Hold-Thyssen Brokers $2 Million Sale of Two Adjacent Multi-Tenant Office Buildings on Highway 50 in Clermont, FL

 Martin Forster

 CLERMONT, FL  --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently arranged the $2,100,000 sale of two adjacent multi-tenant office buildings totaling 9,000 usable square feet at 295 and 297 E. Highway 50 in Clermont.

 Hold-Thyssen’s Martin Forster, CCIM, negotiated the sale representing the Winter Park-based seller, Foley Properties, LLC, which owned the property for several years.

 

The owner occupied two of the suites for his own business.  Once he vacated, he leased out those suites and selected Forster to take the property to market. 

 

According to Forster, several bidders attempted to purchase the buildings and after a brief negotiation, a Groveland-based international investor acquired the property.

 

“It was an excellent value-add investment purchase for the new owner as well as an advantageous, well-timed sale for the seller,” Forster said.

Two adjacent multi-tenant office buildings
 totaling 9,000 usable square feet
 at 295 and 297 East Highway 50
 in Clermont, FL

The buildings constructed in 1986 on a half-acre site were 100 percent leased at the time of the sale. 

 

Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more than 100 commercial properties throughout the United States.

 

CONTACTS:

 

 

Martin Forster

 Senior Broker Associate

 Hold Thyssen, Inc.

321-299-4164

mforster@HoldThyssen.com

 

Anthony Fisher

 Vice President

Hold-Thyssen Real Estate Services

 407-691-0505

 afisher@HoldThyssen.com

Beth Payan

 Larry Vershel Communications Inc.

 407-461-3781

 beth@larryvershel.com

$100+ Million Silicon Valley Development Brings a “Retail Renaissance” to Menlo Park, CA with a New Luxury Destination Planned to be “Silicon Valley’s Answer to Rodeo Drive”

Mixed Use “Middle Plaza” Retail and Dining Development 

Spearheaded by Stephen Silver Fine Jewelry

 to Offer Bay Area’s Only “Must Stop” Destination

 for Upscale Shopping and Dining

 

Menlo Park, CA, March 3, 2023 -– Stephen and Jared Silver, principals of Stephen Silver Fine Jewelry, are opening Silicon Valley’s most significant new luxury retail and dining destination in Fall of 2023. In a prime location near downtown Menlo Park, CA, the ultra-luxurious 35,000+ square foot development, known as Middle Plaza, marks a significant evolution for the region’s luxury experiences and is the first upscale development of its size and scope. The Middle Plaza development creates a centralized shopping and dining destination in the SF Bay Area, complete with world-class boutiques, Michelin-star award winning chefs, and spaces designed by acclaimed designers. John Arrillaga Sr. Stephen and Jared Silver and the late visionary real estate mogul John Arrillaga Sr., in partnership with Stanford University, set out to radically evolve the local community by creating a new cultural hub showcasing high-end shopping, dining, and art in the heart of world-leading technology companies and venture capital firms. Although this $100+ million development is called "Middle Plaza", the zip codes the new development serves are anything but middle-of-the-road, and consistently rank among the nation’s most affluent. According to NBC Bay Area KNTV Channel 11, almost half the USA’s 100 most expensive zip codes are located in the San Francisco Bay Area. “In 2018, John (Arrillaga), Jared, and I agreed that the Middle Plaza development should answer the local community’s need for a new gathering space and destination that remains locally grounded yet rivals the world’s great shopping cities,” says Stephen Silver, CEO and Chairman of Stephen Silver Fine Jewelry. “Middle Plaza marks the next chapter in the evolution and growth of Stephen Silver Fine Jewelry,” says Jared Silver, “and, with the help of our brand and local project partners, we will create a new standard of experiential luxury retail and dining in the Bay Area.” To help him manifest the vision, Jared Silver recruited iconic Bay Area-based interior architect Jon de la Cruz to design uniquely different experiences on each floor of the three-story development. Menlo Park, CA The ground floor will host six to seven mono-brand boutiques: one dedicated to Stephen Silver Fine Jewelry and others to partners including a new BVLGARI boutique concept, and a number of Switzerland’s most exotic watchmakers including MB&F, H. Moser & Cie, Roger Dubuis, and additional brands to be announced shortly. Jon de la Cruz The second floor will host a ~4,000+ square foot indoor-outdoor apartment-lounge styled showroom featuring a world- class selection of watch and jewelry partners including MESSIKA, Hermes, Urwerk, Greubel Forsey, Laurent Ferrier, Bovet, Ressence, Louis Erard, Arnold & Son, and many more. The third-floor penthouse level of this grand townhouse- style building will host Stephen Silver’s high jewelry salon and their new corporate headquarters. Middle Plaza will also be home to multiple dining experiences, including restaurateur Ayesha Thapar’s newest culinary experience, called Eylan, a highly anticipated encore to her Michelin-acclaimed Cal-Indian fusion Palo Alto-based restaurant named Ettan. Betsy Nash Previous Mayor and current City Council Member of Menlo Park, Betsy Nash, states, “The City of Menlo Park is looking forward to the opening of Middle Plaza. Its new residents, offices, retailers such as Stephen Silver Fine Jewelry, and Ayesha Tharpar’s new Indian restaurant, will be exciting additions and a new center of vitality in our town.”

Stephen and Jared Silver - Onysko Photography

Ayesha Thapar: “We are excited to bring our new restaurant concept to life in Middle Plaza, that promises to become a landmark destination for the community. El Camino is going through a complete revival with developments like this infusing a vibrance to Menlo Park with new and exciting dining and retail options.” Ayesha Thapar Jon de la Cruz: "The spaces where you shop and dine should be as luxurious as the goods you purchase and the food you eat. Working with the Silvers to create this environment brings a new aesthetic to shopping in Menlo Park. As a San Francisco native, we worked to make sure the identity of the Bay Area compliments this new upscale retail space, making it both luxurious and local."

CONTACT: Ana Martins Communications 654 Madison Ave Suite 1801 New York, NY 10065 T: 212.333.2085 F: 866.548.5448 info@anamartinspr.com www.anamartinspr.com shsilver.com