Saturday, June 10, 2017

Bull Realty Brokers $5 Million Retail Center in Peachtree City, GA

Will Young
ATLANTA, GA – Will Young, an Associate Broker with the National Retail Group at Bull Realty, brokered the sale of “Wisdom Pointe” retail center totaling 22,475 SF in Peachtree City, GA. The sale closed on May 26th for $5,050,000 ($224.7/ SF) at a 7.2% cap rate.

Built in 2003, Wisdom Pointe was 100% occupied at the time of sale. The center has a varied mix of tenants – nine in total – including Mellow Mushroom, Noche, Sushi Tomi, Grinds and Wines and Tavern on 74.

The property was exclusively listed by Will Young, who represented the seller, Northgate-Wisdom Pointe, LLC. The buyer, JW Wisdom Pointe, LLC, was represented by Brian Lane with Shane.

“Investors are willing to pay a premium for quality retail centers located both in and around the affluent Peachtree City Submarket, which has very strong demographics and recently has experienced substantial growth,” said Young.

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

Melissa Henry
Communications Manager
Bull Realty, Inc. 
404-876-1640 x 110

HFF closes $19.3 million sale of industrial facility in the Otay Mesa submarket of San Diego, CA

2055 Dublin Drive Industrial Property, South San Diego, CA
                                                                                       (Photo by Bill Robinson Photography)

Nick Frasco
SAN DIEGO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $19.3 million sale of a 205,800-square-foot, fully-leased industrial facility in south San Diego within close proximity to the Otay Mesa Port of Entry at the U.S./Mexico international border.

HFF marketed the property on behalf of the seller.  STAG Industrial, Inc. purchased the asset free and clear of existing debt.

Situated on 11.65 acres, 2055 Dublin Drive is an industrial / manufacturing building that is fully leased to three tenants: Honeywell International, Inc.; Cubic Corporation; and SigmaTron International, Inc. 

The building features 24-foot clear heights, 29 loading doors and an above-standard 2.0:1,000 parking ratio. The facility is 1.5 miles from the privately operated Otay Mesa Cross Border Xpress bridge and 4.7 miles from the Otay International Border crossing into Tijuana, Mexico.  Additionally, the property is just off the Otay Mesa Freeway and has access to Interstates 5, 8, 15 and 805. 
The HFF investment sales team representing the seller was led by director Nick Frasco and senior managing director Nick Psyllos.

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

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

NAIOP South Florida to Host “Corporate Cache” Panel of Boca Raton Executives June 22 in Boca Raton, FL

Leslie Daley

FORT LAUDERDALE, FL  – NAIOP South Florida, a Commercial Real Estate Development Organization, will host panel discussion “Corporate Cache: Boca Raton’s Business Stature Surges” on Thursday, June 22 from 5 p.m. to 7:30 p.m. at Lynn Financial Center, located at 1905 N.W. Corporate Boulevard in Boca Raton.  The panel will start promptly at 5:30 p.m. 

In partnership with the City of Boca Raton’s Office of Economic Development, NAIOP South Florida has assembled a C-suite panel of executives to discuss what attracted their companies to Boca Raton, what has made the city a corporate “it” spot and what the future holds for the region.

Jules Morgan

Panelists include Cosmetic Solutions COO Warren Becker, Orangetheory Fitness CLO Leslie Daley, Canon Solutions America Senior Director of Marketing Eric Hawkinson and Privaira President and CEO Clemens Van der Werf.

“Boca Raton’s corporate landscape now hosts a diverse mix of financial service companies, high-brow corporate headquarters, cutting-edge startups, advanced technology firms and medical organizations,” said NAIOP South Florida Executive Director Jules R. Morgan. “As one job-generating firm follows another, the city is experiencing a surge of metropolitan-style living options as well as office and retail offerings, rapidly creating a new urban setting to serve its 21st century workforce.” 

Warren Becker
Tickets are $50 for non-NAIOP members and $35 for NAIOP members. To register for the event, visit or call 954-990-5116.

NAIOP is a commercial real estate development organization. It provides strong advocacy, education and business networking opportunities and connects its members through a powerful North American network.

