Nation’s Largest Yacht Repair Facility Prepares to Service More Vessels in Fort Lauderdale, FL

Kurt Winselmann

FORT LAUDERDALE, FL  (Dec. 14, 2015) -- Lauderdale Marine Center (LMC) has announced that construction of boatyard enhancements is scheduled to begin and that the organization has added three new staff members in strategic positions. 

Improvements to the southwest portion of the upland property, scheduled to begin in February, will expand the boatyard’s capacity to accommodate six additional yachts up to 150 feet including multi-phase, multi-voltage power capabilities up to 480 volts and additional vehicle parking.

Renovations at the adjacent River Bend Marine Center also are scheduled to begin and will include new drainage, paving of the upland boat storage area and new landscaping as preparations are made to incorporate the property into LMC.

Lauderdale Marine Center also has announced appointments to three new positions:  President, Controller and Operations Director. 

  Doug West has been appointed as President.  Prior to joining LMC, West served as President of Rybovich for nine years. In his new role at LMC, West will focus on the continued development of the LMC brand and customer experience.  He is a resident of Palm Beach Gardens, Fla.

Lauderdale Marine Center, Fort Lauderdale, FL

Kurt Winselmann, a certified public accountant and United States Coast Guard-certified captain, has been appointed Controller and will manage financial activities. 

Winselmann brings 25 years of marine industry experience to LMC, including 21 years with Seaboard Marine as Controller of its Ship Management division and four years with Norwegian Cruise Line. He is a resident of Hollywood, Fla.

In her role as Operations Director, Jennifer Lang will manage the leasing, office administration activities, human resources and coordination of I.T. support.  Prior to joining LMC, Lang served as Regional Manager and Trainer for Bloomin Brands’ Carrabbas Italian Grill. She is a resident of Coral Springs, Fla.

For more information on Lauderdale Marine Center, please visit www.LauderdaleMarineCenter.com

  

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

Daniel Grant

Pierson Grant PR

6301 Northwest 5th Way, Suite 2600

Fort Lauderdale, FL 33309

ofc. +1 954 776.1999, ext. 235

mob. +1 954 684.5577

Lincoln Property Co., Invesco Buy Phoenix’s Historic Luhrs City Center

 

Luhrs City Center, 11-45 West Jefferson Street, Downtown Phoenix, AZ

David Krumwiede

PHOENIX, AZ – Lincoln Property Company (LPC) and Invesco Ltd. have purchased the historic Luhrs City Center in downtown Phoenix.

 The joint venture will next initiate a multi-million-dollar renovation that will evolve the landmark into a mixed-use blend of creative office space, ground floor restaurants and retail – part of a downtown resurgence that includes an active office market, thriving restaurants, sports venues and the early-2017 delivery of a directly adjacent, 19-story Marriott Residence Inn and Courtyard hotel tower.

Located at 11-45 W. Jefferson St. between Madison, Jefferson, First Street and First Avenue, Luhrs City Center includes two towers with 140,500 square feet of creative office space and a promenade with approximately 18,500 square feet of ground-floor retail space.

“When you think of iconic downtown Phoenix buildings, you think of Luhrs,” said Lincoln Property Company’s Executive Vice President David Krumwiede.

“They call the project ‘historically modern’ because it has a combination of deep roots and modern staying power. This makes it very relevant in today’s creative office market and a great site to enhance with dining and shopping – amenities that will raise Luhrs to its highest and best use in the downtown market.”

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Cypress Park West II Class A office building in Fort Lauderdale, FL fully leased

Jonathan Kingsley

FORT LAUDERDALE, FL – Cypress Park West II, a 118,000-square-foot Class A office building in Fort Lauderdale has signed a tenant for its last remaining space, bringing the building to 100 percent leased. 

The lease capped a period in which three other leases have been signed in the past three months, totaling 43,876 square feet.

Jonathan Kingsley, Executive Vice President of Colliers International South Florida, represents the landlord, Stockbridge Cypress Park West, LLC, in the building’s leasing.

Among the recent leases at Cypress Park West II are MSC Cruises’ renewal and expansion to 17,863 square feet; SAFCO, or Southern Auto Finance’s, renewal and expansion to 15,337 square feet; and Arte Bunkering, a worldwide supplier of bunker fuels and lubricants for vessels, new lease of 1,556 square feet.

“Though there is aggressive competition in the Cypress Creek submarket, our success at Cypress Park West is attributed to telling the marketplace about the value of the building, the quality of the landlord and its ability to cater to major corporations,” said Colliers’ Kingsley.

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

Leah Saunders 

Senior Account Executive

B2 Communications

p 727.895.5030 x104 | c 813.924.0367

www.B2Communications.com

Leasing Team at Atlantic Station Focuses on Entertainment and Fast Fashion

  

Adrienne Crawford

 ATLANTA, GA – SRS Real Estate Partners (SRS), which recently took over the leasing of the retail core at Atlantic Station in midtown Atlanta, is scouting restaurant and fashion tenants at this week’s International Council of Shopping Center’s (ICSC) New York National Deal Making Conference.

