Friday, November 4, 2011

Marcus & Millichap Lists Bank United Building in Delray Beach, FL

  

DELRAY BEACH, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has secured the exclusive listing to market the 50,887-square foot Bank United Building (top left photo) in Delray Beach, Fla, according to Greg Matus, Vice President/Regional Manager of the Fort Lauderdale office.  The asset is listed for $8.9 million.

 Vice President Investments Douglas K. Mandel (bottom right photo) of Marcus & Millichap’s Fort Lauderdale office secured the listing.  He is representing the seller, a limited liability company from Delray Beach, Fla.

“This is a unique opportunity to acquire a landmark building that is conveniently positioned along West Atlantic Avenue and equidistant to Interstate 95 and the Florida Turnpike. 

The property is 93 percent leased with a diverse tenant base,” says Mandel. The Bank United Building is located at 5300 West Atlantic Avenue in Delray Beach, Fla.

Press Contact: Ashley Steele, (954) 245-3400

Jones Lang LaSalle Signs Honeywell to Long-Term Renewal in Glendale, AZ; Keeps 400 high-paying jobs in the local market

  

  PHOENIX, AZ– Jones Lang LaSalle has renewed Fortune 100 firm Honeywell (NYSE:HON) in a long-term, 252,000-square-foot industrial lease that keeps the company, and as many as 400 local jobs, at its aerospace facility at 19019 N. 59th Ave (top left photo).in Glendale, Ariz.

Honeywell has operated out of the Glendale industrial/flex building for 25 years.

Managing Directors Anthony J. Lydon, SIOR (top right photo), Marc Hertzberg, SIOR (middle left photo), Don Mudd (lower left  photo) and John Bonnell (middle right photo) in the Phoenix office of Jones Lang LaSalle represented the building owner, Lexington Realty Trust (NYSE:LXP), in the lease.

Andy Sexson of Colliers International in Chicago represented Honeywell.

“This lease reflects a confidence that Phoenix can continue to produce, deliver and retain the top-flight engineers that Honeywell needs for its business,” said Lydon. “It also protects a sizeable number of well-paying jobs, which is a win for the local economy.”

Honeywell has approximately 122,000 employees worldwide, including more than 19,000 engineers and scientists. It serves customers with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.

The building owner, Lexingon Glendale LLC, is an affiliate of Lexington Realty Trust—a leading investor in single-tenant commercial properties throughout the United States.

“Phoenix has seen a sharp drop in its availability of big block industrial space,” said Lydon. “Right now, we only have three local industrial buildings over 200,000 square feet that are available to tenants. This has some companies pursuing build-to-suit alternatives and has developers considering inventory industrial construction. These are significant steps forward in the real estate cycle for this product type.”

Contact:
Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

Clark/McCarthy JV Team Reaches Structural Topping Out Milestone for Camp Pendleton Naval Replacement Hospital Project in San Diego, CA



SAN DIEGO, CA --  – The joint venture design-build team of Clark Construction Group, LLC, and McCarthy Building Companies, Inc., has topped out the 500,000-square-foot Naval Replacement Hospital Project at Camp Pendleton, having erected more than 4,000 tons of structural steel to reach the milestone.

The construction team, with Naval Facilities Engineering Command (NAVFAC) Southwest, marked the completion of the project’s structure today with a jobsite luncheon and ceremony.

 The Replacement Hospital at Camp Pendleton Project construction team has worked more than 250,000 man-hours over the past 14 months, with zero lost-time incidents. The project is currently one month ahead of schedule.

 When complete in early 2014, the new $394 million, multi-level hospital will encompass inpatient medical facilities with 54 patient rooms accommodating up to 60 beds, ancillary departments, emergency care, primary care, specialty care clinics, and support spaces and facilities for non-ambulatory patients who require stays in excess of 24 hours.

 Clark/McCarthy is a joint venture of Clark Construction Group - California, LP, and McCarthy Building Companies, Inc.

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

Bonnie Kutch, bkutch@kutchco.com, (619) 299-1010, www.kutchco.com         
Eric Fulton, eric.fulton@clarkconstruction.com, cell (619) 322-5001

Cousins Signs Retailers for Emory Point in Atlanta



 ATLANTA, GA (Nov. 4, 2011) – Cousins Properties Incorporated (NYSE: CUZ) today announced the first group of retailers to sign leases at Emory Point rendering (top left photo).


Located in the Clifton Corridor, adjacent to the Centers for Disease Control and Prevention and in close proximity to Emory University and Emory Healthcare, Emory Point is a vertically integrated mixed-use development.

The first group of retailers includes: CVS, Jos A. Bank, Marlow’s Tavern, Which Wich, Solar Dimensions and Carriage Cleaners.

