Hold-Thyssen Negotiates Long Term Lease with Arby’s Restaurant at Enterprise Plaza in Orange City, FL

Darby Hold

ORANGE CITY, FL --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated a five-year lease renewal for 3,156 rentable square feet at Enterprise Plaza, 2499 Enterprise Rd. in Orange City.

Darby Hold, transaction specialist at Hold-Thyssen, negotiated the lease representing Landlord, Florida Premier-Enterprise LLC, based in Fraser, Mich.

The tenant, RTM Operating Company d/b/a Arby’s Restaurant has been a tenant at Enterprise Plaza for nearly two decades.  Arby’s has 3,400 locations nationwide.

Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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

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

  

Marcus & Millichap Handles Punta Gorda, FL Sale of Deep Creek Plaza

  

James Medefind

 PUNTA GORDA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Deep Creek Plaza, a 12,776-square foot retail property located in Punta Gorda, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

James Medefind, senior associate, and Armando Rodriguez, associate, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured by Alex Bouchard and Gus Lagos, senior associates in Marcus & Millichap’s Houston office. 

Deep Creek Plaza is located at 2000 Rio De Janeiro Avenue in Punta Gorda, Florida. The 12,776-square foot, SunTrust anchored shopping center was built in 1988 and renovated in 2013.

It is occupied by an attractive tenant mix including a consumer bank, beauty salon, pizza restaurant and other local tenants. The plaza is ideally located within Deep Creek at the four-way intersection of Rio De Janeiro Avenue and Rampart Boulevard.

“Through our firm’s national process, we were able to access the largest buyer pool possible, which ultimately generated three offers in a short period of time and three back up offers after going to contract,” says Rodriguez. “This benefited the seller because the selected buyer, who was in a 1031-exchange, not only offered the highest price, but had the strongest terms giving the seller the best net proceeds and ease of close

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

Richard D. Matricaria

First Vice President

Regional Manager

Tampa, FL

(813) 387-4700

25-Unit Terrace Square Apartments Sold for $1.19 Million in Tampa, FL Deal Brokered by Marcus & Millichap

Casey Babb

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Terrace Square Apartments, a 25-unit apartment community located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,190,000.

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

The buyer, a private investor, was secured and represented by Adam Podbelski, associate, Michael Donaldson, vice president investments, and Nicholas Meoli, vice president investments, all in firm’s Tampa office. 

Terrace Square Apartments is a 25-unit, garden community located at 12211 North 59th Street in Tampa, Florida between the University of South Florida and Temple Terrace.

Adam Podbelski

The property consists of 10 single story buildings with 13 two-bedroom/one-bathroom units averaging 762 square feet, 11 two-bedroom/one-bathroom units averaging 687 square feet and one, three-bedroom/one-bathroom unit with 1,200 square feet. 

Units feature semi-private entrances and patios with the majority featuring updated kitchens, bathrooms and tile floor throughout.

“In collaboration with another team within our office we were able to drive value to the seller by delivering maximum pricing for the property achieving a sale at 99 percent of the list price,” says Baez. 

“Further, financing for the buyer was sourced through our internal Marcus & Millichap Capital Corporation allowing us to efficiently navigate all the moving parts to a successful closing.”

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

Richard D. Matricaria

First Vice President

Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges Sale of 65,510-SF All American Self Storage in Longwood, FL

Michael A. Mele

LONGWOOD, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of All American Self Storage of Longwood, a 65,510-square foot self-storage facility located in Longwood, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

Michael A. Mele, senior director of the firm’s National Self Storage Group and senior vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Mele.

“Mike has assisted us with self-storage over the past 13 years. Self-storage has been great for my family and me, and we could not have done it without Mike’s help,” said the seller.

All American Self Storage of Longwood is located at 460 Florida Central Parkway in Longwood, Florida. The property is only 2.4 miles east of Interstate 4 and just south of West State Road 434, and is part of the Orlando MSA, one of the most visited tourist destinations in the world. All American Self Storage of Longwood includes a one-story facility containing 65,510 net rentable square feet.

There are currently 91 climate controlled units and 449 non-climate controlled units. The storage units range in size from 25 to 800 square feet. This facility also has 12 rentable parking spaces to accommodate RV, boat and vehicle storage.

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

Richard D. Matricaria

First Vice President

Regional Manager

Tampa, FL

(813) 387-4700

Avanath Capital Management Enters Pacific Northwest Market

John R. Williams

IRVINE, CA (March 21, 2016) – Avanath Capital Management, LLC, a private real estate investment manager that specializes in affordable and workforce housing, has acquired two affordable multifamily assets, including Silver Springs, a 251-unit property in the Seattle metro suburb of Kent, Washington, as well as Oak Village, a 117-unit property in Oakland, California.  

Silver Springs is the firm’s first acquisition in the Pacific Northwest.

“The Seattle metro is booming with potential, making it a highly competitive market that is extremely attractive for investors,” explains John Williams, President and Chief Investment Officer of Avanath. 

“The market’s growing technology sector, mass transit infrastructure, and manufacturing industry are driving employment in this region, which translates to enormous demand for affordable housing.

“In addition, our Oak Village acquisition boasts a prime location in a market with access to thousands of jobs in the tech and financial industries. Given the strong correlation between job creation and rent increases, these acquisitions demonstrate our commitment to targeting markets where affordable housing is most needed.”

