Arbor Funds $12.4 Million Fannie Mae DUS® Loan in Greenville, SC

Ryan Duff

UNIONDALE, NY (Nov. 14, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Greenville, SC. The property received $12.4M in acquisition financing through the program.

Ryan Duff of Arbor’s New York City office originated the loan.

“We were able to attain very favorable terms for this repeat client,” said Duff. “This deal attests to our deep commitment to developing long-term partnerships with our clients, as well as our capability to navigate all market environments using our Fannie Mae product experience and expertise.” 

Hudson Orchard Park, Greenville, SC

Built in 1984, Hudson Orchard Park is a 172-unit, pet-friendly complex with indoor features such as built-in bookshelves, carpeting, and large walk-in closets. 

Outdoor amenities include a barbecue/picnic area, clubhouse with residential kitchen, large patios and balconies, pet play area and a pool, fitness center and sand volleyball court. The property is conveniently located near shopping, local parks and recreation.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

                             

Frontier Airlines among New Tenants Lincoln Property Company Signed up for Multi-Year Leases at Airport Business Center, Orlando, FL

Sean DuPree

ORLANDO, FL – Lincoln Property Company Southeast, a full service commercial real estate firm based in Orlando , recently closed on four multi-year lease agreements at Airport Business Center for a total of 15,000 square feet of office/flex space.    

Sean DuPree, Broker at Lincoln Property who handles leasing at Airport Business Center, negotiated the transactions on behalf of the Louisville, CO-based Landlord RCS-Orlando Airport 371 LLC.

Michael Lohman 

Denver-based Frontier Airlines represented by Newmark Knight Frank’s Michael Lohman leased 7,606 square feet for flight attendant training. The airline will relocate that operation from Lake Buena Vista .

R.P. Plumbing Solutions, Inc. specializing in commercial and residential plumbing leased 2,467 square feet for its newly established business at and was represented in the transaction by José Fleming, of Preferred Real Estate Brokers.

Advent Health CentraCare Conway renewed their lease of 4,921 square feet at Airport Business Center and was represented by Ryan Kingry of Jamison Commercial.

José Fleming

Felix & Associates, based in Stuart , FL leased 971 square feet at the center to serve the central Florida market.   The general contractor specializes in excavation and roads.

The Airport Business Center , six-building 200,000 square foot office/flex business park is located at 5730-5892 S. Semoran Blvd. at the intersection of Hoffner Ave. (CR15) north of Orlando International Airport .

Ryan Kingry

CONTACTS:

Sean DuPree, CCIM, Director of Sales/Leasing, Lincoln Property Company
407-872-3500 sdupree@lpc.com

Beth Payan, Larry Vershel Communications Inc. Beth@larryvershel.com 
407-644-4142 or 407-461-3781

Ground-floor location provides seamless experience for interested buyers to tour luxury residential building in Coral Gables, FL

Roza H. Radkiewicz

CORAL GABLES, FL – Pioneering Miami developer The Astor Companies announces the opening of a brand-new sales gallery for Merrick Manor, Astor’s transformative luxury building in Coral Gables. 

The 10-story, 227-residence Merrick Manor is the only new, move-in ready condominium community in the “City Beautiful.”

Merrick Manor also offers nearly 20,000 square feet of prime, Class A ground-floor retail and restaurant space marketed by the Astor Real Estate Group, led by Principal Broker Roza H. Radkiewicz.

For commercial and retail opportunities available at Merrick Manor, contact Radkiewicz at (305) 779-5672 or (786) 218-8322 or email roza@astorcompanies.com.

Henry Torres

 The new Merrick Manor sales gallery is located at 301 Altara Ave., Suite 119 – on the ground floor of the building. Having a 2,720-square-foot sales gallery on site creates a seamless experience for potential buyers to visit, speak with Merrick Manor’s attentive sales team and tour the one-of-a-kind building and model residences designed by the award-winning Interiors by Steven G.

Astor completed Merrick Manor and opened the building to residents this spring.

