NAI Realvest's Paul Partyka Active in New Lease Brokering and Sale

Sara Bravo

ORLANDO, FL – Paul P. Partyka, CCIM, MiCP, CIPS, Partner at NAI Realvest, brokered unit 1719, 3,000 SF, in the Anchor Road Commerce Center, 211 Reece Way, Casselberry, Florida, on behalf of the landlord, Justin Time Developers, LLC.  

The tenant, Stone Savvy, Inc., was represented by Sara Bravo with Optim Real Estate.

Stone Savvy, Inc. is relocating and expanding their fabrication facility.  Stone Savvy has been in business for 14 years and supplies custom fabricated countertops for both residential and commercial uses.

Paul Partyka

Partyke also represented the owner, Owens Family Venture, LLC, in the sale of the property at 3441 SR 419, Winter Springs, Florida at a sale price of $414,800.  

The buyer, 3441 SR 419, LLC, is a subsidiary of Eckstein Properties, which acquired the property to add to their Central Florida portfolio. 

Additionally, Paul assisted the new owner in signing a new long-term lease with the tenant, Revworks, Inc. for the  6,040 SF building on 0.7 acres. 

About NAI Realvest

NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide.

CONTACTS:

Yelena Gurtovenko 

ygurtovenko@realvest.com

Paul P. Partyka, CCIM, MiCP, CIPS, Partner, NAI Realvest

407-875-9989, ppartyka@realvest.com

Patrick Mahoney, President/CEO, NAI Realvest,

407-875-9989 pmahoney@realvest.com

 www.nairealvest.com

NAI Realvest's Mary Frances West Brokers Two Industrial Lease Renewals in Orlando, FL

  

Mary Frances West

ORLANDO, FL – Mary Frances West, CCIM, Vice President at NAI Realvest, recently completed renewals of 2 industrial tenants totaling 18,560 SF.

At Monroe Commerce Park, West represented the Landlord, CWP Monroe Investors, LLC & Ocala North Partnership, LLC. 

David Perez 

The recently re-branded industrial park, located at Church Street & Monroe Road, is 116,500 SF and is 87% leased.  

Aramark Refreshment Services, LLC renewed their 10,000 SF unit at 4186 Incubator Court. 

 Aramark has been a tenant in Monroe Commerce Park since 2008.  The company supplies customized refreshment and snack packages for company break rooms for over 150,000 locations in North America. 

 Aramark was represented by David Perez with Cushman & Wakefield.

Gulf Material Sales supplies roadway safety products to federal, state, local government agencies, private roadway commissions, consultants and contractors and has been in business since 1963.

  Contacts: 

Mary Frances West, CCIM, Vice President, NAI Realvest

407-875-9989, mfwest@realvest.com

Patrick Mahoney, President/CEO, NAI Realvest,

407-875-9989 pmahoney@realvest.com

 www.nairealvest.com.

NAI Realvest Negotiates new Industrial Lease of 10,000 SF for a new Orlando Volleyball Academy

ORLANDO, FL– NAI Realvest recently negotiated a new lease agreement for 10,000 square feet of industrial space in Suite 120 at 522 S. Econ Circle in Oviedo.    

 Paul P. Partyka (top right photo), managing partner at NAI Realvest, negotiated the transaction representing the Oviedo based landlord M&O LP.

 The tenant, Orlando Volleyball Academy, Inc., represented by Robert Freeman & Co., leased the space for expansion of its operations into the eastern Seminole County region to take advantage of all the growth in the area, according to Partyka.   

The 100% air-conditioned facility is perfect for recreational use and has ample parking.

For more information, please contact:

Paul P. Partyka, Managing Partner, NAI Realvest, 407-875-9989, ppartyka@realvest.com

Patrick Mahoney, President, NAI Realvest, 407-875-9989, pmahoney@realvest.com

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

NAI Realvest Negotiates Long Term Lease for 27,560 SF of Office Space at Florida Central Commerce Park in Longwood, FL

MAITLAND, FL – NAI Realvest recently negotiated a new six-year lease agreement for 27,560 square feet of office space at 1124 Florida Central Parkway in the Florida Central Commerce Park off S.R. 434 in Longwood.

Robert Blackwell, (top right photo) SIOR principal at the firm, and associates Jim Murr and Sean DuPree CCIM, negotiated the transaction representing the landlord, Chicago-based G&G partners, LLC.

