Baird & Warner To Open New Office in Chicago’s South Loop

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Laura Ellis

 CHICAGO, IL — Baird & Warner, Chicagoland’s largest, locally owned, independent residential real estate services company, announced it has signed a lease for a new office located in the Transportation Building at 620 S. Dearborn St., which will be focused on providing brokerage, mortgage and title services primarily to the South Loop and its surrounding neighborhoods.

The new office builds upon the company’s exponential growth, marking its 28th location in the Chicago area and following two record-breaking years in revenues, including $7.2 billion in sales and 27,500 transactions in 2015.

Jim Psyhogios

“Baird & Warner has always been active in the South Loop, but with major developments like RiverLine and a massive 62-acre development bringing thousands of new residential units to the community, we’ll be well-positioned to leverage opportunities in this flourishing neighborhood,” said Laura Ellis, president of residential sales and the executive vice president of Baird & Warner.

“Our company has experienced record-breaking revenues for the past two years, and our expansion in the South Loop will build upon that success.”

The South Loop office is slated for occupancy at the end of the year. Like all of Baird & Warner’s offices, it will reflect the company’s one-to-one ratio, having a dedicated, noncompeting manager overseeing a single office.

Managing broker for the new location will be Jim Psyhogios, a real estate veteran and South Loop resident who has spent the last 20 of his 25 years in the industry providing brokerage services exclusively to the South Loop neighborhood. In fact, Psyhogios joined Baird & Warner earlier this year specifically to launch and manage the South Loop office.

“To have someone of Jim’s caliber leading our South Loop team speaks volumes about the success we envision for this new office,” said Ellis. “His knowledge and understanding of the neighborhood will be beneficial to everyone who walks in our door — whether they are a buyer, seller or an agent looking to join our family.”

“I’ve always been a champion of the South Loop as being one of most dynamic neighborhoods in Chicago, so I’m beyond excited to bring the best marketing and technology tools available to Baird & Warner’s broker associates, enabling them to make it easier for sellers and buyers to tap the neighborhood’s full potential,” said Psyhogios. 

   

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

www.BairdWarner.com

Lincoln Brokers Five New Office Leases Totaling More Than 49,000 Square Feet at One Eleven in Orlando, FL

  

Andrei Savitski

 ORLANDO, FL – Lincoln Property Company Southeast (Lincoln) has brokered five new office leases totaling 49,200 square feet at 111 N. Magnolia Ave. in Orlando. Austin Stahley of Lincoln represented the landlord in the transactions.

Details of the transactions are below:

·      Envy Labs signed a new 4,722-square-foot lease. Andrei Savitski and Paul Kelly of Coughlin Commercial represented the tenant in the transaction.

·      Houston International Insurance Group signed a new 5,569-square-foot lease. Andrei Savitski and Paul Kelly of Coughlin Commercial represented the tenant in the transaction.

·      Huitt-Zollars signed a new 13,667-square-foot lease. Andrei Savitski and Paul Kelly of Coughlin Commercial represented the tenant in the transaction.

·      Avyd Inc. signed a new 15,954-square-foot lease. Stahley represented both the landlord and the tenant in the transaction.

Paul Kelly

·      Ciber Inc. signed a new 9,288-square-foot lease. Jeff Streep of JLL represented the tenant in the transaction.

 “We’re very excited about the growth we’ve seen in Orlando during the last couple of years,” Stahley said. “We have signed more than 52,000 square feet of leases in the last six months at One Eleven, bringing the building to 92 percent occupancy.

“This gives us a lot of confidence for our upcoming developments, like our Tremont Plaza project, which will be the first new tower in downtown Orlando since One Eleven was built in 2008.”

One Eleven is a revolutionary 30-story mixed-use building in downtown Orlando comprising of a dynamic mix of retail, office and residential with breathtaking views of the skyline and Lake Eola. The 162,240-square-foot tower includes 10,000 square feet of retail space, 150,000 square feet of office space and 160 apartment units.

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

Savannah Durban

The Wilbert Group

404-343-0870

 sdurban@thewilbertgroup.com

NAI Realvest Brokers $610,000 Sale of Office-Retail Site In Orlando, FL

 

George Viele

 ORLANDO, FL – NAI Realvest recently negotiated the $610,000 sale of vacant development land at 4512 Old Goldenrod Rd. in Orlando.

NAI Realvest Associate George Viele negotiated the transaction on behalf of the local sellers, Edward W. and Elizabeth A. Carpenter.   

BRXW Holdings, LLC purchased the 1.23-acre tract which is zoned office-retail with 148 feet of frontage on South Goldenrod Rd. for a full service car wash.

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

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

Emerson International Negotiates Two Expansion Leases at Centerpointe II in Altamonte Springs, FL totaling 17,500 Square Feet

  

Kenneth Koch

Altamonte Springs, FL-- Emerson International recently completed two expansion lease agreements for a total of 17,535 square feet of professional office space at Centerpointe II, Emerson’s Class A office development at 220 E. Central Parkway in Altamonte Springs.  

