Marcus & Millichap Arranges $5.3 Million Sale of 53-Unit Casa Corsicana Apartments in Seminole, FL

Casey Babb

SEMINOLE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Casa Corsicana Apartments, a 53-unit apartment community located in Seminole, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $5,300,000.

Casey Babb, CCIM and vice president investments, and Luis Baez, senior associate, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a Tampa-based private investor. 

The buyer, a private investor based in Newport Beach, California, was secured and represented by Tyler Leeson, vice president investments in the firm’s Newport Beach office. 

Casa Corsicana Apartments, a 53-unit, Class A, garden apartment community, is located at 12430 Rose Street in Seminole, Florida, which is just 1.8 miles from the beautiful Pinellas County beaches. The property consists of six, single-story buildings on a lushly-landscaped 3.61 acre site providing a low-density, park-like setting for residents. The units feature large, open floorplans averaging 925 square feet and are a mix of nine percent one-bedroom/one-bath, 76 percent two-bedroom/one-bath, 11 percent two-bedroom/two-bath and four percent three-bedroom/one-bath.

Luis Baez

“Casa Corsicana is a best-in-class apartment asset in its respective submarket after receiving a $1,500,000 rehab in 2014. As a result, it commanded what we think is record prices for small apartments in the Seminole submarket,” says Babb. “There is still a tremendous amount of runway left for rent growth and we expect the buyer will do very well with this property.”

“The buyer was in a 1031 exchange and was procured through a relationship between our Tampa and Newport Beach offices, which is a testament to our national platform and our ability to move capital throughout the country to service our clients’ real estate needs,” concluded Babb.

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

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Bull Realty Brokers $7.6 Million Medical Office Building in Florida

 

Michael Bull

ATLANTA, GA (Jan. 8, 2016) —Healthcare Real Estate Services at Bull Realty brokered the sale of Lange Eye Institute, a 23,000  SF Class B Medical Office Building located in The Villages, FL. The sale closed on Dec. 15, 2015 for $7.6 million.

The property was 100% leased at the time of sale. Lange Eye Institute will remain the primary tenant. Other tenants include VIP Dentistry, Southern Trace Chiropractic, Center for Retina Macular Disease and Dr. Floyd Foot & Ankle.

The team of Michael Bull and Paul Zeman with Bull Realty worked with H.L. Roberts of H.L. Roberts Realty as the brokers on the deal.

The buyer was Flagship Capital Partners, LLC. “This is a long-term buy and hold for the buyer,” said Zeman.

Healthcare Real Estate Services (www.HealthcareRealEstateServices.com) are specialty brokers with Bull Realty, Inc. (www.BullRealty.com), a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services.

The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show (www.CREshow.com). The popular weekly show is broadcast on 47 radio stations nationwide, iTunes, YouTube and CREshow.com. Bull Realty FL License # CQ1026029

  

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

Melissa Henry

Communications Associate

Bull Realty, Inc.

50 Glenlake Pkwy, Suite 600

Atlanta, GA  30328

404-876-1640 x 110

HFF closes sale of corner site near Lincoln Road in Miami Beach, FL

1575 Alton Road, Miami Beach, FL

 

Daniel Finkle

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 1575 Alton Road, a 15,000-square-foot corner site one block south of Lincoln Road in Miami Beach, Florida. 

HFF marketed the property on behalf of the seller, Bridgestone Retail Operations, LLC. 

1575 Alton is currently occupied by a Firestone service center but could accommodate a new mixed-use, multi-level structure up to 22,250 square feet.  

Built in 1935, the property is located at the southeast corner of Alton Road and 16th Street, one block south of Lincoln Road, one of the premier shopping districts in the country and top tourist attractions in Miami.

 Additionally, Alton Road is Miami Beach’s primary commercial north-south thoroughfare.

The HFF capital markets team representing the seller was led by managing director Luis Castillo and senior managing director Daniel Finkle.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Peachtree Center Announces New 10,000 Square Foot Lease in Downtown Atlanta, GA

David Brown

ATLANTA, GA — Peachtree Center, the iconic six-tower, 2.5-million-square-foot mixed-use property in downtown Atlanta, is pleased to announce that Web.com has signed a five-year lease for 10,000 square feet of space at its Marquis I Tower.