“South Florida’s real estate market is receiving considerable attention, but Coral Gables stands alone when it comes to quality of life and stability of property values,” said Astor Founder, President and CEO Henry Torres.

Steven G.

“With Merrick Manor, we believe we have the right combination of luxury, location and value to accommodate the demand for new residences in the city. Our new sales gallery allows visitors to experience this first-hand.”  

Prices for available Merrick Manor residences start from $374,990 and ranging up to $2.6 million. Remaining units range from 574 square feet to more than 3,400 square feet. 

The one-to-four-bedroom residences feature exceptional finishes, including Italian cabinetry, Bosch appliances, white quartz countertops and spacious terraces.

Merrick Manor sales gallery is located at 301 Altara Avenue,
Suite 119, Ground Floor,  Coral Gables, FL

Merrick Manor amenities include 24-hour valet parking, 24-hour front desk concierge service, lobby lounge area, Parcel Pending lockers, a business center with four computer-ready desks and multimedia screens for presentations, a club lounge and news café lounge on the fourth floor, state-of-the-art fitness center and resort-style pool with barbecue gathering areas.

To learn more about the residences, please visit www.merrick-manor.com or call the Merrick Manor Sales Gallery at (305) 779-6870.

CONTACT:

Eric Kalis

Vice President, 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

Web | Facebook | LinkedIn | Twitter | Instagram

www.astorcompanies.com.

JLL arranges $7.5 million financing for self-storage development

Rendering of planned Lone Star Self-Storage, 2500 Lone Star Drive  Downtown Dallas, TX

HOUSTON, TX – JLL announced it has arranged $7.5 million in construction financing and secured the land site for the development of Lone Star Self-Storage, a to-be-built, Class A self-storage property housing 1,255 climate-controlled units in one of the fastest-growing areas of the Dallas MSA and within a Qualified Opportunity Zone.

JLL worked on behalf of the developer, Austin-based Central Southwest Texas Development, LLC (CSW Development), to place the five-year, non-recourse construction loan with a regional bank. 

Amelia Rohrman

Additionally, working on behalf of the developer, JLL brokered the sale of the 2.4-acre land site for the facility.

The three-story Lone Star Self-Storage will total 151,950 square feet and will house only climate-controlled units ranging in sizes from 5x5 to 13x13. 

The property will be constructed at 2500 Lone Star Drive on the north side of Interstate 30 just west of downtown Dallas. The surrounding area has a dense population, with more than 126,200 residents. The population is expected to grow by more than 10% before 2023.

Candace Rubin

The JLL Capital Markets team representing the borrower was led by Senior Vice Presidents Griffin Guthneck and CW Sheehan.

The JLL team that represented CSW Development in the land site acquisition included Managing Director Mark Newman and Associate Amelia Rohrman. Candace Rubin of Candace Rubin Real Estate represented the seller, SPCA of Texas, in the negotiation.

According to JLL Research, North Texas has been a growing market with a current population of 7.7 million. Within 10 miles of 2500 Lone Star Drive, the population has increased 15% since 2010 to almost 1.2 million and is forecast to continue expanding another 7% over the next five years. 

 Griffin Guthneck

Despite the large and increasing population statistics in the immediate area, the market is highly under-supplied from a self-storage perspective. The three- and five-mile radii have 3.08 and 2.92 square feet of supply per capita, respectively, which is well below Texas’ average of eight square feet per capita.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.

Mark Newman

 The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

About Central Southwest Texas Development, LLC:

The CSW Development team has over 90 years of experience in the real estate industry. Since their inception in 2004, they have successfully completed more than 100 real estate projects with a combined market value of over $700 million.

CW Sheehan

CSW currently has 22 projects under construction with a combined value of over $200 million, including three climatized self-storage facilities in addition to the Lone Star project. 

Contact:

 Kimberly Steele, Digital Content/PR Specialist

Phone: +1 713 852 3420

Email: Kimberly.Steele@am.jll.com

CSWDevelopment.com
 jll.com