Thursday, January 22, 2015

Groundbreaking Marks Start of Mesa, AZ Waypoint Office Campus

Rendering of planned Waypoint Class A office campus, Mesa, AZ

David Krumwiede
 PHOENIX, AZ, Jan. 22, 2015 – Officials from Harvard Investments, Lincoln Property Company (LPC), the City of Mesa and anchor tenant American Traffic Solutions (ATS) were on hand yesterday for the groundbreaking of Waypoint, a two-building, 258-square-foot Class A office campus in Mesa, Ariz., that is nearly 50 percent pre-leased to ATS.

ATS, a leader in road safety and toll management, will relocate more than 600 workers to fully occupy Waypoint’s 108,000-square-foot Building One.

A 152,000-square-foot Building Two will accommodate single- and multiple-occupancy users. Completion of Building One is scheduled for late 2015, at which time ATS will officially move its headquarters operations into the two-story accommodations.

Waypoint sits on a prime 19.55 acres along the Loop 202 freeway, adjacent to the 1.3 million-square-foot Mesa Riverview mixed-use project and less than one mile from the Loop 101, the new Cubs Spring Training Facility and the newly reconfigured Riverview Park.

Craig Krumwiede
“Waypoint will be an excellent addition to the Riverview employment district,” said Mesa Mayor John Giles. “It is a great location next to two busy freeways, shopping center and parks. I look forward to welcoming more projects like Waypoint to Mesa.”

“This is an exciting time to build in the Southeast Valley and ATS is a wonderful client to build for,” added Craig Krumwiede, President of Harvard Investments. “We’re excited to bring their new home to fruition – a truly dynamic place to work within a very high energy, high amenity environment.”

“Waypoint sits in a buzzing, contemporary office corridor that continues to earn great demand from both employers and employees,” said Lincoln Property Company’s Executive Vice President David Krumwiede.

“People want to be here, and that has allowed us to break ground on one building that is already 100 percent leased, and a second building that will soon round out this very valuable infill site.”

Mesa, AZ Mayor John Giles
Just six miles east of Phoenix Sky Harbor International Airport, Waypoint is conveniently accessed via Loop 101 at Rio Salado Parkway, and the Loop 202 at Dobson and Alma School roads. 

It is directly east of Mesa Riverview, a retail, hospitality and entertainment complex.

 It is also less than one mile from the new Cubs Spring Training Facility and the new Riverview Park, and within a few minutes’ drive to Arizona State University.

When completed, Waypoint will join an existing Hyatt Place Hotel, two existing, two-story office buildings and a 180-room, upscale brand Sheraton Hotel that is under construction now and scheduled to open in March 2015. The hospitality site amenities will include full-service restaurants, bars, swimming pool, fitness facility and more than 30,000 square feet of meeting and event space.

James D. Tuton
“This facility offers all of the things we looked for when choosing where to place our headquarters,” said James Tuton, CEO of American Traffic Solutions. 

“The opportunity to have a state-of-the-art facility built to our specifications, along with the easy access to major highways and the variety of restaurants, hotels and other shops, made this the perfect location for our new headquarters.”

“I’m thrilled to see the continued development of Riverview with the new Waypoint development,” said Mesa District 1 Councilmember Dave Richins. “I am pleased to welcome new corporate partners and employers to Mesa.”

Dave Carder, Luke Walker and Eric Schultz, from the Phoenix office of CBRE, lead the project’s marketing and leasing efforts.

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

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195

Lincoln Brokers Red Book Connect’s 12,000-Square-Foot New Lease in Alpharetta, GA

Preston Ridge IV, 3440 Preston Ridge Road, Alpharetta, GA

Hunter Henritze

 ATLANTA, GA (Jan. 22, 2015) – Lincoln Property Company Southeast (Lincoln) has brokered Red Book Connect’s 12,000-square-foot new lease at the Preston Ridge IV office building in Alpharetta.

Hunter Henritze and Michael Howell, both vice presidents of office leasing for Lincoln, represented the landlord, Equity Office Properties Trust, in the transaction.

 Michael Tucker of Scotland Wright Associates represented the tenant, which develops mobile restaurant management software.

The six-story Preston Ridge IV is a Class A, 150,320-square-foot office building at 3440 Preston Ridge Road in Alpharetta.

It features 4.5 parking spaces for every 1,000 square feet of space and also offers dramatic views of the Atlanta skyline to the south as well as surrounding north Fulton County.

Michael Howell
The building provides easy access to Georgia 400, North Point Parkway, Old Milton Parkway (Highway 120), North Point Mall and numerous restaurants, hotels and banks.

