Lincoln Harris Brokers Two Office Investment Sales in Charlotte for a Total of $5.15 Million

Jubal Early

CHARLOTTE, N.C. (May 22, 2015) — Lincoln Harris’ Charlotte office has arranged two office investment sales in Charlotte for a total of $5.15 million.

·      Jubal Early of Lincoln Harris arranged the $4.75 million sale of The Boxer Building, a 41,073-square-foot office building at 1000 W. Moreland Street.

Early represented the seller, Boxer Building LLC, in the transaction. Monte Ritchey of Legacy Real Estate Advisors, LLC represented the buyer.

·      Early, Faith Lampkins and Marshall Williamson of Lincoln Harris brokered the $407,320 sale of Eastover Medical, a medical office building located at 2612 E. 7th Street.

Early, Lampkins and Williamson represented the seller, COM-RAD Leasing Co., in the transaction. Jeff Taylor of Wilkinson & Associates represented the buyer, Leegale Partners LLC.

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)

sursery@thewilbertgroup.com

Marcus & Millichap Brokers $1.2 Million Sale of Jefferson Street Apartments in Hollywood, FL

Derek R. Gibbs

HOLLYWOOD, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Jefferson Street Apartments, a 14-unit apartment property located in Hollywood, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $1,200,000.

Derek R. Gibbs and Daniel J. Cunningham, senior associates, Evan Richardson, associate, and Tal I. Frydman, first vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Hollywood, Fla.  

The buyer was a private investor from Hollywood, Fla.

Built in 1969, Jefferson Street Apartments sits on a 0.25 acre site.  The property consists of (13) one-bedroom/one-bathroom units and one two-bedroom/one-and-one-half bathroom units.

Within minutes of Young Circle and Interstate 95, Jefferson Street Apartments is situated two blocks west of South Federal highway at 1928 Jefferson Street in Hollywood, FL. 

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

Ryan Nee

Regional Manager

Fort Lauderdale

(954) 245-3400

Marcus & Millichap Arranges Sale of Snow White Village Site in Kissimmee, FL

Paul Bouldin

KISSIMMEE, FL, May 22, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Snow White Village, a 12.86 acre parcel located in Kissimmee, FL, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. 

The asset sold for $3,321,000.

Paul Bouldin, Senior Associate, and Dan Mulkey, Vice President Investments, of Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller.  

The buyer, a developer, was secured by Paul Bouldin of Marcus & Millichap’s Tampa office. 

Snow White Village is located at 4567 Seven Dwarfs Lane in Kissimmee, FL.  

The land was originally a housing location for Disney employees that were brought to Central Florida from all over the world to work at Epcot’s various themed country pavilions. In 2006, the land was sold to a developer and approved for a new 630 room hotel, Marquis Orlando. The project was never built due to market conditions and changes to the credit environment.

Paul Bouldin, a land and development specialist at Marcus & Millichap was engaged to help market the property. Prior to this closing, the new buyer submitted plans for a 250 plus unit, market rate apartment project. Construction is scheduled to start this summer with a completion date of late summer 2016.

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

Richard D. Matricaria

Vice President/Regional Manager

Tampa

(813) 387-4700