 “From locally owned stores and restaurants to national chains, Emory Point will provide the trade area with a unique mix of upscale retail and restaurant options,” said Larry Gellerstedt (middle right photo), Cousins President and CEO.  “Additionally, Emory Point retailers will create approximately 600 jobs for the local community.”

 The $100+ million Phase I of the project will include more than 80,000 square feet of retail space and 443 luxury apartments. Construction began in July and is expected to be complete by fall 2012. The second and third phases of the project will be developed according to market demand.

The development includes the first new retail project built in the trade area in 20 years; the largest private development start inside the Perimeter in more than three years; and the first partnership between Cousins and Gables – two Atlanta-based development companies.

 Contact:
Matt Scofield
JACKSON SPALDING for Cousins Properties
Image Creation, Cultivation and Communication
P  404.214.3554

Thursday, November 3, 2011

Marcus & Millichap Promotes Two Professionals in Manhattan Office




Joseph Koicim Moves Up from Senior Associate to Vice President Investments


NEW YORK, NY – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Joseph Koicim (top right photo) to associate vice president investments.

 This achievement is one of the highest levels of recognition the firm awards to its investment specialists. It represents excellence in the development and servicing of long-term client relationships, according to J.D. Parker (top left photo), vice president and regional manager of the firm’s Manhattan office.

Most recently, Koicim held the title of senior associate in the Manhattan office.

Koicim join the firm in August 2004. He was named an associate of the firm in January 2007, and promoted to senior associate in March 2009. He has received three sales recognition awards from Marcus & Millichap.

Koicim is a director of the firm’s National Multi Housing Group and Special Assets Services Group.


Scott Edelstein Elevated from Senior Assocate to Associate Vice President Investments


NEW YORK, NY– The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Scott Edelstein (lower right photo) to associate vice president investments.

 Most recently, Edelstein held the title of senior associate in the Manhattan office.

After being named an associate of the firm in July 2007, Edelstein was promoted to senior associate in April 2009. He has received three sales recognition awards from Marcus & Millichap.

Edelstein is a director of the firm’s National Multi Housing Group and Special Assets Services Group.

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

Cuhaci & Peterson Architects completes design of new Wawa Convenience Store on I-Drive and Central Florida Parkway in Orlando, FL



ORLANDO, FL. --- Cuhaci & Peterson Architects, LLC, based in Baldwin Park completed the design for the new prototype Wawa convenience store and gas station on International Drive and Central Florida Parkway.

Lonnie Peterson, chairman at Cuhaci & Peterson Architects said the new 5,000 square foot Wawa will open in next summer.


Firm  awarded contract for new Hallmark store in Duval County, FL

ORLANDO, FL --- Cuhaci & Peterson Architects LLC, based in Orlando was recently awarded a contract to design a new Hallmark store at Bartram Park in Duval County, FL.

Lonnie Peterson, chairman at Cuhaci & Peterson Architects said the facility will offer 1,500 square feet of space. The project, according to Peterson, includes landlord shell work.

For more information, contact:  

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  

Celebration Golf Management Launches Centralfloridagolftrips.Com to Book Travel, Golf Packages


CELEBRATION, FL. --- Celebration Golf Management, which owns or operates six Central Florida golf courses, launched CentralFloridaGolfTrips.com, a website that helps golfers find available golf courses, tee times, amenities and prices, along with visitor information, resort and hotel accommodations and a wide range of  “off the beaten path” restaurants and entertainment venues.

Gene Garrote (top right photo), president of Celebration Golf Management said Alan Darty heads CentralFloridaGolfTrips.com and the site was officially launched recently.

“We are here to help golfers create their ultimate dream golf vacation to Central Florida,” Garrote said. 

“The site will help golfers find out about all of our golf courses and resorts and provide information on things to do in the area, including off-the-beaten-path restaurants, shops and activities,” Garrote added.

The CentralFloridaGolfTrips.com staff has first hand experience with all of the Celebration Golf Management clubs and will take time to respond to all questions and needs of customers because they understand their requirements and will recommend the best possible course and accommodations.  

   The CGM staff has access to the latest tee time sheets and as well as accommodation promotions and they can provide the best customized golf vacation planning at the lowest possible price.

For more information about this press release, contact
Gene Garrote, President, Celebration Golf Management, 407-566-1045
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142.

Emerson International completes 40,000-SF office building at Research Park in East Orlando for Florida Technical College



ALTAMONTE SPRINGS, FL --- Emerson International has completed a 40,000 square foot office building at Central Florida Research Park in East Orlando that will be completely occupied in November.

Eric Emerson, vice president and general manager of Emerson International, said the entire building has been leased to Florida Technical College (top left photo).

Lincoln Properties will manage the building, Emerson said.   

Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies.

For more information,  contact

 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.

