Showing posts with label FL. Show all posts
Showing posts with label FL. Show all posts

Thursday, August 13, 2020

Marcus & Millichaps Arranges $2.5 Million Sale of Taco Bell Property in Umatilla, FL


Debra L. Franklin
UMATILLA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Taco Bell - Umatilla, FL, a 2,079-square foot net-leased property located in Umatilla, FL, according to Ryan Nee, Regional Manager of the firm’s Miami office. The asset sold for $2,570,000.

Justin R. Sturdivant
Debra L. Franklin, First Vice President Investments in Marcus & Millichap’s Miami office and Justin R. Sturdivant, Senior Investment Associate in Marcus & Millichap’s Nashville office, had the exclusive listing to market the property on behalf of the seller, a developer.
   
“The sale of the new construction Taco Bell brought its own unique challenges," said Franklin.

"Within weeks of bringing the opportunity to the market, the investment went under contract with an exchange buyer based in NYC; however, buyer’s down leg closing, despite hard deposits, was negatively impacted by COVID-19."  

Luke Sherlock
 "The long-term NNN Lease with annual rent increases was brought back out to the market mid-pandemic.” 

Umatilla is known as the Gateway to the Ocala National Forest in northern Lake County part of central Florida and considered to be a smaller market.

The corner site out positioned the competition and continues to post strong sales performance even with mandated dining room closures, thanks to its outstanding operator and their strategic growth strategy with the #4 TACO BELL Brand according to the recently published QSR 50/2020 – “capable of irreverent stunts in the middle of the pandemic.”

Taco Bell - Umatilla, FL, 356 North Central Avenue, Umatilla, FL.

The buyer, a Florida limited liability company, was secured and represented by Luke Sherlock.

CONTACTS:

Ryan Nee
Vice President
and Regional Manager
 Miami, FL
(786) 522-7000


Ocea Huggins
Acting Operations Manager – Miami
Operations Manager – Orlando and Jacksonville
Marcus & Millichap
300 South Orange Avenue
Suite 700
Orlando, FL 32801
(407) 557-3840 direct
(407) 557-3800 main
(407) 927-0313 mobile
(407) 557-3810
ocea.huggins@marcusmillichap.com



Marcus & Millichap Brokers $2.5 Million Popeyes Site Sale in Fort Pierce, FL


Debra L. Franklin
FORT PIERCE, FLAug.13, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Popeyes - Fort Pierce, FL, a 2,265-square foot net-leased property located in Fort Pierce, FL, according to Ryan Nee, regional manager of the firm’s Miami office. The asset sold for $2,528,486.

 Justin R. Sturdivant
Debra L. Franklin, First Vice President Investments in Marcus & Millichap’s Miami office and Justin R. Sturdivant, Senior Investment Associate in Marcus & Millichap’s Nashville office had the exclusive listing to market the property on behalf of the seller, a developer. 


Ryan Nee
“New Construction QSR with long-term absolute net leases in the State of Florida remain an asset class that attracts strong demand from 1031 Exchange Buyers, as well as private investors," said Franklin. 

"This investment opportunity went under contract while still under construction with a ten-day Inspection Period and closed escrow within a few days of receipt of CO.”   

The 3400-unit Popeyes brand demonstrated their strength to adapt to the needs of their consumers during the pandemic with same stores sales rising nearly 29% in the U.S. in quarter ending June 30.

  Recent post we loved from Popeyes Market Director - “Popeyes has been bullet proof during these unprecedented times.”

Popeyes - Fort Pierce, FL, 4946 South 25th Street




CONTACT:

Daniella Aragon
Daniella.Aragon@marcusmillichap.com



Wednesday, July 15, 2020

Mana Makes Key Hires Ahead of Miami Development Kickoff


Albert Maloof Berdellans III 

Miami, FL— MANA Group CEO Moishe Mana is ready to kick off the initial phase of his ambitious development plan to reinvigorate the Miami landscape, and is building his organization to support this effort. 

 The following executive-level hires have been made in the areas of marketing, leasing and information technology: 

Moishe Mana
    
 Albert Maloof Berdellans III joins as Vice President of Marketing and Communications. Berdellans was most recently VP of Marketing at SWARM, a longtime MANA partner and one of the largest event companies in Florida.

Prior to that, he was the top marketing executive at Ultra Music Festival, where he spent seven years transforming the brand from a small, Miami-based music festival into an international powerhouse of live entertainment on all six inhabited continents.


 Pauldine France

“We are not just doing real estate development; we’re reinventing the Flagler District as the economic engine of Miami,” said Mana, Miami’s largest landowner. “This requires a broader expertise from proven professionals that share our vision for what a Miami neighborhood can be.”

