NAI Realvest Closes Two Commercial Land Sales within 30 Days Totaling $2.155 Million -- Two New Racetrac Stores Opening This Year

Jason G. Toll

ORLANDO, FL – NAI Realvest, based in Orlando , negotiated the sales of two vacant commercial land parcels that will soon be new state-of-the-art Racetrac gas and convenient stores in Apopka and Oviedo . 

The two separate transactions totaled $2,155,000 and closed within 30 days of each other.   

Jason G. Toll, MiCP, Director at NAI Realvest, brokered the $905,000 sale of 1102 Hermit Smith Rd. , in Apopka on behalf of the seller, Zellwood Properties, LLC of Altamonte Springs and the buyer Atlanta-based Racetrack Petroleum, Inc. 

 The new Apopka Racetrac is slated to open in the spring at the 2.45-acre site at the interchange of the new SR 429 ( Wekiva Parkway ) and US 441.   

Jason G. Toll

A few weeks later Racetrac Petroleum, Inc. purchased 4.7 acres at 1999 Slavia Rd. at the corner of Red Bug Lake Rd. in Oviedo .

 Toll, along with NAI Realvest principals Kevin O’Connor and Matt Cichocki, brokered the $1,250,000 deal between RaceTrac and the property owners who were approached with an unsolicited offer that was accepted.  

The Oviedo Racetrac is scheduled to open in the 4^th quarter of this year.   

NAI Realvest, serving all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide.

Matt Cichocki

NAI Global is an international commercial real estate network with over 400 offices spanning the globe. 

Since 1978, clients have built businesses on the power of NAI Global’s expanding network.

Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.

To learn more, please visit www.NAIRealvest.com.

CONTACTS:

Jason G. Toll, MiCP, Director, NAI Realvest, 

407-875-9989 JToll@realvest.com or Kevin O’Connor Principal and Matt Cichocki, Principal, NAI Realvest 407-875-9989 ext. 738. koconnor@realvest.com ormcichocki@realvest.com

                                                                                                                            

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 

407-644-4142 lvershelco@aol.com  or beth@larryvershel.com

About NAI Realvest 

Levin Johnston Directs $17.28 Million Sale of Core Plus Multifamily Community in San Jose, CA

 Lakewood Court Apartments, 1953 Via Reggio Court, San Jose, CA

SAN JOSE, CA – Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the $17.28 million sale of Lakewood Court Apartments, a 48-unit multifamily asset in San Jose, California.

Adam Levin

Senior Managing Directors Adam Levin and Robert Johnston, and Investment Associate Eymon Binesh, all of Levin Johnston of Marcus and Millichap, represented both the seller, a private family, and the buyer, Sridhar Equities.

“The seller approached our firm based on our market expertise and proven track record of keeping our finger on the pulse of the market, and that is exactly how the transaction played out,” said Johnston.

“We brought the property to market in order to obtain the best result for the seller, and were proud that with several competing brokers working on the buy side,  it was our firm that was able to procure the most qualified buyer and successfully close the deal.”

The property is located in downtown San Jose in close proximity to I-680 and I-880, making it proximate to both the San Jose and Oakland International Airports, as well as to light rail stations.

Eymon Binesh

Levin explains “San Jose is a metro area that is defined by its suburban neighborhoods and large tech campuses including PayPal, Adobe, Cisco and eBay. 

Levin said, “The asset is located in the heart of Silicon Valley, a prime rental location for the commuter lifestyle of the tech industry renters. Based on the property’s favorable location,  good condition, and below market rents with no rent control, we were able to achieve a strong market cap rate of 5.32 percent.”

Lakewood Court Apartments was built in 1988 and is situated on 1.64 acres. The apartment community offers one- and two-bedroom pet-friendly units as well as assigned garage parking and a community pool and spa.

Robert Johnston

 Located at 1953 Via Reggio Court in San Jose, California, the property is in close proximity to schools, outdoor recreation, shopping and dining.

In 2018, Levin Johnston of Marcus and Millichap successfully directed 55 transactions totaling over $700 million in the Bay Area market.

 CONTACTS:

Alex Caswell / Jenn Quader 

Brower Group

(949) 955-7940

acaswell@brower-group.com

levinjohnston.com.

www.levinjohnston.com.