Top Producing Associates at Stirling Sotheby’s International Realty Rack up 10 Home Sales in Three Months



ORLANDO, FL. --- Rachel McGrath (right) and Debbie Keilin) are fast making a name for themselves as top producers at Stirling Sotheby’s International Realty in Volusia County.

Roger Soderstrom founder and owner of Stirling Sotheby’s International Realty said McGrath and Keilin posted sales of 10 properties that totaled more than $4.45 million during the third quarter of 2011. (Per the Daytona Beach MLS Aug 1-Oct 31 2011)

Some of Keilin and McGrath’s largest sales include --

  • ·         The last known residence of Lear Jet fame, William P. Lear, Jr. at Spruce Creek Fly-In community in Port Orange. The luxury home and private aircraft hangar sold for $785,000.

  • ·         A second Spruce Creek Fly-In luxury home purchased by an Argentinian businesswoman for $545,000.

  • ·         A luxury oceanfront condominium in Daytona Beach with more than 5,000 square feet of living space for $1.46 million.

“Rachel McGrath and Debbie Keilin are just dynamic,” Soderstrom said. “They are two of the most enthusiastic, well-educated and highly motivated real estate professionals I know,” Soderstrom said.

For more information,  contact

 Debbie Keilin, International Luxury Homes Specialist, Stirling Sotheby’s International Realty 386 451-4251;
Rachel McGrath, International Luxury Homes Specialist, Stirling Sotheby’s International Realty 386 795-0911;
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890; rsoderstrom@stirlingSIR.com;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142   Lvershelco@aol.com.  

Crossman & Co. Completes New and Renewal Leases at Retail Centers in Casselberry, FL totaling 3,406 SF

  

ORLANDO, FL – Crossman & Company, the Orlando-based firm that ranks as one of the largest retail property management and leasing companies in the Southeast, recently negotiated three lease agreements – one new lease and two lease renewals – at Casselberry retail centers.

 Leasing Associates Tracy Harrison and Craig Katterfield at Crossman & Company negotiated all three transactions representing the landlord for each center. 

 At Summit Plaza II (top left photo) 1033 SR 436, The Middlesex Corp. signed a new lease for 2,023 square feet and Infinite Ideas & Designs renewed its lease of 1,030 square feet. 

 Experience Works renewed its lease of 350 square feet in the Greater Mall located at 400-484 S.R.  436. 

For more information, contact:  

Tracy Harrison, Leasing Associate, Crossman & Company 407-423-5400
John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;  
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com  



First Green Bank Launches Door-To-Door Campaign to Herald New Headquarters Facility in Mount Dora, FL



EUSTIS, FL– First Green Bank, which has facilities in Clermont and Eustis, has launched a highly successful door-to-door greeting campaign to let potential customers know it is opening a new headquarters facility on U.S. 441 in Mount Dora very soon.

Kenneth E. LaRoe, chairman and chief executive officer of First Green Bank, said the door-to-door campaign is a part of First Green Bank’s “person to person” approach to personal and business banking.

 “First Green Bank believes in direct community outreach,” LaRoe said.

LaRoe said 20 First Green Bank associates went door-to-door on Saturday, October 22nd in Eustis and Mount Dora, and the response was phenomenal.

“We knocked on more than 700 doors, and people were very gracious,” LaRoe said. “They welcomed us and they appreciate our community-based approach to banking,” he said.

LaRoe said the next door-to-door campaign is set for Nov. 5 from 11 a.m. to 2 p.m.

First Green Bank is known for its culture of community enhancement and environmental responsibility, as well as its innovative approach to marketing.

For more information about this press release, contact:  

Audrey O’Shaughnessy, Creative Specialist, First GREEN Bank, 352-483-9100, Audrey@firstgreenbank.com
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 or 407-461-3780 lvershelco@aol.com  



Mercantile Capital Corp. Provides Commercial Real Estate Loan in Winter Garden, FL Worth Over $600,000


Altamonte Springs, FL– Mercantile Capital Corporation, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed a commercial loan for Horizon Food Company, DBA, Horizon Food Brokers recently for $606,500 in total project costs.


Horizon Food Company, who began operations in 1999, is a Manufacturer broker who represents 35 different food, disposables, paper and janitorial manufacturers. 

They sell to a wide variety National Distribution companies such as Sysco, US Foodservice, Cheney Brothers, Gordon Foods, Flowers Foods, XpedX as well as local and regional restaurants, including Hooters, Millers Ale House, Margaritaville, Kerrs Wing House, Gator’s Dockside, Orlando Magic, Walt Disney World and Columbia.

 This loan allows us to expand our facilities and enhance our operations, and we’re excited about what it will do for our business,” said owner, John Brauner (top left photo).  “We’ll be able to provide better service than we ever thought possible to our valued customers, and we expect to continue our growth and increase the profitability of Horizon Food Company. Many thanks to Mercantile Capital Corporation for helping us with this.”


