Shaw Mechanical Services wins contract for Seminole County, FL school

ORLANDO, FL-- Shaw Mechanical Services LLC has secured a $1.8 million contract with Mark Construction Company for mechanical contracting services for additions and renovations to Sterling Park Elementary School on Eagle Circle in Casselberry, Fla.

Shaw Mechanical’s scope of services includes purchasing, installation, equipment start-up and commissioning of two air-cooled chillers, primary and secondary pumping, nine central station AHU’s and 75 fan terminal boxes.

The campus will remain occupied during the 18-month construction schedule that calls for the construction of two new, two-story, 85,000-square-foot classroom buildings and the renovation of an existing building. Completion is scheduled for December 2009.

The Seminole County Public Schools project is being built by general contractor, Mark Construction Company of Longwood, Fla. Architecture is provided by SchenkelShultz Architects, Orlando, Fla. Matern Professional Engineering Inc. of Maitland, Fla., is providing mechanical engineering.
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Shaw Mechanical Services LLC is a Central Florida-based provider of mechanical contracting and service to building owners, property managers, facility managers, plant engineers, general contractors and consumers.

Comprehensive services provided by Shaw Mechanical include retrofits, renovations, preventative maintenance, commissioning and installation of heating, ventilating and air conditioning systems, process piping, automatic temperature controls and custom climate applications for existing structures and new construction.

Founded in 2001 by David L. Shaw, the privately-held company employs a staff of seventy from its headquarters in Orlando, Fla. Please visit http://www.shawmechanical.com/ for additional information.

Shaw Mechanical Services hires new project manager

ORLANDO, FL — Shaw Mechanical Services LLC appointed Lawrence A. Williamson senior project manager. Williamson has 26 years of experience in mechanical contracting management for commercial, industrial and institutional projects throughout Central Florida.

He is an active member of the American Society of Heating, Refrigerating and Air-Conditioning Engineers and Associated Builders & Contractors.

Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344,
elainei@pr-works.com, www.pr-works.com

Cousins Properties Declares First Quarter Common and Preferred Stock Dividends

ATLANTA -- Cousins Properties Incorporated (NYSE: CUZ) announces its Board of Directors has declared a regular quarterly cash dividend of $0.25 per share, or $1.00 per share on an annualized basis, payable February 23, 2009, to common stockholders of record as of February 9, 2009.

The Board of Directors declared a regular quarterly cash dividend on its Series A Cumulative Redeemable Preferred Stock. The dividend of $0.484375 per share, or $1.9375 on an annualized basis, is payable February 16, 2009, to Series A preferred stockholders of record on February 2, 2009.

The Board of Directors has also declared a regular quarterly cash dividend on its Series B Cumulative Redeemable Preferred Stock. The dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable February 16, 2009, to Series B preferred stockholders of record on February 2, 2009.

Contact:
Cameron Golden, 404-407-1984, Director of Investor Relations and Corporate Communications, camerongolden@cousinsproperties.com

Grubb & Ellis Represents Shorewood Properties in Completion of Elgin, IL Industrial Development

ROSEMONT,IL– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, represented Shorewood Properties in the successful completion of its four-building, 160,000-square-foot industrial development on Scottsdale Court, (site map top left) located off of Tollgate Road near the I-90/US-31 interchange in Elgin.


Bruce Granger, (top right photo) senior vice president, Industrial Group, secured interest from Northgate Technology Inc. in a 34,000-square-foot build-to-suit facility, which is expected to be completed this year.


Northgate, a growing medical technology manufacturing company, is currently located in 14,500 square feet of space at 600 Church Road in Elgin.

“We’re pleased to have completed the park considering the current market,” said Jim Origer, owner of Shorewood Properties. “Additionally, the fact that the tenant is staying in the vicinity makes it a great win for Elgin.”

Granger added, “With its superior transportation access, Elgin is a great user market. We’re proud to have been involved in the development’s leasing and disposition activities.”

Shorewood acquired the 17 acres of land off of Tollgate Road from Flender Corp., now part of Siemens Energy and Automation, Inc., in early 2000.

The investor then built Scottsdale Court to enhance access to the four-building park, which includes 50,000- and 38,000-square-foot multi-tenant buildings, a 38,000-square-foot single-tenant building and the 34,000-square-foot facility to be occupied by Northgate Technology.