JLL represented Banyan Street Capital, the owner of Peachtree Center, in the transaction, and Web.com was represented by Mohr Partners. 

Web.com, a leading provider of Internet services and online marketing solutions for small businesses, will relocate its 10,000-square-foot headquarters to Peachtree Center, taking occupancy in March 2016.

“We are thrilled to be a part of the growing technology scene happening in the heart of the city,” said David Brown, chairman, chief executive officer and president of Web.com.

 “Peachtree Center is viewed as one of the most attractive locations for innovative technology companies—we were drawn to it due to its proximity to transit via the on-site MARTA station, and abundant choice of amenities.”

“Downtown Atlanta is quickly growing into a hub for tech companies, and given our location in the heart of downtown, Peachtree Center is able to capitalize on that, offering firms like Web.com space that meets the needs of this next generation of office workers,” said David Horne, leasing associate for JLL who represented Banyan Street Capital in the transaction.

David Horne

“The reality is that Peachtree Center is accessible, walkable and offers that experiential element which allows us to attract companies in a variety of industries, including tech firms.”

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

Kathryn Farmer

The Wilbert Group

678-642-4301

kfarmer@thewilbertgroup.com

www.web.com;

 Twitter @webdotcom

Facebook at facebook.com/web.com

www.peachtreecenter.com

 www.banyanstreet.com.

facebook.com/peachtreecenter.

NAI Realvest Negotiates Four Leases Totaling More than 8,200 Square Feet at industrial centers in the Metro Orlando area

 

Patty Nolff

ORLANDO, FL. – NAI Realvest recently negotiated four leases at industrial centers in the Orlando area for more than 8,200 rentable square feet.  

Michael Heidrich, a principal at NAI Realvest and associate Patty Nolff negotiated a new lease for 2,000 square feet at 6112 Hanging Moss Rd. in Hanging Moss CommerCenter on behalf of the landlord of the facility located off of N. Semoran Blvd.  The new tenant is Ostar Motorsports, LLC of Orlando.

Heidrich and Nolff also negotiated a new lease for 2,100 square feet representing the landlord Instrument Specialties in the industrial center located at 3875 St. Johns Parkway in Sanford.  Elroselabs, Inc. is the new tenant who was represented by Darryl Dotherow of Realty Capital Advisors.

Tom R. Kelley, II, CCIM represented the landlord at South Park Business Center for a renewal lease of 2,146 square feet occupied by the tenant PPT Strength and Conditioning at 8600 Commodity Circle. 

At Fairvilla Commerce Center off W. Colonial and Mercy Drive, the leasing team of Kevin O’Connor, Matt Cichocki and Mitch Heidrich represented the landlord Leonard Williams in a new lease agreement for 2,000 square feet at 577 Fairvilla Rd.  The new tenant is Awning Recover Specialist, LLC. 

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

Crossman & Co. Completes Six New Leases for 10,420 rentable square feet at Four Shopping Centers in Fort Myers, FL

Sandra Woodworth

FORT MYERS, FL --- Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated lease agreements with six new tenants for more than 10,420 square feet at four shopping centers in Fort Myers. 

Senior Associate Sandra Woodworth negotiated the transactions representing the landlords.

At University Crossings, 13401 Summerlin Rd. Textbook Brokers leased 1,669 square feet and

H&R Block leased 2,700 square feet bringing the 77,500 square foot center to 100 percent leased.   

Wine and Design of Fort Myers and Mona Lisa Italian Restaurant each became new tenants in 1,875 square foot units at Shoppes at Fiddlesticks, 13650 Fiddlesticks Blvd. That center is 90.95 percent leased.

Tracy Worrell

Woodworth said La Michoacana Ice Cream signed a new lease for 1,225 square feet at The Crossroads, 5781 Lee Blvd. in Lehigh Acres.   The 74,240 square foot retail center is currently 95.72 percent leased.    

In the Southpointe Commons shopping center at 5997 S. Pointe Blvd.,Woodworth negotiated a lease renewal with City Nail who occupies 1,260 square feet.  

Crossman & Company Senior Associate Tracy Worrell negotiated a new lease with Great Clips for 1,080 square feet and now the 58,670 Southpointe Commons is 97.55 percent leased.

