Tuesday, May 28, 2019

HFF closes $18 million sale of gym-anchored retail center in the Orlando, FL MSA

The Grove at Winter Park, a 112,351-square-foot retail center at 4270 Aloma Avenue anchored by a 24 Hour Fitness in the affluent Winter Park suburb of Orlando, FL


ORLANDO, FL,  May 28, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $18.075 million sale of The Grove at Winter Park at 4270 Aloma Avenue a 112,351-square-foot retail center anchored by a 24 Hour Fitness in the affluent Winter Park suburb of Orlando, Florida.

Brad Peterson
HFF marketed the property on behalf of the seller, Consolidated-Tomoka Land Co.  TriOut Advisory Group purchased the center.

In addition to 24 Hour Fitness, The Grove at Winter Park is home to Pet Supplies Plus, My Salon Suites, Twisted Root Burger Co., Quickly Boba and Babyland Day Care. 

 The center was completed in 1985 and underwent significant renovations to upgrade and modernize it in 2018 with distinctive design elements, including an extensive and high-end fa├žade renovation, parking lot improvements, signage and landscaping. 

Whitaker Leonhardt
 Situated on 12.8 acres 4270 Aloma Avenue, the center is along Winter Park’s highly traveled retail corridor and visible to approximately 35,000 vehicles per day.  More than 97,600 residents earning an average annual household income of nearly $80,000 live within a three-mile radius of the center.

The HFF investment advisory team representing the seller included senior managing director Brad Peterson, senior director Whitaker Leonhardt, director Michael Brewster and associate Ryan Stoffer.

“The Grove at Winter at Winter Park represents a tremendous turnaround story over the course of the seller’s ownership,” Peterson said. 

“The addition of 24 Hour Fitness spurred a total renovation of the center, and given the leasing trajectory, The Grove at Winter Park is now well positioned to continue its successful run as a valuable community shopping center in the heart of a thriving Winter Park submarket.”

Michael Brewster
HFF recently announced the closing of five other Orlando-area retail centers, Millenia PlazaVillage Shoppes at AltamonteMarketplace at Seminole Towne CenterThe Fountains at Bay Hill and International Drive Value Center, along with the sale and financing of The Shoppes of Lake Mary last spring.

About Consolidated Tomoka Land Co.

Consolidated-Tomoka Land Co. is a Florida-based publicly traded real estate company, which owns a portfolio of income investments in diversified markets in the United States including approximately 2.4 million square feet of income properties, as well as approximately 5,400 acres of land in the Daytona Beach area. 

Visit https://www.ctlc.com to learn more.

Ryan Stoffer
About TriOut Advisory Group

TriOut Advisory is a multi-faceted real estate company.  TA has offices in Nashville and Miami, and, together with its partners and affiliates, they own and manage 10 properties with more than 500,000 square feet of both office and retail.

TA’s purchasing criteria being in the southeast part of the U.S. and acquiring $25 million to $30 million per quarter has allowed the company to build a strong footprint in this geographical area. 


For more information, please visit www.TriOutAdvisory.com.


CONTACTS:

BRAD PETERSON
FL Lic. #BK3162030
HFF Senior Managing Director
(407) 745-3900

WHITAKER LEONHARDT
FL Lic. #SL3221137
HFF Senior Director
(407) 745-3900

KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420

HFF closes $16.5 million sale of office property in San Diego’s life science and technology submarket


10455 Pacific Center Court, a 92,477-square-foot office property located in the Sorrento Mesa submarket of San Diego, CA.

SAN DIEGO, CA,  May 28, 2019 – HFF announces that it has closed the $16.5 million sale of 10455 Pacific Center Court, a 92,477-square-foot office property located in the Sorrento Mesa submarket of San Diego, California.

Nick Psyllos
HFF represented the seller in the sale of the property to a partnership between Graymark Capital and an institutional partner. 

10455 Pacific Center Court is positioned on a 7.7-acre, canyon-edge lot in Sorrento Mesa, the epicenter of San Diego’s growth industries, with technology, life sciences and telecommunications representing a substantial presence in the submarket. 

The two-story property features 13.5’-16.9’ slab-to-slab heights, abundant window lines, functional floor plates and high-bay loading docks with roll-up door access.  10455 Pacific Center Court is currently 45.2% leased.    

The HFF investment advisory team representing the seller was led by senior managing director Nick Psyllos and senior associate Kara Mathis.

Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.


Kara Mathis

About Graymark Capital

Graymark Capital is an industry-leading commercial real estate firm, headquartered in San Francisco, California.  The firm invests in office, industrial and R & D properties in the Western U.S. that appeal to today's modern tenants. Since 2012, Graymark Capital has purchased 22 properties comprising over $700 million of value.

CONTACTS:

NICK PSYLLOS
CA Lic. #00788060
HFF Senior Managing Director
(858) 552-7690

KRISTEN MURPHY
HFF Director, Public Relations
(617) 848-1572


Lisa Gibson-Dorr joins Barton Malow as Senior Business Development Manager-Healthcare


Lisa Gibson-Dorr

Orlando, FL (May 28, 2019) – Barton Malow Company, one of North America’s leading contracting firms, has hired Lisa Gibson-Dorr as Senior Business Development Manager-healthcare for the Orlando office.

With more than 20 years of industry experience, Gibson-Dorr has worked for some of the region’s top architecture and construction firms and established solid relationships in the healthcare community with organizations such as Orlando Health, AdventHealth and Baycare. 

She has also served in leadership roles on several industry-related boards, including the Society of Marketing Professional Services (SMPS) and the US Green Building Council (USGBC), as well as on multiple American Council of Healthcare Executives (ACHE) committees.

Dave Price
Gibson-Dorr holds a Bachelor of Arts degree in English from Michigan State University, where she served as a legislative intern for the Michigan House of Representatives. She currently resides in Windermere with her family.

“Barton Malow has completed over $800 million in Florida healthcare construction projects in the past five years,” said Senior Vice President Dave Price, who oversees Barton Malow’s southeast operations.

 “Lisa’s leadership, diligence and relationship building capabilities will be instrumental to our continued growth in this thriving industry sector.”


Contacts:

 Ritu Sandhu
 (407) 352-8880


Jennifer Bisbee, APR
Founder, President, Chief Consultant
Bisbee and Company, Inc.
Public Relations │Integrated Marketing Communications
407.257.4667 (m) 407.856.9060 (fax)
Look forward to connecting:
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