Tuesday, January 31, 2012

Berger Commercial Realty Corp. Announces Three New Sales


  

FORT LAUDERDALE, FL – Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale, and serving clients around the state, announced three new sales from Senior Vice President Steve Hyatt (top right photo)

 Hyatt represented receiver Lloyd Berger (lower left photo) in the sale of a 7-unit apartment complex, located at 3355 Central Ave. in Sarasota, for $170,000 to buyer Expat Properties.

 Hyatt also represented seller Symbolism Properties, LLC in the sale of an 18-unit apartment building, located at 2619- 2687 Crystal Lake Acres Drive in Lakeland, to OLI-5 LLC for $337,500.

 Additionally, Hyatt represented seller States Resources Corp. in the sale of a 1,745-square-foot office/warehouse building, located at 2440 N.W. 54th St. in Miami, to 2440 N.W. 54 LLC for $125,000.

 In 2011, Hyatt sold 13 apartment buildings, one former car dealership and an office warehouse building.

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

Thomas D. Wood & Co. Brokers Seven Self-Storage Financing Deals




CORAL GABLES, FL -- Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of

  • $7,665,000 for six Stor-All Self Storage facilities.
  • $1,900,000 for Boyton Beach Stor-All Self Storage,
  • $1,685,000 for Johnson Ferry Stor-All Self Storage,
  • $1,265,000 for Tucker Stor-All Self Storage,
  • $1,025,000 for Dunwoody Stor-All Self Storage,
  • $945,000 for Coastal Stor-All Self Storage
  • $845,000 for Decatur Stor-All Self Storage all through Thomas D. Wood and Company's correspondent relationship with The Standard Life Insurance Company.

Steven H. Wood (top right photo), Company Chief Operating Officer, secured financing for the Boyton Beach Stor-All Self Storage (top left photo) in the amount of $1,900,000. The permanent, fully-amortizing, partial-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 59%.

The 62,430 square-foot self storage building, located on 4.44 acres of land, was built in 1989 and 1991, and is located at 4390 Hypoluxo Road, Lantana, Palm Beach County, Florida 33462.

 Wood also secured financing for Johnson Ferry Stor-All Self Storage (middle right photo) in the amount of $1,685,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 41%. The 73,703 square-foot self storage building, located on 4.57 acres of land, was built in 1990 and 1994, and is located at 4365 Johnson Ferry Place NE, Marietta, Cobb County, Georgia 30068.

Wood secured financing for Tucker Stor-All Self Storage in the amount of $1,265,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 36%. The 97,240 square-foot self storage building, located on 5.53 acres of land, was built in 1973 and renovated in 1993. The property is located at 1750 Montreal Circle, Tucker, DeKalb County, Georgia 30084.

 Wood also secured financing for Dunwoody Stor-All Self Storage (lower left photo) in the amount of $1,025,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 26%.  The 68,560 square-foot self storage building, located on 1.85 acres of land, was built in 1994. The property is located at 4340 Dunwoody Park South, Dunwoody, DeKalb County, Georgia 30038.

Wood secured financing for Coastal Stor-All Self Storage in the amount of $945,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 54%. The 46,230 square-foot self storage building, located on 3.30 acres of land, was built in 1984. The property is located at 6351 Lake Worth Road, Lake Worth, Palm Beach County, Florida 33463.

 Wood also secured financing for Decatur Stor-All Self Storage in the amount of $845,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 33%. The 57,406 square-foot self storage building, located on 3.00 acres of land, was built in 1974 and renovated in 1993. The property is located at 1504 Austin Drive, Decatur, DeKalb County, Georgia 30032.

Contact:

Ashlee E. Wood
Director of Marketing and Public Relations
(305) 447-7834

Steven H. Wood
Chief Operating Officer
(305) 447-7836

Island Hospitality Management to Implement Plan to Double Size within Five Years; Tim Walker Rejoins Firm as President


 PALM BEACH, FL, Jan. 31, 2012—Officials of Island Hospitality Management LLC, one of the nation’s largest hotel management companies, today announced that Tim Walker (top right photo) has rejoined the company as president. 