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

. Lincoln Harris Brings Life Time to Rea Farms Development in Charlotte, NC

Betsy McIntyre

CHARLOTTE, NC — Life Time Fitness Inc., a Minnesota-based health and lifestyle company operating 119 centers across the United States and Canada, has plans to open at the Rea Farms development in southeast Charlotte on Providence and Ardrey Kell Roads.

Betsy McIntyre of Lincoln Harris’ Charlotte office represented the landlord, Rea Farms Development LLC, in the transaction, and Dave Oster, Life Time director of real estate and development, represented Life Time.

Life Time acquired a 24-acre site within the master planned Rea Farms development and will offer a health and fitness experience unique to the area including an indoor/outdoor aquatic center, an indoor/outdoor tennis complex and walking trails, as well as a full service salon and spa and a healthy café. Life Time expects completion of the Rea Farms destination in spring of 2017.

“Rea Farms will be a tight-knit neighborhood and a total lifestyle destination focused on health and wellness like Life Time, which will truly complement the vitality of the community,” said John W. Harris, CEO and Chairman of Lincoln Harris.

 “It also matches the goals the Rea family has for the development of the land. Having Life Time in the development further fosters a healthy lifestyle for those living, working and playing in Rea Farms. There isn’t anything else like this in Charlotte.”

Rea Farms is a master planned mixed-use development project on the site of the former Charlotte Golf Links golf course which was once part of the Rea family farm.  In addition to Life Time, Rea Farms will include office space, a retail shopping center, a school, a multifamily project and a single-family neighborhood.

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

Savannah Durban • The Wilbert Group

1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309

O: 404-343-0870  • M: 404-901-4433

@SavannahDurban

www.lifetimefitness.com.

  

Chicago-based Kass Management Services Retains Taylor Johnson

Emily Johnson

CHICAGO, IL – Taylor Johnson President Emily Johnson has announced the public relations firm now represents Chicago-based Kass Management Services, a third-party property management firm whose portfolio comprises over 9,000 residential units and 600,000 square feet of commercial space throughout Chicago.

Founded in 1985, Kass Management specializes in rental and condominium properties up to 250 units, including affordable housing communities, and also provides property management services for a number of retail and office buildings.

 The firm currently manages more than 400 properties, including 5,000 rental units and 4,000 condominiums. Over the firm’s 30-year history, Kass Management has established a track record of enhancing asset value and tenant/owner services while reducing operating costs. 

The firm’s experienced principals include Gary Kass, president of Kass Management and the Lincoln Park Builders of Chicago, and Mark Durakovic, vice president of Kass Management. Together, they have more than 50 years of property management experience and are among Chicago’s most respected and well-known real estate experts.

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

Kelly Shumaker at Taylor Johnson at (312) 267-4519 or kshumaker@taylorjohnson.com.

Voit Reports Orange County, CA Office Lease Rates Rise for 11th Consecutive Quarter; Industrial Market Posts Lowest Vacancy Rate Ever

Jerry Holdner

           Orange County, CA  – The Orange County office market continued to improve in 2015, posting over 850,000 square feet of positive net absorption for the year.  The fourth quarter of 2015 marked the eleventh consecutive quarter of rising lease rates. 

The average asking full-service gross lease rate finished the fourth quarter at $2.26, an increase of eighteen cents from 2014’s average asking rate, according to a new Fourth Quarter Market Report from Voit Real Estate Services.

“This is great news for the Orange County market overall,” explains Jerry Holdner, Vice President of Market Research at Voit. 

“The rise in lease rates demonstrates that the market continues to improve, which further supports the recovery we’ve been forecasting for the past 12 to 24 months.”

Demand for Office Product Increases

As a whole, the Orange County office market posted over 850,000 square feet of positive net absorption in 2015, giving the market a total of over 4.3 million square feet of positive absorption since the first quarter of 2013, according to Voit’s report.

One trend to note, according to Holdner, is the increase in construction.  Total space under construction came in at just over 1.8 million square feet for the fourth quarter of 2015. Most of the current construction is occurring in the Irvine Spectrum submarket, 1.7 million square feet.  “We should see an increase in construction in the coming quarters, as typically the cranes come out when vacancy dips below 12%.” 

