NAI Realvest Broker Closes $695,000 Sale of Walmart Outparcel for New Heartland Dental in St. Cloud, FL

      

Veronica Malalos

St. Cloud, FL -- NAI Realvest, recently completed the sale of a 1.34-acre outparcel of the Walmart Neighborhood Market on Nolte Road in St. Cloud for $695,000.00.

John Park

Veronica Malolos, Osceola County Broker for NAI Realvest, negotiated the transaction on behalf of the seller, Stevens Crossing Village LLC, of Jacksonville .

The Illinois-based buyer, WMG Development LLC purchased the land to develop a Heartland Dental Clinic. 

Construction documents have been filed with a targeted opening of mid-2019. 

Heartland has dental clinics nationwide and will open at the St. Cloud location with a staff of 14 fulltime employees.  

John Park and Jared Ettinger of Berkshire Realty represented the buyer.

Jared Ettinger

CONTACTS:

Veronica Malolos, Broker/Osceola County, NAI Realvest,

407-949-0717 Vmalolos@realvest.com

Robin Webb , CCIM, CHA, CHB, CRB, CPM, MRICS, Managing Director, NAI Realvest, 407-875-9989 rwebb@realvest.com;                                                

Larry Vershel or Beth Payan, Larry Vershel Communications

407-644-4142 lvershelco@aol.com

www.nairealvest.com.  

HFF announces financing for Fort Worth, TX apartment community

Cortney Cole

 HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announces financing for Villa Lago, a 204-unit, Class A garden-style apartment community in Fort Worth, Texas.

 The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the seven-year, fixed-rate loan with a life company lender at an interest rate of 4.48 percent.  Loan proceeds were used to refinance existing debt.

 Villa Lago is located at 8201 Boat Club Road less than six miles north of Interstate 820 in the northwest Fort Worth submarket of Tarrant County. 

 Completed in 2008, the property sits on an 11.5-acre site consisting of 10 two- and three-story residential buildings comprising units averaging 912 square feet. 

Steve Heldenfels

Units feature walk-in closets, hardwood-style flooring, oversized garden tubs, in-unit washers and dryers, and patios or balconies.

 Community amenities include a swimming pool, outdoor grilling areas, fitness center, business center, two bark parks, covered parking/detached garages and views of nearby Eagle Mountain Lake. 

 The HFF debt placement team representing Venterra included managing directors Cortney Cole and Steve Heldenfels.

 Venterra Realty (Venterra) specializes in the identification, finance, acquisition and management of multifamily residential communities in the southern United States. 

Venterra currently manages a portfolio of approximately 15,000 multifamily units totaling more than $1.6 billion in value. The organization has completed in excess of $4 billion of real estate transactions.

Venterra is headquartered in Toronto and Houston; and employs more than 550 people.

CONTACTS:

CORTNEY COLE

HFF Managing Director

(713) 852-3500

ccole@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com

HFF announces $30 million acquisition financing for 328-unit apartment community in Lexington Park, MD

Nicole Brickhouse

WASHINGTON, DC –– Holliday Fenoglio Fowler, L.P. (HFF) announces $30.128 million in acquisition financing for Greens at Hilton Run, a 328-unit, garden-style apartment community in Lexington Park, Maryland.

The HFF team worked on behalf of the borrower, Charger Ventures LLC, to secure the 10-year, fixed-rate loan through Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

 Originally completed in 1988 and 1992, Greens at Hilton Run comprises one-, two- and three-bedroom units averaging 927 square feet each.  The community is located at 46860 Hilton Drive in St. Mary’s County near the Chesapeake Bay waterfront and the mouth of the Patuxent River. 

Jamie Leachman

 Charger Ventures plans to continue the previous owner’s interior unit renovation program as well as upgrades to the clubhouse and amenities.

 The HFF debt placement team representing the borrower included Jamie Leachman and Nicole Brickhouse.

 Charger Ventures LLC is based in the Washington, D.C. metropolitan area.  The company, founded in 2018, is a best-in-class, multi-family investment management platform that employs various tactical strategies to deliver attractive risk-adjusted returns. 

The firm’s charter is to acquire and manage investments in existing, multi-family communities in the Mid-Atlantic and Northeast.  

CONTACTS:

 

JAMIE LEACHMAN

HFF Senior Director

(202) 533-2524

jleachman@hfflp.com

NICOLE BRICKHOUSE

HFF Director

(202) 533-2507

nbrickhouse@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com

chargerventures.com.