Walker will be responsible for executing a new growth strategy to double the size of the company’s managed portfolio over the next three to five years to approximately 150 hotels.  Currently, Island manages a portfolio of 76 hotels for five different ownership groups.

To achieve its growth goals, the company will focus on forming strategic relationships with a limited group of institutional owners who require sophisticated operating and reporting systems and have a longer-term ownership model.  Island plans to increase its ownership base from five ownership groups currently to approximately 10.  The company will operate hotels within Island’s core competency—upscale extended-stay, select-service, and compact full-service hotels ranging in size from approximately 200 to 250 rooms. 

“Island and its predecessor companies have a 25-year proven track record of operating in these segments with superior results,” Walker said.  “Our portfolio has consistently achieved industry-leading RevPAR premiums, compared to its competitive set.  Part of that success is due to our team of professionals who have an owner focus and work closely together to improve revenues and margins.  Historically, our margins have averaged upwards of 40 percent.” 

Walker spent the majority of his career at Island, where, over 17 years, he rose to the position of president.  He served briefly as CEO of Innkeepers USA Trust, a private ownership group with more than 70 hotels, before rejoining Island. 

 He began his career with Promus Corporation, operating Embassy Suites-branded hotels.  He has received numerous awards throughout his career from Marriott, Hilton and Starwood in guest satisfaction and sales and revenue management.  He is on the Owners Advisory Committee of Hyatt House, formally known as Summerfield Suites. 

Additional information is available on the company’s Web site, http://www.islandhospitality.com/.

 Contact:

Jerry Daly, Carol McCune
(703) 435-6293

 Patrick Daly
Account Supervisor
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289


Monday, January 30, 2012

ARA Announces 297-Unit Portfolio Sale in Delray Beach, FL





Boca Raton, FL (Jan. 30, 2012) — The Boca Raton office of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently brokered the sale of the The Fountains at Delray Beach (top left photo) (149 units) and Water’s Edge (top right photo) (148 units). Each asset was 94.6% occupied at the time of sale.

 The Boca Raton-based sales team of Principal, Avery Klann (middle left photo), Senior Vice President Hampton Beebe (lower right photo), and Principal Marc deBaptiste  represented Archon Group in the sale.š Acumen Real Estate purchased the property.šš

  “The Fountains at Delray Beach and Water’s Edge are situated in an ideal location in the Delray Beach rental submarket,” noted Avery Klann, lead broker on the deal.š “These highly desirable communities are proximate to several dynamic employment centers including Boca Raton, downtown West Palm Beach, and Fort Lauderdale.”

 The Fountains at Delray Beach offers resort-style amenities including a swimming pool, sundeck, hot tub, clubhouse, fitness center, club room, tot lot, tennis court, picnic gazebos with barbecue grills, storage spaces and attached and detached garages.š

 The oversized units feature full size washer/dryers, large covered balconies/patios, ceramic tile kitchens and baths, walk-in closets, dishwashers/disposals, track lighting in dining/kitchen areas, vaulted ceilings in top floor units and available intrusion alarms.š

Water’s Edge features a low density design at only eight units per acre.š Its amenity package includes a pool with a sundeck, walking trail around the lake, clubhouse, fitness center, picnic area with grills, tennis court, sand volleyball court and children’s playground.š

The functional floor plans feature full size washer/dryers, ceramic tile kitchens and baths, patio/balconies, walk-in closets, vaulted ceilings in top floor units and dishwashers/disposals.šššššš

 “The properties are only a five-minute drive from the bustling Downtown Delray Beach entertainment district,” noted Hampton Beebe.

 To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Marti Zenor at mzenor@ARAusa.com or 561.988.8800.šš



Nicholas Matt rejoins HFF Pittsburgh as managing director




PITTSBURGH, PA – HFF announced today that Nicholas Matt (top right photo) has rejoined the firm as a managing director in its Pittsburgh office. 

Mr. Matt will focus on debt and investment sales transactions for all property types with a specialized focus on multi-housing throughout the northeastern United States.