As 2015 came to an end, direct/sublease space (unoccupied) finished the year at 10.78%, a decrease from the previous year’s rate of 11.5% and significantly down from both the recession peak of nearly 18% in the third quarter of 2010 and the market high of 23% recorded in 1990.

Holdner notes “We are continuing to see a decrease in the amount of vacant and available space on the market, even with new product being delivered.  As we progress into 2016, positive absorption and higher occupancy costs should continue, new deliveries in the southern half of the county may apply upward pressure on vacancy, and the market will further improve.”

Vacancy and Availability in Industrial Market Reach Pre-Recession Levels

The Orange County industrial market took significant strides toward continued improvement in 2015 with significant positive absorption for the year, a six-cent or 9.5 percent increase in asking lease rates, and significant drops in both vacancy and availability.

“Overall in the Orange County industrial market over the last three years, vacancy has reduced 37 percent while availability has decreased 23.2 percent,” says Holdner.  “The substantial decreases in vacancy and availability are contributing to the gains in asking lease rates and sale prices.”

  Both vacancy and availability continued trending downward throughout 2015. Vacancy ended the fourth quarter of 2015 at 2.33 percent, the lowest rate ever recorded and a drop of over 23.5 percent from 2014’s fourth quarter.  Likewise, availability posted a rate of 4.47 percent at the close of the year, the lowest rate in nearly ten years, and a decrease of almost 17 percent from 2014.  The record low rate recorded for availability was 4.29% in the fourth quarter of 2005.

As lease rates rise, sale prices are also ticking up, notes Holdner, who attributes this trend to the diminishing supply of industrial product for sale in Orange County, particularly in buildings smaller than 100,000 square feet.

“Currently, only around one percent of the inventory in the Orange County industrial market is available for sale.  This lack of supply will continue to place upward pressure on pricing going forward,” he explains.

“Overall, it’s a great time to be a seller, but we continue to be cautiously optimistic about the Orange County market,” says Holdner.  “We continue to see improvement in both the office and industrial markets, and we anticipate positive gains moving forward, provided job creation continues.”

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

  Jerry Holdner

  Voit Real Estate Services

  (949) 263-5371

  Jholdner@voitco.com

  www.voitco.com.

Bayer Properties Announces Joint-Venture Purchase of Colony Crossing at Madison in Madison, MS

Jeffrey Bayer

BIRMINGHAM, AL, (Jan. 7, 2016) – Bayer Properties, LLC, one of the nation’s premier real estate companies, and Savannah-based Wicker Park Capital Management, LLC, a U.S. real estate investment management firm, recently completed the acquisition of Colony Crossing at Madison, a 77,427-square-foot grocer shadow anchored neighborhood center located in Madison, Mississippi.

 This represents the second joint venture between Bayer Properties and Wicker Park Capital Management—the first was Germantown Collection retail center in Germantown, Tennessee.

Bayer Properties will lead leasing, property management and marketing efforts for Colony Crossing at Madison.

 “Wicker Park Capital Management is an investment management firm with excellent investment experience and market knowledge, and we are honored to partner with them in the acquisition of Colony Crossing at Madison,” said Jeffrey Bayer, president and CEO of Bayer Properties.

Mark Ibanez

 “Madison is consistently named as one of the most affluent cities in Mississippi, and we are excited about the opportunities this acquisition will bring to our portfolio.”

Colony Crossing at Madison was developed in 2005 and is conveniently located off I-55 in Madison and is in close proximity to major residential and commercial developments.

 The tenant mix features a variety of service, professional and retail businesses such as Orangetheory Fitness, The Landing, Massage Envy, Donut Place, Pizza Inn, Georgia Blue and Nagoya Japanese Restaurant and is shadow anchored by The Home Depot, Kroger Grocery and 134-room Hilton Garden Inn.

“We are excited to partner with Bayer Properties again, a firm dedicated to improving the quality of life in the communities it serves,” said Mark Ibanez of Wicker Park Capital Management. “We have a strong relationship with the Bayer team, and look forward to maximizing the performance of Colony Crossing at Madison.”

