Thursday, January 16, 2020

NAI Realvest Promotes Chris Adams to Vice President

Chris Adams 

ORLANDO, FL --- NAI Realvest, which ranks as one of the regions largest commercial real estate services companies and one of most active developers of industrial facilities in Central Florida , has promoted broker Chris Adams to Vice President.

Patrick Mahoney, President and CEO, said Adams joined NAI Realvest eight years ago and he specializes in industrial and office sales, leasing, marketing, tenant and landlord representation and acquisitions.  

Patrick Mahoney
 “Chris has facilitated our growth at NAI Realvest and we anticipate that he will continue to be a leader in the market,” Mahoney said.

 A fourth generation central Floridian to embrace real estate as a career, Adams holds a Bachelor’s Degree from Florida State University where he majored in business real estate and minored in economics.

 Adams also achieved the Masters in Commercial Properties (MiCP) designation and is an active member of the Central Florida Commercial Association of Realtors. 


Patrick Mahoney, President / CEO NAI Realvest 

 Beth Payan, Larry Vershel Communications, 
407-644-4142 or 407-461-3781

NAI Realvest Closes on New Long-Term Lease in Lake Mary, FL to Established Orange City based Gastroenterology Practice

 Mary Frances West

LAKE MARY, FL and  ORLANDO, FL  ‒ NAI Realvest recently negotiated a new long-term lease agreement for medical professional office space at The Commons at Primera, a Class A suburban office park in Lake Mary off of Rinehart Road at 795 Primera Blvd. 

Gabriel Carrido 
 Dr. Vishal Gupta of Gastro MD, LLC, an established gastroenterologist in Orange City is the new Tenant. 

 Dr. Gupta is expanding his practice into the Lake Mary market and plans to open at the additional location in the first quarter of this year.

 Mary Frances West, CCIM Vice President at NAI Realvest negotiated the lease of the 3,500 square foot suite on behalf of the landlord Roaring Fork 2, LLC based in Palm City , Fla. 
Gabriel Carrido of Coldwell Banker AI Group in Orange City represented the Tenant.


Mary Frances West, CCIM, Vice President, NAI Realvest,

Patrick Mahoney, President / CEO, NAI Realvest, 

Beth Payan, Larry Vershel Communications, 

JLL closes $9.2 million sale of Fidelity Building Services Group HQ in Sparks, MD

25 Loveton Circle in Sparks, MD, a 52,535-SF flex building that serves as the headquarters for Fidelity Building Services Group

BALTIMORE, MD – JLL Capital Markets announced it has closed the $9.2 million sale of 25 Loveton Circle in Sparks, Maryland, a 52,535-square-foot flex building that serves as the headquarters for Fidelity Building Services Group, a 75-year old integrated building services engineering firm with 22 locations in nine states throughout the Mid-Atlantic and Gulf Coast.

Andrew Finkelstein
JLL represented the seller, Fidelity Building Services Group, and procured the buyer.

25 Loveton Circle was long term leased to Fidelity Building Services on an absolute net basis.  

The single-story property features 80% office and 20% warehouse space, including an 1,800-square-foot auto shop to service the company’s fleet of service vans.

  Positioned on 5.39 acres within the Loveton Business Park, the asset is located in the I-83 Corridor submarket, approximately 21 miles north of Baltimore City.  

Jay Wellschlager
This location is proximate to several major highways connecting the property to the entire Baltimore Metro and Pennsylvania, including Interstates 83 and 95 and the Baltimore Beltway. 

 Light Rail Service is available at the nearby Hunt Valley Towne Center, a 900,000-square-foot “main street” retail center.  

Additionally, 25 Loveton Circle is surrounding by numerous shopping centers, restaurants and major corporations.

JLL’s Capital Markets team representing the seller was led by Managing Director Jay Wellschlager, Vice President Andrew Finkelstein and Senior Analyst Elizabeth Runge, along with support from JLL’s Net Lease team led by Senior Vice Presidents Tivon Moffitt and Peter Bauman. 

Tivon Moffitt 
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.

 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.

Peter Bauman
About Fidelity Building Services Group

Fidelity Building Services Group was founded in 1945 as a full-service Mechanical Engineering, Contracting and Service company that introduced air conditioning, refrigeration and process cooling to a new and exciting marketplace. 

The advent of air conditioning went on to revolutionize the entire building industry and Fidelity has been on the leading edge ever since. 

Today, its geographic footprint has grown beyond the Mid-Atlantic, extending South through Texas. 

With over 1,000 employees, 75 years of experience, and an intense focus on delivering Proactive, World-Class Service, Fidelity is established as a premier provider of high-performance building solutions.


Kristen Murphy
JLL Senior Manager
Public Relations 
Phone: +1 617 848 1572

JLL arranges financing for Mansfield, TX apartments

Cortney Cole
HOUSTON, TX – JLL Capital Markets announcedit has arranged acquisition financing for a multi-housing community located in the Fort Worth suburb of Mansfield, Texas.

JLL worked exclusively on behalf of Hilltop Residential to arrange the four-year, interest-only, fixed-rate acquisition loan through a life insurance correspondent lender.

The community was completed in two phases in 2015 and 2017. The property, which is equidistant between downtown Fort Worth and Dallas, is situated along the newly expanded State Highway 360 near Lake Prairie Town Crossing, Grand Prairie Premium Outlets, Arlington Highlands and The Parks at Arlington. 

Steve Heldenfels
Residential units average 962 square feet and feature granite countertops, stainless steel appliances, kitchen islands, plank flooring, full-size washer and dryer connections and pet yards in select homes. Community amenities include a resort-style swimming pool, outdoor lounge, state-of-the-art fitness center, yoga room, dog park and available private garages.

The JLL Capital Markets debt placement team representing the borrower included Managing Directors Cortney Cole and Steve Heldenfels.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.


 Olivia Hennessey
JLL Senior Associate
 Public Relations
Phone: +1 713 852 3403