 He worked at HFF for more than 10 years as an analyst and later a managing director before spending two years as a senior vice president in CBRE’s debt and equity finance department.

 Prior to working for HFF, he spent nearly 10 years employed with “Big Four” accounting firms where he advanced to become a tax manager in the Pittsburgh office of PricewaterhouseCoopers. 

Mr. Matt has a Bachelor of Science degree from Saint Vincent College, an MBA in Finance from the University of Pittsburgh and a Masters in Taxation from Robert Morris College. 

 He is a Certified Public Accountant and a member of the Apartment Association of Pittsburgh, the Western Pennsylvania Apartment Association, the Institute of Real Estate Management, Urban Land Institute, National Association of Office and Industrial Properties and the Pennsylvania Institute of CPAs.  

“Nick is one of the top producers in the Pittsburgh market and HFF is fortunate to have him back with the firm,” said Mark Popovich (lower left photo), a senior managing director in HFF”s Pittsburgh office.

Contacts:                         
                    
MARK POPOVICH                             KRISTEN MURPHY
HFF Senior Managing Director        HFF Associate Director, Marketing
 (412) 281-8714                                 (713) 852-3500
mpopovich@hfflp.com                      krmurphy@hfflp.com

LAX Central Utility Plant Project Tops Out



 LOS ANGELES, CA,  Jan. 30, 2012 – The new Central Utility Plant (CUP) at Los Angeles International Airport (LAX) reached a major construction milestone when construction workers placed the final structural steel beam atop the building’s frame on January 24, 2012.

Currently on schedule for construction completion in summer 2014, the $438 million (development cost) design-build project is being built by Clark/McCarthy, A Joint Venture.

In just four weeks, construction workers from Schuff Steel used a Manitowoc 999 Lattice-boom crawler crane with a reach of 140 feet to erect 1,400 tons of structural steel, creating the frame for the new CUP.

 An audience of approximately 300 project stakeholders and construction workers celebrated the ‘topping out’ during a ceremony held near the construction site.

As a part of the event, attendees signed the final I-beam adorned with an American flag and an evergreen tree. The beam was then lifted 75 feet high and attached to the top of the structure.

The new CUP is being built to replace the existing 50-year old facility with a modern; state-of-the-art, computer managed utility plant providing enhanced passenger comfort and reliability of utility service and safety within the newly renovated modernized terminals at LAX.

 The existing CUP will service the airport throughout construction. Upon project completion, the replacement will be brought on-line and the old CUP will be decommissioned and demolished.

Clark/McCarthy, A Joint Venture is a joint venture between Clark Construction Group and McCarthy Building Companies.

Additional project partners include: Gruen Associates, Los Angeles, architect; Arup, Los Angeles, mechanical, electrical, plumbing, structural, and commissioning engineer; Capital Engineering Consultants, Rancho Cordova, Calif., mechanical consultant; Greenform, Los Angeles, sustainability consultant; and PID Engineering, San Diego, cogeneration consultant.

For more information about the project and project teams, please visit:


Media Contacts:

Laura Mickelson, McCarthy Building Companies
(949) 453-0851
16 Technology Drive, Suite 125
Irvine, CA  92618
(949) 453-0851
(949) 453-8420 fax
Follow me on Twitter @LauraMickelson

Eric Fulton, Clark Construction, eric.fulton@clarkconstruction.com
(301) 272-8437
Albert Rodriguez, Los Angeles World Airports, arodriguez@lawa.org
(424) 646-5260

The Lodging Unlimited Group of Companies Appointed Receiver for Country Hearth Inns & Suites Hotel in Indiana





CHICAGO, IL and NEW YORK, NY, Jan. 30, 201--The Lodging Unlimited Group of Companies (LUIGC), a  hotel investment and services organization, today announced that it has been appointed receiver by a Midwestern savings bank for the Country Hearth Inns & Suites hotel (top left photo) in Madison, Ind.

