Fortress Construction Group Earns Contract to Provide Tenant Improvements for Doctors, Pharmacy at Southport Plaza in Kissimmee, FL

KISSIMMEE, FL --- Fortress Construction Group of Longwood was recently awarded the contract to provide tenant improvements for a doctors group and pharmacy at Southport Plaza, located at the intersection of Poinciana Blvd. and Pleasant Hill Road in Kissimmee.

Charles Ayers (top right photo), president of Fortress Construction Group, Inc. said the work is under way.and  should be completed by the end of September

The project totals 3,300 square feet of medical space and a 2,200 square foot pharmacy. Together, the contracts are valued at more than $200,000.

Southport Plaza II LLC., based in Boca Raton is the developer.

The new tenants are Central Florida Primary Physicians and Tirumala Pharmacy.

Ayers said James Garritani (lower left photo)  of DDP Architects P.A. in Longwood designed the tenant improvements for Central Florida Primary Physicians Rabits & Associates of Mount Dora served as architects for Tirumala Pharmacy.

Visit www.Fortressconstructiongroup.com

For more information about this press release, contact

Charles Ayers, President, Fortress Construction Group and Charles Ayers Custom Homes, 407-467-7696 Charles@ayerscustomhomes.com

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644 4042 Lvershelco@aol.com

Pace Academy Launches Capital Campaign to Build The Arthur M. Blank Family Upper School

 ATLANTA, GA (Aug. 15, 2012) – Pace Academy has announced plans to build The Arthur M. Blank Family Upper School (top left rendering by AniMagic Productions, Inc.),  .a 75,000-square-foot facility that will replace the current Upper School, constructed in 1961.

To reach its $32 million fundraising goal, the school has launched Aim High, its largest capital campaign to date. The family of Atlanta Falcons Owner and Chairman and The Home Depot Co-Founder Arthur M. Blank (middle right photo) contributed Aim High’s lead gift.

“As the parent of a Pace graduate and three current Pace students, I have seen firsthand the impact the school has on the lives of its students,” said Blank.

“Pace (lower left photo)  is a community dedicated to excellence in every arena, and its focus on outstanding academics, close student-teacher relationships, service learning, diversity and global education sets it apart.

“This new Upper School facility will ensure the school’s continued excellence for generations to come. My family and I are thankful to be part of the Pace family and excited to contribute to the new Upper School.”

For a complete copy of the company’s news release, please contact:

Caitlin Goodrich

Director of Communications, Pace Academy

404-266-4425 (work);

404-838-8274 (cell)

cgoodrich@paceacademy.org

www.paceacademy.org

Marcus & Millichap Sells 10,701 SF Office Building in Coral Gables, FL

CORAL GABLES, FL, August 15, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Minorca Executive Center (top left photo), a 10,701-square foot office building with a private covered parking garage located in Coral Gables, FL, according to Kirk A. Felici, First Vice President/Regional Manager of the firm’s Miami office. The asset commanded a sales price of $2,200,000.

Kirk D. Olson (middle right photo), Benjamin H. Silver (lower left photo)  and Drew A. Kristol, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Miami. 

“The property is currently being operated as an executive suite office building with 10 tenants on short-term leases.  The buyer will continue to operate the business and has future plans to build-out and occupy the space for their medical practice,” says Silver.

The building was completely renovated in 2006 and features a private parking garage for 21 cars. Minorca Executive Center is situated just east of South LeJeune Road and two blocks north of Alhambra Circle at 370 Minorca Avenue.

Press Contact:

Ashley Steele

Fort Lauderdale Office

(954) 245-3400

Berger Commercial Realty Broker Joseph Byrnes Negotiates $3.725 Million Purchase of 2005 Vista Parkway in West Palm Beach, FL

FORT LAUDERDALE, FL (Aug. 15, 2012) – Berger Commercial Realty Vice President Joseph Byrnes (top right photo) recently represented Black Oak Partners, LLC in the $3.725 million purchase of a 41,899-square-foot office building in West Palm Beach from Design Arts of Palm Beach LLC.

 Black Oak Partners assigned the exclusive lease listings for the building to Byrnes. Berger Commercial Realty Vice President of Property Management Tim Hackett (lower left photo) was awarded the management assignment.

 "Black Oak Partners recognized a great opportunity to buy an underperforming asset," Byrnes said. "The Vista Center market in West Palm Beach is very strong."

Byrnes negotiated a short sale between Black Oak Partners, Design Arts of Palm Beach and Everbank that closed within 30 days on July 31. The building, which was built in two phases during 2003 and 2006, is currently 50 percent occupied. It sits on four acres of land located at 2005 Vista Parkway.

 Byrnes represents more than 800,000 square feet of office, industrial and retail space. He is a retail real estate specialist in the capacity of landlord and tenant representation. Hackett oversees the management of more than 4 million square feet of commercial properties in South Florida.

