Exclusive Skyline Executive Office in downtown Orlando Sold for $2.7 Million

John Kurtz,

ORLANDO, FL  – Downtown Orlando ’s most exclusive rooftop executive office with 360 degree views of “The City Beautiful” and a highly sought-after outdoor work space has just sold for $2.7 Million to an Orlando based entity. 

 

The Stirling International team of John Kurtz, CCIM and Roger Soderstrom, Jr. negotiated the sale on behalf of the seller RSC Plaza Office Condos, LLC.

Roger Soderstrom, Jr.

The Buyer, represented in the transaction by Ben Becton with Keller Williams Realty of Lakeland, said "the use of the unique high-end property is currently still under wraps, but they look forward to announcing more on the project later this Spring.  

"Those in the know are very excited about what the project will bring to the downtown community including 50 plus new jobs once open for business."

The full 21^st floor penthouse in the South tower of The Plaza located at 189 S. Orange Ave. at the corner of Church Street is the second major sale made by Stirling International’s Kurtz and Soderstrom within the last four months.

Ben Becton

In September the duo represented seller RCS Plaza Office Condos, LLC, part of Denver-based Real Capital Solutions, in the $2.2 Million sale of nearly half of the 20^th floor in The Plaza’s south tower to UK-based Epos Now point-of-sale software provider.

CONTACTS:

Roger Soderstrom, Jr., Broker, Stirling International Real Estate 27 N. Summerlin Ave. Orlando, FL 32801; 

407-250-1000 roger@stirlingire.com

John Kurtz, Broker, Stirling International Real Estate, 
JKurtz@StirlingIRE.com 
(407) 250-1000

           

Beth Payan, Larry Vershel Communications Inc. 
407-644-4142 

or (cell) 407-461-3781 
beth@larryvershel.com

NAIOP South Florida Announces Officers of the 2020 Board of Directors

  

Stephanie Rodriguez

 FORT LAUDERDALE, FL (Jan. 8, 2019) – NAIOP South Florida, the Commercial Real Estate Development Association, has announced the following officers for its 2020 Board of Directors:

 Ryan Nee

• President: Duke Realty Vice President of Leasing and Development Stephanie Rodriguez
• President-Elect: Marcus & Millichap First Vice President and District Manager Ryan Nee
• Secretary: Legacy Bank of Florida Senior Vice President of Commercial Lending Patricia Bedley
• Treasurer: Procacci Development Corporation Chief Financial Officer Alex Gulick

Patricia Bedley

 “As president, my goal is to further engagement and interest in NAIOP among the individual markets and localities that comprise the unique commercial real estate industry of South Florida,” Rodriguez said.

 Alex Gulick

“NAIOP is an organization that thrives through its members’ collaboration and participation. I look forward to facilitating such relationships and have no doubt that they will enhance personal, professional and economic development throughout our chapter."

 Heidi Davis-Knapik

 Executive committee members are: Ciminelli Real Estate Services of Florida Managing Director Marty Busekrus; Kyle Jones; Gunster shareholder and attorney Heidi Davis-Knapik; Bridge Development Partners Vice President Brian Latta; Avison Young Principal Greg Martin; and Miller Construction Company Senior Vice President Traci Miller. Darcie Lunsford of Butters Realty & Management is immediate past president.

Jules R. Morgan

 “With the caliber of our 2020 board leadership, we’re expecting a truly phenomenal year,” said NAIOP South Florida Executive Director Jules R. Morgan. “We’re eager to hit the ground running with exceptional programming, new networking opportunities and a revitalized focus on membership engagement encompassing the totality of the South Florida commercial real estate community.”

Susan Imbrigiotta

 2020 Board of Directors members are:

• Berger Commercial Realty President and CEO Lloyd Berger;
• Foundry Commercial Vice President David Blount;
• Brody & Associates Managing Shareholder Evan Brody;
• Risk Strategies Company Senior Vice President Dan Cioci;
• Grover Corlew Principal and NAIOP Corporate board member Mark Corlew;
• FirstPointe Advisors Managing Partner Brian DePotter;
• Marcus & Millichap First Vice President and NAIOP Palm Beach Bus Tour Chair C. Todd Everett;
• Genet Property Group President Ben Genet;
• Prologis Vice President Jonathan Guffey;
• Parkway Real Estate Services Principal John Guitar;
• City National Bank Managing Senior Vice President Susan Imbrigiotta;
• GFA International President Fred Kaub;
• Colliers International South Florida Vice Chairman of Institutional Investor Services Ken Krasnow;
• Stiles President Paul Marko;
• Sunbeam Properties & Development Leasing Associate and NAIOP Broward Bus Tour Chair Lauren Pace;
• CBRE First Vice President and NAIOP Miami-Dade Bus Tour Chair Michael Silver;
• Tower Commercial Real Estate Senior Managing Director Stephen Smith;
• Current Builders President Michael Taylor; and
• Cushman & Wakefield Executive Director Christopher Thomson.  

