Saturday, November 5, 2016

The Keyes Company Closes $25.8 Million Sale of Gables Estates Mansion, Second-Highest Price This Year for Miami-Dade Single-Family Home

110 Arvida Parkway, Gables Estates, Coral Gables, FL

Lance Ruffe
CORAL GABLES, FL – Lance Ruffe and Ray Betancourt of The Keyes Company Luxury Division listed and sold a Gables Estates mansion for $25.8 million, the second-highest price this year for a single-family home in Miami-Dade County.

According to Ruffe, the estate also has a place in movie history. One year after its construction, location scouts found the property and received permission to film “Two Much,” the 1996 romance in which stars Antonio Banderas and Melanie Griffith met and fell in love in real life.

The home at 110 Arvida Parkway had been on the market for two years with a different real estate agency before Keyes won the listing in November 2015.

“We properly conveyed the true value of the home by showing comparable waterfront sales in the Gables, Key Biscayne and other exclusive communities such as Indian Creek and Star Island,” said Ruffe.

The two-story, Mediterranean-style residence built in 1993 on almost two acres, has unobstructed bayfront views, a 200-foot dock and seawall, six bedrooms and nine-and-a-half bedrooms. Neither the buyer nor the seller were identified.

The sale’s completion, as well as the July 2016 merger with Illustrated Properties, reflects the strength of Keyes’ luxury position.

Ray Betancourt
Following the merger, Keyes and Illustrated are, together, the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States. Keyes and Illustrated have doubled their $1 million-plus property sales throughout South Florida.

Independently-owned and operated since its founding in 1926, Keyes stays very active in luxury residential real estate alongside its Valore Group Real Estate and Platinum Properties divisions. 

Keyes annually sells $650 million in luxury homes priced at $1 million or more. The company expects to grow its annual sales velocity in that category to more than $1 billion.

Keyes is a founding member and shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries, and Luxury Portfolio International™, which sells more $1 million-plus properties than any other brand in the world.

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

Ashley Fierman
Account Executive, BoardroomPR
O 954-370-8999
C 954-330-1554
Bank of America Plaza | 1776 N. Pine Island Road

Suite 320 | Plantation, FL 33322.    

NAI Realvest Negotiates Nine Industrial Leases totaling more than 21,000 Rentable Square Feet – Including Eight At South Park Business Center in Orlando, FL

Tom R. Kelley II
ORLANDO, Fla. – NAI Realvest recently negotiated eight leases at South Park Business Center, 8600 Commodity Circle off of S. John Young Pwy. and W. Sandlake Rd.,  representing the Miami-based landlord South Park LLC.   

Tom R. Kelley, II, CCIM, a principal at NAI Realvest negotiated the transactions.  Seven new tenants signed leases totaling 12,235 rentable square feet at South Park including:

Bell Italy Solution Corp. and Sumig USA Corporation who both leased 2,499 square feet; Ecell Global, Inc. 2,146 square feet, Towers Construction Company 2,105 square feet, Transfirst Media, Inc. and Southern Marketing  who both leased 1,830 square feet and Woof Gang Bakery, Inc. 1,825 square feet.

  De Paula Realty USA represented Bell Italy and Armel Real Estate represented Towers Construction.      Kelley also brokered a lease renewal agreement with Florida Mobility Rentals, LLC for its unit with 2,499 square feet at South Park Business Center.

Kelley also represented, Freese Management the local landlord in a new long-term industrial lease of 4,000 square feet at 5612 Carder Rd. off of Edgewater Drive and All American Blvd. in Orlando.    The tenant is KCP Products, Inc., a worldwide supplier of ignition wire core products, represented by McNulty Group. 

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

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

Lincoln Selected to Oversee Sale of Office/Industrial Building at 4261 Communications Dr. in Norcross, GA

Chip Sipple
ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has been selected to sell a 55,986-square-foot office/industrial building in a prime location at 4261 Communications Dr. in Norcross, Georgia. Chip Sipple and Jeff Henson are overseeing sales efforts for the property, which is listed at $4.47 million.

“This property is located in the highly sought-after I-85 Northeast submarket, Atlanta’s largest industrial market, and offers top-of-the line features, making it a perfect location for a corporate headquarters,” Sipple said. “With all of the property’s prime offerings and serene business park setting, we believe it will generate significant interest from potential buyers.”

4261 Communications Dr. contains 11,597 square feet of office/showroom space with an open/functional floorplan and a mixture of private offices and open work areas, as well as a 44,389-square-foot warehouse featuring 24-foot clear heights and drive-in, dock-high loading availability.

Additionally, the 4.75-acre property includes ample surface parking, an attractive landscaped environment and easy access to major roadways including I-85 and I-285.

For a complete copy of the company’s news release, please contact:
Savannah Durban
The Wilbert Group