Sunday, February 2, 2020

BLT Enterprises Sells Office Asset in Anaheim's Coveted Platinum Triangle in Record Time


Two-story office asset located at 2100 South. State  College Boulevard in the heart of Anaheim’s coveted Platinum Triangle
Anaheim, CA – BLT Enterprises, a multi-faceted real estate investment company based in Santa Monica, California, has sold a two-story office asset located in the heart of Anaheim’s coveted Platinum Triangle.

The sale of the asset presents a rare opportunity for an owner-user to occupy a space in the Anaheim submarket, where most buildings are only available for lease.

 “Similar to other commercial real estate asset classes, today’s office sector is more user-focused than ever before,” says Bernard Huberman, Founder and President of BLT Enterprises.

Bernard Huberman
 “Modern, upgraded office space in a highly desirable location such as this is always at a premium and it is a testament to the strength of the market that we were able to close the deal in just 45 days.”

The property features modern amenities including floor-to-ceiling windows and skylights for ample natural lighting, interior and exterior brick walls, hardwood floors, a modern kitchen and several conference rooms.

Huberman notes that this is exactly the type of property that developers of smaller office assets are seeking to provide in the current tight market.

“Developers know office occupiers are seeking well-designed spaces that not only function more efficiently but are also eye-catching and offer updated features,” he says.

Situated just moments away from Angel Stadium, the property is a rare, two-story building surrounded by the multitude of new high-rise apartments, hotels and retail redevelopments under construction within and around the Platinum Triangle.

Kurt Bruggeman 
“While Orange County remains a popular office market, it is not common to find jewel box properties such as this within areas of such heavy urban development,” says Huberman.

Built in 1990, the 8,200 square-foot property features two floors of office space over a subterranean parking garage. BLT originally acquired the building in 2016 as part of a portfolio of buildings for a total of nearly $30 million.

Kurt Bruggeman of Lee & Associates Irvine represented BLT Enterprises as the seller. Phil Fridd and James Hawkins of Lee & Associates Orange represented Hutton Development Company as the buyer.

Phil Fridd 
About BLT Enterprises

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

Contacts:

Lisa James / Jenn Quader
Brower Group
(949) 438-6262\
ljames@brower-group.com

Southwest Value Partners Acquires Two Premier Scottsdale, AZ-Area Properties

Mark Schlossberg 

SAN DIEGO, CA - Southwest Value Partners MarkSchlossberg and Cary Mack co-managing partners, has completed the purchase of two hotel properties located in the world-class resort market of Scottsdale, Arizona, including the 235-room Hilton Scottsdale Resort & Villas and the 378-room DoubleTree Resort by Hilton Paradise Valley Scottsdale.

Cary Mack

“The Phoenix/ Scottsdale area is a vibrant community that is experiencing tremendous, sustained growth,” Schlossberg and Mack said in a joint statement. 

“Both the Hilton Scottsdale and the Doubletree Paradise Valley are exceptionally well-located in close proximity to restaurants, entertainment, and shopping. 

235-room Hilton Scottsdale Resort & Villas
"We look forward to making numerous quality upgrades to the guestrooms, meeting space, and grounds and landscaping at both hotels that will further enhance the guest experience and solidify each property as a top resort destination.”


The Hilton Scottsdale Resort & Villas is a well-appointed resort situated on more than 25 acres at the southeast corner of Scottsdale Road and Lincoln Road in Scottsdale, Arizona. The AAA four-diamond property features 45 villas along with 190 guestrooms and suites, three restaurants, over 28,000 square feet of flexible indoor and outdoor meeting space, outdoor pool, 24-hour fitness facility, and an on-site spa.




378-room DoubleTree Resort by Hilton Paradise Valley Scottsdale.

The DoubleTree Resort by Hilton Paradise Valley Scottsdale is a AAA four diamond resort hotel featuring 378 rooms on 23 acres of prime real estate in Paradise Valley, Arizona, and includes more than 40,000 square feet of flexible indoor and outdoor meeting space, two heated outdoor pools, and a first-class fitness center.


Dimension Development will manage both the Hilton Scottsdale Resort & Villas and the DoubleTree Resort by Hilton Paradise Valley Scottsdale.

Included with the purchase of the hotels is an 11,000 square foot office building located adjacent to the Paradise Valley resort property.



CONTACT:

Alexandra Sollberger
202-317-0774


NAI Realvest Completes Sale of 13.10 Acres in DeLand, FL


Steve Costa

DELAND – Steve Costa, principal with NAI Realvest Charles Wayne Commercial, recently negotiated the sale of a 13.10-acre DeLand parcel at the intersection of West Plymouth and Adelle Avenues to an Orlando company for $694,548.00. 

 Costa, who represented the Tampa-based sellers Michael A. Dougherty and Marshall H. Dougherty, Jr., d/b/a Volusia Oaks said the property – near DeLand’s medical district – is part of an assemblage that will become a community called Lincoln Oaks with 60+ homesites and with medical office and retail space.


Mason Urbanski 
 The buyer, Adelle at 4092 LLC, was represented by Mason Urbanski of Incite Commercial in Orlando .   The property is being developed by Owais Khanani, managing partner of Elevation Development, LLC.  

 Lincoln Oaks has also been approved for 40,000 square feet of medical office and medical related space which may also include assisted living facility, Khanani said. 

 The commercial portion of the project is expected to be completed within the next 12 months, he added.  

 Costa and the NAI Realvest Charles Wayne Commercial team are currently marketing the medical and medical related space for lease.

Owais Khanani

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. 

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 www.charleswayne.com

CONTACTS:

Steve Costa, principal with NAI Realvest Charles Wayne Commercial, 
386-804-7259 scosta@realvest.com

Owais Khanani, Elevation Development
321-287-4898 owais@elevationdev.com

Patrick Mahoney, President / CEO NAI Realvest,
407-875-9989 pmahoney@realvest.com

Beth Payan, Larry Vershel Communications
 407-644-4142 or 407-461-3781 beth@larryvershel.com

www.NAIRealvest.com.


NAI Realvest Brokers $750,000 Sale of Outparcel at Plaza Del Sol in Kissimmee, FL



Paul P. Partyka
KISSIMMEE, FL – NAI Realvest recently completed the $750,000 sale of the former Friendly’s Restaurant outparcel at the Plaza Del Sol shopping center in Kissimmee . 

Paul P. PartykaCCIM, Matt Cichocki and Kevin O’Connor, partners at NAI Realvest negotiated the lease on behalf of the landlord Toronto-based Vine Street Shoppes, L.P.

The 43,560 square foot eastern lot located at 3915 W. Vine St. was purchased by Altanor Investment, LLC who will construct its third area liquor store on the outparcel sometime this year.  

Matt Cichocki

About NAI Realvest:


NAI Realvest in Orlando, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. 

NAI Global is an international commercial real estate network with over 400 offices spanning the globe.  

Since 1978, clients have built businesses on the power of NAI Global’s expanding network.  

Kevin O’Connor


Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. 

To learn more, please visit www.NAIRealvest.com.  


CONTACTS:

Paul P. Partyka, CCIM, Partner, NAI Realvest, 
407-875-9989 ppartyka@realvest.com

Matt Cichocki or Kevin O’Connor Principals NAI Realvest, 
407-875-9989 mcichocki@realvest.com  Koconnor@realvest.com

Patrick Mahoney, President / CEO, NAI Realvest, 
407-875-9989 PMahoney@realvest.com  

Beth Payan, Larry Vershel Communications, 
407-644-4142  Beth@larryvershel.com