Voit Real Estate Services Represents Dolphin Partners in 72,650-SF Industrial Lease in Fontana, CA

14650 Miller Avenue industrial building in Fontana Commerce Center business park,
Fontana, CA

Walt Chenoweth

Fontana, CA (Feb. 11, 2014) – Voit Real Estate Services, a  leading  full-service commercial real estate provider serving the Southwestern U.S. market, is pleased to announce the completion of a 72,650 square-foot industrial lease on behalf of Dolphin Partners at 14650 Miller Avenue in Fontana.  The building is located in the Fontana Commerce Center business park.

Walt Chenoweth and Bob Woods represented Dolphin Partners in the lease of the 72,650 square-foot portion of a 186,118 square-foot building. 

Dolphin Partners approached Chenoweth and Woods when they were informed that their current tenant would be downsizing in the building.  American Bolt & Screw had reached out to Woods directly after receiving an email advertising the upcoming availability.

 Woods and Chenoweth worked quickly and diligently during negotiations and had terms that both parties agreed to before the current tenant had vacated the premises. 

American Bolt & Screw will occupy 72,650 square-feet in the larger warehouse building, which is owned by Dolphin Partners.  American Bolt & Screw signed a 5-year lease and will move to the premises in April, after the landlord completes additional build to suit office improvements. 

Bob Woods

Voit Real Estate Services is now an 11 office commercial real estate firm that, through its brokerage and real estate management professionals working together, provides strategic property solutions tailored to clients' needs. 

Combining more than 40 years of expertise in brokerage, investment advisory, financial analysis, market research, real estate management and tenant advisory,

Voit provides clients with forward looking strategies that create value for their assets and portfolios.

Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people.

Voit has owned, developed and managed over 55 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $40 billion in brokerage transaction volume.  Further information is available at www.voitco.com.

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

Walt Chenoweth        

Voit Real Estate Services

909.545.8007

wchenoweth@voitco.com

McCraney Property Co. Announces West Palm Beach Vista Business Park Two-Building, 100,000-SF Spec Industrial Project

Vista Business Park, off Okeechobee Boulevard and Jog Road, West Palm Beach, FL

Steven McCraney

WEST PALM BEACH, FL (Feb. 11, 2014) – McCraney Property Company announced it will be developing a new warehouse/distribution project on 7.2 acres in its Vista Business Park, located off Okeechobee Blvd. and Jog Road in West Palm Beach.  This is the first new construction at the park in five years.

 Designed by Jose Jaramillo of JJ Architectural Group, the new project consists of two Class A dock-high warehouse/distribution buildings, totaling approximately 100,000 square feet, featuring spaces from 5,000 to 50,000 square feet.

The state-of-the-art buildings will have clear heights of 24 feet and depth of up to 130 feet. The project fills the need for distribution space in the rapidly growing West Palm Turnpike corridor.

“There’s not a single square foot of Class A space left in northern Palm Beach County,” said Steven McCraney, CCIM, SIOR, president and CEO of McCraney Property Company.

“Vista’s great location enables our tenants to service customers from Broward County to the Treasure Coast. The project is strategically placed with excellent ingress and egress to and from the Florida Turnpike as well as I-95.”

 Site plans have been submitted to the county for approval with the groundbreaking expected in late Q1 of 2014. Financing was provided by City National Bank.  

Michael Falk

 Michael Falk of Michael Falk & Co., LLC, is the exclusive leasing agent for Vista Business Park and will be handling the leasing for this project. “The time is now,” said Falk.  “McCraney has always been ahead of market with his vision and strong financing partnerships.”

  

Vista Center is a 500-acre, Class A master-planned business park. Major tenants include The Florida Lottery, Trane Air Conditioning and ADT.  Vista Center was designated as a Critical Concern by FEMA and is among the first to have power restored in the event of an emergency.

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

Ashley Fierman

Account Coordinator

Boardroom Communications

afierman@boardroompr.com

Office: 954.370.8999

Cell: 954.330.1554

Don Silver

 (donsil@boardroompr.com)

Boardroom Communications

954-370-8999.

McCraney, (561) 478-4300

Crossman & Co. Hires Two New Staffers in Orlando, FL Office

  

John Crossman

 ORLANDO, FL, Feb. 11, 2014—Crossman & Co.President John Crossman announced he has hired two new staffers for the Orlando, FL office. They are Jennifer Jackson and Amanda Porter.  Jackson is a research analyst; Porter is a property manager.

Jackson has a degree in Business Administration from the University of Florida, where she worked in an administrative and support role. 

She has also worked for PlanSource and has experience with Adobe design software. Jennifer’s skills and experience will be a great asset to the Crossman & Co. team in creating polished and professional reports.

