NAI Realvest Negotiates New Office Lease at Wekiva Center in Apopka

 MAITLAND, Fla. --- NAI Realvest recently completed a new lease for 1,600 square feet of office space at Wekiva Center, 1706 E. Semoran Boulevard near the intersection of U.S. 441 in Apopka.

 Tom R. Kelley II, CCIM (top right photo), principal at NAI Realvest, brokered the transaction on behalf of the landlord, Wekiva Center Partnership based in Maitland.  The tenant is CNV Communications LLC, a professional digital integration company. 

NAI Realvest signs up the Nemours Foundation with more office space at La Vina Marketplace at Lake Nona

 MAITLAND, Fla. --- NAI Realvest recently negotiated a lease expansion agreement with The Nemours Foundation for three suites totaling 6,236 square feet of office at 9161 Narcoossee Rd. (Building B) at La Vina Marketplace in Lake Nona in southeast Orlando.

Senior Associate Mary Frances West, CCIM (middle left photo) negotiated the transaction representing the landlord, Orlando-based Ripley’s International LLC.

 The tenant already occupies 24,460 square feet at La Vina Marketplace in Building A, which is 9141 S. Narcoossee Rd.

 The lease expansion brings its total leased space to 30,696 square feet at the La Vina Marketplace.   

 Mickey Hage of Mickey Hage, Inc. represented The Nemours Foundation in the transaction.

NAI Realvest Negotiates Renewal Agreement at The Citadel III in Southeast Orlando

ORLANDO, Fla. – NAI Realvest recently completed a lease renewal agreement for 1,058 square feet of office space in Suite 515 at The Citadel III located at 5950 Hazeltine National Drive in Southeast Orlando.

 The NAI Realvest leasing team of Senior Associate Mary Frances West, CCIM, Matt Cichocki and Kevin O’Connor principals at NAI Realvest, negotiated the transaction representing the landlord, Citadel Partners, LTD based in The Villages, Fla.

 The tenant, Cottingham & Butler Limited, who has been a tenant in the Citadel since 2007, is a leading risk management and employee benefits broker.

 The West, Cichocki and O’Connor team has completed multiple new leases and renewals at Citadel III this year. 

Contacts:

Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989 mwest@realvest.com

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

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

Kevin O’Connor or Matt Cichocki, NAI Realvest, 407-875-9989, koconnor@realvest.com or mcichocki@realvest.com

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

Hendricks & Partners Negotiates sale of 68-unit Windward Apartment Property in East Orlando, FL

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 ORLANDO, FL --- Hendricks & Partners, the nation’s largest multi-family property advisory group, recently negotiated the sale of the 68-unit Windward Apartments (top left photo) property at 1744 Bowen Drive in East Orlando for $1,600,000.

 Cole Whitaker, Southeast partner for the firm and Hal Warren, associate partner, negotiated the sale representing the seller.  Nashville based Robbins Property Group acquired the property which was constructed in 1972.

 For more information, contact:  

 Cole Whitaker, Southeast Partner, Hendricks & Partners, 407-218-8880, cwhitaker@HPAPTS.com;

Hal Warren, Associate Partner, Hendricks & Partners, 407-218-8881, hwarren@HPAPTS.com

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

Cuhaci & Peterson Architects Awarded Contracts to Design New Winn Dixie in Islamorada in Florida Keys

ORLANDO, Fla. --- Cuhaci & Peterson Architects LLC, based in Orlando’s Baldwin Park, was recently awarded a contract to design a new Winn-Dixie supermarket in Islamorada in the Florida Keys.

The supermarket will be located at 81001 Overseas Highway on Upper Matecumbe Key. 

Lonnie Peterson, chairman at Cuhaci & Peterson said the design project will result in 22,000 square feet of supermarket space.

For more information, contact:  

Cuhaci & Peterson Architects Named to Design Remodeling for Sweet Bay Grocery Store in St. Petersburg, FL

 ORLANDO, Fla. --- Cuhaci & Peterson Architects, LLC was recently awarded a contract to design a major remodeling project for Sweet Bay Grocery store on 4th Street North in St. Petersburg. 

 Lonnie Peterson, chairman of the Baldwin Park architectural firm, said the Sweet Bay remodel involves 48,000 square feet of grocery space.

