Sunday, November 11, 2018

NAI Realvest Represents Party & Gift Outlet Expanding in 5th Location at Vineland Pointe in South Orlando Attractions Area

Paul Partyka
ORLANDO, FL --- NAI Realvest closed on a new lease representing Party & Gift Outlet, Inc. for an 8,023 square foot store opening in the spring of 2019 at Vineland Pointe, the new retail center fronting I-4 off of Daryl Carter Blvd. in the attractions area of South Orlando . 

Paul P. Partyka, CCIM, MICP, partner at NAI Realvest who negotiated the multi-year agreement on behalf of the tenant said the retailer, now with five locations in Central Florida , is expanding retail operations at this location.
The Palm Beach-based landlord Vineland Pointe Owner LLC was represented in the transaction by Kate Gilbert of O’Connor Property Management, LLC.   

Party & Gift Outlet which specializes in licensed Disney products will join several national tenants including Lucky Supermarket, Burlington  Five Below and Ross Dress For Less, in the Vineland Pointe retail shopping center at 12005 Regency Village Drive .   

Kate Gilbert


Paul P. Partyka, CCIM, MICP, Partner, NAI Realvest, 
407-875 9989;;

Robin L. Webb, CCIM, CHA, CHB, CRB, CPM, MRICS, Managing Director, NAI Realvest,

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

HFF announces $14.5 million financing for 52-unit apartment community in suburban Seattle

Luna Sol Apartments, 11415 Slater Avenue NE, Kirkland, WA

Zack Holderman
SAN DIEGO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announces $14.5 million in financing for Luna Sol Apartments, a 52-unit, podium-style apartment community in Kirkland, Washington.

Working exclusively on behalf of the borrower, Magma Equities, the HFF team placed the floating-rate, condo-conversion loan with a specialty finance company. 

 Loan proceeds will be used to acquire, renovate and upgrade the property with the intent to sell individual units beginning in 2019.

Luna Sol Apartments (Luna Sol) is located just west of Interstate 405 at 11415 Slater Avenue NE in the Eastside neighborhood of Kirkland. 

Zack Goodwin
The property was originally constructed as a condominium development with residential units sitting atop separately owned ground-floor office units. 

Completed in 2010, Luna Sol features large, open one- and two-bedroom floor plans averaging 843 square feet, five of which are permanently designated as affordable housing units. 

Interior finishes include stainless steel appliances, glass top stoves, full-sized washers and dryers, walk-in closets, floor-to-ceiling windows and vinyl wood plank flooring. 

 Community amenities include a fitness center, secured lobby, underground parking and courtyard with grills and outdoor seating.  The property was 98 percent occupied at closing.

The HFF debt placement team representing the borrower included senior director Zack Holderman and analyst Daniel Pinkus along with local market assistance from director Zack Goodwin of HFF’s Seattle office.

“Luna Sol is an excellent example of how a creative sponsor combined with strong market fundamentals can support a strategic business plan like the conversion and sale of individual condo units in Greater Seattle,” Holderman said.


HFF Senior Director
(858) 812-2350

HFF Public Relations Specialist
(713) 852-3500

Sky Management Selects Newmark Knight Frank to Lease One Million-SF Distribution Center in Fayetteville, NC

Sky Management warehouse and distribution facility,
107 Tom Starling Road, Fayetteville, NC

James T. Belcher
Fayetteville, NC Sky Management Services, LLC, a privately held commercial real estate investment, development and management company, has announced the selection of Newmark Knight Frank (NKF) as exclusive leasing agent for its newly acquired, multi-tenanted warehouse and distribution facility on 107 Tom Starling Road in Fayetteville, North Carolina.

The new industrial listing assignment for the approximately 1 million-square-foot facility will be leased by NKF’s Senior Managing Director Tommy Turner and Executive Managing Director James Belcher.

Located near the Interstate 95 corridor, the 120-acre property’s ownership is supporting the city’s revitalization efforts through high-quality job creation and a significant donation to the Airborne & Special Operations Museum Foundation.

Thomas W. Turner
Sky Management through its affiliate, Northern Charitable Foundation, will support the Airborne Special Operations Museum as a “Lifetime Benefactor.” The company announced its pledge at the Fayetteville Cumberland Economic Development Corporate luncheon.

The $23 million museum serves as the cornerstone of the downtown Fayetteville revitalization plan. The total military population of Fayetteville is 60,000 military personnel; most relate to Fort Bragg, home of The Airborne and Special Operations Forces.

“Our team is committed to investing in markets that have a strong dedication to defense, Homeland Security and the armed forces. It’s a true honor to contribute to the Airborne & Special Operations Museum and to bring new business and high-quality jobs to Fayetteville,” said Alex Dembitzer, founder of Sky Management Services.

Alex Dembitzer
Sky Management recently signed a 100,000-square-foot lease with Landair Logistics, Inc. Landair, a division of Covenant Transportation Group, Inc. (NASDAQ: CVTI), is a leading dedicated and for-hire truckload carrier, as well as supplier of 3PL transportation, warehousing and logistics inventory management services. NKF’s Turner and Belcher represented the tenant Landair.

“We have enjoyed working with NKF during our latest signing with Landair and we look forward to working with them on leasing the remainder of the building,” said Marc Civitillo, managing director of acquisitions at Sky Management Services.

Landair will occupy 11 percent of the building. Ellery Homestyles, a leading supplier of private label and home fashion products, is the building’s 484,310-square-foot anchor tenant. Approximately 342,000 square feet remains available for lease.

“The completion of the lease with Landair reflects the strong industrial momentum we’re seeing in North Carolina,” said Turner. “The well-located facility with highly reputable tenants, 32 foot clear ceilings, a generous parking ratio and abundant loading offers an ideal opportunity for companies looking to relocate in a growing submarket like East Fayetteville.” 

Sky Management Services acquired the building in July 2018. The building is strategically located on the Interstate 95 corridor and four miles from the Fayetteville Regional Airport.

 In addition, the building is in close proximity to Fort Bragg, the world’s largest military installation, and to the Raleigh-Durham metro area.


Hank Sforzini
 Senior Account Executive
1718 Peachtree St., Suite 1048
 Atlanta, GA 30309
M: 615.972.9462


Liana Moran
T 770.905.9915