Citywide Commercial Inks Major Medical Lease Renewal at Park Central in Phoenix, AZ

Bo Sederstrom

PHOENIX, AZ – Boutique metro Phoenix brokerage firm Citywide Commercial has completed a 56,000-square-foot lease renewal that keeps District Medical Group’s (DMG) Children’s Rehabilitative Services at Park Central, a rapidly emerging hub for medical education and services in Phoenix’s midtown submarket.

The lease will extend DMG’s presence at Park Central for 10 years and continue its participation in the revitalization of Park Central – an effort directed by Plaza Companies and Holualoa Companies to transform the city’s first large-scale mall into an almost 500,000-square-foot mixed-use project.

Most recently, this transformation has included a strong medical focus with the groundbreaking of a new $100 million Creighton University health sciences campus, able to support nearly 900 students, and activity by the Creighton University Arizona Health Education Alliance. 

Supported by Creighton University, Dignity Health, Valleywise Health (formerly Maricopa Integrated Health System) and DMG, the Alliance is based out of Park Central and focuses on expanding physician education and training in the Valley.

“Park Central is quickly becoming a major new medical hub in Phoenix, both for education and for patient services,” said Citywide Commercial Senior Vice President Bo Sederstrom, who represented DMG in their lease negotiations. 

“This is great news for Phoenix, which consistently ranks as one of the fastest growing populations in the nation. Groups like DMG will help us to keep pace with that growth and the associated rise in demand for quality medical care.”

DMG Children’s Rehabilitative Services is the only multi-specialty interdisciplinary clinic in Maricopa County providing care to Arizona children with special needs. 

Located at 3141 N. 3^rd Ave. in Phoenix, on the southwest corner of Central Avenue and Osborn Road, the office serves infants through age 21 with over 85 medical providers and more than 25 pediatric specialties. 

It also provides services ranging from labs and x-rays to education and support. DMG has been a tenant at Park Central since 2013.

 CONTACT:

Stacey Hershauer

480.600.0195

stacey@focusaz.com

 www.citywidecre.com.

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Royal Palm Residences Reaches 35% Sales in First 45-Days from Launch in Boca Raton, FL

Royal Palm Residences, 475 E. Royal Palm Road
 downtown Boca Raton, FL

BOCA RATON, FL- Just weeks after opening its brand new, state-of-the-art sales gallery, Royal Palm Residences announced it is 35% sold, exceeding expectations by a significant margin.

 In late January, Boca-based Group P6 kicked off sales, opening a 4,500 square foot luxury sales center at 475 E. Royal Palm Road in downtown Boca Raton, site of the new development.

 The highly anticipated nine-story, 48-residence condominium project is scheduled to be delivered in 2022.

“We knew there would be high demand for this type of luxury boutique product, but it’s selling even quicker than we ever anticipated,” said Ignacio Diaz, Managing Partner at Group P6.

 Bambi Ross

 “On the heels over our very exceptional opening quarter, we are now fielding numerous calls from numerous clients in the Northeast who are strongly considering leaving dense city life for more green space & walkability & lower taxes.

"Our sales team has gone from receiving 1-2 leads a day from those areas to now 10-12 a day.”

Sales of the project is being handled by ONE Sotheby’s International Reality. Their sales team led by Bambi Ross, says that there are number of factors contributing to fast pace of sales, include walkability and the fact that the homes are the perfect size for empty nesters or those looking for second homes near the ocean.

Ignacio Diaz

 Royal Palm Residences offers three to five-bedroom residences ranging from 2,425 to 7,168 square feet, ample room for families looking to downsize without sacrificing much space. 

 World-renowned, Suffolk Construction, general contractor, has been working on the project. Zelman Style Interiors is taking care of all interior design.

For more information about Royal Palm Residences or to schedule a private showing at the project, please call (561) 948-4051 or visit https://www.rpresidences.com/.

CONTACT:

Lauren Berger

Account Director

BoardroomPR

lberger@boardroompr.com

O 954-370-8999

C 954-551-0757

www.groupp6.com 

South Florida's Miramar Park of Commerce Completes 153,110 SF in Lease Renewals

Maridee Bell 

  

MIRAMAR, FL – Lease renewals totaling 153,110 sq. ft. of space have been signed at the Miramar Park of Commerce, South Florida’s largest locally owned and managed business park.

“We are thrilled that these well-established companies will continue on as valued tenants at the Miramar Park of Commerce,” said Sunbeam Properties Vice President Maridee Bell.

Lauren Pace

“The Park’s easy access to major roadways, local ownership and management and our ability to meet today’s diverse business needs appeals to local, national and international companies.”

Renewing leases were:

A warehouse and service facility for electrical generators, associated parts and equipment, Simply Reliable Power Incorporated renewed its lease for 49,352 sq. ft. for its headquarters in MPC 10 at 10151 Business Drive. The international company has sold and supported more than 50,000 generators in more than 38 countries in Latin America and the Caribbean.