“We have enjoyed a long and successful partnership with Equity in the metro Atlanta area, and this transaction is just another example of the fine work Hunter and Michael have done on behalf of Equity’s portfolio,” said Tony Bartlett, senior vice president at Lincoln who oversees the Atlanta office.

 “With the North Fulton office market continuing to heat up, 2015 should be an excellent year for both Preston Ridge IV specifically and the entire submarket in general.”

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

Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

Lincoln Harris Brokers McGladrey and AmWINS Group’s Lease Expansions at Two Piedmont Town Center in Charlotte, NC

Campbell Walker

 CHARLOTTE, NC (Jan. 22, 2015) — Campbell Walker of Lincoln Harris’ Charlotte office has arranged two lease expansions totaling 11,000 square feet at Two Piedmont Town Center, located at 4725 Piedmont Row Drive in Charlotte. With the leases, the building is now 100 percent leased.

Walker represented the landlord in the transactions. Details of the leases are as follows:

·      McGladrey LLP expanded its lease by 5,000 square feet. Richard Schuham and Kevin Webb of Savills Studley represented the tenant in the transaction. The assurance, tax and consulting services firm now leases 32,000 square feet at the building.

·      AmWINS Group, Inc. expanded its lease by 6,000 square feet and extended the length for an additional six years. Jubal Early of Lincoln Harris’ Charlotte office represented the tenant. The insurance firm now leases 61,000 square feet at the building.

Piedmont Town Center is a Class A mixed-use development project in the heart of the SouthPark community featuring two office buildings totaling a combined 420,000 square feet, 87,500 square feet of prime retail space and 180 luxury residential units. 

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

Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

Waterton Associates Enters Houston Market with Acquisition of 320-Unit Apartment Community in Houston, TX

Villas at Hermann Park, Almeda Road, Midtown Neighborhood, Houston, TX

Matt Masinter
CHICAGO, IL – Waterton Associates LLC, a U.S. real estate investor and operator, has entered the Houston market with its acquisition of the Villas at Hermann Park, a 320-unit wrap-style rental community adjacent to Hermann Park and the Texas Medical Center, whose 54 institutions employ approximately 106,000 people, making it the largest collective employer in Houston and the world’s largest medical center.

Located on Almeda Road, just south of Houston’s Midtown neighborhood, the community offers a mix of one-, two- and three-bedroom residences across 12 four-story buildings, as well as two parking garages.

 It is the first property acquired by Waterton in 2015 and expands the firm’s footprint in Texas, where Waterton owns five other apartment communities in Austin and Dallas comprising approximately 1,400 units.

“Fueled by a robust and diversified economy, Houston has led the nation in job recovery since the recession, with employment in the city at an all-time high,” said Matt Masinter, senior vice president of acquisitions at Waterton.

Texas Medical Center
“This job growth has coincided with significant population gains – Houston added 138,000 residents between 2012 and 2013, more than any other metropolitan area in the country – creating strong demand for housing, especially in core, infill locations like the area around the Texas Medical Center.”

For leasing information, call (866) 518-1931 or visit

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

Abe Tekippe,, (312) 267-4528
Kim Manning,, (312) 267-4527

Marina Palms Yacht Club & Residences Chooses Coastal Construction to Build Second Tower in North Miami Beach, FL

Marina Palms Yacht Club & Residences, North Miami Beach, FL                 

Neil Fairman
North Miami Beach, FL (January 21, 2015) –  Citing reliability, timeliness and strong working relationships during construction of the first tower at Marina Palms Yacht Club & Residences, the developer has named Coastal Construction as general contractor, this time for the second tower at the luxury waterfront condominium in North Miami Beach.

The formal groundbreaking for the south tower is scheduled for mid-February.

“It was a natural fit to build the second tower with Coastal Construction,” said Neil Fairman, president of The Plaza Group.

“Construction of the north tower has been on schedule and together, we’ve learned a great deal about the nuances and subtleties of this project. 

"We’ve established a great working relationship with the onsite team from Coastal Construction and their subcontractors and look forward to further strengthening it.”

Tom Murphy Jr.
In 2013, Coastal Construction was selected to build the first, or north tower at the luxury waterfront project being developed by affiliates of The Plaza Group and The DevStar Group. The north tower is scheduled to be completed in summer 2015.

“We are honored to have been selected to construct the second tower,” said Tom Murphy Jr., Chairman and CEO of Coastal Construction Group. 

