ORLANDO, FL– NAI Realvest recently negotiated a new office lease for 1,830 square feet in the South Park Business Center, an office/warehouse development located at 8600 Commodity Circle in south Orlando. Tom R. Kelley II (top right photo), CCIM, principal at NAI Realvest, negotiated the transaction on behalf of landlord, South Park, LLC of Miami. The tenant, Orlando-based Sunshine Limousine and Sedan Service was represented by Charles Hwang of Global Properties.
Kelley also negotiated a new office lease in Orlando Central Park, 6900 South Orange Blossom Trail, representing the landlord Rene Mestdagh Revocable Trust of Orlando. The new tenant, Roman Realty, LLC leased 380 square feet.
For more information, contact:
Tom R. Kelley II CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com
Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com
Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com
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NAI Realvest Negotiates $6 Million Purchase of 5.44 Acre Beachfront Development Site in Daytona Beach by Toronto Investment FirmDAYTONA BEACH, FL --- NAI Realvest recently negotiated the purchase of a 5.44 acre beachfront development site at 801-905 S. Atlantic Avenue in Daytona Beach for $6,000,000.
Chris Butera (middle left photo) associate at NAI Realvest in Maitland, negotiated the sale representing the buyer Toronto-based Bayshore Capital. The seller is Regions Bank of Birmingham, Ala.
The site is comprised of four separate lots and three former beachfront motels that AJ Daytona Developers acquired for $26 million in 2004 and combined into a single parcel for development of a luxury hotel before Regions foreclosed in 2009
Located in the core Daytona Beach tourist area, the site ranks as the largest and highest-priced oceanfront parcel to sell in all of Daytona Beach in recent years.
“Bayshore Group has been acquiring strategic development sites in the Daytona Beach area for several months,” Butera said. “They were a perfect match for this site.”
Since last August, Bayshore Group has spent more than $14 million to acquire beachfront sites in Daytona Beach that total more than 12 acres in four separate transactions.
For more information, please contact:
Chris Butera, Associate NAI Realvest 386-453-4789 cbutera@realvest.com
Patrick Mahoney, President, NAI Realvest 407-875-9989; pmahoney@realvest.com
Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142
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