 Lauren Pace

 The 2020 Board of Directors also includes an active Emeritus Board, which consists of: Stiles Corporation Vice Chairman Doug Eagon; Colliers International Executive Vice President John Geisen; Alice Lucia-Jackson, former senior vice president for JLL; Miller Construction Company President Harley W. Miller; Liberty Property Trust Vice President Andy Petry; Stearns Weaver Miller Weissler Alhadeff & Sitterson Shareholder George A. Pincus; Akerman LLP Real Estate Practice Group Chair Eric D. Rapkin; Avison Young Managing Director Pike Rowley; Sharpe Project Developments, Inc. President Orlando Sharpe; Buchanan Ingersoll & Rooney PC Shareholder Adele Stone; and Avison Young Senior Vice President Eric Swanson.

 For more information about NAIOP South Florida, please visit naiopsfl.org.

 Alice Lucia-Jackson

About NAIOP South Florida:

NAIOP South Florida is the largest chapter of NAIOP in the state. With more than 350 members representing constituents in Miami-Dade, Broward, Palm Beach, Martin and St. Lucie counties, the chapter is the leading commercial real estate development organization in the region.

 Adele Stone

 NAIOP supports commercial real estate professionals with advocacy, education and business opportunities and connects its members through a powerful North American network.

For more information, please visit naiopsfl.org.

John Geisen

About NAIOP:

NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.

Darcie Lunsford

NAIOP comprises 19,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, please visit naiop.org.

Doug Eagon

Media Contact:

Lexi Robinson

954-776-1999, ext. 255

lrobinson@piersongrant.com

GLT Group Brokerage Arranges $9.7 Million Sale of Publix-Anchored Shopping Center in Holiday, FL

67,147-SF Holiday Centre, at 4645 Sunray Drive, 3 miles north of Downtown Tarpon Springs, was 100% Leased at Sale Date

                                 

MIAMI, FL — GLT Group Brokerage announced the sale of Holiday Centre in an off market transaction. The 67,147- square foot grocery anchored shopping center property is located in Holiday Pasco County, Fla. 

Sean Ziv

 Major tenants include Publix Super Market, Planet Fitness Gyms and Verizon Wireless. 

GLT Group Brokerage represented the seller a Miami Based company and procured the buyer, a private individual in a 1031 exchange.

The shopping center was sold for $9.7 million. 

“The shopping center is well-positioned with great visibility on US 19 and Sunray Drive. Only 3 miles north of Downtown Tarpon Springs, which is a major tourist destination” says Sean Ziv, CEO of GLT Group. 

The center had a 100 percent occupancy rate at the time of the sale.

 CONTACT:

Ran Ziv

444 Brickell Avenue Suite 730 Miami, FL 33131 USA License FL SL3278866 License CA 01918311

+1 (786) 860-5982  Office +1 (858) 248-3980  US mobile rziv@thegltgroup.com  www.thegltgroup.com.

Harbert Realty Services Adds New Senior Vice President Randy Jackson to Florida Team

Randy Jackson

ORLANDO, FL -- Harbert Realty Services welcomes Randy Jackson as new Senior Vice President to the Florida Team.

Randy will drive Harbert Realty’s continued growth into the active Jacksonville, Florida market and expand its Florida footprint. “It is a significant win to add Randy Jackson to the Harbert Team,” stated David Williams, CEO of Harbert Realty.

David Williams

“He brings immediate credibility and real estate acumen to our Jacksonville platform.” Randy will focus on the office and industrial segments of the market but is also charged with facilitating development of all segments of Harbert’s platform in Jacksonville, including; leasing and property management, investment sales and tenant representation.

Randy, a native of Jacksonville, has over 31 years of experience in commercial real estate with several leading commercial real estate firms, such as Marcus & Millichap, CBRE, Trammell Crow Company and Liberty Property Trust.

Josh Smith

Randy has consistently been a top CRE performer in Central and Northeast Florida and has completed more than 650 transactions totaling more than 4 million square feet and over $400 million in total value.

Randy has a Bachelor of Science in Marketing from Florida State University and has been a Licensed Real Estate Broker in the State of Florida for over 25 years.

Harbert Realty Services opened its Orlando, Florida office in June 2017 and continues to expand into central Florida markets. Josh Smith, Vice President and Managing Director, heads the Orlando office.

 “As our brokerage operation continues to grow, having leading market experts on our team is critical to providing the level of service that Owners and Occupiers of commercial real estate are accustomed to getting with the Harbert Realty brand.” stated Smith.

 “Having Randy is key to providing the kind of service and market expertise that our clients expect and appreciate. I’m delighted to have him join our team.”

