Three Cassidy Turley Properties Included on Tampa Bay Business Journal’s Top 25 List

TAMPA, FL – [July 16, 2012] The Tampa Bay Business Journal has ranked three of Cassidy Turley’s properties for lease on its Top 25 Office Buildings list.

 Corporate Center One (top left photo) at International Plaza ranked No. 8 on the list, while Corporate Center Two and Three ranked No. 13 and No. 12, respectively.The list ranks Tampa Bay office buildings based on total rentable square footage.

Corporate Center One is a 390,698-square-foot Class-A office space with Bloomin’ Brands and Numera Software among its major tenants. Corporate Center Two and Three are Toby award winning, Energy Star rated office buildings, both with 286,111 square feet.

 “Cassidy Turley is very excited to be representing the highly desirable Corporate Center at International Plaza properties,” said Ron S. Ruffner, vice president of the firm’s Tampa office. “They not only rank high in rentable square footage, but offer great amenities and attractive locations.”

 Media contact:

Tony Wilbert

Wilbert News Strategies

404-965-5022

twilbert@wnspr.com

NAI Realvest Negotiates Two New Office Lease Agreements at The Citadel in East Orlando

ORLANDO, FL. – NAI Realvest recently completed two new lease agreements totaling 4,005 square feet of office space at The Citadel III, 5950 Hazeltine National Drive in southeast Orlando.

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

The local tenants are Hope for Haiti Children’s Center, Inc. d/b/a Danita’s Children, who leased suite 510 with 1,010 square feet and Cargo Aircraft Management, Inc. who signed a lease for suite 350 with 2,995 square feet.  Joe Hills of Coughlin Commercial represented Cargo Aircraft.

 NAI Realvest is the leasing and management representative of The Citadel and West leads the leasing team.

For more information, contact:

Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest,

407-875-9989 mwest@realvest.com;

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

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

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

ARA Announces Sale of a 3,187-Unit, Multi-State, UDR Portfolio in 3 Markets

 Jacksonville, FL (July 16, 2012) — The Jacksonville, FL, Washington, D.C. and Dallas, TX offices of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multi-housing industry, announces the sale of the UDR Multi-State Portfolio.

This is part of a previously announced disposition by UDR. The nine-property, 3,187-unit portfolio is spread across three separate ARA markets including Jacksonville, FL, Dallas, TX and Richmond, VA.š UDR and ARA worked together to identify key buyers across the U.S. who demonstrated the desire, capability and market knowledge to acquire these assets.

 ARA Florida-based Principals, Marc deBaptiste (top right photo) and Kevin Judd (middle left photo) along with Vice President, Matt Wilcox, ARA Dallas, TX-based Principals Brian O’Boyle and Brian Murphy together with ARA Washington DC-based Principals Drew White, Mike Marshall and Ryan Ogden represented Denver, CO-based UDR, Inc., in the transaction. UDR is a leading multifamily REIT which manages, buys, sells, develops and re-develops assets across the U.S.

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

Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360

Amy Morris at amorris@ARAusa.com, 678.553.9366; locally,

Marti Zenor, at mzenor@ARAusa.com, 561.988.8800.

Charles Dunn Co. Completes Record-Breaking $7.51 Million Sale of Single-Tenant Retail Property Occupied by Chase Bank in West Los Angeles, CA

  

LOS ANGELES, CA, July 16, 2012 –Charles DeSantis (top right photo) of the Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the record-breaking sale of a 5,000 square foot single-tenant leased investment occupied by Chase Bank for $7.51 million.  The property is located at 11975 Santa Monica Blvd. in West Los Angeles.

The price per square foot of the building was $1,500, which sets a record as the highest price per square foot ever paid for a bank occupied single tenant retail property in the Los Angeles/West Los Angeles region according to CoStar records.

DeSantis, senior managing director with Charles Dunn Company, represented the sellers, HJRJ LLC, et al from Los Angeles.

The buyer was Golden Matrix LLC from Los Angeles. The property sold at a cap rate of 4.8 percent on existing income, 5.37 percent based on income commencing in December 2012 for five years.

According to DeSantis, the sale was completed in just three weeks.

Charles DeSantis can be reached at (310) 996-2232.

Contact:

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

Berger Commercial Realty Corp. Announces New Sale in St. Petersburg, FL

 FORT LAUDERDALE, FL. (July 16, 2012) – Commercial real estate broker Judy Dolan (top right photo) of Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, closed the sale of a lender-owned, mixed-use building located in St. Petersburg, Fla.

 Located at 6100 Haines Road, the property sold for $150,000 to John and Patricia Farese. Dolan represented the seller Waterfall Victoria Mortgage Trust 2010-SBC 1 REO, LLC.

Contact:

Marielle Sologuren

Pierson Grant Public Relations

(954) 776-1999, ext. 226

msologuren@piersongrant.com

Hendricks & Partners Negotiates $15.9 Million Sale of Lexington Park Apartments in Orlando

ORLANDO, FL --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the Lexington Park Apartments (top left photo)on Westgate Drive in Orlando for $15.9 million.

Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale of the 252-unit apartment property with associate partner Hal Warren in Orlando and senior investment advisor Jason Stanton in the firm’s Tampa office.

Hendricks & Partners represented the institutional seller.  The buyer was not disclosed.

Built in 1988, the three-story garden style apartments total 210,812 square feet of rentable living space with one and two bedroom units and an average monthly rent of $716.

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; 

Jason T. Stanton CCIM, Senior Investment Advisor, Hendricks & Partners, Direct: 727-674-4097; jstanton@hpapts.com

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

Commercial Real Estate Leader Colliers International Expands Southeast Presence

BIRMINGHAM, AL and SEATTLE, WAJuly 16, 2012 /PRNewswire/ -- Colliers International today announced the addition of a Birmingham, Ala., office to its global operations. 

As part of the firm's ongoing commitment to enhancing client services, Colliers continues to expand upon its already significant presence in the southeast.  The Birmingham office is among 15 others that the firm has established since 2010.

"There is a significant growth opportunity for Colliers not only in Alabama, but also in the southeast region," said Dan Spiegel (top right photo), executive vice president of operations for Colliers International in the U.S.

"We are very excited to welcome our new colleagues to the Colliers family in Birmingham, a leading market in the state, and for the future of the firm's southeastern operations as we continue to grow. This addition will surely strengthen our footprint in the area."

Sandner Commercial Real Estate, a Birmingham-based firm that specializes in office and industrial real estate, and its staff of commercial real estate brokerage experts and property management professionals, will lead the charge by joining Colliers International's 12,300 professionals operating out of more than 522 offices in 62 countries.

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

 Monica Howald,

Fleishman-Hillard,

+1-314-982-6233,

monica.howald@fleishman.com

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

National Retail Properties, Inc. Increases Common Dividend

ORLANDO, FL, July 16, 2012 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 39.5 cents per share payable August 15, 2012 to common shareholders of record on July 31, 2012.

The dividend represents an annualized rate of $1.58 per share and marks the twenty-third consecutive year National Retail Properties has paid increased annual dividends per share.

National Retail Properties is one of only four publicly traded REITs and 104 publicly traded companies in America to have increased annual dividends for 23 or more consecutive years.

"We are proud to reach our twenty-third consecutive year of increased annual dividend payments," said Craig Macnab (top right photo), Chairman and CEO. "A consistent and increasing dividend is extremely important to our shareholders and is a track record we intend to perpetuate."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2012, the company owned 1,486 Investment Properties in 47 states with a gross leasable area of approximately 17.0 million square feet.

 For more information on the company, visit www.nnnreit.com.

Colliers Completes Nearly 200,000 SF of Industrial Tenant Transactions in 30 Days in Metro Miami

MIAMI, FL - Over the past 30 days Colliers International South Florida's Vice President of Industrial Services, Mort Fetterolf (lower left photo), has closed almost 200,000 square feet of industrial leases in Miami. 

 Fetterolf represented tenant SYNNEX Corporation, a business process services company, in their relocation from Dolphin Commerce Center to Prologis' Beacon Lakes.

SYNNEX will occupy 60,318 square feet at 12650 NW 25th Street, utilizing the new building's 30' ceiling heights to be more efficient.

Colliers Commercial Associate Erin Dee (top right photo) assisted in the transaction. Landlord Prologis was represented by George Pino and Ed Lyden of State Street Realty.

In a second transaction, Agility Logistics Corporation renewed its lease agreement one year prior to their expiration at Beacon Industrial Park for 93,218 square feet represented by Fetterolf. Agility sought further efficiency in its space, located at 11010 NW 30th St, Doral, which measured 118,000 SF initially. 

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

 Crystal Proenza

Vice President of Marketing

Colliers International South Florida

Commercial Real Estate Services

Tel: 305 476 7138

Email: crystal.proenza@colliers.com

www.colliers.com

Marcus & Millichap Announces Sale of Stepping Stone Building for $130,000 in Sarasota, FL

 SARASOTA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Stepping Stone Building (top left photo), a 2,920 rentable square foot vacant office building located in Sarasota, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset commanded a sales price of $130,000.

Krone Weidler (lower right photo), an associate vice president investments and member of the National Seniors Housing Group in the Tampa, Florida office of Marcus & Millichap, had the exclusive listing to market the property on behalf of a financial institution based out of North Carolina.  Ms. Weidler also represented the buyer, a private investor. 

The Stepping Stone Building is located at 250 North Tuttle Avenue.  This former pre-school facility was built in 1959 with a licensed capacity for 64 children.

 The property is zoned OPD (Office Professional District), which permits a wide variety of possible uses.  Building layout consists of multiple educational/instructional rooms, kitchen, office, reception area and multiple restrooms.  On-site improvements include a large fenced-in playground area, storage shed and asphalt paved parking.

“The investor is planning to upgrade the building and lease it to a child daycare worker, who plans to operate as a daycare for children,” says Ms. Weidler.  “The location is excellent for this type of business.” 

Press Contact:

Richard D. Matricaria

Regional Manager,

Tampa, FL

(813) 387-4700

ARA’s South Florida Team Executes Sale of 300-Unit Multifamily Community in Boynton Beach, FL

Boynton Beach, FL  — 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 300-unit Ashley Lake Park (top left photo) in Boynton Beach, FL.