The new tenant is IDEX Corp., headquartered in Northbrook, Ill. The company specializes in highly engineered fluid dispensing and metering technologies and is known worldwide for its expertise in fire and safety products. Joe Hills of Coughlin Commercial represented IDEX in the transaction.

For more information, contact:

Robert Blackwell, SIOR, Sean DuPree, CCIM or Jim Murr, NAI Realvest 407-875-9989; or rblackwell@realvest.com;  sdupree@realvest.com;  jmurr@realvest.com
Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com
Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

Stalled Orlando Commercial Development Sites Could be in Trouble, Livingston Cautions

Commercial property foreclosures are minor compared to residential, says longtime area real estate investment analyst

MAITLAND, Fla. --- Commercial property foreclosures in the Central Florida area are almost negligible compared to residential foreclosures, according to longtime area real estate analyst George Livingston, (top right photo) chairman of NAI Realvest in Maitland.

“There are few commercial property foreclosures so far and most of them comprise small, stand-alone facilities that do not represent massive risk for lenders,” Livingston said.

Foreclosures on stalled development projects could be more worrisome, Livingston added.
“A few large-scale development projects in the area are under the microscope,” Livingston said.

“For the most part, they reflect the current turmoil in the financial markets and lack of demand, as well as poor development planning,” Livingston cautioned.

Livingston said troubled development deals fall into three main classes.

“Some developers partner with land owners or acquire an option on a development site,” he said. “In those cases, property taxes, insurance and maintenance costs are still a drain, but options costs help to limit a developer’s risk.”

Developers who borrowed capital to acquire sites outright in anticipation of additional loans to develop the property are the ones most at risk, Livingston explained.

“A lender will usually require interest payments, and while rates may be low the payments on a $5 million loan are substantial,” he said. “And maintenance, taxes and insurance are still due.”

“The least risk scenario is to pay cash for the land. That lets you delay development if need be,” he added.

For more information please contact:
George Livingston, Principal, NAI Realvest 407-875-9989 glivingston@realvest.com

Janice Paiano, Director of Marketing NAI Realvest jpaiano@realvest.com

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

NAI Realvest Negotiates Hunter's Creek Office Condo Sale to State Farm Insurance Agency

ORLANDO, FL-- NAI Realvest has negotiated a $401,850.00 sale price for a 2,679 square foot office condo at 12908 Orange Blossom Trail in Park Place at Hunter’s Creek in southwest Orlando. (bottom left site map)

Michael Heidrich, (top right photo) principal at NAI Realvest, negotiated the transaction representing the seller Park Place at Hunter’s Creek, LLC.

Tony Lopez Holdings, LLC purchased the property for a State Farm Insurance agency.


For more information, contact:

Michael Heidrich, Principal, NAI Realvest 407-875-9989 mheidrich@realvest.com

Janice Paiano, Director of Marketing, NAI Realvest 407-875-9989 jpaiano@realvest.com

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

NAI Realvest negotiates sale of industrial condo for $860,825 in DeBary, FL

MAITLAND, FL — NAI Realvest has negotiated an $860,825.00 sale price for a 9,600 square foot industrial condo in the Springview Industrial Park at 210 Springview Commerce Drive in DeBary.

Michael Heidrich, a principal at NAI Realvest negotiated the sale representing the seller, Paul Lukas of Osteen. The buyer is Lakeside Professionals, LLC of DeBary

For more information, contact:

Michael Heidrich, Principal NAI Realvest, 407-875-9989 mheidrich@realvest.com;

Janice Paiano, Director of Marketing NAI Realvest 407-875-9989 jpaiano@realvest.com;

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

NAI Realvest celebrates 20th Anniversary as leading regional commercial property company

ORLANDO — NAI Realvest, the Orlando firm that ranks as the region’s fourth largest commercial real estate services firm with more than 67 employees and sales associates and one of the area’s largest developers of industrial space, is celebrating its 20th anniversary.

George Livingston, (top right photo) chairman and co-founder of NAI Realvest, said the firm’s 39 sales associates negotiated commercial sales and lease transactions last year that totaled more than $263 million.

During the entire first year of operations, three Realvest brokers negotiated transactions that totaled almost $500,000, Livingston said.

The $42 million sale of the 2,300 acre Ginn Reunion Resort (top left photo) site in Osceola County near Disney and the $40 million sale of the 1,800 acre International Corporate Park (bottom right photo) development east of Orlando International Airport rank as the firm’s largest transactions over the past two decades, Livingston said.

