Monday, November 21, 2016

Orlando, FL Land Brokers Maury L. Carter & Associates, Inc. Experiencing Banner Year With over 10,089± acres in land sales and $61 million in cash volume for First Nine Months

Maury L. Carter, left, and son Daryl M. Carter

ORLANDO, FL -- Maury L. Carter & Associates, Inc. announces the following recent transactions:

Daryl M. Carter with Maury L. Carter & Associates, Inc. represented the seller in the sale of 40± acres on Goldenrod Rd in Orlando, FL. The property was sold to Goldenrod II, LLC for $500,000. Pinecrest Real Estate Group, LLC represented the buyer in the transaction.

Clyde Wells with Maury L. Carter & Associates, Inc. represented the seller in the sale of 22.5± acres along Florida’s Turnpike and Simpson Road in Osceola County, FL. The property was sold to Paradise 225, LLC for $2,000,000. Jazmin Savloff with Blue B Properties, LLC represented the buyer in the transaction.

John Evans
Daryl M. Carter, Trustee of Carter-Lake Hart Land Trust, sold 4.29± acres on Moss Park Rd west of SR 417 in Orange County, Florida. The property was sold to Floriday Properties, Inc. for $950,000. Daryl M. Carter with Maury L. Carter & Associates, Inc. represented the seller and Fusilier Realty Group-Nona, LLC represented the buyer.

Daryl M. Carter, Trustee of Carter-Flagler Seminole Woods Land Trust, purchased 268± acres on Belle Terre Blvd. in Palm Coast, FL. The property was purchased from Florida Landmark Communities, LLC for $2,275,000. Daryl M. Carter with Maury L. Carter & Associates, Inc. and Jeffrey R. Douglas represented the buyer. There were no other brokers involved in the transaction.

John Evans, Daryl M. Carter and Clyde Wells of Maury L. Carter & Associates, Inc. represented the seller in the sale of Stafford's Prairie Ranch, 671± acres in Levy County, FL, and represented the buyer on the adjacent 100± acres. The combined price for both properties totaled $1,200,000. There were no other brokers involved in the transaction.

Daryl M. Carter, Trustee of Carter-Marion 591 Hwy 316 Land Trust, sold 591± acres on Hwy 316 in Marion County, FL. The property was sold to Muddy Acres Land and Timber LLC for $1,400,000. Daryl M. Carter and John Evans with Maury L. Carter & Associates, Inc. represented the seller in the transaction.

Since January of 2012, Maury L. Carter & Associates, Inc. has completed over $227 million in transactions on 26,000 acres of land.

Maury L. Carter & Associates, Inc. is an Orlando-based full service commercial real estate firm proficient in commercial real estate investments, asset management, brokerage, and development. The firm's officers combine more than 75 years’ experience in real estate investments and brokerage.

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

Maury L. Carter & Associates, Inc.
3333 S. Orange Avenue, Suite 200
Orlando, FL 32806
407-581-6206 direct
407-422-3144 office

L5 Investments Partnership Completes $17.75 Million Acquisition of 289-Unit Apartment Community in Lenexa, KS

Kelly Weber

Lenexa, KS – A partnership between L5 Investments and BH Equities has acquired Lenexa Pointe Apartments, a 289-unit apartment community for $17.75 million. The property is situated on 20.46 acres and is located at 12000 W. 77th Terrace in Lenexa, KS, a city approximately 12 miles south of Kansas City, MO.

Built in 1972 and renovated in 1992, Lenexa Pointe is a garden-style apartment community that includes 145 one-bedroom units and 144 two-bedroom units. The on-site amenities include a swimming pool, clubhouse, and picnic areas with charcoal grills. Its location provides excellent access to Interstates 35 and 435, retail, dining, and award-winning schools.

Lenexa Pointe Apartments, 12000 West 77th Terrace
 Lenexa, KS
The partnership is planning a major renovation of the property estimated at more than $6 million and will include construction of a new leasing center, business and fitness center; landscaping enhancements; new lighting; and exterior signage.

 Improvements will also be made to the majority of unit interiors which will include the installation of new flooring, cabinets, counters, lighting, fixtures, appliances, and washers and dryers

Additionally, in a strategic move to improve Lenexa Point’s operational functions, BH Equities will manage the property through BH Management Services, its property management arm.

“L5 continues to be bullish on seeking apartment assets in strategic locations that offer a favorable upside,” said Michael Flaherty, founder and managing partner of L5 Investments, a Northern California-based multifamily investment firm.

“We are pleased to partner on another multifamily acquisition with BH Equities and believe our very comprehensive property renovation plans for Lenexa Pointe will provide residents with a quality, amenity-rich, and well-managed community.”

Michael Flaherty
“This is BH’s second venture with L5 in the greater Kansas City Metro, and part of an overall relationship that spans from Texas to the East Coast,” said Kelly Weber, director of marketing for BH Management Services.

 “Our similar philosophies of maximizing value for our residents through amenity-rich community enhancements make for an excellent partnership.”

With more than 50,000 residents, the City of Lenexa boasts one of the top school districts in the state and nation. It also has a strong business community with a number of high tech and bioscience companies located there.