Porter recently moved to Florida with her husband and their two children.  She has an MBA degree from the University of Saint Mary in Kansas and was previously a Property Manager for Colonial Properties Trust and Usonia Enterprises

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

Claire Pagán

Phone  407.581.6223

Email   cpagan@crossmanco.com

Kirk Williams Joins Lincoln Property Company Southeast as Vice President of Retail Leasing

Kirk Williams

ATLANTA, GA (Feb. 11, 2014) – Kirk Williams, one of Atlanta’s foremost retail brokers, has joined Lincoln Property Company Southeast (Lincoln) as vice president of retail leasing.

Williams previously worked for nearly 12 years in the Atlanta office of Cushman & Wakefield, where he most recently served as associate director of retail services.

 Over the course of his career, he has represented both retail landlords and tenants. His numerous well-known clients have included Fado Irish Pub, PGA Tour Superstore, Hill Partners and Parkway Properties.

Before he specialized in retail leasing, Williams was a transaction manager in Cushman & Wakefield’s Corporate Services Practice Group, where he helped clients such as AT&T, Novartis and Lucent manage and optimize their real estate portfolios. He was named “Rookie of the Year” in Cushman & Wakefield’s Atlanta office in 2004.

Tony Bartlett

“We could not be more excited about the addition of Kirk Williams to head up our retail platform,” said Tony Bartlett, senior vice president at Lincoln who oversees the Atlanta office.

“He brings extensive retail expertise, wide-ranging experience, high energy and a deep familiarity with metro Atlanta and its submarkets.”

“Lincoln is an exceptional third-party service provider,” Williams said. “The company already has a strong platform in management, leasing, brokerage, acquisitions and dispositions. Lincoln and I are coming together at a great time, and I look forward to helping fuel the growth of our retail services offering. I’m excited about the opportunity.”

A graduate of Vanderbilt University and a four-year football letterman at the school, Williams is a member of the International Council of Shopping Centers, the National Association of Realtors, the Georgia Association of Realtors and the Atlanta Commercial Board of Realtors.

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com

ZipRealty Partners with the U.S. Army to Help Veterans Find Employment in Real Estate

Lanny Baker

EMERYVILLE, CA, Feb.11, 2014 – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the nation’s most prominent online technology-powered residential real estate brokerage firm and real estate marketing solutions provider, has partnered with the U.S. Army to help former soldiers find employment in as real estate agents.

The program, Partnership for Youth Success (PaYS), provides honorably discharged soldiers with a job interview and possible employment after serving in the Army.

“At ZipRealty, our business is all about finding people a home that’s right for them, much like PaYS helps soldiers find a workplace ‘home’ that’s right for them after they’ve served their country,” said Lanny Baker, CEO and President of ZipRealty.

“We’re proud to provide returning soldiers with a career option in the booming real estate sector, which offers limitless opportunities for success to outgoing professionals.”

“We are excited to now offer our soldiers future career opportunities as real estate agents at ZipRealty,” said Dr. Richard A. Lundin, Army Reserve Ambassador for California.

Dr. Richard A. Lundin

 “The Army benefits by gaining valuable industry partners like ZipRealty, who acknowledge the Army as a quality producer of skilled professionals. By committing to this partnership, ZipRealty gains access to individuals who have developed professional work habits and have been held to the highest standards of conduct in the military.”

  

PaYS has more than 500 partners, including corporations and public sector organizations.

Hiring More Agents a Top Priority for ZipRealty in 2014

ZipRealty stepped up its agent hiring and recruiting efforts in 2013 as the real estate market continued to improve nationwide, according to Mr. Baker. As of year-end 2013, ZipRealty’s agent count increased 13% compared to 2012.

“Whether just coming out of the Armed Forces, fresh from college or switching careers, we are searching for talented and hard-working people who are ready to benefit from one of the best real estate markets in years,” said Adam Lerman, National Director of Recruiting for ZipRealty.

 

“People who join ZipRealty as agents gain access to an incredible amount of qualified leads, along with the best technology tools in the industry. Namely, they will have access to our intuitive CRM platform, which is tied directly to those leads.”

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

Stacey Corso

Public Relations Manager

ZipRealty, Inc.

Office: 510.735.2667

Cell: 415.672.6460

www.ziprealty.com

Follow us on Twitter: @ZipRealty

Palm Beach County, FL Retail Center Sells for $19 Million

HSBC Plaza, 19120 South State Road 7, Boca Raton, FL

Douglas K. Mandel

BOCA RATON, FL, Feb. 11, 2014 – Marcus & Millichap, the nation’s largest real estate investment services firm, has arranged the sale of HSBC Plaza, a 46,000-square-foot retail shopping center with a freestanding CVS/pharmacy and an HSBC Bank branch outparcel in Boca Raton, Fla. The $19 million sales price equates to $415 per square foot.