 Contact:

Marielle Sologuren

Pierson Grant Public Relations

(954) 776-1999, ext. 226

msologuren@piersongrant.com

Morrison Commercial Real Estate Completes Two Lease Transactions Totaling 14,425 SF in Orlando, FL

ORLANDO, FL (Aug. 15, 2012)--Morrison Commercial Real Estate announced the completion of two lease transactions totaling 14,425± square feet.

Lisa Bailey (top right photo)  and  Phil Marchese (lower left photo) of Morrison Commercial Real Estate represented Landlord in leasing 8,025± square feet to Connections Education at the Regions Bank Building located at 5401 S. Kirkman Road in Orlando, FL. 

Chris Sproles of CB Richard Ellis represented the Tenant in this transaction.

 Marchese also represented Omni Communications in leasing 6,400± square feet at 1133 Crown Park Circle in Orlando, FL. 

Contact:

Buffy Gillette

Tenant Advisory Services

407.219.3500 x 290 | 407.440.6650 direct

407.219.3501 fax

bgillette@morrisoncre.com

www.morrisoncre.com

Genesis Aircraft Parts Moves from Pasco, FL to Pinellas County, FL

CLEARWATER, FL. (Aug. 15, 2012) – With two brokers from the same real estate firm collaborating to make a multifaceted deal work, Commercial Asset Partners (CAP) Realty has announced the purchase of a 10,000-square-foot warehouse and office facility at 4944 113th Ave. in Clearwater to Genesis Aircraft Parts for $565,000.

 Genesis Aircraft Parts, represented by CAP Realty’s Paula Clair Smith, CCIM, had decided to move from a 5,250-square-foot facility it owned in Pasco County and relocate to Pinellas County.

CAP Realty’s Heidi Tuttle-Beisner, CCIM (top right photo), used her experience in Pasco to quickly secure a tenant, Schweitzer Engineering Laboratories, for Genesis’ former space in ComPark 75, located at 4446 Pet Lane in Lutz.

Meanwhile, Paula Clair Smith (lower left photo) evaluated the Gateway area's industrial availabilities, resulting in helping Genesis purchase its new space in Clearwater. The recorded owner was GRP Global Assets LLC, while the seller was listed as JB Systems, Inc., represented by Deron Thomas, CCIM, SIOR, of Industrial Realty Solutions, Inc.

"Knowing both the Pasco and Pinellas markets so well was critical in making these two deals happen quickly and efficiently," Smith said. "And we were able to get everything done in about a three-month timeframe."

Contact:

Noelle Anderson, APR

Principal & President

True Blue Communications

813.380.0314

Noelle@truebluetampa.com

www.CapRealtyPartners.com

DoubleTree by Hilton Increases Presence in India with Launch of Third Hotel

Goa, INDIA, Aug.15, 2012 – Hilton Worldwide today opened the newly-renovated, upscale, full-service DoubleTree by Hilton Goa-Arpora-Baga (top left photo), the third DoubleTree by Hilton hotel in India. 

Ensconced in a quiet setting, the 105-room hotel is located centrally just a few miles from the picturesque Baga (lower right photo) and Anjuna beaches.

 Ingo’s Saturday Nite Bazaar and Splash Water Park are both within walking distance from the hotel, and the Anjuna Flea Market also is close, making the hotel a comfortable and convenient base from which to explore the breathtaking coastline of North Goa. 

Formerly known as Riviera De Goa, DoubleTree by Hilton Goa-Arpora-Baga marks its new affiliation with a range of refurbishments that include refreshed guestrooms and public spaces, extensive landscaping, a new business center, up-to-date technology and an enhanced dining experience that encompasses the new restaurant Flame, which offers an extensive menu of Goan, Indian, Chinese and Italian delicacies. 

For a complete copy of the company’s news release, please contact:

Chris Daly

President

Daly Gray, Inc.

Ph: 703-435-6293

Cell: 703-864-5553

Brixmor Sells Five-Property Shopping Center Portfolio in Houston MSA

  

 HOUSTON, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of five shopping centers for Brixmor totaling 262,755 square feet in the Houston MSA. Terms of the portfolio sale were not disclosed.

The transaction included the sale of North 45 Plaza (top left photo), Tidwell Place Shopping Center and Lazybrook Shopping Center, all located in Houston; as well as Parkview West Shopping Center and Parkview East Shopping Center in Pasadena, Texas.

“These properties are among the first non-core assets offered for sale by New York City-based Brixmor since the company’s acquisition of Centro Properties in June 2011,” says Jerry Goldstein (lower  right photo), a first vice president investments in Marcus & Millichap’s Houston office and a senior director of the firm’s National Retail Group (NRG). Goldstein exclusively listed, marketed and sold the assets.

A Dallas-based private investor group acquired three of the shopping centers: North 45 Plaza, Tidwell Place and Parkview West. Lazybrook Shopping Center was purchased by an individual Houston-based private investor, while an Amarillo partnership acquired Parkview East.

For a complete copy of the company’s news release, please contact:

Stacey Corso

Public Relations Manager

(925) 953-1716

Westport Capital Acquires Agave Center in Tempe, AZ

 El Segundo, CA  – Real estate investment firm Westport Capital Partners LLC announced that it has closed on the purchase of Agave Center (top left photo) in Tempe, AZ.