The city also provides a favorable commuting environment for those driving or taking public transportation to Kansas City and surrounding areas. 

The job market throughout the greater region continues to expand as major companies such as Google Fiber, Federal Express, Wausau Supply, Procter & Gamble and H&R Block have made recently announcements to relocate operations or expand their presence in the area.

Dustin Dulin with JLL arranged the debt on behalf of the partnership.  Brandon Grisham with CBRE brokered the deal with both the buyer, and the seller, a private investor.    

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

Darcie Giacchetto

Hold-Thyssen Negotiates Retail Leases totaling over 15,400 Square Feet, Including Long Term Lease with Walgreens at Pottsburg Plaza in Jacksonville, FL

Therese Taylor

Jacksonville, FL -- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently completed a five-year NNN lease renewal agreement with Walgreens for 13,905 rentable square feet at Pottsburg Plaza in Jacksonville at 11 University Blvd. North.

Pottsburg Plaza, Jacksonville, FL
Therese Taylor, leasing agent at Hold-Thyssen, negotiated the transaction representing Bear Stearns 04-PWR5, Pottsburg Plaza, LLC, landlord of   the property, a 35,905 square foot retail strip center at the northeast corner of University Blvd. N. and Atlantic Blvd.
At the same time, Taylor represented the landlord in a one-year renewal NNN lease with Check N Go for its 1,496 square foot unit at Pottsburg Plaza.

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


Rhodes+Brito Architects Appoints Project Coordinator in Orlando, FL

Marvin L. Weeks
ORLANDO, FL – Rhodes+Brito Architects, based in Orlando has appointed Marvin L. Weeks, AIA  project coordinator.

Ruffin Rhodes, co-founder and partner in the firm, said Weeks holds a Master of Architecture from University of South Florida School of Architecture and Community Design.  

Weeks’ 18 years of experience includes 16 years of internships and full-time work most recently working closely with corporate design managers and project managers on several HopCat craft beer bars and Seasons 52 restaurants.

In his new role at Rhodes+Brito, Weeks will provide support services for the firm’s project architects on design development, construction documents, bidding and construction administration

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

Beth Payan, Larry Vershel Communications  407-644-4142


HFF arranges development deal for mixed-use residential, retail and office project in Alexandria, VA

Susan Carras
WASHINGTON, D.C. –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a transaction for the development of The Gateway Alexandria, a planned 585,000-square-foot mixed-use project with luxury residences, below-grade parking, grocery-anchored retail and office space in Alexandria, Virginia.

Walter Coker
HFF worked on behalf of Abramson Properties, who worked over the past five years to assemble and entitle the project.  HFF identified Weingarten Realty Investors, who purchased the site and will lead vertical development of the exciting project.

The Gateway Alexandria will be a transformational project for the city of Alexandria.  The site is the location of the former Jefferson Hospital and its medical buildings, which is proximate to the Northern Virginia Community College and the Department of Defense at Mark Center.

 This premier mixed-use development will be situated on 5.2 acres at the corner of King and North Beauregard Streets and one half of a mile from Interstate 395.  The development will create a dynamic community with vibrant, grocery-anchored retail lining a walkable promenade. 

The site’s location is prominent in the north central section of Alexandria at the city’s boundaries with Fairfax and Arlington Counties.  A Transit-Oriented Development (TOD), The Gateway Alexandria is six miles from the Capital Beltway, five miles from downtown D.C. and four miles from both Old Town Alexandria and the Pentagon.

 In 2017, the site will be served via a new Bus Rapid Transit station in addition to the current Metrobus and DASH bus service.  Once completed in 2019, The Gateway Alexandria will be a three-building, mixed-use property featuring 352 multi-housing units, 74 of which will be affordable units; 110,000 square feet of ground-floor retail space anchored by a Harris Teeter grocery store; 87,000 square feet of office space; and below-grade parking with 820 spaces for the entire development, including 320 spaces for residential use. 

Brian Crivella
Weingarten's net investment at completion is estimated to be $160 million and will include ownership in the retail, 275 luxury residences and approximately 23,000 square feet of office space.

HFF’s team was led by Susan Carras, Walter Coker, Brian Crivella, John Owendoff and Jordan Lex.  Dave Millard and Peter Berk of Avison Young and Dave Dochter of Dochter Alexander provided leasing advisory services for the office and retail portions of the project.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

HFF arranges $7 million in acquisition financing for a warehouse/distribution building in Linden, NJ

Michael Klein
FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $7 million in acquisition financing for 1501-1525 West Blancke Street, a 115,913-square-foot warehouse/distribution building fully leased to two tenants in Linden, Union County, New Jersey. 

HFF worked on behalf of the borrower, Penwood Real Estate Investment Management, LLC, to place the five-year, fixed-rate loan with First Bank New Jersey.  Loan proceeds will be used to purchase the building and fund immediate and future capital expenditures, tenant improvements and leasing commissions.

1501-1525 West Blancke Street is a single-story building fully leased to Vantage Specialty Chemicals and HelloFresh.  The facility features 18’ to 22’ ceiling heights, 16 dock bays and two drive-in bays.

