NAI Realvest completes Four Lease Agreements at West Orlando, FL Industrial Centers totaling over 15,800 Square Feet

Patty Nolff

WINTER GARDEN, FL – NAI Realvest recently completed four lease agreements for industrial space totaling 15,825 rentable square feet in Carter Commerce Center at 890 and 902 Carter Rd. in Winter Garden and at 940 W. Oakland Ave. in Oakland.

Michael Heidrich, a principal at NAI Realvest and Associate Patty Nolff represented local landlord Carter Commerce Center LLC, in a new lease of 5,625   square feet at 902 Carter Rd. The tenant is Motion Industries, Inc. of Birmingham, Ala. who was represented by Justin Ruby of Foundry Commercial. 

Heidrich and Nolff also negotiated a new lease with Top Style International, Inc. for 3,750 square feet at 890 Carter Rd. and a lease renewal of 3,750 square feet at 902 Carter Rd. with Logsdon and Associates, Inc.

In Oakland Heidrich and Nolff brokered a lease for 2,700 square feet at 940 W. Oakland Ave. representing landlord Countyline Suites LLC. Stratus Construction & Roofing, LLC is the new tenant.

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

HFF arranges $5.54 million in joint venture equity for Southern California retail center

  

Olivera Plaza, Victoria Avenue and Channel Islands Boulevard, Port Hueneme, CA

Greg Brown

NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $5.54 million in joint venture equity for the acquisition of Oliveira Plaza, a 116,000-square-foot retail center in the Southern California community of Port Hueneme.

HFF worked on behalf of Progression REI to arrange joint venture equity with an institutional equity investor.

Oliveira Plaza is situated on 9.31 acres at the premier intersection of Victoria Avenue and Channel Islands Boulevard.  The center, which is located in an affluent area of Ventura County, is directly adjacent to the Channel Islands Marina and is surrounded by 133,276 residents within a three-mile radius.

 Partially renovated between 2012 and 2013, Oliveira Plaza comprises six single-story buildings that are 92 percent leased.  Approximately 80 percent of the property income is generated by national credit tenants, including Big Lots, Bank of America, Rite Aid, Citibank, West Marine, Dollar Tree, Panda Express and Carl’s Jr. 

The HFF equity placement team representing Progression REI was led by director Greg Brown and associate Jamie Kline. 

“Oliveira Plaza meets our objectives because it is a great location within its market, it has a terrific lineup of tenants and it produces attractive returns for our investors,” said Jim Howard, Progression REI’s managing partner. 

“HFF played an integral role in successfully completing this transaction.  We were extremely impressed by Greg and Jamie’s execution, professionalism and perseverance throughout a long and challenging acquisition process.”

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

Kristen M. Murphy

Director, Marketing

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.progressionrei.com