FrontDoor Communities Expands Atlanta Office with Addition of Rob Levin as Controller

Terry Russell

ATLANTA, GA-- FrontDoor Communities announced today that it has expanded its Atlanta office with the addition of Rob Levin as controller. Levin is a professional who brings extensive experience in financial and accounting management in the real estate industry to his new role.

“We are thrilled to welcome Rob to the FrontDoor team,” said Terry Russell, CEO and partner of FrontDoor.

 “Rob has a proven history of successfully managing corporate financials, and I’m confident he will be an excellent addition to our Atlanta home office. With many new projects in the future, his strong leadership and skillset will be invaluable.”

As controller, Levin will manage financials, accounting, and project teams. He brings more than 15 years of experience to FrontDoor.

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

Leigh Taylor

The Wilbert Group

404-263-9415

37,358-SF Assisted Living Facility in Lake City, FL Sells for $6.7 Million

WillowBrook Assisted Living, Lake City, FL

LAKE CITY, FL, May 16, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of WillowBrook Assisted Living, a 37,358-square foot assisted living facility located in Lake City, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

Krone Weidler

 The asset commanded a sales price of $6,700,000.

Ms. Krone Weidler, associate vice president investments and seniors housing specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the local seller, a limited liability company. Ms. Weidler also procured and represented the buyer of the property a private investor from Florida.

The WillowBrook Assisted Living facility is located at 1580 South Marion Avenue. This 37,358-square foot building sits on approximately 5.2 acres of land that includes a gazebo and pond.

Built in 2000 with an addition added in 2004 and 2007, WillowBrook is one of the new facilities in north central Florida. The facility caters to a private pay population with most residents needing some assistance.

“WillowBrook is a Class “A” asset with 64 units and 68 assisted living licensed beds,” Ms. Weidler said in a statement. 

“This type asset is in demand and buyers will continue to pay top dollar in the foreseeable future. Florida continues to be a popular destination for retirees and seniors housing continues to be a growth sector for investors” adds Ms. Weidler.

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

Richard D. Matricaria

Regional Manager

Tampa, FL

(813) 387-4700

U.S. Sen. Johnny Isakson to Deliver Keynote at NAREE Conference in Atlanta, GA

  

                                              Hilton Atlanta, Atlanta, GA

 ATLANTA, GA (May 16, 2013) — U.S. Sen. Johnny Isakson, R-Ga., will deliver the keynote speech at the National Association of Real Estate Editors (NAREE) 47th Annual Journalism Conference, set for June 5-8 in downtown Atlanta. Isakson, who has served in the Senate since 2005, will speak to the group Friday, June 7 at the Hilton Atlanta at 8:45 AM.

U.S. Sen. Johnny Isakson

NAREE is the only association for journalists and communications professionals covering residential and commercial real estate. 

The conference will bring leading editors, writers, columnists and bloggers from around the country to hear industry trends on home sales, mortgages and finance, new urban mixed-use development and green building.

 Sen. Isakson served as president of Northside Realty in Georgia for two decades and has sponsored several real estate-related pieces of legislation.

Mary Doyle-Kimball

“Senator Isakson’s first-hand knowledge of the real estate industry coupled with the legislation he sponsored – including the $8,000 tax credit for first-time home buyers – makes him a natural fit for NAREE’s audience of real estate journalists,” said Mary Doyle-Kimball, NAREE executive director.

NAREE President Kris Hudson, Wall Street Journal, will open the conference on Wednesday, June 5 at 8:30 a.m. Vice President Daniel Taub, Bloomberg News, will moderate a multifamily panel on June 6. 

NAREE Board Director Matt Valley, France Media is NAREE's Atlanta Conference Chair. Freelancers and staff reporters and editors from Reuters, Washington Post, Chicago Tribune, Los Angeles Times, New York Times, New York Post, Consumer Reports, Dallas Morning News, Inman News, MSN Real Estate,  AOL, Orlando Sentinel, Charlotte Observer and The Atlanta Journal-Constitution, among others are registered for NAREE’s conference.

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

NAREE: Mary Doyle-Kimball: 561-391-3599

Senator Isakson's Press Secretary: Lauren Culbertson: 202-224-3643

The Wilbert Group Atlanta: Tony Wilbert: 404-405-3656

www.naree.org.

Charles Dunn Company Completes $3.85 Million Sale of Retail Property in San Diego, CA

  

                                 Crosby Square Shopping Center, San Diego, CA

  

LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $3.85 million sale of Crosby Square, a 13,414-square-foot retail property with two second-story apartment units. 