 Pauldine France joins MANA as Vice President of Leasing. France brings more than 15 years of commercial real estate leasing experience, including the development of the Virgin Trains Miami Central Terminal, as well as transformative projects in Wynwood, Aventura and Surfside.


Michelle Abbs

 France’s mandate is to support MANA Group’s development goals using real estate to nurture fashion, technology and the arts in Miami.

 Michelle Abbs joins MANA as Director of Mana Tech. Abbs has more than a decade of experience working with tech startups in the Miami area and is an expert in technical education.

 Prior to joining MANA, Abbs was Director of Babson College’s WIN Lab where she led the program’s goals to develop South Florida’s tech entrepreneurship and innovation landscape.




Her expertise is expected to be critical as MANA Tech seeks to attract unicorn technology companies to Downtown Miami and establish a global hub for the tech sector.

 The first project is the renovation of a 40-year-old 13-story, 166,000-square foot building located at 155 S. Miami Ave., which previously housed the federal immigration offices. 

The building is being entirely reimagined with the help of Zyscovich Architects, which helped create MANA’s master redevelopment plan.   Construction is scheduled to begin by Q3.

155 S.outh Miami Avenue, Miami, FL

 Moishe Mana and The Mana Group are real estate developers and owners in the process of transforming Miami from a tourist destination into a vibrant, diversified city with art, fashion, technology, and a global trading hub. 

Mana is Miami’s largest landowner and is in the early stages of redeveloping the Flagler Street corridor.  He is known for shaping the artistic renaissance of Wynwood into Miami’s number-one tourist destination, featuring street murals, restaurants, galleries, boutiques and vibrant marketplaces and events.

  For more information, please visit http://managrp.com/ or email press@managrp.com.


CONTACTS

  Don Silver or Eric Kalis
 Boardroom Communications, Inc.
(954) 370-8999 and (954) 629-7523 or donsil@boardroompr.com/ekalis@boardroompr.com

Don Silver, COO
Boardroom Communications
P: 954-370-8999
C: 954-629-7523
Donsil@boardroompr.com
Integrated Marketing and Communications
Fort Lauderdale • Tampa • Orlando • WPB • Naples


Saturday, December 15, 2018

Miami Based GLT Group Brokerage Arranges $7.55 Million Sale of Former Hampton Inn Hotel in Clearwater, FL


Former Hampton Inn Hotel, 21030 US Highway 19 North
 Clearwater FL 

MIAMI, FL  — Former Hampton Inn located in Clearwater Central on US Highway 19 was sold in an off market deal for $7.55M. The price equates to roughly $42,415 per key. 

Miami Brickell based GLT Group Brokerage represented the Seller and procured a buyer, an out of state high net worth private individual.

The 178 room hotel is well located on US 19 North between Gulf to Bay Blvd and Drew Street near Clearwater Spectrum Field, the home for the Philadelphia Phillies' Spring Training games (The Phillies have been training in Clearwater, Florida since 1948). 

Also nearby are St. Petersburg College and the Clearwater Mall, a SuperTarget & Costco-anchored center with top national retailers. 

Sean Shahar A. Ziv
The new owner is planning to renovate and rebrand the hotel.

“The demand for well-positioned hotels in the Clearwater area is strong with positive outlook” says Sean Shahar A. Ziv, President of The GLT Group LLC.

GLT Group Brokerage is the brokerage arm of The GLT Group LLC an advisory and investment firm specializing in diversified real estate investments and related strategies. 

The GLT Group focuses on all forms of commercial real estate and commercial real estate debt and finance. Together with its strategic affiliates worldwide, The GLT Group continues to pursue opportunities throughout North America.

For more information, please visit The GLT Group online at www.thegltgroup.com.

CONTACT:

 Ran Ziv
Office: 444 Brickell Avenue Suite #730
+1 (786) 860-5982

Friday, January 22, 2016

Crossman & Co. Negotiates New Lease Agreement with National Tenant at Regency Pointe in Jacksonville, FL


Rochelle DuBrule

JACKSONVILLE, FL --- Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated a long term lease agreement with Jimmy Johns for 2,000 square feet at Regency Pointe in Jacksonville.  


Senior Leasing Associate Rochelle DuBrule negotiated the transaction representing the landlord of the center located at 9428 Arlington Expressway.  


DuBrule said Jimmy Johns joins Olive Garden, Visionworks and T-Mobile at the 67,712 square foot retail center.


For a complete copy of the company’s news release, please contact:


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

Wednesday, November 13, 2013

Taylor & Mathis Continues Leasing Success at Venture Corporate Center in Hollywood, FL


Venture Corporate Center, Hollywood, FL

Donna Korn
Hollywood, FL -- Two technology firms have signed leases for 12,000 square feet  at Venture Corporate Center following the Hospital Physician Partners (HPP) 55,000 square foot renewal and expansion last month.