CONTACT:

Kim V Washington | Creative Manager

Harbert Realty Services

2 North 20^th Street, Suite 1700 |

 Birmingham, AL 35203

P: 205.323.2020 | D: 205.918.8104

www.harbertrealty.com

Levin Johnston Completes $23 Million Sale of Multifamily Community in Bay Area Submarket of San Bruno, CA

Park Plaza, a 49-unit multifamily community at 2081 Whitman Way in the Bay Area submarket of San Bruno, CA

SAN BRUNO, CA – Levin Johnston of Marcus & Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully represented the buyer and the seller, both private investors, in the $23 million sale of Park Plaza, a 49-unit multifamily community at 2081 Whitman Way in the Bay Area submarket of San Bruno, California.

Adam Levin

Adam Levin, Executive Managing Director, and Robert Johnston, Senior Managing Director of Levin Johnston, were the exclusive listing agents for the recently renovated property, and also helped the seller trade into a larger asset in a 1031 exchange transaction, Levin notes.

“Through strategic upgrades, the seller brought an attractive, amenitized multifamily community to this highly in-demand Peninsula submarket, achieving a premium price that allowed him to exchange into a larger asset and expand his portfolio with improved economies of scale,” says Levin.

“In turn, we were able to present the buyer with this rare opportunity to acquire a multifamily asset in the heart of the Bay Area. Ultimately, this deal demonstrates our company’s leadership as advisors in helping our clients grow and sustain wealth through a diversity of strategies.”

Robert Johnston

According to Johnston, the city of San Bruno is in a prime location in San Mateo County, which is experiencing tightening vacancy and 4.4%year-over-year rent growth.

He explains: “Situated just 10 miles south of Downtown San Francisco and adjacent to San Francisco International Airport, San Bruno is a thriving area of Northern California with strong employment fundamentals.”

The subject property is located less than a mile from YouTube’s current headquarters, and the proposed 2.3 million square-foot headquarters expansion project is predicted to add approximately 10,000 new jobs to the area over the next 20 years.

“This will greatly benefit the buyer by ensuring continued steady demand for multifamily units for the long term,” continues Johnston.

Originally constructed in 1964, Park Plaza is an approximately 65,900 square-foot apartment community located on a 1.28-acre lot. The property features a mix of studio, one-bedroom, and two-bedroom units.

Contacts:

Alex Caswell / Jenn Quader 

Brower Group

(949) 438-6262

acaswell@brower-group.com

www.levinjohnston.com.

levinjohnston.com.

Daum Commercial Brokers 67,182-SF Industrial Lease for CED Greentech in Phoenix, AZ

CEDGreentech, a division of Consolidated Electrical Distributors, leased 67,182 SF for seven years at this East Valley, AZ industrial property in Phoenix at 4535 E. Elwood Street 

PHOENIX, AZ) – DAUM Commercial Real Estate Services recently completed the seven-year lease of 67,182 square feet of Class A light industrial space in Phoenix, Arizona, on behalf of the lessee, CEDGreentech, a division of Consolidated Electrical Distributors. 

The lessor is international real estate investment manager Exeter Property Group. The total consideration of the lease is approximately $4.1 million. The property is located at 4535 E. Elwood Street in Phoenix, Arizona.

Sebastian Sica

The tenant, a full-service wholesale distributor of residential, commercial, and utility-scale solar, electrical, and renewable energy products, is relocating and expanding its headquarters from nearby Tempe, according to Sebastian Sica, an Associate at DAUM, who completed the lease alongside DAUM Executive Vice President Rich Sica. 

“This was a rare opportunity for our Client to acquire one of the last available suites in Exeter’s state-of-the-art Hohokam 10 Business Center development,” explains Sebastian, who notes that Phoenix industrial vacancy fell to sub-7-percent levels in Quarter 3.

“This lease and expansion will provide Greentech with ample space to seamlessly continue its ongoing sales and distribution operations, while additionally featuring a greenhouse lights showroom highlighting the firm’s eco-friendly capabilities and products.”

Rich Sica

According to Sebastian, CED Greentech was attracted to the East Valley location for its Interstate 10 frontage and easy access to Interstate 17 and State Route 143, as well as its close proximity to Tempe, where the firm has conducted business and built relationships for more than 15 years.

Rich Sica adds: “We’ve maintained a close relationship with the lessee for nearly two decades, cultivating a deep understanding of how Greentech and its parent company operate in the market. This new location is part of CED’s formation of a central, freeway-adjacent hub in Phoenix.”

Rich notes that earlier this year, DAUM helped the firm secure a 51,105 square-foot industrial warehouse located at 1717 E. Rairdan Lane in Phoenix, approximately five miles from CED Greentech’s new location.

The property offers ample loading doors, large truck courts, an ESFR sprinkler system, 24-foot clear height, and more than 7,600 square feet of office space. 

  

Contacts:

Katie Haga / Elisabeth Manville
Brower Group
(949) 438-6262
khaga@brower-group.com

www.daumcommercial.com