 Situated on 4.5 acres in Union County, 1501-1525 West Blancke Street is serviced by northern New Jersey’s extensive highway network, including New Jersey Route 1/9 (one mile northeast), the Garden State Parkway (1.8 miles west) and the New Jersey Turnpike (2.25 miles east).  

The property is located less than 10 miles from Newark Liberty International Airport and approximately 21 miles from New York City. 

The HFF debt placement team representing the borrower was led by managing director Michael Klein.

“First Bank quickly understood the value-add potential that the building provided and, based on Penwood’s historical track record with similar assets and the strength of the Northern New Jersey industrial market, was confident that the borrower would be able to execute its business plan,” stated Klein.

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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 |

Voit Directs $23.6 Million Sale of Retail Entertainment Center and Commercial Office Building in Miramar Submarket of San Diego, CA

Miramar Landing, Miramar submarket, San Diego, CA

San Diego, CA – Voit Real Estate Services has successfully completed the $23.6 million sale of Miramar Landing, a 131,360 square-foot retail entertainment center and the Clayton Building, a 39,170 square-foot, three-story atrium office building located in the Miramar submarket of San Diego. 

Miramar Landing is located at 8990 and 8998 Miramar Road, and The Clayton Building is located at 8996 Miramar Road in San Diego, California.

Clayton Building, Miramar submarket, San Diego, CA
Brandon Keith, Randy LaChance and Ryan Bracker of Voit’s San Diego office represented both the buyer, 8990 Miramar Landing LP, and the seller, Miramar Commercial Center, LTD, in the transaction.

“This opportunity was unique in the market. It is rare for two institutional quality assets to become available on one of the most heavily trafficked thoroughfares in San Diego,” explains Brandon Keith, Senior Vice President. 

The project, which is situated on 10 acres and has over 407 feet of freeway frontage, was owned and operated by Miramar Commercial Center, LTD for 27 years, along with San Diego-based HCA, Inc., which served as general partner and asset manager for the properties.

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

Katie Kea / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Cushman & Wakefield Welcomes Capital Markets Team of Robert Kaplan, Chris Lentz and Mark Rutherford to Miami, FL Office

Robert Kaplan
MIAMI, FL — Cushman & Wakefield announced that a team of real estate debt and equity specialists led by Executive Managing Director Robert Kaplan has joined the firm from Ackman-Ziff.

Mr. Kaplan and his team are the newest members of Cushman & Wakefield’s growing Equity, Debt & Structured Finance group, which provides a full-spectrum financial services platform to both domestic and international clients offering unsurpassed customized advisory and integrated capital solutions for all asset classes.

Mr. Kaplan began his career in real estate law before transitioning to in-house investment sales and financing for two prominent private South Florida investors. He entered the national brokerage industry in 1998, joining HFF to lead the financing group in its Miami office. Most recently he served as the head of the Florida office of New York-based Ackman-Ziff.

“Robert’s experience in commercial real estate debt, equity and investment sales complements, and will build upon, Cushman & Wakefield’s well established full-service real estate platform,” said Noble Carpenter, President Capital Markets, Americas.

Chris Lentz
Joining Mr. Kaplan are Senior Director Chris Lentz and Analyst Mark Rutherford, with over 30 years of combined experience in corporate and commercial real estate financing and sales. Mr. Lentz joined Ackman-Ziff in 2013 after earning invaluable experience at Evercore Partners, Lazard, and Lehman Brothers. At Cushman & Wakefield, Mr. Lentz will focus on originating and executing debt and equity financing transactions.

Mr. Rutherford has teamed with Mr. Kaplan for over 13 years arranging debt and equity capital as well as orchestrating investment sales in commercial real estate. He began his career as a CPA at Price Waterhouse, later rotating through positions in private equity and corporate finance.

The addition of the Kaplan team is part of a series of hires as Cushman & Wakefield assembles an “all star” team across all product lines. Since merging with DTZ last year, Cushman & Wakefield has added multifamily expert Robert Given and his team, formerly of CBRE, to its Fort Lauderdale office; acquired Atlanta-based Multi Housing Advisors and Tampa-based Taylor & Mathis of Florida; and stunned the real estate community by adding Doug Harmon and Adam Spies to its New York office.

Mr. Kaplan’s group further expands Cushman & Wakefield’s base of expertise in sales and financing, bringing complementary experience in residential, retail, hotel, office, mixed-use and industrial properties.

Mark Rutherford
“The world has been watching as Cushman & Wakefield has strategically grown and expanded its offerings to clients,” said Kaplan. “When the opportunity presented itself to join the movement, I couldn’t resist.”

“The firm’s deep pool of professionals with local market knowledge connected through a truly global network is formidable, providing investors at all levels access to a full arsenal of top-tier services,” added Kaplan. “My team and I are thrilled to join such a world-class institution.”

“Our platform continues to grow stronger in South Florida,” said Larry Richey, Managing Principal and Florida Market Leader. “The addition of Robert and his team emphasizes our commitment to building full-service capabilities to address our clients’ needs every step of the way.”

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

David A. Meyer
Meyer Media 
+ 1 407 489 7488