Friday, February 5, 2021

Stream Realty Partners Appoints Preston Young for National Role

Preston Young

DALLAS, TX –– Stream Realty Partners (Stream), a national real estate services, development, and investment company, announced it has appointed Preston Young as National Head of Office Investor Services.

 In the newly created position, Preston will oversee the strategy and advancement of Stream’s national office platform and portfolio.

 These endeavors will focus on recruiting talent, identifying new business opportunities and the development of essential resources to achieve Stream’s growth initiatives across the platform.

 Chris Jackson, President of Stream Realty Partners, said, “Over the past 15 years, Preston has been instrumental in the success and growth of Stream’s platform in several areas, most recently co-leading the Houston office, supporting our Washington D.C. office, as well as working on initiatives around recruiting and client acquisition.

 "This is a natural fit for Preston’s capabilities, and we look forward to the progress that will be made with the addition of this position.”

 

Chris Jackson

Young previously served as Regional Managing Director in Stream’s Houston office where he directed the service and principal portfolio which now exceeds 50 million square feet, thereby positioning Stream as one of the largest commercial real estate organizations in Houston.

 Jackson continued, “Preston’s newly created role is a continuation of our plan to invest in talent and technology that will accelerate the expansion of our services lines and markets across the country—driving great value for our clients and our people.”

 Contact: 

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

www.streamrealty.com.

 

 

NAI Realvest Closes Four Industrial Lease Deals in Sanford, FL

 Mary Frances West

 ORLANDO, FL -- Mary Frances West, CCIM, Vice President at NAI Realvest, recently completed 4 industrial leases totaling 15,860 SF in Monroe Commerce Park in Sanford.  West represents the owners, CWP Monroe Investors, LLC and Ocala North Partnership, LLC.

 Monroe Commerce Park was recently re-branded (formerly known as Monroe CommerCenter South) and is located at Church Street & Monroe Road, Sanford.  The industrial park is 116,500 SF and is 95% leased. 

 PMQL, Inc. dba Off the Wall Quilt signed a new lease for 3,750 SF at 4153 Flex Court.  The company is consolidating 3 smaller locations into the Sanford location.  Off the Wall Quilt is a quilting, online distribution and sewing instruction company.

Farah Novin 

Hemera Holdings, Inc. is a new tenant at 4168 Flex Court, leasing 3,750 SF.  Hemera Holdings is one of the largest suppliers of disposable medical supplies such as gloves, face masks, hand sanitizer, etc.  They were represented by Farah Novin of Coldwell Banker Realty.

 The Pressure Guys expanded from 3,750 SF to 5,000 SF at 4141 Incubator Court. The Pressure Guys specialize in both low and high pressure cleaning of residential and commercial properties.

 Daystar Marketing & Consulting, Inc. renewed their lease for 3,360 SF at 635 Progress Way.  Daystar specializes in home water softener systems and supplies.

 Contacts: 

 Yelena Gurtovenko 

ygurtovenko@realvest.com

Mary Frances West, CCIM, Vice President, NAI Realvest 

407-875-9989, mfwest@realvest.com

 Patrick Mahoney, President/CEO, NAI Realvest,

 407-875-9989 pmahoney@realvest.com

Miami mixed-use marina destination Monty’s Coconut Grove sells

Kim Flores
  

MIAMI, FL, Feb. 5, 2021 – JLL Capital Markets announced today that it arranged the sale of Monty’s Coconut Grove, also known as Bayshore Landing, a fully leased mixed-use marina, retail, office and restaurant operating business nestled in the heart of Coconut Grove, one of Miami’s most coveted neighborhoods.


Monty’s Coconut Grove, 2550 South Bayshore Drive, Miami, FL

 

JLL marketed the property on behalf of the seller, Aligned Bayshore Marina, LLC. Suntex Ventures, LLC purchased the asset.

 

Manny de Zárraga

Monty’s Coconut Grove/Bayshore Landing is a remarkable operating business comprised of a 111-slip best-in-class marina, a 30,535 square feet of boutique office and retail building and Monty’s Raw Bar, a highly successful 750-seat iconic restaurant that’s been a Miami landmark for 50 years.


The property is situated along Biscayne Bay at 2550 S. Bayshore Dr., with direct ocean access in the heart of Coconut Grove. Coconut Grove is an affluent community four miles south of downtown Miami that is experiencing a rapid urbanization with a flurry of luxury residential and commercial developments.  

 

The JLL Retail Capital Markets team representing the seller was led by Executive Managing Director Manny de Zárraga, Managing Director Luis Castillo, Director Ted Taylor and Senior Associate Kim Flores.


Luis Castillo
“The opportunity to acquire a storied operating asset like Monty’s Coconut Grove hardly ever presents itself in a major market like Miami, and we were honored to have represented Aligned Bayshore Marina LLC in this transaction,” Castillo said.


 
“Suntex Ventures astutely recognized the inherent value of this marina-based asset and the long-term appreciation potential it presented.”

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 


The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization.

 

 The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.


Contact: 

 

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 newsroom.

suntex.com