Donna Korn and Jennifer Patterson of Taylor & Mathis brokered the transactions on behalf of owner MetLife.

Mobile and web-based marketing platform Shooger (Mobile Promotions Network) leased 3,544 square feet.

The firm is relocating their headquarters to Hollywood, FL from offices in Coral Gables.   Shooger is a marketing technology company for local businesses. The Shooger platform delivers a one-stop-shop of Internet marketing services that includes email, web traffic, mobile punch cards, reputation management, directory listings and more. www.shooger.com

Jennifer Patterson
Health Benefits Center nearly tripled the size of their offices signing an 8,583 renewal which includes 6,358 in expansion space. 

HBCInsure.com is an online referral service and source of information for people seeking to learn more about their insurance options. The company also matches people in need of insurance services with insurance professionals who can provide those services. 

Taylor & Mathis, the exclusive leasing agent for Venture Corporate Center has executed 67,000 square feet of leasing this year at the office park which contains three office buildings each approximately 84,000 square feet.   The park is currently over 90% leased.

For a complete copy of the company’s news release, please contact:

Donna Korn
(954)845-8840


Wednesday, August 29, 2012

Marcus & Millichap Lists $25 Million Self-Storage Portfolio in Palm Harbor, FL


  TAMPA, FL, Aug. 29, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing to market a three-property, 2,250-unit portfolio in Florida for Safeguard Self Storage (top left photo).

Located in Palm Harbor, Tampa and St. Petersburg, the storage assets are listed at $25 million, or $111 per square foot. The properties may be acquired individually or as a portfolio.

Michael Mele (lower right photo), a first vice president investments and senior director of the firm’s National Self-Storage Group (NSSG) in Tampa, is representing the seller, Safeguard Self Storage.

“A savvy investor has the opportunity to acquire three Class A self-storage facilities in the highly desirable Tampa Bay region,” says Mele. “Extremely well-located with excellent highway visibility, these properties feature a variety of amenities, which further enhance their long-term investment value.”

For a complete copy of the company’s news release, please contact:

Stacey Corso
Public Relations Manager
(925) 953-1716

Thursday, August 23, 2012

NAI Realvest Negotiates Sale of Volusia Building Industry Association Headquarters Building for Port Orange, FL Church Relocation



 Daytona Beach, FL. --- NAI Realvest recently negotiated the sale of the 4,108 square foot office building and its 1.83-acre site previously occupied by Volusia Building Industry Assn. at 3520 W. International Speedway Blvd.  (top left photo). in Daytona Beach.

Chris Butera, investment associate at NAI Realvest in Maitland, brokered the transaction representing the seller Volusia Building Industry Assn.      

 The buyer, New Church Family from Port Orange paid $287,500 for the property that will serve as the church’s new sanctuary. Sue Turnbull of Swann and Associates represented the buyer.

For more information, contact

Chris Butera, Associate NAI Realvest 386-453-4789 cbutera@realvest.com;
Patrick Mahoney, President, NAI Realvest 407-875-9989; pmahoney@realvest.com;
Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142

Wednesday, August 8, 2012

IPA Sells 192-Unit Multifamily Asset in Pinellas Park, FL



 PINELLAS PARK, FL– Institutional Property Advisors (IPA), a Marcus & Millichap company serving the needs of institutional and major private multifamily investors, has closed the sale of Runaway Bay (top left photo), a 192-unit multifamily  property located in Pinellas Park, a central Pinellas County city within the Tampa Bay Area.

Jamie B. May, an executive director of IPA, represented the seller, AIMCO. The buyer is J.I. Kislak Inc.

“Runaway Bay is an attractive, well-located, Class B-plus asset that has received numerous capital improvements,” says May. “The property was more than 92-percent occupied at the time of the sale, which is consistent with its historically high occupancy rate.”

“Pinellas County’s future apartment supply is forecast to be limited while the county’s projected occupancy and rent growth remain strong,” adds May. “Runaway Bay is well positioned to benefit immensely in the near term as the economy continues to recover.”

The 165,528-square foot property is located at 4701 88th Ave. North in Pinellas Park. Interstate 275 is within two miles of the apartment complex. St Petersburg-Clearwater International Airport is just three miles from the property and Tampa International Airport is 16 miles away.

Constructed in 1985 on 14.5 acres, Runaway Bay is composed of 12 two-story residential buildings with an average unit size of 862 square feet.

There are 80 one-bedroom units, 24 two-bedroom/one-bath apartments, 24 two-bedroom/one-and-a-half-bath units and 64 two-bedroom/two-bath apartments. Approximately 35 percent of the unit interiors have been renovated.

