Thursday, September 6, 2018

NAI Realvest Closes Long-Term Lease on a 6,000+ SF Building in Springview Industrial Park, DeBary, FL for Expanding RV Service Firm

Michael Heidrich
DeBARY, FL – NAI Realvest recently closed on the long-term lease of a 6,020 square foot stand alone industrial building at 220 Springview Commerce Drive , in the Springview Industrial Park in DeBary.

Michael Heidricha principal of the firm, brokered the transaction representing the local landlord Lakeside Professionals, LLC.  

 The new tenant, KA RV Repair, LLC of Deltona, consists of a team of experts providing complete recreational vehicle services including both in-shop and mobile repairs.   

Springview Industrial Park is located off Shell Road andUS Highway 17-92 in DeBary north of Orlando .


Michael Heidrich, Principal, NAI Realvest

Robin L. Webb, CCIM, Managing Director, NAI Realvest, 

Patrick Mahoney, President, NAI Realvest

Beth Payan or Larry Vershel, LV Communications,

RIVERGATE KW RESIDENTIAL Expands Bluerock Real Estate Relationship with New Charlotte Assignment

Rendering of Ashton Reserve at North Lake, Charlotte, NC

 Charlotte, N.C. (Sept. 6, 2018) — RIVERGATE KW RESIDENTIAL, a leading multifamily property management company, has secured a new management assignment near the Northlake Mall in Charlotte.

The addition of the 473-unit Ashton Reserve at Northlake expands the company’s existing relationship with community owner Bluerock Real Estate.

RKW also manages five other Bluerock assets in the Carolinas and Florida including Arlo, which is a lease-up near Uptown Charlotte.

Marcie Williams
“We are thrilled to get this new assignment after our successful partnership with Bluerock,” said Marcie Williams, president of RKW.

“This continues what has been a historic year in the life of our company. Fueled by our leadership, staff and incredible team of managers on the ground, RKW is reaching new heights in our home base of Charlotte and beyond.”

The Ashton Reserve addition bolsters RKW’s aggressively expanding portfolio, which now totals more than 13,000 units. That growth is leading to significant accolades for the company.

For instance, the Charlotte Business Journal recognized RKW in its annual list of the largest property management companies in the area for the first time in the company’s four-year history.

Sarah Girand
Located at 10320 Grobie Way, Ashton Reserve offers a mix of high-end one, two and three-bedroom apartments. Unit features include plank flooring, large soaking tubs, walk-in closets, elegant kitchens with chef islands and granite countertops and washer and dryers.

Community amenities include a dog park, car care center, private media center, propane grilling stations, valet dry cleaning service, a state-of-the-art fitness center and cyber café with Wi-Fi printing.

Ashton Reserve residents can take advantage of the community’s proximity to Northlake Mall – a premier retail destination. The community also promotes an active outdoor lifestyle, with walking trails surrounded by lush landscaping and a large fire pit where friends can gather and enjoy the beautiful Charlotte evenings.

“We have enjoyed our working relationship with RKW and look forward to expanding on it with Ashton Reserve,” said Sarah Girand, Senior Vice President of Asset Management for Bluerock “We have no doubt that our residents will be in great hands and have all of their needs met.”

Eric Kalis
Account Director, BoardroomPR
O 954-370-8999
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island Road

Marcus & Millichap Arranges $845,000 Sale of nine-unit East Bay Drive Apartments in Largo, FL

1460 East Bay Drive Apartments, Largo, FL

Sebastion Harris
 LARGO, FL, Sept. 6, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 1460 East Bay Drive Apartments, a 9-unit apartment property located in Largo, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $845,000.

Sebastian Harris, Ned Roberts, Michael Donaldson and Nicholas Meoli, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, purchased the property as part of a 1031 exchange.

Ned Roberts
The buyer was attracted to the property because of its frontage on East Bay Drive and .3 Acres of undeveloped land on-site.

 “This is another example of the value-add opportunities investors are looking for,” said Roberts. 

“At $93,888 per unit, this ended up being the highest price per unit paid for a 60’s built multifamily community in Largo history, added Harris”

Built in 1968 of concrete block construction, 1460 East Bay Drive Apartments offers an attractive unit mix of two-bedroom/one-bath units. All units have tile flooring and updated cabinetry.

The apartment community is within walking distance to Largo City Hall, the Largo Police Department Headquarters and a community recreation center.

Michael Donaldson
1460 East Bay Drive Apartments are in Pinellas County – Florida’s most densely populated county in the state. Pinellas County has over 38,000 businesses with the top key sectors in health services, tourism, manufacturing and financial services.

The Pinellas County area is known for its white sand beaches as well as being praised by Travel + Leisure Magazine as a food and arts scene.


