MCA Realty Acquires Multi-Tenant Business Park in North Las Vegas, NV

Walnut Business Park, Las Vegas, NV

Las Vegas, NV  (Oct. 17, 2016) – MCA Realty, a full service real estate investment and management company, has acquired Walnut Business Park, a 92,056 square-foot value-add industrial business park in the northern submarket of Las Vegas.

The firm acquired the property at a significant discount to its replacement cost, and plans to strategically reposition the asset to create long term value, according to Tyler Mattox, Principal at MCA Realty.

Tyler Mattox

“Select value-add opportunities still exist in the Las Vegas market,” says Mattox.  “The industrial market in north Las Vegas has demonstrated a tremendous recovery over the last several years and continues to absorb space.

“In fact, 2016 marked the region’s strongest year since 2008.  This consistent economic growth, coupled with increasing demand for small and mid-bay industrial product throughout the region, makes this acquisition a logical addition to our existing portfolio.”

Mattox notes that new construction for “big box” industrial product has increased dramatically over the last two years, while demand for smaller spaces continues to outpace supply. 

At the end of the second quarter of 2016, approximately three million square feet of “big box” product was under construction in Las Vegas, while new construction for smaller industrial product remains relatively nonexistent.

 “This lack of available supply for smaller multi-tenant industrial buildings is placing upward pressure on rental rates and is driving demand for assets such as Walnut Business Park,” says Mattox.

MCA Realty's principals, Tyler Mattox, Jared Gordon, and Peter Cheng, have successfully navigated a full spectrum of market conditions, and pride themselves on building and maintaining strong relationships with industry partners.

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

Lexi Astfalk / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

LAstfalk@browermillercole.com

www.mca-realty.com.

Hold-Thyssen Negotiates 12 Leases at Kirkman Commerce Center in Orlando, FL for More than 27,000 Square Feet

Alex Rowlinson

WINTER PARK --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated 10 leases for office/flex space totaling 27,529 rentable square feet at Kirkman Commerce Center in Orlando.

The Hold-Thyssen leasing team of Troy Stevens and Alex Rowlinson negotiated the transactions on behalf of the South Florida landlord at the 124,283 square foot commercial complex.

At 701 S. Kirkman Rd. in Kirkman Commerce Center Stevens and Rowlinson negotiated new or expansion lease agreements with these tenants: 

American Premier Security and Sound, Inc., 2,400 square feet

Florida Corporate Branding LLC 3,600 square feet;

First Brazilian Baptist Church of Orlando, 1,672 square feet;

Precision Security & Fire LLC, 758 square feet;

Najac Tax & Consulting Services LLC, 586 square feet;

MA3-1 Cleaning Services, 544 square feet; 

Lease renewals were signed at the 701 building by tenants

Trans Global Communications for 13,200 square feet and

Sew For You LLC, 571 square feet.

At 773 S. Kirkman Rd. in the Commerce Center, Mortgage Financial Group, Inc. leased 1,043 square feet, Generational Wealth, LLC leased 891 square feet and First Option Tax LLC leased 421 square feet at 775 S. Kirkman Rd.

At 775 S. Kirkman Rd.  Mystic Travel Inc. signed a three-year expansion agreement.

The Hold-Thyssen team negotiated these 12 deals adding to a total of 17 lease agreements completed after the Kirkman Commerce Center was sold late last year to a new South Florida investor owner.

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

Hold-Thyssen Negotiates Two New Office Leases in Tampa Bay, FL Area

                                              

Theresa Margaris

Tampa / Clearwater, FL --- Hold-Thyssen, Inc. recently negotiated two new long-term lease agreements totaling 2,569 rentable square feet at office facilities in the Tampa Bay area. 

Leasing Associate Theresa Margaris at Hold-Thyssen’s Clearwater office, negotiated the transactions representing the landlords.   

At Westchase Commons, 13015 W. Linebaugh Ave. in Tampa Margaris represented the landlord Tampa Rejuvenation Holdings, LLC in the lease of 1,620 square feet to Pedro Soler, M.D.  a successful plastic surgery practice relocating to the newly constructed building with build-to-suit shell units.  

At Terrace Court, 11424 N. 53rd St. in Temple Terrace,   Margaris represented the landlord Pylon, LLC in a lease agreement with Freeman Support Care Services Corp. a home health company providing Medicaid Waiver Services who is doubling its space at the office building at Terrace Court.

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