For a complete copy of the company’s news release, please contact:

Stacey Corso
Public Relations Manager
(925) 953-1716

Tuesday, August 7, 2012

Emerson International Completes New Long Term and Expansion Leases at Altamonte Lakeside Office Park in Altamonte Springs, FL



ALTAMONTE SPRINGS, Fla. --- Emerson International recently negotiated a new long term lease and an expansion lease agreement with an existing tenant at Altamonte Lakeside Park (lower left photo) on Cranes Roost Blvd. in Altamonte Springs totaling more than 4,800 square feet.

 Kenneth R. Koch (top right photo), commercial portfolio director at Emerson International, said Sodexo is the tenant at 283 Cranes Roost Blvd who expanded  by 3,214 square feet bringing its total occupancy to 21,426 square feet.  Sara Wardrup of Mohr Partners represented Sodexo.

 Uptown Realty Group signed a new five-year lease for 1,647 square feet at 307 Cranes Roost Blvd. for a new Real Estate office. 

 Koch negotiated both transactions representing the landlord, Emerson International, Inc.

 For more information, contact

 Kenneth R. Koch, Commercial Portfolio Director, Emerson International, Inc. 407-834-9560 x238; kkoch@emerson-us.com;
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com




Monday, July 30, 2012

Berger Commercial Realty Announces New Sale in Riviera Beach, FL



FORT LAUDERDALE, Fla. (July 30, 2012) – Commercial real estate broker Judy Dolan of Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, closed the sale of a multi-tenant industrial building located in Riviera Beach, Fla.

Located at 4910 Dyer Blvd.  (top left photo), the 22,634 square-foot property sold for $785,000 to Real Expo LLC. Dolan represented the seller Dawn-G, LLC/Bayview Loan Servicing.

 Contact: 

Marielle Sologuren
Pierson Grant Public Relations
(954) 776-1999, ext. 226

Interstate Hotels & Resorts and Waramaug Hospitality LLC Complete Major Renovation and Conversion of Tampa, FL Hotel


 ARLINGTON, VA and TAMPA, FL, July 30, 2012 – Interstate Hotels & Resorts, the largest U.S.-based global hotel management company, today announced the completion of a $9 million comprehensive renovation of the former Crowne Plaza hotel and conversion to the Sheraton Tampa East Hotel (banquet room top left photo).

 The hotel was acquired last fall by a joint venture between Interstate Hotels & Resorts, Waramaug Hospitality LLC, and a private investment group.

 Interstate operates the Sheraton Tampa East Hotel under a long-term management agreement.  Waramaug Hospitality Asset Management LLC provided project and asset management for the renovation and conversion to the Sheraton brand.

“We have a great team that was able to renovate all areas of the hotel in a very short period of time,” said Jay Litt (lower right photo), asset manager for Waramaug Hospitality Asset Management LLC.

 “We wanted the conversion to be completed in time for the Republican National Convention this summer, and our team was able to finish the work with time to spare.” 

For hotel reservations, please visit www.sheratontampaeast.com or call (813) 623-6363.

For more information, visit www.interstatehotels.com.

For a complete copy of the company’s news release, please contact:

Chris Daly, Jerry Daly
Daly Gray, Inc.
703-435-6293

Thursday, July 26, 2012

NAI Realvest Negotiates New Office Lease Agreement at Winter Park’s Gateway Plaza

  

MAITLAND, Fla. --- NAI Realvest recently negotiated a new office lease in Gateway Plaza (top left photo) at 1201 S. Orlando Ave. in Winter Park.

 NAI Realvest Principal Tom R. Kelley II, CCIM represented the tenant Fimognari Financial in a lease agreement for  suite 320 with 1,481 square feet.   Gateway Plaza, Ltd. is the landlord.

 For more information, contact:

Tom R.  Kelley, II CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com;
Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com;
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 

Thursday, July 12, 2012

NAI Realvest negotiates sale of industrial condominium at Anchor Road Commerce Center in Casselberry, FL



ORLANDO, FL. — NAI Realvest recently negotiated the sale of an industrial condominium in Anchor Road Commerce Center (top left photo) at 206 Reece Way in Casselberry.

 Michael Heidrich, a principal at NAI Realvest, negotiated the sale representing the seller, Anchor Road Commerce Center, LLC of Maitland. 

 Cross Bridge LLC purchased unit 206 with 1,200 square feet in shell condition for $72,000.00.   The buyer will handle interior buildout of the space.

Brian Smith of Smith McIntosh Properties, Inc. represented the buyer.

For more information, contact: 

Michael Heidrich, Principal NAI Realvest, 407-875-9989, mheidrich@realvest.com  
Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142