Lonnie Peterson, Chairman Cuhaci & Peterson Architects, LLC, 407-661-9100;  

Jed Downs, President Cuhaci & Peterson Architects, LLC, 407-661-9100;  

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

Two Southeastern Student Housing Assets Command $39 Million

 ORLANDO, FL, Oct. 12, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of two student housing communities for $39 million.

 Eagle’s Trail Apartments (top left photo) a 216-unit property in Hattiesburg, Miss., sold for $20 million, which represents $25,253 per bed and $69 per square foot.

University Crossing  in Ruston, La., a 144-unit community, commanded $19 million, which equates to $34,420 per bed and $96 per square foot.

Ray Turchi, a senior associate in Marcus & Millichap’s Orlando office, represented the seller of both properties, Ken Dixon, a private investor. Gregory Wilson, an associate in the firm’s Orlando, procured the buyer, a large student housing REIT.

Brent Yurtkuran (middle left photo) of Marcus & Millichap’s Jackson, Miss., office is the firm’s broker of record in Mississippi.

University Crossing was also represented by Turchi. Wilson procured the buyer, a private investment group. William Hoffpauir, of Marcus & Millichap’s Lafayette, La., office, also provided representation.

 “Ray Turchi negotiated and navigated both deals with the highest standard of broker excellence,” says Dixon.

“Eagle’s Trail Apartments is located one mile from the University of Southern Mississippi (USM) (bottom right photo),” says Turchi. “USM has a 2010-2011 enrollment of approximately 17,000 students and does not require freshman to live on campus. The school provides on-campus housing for less than one-third of its students,” continues Turchi.

 Built in 2007, the 792-room, 288,325-square foot Eagle’s Trail Apartments is located at 8 Eagle’s Trail in Hattiesburg, Miss. Students travel to the campus on “The Trail,” a paved bike and pedestrian path adjacent to the property that leads directly to the university.

Eagle’s Trail is composed of 16 stone-veneered three-story buildings featuring 180 four-bedroom/four-bath units and 36 two-bedroom/two-bath apartments. The units are leased by the bedroom. High-speed Internet, basic cable and utilities are included in the rent.

The 552-bed, 198,276-square foot University Crossing is situated across the street from Louisiana Tech University at 1201 West California Ave. in Ruston, La. The complex is comprised of 12 stone-veneered buildings- 11 three-story apartments and a clubhouse.

The unit mix is 132 four-bedroom/four-bath units and 12 two-bedroom/two-bath apartments. The units are leased by the bedroom and feature high-speed Internet and cable television with HBO.

University Crossing is located across the street from Louisiana Tech University and is 92 percent occupied.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Edens & Avant Announces Refinancing of Unsecured Revolving Credit Facilities

  

COLUMBIA, SC  /PRNewswire/ -- Edens & Avant, one of the nation's leading retail real estate owners and development companies, announced today it has closed on the refinancing of its $350 million unsecured revolving credit facility (the "Facility") and $30 million unsecured working capital line ("Working Capital Line"). 

The Facility and the Working Capital Line will both mature in September 2014, but include two, one-year extensions at the Company's option that could extend both facilities through September 2016.

For the Facility, Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as Joint Lead Arrangers and Joint Bookrunners.  Wells Fargo Bank, National Association is the Administrative Agent.  Bank of America, N.A. is the Syndication Agent.  PNC Bank and Branch Banking & Trust Company are co-Documentation Agents.  Capital One, Deutsche Bank, Regions Bank and U.S. Bank are Senior Managing Agents and Synovus Bank is a Participant. 

"Edens & Avant remains committed to preserving a conservative, flexible balance sheet that enables us to focus on operations and strategic, community focused investment opportunities," said Mark Garside (top right photo), Managing Director of Edens & Avant.   "The closing of these facilities advances our balance sheet strategy while lowering our overall cost of capital.  We appreciate the deep relationships we have with our bank group and their commitment to our company."

For additional information about the Company and its retail real estate portfolio, please visit www.edensandavant.com.  Or follow on Twitter @EdensandAvant.