 The acquisition includes five buildings of mixed-use property totaling 220,000 square feet. The portfolio includes three single-story office buildings, one 2-story office building, a flex industrial building, and 4.6 acres of land ready for development.

“Westport continues to add attractive, functional assets to our national portfolio that are in strong performing markets,” said Sean Armstrong (lower right photo), principal and portfolio manager with Westport. “This is our fourth investment in the Phoenix area, which continues to be a highly attractive market for owners and companies seeking a business-friendly environment.”

Agave Center is located on a 27-acre parcel near Warner Road and Interstate 10 in Tempe. The property is 76% leased and Westport Capital Partners is already working to accommodate the expansion needs of tenants. Westport plans to reinvigorate the leasing effort for Agave, similar to its successful strategy for its prior investments in Phoenix.

Dennis Desmond and Brian Ackerman of Jones Lang LaSalle represented both the seller and buyer in the acquisition.

Contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Griffin-American Healthcare REIT II Reports Second Quarter 2012 Results

  

 NEWPORT BEACH, CA– Griffin-American Healthcare REIT II, Inc. announced operating results for the company’s second quarter ended June 30, 2012. 

“Griffin-American Healthcare REIT II acquired 17 healthcare-related buildings for $144.5 million during the second quarter of 2012, representing portfolio expansion of more than 21 percent during the quarter, based on purchase price,” said Danny Prosky (top right photo), president and chief operating officer.

 “As a result of this growth, important financial metrics, such as modified funds from operations and net operating income, experienced year-over-year growth of approximately 188 percent and 148 percent, respectively, as compared to the second quarter of 2011.

 

“Including acquisitions completed subsequent to the close of the second quarter, the portfolio of Griffin-American Healthcare REIT II has nearly doubled in value since January 1, 2012, based on purchase price.”

For a complete copy of the company’s news release and statistics, please contact:

Damon Elder

delder@ahinvestors.com

(949) 270-9207

Voit Transaction Brings New Headquarters to Los Angeles for Expanding Garment Company.

Los Angeles, CA - David Fults (top right photo) and Brian McLoughlin of Voit Real Estate Services' Greater Los Angeles

office have successfully directed the $2.3 million sale of a 29,400

square-foot industrial property in Los Angeles, Calif. that will become the headquarters of an expanding garment company called Trim 4 Less, according to Voit. 

This property is located at 1410-1426 S. Santa Fe Ave., in close proximity to the artist loft and garment districts. 

Fults and McLoughlin completed the sale on behalf of the seller,

Rialto Capital, a national investment and management company.

"The sale market in Los Angeles has become very active in 2012," says Fults, a Senior Vice President in Voit's Greater Los Angeles office. 

"Our team leveraged that activity to generate competitive offers on the property, ultimately achieving a price that was 20 percent higher than recent industrial sales in the immediate area."

For a complete copy of the company’s news release, please contact:

Jenn Quader/Judith Brower

Brower, Miller  & Cole

http://www.browermillercole.com/

(949) 955-7940

JQuader@browermillercole.com

HFF hires Rhonda Toming as managing director in its Austin, TX office

AUSTIN, TX – HFF announced today that Rhonda Toming (top right photo) has joined the firm as a managing director in its Austin office. 

Ms. Toming will focus primarily on office and industrial investment sales throughout central Texas.  She has 28 years of experience in the commercial real estate industry. 

Prior to joining HFF, Ms. Toming worked as an investment sales broker at Oxford Commercial, an affiliate of Cushman & Wakefield.  Prior that, she worked with Fischer Financial in the investment division and as an investment sales broker at The Staubach Company beginning in 1997 prior to that.

Ms. Toming began her career in real estate at Dallas-based Hurd Development Company.  She graduated from the University of Texas and actively serves as vice chair on the executive board and management committee of Urban Land Institute’s Austin District Council. 

“The strategic addition of such an experienced industry veteran will be an incredible asset to the growth and development of HFF’s Austin office as well as HFF’s office and industrial sales platform.  We are very excited to have Rhonda on board,” stated senior managing director Sean Sorrell (lower left photo) of HFF Austin. 

Contacts:                         

SEAN SORRELL                                              

HFF Senior Managing Director                       

(512) 532-1900                                                   

ssorrell@hfflp.com    

                                            

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com  

Marcus & Millichap announces sale of 25.12 acre parcel in Apollo Beach, FL for $560,000

APOLLO BEACH, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Hemingway Landings, a 25.12 acre parcel of land located in Apollo Beach, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $560,000.

Paul Bouldin (lower right photo), a senior associate and land specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a limited liability company, was also represented by Bouldin. 

Hemingway Landings is located at 6560 Dickman Road.  Approximately 17.57 of the 25.12 acres are available for development and the property is located on a navigable canal with direct access to Tampa Bay and the Gulf of Mexico. “This was an exceptional buy for canal-front property on Tampa Bay” comments Bouldin. 

Press Contact:

Richard D. Matricaria

Regional Manager,

Tampa

(813) 387-4700