Kenneth Koch, director of leasing for Emerson International negotiated both transactions on behalf of Emerson. 

Nirvana Health Services, a home healthcare provider, expanded for a total of 9,035 square feet and Preferred Plastic Surgery of Orlando, specializing in cosmetic surgery, expanded for a total of 8,500 square feet leased.

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

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

$7.5 million sale of 88-unit Lauderhill, FL apartment property arranged by marcus & Millichap

Viewmax Apartments, 2011 NW 55th Avenue, Lauderhill, FL

 

Daniel J. Cunningham

LAUDERHILL, 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 Viewmax Apartments, a 88-unit apartment property located in Lauderhill, Florida, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $7,500,000 equating to $85,227 per unit.

“The property has experienced high historical occupancy in large part because of Lauderhill’s infill location, high demographic density, and proximity to West Oakland Park Boulevard and Northwest 19th Street. 

The asset has averaged near 100 percent occupancy over the past several years,” says Daniel J. Cunningham, a vice president investments in Marcus & Millichap’s Fort Lauderdale office.

Cunningham along with Derek R. Gibbs, vice presidents investments, and Evan Richardson, associate, also 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 North Bay Village, Florida.  The buyer was a limited liability company from Plantation, Florida. 

Viewmax Apartments is a mid-rise, four-story, three-building, catwalk-style apartment complex. The property consists of 88 spacious, two-bedroom/two-bathroom units and has two elevators, on-site parking, laundry facilities on each floor and an on-site management office.

Located at 2011 NW 55th Avenue, the community sits on a 2.86-acre lot surrounded by condominiums of like age and composition and several entertainment venues. East of the community is the City of Lauderhill Aquatic Center, Mullin Park, and the Boys and Girls Club of Lauderhill. Immediately west is a Lauderhill Fire-Rescue substation and Royal Palm Elementary School.

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

Ryan Nee

Vice President / Regional Manager, Fort Lauderdale

(954) 245-3400

HFF arranges refinancing for waterfront hotel in downtown Charleston, SC

Courtyard Charleston Waterfront Hotel, Downtown Charleston, SC

ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a refinancing for the Courtyard Charleston Waterfront, a 179-room, Marriott Courtyard-branded hotel located near the historic district in downtown Charleston, South Carolina.

Michael Weinberg

Working on behalf of the borrower, JMH Hotels, HFF placed the seven-year, fixed-rate loan with Prudential Mortgage Capital Company.  Loan proceeds will be used to pay off an existing loan.

Overlooking the Ashley River, the Courtyard Charleston Waterfront features a terrace with water and marina views, outdoor waterfront pool, fire pit, whirlpool, state-of-the-art fitness center, 1,428 square feet of meeting and event space, four wet boat slips and The Ashley River Café, a breakfast restaurant serving American cuisine.

 The five-story hotel’s planned renovations will, among other improvements, convert the existing restaurant to The Bistro, a full-service restaurant with a bar. 

 Situated on 3.8 acres at 35 Lockwood Drive, the hotel is adjacent to the medical campuses of the Medical University of South Carolina, Roper St. Francis Hospital and the VA Hospital. 

The property is also located proximate to the Charleston Historic District and is two blocks from both U.S. Highway 17 and the terminus of Interstate 26.

The HFF debt placement team representing the borrower was led by managing director Michael Weinberg.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.jhmhotels.com.

HFF closes sale of Class A multi-housing community in suburban Houston, TX

  

Woodland Hills, 3918 Atascocita Road, Humble, TX

 

Chris Curry

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Woodland Hills, a 282-unit, Class A multi-housing community in the northeast Houston suburb of Humble, Texas.

HFF marketed the property exclusively on behalf of the seller, a joint venture between KKR and Crossbeam Concierge.  Interurban Corporation purchased the asset for an undisclosed amount.

Woodland Hills is located at 3918 Atascocita Road within a 15-minute drive of Generation Park, a deed-restricted, 4000-acre master-planned development that will include the FMC Technologies headquarters campus and the 52-acre Redemption Square corporate lifestyle district.

 Completed in 2009, the property has had an average occupancy above 92 percent during the past two years.  The gated, garden-style community has units averaging 880 square feet each and amenities, including a swimming pool with sundeck, fitness center, clubhouse, lounge and business center.

The HFF investment sales team representing the seller was led by managing director Chris Curry, senior managing directors Todd Stewart and Todd Marix and associate director JC Clemens.

Todd Stewart

“The Woodland Hills sale is indicative of the type of product that is finding success in the Houston market today – Class A and B assets in suburban locations with a low reproduction cost,” said Curry.  

“The interest in Woodland Hills began building immediately, and it went under contract before it was even formally launched to the market, a scenario that was mutually beneficial for all parties involved.”

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com