also enjoy community amenities such as three resort-style pools, a 24-hour state-of-the-art fitness center and a lounge with pool tables and bistro seating.

The property is located just north of East Bay Drive, a main east-west thoroughfare through Largo, and just south of Gulf to Bay Boulevard.  It is less than five miles from Clearwater Beach and approximately five miles from downtown Clearwater. Top employers in the area include Tech Data, Jabil Circuit, BayCare, and Home Shopping Network.

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

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


NAI Realvest Negotiates Sale of Vacant Retail Building in Kissimmee, FL

JoAnn Cumbie
ORLANDO, FL--- NAI Realvest recently closed on the sale of a vacant retail building with 2,940 useable square feet on a 0.5-acre site at 2550 N. John Young Parkway in Kissimmee.  

NAI Realvest Broker Associate Daniel Blackford negotiated the sale representing the local Seller Morcourt Bermuda, LLC. 

The buyer, Trust No. 2550 North John Young Parkway Land Trust paid $390,000 for the freestanding building built in 1973.   JoAnn Cumbie of Goodwin Realty & Associates, Inc. represented the buyer.

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

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


Rhodes+Brito Architects Completes Design for Downtown Orange County Library Renovation

Renovated Reference Department, Orange County Public Library, Downtown Orlando, FL

ORLANDO, FL--- Rhodes+Brito Architects recently completed the design for renovations to the fourth floor of the Orange County Public Library located in the heart of downtown Orlando on Central Blvd.

Ruffin Rhodes
Ruffin Rhodes, co-founder and partner at Rhodes+Brito, said the new design of approximately 10,000 square feet of the library’s fourth floor focuses on quality interior finishes consistent with other levels of the library and bringing in lots of natural light to create a lively and vibrant space.

Special features include a large open area with computers and flexible community rooms that are totally glassed in. 

“The renovation will enhance visual connections between the information desk and overall floor while creating a comfortable environment for computer research,” Rhodes explained. 

Construction start of the approximate $1.4 million renovation will be determined once a contractor has been selected.

Rhodes informed that the Library project is part of a continuing architectural services contract the firm has with Orange County to provide architectural and engineering services for projects valued under $2 million.

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

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


Hold-Thyssen Negotiates Lease with Mad Science for 1,700 Square feet at Maplewood Plaza in Jupiter, FL

Therese Taylor
JUPITER / WINTER PARK, FL -- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated the lease of 1,700 square feet at Maplewood Plaza, 401 Maplewood Drive in Jupiter. 

Therese Taylor, leasing agent at Hold-Thyssen, represented the Miami-based landlord GECMC 2005 in the transaction. 

The tenant, Mad Science of Palm Beach, provides afterschool programs, summer camp and in-class workshops with fun and entertaining methods of teaching science, technology, engineering and math (STEM).    

Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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

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


NAI Realvest Negotiates New and Renewal Leases totaling 12,000+ square feet at Four Orlando Industrial Centers

Tom R. Kelley
ORLANDO, Fla. – NAI Realvest recently negotiated two new leases and two renewals totaling 12,102 rentable square feet at Orlando industrial centers.

Tom R. Kelley, CCIM, principal at NAI Realvest, represented Landlord Freese Management of Oviedo in the lease of 2,081 square feet in the warehouse facility at 5612 Carder Rd. off Edgewater Drive and All American Blvd. 

 The new Tenant G.A. Food Services of Pinellas County, Inc., specializing in pre-portioned meals and catering large organizations, was represented by David Lundberg of Commercial Equity Partners. 

Kelley also negotiated a new lease for 1,830 square feet representing the Miami-based landlord at South Park Business Center, 8600 Commodity Circle off John Young Parkway in south Orlando.  The tenant is Marietta, Ga.-based United Contractor Services of Florida, LLC, a multi-craft finish contractor servicing the construction industry.

Michael Heidrich, principal at NAI Realvest brokered a renewal agreement on behalf of the landlord at Goldenrod CommerCenter on Goldenrod Rd. just south of SR 50.   The Tenant Islamic Society of Central Florida, Inc. renewed the two units they occupy that total 4,191 square feet.

Heidrich also completed a lease renewal for the landlord at Hanging Moss CommerCenter for Suites 520 and 530 with 4,000 square feet at 6100 Hanging Moss Rd. off Semoran Blvd. south of Winter Park.

 Black & Decker (U.S.) Inc., the power driven hand tool manufacturer, is the tenant and was represented in the negotiations by John B. Leicht of Cushman & Wakefield.

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

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


NAI Realvest Completes Sale of 17, 120 Square Foot Industrial Building at Monroe CommerCenter South in Sanford, FL for $1,198,400

Michael Heidrich
ORLANDO, FL --- NAI Realvest recently negotiated a $1,198,400 sale price for the industrial building at 4265 Church Street with 17,120 useable square feet in Monroe CommerCenter South in Sanford.

Michael Heidrich, a principal at NAI Realvest, represented the Seller Monroe South SPE, LLC and the local Buyer, GL Commercial Properties, LLC, was represented by Michael Maier of New Southern Properties. 

The property was one of the three buildings for sale at Phase 3 Monroe CommerCenter South.  Two buildings remain for sale – 4275 Church St. with 21,600 useable square feet listed at $1,620,000 and 4295 Church St. with 17,280 useable square feet for sale at $1,295,000. 

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

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


HFF closes sale of mixed-use entertainment and retail destination center in Chicago

River East Center, 322 East Illinois Street, Streeterville Area, Downtown Chicago, IL

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of River East Center, a 251,060-square-foot, mixed-use, parking, urban entertainment and retail destination center in the Streeterville area of downtown Chicago.

HFF worked on behalf of the seller, Intercontinental Real Estate Corporation.  Madison Capital, in a joint venture with Wheelock Street Capital, who purchased the asset with plans to re-brand and reinvigorate the retail profile of the asset. 

Amy Sands
In addition, concurrently with closing, the purchaser sold the parking component to Laz Parking Realty Investors. 

Situated on 2.81 acres and encompassing an entire city block, River East Center comprises a three-level retail and entertainment complex and a four-level underground parking garage with 1,154 spaces.

 The property, located at 322 East Illinois Street, is 97.8 percent leased and is home to AMC Theatres, Lucky Strike, LA Fitness, FTW Chicago, Walgreens, Bright Horizons, NIU Sushi, Bellweather and BMO Harris Bank.

 Additionally, the property has both an 18-story Embassy Suites hotel and a 58-story, 620-unit luxury condominium tower, both not included in the offering.  
River East Center is strategically situated in the heart of Chicago’s Streeterville neighborhood between two of the city’s most popular tourist destinations, Michigan Avenue to the west and Navy Pier to the east.  

The HFF investment sales team representing the seller was led by directors Amy Sands and Clinton Mitchell, senior managing director Daniel Finkle and managing director Mark Katz.

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

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |