HFF secures $11.425 million senior loan for Village Oaks in Pensacola, FL

  

Cecily Nazario

MIAMI, FL – HFF announced it has secured an $11.425 million senior loan for Village Oaks, a 165,851-square-foot neighborhood shopping center in Pensacola, Florida.

                 Working on behalf of RCG Ventures, HFF placed the 10-year, fixed-rate senior loan with Prudential Mortgage Capital Company.  Greg Krafcik, a director with Prudential Mortgage Capital, led the transaction. 

                Village Oaks is located on a 14.7-acre site at 6241-6251 North Davis Highway one mile south of the Interstate 10 interchange in Pensacola.  The property was most recently renovated in 2013, and is 95.4 percent leased to a number of national and regional tenants including Bealls, PetSmart, Planet Fitness, Party City, Cato and Plato’s Closet. 

Chris Drew

                The HFF team representing the borrower was led by director Chris Drew and real estate analysts Whitaker Leonhardt and Cecily Nazario.

HFF’s debt placement team has secured more than $533 million in loans for retail assets nationally during the first quarter of 2014.  In Florida, HFF has closed more than $134 million in retail transactions across all capital markets platforms during the same period.  

                “The competitiveness from lenders for this asset was unbelievable and the highly attractive terms that the borrower was able to secure are a testament to the quality of the asset and sponsorship coupled with the increased liquidity flowing into the capital markets,” said Drew.

                RCG Ventures LLC (“RCG”) is a privately funded real estate investment group that acquires and develops commercial real estate in the continental United States.  RCG is an experienced owner and operator of commercial real estate with more than 70 properties totaling seven million square feet. 

Whitaker Leonhardt

The company’s primary focus is value-add anchored shopping centers with the potential for long-term ownership.  In addition, the company selectively enters into joint ventures with institutional partners.  Founded in November 2003, RCG has steadily grown its portfolio through direct investment.

 It is the combination of significant capital resources and operational expertise that gives RCG a competitive advantage in the industry.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

Walmart Announces Plans for New Supercenter at Metrocenter Mall in Northwest Phoenix, AZ

                                                                                       

Marcia Veidmark

PHOENIX, AZ – Walmart has announced plans to build a Supercenter at the iconic Metrocenter Mall, near I-17 and 35th Avenue, in northwest Phoenix.

 Work on the project is expected to begin in the first quarter of 2015 with the demolition of the former Broadway building, which has been vacant since 2006.

Officials with Walmart, the City of Phoenix and Metrocenter Mall, as well as area business owners and community leaders, were on-hand for the Supercenter announcement. This marks the single largest capital investment in Metrocenter Mall in decades.

“Metrocenter Mall is a Phoenix landmark that has served shoppers from across Arizona for decades,” said Phoenix City Councilwoman Thelda Williams. 

“I’m proud to be a part of this announcement with Walmart and I know that, together with its efforts and those of the City of Phoenix and area business and community leaders, Metrocenter Mall’s best days are still ahead.”

Metrocenter Mall opened in 1973 as the biggest shopping center in Arizona and one of the largest nationwide. Recent years saw Metrocenter challenged by the establishment of competing regional malls, changing shopping patterns and the Great Recession. 

Thelda Williams

Now, Metrocenter Mall owner Carlyle Development Group, the City of Phoenix and community leaders are intent on bringing new life to the area. In mid-March, the Phoenix City Council unanimously approved a redevelopment plan that will, over the coming decade, guide land use, infrastructure upgrades and public transportation for a 2,500-acre area, including Metrocenter Mall. Currently, the retail vacancy rate in the vicinity averages 28 percent, more than double the citywide figure.

The construction of a Walmart Supercenter is a critical part of Metrocenter’s turnaround, said Warren Fink, COO of Carlyle Development Group.

“Our vision when we acquired Metrocenter Mall two-and-a-half years ago was to bring in a well-known anchor to serve our local community. Walmart more than fulfills that requirement and we are thrilled to welcome them,” said Fink.

Warren Fink

 “This is a first step toward revitalizing a once dominant mall, rebuilding customer commitment and moving forward with plans for the future of Metrocenter that include rezoning to permit complimentary uses such as multifamily apartments, senior housing, corporate offices, healthcare facilities and medical offices.”

Marcia Veidmark, Chairwoman of the North Mountain Business Alliance, is supportive of the Walmart Supercenter, and said its development should help attract additional customers and capital investment to the area.

“This is a very good day for Metrocenter Mall and for the Metro and North Mountain communities,” said Veidmark.  “Walmart’s investment can be a catalyst for economic growth and job creation.  We need both of these.”

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Charles Dunn Co. Completes $7.85 Million Sale of Multifamily Property in Los Angeles, CA for Record High Price

Albert Shilton

LOS ANGELES, CA, June 27, 2014 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $7.85 million sale of a 17-unit multifamily property located at 1520-1522 South Hayworth Ave. in the Faircrest Heights neighborhood of Los Angeles, Calif.

The property sold for nearly $462,000 per unit, a record high price for the neighborhood (per CoStar for multifamily properties with eight units or more).

Albert Shilton and Blake Rogers of Charles Dunn Company represented the seller, Los Angeles-based SHI Properties, an LLC owned by Oak Coast Properties. The buyer was a Los Angeles-based private investor.

This transaction marks the fifth sale for Shilton and Rogers in the 90035 zip code within the past two years, for a total sales volume equating to 22 percent market share.

Blake Rogers

Built in 1990 and fully renovated in 2013, the non-rent controlled building is situated on .31 acres and includes 15 two-bedroom/two-bathroom townhomes, one two-bedroom/two-bathroom unit, and one one-bedroom/one-bathroom unit. On-site amenities include a new fitness room, a lushly landscaped courtyard, and a gated garage with 35 parking spaces.

“After we sold the building to Oak Coast Properties in 2012, our client completely renovated the common areas and interiors of 15 units,” said Shilton. “Once renovated, the owner increased average in-place rents by 49 percent and stabilized the property, making it an attractive investment for the buyer.”

The property is located one block west of Fairfax Ave. and one block south of Pico Blvd. It benefits from close proximity to CBS Television City, Beverly Center, and The Grove Shopping Center.

“Faircrest Heights has consistently been ranked as one of the top up-and-coming neighborhoods in Los Angeles, and this statement could not be more evident than by this sale,” commented Rogers.

1522 South Hayworth Avenue,
Faircrest Heights neighborhood
Los Angeles, CA

 “Not only was the rent growth incredible, but the building sold for a price per square foot that was 58 percent more than what it last sold for just 18 months ago.

 Additionally, this sale represents the highest price per unit ever paid in the 90035 zip code, and the highest price per square foot ever paid for a non-rent controlled building in the same area.” (Per CoStar)

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

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

Stan Johnson Co. Completes $7.4 Million Sale of Hanil USA in Tallahassee, AL

Andrew Ackerman

Tallassee, AL, JUNE 27, 2014 – Stan Johnson Company, The Net Lease Authority®, has completed the sale of an 111,564-square-foot industrial property leased to Hanil USA, Inc., located in Tallassee, Alabama. The property sold to BIG Acquisitions for $7,400,000.

Andrew Ackerman, Rahill Lakhani, and Mike Sladich of Stan Johnson Company’s Atlanta office represented the seller, AES Industries – an individual Investor, in this transaction. 

Hanil USA, Inc. is operating under a NNN lease with a 15-year base lease term and two, five year renewal options. The tenant is an automotive manufacturing supplier and a subsidiary of TI Automotive.

Located approximately 65 miles southwest of the KIA Motor Facility in Georgia and 37 miles northeast of the Hyundai plant in Alabama, this tenant is strategically located to distribute products and support to these major manufacturing facilities.

  

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

David Ebeling

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com

Sale of The Woodley, Washington, D.C.’s newest luxury multi-housing community in Woodley Park, closed by HFF

The Woodley, 2700 Woodley Road NW,
Woodley Park, Washington, DC

WASHINGTON, D.C. – HFF announced today that it has closed the sale of The Woodley, a newly completed, multi-housing building in the Woodley Park neighborhood that will set the standard for luxury living in Washington, D.C. for the next generation.

                HFF marketed the property on behalf of the sellers, The JBG Companies and CIM Group and the asset was purchased by TIAA-CREF free and clear of existing debt.

                The Woodley, located at 2700 Woodley Road NW in Woodley Park, is close to Rock Creek Park, Dupont Circle and Cleveland Park about three miles northwest of downtown D.C. 

The Woodley is a collaborative design effort between David M. Schwarz Architects, Cooper Carry Inc. and VOA Associates.

David Nachison

 The exclusive, 212-unit luxury property has studio through three-bedroom units averaging 1,119 square feet each, which feature the very finest and detailed finishes including solid hardwood flooring, soaring ceilings, marble countertops, built-in appliances, private balconies and terraces.

 The amenity package at the property includes a resident club room with catering kitchen, library, fitness center, courtyard with reflecting pool, infinity edge pool, and an active rooftop experience where residents can cook and host guests outdoors while taking in the views.

                The HFF investment sales team representing the seller was led by senior managing directors Dave Nachison and Alan Davis and directors Brenden Flood and Bret Thompson.

                “The Woodley is the first luxury high-rise apartment building to be built in decades in Woodley Park, one of the District’s most prestigious and historic residential neighborhoods, and it will redefine the standard for luxury apartment homes in the D.C. market going forward,” said Nachison.  “The property will attract residents seeking the finest in rental living offering a timeless red brick design infused with modern comforts and will be unrivaled in first-class service and amenities.” 

Alan Davis

“The Woodley’s unique mix of  large format residences is designed to cater to a growing demographic of mature residents leaving upscale homes and seeking similarly high quality places to live in established urban neighborhoods,” added Davis.

Headquartered in Chevy Chase, Maryland, The JBG Companies is a private real estate investment firm that develops, owns and manages office, residential, hotel and retail properties. 

  The company has more than $10 billion in assets under management and development in the Washington metropolitan area.  Since 1960, JBG has been active in the communities where it invests, striving to make a positive impact.  More information can be found by visiting the company's website: www.JBG.com, or by calling 240.333.3600.

TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with approximately $569 billion in assets under management (as of 3/31/14) and is the leading provider of retirement services in the academic, research, medical and cultural fields.

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

Kristen M. Murphy

Associate Director

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

tel (main) 617-338-0990 | (direct) 617-848-1572 | cel 617.543.4873 | www.hfflp.com

krmurphy@hfflp.com

Kiser Group Brokers Three Chicago-Area Apartment Property Sales

  

John Meyer

  CHICAGO, IL – Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, recently brokered the sales of three Chicago-area properties.

 The May 2014 closings included a 70-unit apartment complex in Mundelein, Ill.; a 31-unit apartment building in the Kenwood/Hyde Park neighborhood on Chicago’s South Side; and a 10-unit apartment building in the Belmont Cragin neighborhood on Chicago’s Northwest Side.

       

 40-42 S. Shaddle - Mundelein

Embassy Apartments, located at 40-42 S. Shaddle Ave. in northwest suburban Mundelein, Ill., includes two identical 35-unit buildings for a total of 70 units with 137 parking spaces on a 4-acre parcel. The unit mix includes 64 two-bedroom, 1 ½ -bath apartments; four one-bedroom, one-bath units; and two studios. It sold for $4.65 million.

Bill Baumann

 “Embassy Apartments is adjacent to a large industrial park that employs a lot of area residents, and it’s also three miles northwest of Hawthorn Shopping Center in Vernon Hills,” said John Meyer, managing director of Kiser Group, who represented buyer and seller in the sale. “Since it’s near so many employers, the property consistently maintains 100 percent occupancy.”

               

4740 S. Greenwood - Chicago

 Located at 4740 S. Greenwood, just one and a half blocks north of President Barak Obama’s permanent residence, this completely renovated vintage courtyard includes 31 apartments, bike storage and laundry room. 

The unit mix is 12 one‐, 13 two‐, and six three‐bedroom apartments, each with one bath. Extensive renovations completed in 2013 include a roof tear-off, new skylights and windows, tuck-pointing, new water main, plumbing, electric, and waste stacks. It sold for $4.3 million.

Sean Connelly

“This property sold quickly as its convenient location and excellent building condition provide a market vacancy of less than 5 percent,” said Zack Hofstadter, associate with Kiser Group, who represented the seller in the transaction.

“The new condo-quality luxury finishes in the units also appealed to the buyer,” said Bill Baumann, senior managing director with Kiser Group, who represented the buyer in the sale.

  

5156 W. Melrose - Chicago

Built in 1929, this 10-unit walk-up apartment building located at 5156 W. Melrose in Chicago’s Belmont Cragin neighborhood sold for $950,000. Sean Connelly, senior managing director of Kiser Group, represented the buyer in the transaction.

All the names of buyers and sellers involved in these transactions are not available at this time.

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

Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523

Morrison Commercial Real Estate Completes 2,238-SF Professional Office Building Sale in Winter Park, FL for $457,500

Christi Davis

ORLANDO, FL (June 26, 2014):  Morrison Commercial Real Estate completed the sale of a 2,238 SF professional/office building for $457,500 ($204.42/SF), located at 1412 Trovillion Avenue, Winter Park, FL.

Christi Davis, CCIM, Vice President at Morrison Commercial Real Estate, represented the buyer, Hanging Moss Holdings, LLC.  The property will be re-tenanted and occupied by the law firm, Anita L. Barber, P.A.

The seller was 1412 Trovillion, LLC, represented by Frank Ricci of Healthcare Realty & Development Services.

Morrison Commercial Real Estate is a full-service brokerage firm specializing in the office and industrial sectors.  Headquartered in Downtown Orlando, our professional experience and extensive knowledge of the Central Florida market enables us to achieve maximum transaction value, and optimal return on investment for our clients.

 Morrison Commercial Real Estate provides landlord, owner and tenant representation services in leasing, buying, selling and site selection of commercial property in Central Florida.

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

Gina Wade

Phone: 407.440.6651

Email:  gwade@morrisoncre.com

Marcus & Millichap Brokers Archway Holdings Corp. Related Entitties' Purchase of L.A. Office Building in All-Cash Transaction

11801 Mississippi Avenue, West Los Angeles, CA

 LOS ANGELES, June 26, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 11801 Mississippi Ave., a 24,759-square-foot office property in West Los Angeles.

            John Ghiselli, a senior associate in Marcus & Millichap’s West Los Angeles office, represented the purchaser, a group of entities affiliated with Archway Holdings Corp. The seller is AIG.

John Ghiselli

            “Our marketing campaign produced offers from people throughout the investment community and resulted in an all-cash sale with a one-day escrow,” says Ghiselli.

“This acquisition is part of Archway’s continued interest in Southern California’s more creative office properties. Previously, the company and its affiliated entities purchased 820 Broadway in Santa Monica, an office property previously leased by Google and Coda and now leased by Dogvacay and a division of WPP, one of the world’s largest advertising companies.”

            “The Los Angeles office market is well positioned,” stated Hessam Nadji, Marcus & Millichap’s chief strategy officer. “It has benefited from steady employment gains, but the very limited office development pipeline will be instrumental in tightening vacancies in the coming year, particularly as the local economy builds momentum.”

              The 11801 Mississippi Ave. building was constructed in 1954 and totally renovated in 2007. The area surrounding the property is becoming one of Los Angeles’s new tech hubs in the wake of developments such as Element LA’s creative campus and the Tribeca West media campus.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Georgia Krewson Joins Marcus & Millichap’s National Hospitality Group in Nashville, TN

Georgia Krewson

NASHVILLE, TN – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that Georgia Krewson has joined the firm as an associate director of its National Hospitality Group (NHG) in Nashville, Tenn., according to Gregory A. LaBerge, the NHG’s national director.

“Georgia’s extensive experience with one of the world’s leading hospitality companies makes her an invaluable resource to our clients in Nashville, throughout the Southeast and nationwide,” says LaBerge.

“Her longstanding relationships with owners and in-depth hands-on experience with their needs and expectations will be of great value to hospitality property investors throughout the country and to our national team of investment specialists.”

            In her new post, Krewson will focus on the disposition of hospitality investment properties on behalf of clients as part of Marcus & Millichap’s newly formed Nashville hospitality team led by 20-year industry veteran Wes Tiner and featuring experienced commercial real estate investment sales professional Paul Blackburn.