“We enjoy working with The Plaza Group and The DevStar Group on the first tower and look forward to completing their vision for Marina Palms.”

The development located at 172nd Street and Biscayne Boulevard just off the Intracoastal Waterway includes two, 25-story condominium towers with a combined 468 two-, three- and four-bedroom residences and penthouse units.

It will offer amenity-rich living and unparalleled services with one million square feet of livable space along a waterfront promenade.

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

Laura Burns
Account Director
Office: 954-370-8999
Cell: 617-921-5969

Nettleton Commons, Syracuse, NY

Stephen York
UNIONDALE, NY  -- Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, has funded its first loan under the newly launched Freddie Mac Small Balance Loan initiative for Nettleton Commons in Syracuse, NY.

The 61-unit, five-story property is owned and managed by Steven and Silvia West.

Stephen York, Vice President in Arbor’s New York City office, originated the five-year, fixed-rate, $4-million loan, which carries with it one year of interest-only along with 30 years of amortization. Eastern Union was the mortgage brokerage firm in the deal.

“The borrower was specifically seeking short-term, very low-interest financing to refinance this property and had previously worked with banks on previous deals.

“However, through our strong relationship with Eastern Union, we were able to introduce Mr. and Mrs. West to the new Freddie Mac Small Balance Loan offering, which was able to provide very competitive terms that weren’t available through other competing lenders,” York explained.

Ivan Kaufman
“Through this deal, we believe we received the best financing available in the market at the terms we desired, including the non-recourse provision, which is difficult to obtain with such a low rate,” borrower Steven West added. 

“This was our first agency loan and I believe we will focus on pursuing agency financing again in the future with Arbor.”

An historic property originally built in 1899 as a shoe factory, Nettleton Commons was rehabilitated into a multifamily building in 1988 and also contains nine commercial office spaces and one retail space. Steven and Silvia West have owned the property since acquiring it in 2007.

“As one of only a select few Freddie Mac Small Balance Loan lenders in the country, Arbor was pleased to be one of the very first to fund a loan under this highly competitive new program that serves the multifamily small loan market,” said Ivan Kaufman, Chairman and CEO of Arbor.

 “Arbor has more than two decades of history funding small multifamily loans and understands the expertise required to execute this product.” 

Nashwa Moussa
Nashwa Moussa, senior director of Freddie Mac Multifamily, said, “We are excited that our Small Balance Loan initiative is quickly gaining momentum in the marketplace and providing a strong financing option.

“ We look forward to working with Arbor Commercial Mortgage, which we partnered with as one of our first Small Balance Loan lenders specifically because of its deep-rooted small loan track record and experience that we knew would greatly enhance the program.”
For a complete copy of the company’s news release, please contact:

Christopher Ostrowski

Warnick + Company Named Asset Manager of Torrance Marriott South Bay and the Los Angeles Airport Marriott

Thomas Morone
LOS ANGELES, CA —Warnick + Company announced it has been appointed asset manager of two Los Angeles hotels, the 500-room Torrance Marriott South Bay and the 1,000-room Los Angeles Airport Marriott, by XLD Limited, the U.S. subsidiary of Sichuan Xinglida Group Enterprises Co., a China-based real estate investor.

“Having represented ownership throughout the acquisition process by providing due diligence and investment underwriting, it is especially gratifying to be selected to provide ongoing advisory and asset management services for these two spectacular hotels,” said Thomas Morone, managing partner of Warnick + Company’s L.A. offices.

 “XLD are smart, successful, savvy investors, and we are actively involved with them discussing upcoming renovation plans to improve the overall guest experience, including a 'great room' style lobby for the Torrance property and an expanded club lounge at LAX.”

Located at 3635 Fashion Way in the South Bay region of Los Angeles County, the Torrance Marriott South Bay is adjacent to the new Nordstrom’s.

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

Chris Daly
Daly Gray
(703) 435-6293

RealtyTrac Adds Data Industry Veteran Jon Cohn to Expand Data Product Offerings

Jamie Moyle
IRVINE, CA — RealtyTrac® (, the nation’s leading source for comprehensive housing data, announced that 30+ year data industry veteran and product management innovation executive Jon Cohn has joined the company as Senior Vice President of Data Products.

 In this role, Jon will leverage RealtyTrac’s expansive datasets into products that will benefit various industry verticals.

 Jon was previously with Acxiom Corporation for 16 years where most recently he served as Director/Group Product Leader.

“With the convergence of big data, analytics and multiple data sets in real estate and marketing industries, Jon adds a perfect blend of skills to our team and to this new role at RealtyTrac,” said Jamie Moyle, RealtyTrac CEO.