Contact:  Robbie Robertson, Communications Director, Edens & Avant, +1-803-744-2446, rrobertson@edensandavant.com

Web Site: http://www.edensandavant.com/

Grubb & Ellis Landauer Recruits National Senior Housing and Healthcare Specialty Practice

 

 SANTA ANA, CA – Grubb & Ellis Landauer Valuation Advisory Services today announced the creation of a Senior Housing and Healthcare Valuation Practice, based in the company’s Sarasota, Fla., office.

 Under the leadership of Craig Smith, managing director, and a team of real estate consulting and valuation professionals will focus on the senior housing and healthcare industries. 

These include: continuing care retirement communities, assisted living facilities and rental retirement campuses, as well as acute care/critical access hospitals, residential treatment programs, ambulatory surgery centers and other specialty medical practice and treatment centers.

Smith and key team members Justin Butler, associate appraiser, and William Bastian, senior appraiser, combine to provide more than 50 years of experience in this specialty category.  Their involvement in more than 4,500 healthcare and senior housing projects has spawned broad exposure and deep relationships few can match in the industry.

“Structural changes in both the senior housing and healthcare sectors are driving the growing need for advisory and valuation services,” said Eduardo Alegre, , executive anaging director of Grubb & Ellis Landauer.  “The new practice provides synergies and the opportunity to collaborate with Grubb & Ellis’ Senior Housing practice group and Healthcare Properties Group, with growth opportunities not as constrained by economic cycles.”

Grubb & Ellis Landauer Valuation Advisory Services was established in 2010 to help the company expand into complementary businesses that are necessary to provide comprehensive commercial real estate solutions to its growing client base.  The company now has a presence in more than 35 markets in 19 states and Washington D.C. 

 To learn more about Grubb & Ellis Landauer’s capabilities,

 visit http://www.grubbellis.com/Landauer

 Contact: Julia McCartney, Phone: 714.975.2230

Email: julia.mccartney@grubb-ellis.com       

$100 Million Seniors Housing Portfolio Sale Closes in California

NEWPORT BEACH, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of three multifamily properties in California.

Village on the Green Apartments (top left photo), a 264-unit property in Rancho Cucamonga, sold for $43 million, which represents $162,264 per unit.

Buena Vida at Towne Center (middle right photo)in Rancho Santa Margarita, a 115-unit property, traded for $21.5 million or $186,957 per unit.

Oak View of Sonoma Hills (middle left photo) a 207-unit a property in Rohnert Park, traded for $35.5 million, which represents $170,673 per unit.

The properties were sold by Kisco Senior Living and purchased by Clarion Partners. The Clarion Partners acquisition team was led by Richard Pink and Khalid Rashid. The lead Marcus & Millichap agent was John L. Nguyen (lower right photo), a vice president investments in the firm’s Newport Beach office.

Alexander Garcia, Jr., a senior vice president investments in the firm’s Ontario office, and Brad Pennington (bottom left photo), a first vice president investments in San Francisco, also provided representation.

“These properties feature amenities designed for individuals with active lifestyles, including on-site state-of-the-art gyms, in-house theater-style projection rooms and weekly activities,” says Nguyen. “They are truly the ‘best in class’ and have performed very well during the recession with little to no rent compression.”

Village on the Green Apartments is at 9400 Fairway View Place in Rancho Cucamonga, which is in San Bernardino County.

 The property is surrounded by the fairways of Empire Lakes Golf Course and is within close proximity of the Victoria Gardens Mall, the Ontario Convention Center and the James L. Bruite Senior Center.

The Ontario Mills shopping mall and the Citizen’s Bank Arena are within walking distance. The 55-plus apartment community features a 9,000-square foot clubhouse and wellness center, a resort-style pool and spa, a fitness center, picnic area, library, game room and a business center. Each unit has central air conditioning and heating, full-size stackable washer and dryer, refrigerator, microwave and private patio and balcony.

Buena Vida at Town Center is a resort-style apartment community for active adults located at 30824 La Miranda in Rancho Santa Margarita in southeastern Orange County. Rancho Santa Margarita is a master-planned community that provides residents with city amenities in a small-town setting.