Wes Tiner

            “Georgia is a great addition to our team,” says Tiner. “Her knowledge, experience and ability to advise investors make her a perfect fit for the firm’s comprehensive investment sales platform, which provides owners with a level of service that is unmatched in the industry.”

            “As an industry veteran, I was happy to see Marcus & Millichap’s growing presence in the hospitality investment sector,” remarks Krewson. “Their aggressive commitment in the space, supported by a value proposition that is unmatched in maximizing value for owners and investors, was very appealing to me. In many ways we are redefining the hotel brokerage landscape.”

            Prior to joining Marcus & Millichap, Krewson spent nearly three decades with Hilton Worldwide in Memphis, most recently as senior director, owner support, for Hilton’s Hampton Hotel brand.

Paul Blackburn

In that role, she developed strategies and managed support systems for more than 1,200 owners and management companies. Krewson has also been a senior director, Hampton Hotel performance support, where she led a team of 35 professional consultants supporting the performance of 1,500-plus hotels.

She was also a senior director, Hampton brand sales and revenue integration, and regional director, Hampton Hotel performance support.

            Krewson holds an associate’s degree in business management from Midlands Technical College in Columbia, S.C.

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

Gina Relva

Public Relations Manager

(925) 953-1716

CT Shoreline Retail Center Sells for $3.25 Million; Northeast Private Client Group Represents Seller Exclusively

  

Bridgeport, CT – Investment sales broker Northeast Private Client Group has announced the sale of Killingworth Village, a bank-anchored retail property located at 184 Route 81 in Killingworth, CT. 

David Almeida, a licensed commercial specialist in the firm’s Bridgeport office, represented the seller exclusively in the $3,250,000 transaction, which closed on June 18. 

“The successful completion of this sale is yet another positive indication of the strong demand for desirable, well-positioned retail properties,” said Almeida.  “We were able to create tremendous competition among qualified buyers to acquire this asset.”

David Almeida

The property, 4.5 miles north of the Clinton Crossings regional outlet center and I-95, comprises five buildings with nearly 20,000 square feet of leasable retail, office and residential space.   The property is anchored by net-leases with TD Bank and Subway.

The seller, Southport Holdings LLC of Trumbull, CT, held the asset for nearly a decade and is now refocusing on private real estate lending.  The buyer, Anderson Family Trust of Tampa, FL, acquired the Killingworth property as part of an IRS 1031-exchange strategy from the sale of multifamily properties in East Hartford, CT.

“This transaction clearly played to the strengths of our platform,” said Edward Jordan, JD, CCIM, managing director of Northeast Private Client Group.  “With offices throughout the Northeastern U.S., we leveraged our relationships to source a well-qualified buyer with competitive interests in the Connecticut real estate market.”

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

Randy Savicky

Strategy+Communications

randy@strategypluscommunications.com

203.226.6156

Capital Square Realty Advisors Acquires New York Medical Office Building

Louis Rogers

NEW YORK, NY – Capital Square Realty Advisors, LLC announced today that an affiliate of the company has acquired a 17,714-square-foot medical office building in the New York hamlet of Merrick on Long Island.  The facility is 100 percent leased on a long-term basis to Orlin & Cohen Orthopedic Group.

“This is an exceptionally well located medical office building that is 100 percent leased to the largest private orthopedic practice in New York State,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors.

 “It’s strategically located within 16 miles of nine area hospitals, and is surrounded by densely populated residential neighborhoods on Long Island.”

 The two-story medical office building, which was completely renovated in 2009, is located at 1728 Sunrise Highway and includes: multiple waiting rooms; 12 examination rooms; five patient consultation rooms; an x-ray room; fluoroscopy suite; newly refurbished MRI suite and six private offices.

The property is easily accessible along Sunrise Highway, as well as via Southern State Parkway, Northern State Parkway and the Long Island Expressway. It can also be reached via the Long Island Rail Road and Nassau Inter-County Express bus system.

Medical office building, 1728 Sunrise Highway
Merrick, NY

Capital Square is focused on the acquisition of medical office buildings leased by leading medical practices. 

The demographics are very strong for healthcare-related real estate due to an aging population and the Affordable Care Act. 

