Friday, January 5, 2018

NAI Realvest Negotiates Office Leases at Primera Court I and II in Lake Mary, FL for Acupuncturist, Logistics, Engineering and Mortgage Firms

Mary Frances West
Lake Mary, FL  – NAI Realvest recently completed four lease agreements for Class A office space totaling 6,294 rentable square feet at Primera Court I and II located at 725 and 735 Primera Blvd. in Lake Mary.   

Mary Frances West, CCIM, Vice President at NAI Realvest, brokered the transactions on behalf of the landlords, Interchange Primera Court I, LLC and Interchange Primera Court II, LLC.  

New tenants at Primera Court I include Complete Well Being Center, Inc. who leased 1,122 square feet for an acupuncture practice opening in January and Logiplan USA, LLC providing logistic services for the convention and show industry also leased 1,122 square feet.  

Wesley Chapel-based USA Engineering, Inc renewed its lease of 2,670 square feet at Primera Court I.

At Primera Court II West negotiated a lease renewal for 1,380 square feet with Tenant Carrington Mortgage Services based in Santa Ana, Calif.

For more information on this transaction, please contact:

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

NAI Realvest Negotiates $1.55 Million User Sale of Industrial Building at Monroe CommerCenter South

Michael Heidrich
SANFORD, FL --- NAI Realvest recently negotiated a $1,550,000 user sale of the 21,600 square foot industrial building located at 4275 Church St. in Monroe CommerCenter South in Sanford.

Michael Heidrich, a principal at NAI Realvest, represented the Seller RHCP COP Orlando, LLC based in Sparks, Md.   

Buyer Adrian Steel–Florida, based in West Palm Beach, is the parent company of Advanced Van and Sales, who will operate out of the building. Josh Lipoff of Jones Lang LaSalle represented the buyer.

Heidrich said the property is one of the three industrial buildings in Phase 3 of Monroe CommerCenter South.  One more investor/user building remains for sale – 4295 Church St. with 17,280 useable square feet and listed for $1,296,000.

For more information on this transaction, please contact:

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


Hold-Thyssen Negotiates New Five-Year Lease at Phillips Place in Southwest Orlando With National Engineering Consultants

Darby Hold
ORLANDO, Fla. --- Hold-Thyssen, a full service real estate services firm headquartered in Winter Park, recently negotiated a five-year lease for 2,091 square feet at Phillips Place, 7575 Dr. Phillips Blvd. in Southwest Orlando. 

Darby Holdassociate for Hold-Thyssen, Inc. negotiated the transaction representing the landlord,Financial Way Realty, Inc., based in Cincinnati, Ohio.

Deanna Meredith
The new tenant Prism Systems, Inc., provides automation and controls software engineering and systems development for Fortune 500 companies nationwideDeanna Meredith with Luxe Properties LLC represented Prism.

Hold-Thyssen, Inc., the leasing and management representative for the 56,000 square foot Phillips Place, provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

Osceola County Planning Commission Elects Veronica Malolos Chair

Veronica Malolos
KISSIMMEE, FL / ORLANDO, FL -Veronica Malolos, Osceola County broker with NAI Realvest, was elected Chair of the Osceola County Planning Commission to serve a one-year term in 2018.    Malolos is most likely the County Commission’s first minority woman to hold that office.
Patrick Mahoney, president of NAI Realvest, said Malolos has served as a Planning Board Commissioner for over four years and, “is a recognized leader of both civic and human services initiatives in Osceola County.”  
Patrick Mahoney
She’s a past president of the Osceola County Assn. of Realtors and was honored by the Central Florida Commercial Assn. of Realtors for her community service, Mahoney added.
As Chair of the Osceola County Planning Commission Malolos will guide the commission in its task of ensuring that land development is consistent with the county’s comprehensive plan.   
“Osceola County is one of the fastest growing counties in the nation and with the effects of the recent devastation of Hurricane Irma we have to remain diligent in doing the good work to best serve our ever-changing community,” Malolos said.        

For more information, please contact:

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

EagleBridge Capital Arranges $5.85 Million Mortgage For CVS Ground Lease in Wayland, MA

CVS Pharmacy, Main Street, Wayland, MA

Ted M. Sidel
Boston, MA -- EagleBridge Capital has arranged acquisition and permanent mortgage financing in the amount of $5,850,000 for a long term ground lease to CVS Pharmacy on Main Street in Wayland, Massachusetts where a new CVS is currently under construction.    

The mortgage financing was arranged by EagleBridge principals Ted M. Sidel and Brian D. Sheehan who stated that the loan was provided by a leading Massachusetts thrift institution.

The new free standing CVS is under construction on a 2.1 acre site located at corner of Main Street and West Plain Street. 

The CVS shall contain 13,900 square feet and will also feature a drive thru as well as 60 parking spaces.  The site was formerly the home of Finnerty’s Restaurant which was demolished to make way for the new pharmacy.

Mr. Sheehan and Mr. Sidel stated, “We are pleased that EagleBridge was able to structure the financing to provide a combination acquisition and permanent mortgage at a very attractive rate, term, and amortization with the first year being interest only.

Brian D. Sheehan
CVS operates over 9700 retail pharmacies across the country with over 357 located in Massachusetts and is part of CVS Health Corporation.

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

For more information on this transaction, please contact:

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