JLL completes $39 million sale of I-10 Industrial Portfolio

         

Rendering of I-10 Distribution Center, Phoenix, AZ

Bo Mills

PHOENIX, AZ – JLL’s Capital Markets experts announced the firm completed the sale of the I-10 Distribution Portfolio in Phoenix on behalf of DCT Industrial. Colony Northstar purchased the portfolio, which consists of two institutional grade warehouses totaling 558,465 square feet, for $39 million.

Managing Directors Bo Mills and Mark Detmer and Vice president Ryan Sitov led the JLL team on the sale.

“Phoenix is one of the best bets for industrial product right now,” said Mills. “The demand is high, and fully leased, well-maintained buildings such as these often stoke a competitive bidding process.”

Added Detmer, “We have seen the Southwest Phoenix area’s vacancy dip from about 20 percent in 2009 to nearly 10 percent at the end of 2016. This is a trend we think will continue as Phoenix serves as the Southwest’s logistics hub.”

The assets are located at 101 North 103rd Ave. and 101 North 104th Ave., and are 279,186 square feet and 279,279 square feet respectively. Both buildings offer flexible space with cross-dock capabilities and the ability to accommodate either single or multi-tenant layouts.

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

Scott Sutton        

Phone: +1 312-228-2863

Email: Scott.Sutton@am.jll.com

NAI Realvest Negotiates $342,500 Sale of Genesis Office Condo in Altamonte Springs, FL

 

Mary Frances West

ORLANDO, FL  – NAI Realvest recently negotiated the sale of a 2,238 square foot Genesis office condo at 815 Orienta Ave. in Altamonte Springs.   

Mary Frances West, CCIM Vice President at NAI Realvest, represented the seller Design Enterprises, Inc. of Winter Park in the sale to SLT Holdings LLC principals of MJS Designs, who paid $153 per square foot or $342,500 for the property

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

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

NAI Realvest Completes Four New Industrial Leases at Poinciana CommerCenter East in Kissimmee, FL

Veronica Malolos

KISSIMMEE, FL – NAI Realvest recently closed four long-term lease agreements with new tenants for industrial space totaling 11,610 rentable square feet at Poinciana CommerCenter East in Kissimmee   Michael Heidrich, principal, negotiated all four leases on behalf of the landlord Small Bay Partners, LLC of Maitland.

Daniel Blackford

NAI Realvest Osceola County Broker Veronica Malolos, CRB and Broker Associate Daniel Blackford, CCIM represented the tenant Center State Automotive Inc. in a lease for 5,670 at 1815-1819 Business Center Loop.

Heidrich brokered three more leases at Poinciana East – at 1737 and 1757 Business Center Lane, Baums Outdoor Solutions, Inc. leased 2,700 square feet for their sod and landscaping business; at 1769 Business Center Loop Anita Torrens leased 1,890 square feet for a handyman and woodworking shop and at 1803 Business Center Lane, 1,350 square feet was leased by Kona Ice of Northeast Polk a distributor of USDA approved snacks to local schools.  

For more information, contact

Michael Heidrich, Principal, NAI Realvest, 407-875-9989 mheidrich@realvest.com 

Veronica Malolos, Broker/Osceola County, NAI Realvest, 407-949-0717 vmalolos@realvest.com;   Daniel R. Blackford, CCIM, ALC, Broker Associate, NAI Realvest, 407-949-0717  dblackford@realvest.com 

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

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

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Marcus & Millichap sells Flexible B-2 ZoneD Development Site in Cooper City, FL for $3 Million

                                                        

Aaron O'Connor

COOPER CITY, FL, July 14, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of St. Michel Development Site, a 150,282-square feet of land located in Cooper City, FL, according to Ryan Nee, Vice President/Regional Manager of the firm’s Fort Lauderdale office. The asset sold for $3,000,000.

Aaron O'Connor, Senior Associate, Adam G. Duncan, Vice President Investments, and Joseph P. Thomas, First Vice President Investments, all in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor, and secured and represented the buyer, a private investor.

St. Michel Development Site is located at Southwest 111 Terrace in Cooper City, FL.  The property has over 600 feet of frontage along Griffin Road, which is one of the most heavily traveled corridors in Cooper City, with over 30,000 vehicles traveling past the site daily.

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

Ryan Nee

Vice President / Regional Manager, Fort Lauderdale

(954) 245-3400

The Keyes Company’s Marta DuPree and Carlos Garcia Recognized as Top Agents by Prominent Industry Group

Marta Dupree

MIAMI, FL, July 14, 2017 - The Keyes Company has announced Marta Dupree and Carlos Garcia have been recognized as part of the 2017 Top Latino Agent Awards by The National Association of Hispanic Real Estate Professionals.

DuPree, ranked No. 4 in Florida, is a Keyes vice president who specializes in luxury homes, waterfront, acreage, investments, condos, townhouses, golf, and gate communities. Along with Neil DuPree, the DuPree team is the No. 1 producer for Keyes, with a career sales volume of more than $1 billion.

Carlos Garcia

Garcia, ranked No. 16 in Florida, is also a vice president, as well as the top producing real estate leader for Keyes in Miami-Dade County. 

He is a Certified Residential and Relocation Specialist. In January 2017, Garcia was awarded the President's Council Award for the 22nd consecutive year at the Keyes Annual Awards and has been ranked amongst the top five sales associates in the company since his tenure with the Keyes began.

In its sixth year, the NAHREP list recognizes the top 250 agents for their outstanding work and dedication to the real estate industry and increasing Hispanic homeownership. 

Those named to this year’s list brought in a combined $6.07 billion in transaction volume. The top 250 will be honored at the 2017 National Convention & Latin Music Festival in Dallas this September.

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

Jasmin Curtiss

PR Coordinator, BoardroomPR

jcurtiss@boardroompr.com

O 954-370-8999