            Douglas K. Mandel, a first vice president investments, and C. Todd Everett, SIOR, a senior associate, both in the firm’s Fort Lauderdale office, represented the seller, the property’s developer. Mandel and Everett also advised the buyer.

            “HSBC Plaza is a high-quality asset with a diversified tenant base and strong in-place cash flow in a prime west Boca Raton location that is supported by strong demographics,” says Mandel.

C. Todd Everett

            The property is located at 19120 South State Road 7 on the southeast corner of State Road 7—U.S. Highway 441—and Yamato Road near the Florida Turnpike and Interstate 95 in Boca Raton, Fla.

The location is within proximity of an upscale super-regional shopping center, Boca Town Center Mall and an upscale lifestyle center, Mizner Park.

            At the time of the sale HSBC Plaza was 95 percent leased to a variety of local, regional and national tenants including Med Express and Dunkin Donuts.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Three-Property Apartment Portfolio in Santa Monica, CA Trades Hands for $28.5 Million

Three-property apartment portfolio sale in Santa Monica, CA
The properties are 1033 3rd Street,  811 6th Street  and 1137 11th Street

Michael Hanassab

SANTA MONICA, CA, Feb. 11, 2014 – Marcus & Millichap, the nation’s largest real estate investment services firm, has arranged the sale of a 66-unit, three-property multifamily portfolio in Santa Monica, Calif.

 The properties are 1033 3rd St., 811 6th St. and 1137 11th St. The total sales price for all three properties is $28,500,000, which equates to $432,000 per unit.

            Michael Hanassab and Elliot Hassan, associates in the firm’s Los Angeles office, represented the buyer, a private investor.

Elliot Hassan

            “All three buildings have been renovated and were in turn-key condition at the time of the sale,” says Hanassab. “The properties are all north of Wilshire Boulevard in Santa Monica’s most prime multifamily submarket.”

            The property at 1033 3rd St. contains 32 units and was built in 1970. The building at 811 6th St. features 23 units and was constructed in 1972. The 11-unit 1137 11th St. property was built in 1963.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Hernando Perez Named Sales Manager of Marcus & Millichap’s Fort Lauderdale, FL Office

Hernando Perez

FORT LAUDERDALE, FL,  Feb. 11, 2014 – Marcus & Millichap, the nation’s largest real estate investment services firm, has named Hernando Perez sales manager of its Fort Lauderdale office, according to Gregory Matus, vice president and regional manager of the firm’s Fort Lauderdale office.

“Hernando’s commercial real estate knowledge and experience make him a strong asset for our investment sales professionals and clients in Fort Lauderdale and throughout South Florida,” says Matus.

Perez began his career with Marcus & Millichap in September 2011 under the firm’s sales intern program and became an agent in March 2013. His product specialty was multifamily investment real estate.

Prior to joining Marcus & Millichap, Perez was a licensed financial specialist and business banker for Wachovia Bank where he received multiple awards for outstanding sales and service.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Marcus & Millichap Names Robert Granda Sales Manager of Miami, FL Office

Robert Granda

MIAMI, FL, Feb. 11, 2014 – Marcus & Millichap, the nation’s largest real estate investment services firm, has named Robert Granda sales manager of its Miami office, according to Kirk Felici, first vice president and regional manager of the firm’s Miami office.

“Robert’s commercial real estate knowledge and experience make him a strong asset for our investment sales professionals and clients in Miami and throughout South Florida,” says Felici.

Granda began his career with Marcus & Millichap in December 2010 under the firm’s sales intern program and became an agent in March 2012. His product specialty was multi-tenant retail and he was a member of Marcus & Millichap’s National Retail Group.

Prior to joining Marcus & Millichap, Granda was a licensed financial specialist and associate vice president for Wachovia Bank where he provided personal and commercial banking and investment solutions to a wide range of clients.

Granda graduated from Florida Atlantic University with a Bachelor of Science degree in finance and received an M.B.A. from Nova Southeastern University’s Huizenga School of Business.

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

Gina Relva

Public Relations Manager

(925) 953-1716

12-Unit Apartment Building Sale in St. Petersburg, FL Handled by Marcus & Millichap

The Dunbar Apartments, 410 12th Avenue Northeast, St. Petersburg, FL 

Casey Babb

ST. PETERSBURG, FL, Feb. 11, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of The Dunbar, a 12-unit apartment property located in St. Petersburg, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $732,500.

Luis Baez

Casey Babb, CCIM, and associate vice president investments, and Luis Baez, senior associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor based in Florida.

 The buyer, a private investor from California, was secured and represented by Joshua Teplitzky, an investment specialist, Francesco “Frank” Carriera and Michael Regan, both vice presidents investments, in the firm’s Tampa office.

