Friday, September 7, 2018

Illustrated Properties’ Kathryn Gillespie Obtains $24.9 Million Oceanfront Mansion Listing in Manalapan, FL

Manalapan, FL Mansion at 1500 South Ocean Boulevard
For Sale at $24.9  Million

Manalapan, FL – Kathryn Gillespie of Illustrated Properties, a member of The Keyes Family of Companies, has secured the exclusive listing of a waterfront mansion in Manalapan with an asking price of $24.9 million.

Located on a 1.6-acre lot, the six-bedroom home at 1500 South Ocean Boulevard totals 11,673 square feet under air and includes nine full and three half-bathrooms.

The estate has a total of 356 feet of waterfront property, of which 178 feet are on the Atlantic Ocean. The waterfront loggia, 60-foot concrete dock equipped with electricity and infinity edge pool and spa round out the amenities that provide the one-of-a-kind experience synonymous with the South Florida lifestyle.

Kathryn Gillespie

Along with multiple bedroom balconies overlooking the Intracoastal Waterway, the Manalapan mansion includes a his and her master bath, private office, guest suite, gathering lounge, club/media room with state-of-the-art sound system and wet bar, fireplaces, exercise room, gourmet kitchen with Sub-Zero and Wolf appliances, wine chiller, elevator, upstairs and downstairs laundry rooms and four car-stall air conditioned garage, with the potential to park eight cars.

“This is not just a home - it’s a work of art,” said Gillespie. “When I took on this listing, I knew a home of this caliber was special. From the attention to detail both in the home and out, the breathtaking waterfront sunrises and sunsets and the natural flow from room to room, the energy the house conveys is like no other.”

Randall Stofft
The 1500 South Ocean Boulevard mansion was designed by Randall Stofft Architects and constructed by Terry Cudmore Builders in 2008.

“Kathryn’s work in the Palm Beach County luxury market has been outstanding,” said Kevin Leonard, Vice President of Luxury at Illustrated Properties. “In just a short period of time, we have seen her produce a level of work that is unmatched, while surpassing the expectations in quality service we look to provide to each client.”

In June, Gillespie’s exclusively listed Boca Raton mansion was selected as a finalist in HGTV’s international “Ultimate House Hunt 2018.” The 899 Enfield Street home, which is on the market for $11.5 million, was one of 12 worldwide properties to be chosen for the “Waterfront Homes” category.

Gillespie has lived and worked in the Palm Beach County area for more than 30 years, providing her a deep connection to the area and her clients.

 She has been heavily involved in the local community, serving as past chair of the Boys and Girls Club Board of Directors in Boca Raton and is involved with The Arc of Palm Beach County and Impact 100 Palm Beach County.

Kevin Leonard
Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate.

In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands. Overall, Keyes and Illustrated generate more than $6 billion in annual revenue from their real estate service lines.

Following the merger, Keyes and Illustrated are, together, the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States. In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the sales volume of their closest competitor.


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

HFF announces $18 million sale of Lakewood, WA, apartment community

The James Apartments, Lakewood, WA          Photo by Holland Photography                                                                                                  
Ira Virden
SEATTLE, WA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $18.05 million sale of The James, a 144-unit, garden-style apartment community in Lakewood, Washington.

The HFF team represented the seller, FPA Multifamily, LLC, and procured the buyer, Watt Companies.

The James is located at 4828 123rd Street SW near several of Pierce County’s largest employment drivers, including the adjacent Joint Base Lewis-McChord (JBLM). 

 Additionally, the property provides immediate access to various Seattle MSA commuting options such as Interstate 5 and the Sound Transit Lakewood station. 

Christopher Ross
 The 14-building property consists of studio, one-, two- and three-bedroom units averaging 731 square feet.  Originally constructed in 1976,

 The James has recently undergone significant common area improvements, including siding replacement, the addition of balcony enclosures, updated landscaping, new signage, a resurfaced parking lot, clubhouse and fitness center remodel and renovations/upgrades to approximately 50 percent of the units.

The HFF investment advisory team representing the seller included senior managing director Ira Virden and director Christopher Ross.


WA Lic. #108308
HFF Senior Managing Director
(503) 224-0444

WA Lic. #105465
HFF Director
(206) 576-0031

HFF Public Relations Specialist
(713) 852-3500

Marcus & Millichap Brokers $1.32 Million Sale of 12,740-SF ABRA Auto Body & Enterprise Rent-a-Car Site in Cincinnati, OH

Scott Gould
CINCINNATI, OH, Sept.  7, 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 ABRA Auto Body & Enterprise Rent-a-Car, a 12,740-square foot net-leased property located in Cincinnati, OH, according to Justin W. West, regional manager of the firm’s Orlando office.

The asset sold for $1,325,000.

Scott Gould, Ray Turchi, and Chris Travis, investment specialists in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a private investor. 

Ray Turchi
The buyer, an Ohio based investor, was secured and represented by Joel Dumes, an investment specialist in Marcus & Millichap’s Cincinnati office.

 “This was an opportunity for the Seller to reposition his capital and take advantage of the market,” said Gould. “The location has a long history of successful performance that bodes well for the future.”

ABRA Auto Body & Enterprise is located at 6947 E Kemper Rd in Cincinnati, OH.

ABRA has three decades of auto body repair experience with state-of-the-art collision repair technology. The company is committed to taking care of its customers’ auto repairs through quality workmanship, superior service, and dedication to detail in everything they do.


Justin W. West
Vice President / Regional Manager, Orlando
(407) 557-3800