Friday, March 24, 2017

BB&T Bank and Corporate Offices Up for Sale at $17 Million in Miami, FL

Gabriel Britti (left) and Ronnie Issenberg

MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced it has retained the exclusive listing for a net-leased BB&T Bank and its corporate offices in downtown Miami. The price is $17 million.

“BB&T demonstrated its commitment to Brickell Avenue and Miami’s financial district by completing a seven-year lease extension that includes the building’s ground-floor bank branch and cafĂ© space and corporate offices on the 10th and 11th floors,” says Ronnie Issenberg, first vice president investments in Marcus & Millichap’s Miami office.

American Airlines Arena, Miami, FL
“The location is a world-class banking environment in one of the densest neighborhoods south of Manhattan in the country.” Issenberg, and Gabriel Britti, also a first vice president investments in Miami, are representing the seller, a Florida Limited Liability Company.

“During a time when many bank branches in secondary and tertiary markets are closing their doors because of online banking, this branch is thriving,” adds Britti. “We consider this net-leased opportunity, located at one of the busiest intersections in downtown Miami and surrounded by hundreds of thousands of full-time residents to be ‘internet-proof.’”

            The bank and its corporate offices are situated in one of downtown Miami’s signature office buildings at 1200 Brickell Ave., in the midst of 36 million square feet of office, retail, hotel and residential space. Brickell City Centre, a $1.05 Billion, 5.4 Million Square Foot shopping and mixed use project is a five minute walk from this property.

The American Airlines Arena, home of the Miami Heat, is 1.5 miles away and the Miami International airport is within 10 miles. BB&T has been occupying the combined 28,350 square feet of space for more than 10 years. BB&T Bank has more than $210,000,000 in deposits and is backed by S&P A-rated Corporate Branch Banking and Trust Co.

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

CitiTower at Lake Eola (South Eola) Tops Off as Newest Luxury Apartment Highrise in Orlando, FL

CityTower at Lake Eola Apartments
ORLANDO, FL – Summa Development Group has announced that CitiTower at Lake Eola just topped out at 25 floors. It will have a rooftop pool, fitness center, meeting room and other amenities on the roof that will allow for unprecedented views of Downtown Orlando.

The art-infused luxury apartment tower sits on oak-lined brick streets with historic acorn lights, and has earned a walk score of 96—one of the best scores in all of downtown.

CitiTower has only 233 apartment homes, featuring 16 unique layouts. Floor plan options include: 74 studios starting at 726 SF, 112 one-Bedrooms starting at  778 SF, 31 two-Bedrooms 2 Baths starting at 1,070 SF and 16 three-bedroom 2
Bath apartment homes starting at 1,432 SF.

CitiTower’s apartment homes offer some of the largest balconies with the best views of the Downtown Skyline as well as Lake Eola.

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

Albert J. Socol, 321.230.5660
Managing Member of East SDG
CitiTower, LLC

Farley Griner
Director of Business Development
919.306.0114 cell

NAI Realvest Negotiates Leases totaling more than 6,900 square feet of Office Space in East Orlando, FL

Mary Frances West
ORLANDO, FL – Mary Frances West, CCIM, Vice President at NAI Realvest recently negotiated leases totaling 6,921 rentable square feet at office buildings in east Orlando.

West represented Landlord Ripley’s International, LLC at La Vina Marketplace, 9145 Narcoossee Rd. in a new lease agreement for 2, 713 square feet to Irving, Texas-based Caliber Home Loans.  The tenant was represented by Jason Shrago of NGKF-Orlando. 

Comprehensive Spine & Regenerative Medicine (CSRM), a physician provider that currently occupies 10,061 square feet at La Vina Marketplace, signed an expansion lease for 1,878 square feet that increases their space to 11,939 square feet.   Stockworth Realty represented CSRM.

At The Citadel III, 5950 Hazeltine National Drive, where West represents the landlord Citadel Partners, LTD, she brokered a new lease agreement with Debt Mediators, LLC. in suite 615 with 950 square feet.

Representing Interchange-FL Rouse, LLC at University Court, 3361 Rouse Rd., West completed a lease renewal with the tenant, Tier I Operations, LLC, who occupies 1,380 square feet.

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

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

NAI Realvest Negotiates Investment Sale of 30,000-SF Industrial Building in Orlando, FL

Michael Heidrich
ORLANDO, FL --- NAI Realvest recently negotiated the $1,552,500.00 sale of the 30,000 square foot single-tenant industrial building at 2499 Mercy Drive in Orlando.

Michael Heidrich, a principal in the firm negotiated the sale representing the seller, L.B. Sowell Corporation of Brandon. 

Herbert A. Licht, LLC of Altamonte Springs purchased the property which is fully leased by a long term tenant, Hajoca Corp., a plumbing supply business. Lee Zerivitz of City Commercial represented the buyer. 

Built in 1982 on 2.1 acres, the building includes 4,000+/- square feet of office space and 26,000+/- square feet of warehouse space which is conveniently located on the edge of downtown Orlando with easy access to multiple major arterial roads and highways. 

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

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

NAI Realvest Negotiates $1.7 Million Sale Price for Miller’s Ale House Site in Winter Garden, FL

George Livingston
ORLANDO, FL. – NAI Realvest recently negotiated the $1.7 Million sale price for a 1.25-acre parcel of build-to-suit retail land at 12105 W. Colonial Drive in Winter Garden.

NAI Realvest Broker Associate Drew Saphos and Chairman George Livingston brokered the transaction on behalf of the seller, Pompano Beach based Baer’s Furniture Co.   

The property, which is situated at the intersection of West Colonial Drive (S.R. 50) and the Western Expressway (S.R. 429) was purchased by commercial developer Legacy VWI, LLC based in Kansas City, Mo.   The Buyer has begun development on a Miller’s Ale House restaurant on the site.

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

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

The Melrose Management Partnership Voted Platinum Winner in Florida Community Association Journal’s 2017 Reader’s Choice Awards

Jack Hanson
ORLANDO, FL – The Melrose Management Partnership was voted a Platinum Level Winner in the Florida Community Association Journal’s (FLCAJ) Fourth Annual Readers’ Choice Awards.  Winners, chosen based on total number of votes, were announced in the March issue of the publication.
Jack Hanson, president of The Melrose Management Partnership, said votes by clients, homeowners, peers and vendors that ranked the company so highly is recognition of Melrose’s commitment to achieving excellence in community management and lifestyle services.  

More than 340 service providers were nominated this year and approximately 6,000 votes were cast. There is no fee to enter the awards and the entire submission process is done online.

The FLCAJ’s Readers’ Choice Awards is a unique recognition program that shines a spotlight on the positive and productive contributions by community association service providers across Florida.     They are presented to those who demonstrate an exemplary level of proficiency, reliability, fairness and integrity.  

“We are honored and delighted that Florida Community Association Journal’s readers chose us as one of their favorite service providers.   These awards are especially important in our industry and we are proud of the achievement,” said Hanson. 

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

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