Community amenities at Buena Vida at Town Center include controlled access, full covered parking, a business center, clubhouse, swimming pool and spa and six onsite laundry facilities. Units feature above-standard ceiling height, central heating and air conditioning and fully appointed kitchens.

Located at 1350 Oak View Circle in Rohnert Park, Oak View of Sonoma Hills is the premier luxury rental community for active seniors in Sonoma County. The four three-story buildings are of stylish Craftsman-style architecture and are built around beautifully maintained grounds with superbly appointed apartment homes that have been designed specifically for residents age 55 and better.

The focal point of the community is a 9,000-square foot clubhouse and wellness center that offers residents a resort pool and spa, fitness center, movie theater, library and business center, gourmet kitchen and lounge, arts and crafts room, covered porch with outdoor fireplace, outdoor gas barbecue and on-site salon and spa.

 Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Greystar Significantly Expands Presence in Northeast

  

 MCLEAN, VA– Greystar, the nation’s largest multifamily real estate management firm, has significantly expanded its presence in the Northeast and Mid-Atlantic states in the first three quarters of this year.

 It has substantially increased the size of its apartment portfolio under management, as well as the size of the staff based within its McLean, Virginia office. It also acquired two high-profile properties in the Washington, D.C. Metro area.

“Greystar is investing significant resources in the Northeast and Mid-Atlantic, and we expect this momentum to continue,” said Kevin Sheehan (top right photo), Managing Director of Real Estate for Greystar.

 “Clients seeking third-party management understand that we have the ability to leverage the strength of our national platform in terms of marketing, procurement, accounting and financial management, all while offering local expertise, to maximize return on investment.”

The overall firm already tops The National Multi-Housing Council’s 2011 list of Top 50 Apartment Managers. In recent months, the firm’s growth in the Northeast and Mid-Atlantic has shown unprecedented momentum:

The number of apartment communities under management has increased by half – with a dramatic increase of 51% – to a total of 46. The number of units increased 5,594 to a total of 16,452.

The increases include new management agreements for communities in a number of urban and suburban areas including Boston, Massachusetts; Philadelphia, Pennsylvania; Prince George County, Laurel and Columbia, Maryland; Washington, D.C.; and Williamsburg, Ashburn and Gainesville, Virginia.

 The Northeast regional office has hired and relocated nine key management employees, and will soon move to a modern 7,000 sq ft. office, to accommodate its explosive growth.

“Our strategic vision is to be the premier management company within the Washington D.C. Metropolitan area and to further expand our growing presence within the highly-competitive Philadelphia, New York City and Boston Metropolitan areas,” said Debbie Webre (lower right photo), Senior Managing Director for the Northeast. “Greystar is positioned to have a long-term presence in the Northeast.”

 The expansion includes two new acquisitions: the firm purchased The Aventine Fort Totten (top left game room), in Washington, D.C. for $55 million in March; it also closed on The Warwick for $65.1 million in Silver Spring, Maryland in August.

 The Aventine Fort Totten is a new garden-style community with 308 studio, one- and two-bedroom apartments, as well as 5,000 square feet of retail space.

The Fort Totten Metro Station is right next door, offering an easy commute into Washington. Modern amenities include a pool and sundeck, business center, game room, lounge and 24-hour fitness center. Each apartment has a full-sized washer and dryer, natural wood cabinetry and high ceilings. Select units have upgraded appliances, countertops and flooring.

The Warwick (middle right photo), a 397-unit high-rise, offers studio, one-, two- and three bedroom apartment homes. Its proximity to major interstates offers easy access to employment, recreation and entertainment destinations throughout the D.C. Metro area. The community, which has excellent amenities and balcony views, will soon be offering newly-renovated apartments, in addition to an impressive remodeling of the entrance lobby, corridors and surrounding landscaping.

”Silver Spring is one of the most sought-after submarkets by renters in the D.C. Metro area,” Sheehan added. “The Warwick will offer our residents spacious living with all of the conveniences, entertainment and enjoyment of downtown Silver Spring and D.C.”

Greystar is also pursuing the possibility of developing new multifamily communities in the Northeast region. Announcements on that are expected within the coming months.

To learn more about Greystar, visit http://www.greystar.com/.

