Altís Sand Lake Apartments Becomes Largest Green Certified Multifamily Community in Orlando, FL

L-R: Max Stamos VP of Management, Michael Luzier President & CEO of  Home Innovation Research Labs, Christina Webb VP of Development, Joel Altman Chairman/ CEO, Jeff Roberts President/ COO, Kyle M. Abney Abney + Abney Green Solutions

ORLANDO, FL – The Altman Companies has a lot to celebrate in Orlando. It just finished up construction on the 315-unit Altís Sand Lake in the Dr. Phillips neighborhood.

 A ceremony was held Wednesday, April 13 at Altís Sand Lake and at the same time, the company was awarded the National Green Building Standard (NGBS) Green Certification by Michael Luzier, president and CEO of Home Innovation Research Labs.  

Joel Altman

Altís Sand Lake is the largest NGBS Green Certified multifamily community in Orlando, in terms of number of certified buildings. The development has 13 separate buildings.

The NGBS is an ANSI-approved national rating system used to gauge the performance of residential construction based on six key categories: energy efficiency; water efficiency; resource efficiency; lot development; operation and maintenance; and indoor air quality.

NGBS Green Certification is provided by Home Innovation Research Labs, an accredited third-party testing and certification agency and an independent subsidiary of the National Association of Home Builders.

“We are very proud that our company has achieved its first NGBS Green Certification,” said Joel Altman, chairman of The Altman Companies. “We at Altman are committed to see that our residents have an Exceptional Living Experience, and we are also environmentally conscious and care about a sustainable lifestyle. At Altís Sand Lake, we are able to give our residents both.”

“Attaining our third-party ‘seal of approval’ allows quality-minded builders like The Altman Companies to distinguish their properties from the competition,” according to Luzier.

 “Earning NGBS Green Certification means going beyond what’s simply required by code, to provide consumers with a better place to call home – an energy cost-saving, healthier, and more comfortable place to live. I applaud Altman for making this commitment at Altís Sand Lake for the benefit of its renters and the larger community.” 

Altís Sand Lake is located at 7118 Altís Way.

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

Ashley Fierman

Account Executive, BoardroomPR

afierman@boardroompr.com

O 954-370-8999

C 954-330-1554

Bank of America Plaza | 1776 N. Pine Island Road

Suite 320 | Plantation, FL 33322

 www.AltisSandLake.com

Stolz Partners Breaks Ground on Independence, a 430-acre mixed-use community in Gwinnett County, GA adjacent to Bay Creek Park

 

Phillip Galbreath

ATLANTA, GA –– Stolz Partners announced the groundbreaking for ‘Independence’, a 430-arce mixed-use community at the intersection of Ozora Road and Highway 20 in Gwinnett County, adjacent to Bay Creek Park and Grayson High School. 

 When complete, the development will extend along both sides of Highway 20. The residential portion of the community adjoins Bay Creek Park, while the retail and commercial part of the property abuts Grayson High School.

 The commercial portion of the development is over 90 acres and approved for more than 590,000 square feet of improvements with access to three existing, full median breaks along Highway 20 with active traffic signals.

Independence will include some 760 homes comprised of single family homes and townhomes with proposed pricing ranging from the mid-$200s to the $500s.

“Independence is a significant new development in one of Gwinnett County’s most desirable locations,” said, Phillip Galbreath, partner, Stoltz Partners.

 “We are focusing on the natural beauty of this expansive property and creating a lifestyle that complements the picturesque landscape, with streams and wooded areas comprising approximately 20 percent of the community.

“Our goal is to design a traditional neighborhood that appeals to first-time homebuyers, those moving up to a larger home, or empty nesters who are downsizing.  We will offer a broad array of neighborhoods within Independence that will create a well-designed walkable community with a traditional hometown feel.”

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

Gayle MacIntyre

Global Ink Communications

404.643.8222

Marcus & Millichap Handles $1.75 Million Sale of Wallysburg Apartments in St. Petersburg, FL.

 

Jason Hague

ST. PETERSBURG, FL, April 18, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada,  announced the sale of Wallysburg Apartments, a 24-unit apartment property located in St. Petersburg, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,750,000.

Jason Hague, associate, Nicholas Meoli, vice president investments, Michael Donaldson, vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a government agency, was secured and represented by the three brokers.  

Wallysburg Apartments is a 24-unit multifamily apartment community located at 5006 1st Street North in Saint Petersburg, Florida. The property was constructed in 1974, and consists of three, two-story buildings that sits on .87 acres of land.

