Saturday, November 17, 2018

New Hair Salon Lease Boosts Port Orange, FL Commercial Center ’s Occupancy To 100 Percent

James O'Connor
PORT ORANGE, FL – NAI Realvest Charles Wayne Commercial recently completed a new, multi-year retail lease agreement for 1,755 square feet at Total Vision Center , a 12,000 square foot retail/office center at 5820 S. Williamson Blvd. in Port Orange .

    Associate James O’Connor brokered the transaction on behalf of the landlord, Port Orange Airport Road, LLC.   The new tenant, Salon Envie is the only Aveda Salon in Port Orange .  Aveda is a concept founded on holistic beauty and environmental responsibility with locations nationwide.

Occupancy is now at 100 percent. Other major tenants at the center include: Edward Jones, Total Vision Eye Health Associates and the Artistic Center for Dentistry.

James O’Connor, Associate,
 NAI Realvest Charles Wayne
 444 Seabreeze Blvd., Suite 1000
Daytona Beach , FL 32118 ;  386-238-3600 x204

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

Hold-Thyssen Closes on Leases at Counsel Square in New Port Richey, FL

Carol L.  Kinnard
CLEARWATER, Fla. --- Hold-Thyssen, LLC, a full service commercial real estate services firm with offices in Clearwater and Winter Park , recently completed two lease agreements at Counsel Square , a 112,000 square foot office/flex campus in New Port Richey.  

Pinellas Ex-offender Re-entry Coalition (PERC) leased 1,000 square feet to expand its service area into Pasco County .  The agency assists ex-offenders and reunites families through advocacy, education and programming.

Westside Deli. Counsel Square’s on-site delicatessen, renewed their lease at their 1,500 square foot location.  Owners Bob and Deborah Morris have been in operation at this location since 2013.

Carol L. Kinnard, transaction specialist at Hold-Thyssen, negotiated the transactions representing the Landlord.

Hold-Thyssen provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more than100 commercial properties throughout the United States .


Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, Inc.
813-880-7100 ext303

Robert P. Hold, Principal, Hold-Thyssen, Inc. 

Larry Vershel or Beth Payan, Larry Vershel Communications Inc.

BLT Enterprises Sells R&D Asset in San Diego, CA Submarket for Record $330 Per SF

R&D/Flex Building, 5454 Ruffin Road, San Diego, CA

SAN DIEGO, CA – BLT Enterprises, a multi-faceted commercial real estate development and investment company, has sold a 54,000 square-foot R&D/flex building in the Kearny Mesa submarket of San Diego, California for $18 million, or $330 per square foot.

Bernard Huberman
The property is located at 5454 Ruffin Road in San Diego, California.

Ron Jacobson at SD Realty Partners along with Brad Black and Chris Pascale at CBRE represented BLT Enterprises as the seller.

Tom Mercer at Colliers International represented San Diego Unified School District as the buyer.

BLT acquired the property in 2017 and sold it a year and a half later, according to Bernard Huberman, Founder and President of BLT Enterprises.

“Due to the property’s strategic location in a thriving industrial submarket, we knew that we could quickly enhance value by renovating, upgrading and modernizing the asset,” says Huberman.

“This sale is demonstrative of the success of that strategic approach, and our ability to reposition the property into a high-demand asset worthy of premium pricing.

Ron Jacobson
"Ultimately we were able to achieve a record per-square-foot price for an industrial asset in this submarket.”

During ownership, BLT Enterprises converted the 77,000 square-foot, two-story office building back to its original 54,000 square-foot size by removing the dated addition of a second-story office space constructed in the late 1980s.

“The addition of this mezzanine made the property severely under parked,” says Huberman. “By restoring the property to its original size, we were able to create a highly-functional environment that appealed to a diverse range of prospective buyers, and ultimately added to the long-term value of the property.”

Brad Black
In addition to removing the dated renovations, BLT Enterprises also modernized and upgraded the property by integrating a unique outdoor amenity space, new lobby, exposed high ceilings, skylights, dual pane energy efficient glazing, and LED lighting, among other features.

“Through our fully-integrated hands-on approach, we understand how to transform distressed assets into high-performing properties, which is exactly what we did here,” says Huberman.

“As a result, we garnered strong interest for the property and were able to command a premium price, maximizing our ROI.”

Headquartered in Santa Monica, Calif., BLT Enterprises was founded in 1984 and is a multi-faceted real estate development and investment company with an exceptional track record of success in industrial and commercial real estate.

Chris Pascale
 The firm has developed or acquired more than $2 billion in assets to date.
BLT Enterprises specializes in the acquisition, entitlement, development, operation, and property management of industrial, office, retail, mixed-use and special-use properties.

Tom Mercer


Lisa James/ Jenn Quader
Brower Group
(949) 955-7940