Regional Contact:

Terri Thornton, Thornton Communications

Terri@TerriThornton.com

(404) 932-4347

Colliers International Completes 65-Unit Apartment Sale Totaling $11.980 Million in Costa Mesa, CA

COSTA MESA, CA, Oct. 11, 2011 – Colliers International, the second largest global real estate services organization, has completed the sale of 65-unit Casa Granada Apartments (top left photo) located at 400 Merrimac Way, Costa Mesa, Calif. The transaction is valued at $11.980 million.

 Pat Swanson, Vice President, based in Colliers’ Orange County office represented both the Seller, GBW Investments, and the Buyer, CT Realty Corp.

Built in 1968, Casa Granada Apartments offer pool, patios, garages and carports and are consisted 22 units of 1BD/1BA, 28 units of 2BD/1BA, 13 units of 2BD/1.5BA, and two units of 2BD/2BA, and one Studio (non-conforming).

 “We sold this apartment complex at a 5.0% cap rate,” said Swanson. “What made the deal attractive to the Buyer was the upside in rents, the potential to establish a "RUBS" program to bill back the tenants for water and trash, as well as the location, adjacent to Orange Coast College in West Costa Mesa.” 

Colliers International Sells the Former Metropolitan Water District Headquarters in Downtown Los Angeles

LOS ANGELES, CA, Oct. 11, 2011 – Colliers International, the second largest global real estate services organization, has completed the sale of a seven story mid-rise, 110,000-square-feet office building, which will be converted to residential housing. The property is located at 1111 Sunset Blvd., Los Angeles (lower right photo), and the transaction is valued at $6.8 million.

 Armando Aguirre, Senior Vice President, and Jesse Munoz, Senior Associate, both based in Colliers International’s Downtown Los Angeles office represented the Buyer, 1111 Sunset LLC, a Downtown Los Angeles-based real estate developer of mixed use, urban infill communities.

The Seller is 1111 Sunset Blvd., LP,  represented by Phillip Sample, Chris Caras and Brendon Monaghan of Grubb & Ellis.

The property was a portion of the former Metropolitan Water District Headquarters in the early 1990s. The seven story office building which has spectacular views of the city was previously entitled for residential.

It is proposed to be converted to +/- 92 Units of residential housing by the Buyer. It is conveniently located just west of the Harbor (110) Freeway and north of the Ventura (101) Freeway on the northwest border of both Downtown Los Angeles and Chinatown.

 *This transaction required a collaborative effort from all parties involved,” said Aguirre. “Both Buyer and Seller had to overcome difficult hurdles, including municipality regulations, title issues and challenging market conditions.”

 *The building is located where Angelino Heights and Chinatown (lower right photo) converge, bordering the Central Business District of Downtown Los Angeles.

This area, shadowing Dodger Stadium (middle left photo) above, provides excellent economic fundamentals with tremendous number of employment centers, transportation, and lies in close proximity to shopping and restaurants, and other major development projects,” added Munoz.

Contact:

Angela S. Hwang

Regional Marketing Coordinator | Greater Los Angeles

Dir +1 213 532 3258 | Mob +1 310 867 4105

Main +1 213 627 1214 | Fax +1 213 327 3258

angela.hwang@colliers.com

Colliers International

865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA

http://www.colliers.com/

Institutional Property Advisors Sells 77 Multi-Family Units in Glendale, CA

  

.GLENDALE, CA – Institutional Property Advisors (IPA), a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Legacy at Westglen (top left photo), a two-building, 77-unit apartment complex in Glendale. The terms of the sale were not disclosed.       

Ron Harris (middle right photo), an executive vice president, and Joseph Smolen (lower left photo), an associate director, both in Los Angeles, represented the seller, TIAA-CREF Global Real Estate and the buyer, Acacia Realty Corp.

“Even though Legacy at Westglen underwent moderate renovations in 2006-2007, there is still an excellent opportunity to add value to this asset by instituting a premier renovation program,” states Harris. “For the buyer, this asset provided a rare chance to acquire a high-quality stable apartment building in the desirable Glendale market.”

Built in 1984, the 80,766-square foot property is located at 1151-1161 Sonora Ave., within blocks of the local public elementary school. Shopping and entertainment are available within walking distance at Kenneth Village, a quaint shopping area featuring a variety of merchants and eateries.