The firm’s most prominent clients include many of the region’s largest land owners — Shell Oil Corp., Port Canaveral, (bottom left photo) A. Duda & Sons and MAS Properties.

NAI Realvest has developed investment properties valued at more than $100 million, said Paul P. Partyka, (middle left photo) former Winter Springs mayor who joined the firm nine years ago and took over as managing partner of NAI Realvest earlier this year.

Partyka said the firm’s research capabilities rank among the world’s most advanced. NAI Realvest also formed a development division.

About NAI Realvest

NAI Realvest in Orlando, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide.

NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network.

Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.

To learn more, visit http://www.nairealvest.com/.

CONTACTS:

Paul P. Partyka, Managing Partner, NAI Realvest 407-875-9989, ppartyka@realvest.com

George Livingston, Chairman/Principal Realvest Development mailto:glivingston@realvest.comest.com

Janice Paiano, Director of Marketing, NAI Realvest, 407-875-9989, jpaiano@realvest.com

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

Heidrich Closes Four Leases for NAI Realvest in Metro Orlando

ORLANDO, FL--NAI Realvest recently negotiated the following lease agreements.

• Tom Kelley, (top left photo) CCIM represented the landlord, Parliament Loop, LLC of Lake Mary in negotiating a new lease of 2,725 square feet to Trinity Mortgage Corp. at 153 Parliament Loop at Regency Pointe office park in Lake Mary.

• Kelly also negotiated two lease renewals totaling more than 2,500 square feet of office space representing Dallas-based landlord Tarragon Corporation at Orlando Central Park. Managed Medical Equipment, Inc. renewed its lease of 1,909 square feet and Florlando Properties, Inc. renewed its lease of 605 square feet.

• At Goldenrod CommerCenter, (middle right photo) 1460 N. Goldenrod Rd. in Orlando, Orlando-based Central Florida Sign Works, Inc. and Interstate Sign & Light Corp. renewed the lease of its current 2,206 square feet in suite 225 and expanded into suite 105 with the lease of 2,000 additional square feet at the center. Michael Heidrich (top right photo), principal at NAI Realvest negotiated the lease agreements representing the landlord, COP-Goldenrod, LLC of Maitland.

• Also at Goldenrod, Heidrich negotiated a new lease on behalf of landlord, with Felo’s Brothers Enterprises, Inc. of Orlando who will occupy Suite 125 with 2,000 square feet.

• At Monroe CommerCenter South, (bottom left photo) 691 Progress Way in Sanford, Heidrich represented COP-Monroe LLC in the lease of 6,000 square feet to Deltona-based Nu Water Solutions of Florida, LLC.

• In Orlando Heidrich negotiated a lease agreement for 1,440 square feet of industrial space at Herndon Commerce Center, 625-D Herndon Ave. representing the landlord LBJ Properties of Winter Park. The tenant, Orlando-based P.T. Hutchins Company Ltd., was represented by Lou Payas of USAA Realty Company.

About NAI Realvest

NAI Realvest, with offices in Orlando, Daytona Beach and Clermont, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide.

NAI Global is an international commercial real estate network with over 325 offices spanning the globe.

Since 1978, clients have built businesses on the power of NAI Global’s expanding network.

Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.

To learn more, visit http://www.nairealvest.com/.

For more information, please contact

Tom Kelley, CCIM, Principal NAI Realvest 407-875-9989 tkelley@realvest.com

Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com

Janice Paiano, Director of Marketing, NAI Realvest, 407-875-9989 or jpaiano@realvest.com;

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

NAI Realvest negotiates new lease and a sublease totaling more than 9,760 SF at industrial buildings in Longwood and Oviedo

ORLANDO, FL. – NAI Realvest has negotiated two new industrial lease agreements -- a lease at Fleet Financial Center in Longwood and a sublease at an industrial building in Oviedo totaling more than 9,760 square feet.

Michael Heidrich, (top right photo) principal at NAI Realvest, represented the landlord Fleet Financial Center, Inc. in the lease of 5,000 square feet to Sanford-based Absolute Asphalt, Inc. at suite 101 at 751 Fleet Financial Court in Longwood. (Middle left map)

In Oviedo, Heidrich represented the Upstream at Bitstream LLC for the long-term sublease of 4,760 square feet, which is one-half of the entire building, at 640 Kane Court to Subtenant PWG II, Inc. of Oviedo.

Upstream at Bitstream recently leased the entire 9,520 square foot industrial building and currently occupies the other half.