 The hotel will be operated by LUIGC’s Chicago-based hotel management division, Lodging Unlimited, Inc., which has a 50-plus-year proven track record of operating and turning around troubled hotels.  It is the eighth hotel currently owned or operated by the company.

“Many hotels were unable to survive the severe economic downturn and credit crunch and require a significant infusion of re-energized management, updated marketing strategy and creative financing,” said Morris Lasky (middle right photo), chief executive and founder of the management company. 

 “We have a significant number of relationships with lending institutions and expect to increase our work as a receiver over the next 24 months. 

“Our role for this property is to dramatically improve top-line revenues, rebuild margins and enhance employee morale.  That combination will help us quickly re-establish the hotel in its market, return it to profitability and significantly improve its value.”
 
Lasky noted that the company is building its hotel management portfolio by taking on troubled and profitable asset assignments, both individual hotels and portfolios, and through acquisitions through its sister company, The Lodging Opportunities Group LLC (LOG).

LOG is a recently formed opportunistic investment company formed to acquire troubled assets that require significant hands-on turnaround and repositioning expertise.  Headquartered in New York City, the company currently has a significant pipeline of both single assets and portfolios. 

“We organized our group to respond to the opportunities that are emerging from the latest down-turn,” said Marty Schiffman (middle left photo), president of LOG.  “Combined, our executive team brings more than 150 years of hotel and real estate investment experience, including ownership, third-party management, asset management and consulting on hotel assets valued at more than $8 billion in the aggregate, comprising more than 300 hotels.” 

The organization historically has been an active participant in the troubled segment of the hotel industry, and along with management, provides litigation support, development consulting and crisis consulting. 

The Lodging Unlimited Group of Companies includes  Lodging Unlimited Inc., a diversified company providing all aspects of distress services; Lodging Unlimited West, the group’s Scottsdale, Ariz.-based hotel management division; and LOG. 

Additional information about the company may be found at www.lodgingunlimited.com, or by calling Morris Lasky at (312) 595-1390, Marty Schiffman at (212) 909-8420, or John Cauvin at (480) 443-0909 x100.


 Media contact:

Jerry Daly, Patrick Daly
Daly Gray, Inc.
703 435 6293

 Patrick Daly
Account Supervisor
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289

Access Point Financial Secures Credit Facility with Wells Fargo Capital Finance in Response to Growing Demand for CapEx Financing



 ATLANTA, GA, Jan. 30, 2012—Officials with Access Point Financial, Inc., a full-service lending and advisory company focused on the hospitality industry, today announced that they have closed on a senior secured credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). 

The facility, combined with a substantial equity investment in Access Point by Stone Point Capital, LLC, puts the company on track to place $1 billion in loans for hotel improvement/bridge financing by 2015, in line with its initial projections. 

“We are pleased to have established a relationship with Access Point Financial,” said Andrea Petro (top right photo), division manager of the Lender Finance division of Wells Fargo Capital Finance.   “We look forward to supporting Jon Wright and his company’s senior management team in its plans for the successful growth of their business.”

“We are in the early stages of seeing meaningful debt funding return to the hotel industry,” said Jon S. Wright (top left photo), president and CEO of Access Point.

 “At this stage of the rebound, only the most experienced lenders and hoteliers are active, and we applaud Wells Fargo for its continued leadership in the hotel industry. 

“This infusion from  Wells Fargo Capital Finance, along with continued improvements in the hotel economy, will help us accelerate and facilitate the much needed flow of capital to the hotel industry. 

“This credit facility will allow us to further execute our growth plans and achieve our initial target of placing $1 billion in loans in our first three years.” 

Access Point is a direct lender providing loans starting from $200,000 for CapEx up to $40 million for brand sponsored construction programs.  Hotels that are executing renovation programs also can combine low-leveraged first mortgages with Access Point’s capital expenditure financing.  


In addition to sourcing new funding, Access Point recently was awarded Platinum status by the IHG Owners Association, and was appointed as an Associate Member of the Association of Starwood Franchisees and Owners North America (ASFONA) with Jon Wright serving as an Honorary Board Member.  