These two acquisitions constitute the last two assets purchased through Avanath Affordable Housing II, LLC, an institutional fund with $200 million in equity commitments. Avanath is currently working toward closing its third institutional fund.

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

Katie Kea / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

kkea@browermillercole.com

Arbor Funds $67M in Multifamily Deals Across Southeast and Western U.S.

Crogman School Lofts, Atlanta, GA

Joe Charneski

UNIONDALE, NY (March 21, 2016) - Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of 17 loans totaling  $67,903,000 across Oklahoma, North Carolina, Georgia, New York, Alabama, Florida, California and Texas under Arbor’s Freddie Mac Small Balance Loan, Fannie Mae DUS®, Fannie Mae DUS® Multifamily Affordable Housing and Arbor Realty Trust Bridge programs.

Joe Charneski, Vice President in Arbor’s New York, NY, office originated each of the loans.

 “As demonstrated by this collection of loans, Arbor is providing investors the personal service and customized loan products they need to take advantage of today’s strong seniors housing market conditions,” Charneski said.

“Arbor has the nationwide expertise that’s required to meet borrower demands no matter where they do business, including unique one-stop-shop bridge to permanent financing that satisfies investors short- and long-term financing needs.”

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

Christopher Ostrowski

costrowski@arbor.com

Mortgage Bankers Association Reports Commercial/Multifamily Mortgage Debt Outstanding Grew at a Strong Pace in 2015

Jamie Woodwell

WASHINGTON, DC --  The level of commercial/multifamily mortgage debt outstanding increased to $2.83 trillion in the fourth quarter of 2015, an increase of $59.7 billion, or 2.2 percent, over the third quarter, according to data collected by the Mortgage Bankers Association (MBA).

On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2015 was $184.5 billion higher than at the end of 2014, an increase of 7.0 percent.  

Multifamily mortgage debt outstanding rose to $1.06 trillion, an increase of $35.4 billion, or 3.4 percent, from the third quarter and $99.8 billion, or 10.4 percent, from the fourth quarter of 2014.

“During 2015, commercial and multifamily mortgage debt grew by the largest amount since the series began in 2007; multifamily mortgage debt grew at the fastest pace since that series began in 1993; and the amount of commercial and multifamily mortgage debt held in agency and GSE portfolios and MBS, and on bank balance sheets, grew more than in any previous year on record,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.

”At the same time, the amount of mortgage debt held in commercial mortgage backed securities (CMBS) continued to decline.  While 2015 marked many new records, recent market and regulatory changes have the potential to impact the availability of commercial and multifamily mortgage debt during 2016.”

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

Ali Ahmad

aahmad@mba.org

(202) 557-2727

Bull Realty Awarded Leasing Assignment for 400,000 SF Office Portfolio in Georgia

Sean Williams

ATLANTA, GA (March 21, 2016) —The National Office Group of Bull Realty has been chosen to handle leasing for Continental Property Group’s approximately 400,000 SF Georgia office portfolio. The portfolio includes four buildings in Peachtree Corners and one in Johns Creek.

Vacancy in the Peachtree Corners submarket has grown to 28.6%, so the owners sought more assertive leasing practices to improve occupancy. Veteran office brokers Sean Williams and Michael Brown were chosen at Bull to lead the assignment.

“These park like settings provide a great opportunity for businesses looking for a quality environment at below market rates,” says Williams.

The Peachtree Corners buildings in Technology Park are convenient to the Country Club of the South, Dunwoody and North Fulton’s best neighborhoods. There are numerous restaurants and shopping options nearby, including many popular brands as well as The Forum.

The Johns Creek office building is well positioned on Abbotts Bridge Road where the average household income within 3 miles is $149,000.

Michael Brown

Current tenants include international technology and digital information businesses, software companies, innovative building materials development and optical products manufacturers among other successful organizations.

For more information contact Bull Realty at 404-876-1640 or Info@BullRealty.com

Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services. The firm also produces and hosts The Commercial Real Estate Show (www.CREshow.com).

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

Melissa Henry

Communications Associate

Bull Realty, Inc. 

50 Glenlake Pkwy, Suite 600

Atlanta, GA  30328

404-876-1640 x 110

NAI Realvest Negotiates Four New Office Leases in East Orlando, FL

Mary Frances West

ORLANDO, FL – Mary Frances West, CCIM, Vice President at NAI Realvest recently negotiated four new office leases totaling 6,373 rentable square feet at two office buildings in East Orlando.

West represented Landlord Ripley’s International, LLC at La Vina Marketplace, 9145 Narcoossee Rd. in negotiating three professional office lease agreements:   

Bell Senior Care, Inc., a home healthcare provider leased 1,458 rentable square feet;

Dr. Raijose Rosa, Chiropractor leased 1,610 square feet; and Comprehensive Spine & Regenerative Medicine who already leased 6,505 square feet at LaVina Marketplace leased an additional 2,087 square feet bringing their total leased space to 8,592 rentable square feet.   

Jason Schmidt of Stockworth Realty Group represented the expanding firm.   

At The Citadel III, 5950 Hazeltine National Drive, West represented Sublandlord Horace Mann Service Corporation based in Springfield, Ill. in a sublease to Corvana Corporation, an IT professional services firm who subleased suite 630 with 1,218 square feet.

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

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