Other users in the development include Owens Corning, Park Supply, ID Graphics, MPR Precision Molding Specialists and Argos Technologies, Inc.

Contact: Erin Mays, Phone: 312.698.6735. Email: erin.mays@grubb-ellis.com

CBRE Orlando Brokers $3.6M Sale

ORLANDO, FL – The Orlando office of CB Richard Ellis is pleased to announce that David Murphy, (top right photo) Senior Vice President, represented the owner in the sale of 110,000 square foot industrial facility at 350 Anchor Road in Altamonte Springs, Florida.

The sale price was $3.6 Million. The purchaser, JVD Construction, was represented by Jamie DiSalvatore of Realty Executives Orlando. The facility was previously utilized by Water Bonnet, Inc., for production and distribution of products for the marine industry.

Contact: Angelique Greven, 407.839.3158, angelique.greven@cbre.com

Marcus & Millichap Names Wendelken National Director of National Self-Storage Group

SEATTLE, WA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Gregory Wendelken (top right photo) national director of the firm’s National Self-Storage Group (NSSG), according to Harvey E. Green, (bottom left photo) president and chief executive officer.

Wendelken is also vice president and regional manager of the firm’s Seattle office.
“Greg’s extensive knowledge of the national self-storage market will make him a valuable asset to our clients and self-storage investment specialists,” comments Green. “Under his leadership, the NSSG will continue to provide unparalleled service to its clients in the market. With specialists throughout the country, NSSG is the self-storage leader in transactions, having closed more than $2 billion in sales over the past five years.”

“Every NSSG investment professional is an expert in their geographic and product specialty,” says Wendelken. “No other firm matches our ability to move capital geographically and across property types, and to connect private capital with the institutional market.

"As the new head of the NSSG, I plan to expand our already strong market share at a time when pricing continues to drop by bringing excellent investment opportunities to savvy buyers, who will enjoy stabilized returns on the storage properties if they choose to hold over the long term.”

Wendelken joined Marcus & Millichap in 1984. He was a senior associate in the Newport Beach office from 1984 to 1988. In March 1998, Wendelken became the sales manager in the Ontario office. After four months, he was appointed regional manager for the Seattle office.

Prior to joining the firm, he served as vice president for a prominent Southern California developer for two years.

Wendelken graduated from University of Southern California with a bachelor’s degree in business administration with an emphasis in real estate and finance.

Press Contact: Stacey CorsoCommunications Department(925) 953-1716

Southern Commercial Completes 14,500-SF Lease

ORLANDO, FL-- Principals Tom McFadden, SIOR and William “Bo” Bradford, CCIM, SIOR of Southern Commercial Real Estate Advisors completed an 14,500 square foot new lease at 7584 Brokerage Drive, (top right photo) Orlando, Florida in Orlando Central Park.

McFadden and Bradford negotiated the three year new lease, representing the Landlord, RREEF.

The tenant, Southern Furniture Transport was represented by Jeff York with York Property Company.

Media Contact: Celeste MacKenzie, 321-281-8503, cmackenzie@southercommercialre.com

Dallas Assisted Living Community Sells for $20.5M

TAMPA, FL --CLW Health Care Services Group is pleased to have represented SHP II Caruth, L.P. in the sale of Caruth Haven Court, (top right photo) a 91-unit Assisted Living community locatedin the prestigious Park Cities area of northern Dallas.

SHP II Caruth, L.P. is a partnership between entities of Prudential Real Estate Investors and 12 Oaks Senior Living.

The property was purchased by Cornerstone Growth and Income REIT, Inc. through its affiliation with Servant Healthcare Investments, LLC and Cornerstone Real Estate Funds for $20.5 million ($225,275 per unit). 12 Oaks Senior Living, the current operator, will be retained to operate Caruth Haven Court.

Contact: Allen McMurtry, 813.349.8349, amcmurtry@clwrg.com .

CB Richard Ellis Subleases 12,000 SF in Lake Mary, FL

ORLANDO, FL – The Orlando office of CB Richard Ellis is pleased to announce that Nan McCormick, (top right photo) Senior Vice President, represented GENEX Services, Inc. in subleasing 12,000 sq. ft. at 300 Colonial Center Parkway, Lake Mary, Florida. The sublessor, M/I Homes of Orlando, LLC, was represented by Scott Pamplin of Jones Lang LaSalle.

Contact: Angelique Greven, 407.839.3158, angelique.greven@cbre.com