Wednesday, May 24, 2017

Affiliate of The Easton Group Buys Newly Constructed Warehouse in Doral, FL for $21.8 million

Edward W. Easton

 Doral, FL— An affiliate of The Easton Group, an established commercial real estate firm based in Doral,  has acquired a new, 182, 000 square foot warehouse/distribution facility in west Miami-Dade County.   

EWE Airport North Logistics Center, LLC paid $21.846 million in cash to the seller, Ridge Development, which recently built the Class A facility. 

The Easton Group, which is handling leasing and management, is currently talking with potential tenants and expects to make an announcement about that soon.    

“This was an opportunity to add a quality asset to our portfolio at a time when industrial real estate continues to fire on all cylinders,” said Edward W. Easton, founder and chairman of The Easton Group. “We still see huge tenant demand for new construction in desirable locations like this one.  As a result, we believe we can secure top-of-the-market rental rates with some room to grow.”

The distribution facility is located on 10 acres at the corner of 87th Avenue and 90th Street west of the Palmetto Expressway with easy access to Miami International Airport and Port Miami.

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

Todd Templin
Boardroom Communications


NAI Realvest Negotiates Sale of 64-Acre Residential Development Parcel for $3.85 Million in DeBary, FL

Michael Heidrich
DeBary, FL – NAI Realvest recently negotiated the sale of a 64.217-acre residential development parcel on Spring Vista Drive in DeBary for $3,850,000.00. 

NAI Realvest Associate Daniel Blackford, CCIM and Principal Michael Heidrich represented the Seller Springview Heights LLC of Orlando.  The buyer, Winter Park-based Henin Springview, LLC was represented in the transaction by Jerome Henin of Premier International Realty. 

The property was sold with entitlements in place and a preliminary approval and engineered site plan for 195 single-family residential lots.

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

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

More Than $1.4 Million in Longwood, FL and Lake Mary, FL

Nancy Pombo
Orlando, FL – NAI Realvest recently negotiated sales of two office properties – one in Longwood and one in Lake Mary – totaling $1,437,500.00.

Michael Heidrich, principal at NAI Realvest and Associate Patty Nolff represented local seller Zohner Development Inc. in the sale of a 5,000 square foot office building at 1928 Boothe Circle in Longwood.  

Jules Investment LLC of Lake Mary purchased the property for $862,500.00.    Nancy Pombo of NCP Global Realty represented the buyer.

NAI Realvest Principal Tom R Kelley, II, CCIM represented the landlord in the sale of 153 Parliament Loop in Lake Mary for $575,000.00.   

The 4,000 square foot office condo was purchased by Lake Mary Holdings Group represented by John Tsesmelis of Castle Rock Realty & Management.

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

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

NAI Realvest negotiates $1.65 Million Sale of Winter Park, FL Industrial Property

Paul Partyka
ORLANDO, FL – Paul P. Partyka, CCIM, partner at NAI Realvest,  recently negotiated the $1,650,000.00 sale price for the industrial property located at 3454 Aloma Ave. in Winter Park.  .

Partyka represented the seller, Jacqueline Denton Trust of Indialantic, Fla.  Local businessman Faramarz Nasseri purchased the property consisting of a 22,600 square foot warehouse facility on 2.24 acres.  Abdel Kader of Premium Properties Real Estate represented the buyer  

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

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

Meridian Capital Group Arranges $6.5 Million in CMBS Financing to Refinance the Oceanfront Lexington Hotel in Miami Beach, FL

Jacob Schmuckler
New York, NY, May 24, 2017 – Meridian Capital Group, America’s most active dealmaker, arranged $6.5 million in CMBS financing to refinance the oceanfront Lexington Hotel in Miami Beach, FL.

The 10-year interest-only loan, provided by a CMBS lender, features a fixed rate of 4.66% and full-term interest-only payments. This transactions was negotiated by Meridian Senior Vice President, Jacob Schmuckler, who is based in the company’s New York City headquarters.

The Lexington Hotel, located at 4299 Collins Avenue, is a 143-room oceanfront hotel in the heart of Miami Beach. Guests enjoy direct access to Miami’s white sand beaches and the boardwalk.

Amenities include an outdoor pool and a poolside cafe, a guest laundry facility, a spacious meeting facility and secure off-site parking. 