For more information on the companies above, please visit wellsfargocapitalfinance.com; www.owners.org  or contact 770-604-5555;


Contact:

Jerry Daly, Chris Daly
(703) 435-6293

 Patrick Daly
Account Supervisor
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289


Kevin Johnson Joins Invest Atlanta; Veteran Economic Developer to Help Fill Project Pipeline




ATLANTA, GA (Jan. 30, 2012) – Invest Atlanta said today Kevin Johnson (top right photo), a 25-year veteran of the economic development industry, has joined the organization as a senior advisor for economic development.

Working closely with Bill Cronin (top left photo) , vice president of economic development, Johnson will help fill Invest Atlanta’s project pipeline.

Johnson has more than 25 years of experience in economic development, most recently as vice president of economic development at St. Joe Co., Florida’s largest real estate developer.

He also has held positions as vice president of business development for the Research Triangle Foundation and vice president of business development for the Greater Phoenix Economic Council. No stranger to Georgia, Johnson also served as president of the Athens Area Chamber of Commerce. 

“Kevin’s extensive experience and large professional network adds a key dimension to our team,” Cronin said. “ A track record of success in cities such as Raleigh-Durham and Phoenix brings a fresh perspective to help attract new development and jobs to Atlanta.”

A certified economic developer, Johnson is actively involved in economic development education, mentoring and has served on the board of directors of the International Economic Development Council.

“Atlanta has an incredible story to tell on several fronts,” Johnson said. “I look forward to telling the story and helping attract investment in Atlanta and new jobs to our city.”

Johnson, originally from Myrtle Beach, S.C. received his degree from South Carolina State University. He now resides in Atlanta with his wife and two children.

 Invest Atlanta (formerly Atlanta Development Authority) is the official economic development authority for the City of Atlanta. Its purpose is to increase opportunity and prosperity for the people of Atlanta by strengthening its economy and global competitiveness. 

(Atlanta Fashion Mall, lower left photo)


Chaired by the Mayor of Atlanta, and governed by a nine-member board of directors, Invest Atlanta’s programs and initiatives focus on developing and fostering public/private partnerships to create jobs, grow the economy, revitalize neighborhoods, attract investment, spur innovation, and encourage entrepreneurship.

To achieve these goals, Invest Atlanta leverages the benefits of bond financing, revolving loan funds, housing financing, tax increment financing (TIF), and tax credits.




 For more information on how Invest Atlanta can provide solutions for you or your business, contact us at: 404-880-4100, or visit us at: www.InvestAtlanta.com.

To get the latest updates, follow us on Twitter@InvestAtlanta, and Like us on Facebook.

Contact:
Tony Wilbert,

Commercial Asset Partners closes $294K medical sale to dentist in Trinity, FL




Trinity, FL (Jan. 30, 2012) – In an indication of the demand for medical office space in the Trinity area of Pasco County, Commercial Asset Partners (CAP) Realty closed the sale of a 3,280-square-foot office condo in Trinity Professional Center (top left photo) to a pediatric dentist.

The space, sold for $294,350, is located at 8804 Hawbuck Street in Trinity.

Carol Kinnard (top right photo) of CAP represented the seller, RKL Investments, LLC. Diane Weldon (middle left photo) of Coldwell Banker Action Realty represented the buyer, pediatric dentist Dr. Christopher Eric Chuong.

Dr. Chuong, new to the Trinity area, purchased half of the 6,560-square-foot building, making it 100 percent occupied. The office condo unit was a gray shell requiring a build-out analysis and interior construction for the buyer.

In an area that was previously vacant ranch land, the demand for medical office space has been increasing, tied to the construction of the Medical Center of Trinity, a hospital owned by HCA Healthcare. The hospital, slated to open in February, is moving from its previous location in New Port Richey, Fla.

“Since the Medical Center of Trinity announced that it is entering the area, we’ve seen an increase in commercial activity,” said Kinnard. “We’re seeing an especially large interest in medical office sales and leasing.”

Kinnard, who holds the Associated Medical Office Expert (AMO) certification, specializes in the sales and leasing of medical office space and is well-versed on the unique requirements for certain specialty practices.

