Bridge Investment Group Acquires Station Square in Metro D.C.

Station Square Office Complex, Central Business District,
Silver Spring, MD

ATLANTA, GA (Dec. 28, 2018) – Bridge Investment Group’s subsidiary Bridge Office Fund Manager LLC (Bridge Office) announced today the acquisition of Station Square, a 510,200-square-foot, Class-A office complex in the center of the CBD in Silver Spring, Maryland.

Directly adjacent to a D.C. Metrorail station and featuring premier access to the Capital Beltway (Interstate 495) and downtown Washington, D.C., the three-building complex includes onsite parking and boasts one of the metro area’s best transit-oriented, live-work-play locations.

Ben Powell

Bridge plans to invest more than $12 million for renovations to the three buildings, which are located at 1100 Wayne Avenue, 1010 Wayne Avenue and 8484 Georgia Avenue.

Leasing will be led by Ben Powell and Gwen Fraker of Cushman & Wakefield.

Capital improvements include modernized lobbies, upgraded exteriors, modernized elevators, and significant improvements to mechanical systems. 

A transformed courtyard with new and exciting retailers and revamped entry into the 1010 Wayne Avenue building will encourage community across the complex. 

Gwen Fraker

Bridge also plans to unveil a new co-working concept at 8484 Georgia Avenue to create a more modern and tech-centric vibe and appearance.

The bi-level, modern office space overlooking Wayne Avenue will be heavily amenitized for tenants and showcase features such as modern common areas with a coffee bar, communal work space and a state-of-the-art conference room. 

The new owners plan to reposition select office spaces at Station Square for a new spec suite program to address growing market demand for move-in ready offices. The spec suites will include open floor plans, creative lounge space and an array of tech-friendly amenities that are relevant to the next generation of office users. 

 “The greater D.C. region continues to benefit from a diversifying job market, the influx of Fortune 500 companies and a talented workforce,” said Tommy Spinosa, Acquisitions Director of Bridge Investment Group.

Tommy Spinosa

 “Station Square is well positioned to capitalize on growing demand for future-ready workspace that offers walkability, a sense of community and urban-style amenities within a few steps of the Metro.

"Our planned improvements will create a world-class work environment that helps our tenants flourish and achieve the bottom-line results they seek.”

 Contacts:

Colleen Ann McNally · Assistant Account Executive

1718 Peachtree St., Suite 1048 · Atlanta, GA. 30309

M: 404-536-0117

www.thewilbertgroup.com

Lincoln Property Co. Closes $1 Million Sale of 3-Building Industrial Campus in DeLeon Springs, West Volusia County , FL

Sean Dupree

DeLeon Springs , FL  – Lincoln Property Company recently completed the $1 Million sale of a three-building industrial campus on 7.8 acres located off of U.S. Highway 17/92 at 5797 Lake Winona Rd. in DeLeon Springs just north of DeLand.     

Sean DuPree, CCIM, broker at Lincoln Property Company, listed the property totaling 46,890 square feet, and negotiated the transaction representing the seller, Orlando-based developer Robert Rader c/o Kirkland Development.   

Temme Berkstresser d/b/a Berky Boats, purchased the property to use the largest building as a boat manufacturing facility which was the properties previous use. The 22,090 square foot building includes 2,250± square feet of office space.

The three buildings constructed in 1986 and 1987 have excellent manufacturing facility features including grade level and dock-high overhead doors, exhaust fans, excess land for additional storage which is rare to find.    
      

The two smaller buildings each containing 12,400 rentable square feet are leased to AMB Sales and Central Florida Car Haulers.  One includes 2,250± square feet of office space and the other is 100 percent warehouse. The buyer will keep both leases in place. 

Buyer saw potential in the property due to the property’s previous boat manufacturing use, excess land for growth and as a great investment due to the two tenants in place, strong industrial market fueled by low vacancy rates and new residential/retail in the West Volusia market, DuPree said. 

 Contacts:

Sean DuPree, CCIM, Broker, Lincoln Property Company 

407-872-3500 sdupree@lpc.com

Beth Payan, Larry Vershel Communications Inc. Lvershelco@aol.com 

407-644-4142

LikeRE.com Announces New Video Conferencing Feature Added to its Real Estate Social Network

Britt Glassburn

DENVER, CO  Dec. 28, 2018 --Social Life Network, Inc. (OTCQB: WDLF), announced today that it will launch a new video conferencing paid feature to its LikeRE.com real estate social network. The new feature is six years in the making, says CEO Ken Tapp. "The addition of video conferencing built directly in to a members social profile page, is part of our original vision of the platform when we launched the company back in January 2013," Tapp says. Ken Tapp "Our mission has always been to make it easier for business professionals to connect and communicate with one another and their customers online, and this launch marks a huge milestone in our vision." The video conferencing feature for real estate agents, home builders, loan officers and other industry professionals now means they can hold team meetings, service their customers faster online, and even provide online paid services that are not yet offered in the industry. The feature will also make it easier and more cost effective for real estate schools, agencies, and industry association from around the world, to provide virtual classes and remote education online. "We're not only excited to be the only social network in the world that has this built-in feature for real estate professionals, but equally enthusiastic about the additional revenue model this provides the company," adds LikeRE.com president, Britt Glassburn. "Our plan is to roll-out the new feature throughout our social network starting January 1st, and with the many upcoming industry partnerships we plan to finalize in 2019, this paid feature is sure to be one of the most sought after that we offer on LikeRE."