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

Pierson Grant Public Relations
Lexi Robinson, ext. 255

The Astor Companies and ONE Sotheby’s International Realty Unveil Merrick Manor Exclusive Sales and Marketing Team

Merrick Manor, Coral Gables, FL

CORAL GABLES, FL – Pioneering Miami developer The Astor Companies and renowned South Florida Luxury Real Estate firm ONE Sotheby’s International Realty have announced the exclusive sales and marketing team members at Merrick Manor, a luxury residential project rising in the heart of Coral Gables.

The ONE Sotheby’s team overseeing sales at Merrick Manor is led by Regional Vice President of Sales Ivan Ramirez and Sales Director Neybis Sanchez.

Lis Benitez

Ramirez has more than 20 years of experience and sales totaling $2 billion. Sanchez has more than 15 years of South Florida real estate experience working with a wide range of clientele, including top developers, investors, luxury home builders and traditional homebuyers and sellers.

Other ONE Sotheby’s members of the Merrick Manor sales and marketing team include Lis Benitez, Arianna Coltellacci, Enrique del Campo and Fernando Ibanez. ONE Sotheby’s has 11 South Florida offices, including one at 1430 South Dixie Highway in Coral Gables.

Ivan Ramirez
“ONE Sotheby’s has truly assembled a dream team to lead our sales efforts at Merrick Manor,” said Henry Torres, President, CEO and Founder of The Astor Companies. 

“The team is well-equipped to accommodate the strong demand we are seeing from the local market and all over the world. Coral Gables continues to stand out as a premier luxury residential, commercial and cultural destination, with our project located right in the middle of the action.”

Benitez brings significant development sales experience to Merrick Manor. Her project portfolio includes Beach House in Miami Beach, Brickell on the River, Canvas Miami, Hyde Midtown, Mint on the River and SLS Lux Brickell.

A Miami native, Coltellaci has more than 15 years of sales, marketing and branding experience. She specializes in selling condominium and single-family properties priced at $500,000 and up.

With more than 12 years in real estate sales handling property sales, purchases and leases for clients, del Campo also comes to Merrick Manor with extensive experience. His project portfolio includes Canvas Miami, Downtown Doral, Sailboat Cove Townhomes and Terra Beachside Condos.

Neybis Sanchez

Ibanez is a Global Estate Agent who has sold thousands of luxury condominium units over the last 25 years. He spent the last two years as an Exclusive Sales Executive at the $1 billion Brickell City Centre development.

Vertical construction is well underway at the 301 Altara Avenue site of the 10-story, 227-residence project. The Mediterranean villa-style building is on track for a scheduled completion during the first quarter of 2019. More than 50 percent of the project is under contract, with prices for remaining units starting from $499,999 and ranging up to $2.5 million.

Units at Merrick Manor range from 574 square feet to more than 3,400 square feet and are equipped with impact-resistant windows and doors. The project also includes 19,000 square feet of prime ground-floor retail space that is experiencing strong demand from prospective retail and restaurant tenants.

Henry Torres
Prominent architecture firm Behar Font & Partners, P.A. designed Merrick Manor’s exterior, with Witkin Hults Design Group providing landscape design. Renowned South Florida-based interior design firm Interiors by Steven G. has continued a longstanding relationship with Astor by designing unit interiors at Merrick Manor. Jaxi Builders of Doral is the project’s general contractor.

Merrick Manor is located just steps away from the luxurious retail destination Shops at Merrick Park. Project amenities include 24-hour valet parking, 24-hour front desk concierge service, a business center with computer-ready desks and multimedia screens for presentations and conference calls, a club lounge on the fourth floor, state-of-the-art fitness center and resort-style pool with barbecue areas and a community area with lounge seating.

Prospective buyers who want to experience the Merrick Manor lifestyle can visit the brand-new Sales Gallery located at 4200 Laguna Street. The 5,000-square-foot Sales Gallery showcases a full model one-bedroom unit with a gourmet kitchen, bathroom, living room and master bedroom designed by Interiors by Steven G.

Fernando Ibanez
For more information, visit or contact the team at the Merrick Manor Sales Gallery at (305) 779-6870.

 For more information, visit the project Sales Gallery at 4200 Laguna Street, call (305) 779-6870 or email

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

Todd Templin:, 954-290-0810
Eric Kalis:, 305-794-5123