Contact:
Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040
Robin Lashley, Marketing Mercantile Capital Corporation, 407-786-5040
Beth Payan or Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com     



NAI Realvest Negotiates Two Industrial Lease Renewals in Metro Orlando at Hanging Moss and Monroe CommerCenters for More Than 10,515 SF



 ORLANDO, FL – NAI Realvest recently negotiated two lease renewals for industrial space totaling 10,515 square feet at commerce centers in Sanford and Orlando.  

 Michael Heidrich, principal at NAI Realvest, brokered both transactions representing the landlords.

 At Monroe CommerCenter South (top left photo), the tenant Highway 46 Holdings, LLC, based in Lake Mary, renewed its lease of 8,640 square feet in suites 1001-1013 at 4295 Church St. where COP-Monroe, LLC of Maitland is the landlord.    

Heidrich also represented the landlord COP Hanging Moss, LLC in a renewal lease agreement with El Neato, Inc. d/b/a Kona Ice for the 1,875 square feet leased at suite 320,  6124 Hanging Moss Rd. in the Hanging Moss CommerCenter (bottom right photo).  

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

Berger Commercial Realty Corp. Announces New Sales



 FORT LAUDERDALE, FL – Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale, Fla., and serving clients around the state, announced new deals from brokers Keith Graves (middle left photo), St. George Guardabassi (middle right photo) and Steve Hyatt (lower left photo.

Graves and Guardabassi represented Schaefer Industries in the lease of 6,400 square feet of industrial space, located at 3387 SW 13th Ave. in Fort Lauderdale, to Island Bargains, LLC, represented by Mike Safrin with The Keys Company.

 Hyatt represented receiver Lloyd Berger in the sale of Tina Apartments, a 13-unit building located at 1693 4th St. in Sarasota, for $285,000 to buyer Certi-Pro, Inc., represented by Maurice Connaughton of Prime Property of Florida.


Lloyd Berger (top right photo) is founder and president of Berger Commercial Realty Corp., and in 2008, founded Berger Special Assets as a division of the firm.

 Berger Special Assets serves as receiver, management company and leasing agent to enhance the value of distressed commercial and multifamily properties across the state on behalf of lenders and financial institutions.

  In 2011, Berger's multifamily group has sold 11 properties for approximately $8.5 million total.

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


Sperry Van Ness | RealSite Group Enters New York City



 NEW YORK, NY – Sperry Van Ness | RealSite Commercial Group, a premier Baltimore, Md. commercial real estate firm, has expanded its operations into New York City.  The new firm, Sperry Van Ness | RealSite Group, is located at 123 Third Ave., Suite 9C and will service the New York metropolitan area. 

Led by Anthony Casalena, CCIM (top right photo), who serves as managing director, Sperry Van Ness | RealSite  Group will provide  sales, leasing and  consulting services to improve building marketability and efficiencies for office, retail, industrial and multifamily properties.

“We are pleased to have the additional strength of the Sperry Van Ness network in New York City.  Tony has a successful track record of collaborating with Sperry Van Ness advisors across the country to complete transactions and will continue to leverage our network of affiliates to increase deal activity in the region,” said Kevin Maggiacomo (middle left photo), chief executive officer and president of Sperry Van Ness International. 

With more than 15 years of corporate and real estate experience, Casalena has worked with regional and national organizations, principals, tenants and investors in all aspects of acquisitions, dispositions and leasing. 

 Casalena advises clients on sound investment opportunities within and outside their local markets providing market analysis, financial comparative analysis, sale-leaseback and leasehold valuations.  He also works with building owner clients to increase net operating incomes through sustainability consulting services.

 “Our decision to open an office in New York was due to our growing number of New York-based clients.  With an office in New York City, we are better positioned to service their growing needs as well as the needs of international buyers looking for opportunities to invest in the City.  We also see this as a great opportunity to help New York’s building owners and property managers increase building efficiencies (www.SVNgreen) through sustainable business practices,” said Casalena.

 Casalena went on to say that the New York operation will focus on leveraging the affiliation of Sperry Van Ness advisors across the country to effectively manage their clients’ growing appetites for New York real estate.

Prior to joining Sperry Van Ness, Casalena served as vice president of brokerage sales for Coldwell Banker Commercial NRT. 

 Previously, he worked for companies including Hewlett Packard, Cisco Systems and several venture capital funded startups. 

 His responsibilities have included senior executive roles in worldwide sales and field operations with experience in site selection approval, transaction structuring, lease term negotiations and the evaluation of acquisitions involving multinational office locations.      

For more information, visit http://www.svn.com/.

Contact:  Megan Morales, (714) 273-2472, megan.morales@svn.com