Astor Real Estate Group Announces First Shops at Merrick Manor Retailer in Coral Gables, FL

Trésor Collection Founder Puja Bordia (left) and Astor Real Estate Group Principal Broker Roza H. Radkiewicz

CORAL GABLES, Fla. – A new wave of luxury stores and restaurants is headed to the Coral Gables shopping district. Astor Real Estate Group has unveiled the first retailer for Shops at Merrick Manor, the commercial component of Coral Gables’ newest development – the mixed-use Merrick Manor at 301 Altara Ave.

Miami-based jeweler Trésor is set to open a new store on the ground floor of the luxury project, which is scheduled to be completed by developer The Astor Companies during the first quarter of 2019. Trésor will occupy close to 1,500 square feet of beautifully designed space at Shops at Merrick Manor.

Trésor, known for beautiful pieces inspired by contemporary art and architecture, while at the same time keeping the tradition and amazing craftsmanship of 18 Generations that served as the Royal Family of India’s Jaipur Kingdom.

Merrick Manor, Coral Gables, FL

Roza H. Radkiewicz, Principal Broker of Astor Real Estate Group, arranged the transaction. Astor plans to announce additional tenants in the coming weeks.

“We are excited to have Trésor on board as part of our collection of high-end retailers,” said Ms. Radkiewicz. “This exquisite brand is an ideal addition to our elegant project.”

Rendering of Planned Shops at Merrick Manor, Coral Gables, FL

Shops at Merrick Manor, a five-star luxury project, will consist of nearly 20,000 square feet of prime, Class A ground-floor retail and restaurant space conveniently located just steps away from the fashionable Merrick Park Shops.

For commercial opportunities available at Shops at Merrick Manor, contact Roza H. Radkiewicz at (786) 218-8322 (954) 993-8747 or email 
lroza@astorcompanies.com.

Contact:

Eric Kalis

Account Director, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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Alpha Wave Investors Acquires 76-Unit Multi-Family Community in Rapidly Growing Salt Lake City, UT Submarket

Jordan Fisher

SALT LAKE CITY, UT  –  Alpha Wave Investors, LLC (Alpha Wave), a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cove on Bruce Apartments, a 76-unit multifamily community located in the rapidly growing Salt Lake submarket of Clearfield, Utah. 

This is the firm’s fourth acquisition in the Salt Lake City metro area in the past 12 months.

“Clearfield is an exceptionally attractive market for multifamily investment based on its proximity to Salt Lake City, growing job market, attractive rents, and strong projected population growth,” says Jordan Fisher, a Founding Partner of Alpha Wave.

 “The property is an exact fit for our proven investment strategy, through which we invest in attractively-priced, ‘off-the-radar’ B and C class multifamily properties located in secondary markets that are poised for compelling growth.”

Jason Wadsworth at Carpenter Commercial represented both the buyer and seller in the transaction.

Contacts:

Lisa James / Jenn Quader

Brower Group

(949) 955-7940

ljames@brower-group.com 

Hold-Thyssen Negotiates Long Term Expansion Lease with Growing Company at Phillips Place in Southwest Orlando, FL

Darby hold

ORLANDO, FL --- Hold-Thyssen, a full service commercial property firm based in Winter Park , recently closed on a long-term expansion lease of an additional 1,844 square feet for a growing company at Phillips Place , 7575 Dr. Phillips Blvd. in Southwest Orlando . 

Darby Hold, transaction specialist for Hold-Thyssen, Inc., brokered the transaction representing the landlord, Financial Way Realty, Inc. of Cincinnati .   

Tenant Woof Gang Bakery, Inc., a multi-national company established in 2007, was already leasing 2,147 square feet at Phillips Place and increased their occupancy by 86 percent to a total of 3,991 square feet.   

Woof Gang Bakery and Supervisor

The tenant’s growth is due to outstanding quality of products and service.  Woof Gang Bakery currently employs a staff of 12 at Phillips Place and looks to increase that to 15 by early next year.

Hold-Thyssen, Inc. is the leasing and management representative for the 56,000 square foot Phillips Place Office Building , which is now 90 percent leased.

Phillips Place, Southwest Orlando, FL

HoldThyssen, Inc. 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 .

CONTACTS:

           

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 407-691-0505, afisher@HoldThyssen.com  or

Robert P. Hold, Principal, Hold-Thyssen, Inc.

407-691-0505, bhold@HoldThyssen.com

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