Glenoaks Boulevard, a major thoroughfare lined with retail stores and restaurants, is one block south of the property. One of the highest-end retail facilities in the country, Americana at Brand, is less than five minutes away.

Legacy at Westglen features a sparkling swimming pool, a new fitness center, two spas, controlled subterranean parking, separate storage lockers, Wi-Fi access, a barbecue area, 24-hour laundry facilities and secure access controlled by an intercom.

Apartments at Legacy at Westglen have central heating and air conditioning, custom paint, new appliances, walk-in closets, mirrored sliding doors, garbage disposals, microwave ovens and dishwashers.

 Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Emerson International Reports Four New Long Term Lease Agreements at CenterPointe Office Park in Altamonte Springs, FL and One at Sanlando Center in Longwood, FL

ALTAMONTE SPRINGS, FL. --- Emerson International recently closed on four new long term lease agreements at CenterPointe Office Park (top left photo) in Altamonte Springs and one at Sanlando Center (middle right photo) in Longwood.

Eric Emerson, vice president and general manager of Emerson International, said Sean Westcott, director of leasing and property management for Emerson International, negotiated all lease agreements.

Debt Mediators, LLC leased 1,193 square feet.

Neno Research, Inc. leased 1,333 square feet.

Consumer Business and Debt Research, Inc., leased 1,259 square feet.

Penthouse Acupuncture, LLC, leased 500 square feet.

Paradign Health, LLC leased 1,524 square feet.

For more information,  contact

 Sean Westcott, Director of Leasing and Property Management, Emerson International, Inc. 407-834-9560 swestcott@emerson-us.com;

Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com;

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

Chatham Lodging Announces Third Quarter Earnings Call to be Held Tuesday, Nov. 8, 2011

 PALM BEACH, FL, Oct. 11, 2011 - Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded select-service hotels, today announced that it will report third quarter 2011 financial results on Monday, November 7, 2011, following the close of the market.

 On Tuesday, November 8, 2011, at 10 a.m. ET, Jeffrey H. Fisher (top right photo), Chatham’s chief executive officer, and Dennis M. Craven, its chief financial officer, will host a conference call to review third quarter 2011 financial results.

Shareholders and other interested parties may listen to a simultaneous webcast of the conference call on the Internet by logging onto Chatham’s Web site, www.chathamlodgingtrust.com, or www.streetevents.com, or may participate in the conference call by calling 1-877-941-6009, reference number 4479976.

 A recording of the call will be available by telephone until midnight on Tuesday, November 15, 2011, by dialing 1-800-406-7325, reference number 4479976.  A replay of the conference call will be posted on Chatham’s website.

 Additional information about Chatham may be found at www.chathamlodgingtrust.com.

Contacts:   

 Jerry Daly, Carol McCune, (Media) Daly Gray Public Relations, (703) 435-6293

jerry@dalygray.com                    

Dennis Craven, Chief Financial Officer, (Company), (561) 227-1386              

dcraven@cl-trust.com

Plaza Advisors Announces Sale of Towne Center Plaza in Sanford, FL

TAMPA, FL --Plaza Advisors is pleased to announce the sale of Towne Center Plaza (top left photo) in Sanford, Florida. This shopping center is situated adjacent to the Seminole Towne Center Mall on North Entrance Road in northern Seminole County.

Towne Center Plaza totals 82,098 square feet of gross leasable area and is anchored by Jo-Ann Superstore, Books-A-Million, Tuesday Morning and West Marine. The asset was constructed in 1998 and was fully leased at the time of sale.

 Plaza Advisors exclusively represented the seller in this transaction and co-managing partners Anthony Blanco and Jim Michalak, together with Senior Associate, Lenard Williams were involved in the engagement. The seller was a private partnership entity and the buyer was a private investment group based in North Miami.