Joshua Teplitzky

The Dunbar is a 12-unit, value-add garden apartment community built in 1951 and located at 410 12th Avenue Northeast in St. Petersburg, Florida. 

This 1950s vintage community consists of twelve units housed in two, two-story concrete block buildings with exterior breezeways and a single, flat built-up roof system. 

Residents enjoy semi-private entries, private off-street parking with six covered spaces, and an on-site laundry facility.

Francesco 'Frank'
Carriera

“We continue to see strong investor demand for well-positioned, value-add properties which are not located in flood zones,” says Baez and Teplitzky.

 “This transaction was met with six offers within one week, thanks in part to the power of our platform and our internal collaboration culture,” adds Baez.   “We procured a California buyer with a 30-day close at a mid-five percent cap rate,” concludes Teplitzky.

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

Richard D. Matricaria

Regional Manager

Tampa, FL

(813) 387-4700

$390,000 Sale of Ederington Village Apartments in Brooksville, FL Brokered by Marcus & Millichap

Ederington Village Apartments, 60--98 Ederington Drive, Brooksville, FL

Michael Donaldson

 BROOKSVILLE, FL, Feb. 11, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Ederington Village, a 19-unit garden apartment community located in Brooksville, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The $390,000 sales prices equates to $20,526 per unit.

Michael Donaldson and Nicholas Meoli, both senior associates and Casey Babb, CCIM and associate vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the local seller, a private investor. 

Nicholas Meoli

The listing agents also procured the buyer of the property, a private investor, based in Brooksville.

Ederington Village is located at 60-98 Ederington Drive in Brooksville, Florida.  The property was built in phases between 1960 and 1968 and consists of six, single-story, concrete block buildings with pitched shingle roofs. 

Buildings are built on concrete slabs and the 1.05-acre site features mature landscaping.  The unit mix consists of a studio apartment and one- and two-bedroom units.  All one-bedroom units feature individual air-conditioning units, while the two-bedroom units offer central HVAC.

Casey Babb

"Numerous investors have been targeting secondary and tertiary markets, seeking value-add distress scenarios that are now typically extinct in major metropolitan areas, with this short sale being a prime example," says Donaldson.

"A local investor saw an opportunity to upgrade the community and alleviate the deferred maintenance which had created a shortfall in the occupancy level," adds Babb. "Ultimately, we were able close the transaction on an all-cash basis in less than 30 days, which marked our third multifamily closing in Brooksville in the last 12 months," concludes Meoli.

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

Richard D. Matricaria

Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges Sale of 12-Unit Apartment Community in Clearwater, FL

  

620 South Betty Lane Apartments, Clearwater, FL

Joshua Teplitzky

CLEARWATER, FL,  Feb. 11, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 620 South Betty Lane Apartments, a 12-unit apartment community located in Clearwater, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $527,000.

Josh Teplitzky, investment specialist, Francesco “Frank” Carriera and Michael Regan, vice presidents investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company based out of South Africa.  

Francesco
'Frank' Carriera

The listing agents also secured the buyer of the property, a local private investor.

This apartment community was built in 1965 and located at 620 and 622 South Betty Lane in Clearwater, Florida.  The property consists of two, two-story buildings comprising one-, two- and three-bedroom units. 

Amenities include two on-site laundry facilities, screened-in porches with all units, carports, additional storage space and central heat and air-conditioning.

“We generated several offers within the first week-and-a-half of marketing,” says Teplitzky. “The two highest bidders owned other multifamily properties in the local market and were looking to build economies of scale with the acquisition.”

“Other notable terms of this transaction included the property which had original 1965 flat roofs and the buyer who paid all cash at closing,” concludes Teplitzky.

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

Richard D. Matricaria

Regional Manager

Tampa, FL

(813) 387-4700

2013 Operating Results Announced by National Retail Properties Inc

Craig Macnab

Orlando, FL,  Feb. 11, 2014 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2013.

Craig Macnab, Chief Executive Officer, commented: "Growing FFO and AFFO per share results 8% in 2013 while deleveraging an

already strong balance sheet is the continuation of a trend during recent years.

“Over the past three years, we have been able to grow

FFO and AFFO per share results more than 25% while funding 80% of our $2.1 billion of acquisitions with permanent capital consisting of equity and asset disposition proceeds.

“We are well positioned to deliver solid per share growth in 2014 and we are optimistic this will be our 25th consecutive year of increased dividends per share.

“We will continue to build value by allocating capital to the disciplined acquisition of well underwritten retail properties, focusing on increasing per share results as opposed to asset size goals and maintaining a conservative and flexible balance sheet."

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

 As of December 31, 2013, the company owned 1,860 properties in 47 states with a gross leasable area of approximately 20.4 million square feet.

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

Kevin B. Habicht

Chief Financial Officer

(407) 265-7348

www.nnnreit.com.