Justin Mendelson

Situated in the southern Downtown San Diego submarket, the property is located at 1879 Logan Avenue, just off the I-5 Freeway and near the Coronado Bridge.

Justin Mendelson, Darrell Levonian, and Fred Sheriff of Charles Dunn Company represented the seller, Lee Family Trust from Newport Beach, Calif., as well as the buyer Crosby Square, Inc. from San Diego, Calif.  The closing capitalization rate was 6.75 percent. 

Darrell Levonian

Built in 1989, Crosby Square Shopping Center is situated on .55 acres of land and is 100 percent occupied.  There are a total of 11 retail tenants in the center as well as two apartment units.  The new owner plans some extensive re-positioning of the property in the appearance and tenant mix.

“This property has seen continued interest from several national retailers,” said Mendelson.  “The property is situated in an area called Barrio Logan which is a developing submarket in the area.  The buyer saw that growth potential, and saw the purchase as a long-term investment.” 

Fred Sheriff

Fred Sheriff commented: “Development has been underway for quite some time to upgrade the Barrio Logan area, which included the recent completion of a 93-unit apartment building just west of Crosby Square.  The changing demographic will require new retailers to serve their needs.”

The sales team also noted that the buyer obtained excellent new financing from Wells Fargo Bank.

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

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

www.charlesdunn.com

. 

National Retail Properties Inc. Declares Dividend for its 6.625% Series D Preferred Stock

Orlando, FL - The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable June 14, 2013, to shareholders of record on May 31, 2013.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. 

Kevin Habicht

As of March 31, 2013, the company owned 1,636 properties in 47 states with a gross leasable area of approximately 19.3 million square feet.

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

Kevin B. Habicht

Chief Financial Officer

(407) 265-7348

www.nnnreit.com

.

Colliers International Brokers $4.4 Million Cash Sale of South Dade, FL Land

  

19250 South Dixie Highway, Miami, FL 

 MIAMI, FL - Colliers International South Florida announced the $4.4 million all-cash sale of a 4.11-acre parcel of land at 19250 South Dixie Highway, Miami, Florida 33157.

Michael T. Fay

Representing the seller, Williamson South Miami-Dade LLC, were Michael T. Fay, Chairman-Founding Partner of Colliers International South Florida, and Xavier Cossard, National Director of the Colliers Automotive Retail Services (CARS) Group.

Xavier Cossard

Alan Esquenazi, Principal at CREC represented the buyer, Destiny Buildings, LLC. 

 

The new owner, a retail user, plans to occupy the majority of the site and develop the balance.

 "We feel that retailers are starting to move south outside of Miami's core," said Xavier Cossard. "Despite the complexity of putting together development deals today, we were able to complete the transaction in 40 days. We expect interest in South Dade retail to continue and increase."

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

Crystal Proenza

Vice President of Marketing

Colliers International South Florida

Commercial Real Estate Services

Tel: 305 476 7138

Email: crystal.proenza@colliers.com

 www.colliers.com

73-Room Former Days Inn in Mayfield, KY Sold by Marcus & Millichap

Former Days Inn, Mayfield, KY

Jonathan S. Ruprai

MAYFIELD, KY, May 14, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Former Days Inn, a 73-room exterior corridor hotel located in Mayfield, Kentucky, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

Jonathan S. Ruprai and Larry Hausman, senior associates in Marcus & Millichap’s Tampa, Florida and Louisville, Kentucky offices, had the exclusive listing to market the property on behalf of the seller, a financial institution.  Ruprai procured the buyer of the property, a Kentucky-based limited liability company. 

Larry Hausman

Aaron Johnson, broker of record in Kentucky, assisted in closing this transaction.

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

Richard D. Matricaria

Regional Manager,

Tampa, FL

813) 387-4700

NAI Realvest Paul P. Partyka is top commercial real estate executive three times at CFCAR Awards

Paul P. Partyka

ORLANDO, Fla. – Paul P. Partyka, Managing Partner at NAI Realvest in Maitland, earned a place among the area’s Top Ten Commercial Property Brokers in three separate categories during the recent Central Florida Commercial Association of Realtors (CFCAR) Awards Luncheon.

Hallmark Award-winner Partyka placed among the Top 10 area retail, industrial and land brokers.

Partyka sold and leased properties valued at more than $11 million last year.

Typically, commercial property brokers rank high in only one specialty area and less often in two.

Partyka, who joined NAI Realvest 13 years ago and formerly served as Mayor of Winter Springs, said he is proud of his three-fer distinction. 