For more information on the Data Solutions offerings, go to or call 800-913-0439.

 For a complete copy of the company’s news release, please contact:
Ginny Walker
949.502.8300, ext. 268

Data and Report Licensing:

Andrea Byrge Heads Newly-Formed Lake Nona/Medical City Area Business Leads Group in Orlando, FL

Andrea Byrge

ORLANDO, FL--- A new Lake Nona / Medical City area Business Leads Group was recently launched in east Orlando.

Andrea Byrge, long-time area resident, chamber board member and marketing specialist with Stirling Sotheby’s International Realty is spearheading “Nona Business LEADers” which is targeted to have approximately 40 members. 

Lake Nona Golf and Country Club, Orlando, FL
Byrge said “Nona Business Leaders” will meet in Lake Nona on Thursdays from 8 to 9 a.m. and will include Lake Nona area small business executives and independent contractors to grow their businesses through relationships and referrals. Membership is limited to one business per category.

For further information and to apply for membership, telephone Andrea Byrge at (407) 687-8268 or email Andrea at

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

Beth Payan, Larry Vershel Communications, 407-644-4142

NAI Realvest Names Veronica Malolos Broker for Osceola and South Orlando Market Areas

Veronica Malolos

ORLANDO, FL -- NAI Realvest, one of central Florida’s largest commercial real estate services companies, recently named Veronica Malolos as broker.

Robin Webb, managing director at NAI Realvest, said Malolos has been a real estate broker in the Central Florida market since 2004. 

Robin Webb
Prior to joining NAI Realvest Malolos became managing broker in 2011 for Osceola County’s top-producing Remax residential office where she then became lead agent for the City of St. Cloud’s disposition of 17 commercial properties.       

Malolos, an established leader in Osceola County, is currently an Osceola County Planning Board Commissioner and vice chair of the county’s Affordable Housing Advisory Committee. She is also a trustee for the county’s Education Foundation Charter School Board.

She is an alumnus of “Leadership Osceola,” a past president of the Osceola County Assn. of Realtors and is the 2014 District 12 vice president for the state association, “Florida Realtors.”

Webb said at NAI Realvest, Malolos will specialize in commercial real estate sales and leasing in the Osceola and south Orlando markets.

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

Beth Payan, Larry Vershel Communications, 407-644-4142

NAI Realvest Closes Industrial Property Sales totaling over $1.4 Million in Seminole County, FL

Kristen Kemp
ORLANDO, FL – NAI Realvest recently negotiated the sales of three industrial properties located in Oviedo, Sanford and Longwood totaling 20,600 square feet and $1,417,000. 00.

Paul P. Partyka and Juan Jimenez at NAI Realvest represented the seller Akron, Ohio based ALH Properties, PLL in the $650,000 sale of a 10,000 square foot industrial flex building at 572 South Econ Circle in Oviedo.  Buyer GIV Investments purchased the property for expansion.

Michael Heidrich, principal at NAI Realvest and associate Kristen Kemp negotiated the $400,000 sale price on behalf of Calin Properties Inc., seller of a 5,000 square foot industrial building at 110 Rand Yard Rd. in Sanford. 

The local buyer, Platinum Granite of Sanford, LLC was represented in the transaction by James Lettieri of Hybrid Realty.  

In Longwood Heidrich represented sellers Dennis L. and Barbara Jarvis of a 5,600 square foot industrial facility at 1608 Cherrywood Lane. Local buyer MVP Property Group LLC paid $367,000 for the property and was represented by Scott Nance of Future Home Realty. 

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

Beth Payan, Larry Vershel Communications, 407-644-4142

NAI Realvest negotiates new Lease for marketing center of new senior living development in Orlando, FL’s Baldwin Park Neighborhood

Natalee Gleiter

ORLANDO, FL— NAI Realvest recently negotiated a new lease agreement for 3,001 rentable square feet in suite 245 at 2420 S. Lakemont Ave. in Baldwin Park that will be the marketing center for a new Winter Park Towers development on the shores of Lake Baldwin.

Jason G. Toll, director of the industrial services group at NAI Realvest, brokered the transaction representing the local tenant, Westminster Services. 

Jason G. Toll

The landlord, IX WR 2420 South Lakemont Dr, L.P. C/O Starwood Capital GroupTiger Investment Group, Inc. of Washington, D.C. was represented by Natalee Gleiter of Jones Lang LaSalle.

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

Beth Payan, Larry Vershel Communications, 407-644-4142