Saturday, September 9, 2017

Emerson International Completes Leases for 41,838 Square Feet at its Office Developments in Central Florida

Katherine Zelman

ALTAMONTE SPRINGS, FL -- Emerson International who owns and manages office developments in metro Orlando, recently completed five long-term lease agreements for a total of 41,838 rentable square feet at Sanlando I and II, Center Pointe II, Maitland Center and Louisiana Office Park. 

Zac Starkey
In Maitland, at 2600 Maitland Center, Emerson Broker Associate Zac Starkey negotiated the largest lease agreement signed by KBHS for 15,888 square feet of office space.   Jason Schrago of Newmark Knight Frank represented the tenant, a mortgage lender.

Starkey negotiated the lease of 11,844 square feet in the Sanlando I office building, 2170 W. State Road 434 in Longwood.  The tenant Davila Law Group was represented by Bill Miller and Joseph Stayanoff.

Kenneth Koch, Director of Leasing for Emerson brokered a lease for 9,779 square feet at Sanlando Center II.  Market research firm Opinion Access is the tenant.

Koch also negotiated a lease at Emerson’s Centerpointe II, 220 E. Central Parkway in Altamonte Springs with Voyager Retirement Solutions who signed a lease for 2,749 square feet.  The financial advisory firm was represented by Nicholas Fouraker of 4Acre Commercial.

At Louisiana Office Park, 1177 Louisiana Ave. in Winter Park, Starkey negotiated two lease agreements: one for 1,716 square feet with Axia Home Loans who was represented by Katherine Zelman of Cite Partners; and another lease for 862 square feet with Shopcore, a commercial property firm represented in the transaction by Drew Forness of Forness Properties.

Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies. 

For more information on this news release, please contact:

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


Rare opportunity to Acquire sprawling Hunter’s Ridge Development in Ormond Beach, FL for $30 Million

Roger Soderstrom

Ormond Beach, FL --- The developer who worked several years to bring the Hunter’s Ridge project in Ormond Beach into wide-ranging DRI compliance, including deeding 1,978 acres to Flagler County for a regional park earlier this year, has announced that the entire development is for sale in bulk for $30 million.

 Hunter’s Ridge recently received approval to establish a CDD (Community Development District) which will allow the new owner to sell bonds for future infrastructure development.

Developer Allan Feker of U.S. Capital Alliance said the prominently located project – three miles west of I-95 on Granada Blvd (SR 40) – has all major infrastructure in place and is ready for immediate development. 

“The regional park land deeded to Flagler County for conservation will have traditional park facilities and hiking, biking and equestrian trails, an important amenity and buffer to the west of the Hunter’s Ridge residents,” he said.

John Kurtz and Roger Soderstrom, Jr., commercial investment specialists for Premier Sotheby’s International Realty who are representing the property, said they have launched their marketing campaign for the 1,450 remaining acres of Hunter’s Ridge which is approved for over 1,800 residences and 600,000 square feet of retail and commercial space. 

Straddling the Flagler-Volusia county line, the Hunter’s Ridge property includes approximately 1,000 finished homes with an established, active homeowners association.  

More than 1,800 more homes are to be built by homebuilders, many who have submitted letters of intent to purchase sites.  The community offers a variety of residence types from attached villas to estate homes priced from the low $200s to nearly $1 million.
John Kurtz
“There is a huge amount of development taking place along the I-95 corridor north of Daytona Beach,” Kurtz said. “In particular, Hunter’s Ridge is directly north across SR 40 from the widely lauded 6,900-home Margaritaville active adult community.”

 Included in the $30,000,000 Hunter’s Ridge bulk sale is a $5,000,000 town center with grocery and drug stores, bank, shops, restaurants, assisted living, medical and professional offices planned.  

The concept also includes multiple walking trails between amenities, neighborhoods, town center and the regional park.  It’s all just a short distance to the major retailers, restaurants and entertainment of Ormond Beach, Daytona’s International Speedway Blvd. and the world’s most famous beach. 

“This adds tremendous value to not only one’s lifestyle and home at Hunter’s Ridge but to the new owner/developer of this master planned community which will soon be one of the area’s most sought after places to live, work and play,” Soderstrom said.

For more information on this news release, please contact:

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


Western National Group Begins Construction on New 206-Unit Luxury Multifamily Community in Orange County, CA

Patrick Simons
BREA, CA – Western National Group, in partnership with Anchor Real Estate Capital and Fantasia Holding Group, has announced the start of construction of a new, 206-unit luxury multifamily development in Brea, California to be named “Calligraphy,” according to Patrick Simons, Managing Director of Western National Group.

“Brea is a dynamic and vibrant city, with one of the largest public art collections in the nation,” says Simons. “We have intentionally tapped into that community benefit with the project’s name, which evokes a sense of artistic flair, and with the integration of art sculptures into public spaces adjacent to this new multifamily development.  

"In so doing, we are supporting the local community, while also enriching the resident experience.”

Western National Group is the largest operator of apartments in the City of Brea, and Calligraphy will be its eleventh property in the city.

“Brea is one of the most desirable places to live in North Orange County,” remarks Simons. “The City’s abundance of dining, entertainment, and shopping options, award-winning schools, and high quality of life continue to attract residents and businesses to this thriving community. 

"Conveniently located near major transit and job corridors, Brea also offers close proximity to transportation routes and employment centers across Orange County, Los Angeles, and the Inland Empire, making it the perfect location for a new multifamily development of this nature.”

For more information on this news release, please contact:

Lauren Burgos / Jenn Quader
Brower, Miller & Cole
(949) 955-7940