“Central Florida’s commercial property market is rebounding at a healthy pace and next year I expect the competition will set the bar much higher,” Partyka said.

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

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

   

NAI Realvest Negotiates New Retail Lease for Once Upon a Child in Altamonte Springs, FL

LA Fitness Plaza, Altamonte Springs, FL

MAITLAND, FL– NAI Realvest recently negotiated a new retail lease for a new Once Upon A Child store in 3,100 square feet at LA Fitness Plaza at 4046 Montgomery Rd. in Altamonte Springs.

Mez Birdie, CCIM, director of retail services for NAI Realvest, negotiated the lease representing the tenant, Four Chix Outfitters, LLC doing business as Once Upon A Child.

Mez Birdie

 The landlord for the retail plaza, Altamonte/SSG, LLC, was represented by Rusty Brantley of Commercial Management Associates. 

 This is the sixth time Birdie has located Florida sites to lease on behalf of Once Upon A Child, a retailer that buys and sells gently used children’s clothing, toys and baby gear.

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

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

   

NAI Realvest negotiates renewal, expansion leases at Monroe CommerCenters North and South totaling 37,379 square feet of Industrial Space

Monroe CommerCenter North, Sanford, FL

MAITLAND, FL --- NAI Realvest negotiated lease agreements totaling  37,379   square feet of industrial space – two at Monroe CommerCenter South and one at Monroe CommerCenter North in Sanford.

Monroe CommerCenter South, Sanford, FL

 Michael Heidrich, a principal at NAI Realvest, represented landlord Maitland-based COP-Monroe LLC in a renewal lease with Total Mobility and Modification Services, LLC for 6,000 square feet occupied at 719 and 723 Progress Way in Monroe CommerCenter South. 

Michael Heidrich

  Heidrich negotiated an expansion lease of 5,625 square feet at 4140 Flex Court with tenant Facility Services Maintenance, Inc. who already leased 9,375 square feet at Monroe CommerCenter South and now occupies 15,000 square feet with the new space in three adjacent bays. 

 Heidrich represented the same landlord in a relocation and renewal agreement with Dixie Sporting Goods for 4,000 square feet at Monroe CommerCenter South.  The tenant, who was represented by Jared Bonshire of Cushman & Wakefield, relocated from 691 to 627 Progress Way under a new entity name of BSN Sports.

Jared Bonshire

At Monroe CommerCenter North, 4150 Church St., Heidrich negotiated renewal and expansion agreements on behalf of the landlord COP-Monroe North LLC with tenant SCT Performance LLC who renewed 16,916 square feet already occupied and expanded into an additional 4,848 square feet for a total of 21,754 square feet.

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

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

   

Berger Commercial Realty Broker Joseph Byrnes Closes Five Retail Leases in Fort Llauderdale, FL

Lauderdale Marketplace, Fort Lauderdale, FL

FORT LAUDERDALE, FL- Berger Commercial Realty Vice President Joseph Byrnes recently represented closed four lease transactions for Lauderdale Market Place Inc. and Lauderdale Marketplace Investments, LLC.

Property Address: 2946 N. State Road 7, Lauderdale Lakes, FL 33311

Landlord: Lauderdale Market Place Inc., represented by Joseph Byrnes

Tenant: Carl's Seafood Restaurant, Inc. Type: Retail Transaction: Lease Renewal Square Footage: 1,200

 Property Address: 2946 N. State Road 7, Lauderdale Lakes, FL 33311

Landlord: Lauderdale Market Place Inc., represented by Joseph Byrnes

Tenant: Fast-Tax, Inc. Type: Retail Transaction: New Lease Square Footage: 900

 Property Address: 3684 W. Oakland Park, Lauderdale Lakes, FL 33311

Landlord: Lauderdale Marketplace Investments, LLC, represented by Joseph Byrnes Tenant: Sweet Daddy Wings & More Type: Retail Transaction: New Lease Square Footage: 1,200

 Property Address: 2904 N. State Road 7, Lauderdale Lakes, FL 33311

Landlord: Lauderdale Marketplace Investments, LLC, represented by Joseph Byrnes Tenant: Radio Shack

 Type: Retail Transaction: Lease Renewal Square Footage: 2,200

Joseph Byrnes

 Byrnes also represented travel agency Pirates of Paradise, Inc., in the lease of 3,395 square feet office space from Oakland Commerce Center at 3215 N.W. 10th Terrace in Fort Lauderdale.

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

Marielle Sologuren

Pierson Grant Public Relations

msologuren@piersongrant.com

(954) 776-1999, ext. 226