Wednesday, May 8, 2019

‌Cushman & Wakefield Arranges $20.35 Million Sale of South Texas Senior Living Campus

Mirador, a continuing care retirement community,
5857 Timbergate Drive, Corpus Christi, TX

CORPUS CHRISTI, TX, May 8, 2019 — Cushman & Wakefield has negotiated the sale of Mirador, an upscale, 228-unit continuing care retirement community in South Texas.

The Tampa, Florida-based Cushman & Wakefield Senior Housing team of Allen McMurtryPaul Carr and David Kliewer represented an affiliate of Addison, Texas-based Senior Quality Lifestyles Corporation (SQLC) in the disposition.

Allen McMurtry
 An affiliate of Methodist Retirement Communities (MRC), based in The Woodlands, Texas, acquired the asset for $20.35 million ($89,254 per unit).

Mirador was developed in 2011 and comprises three interconnected buildings totaling ±271,455 square feet of living, dining and common space. 

The Class A facility offers a full continuum of care ranging from independent living, assisted living, memory care and skilled nursing. 

Mirador houses 125 independent living apartments, 44 assisted living units, 18 memory care units and 41 skilled nursing units. The average independent living unit at Mirador is 1,013 square feet. The property was 82% occupied at the time of sale.

Paul Carr
Throughout the sale process, the lifestyle of Mirador’s residents was not impacted. 

Moving forward, they will continue to receive the same high level of care and services that they are accustomed to. 

As part of the sale, the buyer will honor the obligations of the resident life care contracts. 

Mirador is located on a ±17.0-acre site at 5857 Timbergate Drive in Corpus Christi.

The campus is efficiently designed with convenient access to common area amenities and parking for residents and families.

Mirador’s independent living apartments feature wood cabinets, granite countertops, stainless steel appliances, large windows and high ceilings. The community also boasts above-market finishes in assisted living and memory care units and market-leading common areas and dining venues.

David Kliewer
“Mirador offered investors the opportunity to acquire Corpus Christi’s only life-care, entrance-fee continuing care retirement community,” said McMurtry. 

“The property features an exceptional physical plant, upside potential, a market-leading amenity package and the opportunity for future expansion.”

“Our sale process created a competitive bidding environment that ultimately identified MRC as the highest and best bidder,” added Carr. “The sale to MRC represents a tremendous outcome for all parties involved.”


David A. Meyer
Meyer Media  
+ 1 407 489 7488

or follow @CushWake on Twitter.

Hold-Thyssen Negotiates Three Law Firm Leases in Winter Park, FL and Dr. Phillips, Orlando, FL

Darby Hold

WINTER PARK, FL --- Hold-Thyssen, Inc., a full service commercial real estate firm, recently completed lease agreements with three law firms – two in downtown Winter Park and one in the Dr. Phillips area.   

Darby Hold, lease consultant for Hold-Thyssen, brokered all three transactions on behalf of the landlords. 

In Winter Park Faiella & Gulden P.A., specializing in medical malpractice lawsuits leased 2,987 square feet for another 10 years at 243 W. Park Ave.   

Faiella & Gulden P.A., specializing in medical malpractice lawsuits, leased 2,987 square feet for another 10 years
at 243 West Park Avenue, Winter Park, FL  

 Kracht Law Firm, P.A. leased 1,199 square feet at 230 S. New York Ave.   Kracht specializes in Real Estate, Probate, Community Association and Business Transaction law.   New England Partners, LLC is the landlord at both Winter Park buildings.

Patten Law Firm, LLC, a boutique litigation firm representing businesses and individuals throughout the state for more than 20 years, leased 1,659 square feet at Phillips Place , 7575 Dr. Phillips Blvd.   Cincinnati-based Financial Way Realty, Inc. is the landlord.

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States .


Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 

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

NAI Realvest | Charles Wayne Commercial Closes $975,000 Land Sale for an Extended Stay Hotel by I-95 in Ormond Beach, FL

Brian Adair
Ormond Beach, FL – NAI Realvest | Charles Wayne Commercial recently closed on the $975,000 sale of 3.43 acres at 175 Interchange Blvd. just west of I-95 in Ormond Beach.

A 124-room Extended Stay America Hotel will be built on the property.

Brian Adair and Ted Lightman, principals of NAI Realvest | Charles Wayne Commercial, negotiated the transaction representing the seller Southwest I-95 LLC.  The seller is part of the Daytona Beach development team that includes Charles Wayne Properties and Holub Development. 

Ted Lightman
The Charlotte-based buyer hotel entity ESH H Portfolio LLC had the property under contract to purchase since December and decided to close when all permitting was granted by the City.   

The buyer was represented by Carol Bauman of Southeast Commercial-Tampa Bay.

 “The sale demonstrates how Ormond Beach is profiting by the growth occurring nearby at Daytona’s LPGA I-95 interchange including the Tanger Outlets and North American retail development and the Margaritaville community,” Adair said.  

About Charles Wayne Properties

Charles Wayne Properties has also served the needs of the real estate community since 1978. It has developed and managed shopping centers, freestanding retail, office buildings and industrial parks.  

Carol Bauman
CWP has worked with local and national clients in capacities including brokerage, development, investment sales, health care practice sales, tenant representation, property management and receivership. 

To learn more please visit


Brian Adair, Principal, NAI Realvest Charles Wayne Commercial
407-875-9989 or 386-238-3600   

Ted Lightman, Principal, NAI Realvest Charles Wayne Commercial 
407-875-9989 or 386-238-3600    

Patrick Mahoney, President / CEO, NAI Realvest 

Beth Payan, Larry Vershel Communications 407-644-4142 or 407-461-3781