Houston-based Hines recently hired SRS to lease the property. The leasing team includes SRS executive vice president and market leader, Ray Uttenhove; vice president, Adrienne Crawford; and vice president, Lily H. Heimburger.

The team’s tenanting strategy at Atlantic Station reflects a shift under new ownership. “We’re targeting entertainment, restaurant and fashion tenants,” Uttenhove said.

“Currently, we’re talking to both regional and national retailers. We expect to announce exciting new names in early 2016. Our targeted tenants will respond well with the market and complement existing retailers, especially those in the fast fashion category.”

For more information on Atlantic Station, visit http://atlanticstation.com. 

 For more information on SRS, visit http://www.srsre.com. 

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

Liana Moran

404-748-1367

Lmoran@thewilbertgroup.com

Acclaimed Restaurant Design Firm, The Johnson Studio, and Design Firm, Cooper Carry, Combine Talent

 

Bill Johnson

Atlanta, GA -- Cooper Carry and The Johnson Studio are pleased to announce that they will join forces, effective Jan. 1, 2016. This new combination of architects and designers will enhance both firms' ability to further reach the hospitality industry by providing an expanded menu of services for both restaurant and hotel design.

Bill Johnson, president of The Johnson Studio said, "Over the past 25 years our firm has built an impeccable reputation for producing some of the most forward-thinking restaurant designs whether they are part of a hotel or free-standing. 

"This collaboration with Cooper Carry, one of the nation's most respected hotel designers, provides a platform for future services that we feel will be unparalleled.”

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

Hadley Creekmuir

The Wilbert Group

hcreekmuir@thewilbertgroup.com

404.343.4080

MHA Brokers Sales of Six Triad Region Apartment Communities for a Total of $37.1 Million

The Morehead Apartments, Northwest Greensboro, NC

CHARLOTTE, NC — Multi Housing Advisors (MHA) has arranged, in separate transactions, the sales of six apartment communities located in the Triad Region of North Carolina for a total of $37.1 million. 

These transactions, representing more than 800 units, were all closed in the last two months.

Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the sellers in the transactions. 

MHA has now brokered the sales of 14 properties in the Triad Region over the past 12 months, as the market continues to yield relative value in an environment of historic cap rate compression.

Ridgewood Apartments, West Greensboro, NC

“Activity has proliferated in the Triad region as investment capital continues to seek reasonable yields and is being pushed outside of the primary markets to markets like the Triad,” Robinson said. 

“With the Fed signaling a likely rise in interest rates, investors are moving swiftly to lock in rates and push deals over the finish line.”

Details of the deals are below:

·        New York-based Midway Investors sold The Morehead to WB Ventures for $11.2 million. The 204-unit property is located in northwest Greensboro, NC.

·        Atlanta-based QR Capital purchased Battleground Oaks from Carlisle Residential for $6.7 million. The 120-unit property was built in 1986 and is located in the north suburbs of Greensboro, NC.

Collegiate Commons Apartment, Greensboro, NC

·        Pennsylvania-based Titan Capital sold The Colony to Harvest Investments, based out of Wethersfield, CT, for $6.3 million. The 140-unit property is located in Burlington, NC.

·        Florida-based Tallahassee Apartments LLC purchased Ridgewood for $5.4 million. The 160-unit property is located in west Greensboro, NC.

·        A private individual purchased Collegiate Commons for $4.2 million. The student housing property, built in 2002, is located in Greensboro, NC and is comprised of 108 units and 324 beds.

·        New Jersey-based Engineering Partners purchased The Hedges from The Hedges of Greensboro LLC, based out of Hattiesburg, M.S. for $3.3 million. The 80-unit property is located in Greensboro, NC.

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

Deborah Rogers

Multi Housing Advisors

404.645.7275

drogers@usmha.com

Multi Housing Advisors Brokers Sale of Apartment Community in Savannah, GA Area

  

Waverly Station at the Highlands Apartments, Pooler, GA

Robert Stickel

 ATLANTA, GA — Multi Housing Advisors (MHA) has arranged the sale of Waverly Station at the Highlands, a 329-unit apartment community located in Pooler, Georgia.

 Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the seller, The Sterling Group. Based in Mishawaka, IN, Sterling is an aggressive owner, operator, and buyer of multifamily assets throughout the Midwest and Southeast. Gamma Real Estate and Somerset Partners purchased the property.

“Waverly Station at the Highlands is among the highest quality properties in the Savannah area featuring an excellent unit mix with spacious floor plans and an outstanding amenity package,” Stickel said.

“The investors purchased this unique, two-phase property due to its superior location in a thriving Georgia submarket, as well as its convenient access to major employers such as the Port of Savannah and Gulfstream.”

Built in 2010 and 2012, Waverly Station at the Highlands is a Class A property which draws from an affluent tenant base with an Average Household Income of $92,439 within a one mile radius. Waverly Station is located less than 15 minutes from Savannah/Hilton Head International Airport, Gulfstream Headquarters, and the recently opened Tanger Outlets.

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

Deborah Rogers

Multi Housing Advisors

404.645.7275

drogers@usmha.com