 The Boca Raton-based sales team of Senior Vice President Hampton Beebe, Principal, Avery Klann, and Principal Marc deBaptiste represented Chicago-based Capri Capital Partners, LLC in the sale.š

 The community was acquired by Boston, MA-based Robbins Property Associates for $27,100,000.

 For a complete copy of the company’s news release and 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

QBE FIRST announces lease for Chandler, AZ operations center

 New York, NY— QBE FIRST, part of QBE Insurance Group Limited, has signed an 11-year lease on a new operations center located at 2700 Frye Road in Chandler, AZ.

The 183,000-square foot facility will house a significant QBE FIRST call center and is expected to accommodate more than 1,000 associates.

“This facility offers us the ability to grow, not only in the number of people we employ but also our infrastructure and information technology capabilities,” said Steve Lindstrom (lower right photo) regional operations executive for QBE FIRST.

QBE FIRST, through a business it and its affiliates acquired from the Balboa Insurance Company in mid-2011, has been a long-standing employer in the City of Chandler.

 “As one of the largest employers in Chandler, QBE FIRST is pleased to remain a partner in the community and we look forward to continued growth in the future,” said QBE FIRST Chief Executive Officer CD Davies. “This facility will serve as a showcase for visiting clients and become a major servicing center for our customers.”

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Bank Repos Slow In South Florida In Q2 2012 In Wake Of 'Foreclosure Freeze'

MIAMI, FL --Lenders repossessed eight percent fewer South Florida properties in the second quarter of 2012 on a year-over-year basis compared to the same April through June period in 2011 in Miami-Dade, Broward, and Palm Beach counties, according to a new report from CondoVultures.com.   

Lenders - armed with the foreclosure process - forced a change in ownership of less than 8,800 properties in South Florida between April and June of 2012 compared to more than 9,600 repossessions in the same period in 2011 and nearly 15,150 repossessions in 2010, according to an analysis based on Clerk of the Court records in Miami-Dade, Broward, and Palm Beach counties.

  

In the second quarter of previous years in South Florida, lenders repossessed nearly 6,000 properties in 2009, nearly 7,100 properties in 2008, and less than 2,200 properties in 2007, according to government records.  

"Lenders forced an ownership change in 800 fewer properties in the second quarter of 2012 than a year earlier," said Peter Zalewski (top right photo), a principal with the Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC.

 "The decrease in bank repossessions follows an unofficial moratorium on foreclosure filings in South Florida resulting from the 'robo-signer' controversy that surfaced nationally in the autumn of 2010.

“ We would not be surprised if the total number of bank repossessions in South Florida continues to slow in future quarters following the prolonged foreclosure filing moratorium period that was finally resolve in the first quarter of 2012."

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

Condo Vultures® LLC is a real estate consultancy and marketing company based in the 225 Midtown Building at 225 NE 34th St., Suite 209B, Downtown Miami, Florida, 33137. Condo Vultures® LLC can be reached at 800-750-0517.

Amsdell Expands Again and Enters the Memphis,TN Market With Acquisition of Five Self Storage Centers

CLEVELAND, OH /PRNewswire/ -- Amsdell Storage Ventures VII, LLC is proud to announce its  purchase of five institutional grade self storage properties in the greater Memphis area, including over 300,000+ net rentable square feet and over 2,100+ units. 

The new facilities are operated by Compass Self Storage, LLC (www.compassselfstorage.com) and mark the company's entrance into this market.

The storage centers are located at:

•      7911 Hacks Cross Road Olive Branch, MS 38654
•     2274 Highway 51 Nesbit, MS 38651
•     8036 US Highway 70 Bartlett, TN 38104
•    4175 Winchester Road Memphis, TN 38118

 

The facilities represent a significant addition to the rapidly growing portfolio of properties under the Compass flag. 

On June 28, 2012 various entities of the Amsdell family of companies acquired a five-store portfolio of institutional grade properties in the greater Cincinnati market expanding the Compass brand beyond its other locations throughout Florida, Michigan, Ohio and Pennsylvania.

Please visit www.amsdellcompanies.com and www.compassselfstorage.com for more information.

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

Todd Amsdell 

President   

tca@amsdellcompanies.com

216.458.0670

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

Scott Pamolin Joins Morrison Commercial Real Estate in Orlando, FL

   

ORLANDO, FL --  Morrison Commercial Real Estate is proud to announce that Scott Pamplin has joined its’ team as Vice President.  Scott will be representing clients throughout Central Florida with a focus on tenant representation and corporate services.

 Scott adds more than 11 years of experience in the commercial real estate industry to this already dynamic and diverse team head-quartered in downtown Orlando.    

 Greg Morrison (top right photo), Founding Principal of Morrison Commercial Real Estate said, “I am pleased to have Scott join the firm. Scott brings an excellent track record in tenant representation and corporate services along with solid work and business ethics to our team.  He is a great addition to MCRE.”

Contact

Cindy Geer

Phone: 407.219.3500

Email:  cgeer@morrisoncre.com