 A.J. Belt

Nutrition Formulators, Inc. renewed its lease for 36,648 sq. ft. of space in building MPC-17 at 10407 N. Commerce Parkway. Nutrition Formulators manufactures safe and effective nutraceutical products.

Consilio renewed its lease for 21,102 sq. ft. in building MPC-12A at 2830-2870 N. Commerce Parkway. Consilio is a global leader in eDiscovery, document review, risk management and legal consulting services. 

 A.J. Belt of Cushman & Wakefield represented Consilio in the transaction.

 Tom O’Loughlin 

Global distributor and fabricator of plastic products for signage, and the industrial, construction, aerospace and medical industries, Polymershapes renewed its lease for 20,039 sq. ft. of space in building MPC-28 at 9624-9632 Premier Parkway. Rick Etner of Cushman and Wakefield represented Polymershapes in the transaction.

Twenty-five years ago, Nissan North America, Inc. opened a training facility in the Miramar Park of Commerce and has renewed its lease of 15,548 sq. ft. in building MPC-6N at 3201 Executive Way. 

 Tom O’Loughlin of CBRE, Inc. represented Nissan North American, Inc. in the transaction.

The Miramar-based homeowners association, condo and rental property management services company, Association Services of Florida, renewed its lease for 10,421 sq. ft. in building MPC-1A at 10112 USA Today Way.

             Bell and Lauren Pace of Sunbeam Properties & Development represented the Park in all transactions.

 For more information, please contact Lauren Pace (lpace@wsvn.com) or Maridee Bell (mbell@wsvn.com) at 10212 USA Today Way, Miramar, FL 33025 or call 954-450-7900.

CONTACT: 

Samantha Van Nuys

O: 954.776.1999  ext. 115 |C: 954.648.9132

6451 North Federal Highway, Suite 1200 |Fort Lauderdale, Florida 33308
More than 100 partner agencies in markets worldwide

Lincoln Property Company Retained as Property Manager for Dolphin Corporate Park in South Florida

Dolphin Corporate Park, 11410 and 11430 NW 20^th Street, Northwest Miami-Dade County, FL

MIAMI, FL – Lincoln Property Company Southeast (LPC), a full service commercial real estate firm headquartered in Dallas, was recently retained as Property Manager by Innovatus Capital Partners, LLC (Innovatus), an independent advisor and portfolio management firm based in New York City , for its newly acquired Dolphin Corporate Park.

Diego I. Juncadella

 The ±164,509-square foot Class A office campus is located in the city of Sweetwater in northwest Miami-Dade County .

  It consists of two three-story office buildings built in 2008 on 9.24 acres at 11410 and 11430 NW 20^th St .

Diego I. Juncadella, Vice President-South Florida, said over the last 22 months LPC has assisted Innovatus in closing 10 properties across the country with Dolphin Corporate Park being the latest acquisition.

“This purchase continues to align with our consistent approach to acquire cash flowing, high-quality commercial office properties located in strong growth markets across the U.S. with a secure and resilient tenant rent roll,” said Bradley Seiden, Managing Director at Innovatus.  

“We look forward to continuing our relationship with Lincoln Property and becoming part of the growing greater Miami metro.”

 “Through a challenging closing environment, our strategic partners – lenders, operators, attorneys and vendors – all stepped up to meet their obligations, which contributed to a successful closing,” Seiden added.

Edward J. Price

As a result of this acquisition, the LPC-managed portfolio for Innovatus now exceeds 2.3 million square feet, according to Juncadella.

Anchor tenants at the office center - which is 94.2 percent occupied – include Humana (CarePlus); ADT Security Services; ATF (GSA); Food and Drug Administration (FDA); US Bank; Banco Santander and Brickell Bank.  

  “These credit tenants were attracted to the Dolphin Corporate Park ’s build quality, which exceeds Florida ’s demanding building codes for hurricane safety standards and N+1 power redundancy," said Edward J. Price, Senior Vice President for LPC.

"These key attributes provide a value proposition to tenants in South Florida who, now more than ever, need assurance of business continuity in their office space.”

Art Fernandez

Dolphin Corporate Park ’s strategic proximity to both the Dolphin Expressway and Florida ’s Turnpike along with the adjacent 1.4 million square-foot Dolphin Mall offering numerous dining and retail amenity options for tenants, are among the reasons the property has maintained an average of 95 percent occupancy with credit tenants. 

In addition to those location advantages, the state-of-the-art disaster-resistant construction is unsurpassed as the two buildings have been rated as the only category 5 hurricane resistant office buildings in Miami-Dade, according to Price. 

“This competitive advantage is expected to attract tenants on a long-term basis,” he said.

LPC’s Director of Property Management Art Fernandez who will oversee the property can be reached at 305-607-7963.

 CONTACTS:

 Diego I. Juncadella, Vice President-South Florida , Lincoln Property Company Southeast; 786-762-3076 djuncadella@lpc.com

Edward J. Price, Senior Vice President, Lincoln Property Company Southeast, eprice@lpc.com 407-872-3500

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

innovatuscp.com.