For more information, please contact

Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com

Janice Paiano, Director of Marketing, NAI Realvest, 407-875-9989 or jpaiano@realvest.com;
Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

NAI Realvest Negotiates $512,000 Sale of Office/Flex Building in Orlando

ORLANDO, FL -- NAI Realvest has negotiated the sale of a 3,664 square foot office/flex building at 220 Weber St. in Orlando

Tom Kelley CCIM, principal at NAI Realvest, negotiated the transaction representing the sellers, Ken Halbert and Richard Looper of Orlando.

The buyer, Park Central Adventures II, LLC paid $512,000 for the property.

For more information, contact:

Tom Kelley, CCIM Principal NAI Realvest 407-875-9989 tkelley@realvest.com

Janice Paiano, Director of Marketing NAI Realvest jpaiano@realvest.com

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

NAI Realvest Negotiates New Long-Term Industrial Lease in Oviedo, FL

ORLANDO, FL – NAI Realvest has negotiated a new long-term lease agreement for 9,520 square feet of industrial space at 640 Kane Court in Oviedo.

Michael Heidrich, (top right photo) principal at NAI Realvest, negotiated the lease agreement representing the landlord, Longwood-based Sandbagger Properties, LLC.

The new tenant, Oviedo-based Upstream at Bitstream, LLC, was represented by Jim Stevenson (bottom left photo) of Realty Executives of Orlando.

For more information, please contact:

Janice Paiano, Director of Marketing, NAI Realvest 407-875-9989 jpaiano@realvest.com

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

NAI Realvest Negotiates New Long-Term Lease of 26,680 SF for IDS Sports Expansion in Oviedo, FL

ORLANDO, FL – NAI Realvest has negotiated a new long-term lease agreement for 26,680 square feet of industrial space at 5707 Dot Com Ct. in Oviedo.

Paul P. Partyka, (top right photo) principal and managing partner at NAI Realvest, negotiated the lease agreement representing the tenant, Supplement Synergy d/b/a IDS Sports, a body-building supplements company. Ganesh Holdings of Oviedo is the landlord.

Partyka said IDS Sports recently had explosive growth which is expected to continue for the next several years and the increased space is needed for its anticipated new business. IDS previously occupied a smaller space in Seminole County.


For more information, please contact:

Paul P. Partyka, Principal/Managing Partner NAI Realvest 407-875-9989 ppartyka@realvest.com;


Janice Paiano, Director of Marketing, NAI Realvest 407-875-9989 jpaiano@realvest.com



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

NAI Realvest Negotiates New Lease Agreement in Orlando Central Park

ORLANDO, Fla. NAI Realvest has negotiated a lease agreement for 1,500 square feet of office space at Orlando Central Park (bottom right photo), 7200 Lake Ellenor Dr., suite 245 in Orlando.

Tom Kelley, CCIM, principal and office leasing specialist at NAI Realvest and associate Don Rudolph,(top left photo) CCIM, negotiated the transaction representing the landlord, Dallas-based Tarragon Corporation.

The tenant is Global Travel Alliance, LCC of Billings, Mont.

For more information, contact:
Tom Kelley, CCIM, Principal NAI Realvest 407-875-9989, tkelley@realvest.com

Don Rudolph, CCIM, associate at NAI Realvest 407-875-9989 drudolpd@realvest.com

Janice Paiano, Director of Marketing, NAI Realvest 407-875-9989 mailto:jpaiano@realvest.comealvest.com

Larry Vershel or Beth Payan, LV Communications, 407-644-4142

Web: http://www.nairealvest.com/.

NAI Realvest Negotiates a New Lease Agreement in DeBary

ORLANDO, Fla. NAI Realvest recently negotiated a new lease agreement for 6,449 square feet of industrial space at Springview CommerCenter, 290 Springview Commerce Dr., Suite 5 in DeBary.

Michael Heidrich, Principal at NAI Realvest negotiated the lease agreement on behalf in the landlord, Springview CommerCenter, LLC of Maitland.

The tenant is Artscape, LLC of Lake Mary.

For more information, contact:

Michael Heidrich, Principal NAI Realvest, 407-875-9989, mheidrich@realvest.com

Janice Paiano, Director of Marketing, NAI Realvest 407-875-9989 jpaiano@realvest.com

Larry Vershel or Beth Payan, LV Communications, 407-644-4142

NAI Realvest negotiates industrial lease of 4,200 SF at Soldiers Creek Business Center

ORLANDO, FL. – NAI Realvest has negotiated an industrial lease for 4,200 square feet at Soldiers Creek Business Center, (photo at left) 2120 Ronald Reagan Blvd. in Longwood.