Ari Ravi
Regional Manager, Tampa
(813) 387-4700

Phase One Of Atlanta’s Largest Park Destination, Westside Park at Bellwood Quarry, Is Officially Underway

Atlanta Mayor Keisha Lance Bottoms
ATLANTA, GA (Sept.6, 2018) – Mayor Keisha Lance Bottoms and other officials broke ground on Phase One of Westside Park at Bellwood Quarry.

Slated to open in 2019, Phase One of Atlanta’s largest park will include a signature gateway enticing guests to explore the new passive park.

This phase will also include trails leading to the grand overlook area for views of the quarry-turned-reservoir.

Lauren Standish

At the center of the design for this monumental project is internationally recognized landscape architecture and planning firm, HGOR. For Phase One, the City of Atlanta tasked the design team, led by HGOR Principal, Lauren Standish, with developing the comprehensive vision and design.

“If you look at the topography of the park, just the existing environmental factors, it’s a fascinating place,” said Standish. “The juxtaposition of the quarry lake with the open lawn, preservation of trees and integration of environmental-based design is really exciting.

"We hope this park will tell a story of community and place and become a destination that will help shape and define the city of Atlanta for generations to come.”

Rendering of entrance area to planned
Westside Park at Bellwood Quarry, Atlanta, GA

 HGOR is collaborating on the development of these elements with Long Engineering, and is proud to partner with project leaders, Reeves Young and CERM.

 Team members include John Portman & Associates, Long Engineering, EcoWorks, Full Circle Communication, Denyse, BioHabitats, Sherwood Design Engineers, S.L. King & Associates and Sykes Consulting.

Upon completion, the park will encompass a total of 280 acres, nearly one hundred acres larger than Piedmont Park and will become the connective tissue linking the Proctor Creek Greenway and Chattahoochee River Corridor with the Atlanta Beltline.


Taylor Rowden
Hilary Harmo
Liz Lapidus PR

Cambria Hotel Nears Completion on Charleston, SC Riverfront

Cambria Charleston Riverview Hotel, 84 Ripley Point Drive
on Ashley River, Shelton, CT

Jeremy Buffam
SHELTON, CT– Over the top and heading toward the finish line, New Castle Hotels & Resorts and  RREAF Holdings celebrated with Freese Johnson Contractors of Atlanta, as the Cambria Charleston Riverview, a 126-room hotel, located at 84 Ripley Point Dr. on the Ashley River, nears completion.   The hotel is projected to open at the end of the year.  

“It’s been a long, hot and wet summer and this terrific team has done a yeoman’s job of keeping the schedule on track,” said Jeremy Buffam, vice president of capital projects for New Castle. 

Brandon Miller
 “This milestone is an opportunity to thank them for their hard work, diligence and success, and encourage everyone as we approach the always challenging home stretch.”  Workers signed a lobby wall and enjoyed a catered lunch of fajitas and frozen (virgin) margaritas.

"We are excited to pass another milestone in the construction of our new Cambria Hotel in Charleston,” said Brandon Miller, president RREAF Holdings.    “This hotel will be a significant addition to our growing portfolio of hotels.  Charleston is a very popular destination and we’re looking forward to being an integral part of the local community."

“Travelers seek out local relevance when choosing hotels and soon, Charleston’s nearly 5 million annual visitors will have a brand-new upscale option that pays tribute to Charleston’s celebrated culture and history when they visit this iconic city,” said Trevor Stratton, the hotel’s general manager. 

Trevor Stratton
Stratton said the hotel will begin accepting applications for 25 – 30 positions in the coming weeks. 


Lauralee Dobbins
Member SATW
2017 Pepperpot Award Winner

Camille Renshaw to make keynote speech at Urban Land Institute Diversity Conference in Boston

Camille Renshaw

NEW YORK, NY, Sept. 6, 2018 – Camille Renshaw, CEO and co-founder of B+E, the first tech-driven brokerage and trading platform for net lease real estate, will be a keynote speaker at the Urban Land Institute’s Changing World Speaker Series, “Breaking the Mold: Diversity and Inclusion in Real Estate,” October 8–11, 2018 at the Boston Convention & Exhibition Center.

 The Urban Land Institute is the oldest and largest network of cross-disciplinary real estate and land use experts in the world.  

 At the conference, experts will discuss ways in which the real estate industry can become more diverse and inclusive, methods for creating and embracing greater diversity among the people it serves, and the importance of an inclusive real estate industry for the future.

Boston Convention & Exhibition Center
 Prior to B+E, Camille Renshaw was Head of Sales for Ten-X (a Google Capital company), a leading online marketplace for commercial real estate with products such as 

Prior to Ten-X, she founded the Stan Johnson Company’s New York office where she led their sales team as its top producer for five years.  

Before this, she was Director of the US Capital Markets division of Colliers International and a Top 40 Worldwide Producer. 

Renshaw originally entered commercial real estate as an owner, after founding Dyzco Technologies and successfully selling it to American Financial Services Corp, Inc.

John Vita
John Steven Vita Communications