The building is comprised of ten, one-bedroom/one-bathroom units which range in size from 600 to 675 rentable square feet; five, one-bedroom/one-bath units with a den which are approximately 675 rentable square feet and nine, two-bedroom/one-bathroom units which are approximately 775 rentable square feet.

Michael Donaldson

The property is situated just minutes from two major thoroughfares, U.S. 19 and Interstate 275. It is also just three miles north of downtown St. Petersburg, one of the fastest growing and most sought after metropolitan areas in Florida.

“Through our national and international marketing campaign we generated six offers in less than sixty days including three within five percent of the asking price,” says Hague. “The property is very well located just minutes from downtown St. Petersburg and is surrounded by a multitude of employment centers.

“ Despite several challenges with the property’s current condition, we were able to solidify a buyer that closed on a cash basis within the contract timeframes.”

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

Walden Landing Apartments in Plant City, FL Sold for $2.57 Million in Deal Brokered by Marcus & Millichap

Ned Roberts

PLANT CITY, 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 Walden Landing, a 44-unit apartment property located in Plant City, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,575,000.

Ned Roberts, associate, Nicholas Meoli, vice president investments, and Michael Donaldson, vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. 

The buyer, a private investor, was secured and represented by Luis Baez, senior associate in the firm’s Tampa office. 

Walden Landing is a 44-unit apartment community centrally located between Tampa and Lakeland at 305 West Grant Street in Plant City, Florida.

 Built in 1986, the community consists of three, two-story buildings comprised of eight, one-bedroom/one-bathroom units with 524 rentable square feet, eight, one-bedroom/one-bathroom units with 650 rentable square feet, 16 two-bedroom/two-bathroom units with 776 rentable square feet and 12 three-bedroom/two-bathroom units with 1,100 rentable square feet.

Nicholas Meoli

Walden Landing features a sparkling swimming pool, on-site leasing center, laundry room and washer/dryer hook-ups in most units.

“The sale of Walden Landing further solidifies the movement of capital into secondary and tertiary markets to achieve greater yield,” says Donaldson.

“With prices continuing to climb in all markets in Florida, suburban areas such as Plant City are attracting investors with more prevalent higher return class “B” value-add opportunities such as Walden Landing,” adds Roberts.

“The buyer of Walden Landing was attracted to the desirable unit mix, good location and ability to push rents higher through management efficiencies and property upgrades,” concludes Baez.

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 $1.5 Million Sale of Family Dollar & Hotel Liquidators Site in Largo, FL

Dan Mulkey

LARGO, 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 Family Dollar & Hotel Liquidators, a 16,875-square foot retail property located in Largo, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,500,000.

Dan Mulkey, Michael Donaldson and Nicholas Meoli, all 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 Jamie Medress, senior vice president investments, and Mark Ruble, first vice president investments, both in the firm’s Phoenix office. 

Family Dollar & Hotel Liquidators is a two-tenant net-leased property located at 1442 North Missouri Avenue in Largo, Florida.

 The center is situated with great frontage on U.S. Alternate 19 North, a busy thoroughfare running north/south through Pinellas County. This is a highly desirable retail location benefiting from over 260,000 people living within a five mile radius.

The property sits adjacent to a Walmart, and directly across the street from a new WaWa gas station, LA Fitness, TJ Maxx, Ross, Shoe Carnival and Dollar Tree.

“This two-property, net-leased investment is in an excellent location in the Clearwater market,” says Mulkey. “Although older, the Family Dollar has recently renovated their store showing their commitment to this site. Hotel Liquidators is a local tenant with strong historical sales. These two tenants provide the buyer with exceptional returns going forward.”

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

David Holcombe Joins Crossman & Co. in Atlanta, GA

David Holcombe

ATLANTA, GA -- Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has announced that David Holcombe has joined the leasing team as a senior associate.

Holcombe brings an impressive nine-year industry track record of building relationships, strategic planning, and negotiating new leases and renewals.

 He has sold and leased commercial real estate retail properties in the Atlanta area and throughout the Southeast by establishing close working relationships with retailers, business owners, landlords, and tenant representation.

“We are delighted David is joining our leasing team, particularly given our growth and the overall positive momentum of the firm in the market,” said Crossman & Company Chief Operating Officer John Zielinski, CCIM. “His passion for the industry, strategic vision and creating deep client relationships reflects our values and goals.”

Holcombe comes to Crossman & Company from WRS Realty in Atlanta, where he was a senior leasing agent. He holds a Bachelor of Business Administration degree in Commercial Real Estate from the University of Georgia.

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

 Mike Bonts @ mbpr

(904) 424-6641

www.crossmanco.com.