Lincoln Property Co Negotiates Multi-Year Lease for Craft Beer Production, Sales, Distribution at Parkway Business Center in Longwood, FL

Sean Dupree

ORLANDO, FL and LONGWOOD, FL – Lincoln Property Company Southeast, a full service commercial real estate firm based in Orlando , recently completed a new multi-year lease for 2,625 rentable square feet of flex space at Parkway Business Center , 556 Florida Central Parkway , in Longwood.

Sean DuPree, CCIM, Broker negotiated the transactions on behalf of the Landlord Parkway Business Center, LLC

The tenant, Bowigens Beer Company, LLC, is the operator of a small neighborhood craft beer taproom located at a shopping plaza in Casselberry .  They will use the Longwood location for production, sales and distribution of their craft beer for large orders and special events. 

Charles Rutenberg Realty represented the tenant.

CONTACTS:

Sean DuPree, CCIM, Director of Sales/Leasing, Lincoln Property Company 

407-872-3500 sdupree@lpc.com

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

407-644-4142 or beth@larryvershel.com 407-461-3781

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

NAI Realvest Names Patrick Brazil Sales Associate

Patrick J. Brazil

ORLANDO, FL  -- NAI Realvest, one of central Florida ’s largest commercial real estate services companies, has named Patrick J. Brazil as Sales Associate specializing in the hospitality industry.

Robin Webb, managing director at NAI Realvest, said Brazil will focus on hotel brokerage, investment and development both in Florida and internationally.  

Robin Webb

CONTACTS:

Patrick J. Brazil, CIPS, Sales Associate NAI Realvest, 

407-875-9989 pbrazil@nairealvest.com

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

407-875-9989 rwebb@realvest.com;                                                

           

Beth Payan, Larry Vershel Communications 

407 4142 644 

 lvershelco@aol.com orbeth@larryvershel.com

Bull Realty Adds Two New Brokers

Colt Neal

ATLANTA, GA—Bull Realty, headquartered in Atlanta, continues to grow with the recent addition of Colt Neal.

A Georgia native, Colt earned his B.B.A. in Real Estate from the University of Georgia’s Terry College of Business.

Neal joins as V.P. of the National Office Group. He has joined Michael Bull’s team with a primary focus on disposition and acquisition of office properties in the southeast U.S.         

“Colt is a welcome addition to our office group. The office market in Atlanta around the southeast is robust, and we expect sales volume to continue to grow,” said Michael Bull, CCIM, founder and CEO of Bull Realty.

Bull Realty Adds Depth to Senior Housing Division

Todd Gilmore

ATLANTA, GA—Bull Realty welcomes commercial real estate professional Todd Gilmore to the National Senior Housing Group.

Gilmore specializes in the acquisition and disposition of senior housing assets with an expert focus on age restricted multifamily, independent living, assisted living/memory care, skilled nursing, hospice and drug treatment centers.

Gilmore graduated with a B.S. in Applied Economics from the University of Georgia, and an MBA from Georgia Southern University. He is a member of the Atlanta Commercial Board of Realtors (ACBR), as well as a Certified Commercial Investment Member (CCIM) candidate.

During his educational career at both Georgia Southern University and the University of Georgia, Gilmore was a member of the baseball and rugby teams.

“Todd brings a unique set of skills to Bull Realty, and we are excited to have him as a part of the team,” said CEO Michael Bull.

Michael Bull

CONTACTS:

Susan Fortner, Bowers PR & Marketing

Telephone: (614) 562-0054

E-mail: susan@bowerspr.com

Website: www.bullrealty.com

NAI Realvest Negotiates Build-to-Suit Lease with Operating Daycare in St. Cloud, FL

Veronica Malolos

ST. CLOUD, Fla. -- Veronica Malolos, Osceola Broker at Orlando-based NAI Realvest, recently completed a build-to-suit lease with Kid City, USA , a local operating daycare. 

The property is a 9,000 square foot single tenant building on an outparcel of a new Walmart Neighborhood Market located on W. New Nolte Rd. in St. Cloud . 

Malolos brokered the transaction representing Jacksonville-based retail developer Joyce Development Group, LLC.   The daycare, along with Heartland Dental on an adjacent outparcel, will be complete and ready to open at the Nolte Road retail development this summer.

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