CAP also recently completed the following office lease transactions in the Tampa Bay area:

·            Apollidon Learning, a provider of marketing and student recruitment for distance education masters degrees, expanded their space at Bay Arbor Place at 3689 Tampa Road in Oldsmar, Fla. Heidi Tuttle-Beisner, Broker-Owner at CAP Realty, worked as a transactional broker and facilitated the deal.

Stillpoint Capital, a financial management and advisory company, leased 2,000 square feet in the 3,500-square-foot professional building at 13051 W. Linebaugh Avenue in Tampa. Theresa Margaris (middle right photo) of CAP Realty worked as transactional broker and facilitated the deal. The entire transaction was completed in less than 45 days.

·            CSDVRS, LLC, a national company providing video conferencing services for the deaf community, leased 3,000 square feet at 1038 E. Brandon Blvd. in Brandon. The tenant was represented by Paula Clair Smith, CCIM, of CAP Realty and the landlord, NextGen Realty, LLC was represented by Bruce Demers of Doyle & McGrath Real Estate out of Lutz.

Sunfield Homes, Inc. leased 2,600 square feet in a 31,000-square-foot office park at 8139 State Road 54 in Trinity. Heidi Tuttle-Beisner (lower left photo) worked as a transactional broker and facilitated the deal.

One of the top mid-sized commercial real estate companies in the Tampa Bay area, CAP Realty handles leasing and sales of retail, office and industrial properties, along with helping clients with real estate investment sales and land transactions.

Based in Trinity, Fla., Broker-Owner Heidi Tuttle-Beisner and her team have built a company that has the experience and resources to handle a wide range of assignments, while offering a high level of personal service for each client.

For more information, see the company’s website at www.cap-realty.com.


Contact:
Leah Saunders
Account Executive
25 Second Street North | Suite 220 | St Pete, FL 33701
o 727.895.5030 x104 | c 813.924.0367

Saturday, January 28, 2012

High-Priced Condominium Sales Slump in Coral Gables, FL Ends With Sale of Home Listed for $6 Million



MIAMI, FL  /PRNewswire/ -- Although an absolute auction was planned Friday for an ultra-luxury waterfront condominium in Coral Gables, Florida, there won't be any bidders in attendance.

The seller did not get cold feet, and there was plenty of bidder interest. Enough interest, actually, that the property was placed under contract on Wednesday, two days prior to the January 27 auction date.

Platinum Luxury Auctions LLC, a luxury auction firm headquartered in Miami, Florida, handled the sale.

The buyer, a retired area business mogul who is downsizing from his waterfront estate, wanted to purchase the property outright rather than compete for it at the auction.

The residence was listed for $5.995 million prior to being scheduled for luxury auction. Although the contract price was not known at press time, Trayor Lesnock (top right photo), president of Platinum Luxury Auctions, stated that the price was "significant."

The sale was no small achievement: there had not been a single sale for a condominium above $3 million dollars in the cities of Coral Gables or Coconut Grove since August of 2010, despite plenty of inventory listed for sale from $3 million to $10 million, making competition for luxury buyers fierce.

Within the last 12 months, the average sale price in these cities for a luxury condominium that was listed above $1 million hovered near the $1.5 million mark.

"Despite fielding inquiries from all over the world for this auction, we are pleased to have placed this property under contract prior to the auction event," said Lesnock. "The agents in Coral Gables are world-class real estate professionals, and everyone has been aggressively searching for this caliber of buyer for their listing. The auction succeeded in finding him."

Within 5 weeks, the auction's marketing program generated over 11,000 hits to the property's auction website from 54 countries. According to Lesnock, a number of serious bidders had registered for the auction and placed $200,000 into escrow, as the auction terms required.

"The goal of the auction process was to sell the property, and I'm very pleased with the outcome," said P.R. Steinfurth, CEO of real estate investment firm The Styles Group and the seller of the property. The sale should close in February.

Contact  Traynor Lesnock, +1-305-744-5220