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

Kathryn Farmer

678-642-4301

kfarmer@thewilbertgroup.com

www.wpcmllc.com.

www.bayerproperties.com.

American Realty Advisors Sells Office Center in Orange County, CA

  

18201 Von Karman, Irvine, CA

 

David Hubbs

Orange County, CA, Jan. 7, 2016 – American Realty Advisors announced the sale of 18201 Von Karman, a 229,000 square-foot, 11-story Class A office building located in Irvine, California.

According to David Hubbs, Senior Portfolio Manager at American, 18201 Von Karman has all of the characteristics that institutional buyers of core product are seeking, including a great location, high occupancy, recently renovated common areas inside and out, amenities within walking distance, and strong curb appeal.

“The property offers the new buyer access to a high-quality asset in the highly sought after Airport submarket,” says Hubbs. “We achieved success with this property, and we believed it was time to sell into a market characterized by strong investor demand.”

The property is located within Orange County’s premier Greater Airport Area Submarket, an area which features tenants in the technology, engineering, media, entertainment, financial services and creative office fields. 

The buyer is New York Life Real Estate Investors, a subsidiary of New York Life Insurance Company. The property was marketed by Ryan Gallagher and Mike McCann of Holiday, Fenoglio, Fowler.

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

Lexi Astfalk / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

LAstfalk@browermillercole.com

www.americanreal.com.

HFF closes $48.25 million sale of 7-building light industrial park in Memphis, TN

Century Center Business Park, Century Center Parkway, Memphis, TN

Marty Busekrus

MIAMI, FL, Jan. 6, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed on the sale of Century Center Business Park, a seven-building, light industrial business park totaling 520,052 square feet in northeast Memphis, Tennessee.  

HFF marketed the property on behalf of the seller, GID Investment Advisers (GID), led by GID Vice President Rich Sullivan, who oversaw the asset throughout GID’s successful 10-year investment period.  

Taurus Investment Holdings, LLC purchased the park.  Cushman and Wakefield/Commercial Advisors will retain leasing and management for Century Center Business Park.

Situated on 50 continuous acres, Century Center Business Park is located off of Interstate 40, one of the most travelled interstates in the U.S., at 1590, 1600, 1610, 1620, 1640, 1670 and 1680 Century Center Parkway.  

Memphis is regarded as the “North American Distribution Center” since the city is the world headquarters for FedEx, which uses Memphis International Airport as its distribution hub, in addition to its centralized location; rail access and its proximity to the Mississippi River. 

Century Center Business Park has a mix of four industrial buildings with 22’ to 24’ clear heights and three office buildings.  Major tenant uses include pharmaceutical, hospital, advertising and distribution. 

Pat Sullivan

The HFF team representing the seller was led by director Marty Busekrus and managing director Pat Sullivan.

“The Memphis industrial sector came alive in 2015, absorbing more than eight million square feet, which is more than the three previous years combined,” Busekrus said. 

“The absorption was 3.4 percent of existing stock, which is the highest in the Southeast.  Century Center Business Park is an incredible park with a unique story and one of the strongest tenant bases in the Memphis area.”

“We are pleased to have made our third investment in the Memphis market with the acquisition of Century Center Business Park,” Peter A. Merrigan, CEO of Taurus Investment Holdings LLC, said. 

“The strong tenancy and continued growth within the park and in the Memphis market as a whole provided a compelling investment opportunity for Taurus and its investors.  We look forward to continued growth in this market sector in the years to come.”

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

 Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.tiholdings.com

www.gid.com.

HFF secures $11.6 million refinancing for The Q in San Diego’s Little Italy neighborhood

The Q Development, Little Italy Neighborhood, San Diego, CA

 

Aldon Cole

SAN DIEGO, CA, Jan. 6, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured an $11.6 million refinancing for The Q, a seven-story, 36,794-square-foot, mixed-use residential and retail development in downtown San Diego’s Little Italy neighborhood.

HFF worked on behalf of the borrower and developer, Jonathan Segal FAIA & Development Company, in arranging the 20-year, fixed rate, non-recourse, 4.61 percent refinancing with five years of interest only payments, followed by a 35-year amortization through one of HFF’s correspondent life company lenders, 

AEGON Realty Advisors, LLC, a commercial real estate investment and management arm of Aegon Asset Management.  HFF will service the loan.