Contacts:

Miami Office                                                  Tampa                        

Anthony Blanco                                            Jim Michalak

5201 Blue Lagoon Drive, Suite 846                      3412 Bay to Bay Boulevard

Miami, FL 33126                                                Tampa, FL 33629

OFFICE: 305-629-3606                                       OFFICE: 813-837-1300

FAX: 305-647-6441                                              FAX: 813-831-2627

Anthony.blanco@plazadvisors.com          Jim.michalak@plazadvisors.com        

EagleBridge Capital Arranges Mortgage For Canton, MA Warehouse/Distribution Building

Boston, MA -- EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $2,720,000 for 115 Shawmut Road, Canton, Massachusetts (top left photo). 

The mortgage financing was arranged by EagleBridge principals Ted. M. Sidel (middle right photo)l and Brian D. Sheehan (lower left photo) who stated that the loan was composed of senior and junior financing with the permanent first mortgage provided by a regional financial institution.

115 Shawmut Road is located in the Shawmut Industrial Park.  The building is a 55,000 square foot multi-tenant warehouse/distribution building with a 21’ clear ceiling height.  Exterior walls are brick.  Routes I-93, I-95, and 139 are within a five minute drive.

115 Shawmut Road is 100% leased to three companies.  Tenants include Analog Devices, a leading NYSE listed manufacturer of high-performance integrated circuits used in analog and digital signal processing applications, Delta Beckwith, which designs, installs, and services elevators and escalators, and Akers Industries, a wholesale supplier of disposable latex gloves for various industries and work gloves. 

Mr. Sidel and Mr. Sheehan stated, “We are pleased that EagleBridge was able to structure very competitive long term financing that met the borrower’s needs.”

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for industrial, office, and r & d buildings,  shopping centers, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.

Contact:  Ted Sidel, (617) 292-7177, Ext. 10, 33 Broad St., Boston, MA 02109.

Fax 617 292 7575

http://www.eaglebridgecapital.com/

Sukkah New York Festival Celebrated in Times Square by Stonehenge Partners

The first Sukkah in the Times Square District, titled Sukkah in the City, will be built by Stonehenge Partners (http://www.stonehengenyc.com), for the Jewish holiday.

Stonehenge Partners is an owner/operator of luxury apartment buildings in New York City.

New York, NY (PRWEB) Oct. 10, 2011 -- Stonehenge Partners, an owner and operator of luxury apartment buildings in New York City, announced today that it will build the first Sukkah in the Times Square district, titled Sukkah in the City, for the upcoming Jewish holiday.

This Sukkah will be located in the Ritz Plaza Firefighter’s Memorial Park (middle right photo) at 235 West 48th Street, between 8th Avenue and Broadway and adjacent to its luxury rental apartment building, The Ritz Plaza.

 It will be open to the public daily from 10:00AM to 8:00PM. During these hours, members of the community are welcome to bring their meals and eat in the Sukkah.

 In addition, Chabad Lubavitch of Midtown will have volunteers on site to welcome and inform the public about the meaning of the Sukkah and the Estrog and Lulav connection.

 The unique façade of Stonehenge’s Sukkah, which features giant sized sunflowers, lady bugs, and blue sky, takes its inspiration from the Sukkah City erected last year in Union Square.

Stonehenge also recognizes that the changing season is an opportunity to reconnect with our agricultural past, to reflect on a time of impermanence, and to celebrate Manhattan, and specifically Times Square, as a crossroad of culture.

“In the tradition of the Bryant Park Sukkah and synagogues throughout the city, Stonehenge is honored to open the first annual Sukkah in the heart of it all, Times Square,” states Stonehenge Creative Director, Michael Stern.

“The most important part of the Sukkot observation is warm hospitality, and Stonehenge is pleased to host New Yorkers under the branches of our Sukkah and our rooftops within the city’s skyline.”

About Stonehenge Partners

Founded in the early 1990’s by Ofer Yardeni (middle left photo) and Joel Seiden (lower right photo), Stonehenge Partners is a fully integrated real estate company based in New York. The firm which has 55 employees is primarily invested in Manhattan multifamily real estate.

Stonehenge, together with its investment partners, currently owns and manages a real estate portfolio valued at nearly $1.8 billion.

The portfolio is comprised of 19 properties representing approximately 3.2 million square feet, including 2,560 residential apartment units, office, retail and garage space.

For more information about Stonehenge Partners please visit http://http://www.stonehengenyc.com/.

Contact: Jonathan Fishman, Stonehenge Partners, 646-878-2004