The Lexington Hotel offers on-site dining at the Florida Grill Steakhouse and the outdoor Beaches Bar and Grill. Guests are in walking distance from four-star dining options at Blade, Scarpetta, and the Forge Restaurants. Nearby attractions include Jungle Island, Miami Children’s Museum, Bass Museum of Art and the Miami Seaquarium.

“The loan was maturing with the existing lender,” explained Mr. Schmuckler. “Thanks to Meridian’s excellent CMBS lender relationships, we were able to close the loan in 45 days on favorable terms,” he added.

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

Jonathan Stern
Meridian Capital Group

EagleBridge Capital Arranges $3.5 Million For Milford South Plaza in Milford, MA

Milford South Plaza, Milford, MA

Ted Sidel
Boston, MA -- EagleBridge Capital has arranged permanent mortgage financing in the amount of $3,500,000 to refinance Milford South Plaza located in Milford, Massachusetts according to EagleBridge principals Ted Sidel and Brian Sheehan who stated that the lender was a leading Massachusetts thrift institution.

Milford South Plaza is a 44,270 square foot retail plaza situated on a 5.13 acre site with parking for 237 vehicles at 146 South Main Street, (Route 140).  

The plaza is 100% leased to four tenants including Big Lots, Dollar Tree, The Milford National Bank, and Dunkin’ Donuts. The Milford National Bank and Dunkin Donuts are located in separate free-standing building.  

The property is managed by an affiliate of Summit Realty Partners of Lexington, Massachusetts.

Other retailers located nearby include CVS, McDonald’s, AT&T, Papa Gino’s, Ace Hardware, Planet Fitness, and Olympia Sports.

Brian Sheehan

Mr. Sheehan and Mr. Sidel stated, “We feel that Milford South Plaza enjoys a very strong retail location.  We were pleased to play a part in the refinancing of this property by our client.”

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for shopping centers, condominiums, apartments, office, industrial, r & d buildings, hotels, and mixed use properties as well as special purpose buildings.

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

Stanley J. Sidel
Senior Advisor
EagleBridge Capital
33 Broad Street
Boston, MA 02109
Tel: 617-292-7177 Ext. 300

The Keyes Company Names Joan Richardson Wellington, FL Office Manager

Joan Richardson
Wellington, FL, May 24, 2017 – The Keyes Company has announced the hiring of Joan Richardson as District Sales Manager for its Wellington office, which has enjoyed significant growth over the past year.

Previously, Richardson served as Assistant District Sales Manager of the company’s Boca Raton office for nearly 12 years. 

While in that role, she was named a Multi-Million Dollar Producer as a full partner on the Fannie Mae Listing broker team. 

Richardson was also the recipient of the President’s Elite Award in 2006, 2010, 2011 and 2012, and received the Circle of Excellence Award in 2013, 2014, 2015 and 2016.

YTD 2017, the Keyes Wellington office has generated a 32 percent year-over-year sales volume increase. Closed units are up 18 percent, with a 19 percent closed volume increase.

“We are excited to have Joan on board as a manager for our Wellington office,” said Keyes President and CEO Mike Pappas. “I have no doubt she will continue to help the team both personally and professionally, and continue to drive business.”

“I am honored to have the opportunity to manage the company’s Wellington office,” said Richardson. “Customer service, superior marketing and team work have always been important to me. I look forward to incorporating these values into my work and leadership skills in my new role.”

Before her time with real estate, Richardson worked as an Account Coordinator for Professional Direct Marketing and an Event Coordinator for Peak Seven Graphic Design Studio.

Mike Pappas
Richardson earned her Bachelor of Arts in Communication from the University of Central Florida.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate. In addition to Valore Group, Keyes has Platinum Properties, which is also a division of Keyes Luxury. The combined companies are a premier luxury leader.

Keyes annually sells $650 million in luxury homes priced at $1 million or more. The company expects to grow its annual sales volume in that category to more than $1 billion.

Keyes is a Founding Member and Shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries.
In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands.

Following the merger, Keyes and Illustrated are, together, the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States. In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the volume of their closest competitor.

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

Jasmin Curtiss
PR Coordinator, BoardroomPR

O 954-370-8999