  

The Q, designed and developed by the borrower, renowned San Diego architect and developer Jonathan Segal, was delivered in 2010 and features 28 luxury apartment units and five ground floor retail/office units leased to local eateries Underbelly, Monello, Bencotto and Influx. 

The residential units range from studio to two-bedroom/two-bath units averaging 991 square feet each.  Units feature floor-to-ceiling glass providing views of downtown San Diego and the bay.  

Jonathan Segal

The Q’s location in the heart of Little Italy provides residents with plentiful area amenities including restaurants, pubs, cafes, art galleries, shops and hotels all surrounding Amici Park.  

The property has easy access to both the Pacific Coast Highway and Interstate 5 providing access to the greater San Diego and Southern California area.

HFF’s debt placement team representing the borrower was led by senior managing director Aldon Cole..

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

 Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Crossman & Co. Negotiates 10 New Leases at Shopping Centers in Manatee and Sarasota Counties, FL

Tracy Worell

BRADENTON, FL and SARASOTA, FL --- Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated leases for more than 25,500 square feet with 10 new tenants at seven shopping centers in Manatee and Sarasota counties.  

Senior Associate Tracy Worell negotiated the largest new lease at West Gate shopping center 4001 Manatee Avenue West in Bradenton.  Anytime Fitness leased 10,075 square feet and brought the 114,094 square foot center to 100 percent leased.   

In Parrish at 1255 US 301 North at The Shops at Silverleaf anchored by Publix, Worrell negotiated two new leases--one for 1,400 square feet with Dr. Nina’s Vet Hospital and another for 2,450 square feet with Calavera Taqueria, a new restaurant concept opening in the new year, and their lease brought this center to 100 percent leased.  

                  

Crossman & Company Senior Associate Sandra Woodworth leased 1,750 square feet to Paladar Tastes of Cuba at Bradenton’s Lakewood Ranch Publix-anchored center at 11205 E. SR 70, and in the Lakewood Ranch Publix-anchored center at 8330 Market St.,Woodworth leased 2,400 square feet to Brain Balance Center of Lakewood Ranch a franchise offering programs that address academic and behavioral issues.

Sandra Woodworth

 In Sarasota in the Publix at Bee Ridge shopping center, 8300 Bee Ridge Rd., Woodworth leased two 1,400 square foot retail suites–one to Elizabeth Viktoria Salon and another to UPS.

Worrell negotiated two leases with two healthcare tenants at University Walk in Sarasota–one space with 1,750 square feet is for a new Florida Medical Hearing Center at 2807 University Parkway, and at 2827 University Parkway 1,734 square feet was leased to Optical Outlets. 

At Paradise Plaza, Worrell negotiated a lease with Chicken Kitchen for 1,225 square feet. The restaurant will open in 2016 at the Publix-anchored center located at Bee Ridge and US 41–one of the busiest intersections in Sarasota. 

The second Sarasota location for Chicken Kitchen joins Pier One and Salon Lofts as junior anchors at the center which is currently 96.31 percent leased.

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

Crossman & Co. negotiates Eight long term leases, maintaining 98-100 percent Occupancy at Four Orlando, FL Commercial Centers

 

Tyler Wilkins

ORLANDO, FL – Tyler Wilkins of Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated eight long-term leases at Orlando commercial centers where 98 to 100 percent occupancy has been maintained through 2015. 

  Wilkins represented the Orlando-based landlords at the centers which include:

• Belle Isle Commons at 5126 S. Conway Rd. where Tennessee-based Dollar General renewed the lease of 11,050 square feet;  
• Seattle-based Starbucks renewed the lease of 1,750 square feet; 
• Urban Bella Salon  renewed the lease of 1,073 square feet and California-based Boost Mobile signed a new lease for 900 square feet;   

 ·     Orange Avenue Commons, where Quality Nails renewed their 1,226 square feet; 

·     Goldenrod Plaza where Perkins Karate expanded into a 2,000 square foot space; and 

·     532 Virginia Drive, a freestanding medical office building in the heart of the up-and-coming Ivanhoe Village Arts District, where Loch Haven Veterinary Hospital leased 3,200 square feet.

  

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