Michael Heidrich, (top right photo) principal at NAI Realvest negotiated the lease agreement representing the landlord, Landworks Group, LC of Sanford

Madison, Wisconsin-based Cascade Asset Management LLC is the new tenant who leased suites 1100 and 1104 at the center. Forest Askew of Colliers Arnold represented the tenant.

For more information, please contact:

Michael Heidrich, Principal, NAI Realvest, 407-875-9989 mheidrich@realvest.com

Janice Paiano, Director of Marketing, NAI Realvest 407-875-9989 jpaiano@realvest.com;

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

NAI Realvest Negotiates new long-term lease in Winter Garden

ORLANDO, Fla. NAI Realvest has negotiated a new long-term lease agreement for 5,600 square feet of retail space in Winter Garden Business Park (top right photo) at 1224 Winter Garden Vineland Rd., Suite 112 in Winter Garden.

Robert Blackwell, SIOR principal at the firm, associates Sean DuPree, CCIM and Jim Murr negotiated the transaction representing the landlord, Winter Garden Business Park, LLC c/o Leasco Management Co. of Winter Garden. The tenant, Winter Garden-based Rollins HT, Inc., was represented by Dick Rossiter of Staubach.

For more information, contact

Robert Blackwell, SIOR or Sean Dupree, CCIM at NAI Realvest 407-875-9989;

rblackwell@realvest.com or

sdupree@realvest.com;

Janice Paiano, Director of Marketing, NAI Realvest 407-875-9989 jpaiano@realvest.com

Larry Vershel or Beth Payan, LV Communications, 407-644-4142

NAI Realvest Negotiates $2.85M Sale Price for 42 Residential Acres in Windermere, FL

ORLANDO, FL-- NAI Realvest has negotiated the $2,850,000 sale price for 42 acres of residential land at 13340 Reams Rd. in Windermere.

NAI Realvest Principals Matt Cichocki, Kevin O’Connor and Steve Ruoff negotiated the transaction representing the buyer, Timberlock Partners LP, based in Orlando.

The Seller was Centex Homes, a Nevada general partnership. The buyer intends to develop the property for apartments.

For more information, contact:
Matt Cichocki or Kevin O’Connor, NAI Realvest, 407-875-9989
mcichocki@realvest.com; koconnor@realvest.com;

Janice Paiano, Marketing Director NAI Realvest 407-875-9989 jpaiano@realvest.com

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

NAI Realvest Negotiates Warehouse Sublease in Maitland

MAITLAND, Fla. NAI Realvest has negotiated a sublease agreement for 11,500 square feet of warehouse space at 110 Atlantic Annex in Maitland.

Jeff Ettinger, (top left photo) NAI Realvest broker associate in the firm’s Maitland office, negotiated the transaction representing the sublessee, Wholesale Furniture Market, Inc. of Fern Park. Norandex Distribution, Inc. of Macedonia, Ohio is the Sublessor.

For more information, contact:
Jeff Ettinger, Broker Associate, NAI Realvest jettinger@realvest.com
Janice Paiano, Marketing Director NAI Realvest jpaiano@realvest.com
Larry Vershel or Beth Payan, LV Communications, 407-644-4142

NAI Realvest Negotiates Industrial Lease of 15,000 SF in Leesburg for R.E. Michel

CLERMONT, FL – NAI Realvest has negotiated a three-year industrial lease of 15,000 square feet at 31661 Executive Blvd. in Leesburg.

Eric Nyhuis, (top left photo) NAI Realvest broker associate and Darren Johnson,(top right photo) sales associate in the firm’s Clermont office, represented the landlord CEN II, LCC of Columbia, S.C.

The new tenant, R.E. Michel Company of Baltimore – the fifth largest plumbing and HVAC wholesaler in the U.S. – is expanding into the Lake County market with the Leesburg location. This brings R.E. Michel’s number of locations in Florida to 14 with over 200 nationwide concentrated on the East Coast.

For more information, please contact:
Eric Nyhuis, Broker Associate NAI Realvest, enyhuis@realvest.com, 352-242-1334

Darren Johnson, Sales Associate NAI Realvest, djohnson@realvest.com, 352-242-1334

Janice Paiano, Director of Marketing, NAI Realvest jpaiano@realvest.com

Larry Vershel or Beth Payan, LV Communications, 407-644-4142