CBRE Closes $23.65 Million Sale of Altamonte Springs, FL Apartment Communituy

Lakeshore Apartment Homes, Altamonte Springs, FL

Orlando, FL– CBRE Capital Markets arranged the sale of Lakeshore Apartment Homes, a 224-unit rental community in the Altamonte Springs area of Orlando.

Located at 210 Altamonte Bay Circle, the lakeside property was acquired from a private equity group based in Denver by a Canadian investment firm for $23.65 million.

CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction.

“Seminole County and Altamonte Springs are highly coveted by multifamily investors due to the excellent public schools and proximity to major white-collar employers,” said Mr. Granade, Executive Vice President of CBRE Capital Markets, Multifamily.

“The Lakeshore sale was particularly competitive given its premier location on Lake Orienta, and the asset’s strong potential for increased net operating income long-term through modest property enhancements.”

Luke Wickham

Currently 97% occupied, Lakeshore is situated on the 142-acre recreational lake, Lake Orienta, just 15 minutes from downtown Orlando.

 Built in 1986, the community offers scenic water views and amenities that include two clubhouses, a fitness center, tennis court and a resort-style pool.

The property is located within walking distance to a Publix Super Markets-anchored shopping center, the Altamonte Mall, Crane’s Roost Park and Florida Hospital Altamonte.

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

Elizabeth Cross or Daniel Jimenez

+1 305 428 6373 +1 407 839 3191

elizabeth.cross@cbre.com

 daniel.jimenez@cbre.com

NAI Realvest Negotiates Six Industrial Leases at Orange and Seminole County CommerCenters totaling 35,900 Square Feet

                     Michael Heidrich

ORLANDO, FL– NAI Realvest recently negotiated six lease agreements for more than 35,900 rentable square feet at Orlando, Casselberry and Sanford industrial centers. 

Michael Heidrich, principal and Kristen Kemp, associate at NAI Realvest negotiated a new lease for 16,500 square feet at Hanging Moss CommerCenter representing Landlord Hanging Moss SPE, LLC.  

Orange County leased the space at 6136 Hanging Moss Rd. in Orlando and was represented in the transaction by Chris Sproles of CBRE.  

Heidrich also negotiated a lease renewal for 2,000 square feet occupied by EuroCar Clinic, Inc. at 6148 Hanging Moss Rd. and the following leases at additional industrial centers:

A new lease of 3,000 square feet to Big Prospects Baseball & Softball Academy LLC. at 211 Reese Way in Casselberry representing the Longwood landlord, Justin Time Developers, LLC.    

A new lease of 4,240 square feet at 4265 Church St. in Monroe CommerCenter South. Heidrich represented Landlord Monroe South SPE, LLC and the local tenant, Clements Filter Products, Inc. was represented by Paul Osborne of Venture I Properties;

Kristen Kemp

Heidrich represented the same landlord in a renewal agreement with Advanced Van & Truck Equipment of Sanford who occupies 5,000 square feet at 4141 Incubator Ct. at Monroe CommerCenter South;

 At Goldenrod CommerCenter, Heidrich negotiated another lease renewal with Invacare Corporation of Elyria, Ohio for 2,206 square feet occupied at 1468 N. Goldenrod Rd.  Goldenrod SPE, LLC is the landlord.

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

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

   

NAI Realvest Senior Broker Associate Mary Frances West Completes Five Office Leases for over 7,600 rentable square feet in Orlando and Lake Mary, FL

ORLANDO, FL – An NAI Realvest senior broker associate completed five leases in May and June alone totaling 7,622 rentable square feet at office buildings in the Airport and East Orlando submarkets, downtown Orlando and Lake Mary.

Senior Broker Associate Mary Frances West, CCIM represented RREF Interchange–FL Rouse, LLC of Daytona Beach in a lease agreement with Advantage Point Corporation d/b/a Signal 88 Security. The tenant leased Suite 120 with 1,380 square feet at University Court, 3361 Rouse Rd. in Orlando.

   At the same address West negotiated another new lease agreement with Hub Enterprises, Inc. of Broussard, La. for suite 145 with 1,122 square feet of office space.   

In downtown Orlando West negotiated a new lease for 1,626 square feet representing the tenant, American Financial Advisors, Inc. for suite 1005 in the Seaside Building at 201 S. Orange Ave. Catherine Reeves of Highwood Realty represented the landlord, HIW-KC Orlando, LLC. 

Catherine Reeves

West brokered a renewal lease agreement with tenant Altenesol, LLC for the 824 square feet in Suite 290 of The Citadel III building at 5950 Hazeltine National Drive near Orlando International Airport.   She heads the leasing team for landlord Citadel Partners, LTD.

At Primera Court I, 725 Primera Blvd. in Lake Mary, West completed a renewal agreement for Suite 215 with 2,670 square feet leased by Jensen Hughes Inc. f/k/a Hughes Associates, Inc.   West represents Landlord RREF Interchange-FL, Primera I, LLC of Daytona Beach.

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

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

   

Colliers International Tampa Bay’s Amanda Cooper moves from valuation division to become Director-Multifamily Investment Sales

Amanda Cooper

TAMPA, FL (June 23, 2015) – Colliers International Tampa Bay has named Amanda Cooper as Director-Multifamily Investment Sales, as she brings significant experience in the multifamily market from her previous role as Multifamily Market Leader for the Florida valuation team.

Cooper and her valuation team worked on multifamily transactions, refinances and owner valuations totaling 125,000 units and nearly $7 billon in value over the past three years.

 With over 10 years of industry expertise, she has established a reputation for offering a high standard of customer service, which she brings to brokerage.

John Stone

In her new role, Cooper will partner with John Stone, CCIM, Principal & Managing Director, Multifamily Housing for Colliers International Tampa Bay.

Cooper’s responsibilities include investment sales, business development, managing existing client relationships, property analysis, marketing analysis, financial underwriting/modeling, and transaction management.

She has focused on multifamily assets since 2009, working on everything from garden apartments and urban high-rise rentals to mixed-use assets, fractured condominiums and affordable housing throughout Florida.

She also works closely with Colliers’ Capital Markets team for multifamily finance needs, including new loans, refinance, debt/equity, mezzanine, and other capital markets structures.

Prior to joining Colliers, Cooper worked for CBRE in Tampa and in Kansas City, and earlier in her career worked with PricewaterhouseCoopers in its Financial Advisory Services division.

Lee Arnold

“Amanda has been a tremendous leader on our multifamily valuation team, and we are excited that she is bringing that experience to the brokerage side,” said Lee Arnold, CEO of Colliers International Tampa Bay, Central and Southwest Florida.

 “Teaming with John Stone, she will provide unique value to our multifamily clients, given her background, as valuations have risen to historic levels.”

For the latest news from Colliers International, visit Colliers.com or follow us on Twitter (@ColliersIntl) and LinkedIn.

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

Leah Saunders

B2 Communications

(727) 895-4030, ext. 104

Leah@B2communications.com