DENVER, CO  December 28, 2018 / Social Life Network, Inc. (OTCQB: WDLF), announced today that it will launch a new video conferencing paid feature to its LikeRE.com real estate social network.

The new feature is six years in the making, says CEO Ken Tapp. "The addition of video conferencing built directly in to a members social profile page, is part of our original vision of the platform when we launched the company back in January 2013," Tapp says.

"Our mission has always been to make it easier for business professionals to connect and communicate with one another and their customers online, and this launch marks a huge milestone in our vision."

The video conferencing feature for real estate agents, home builders, loan officers and other industry professionals now means they can hold team meetings, service their customers faster online, and even provide online paid services that are not yet offered in the industry.

The feature will also make it easier and more cost effective for real estate schools, agencies, and industry association from around the world, to provide virtual classes and remote education online.

"We're not only excited to be the only social network in the world that has this built-in feature for real estate professionals, but equally enthusiastic about the additional revenue model this provides the company," adds LikeRE.com president, Britt Glassburn.

"Our plan is to roll-out the new feature throughout our social network starting January 1st, and with the many upcoming industry partnerships we plan to finalize in 2019, this paid feature is sure to be one of the most sought after that we offer on LikeRE."

About Social Life Network, Inc.

Social Life Network, Inc. is an artificial intelligence and blockchain powered social network and e-commerce technology company based in Denver Colorado. They launched their first social network in the cannabis and hemp industry in 2013, and have since launched niche e-commerce social networks to meet the growing demand for social technology in the residential Real Estate industry and many sports verticals including Tennis, Soccer, Hunting & Fishing world-wide.

For more information, visit 

 Contacts:

Jessica Starman 

jessica@elev8newmedia.com

https://www.SocialNetwork.ai/

Illustrated Properties’ Kathryn Gillespie Closes $20 Million Sale of Oceanfront Mansion in Manalapan, FL

Kathryn Gillespie

Manalapan, FL -- Kathryn Gillespie of Illustrated Properties, a member of The Keyes Family of Companies, has completed the $20 million sale of a waterfront mansion in Manalapan. The sale of the 1500 South Ocean Blvd. property closed on Dec. 20.

Gillespie secured the mansion listing from the seller, a Marcon family trust, in August 2018. She was able to achieve a 92 percent list-to-sale price and get the property sold in 118 days, while the average days on market for Manalapan homes above $10 million is 389 days.

1500 South Ocean Boulevard,  Manalapan, FL

The seller has previously listed the home for 453 days without finding a buyer before hiring Gillespie. Illustrated declined to disclose the buyer in the transaction.

This is the second-most expensive Manalapan sale in 2018 and the most expensive in the second half of the year.

“It was an absolute honor to successfully market this one-of-a-kind listing, which is as much of a work of art as it is a home,” said Gillespie. “We were able to leverage my strong ties to Palm Beach County and relationships, along with Illustrated’s powerful network – including its affiliations with Luxury Portfolio International and the Leading Real Estate Companies of the World^® – to achieve an incredible outcome.”

Manalapan mansion

Located on a 1.6-acre lot, the six-bedroom home totals 11,673 square feet under air and includes nine full and three half-bathrooms. The estate has a total of 356 feet of waterfront property, of which 178 feet are on the Atlantic Ocean. 

The waterfront loggia, 60-foot concrete dock equipped with electricity and infinity edge pool and spa round out the amenities that provide the one-of-a-kind experience synonymous with the South Florida lifestyle.

Kelvin Leonard

Along with multiple bedroom balconies overlooking the Intracoastal Waterway, the Manalapan mansion includes a his and her master bath, private office, guest suite, gathering lounge, club/media room with state-of-the-art sound system and wet bar, fireplaces, exercise room, gourmet kitchen with Sub-Zero and Wolf appliances, wine chiller, elevator, upstairs and downstairs laundry rooms and four car-stall air conditioned garage, with the potential to park eight cars.

The mansion was designed by Randall Stofft Architects and constructed by Terry Cudmore Builders in 2008.

Gillespie successfully leveraged Illustrated’s proprietary marketing strategies while incorporating her own techniques, including professional home staging and photography, utilizing all social media platforms to reach a global audience, strategic within key Palm Beach County markets.

“Kathryn’s work in the Palm Beach County luxury market has been outstanding,” said Kevin Leonard, Vice President of Luxury at Illustrated Properties.

“In just a short period of time, we have seen her produce a level of work that is unmatched, while surpassing the expectations in quality service we look to provide to each client. We are extremely proud of her for closing 2018 on a remarkable note with this Manalapan sale.”

Manalapan mansion

Gillespie is also the exclusive listing agent for a Boca Raton mansion that was selected as a finalist in HGTV’s international “Ultimate House Hunt 2018.” The 899 Enfield Street home, which is on the market for $11.5 million, was one of 12 worldwide properties to be chosen for the “Waterfront Homes” category.

Gillespie has lived and worked in the Palm Beach County area for more than 30 years, providing her a deep connection to the area and her clients. She has been heavily involved in the local community, serving as past chair of the Boys and Girls Club Board of Directors in Boca Raton and is involved with The Arc of Palm Beach County and Impact 100 Palm Beach County.

 Contacts:

Eric Kalis or Jasmin Curtiss, BoardroomPR

ekalis@boardroompr.com/jcurtiss@boardroompr.com

954-370-8999