This is Capital Square’s second acquisition of a medical office building, with many others in the acquisition pipeline.

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

Julie Leber

Account Manager

Spotlight Marketing Communications

18101 Von Karman Avenue, Suite 330

Irvine CA 92612

949-427-5172, ext. 703

julie@spotlightmarcom.com

Goddard Investment Group Acquires Fountain Place in Dallas, TX

Fountain Place

 DALLAS, TX — Atlanta-based Goddard Investment Group, LLC, has acquired Fountain Place, the iconic, 58-story office tower located near the Arts District in Dallas.

The 1.2 million-square-foot, LEED Gold-certified building is currently 88 percent occupied. The acquisition was completed through the Goddard Value-Add Office Fund I, LP.

 “Fountain Place is one of the most recognizable buildings in the Dallas skyline. Our vision for the property is to expand and refresh the public areas, making them consistent with the striking design of the tower’s exterior facade,” said Robert C. Goddard III, chairman and CEO of Goddard Investment Group.

"With our investment, this will be a truly irreplaceable building that offers all the amenities, accessibility and prestige expected from a top-tier Uptown or Arts District building.”

 Goddard plans to execute a substantial renovation and repositioning program to re-establish the building as a contemporary, Class-AA asset. Specific property improvements include refurbishing the lobby and elevator banks, and enhancing the exterior fountains and landscaping.

In addition, Goddard has plans to build a new parking garage adjacent to the building to accommodate a parking ratio substantially above market average.

Robert C. Goddard III

 Fountain Place was built in 1986 and designed by I.M. Pei. Cassidy Turley has been retained to oversee leasing at the property.

 Goddard Investment Group was founded in 2000 and is headquartered in Atlanta, with a regional office in Dallas. 

The company has acquired and managed approximately 12 million square feet of commercial property, and currently has investments in Atlanta, Dallas, Houston, Miami and Tampa. 

Goddard Value-Add Office Fund I, L.P. is a discretionary, commingled, institutional fund sponsored by Goddard Investment Group.  

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

Ellen Marsau

Jackson Spalding

emarsau@jacksonspalding.com

(214) 646-1657

Hold-Thyssen Negotiates two new leases for professional office space totaling 2,705 square feet in Trinity, FL

Carol Kinnard

TAMPA, FL  --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, with offices in Tampa, recently negotiated two new leases for professional office space in Trinity in Pasco County.  

 Richard J. Fisher, vice president / investor services in Hold-Thyssen’s Tampa office, said Transaction Specialist Carol Kinnard negotiated both transactions. 

 Kinnard represented Landlord Trinity Medical Holdings, Inc. in a five-year lease to Commoncents Wealth Advisors, LLC for 1,605 square feet in Trinity Medical and Professional Center, 8820 Belagio Drive.   

 Previously Kinnard represented the same landlord in leases with two other long-term tenants in adjacent suites, and all three transactions represent a total of 4,605 square feet in less than one year at the professional center.

 At Hunting Creek Pointe, 3610 Galileo Drive in Trinity, Kinnard represented Tenant JGI Insurance Group, LLC in an office lease agreement for 1,100 square feet in Suite 102. 

The landlord is Sunfield Homes, Inc.   The site selection process allowed Tenant JGI Insurance to understand market rates and terms, narrowing the choice to two top locations. 

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

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

NAI Realvest Negotiates New Retail Lease at Busy Daytona Beach, FL Intersection

Kimberly Manson

ORLANDO, FL – NAI Realvest recently negotiated a new lease agreement for a 3,682 free-standing retail building at 2705 North Atlantic Ave. at the intersection of Plaza Blvd. in Daytona Beach. 

 The NAI Realvest team of Jeffrey Tanner and Kimberly Manson negotiated the transaction representing the landlord, EYM Realty of Florida LLC based in Dallas.    Lake View Wireless, LLC is the new tenant. 

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

CrowdVested Names Cathy Woolard to Board of Advisors

  

Cathy Woolard

ATLANTA, GA – CrowdVested, an online crowdfunding platform focused on commercial real estate, announced that long-time public affairs consultant and former Atlanta City Council President Cathy Woolard has joined the firm’s Board of Advisors.

Woolard brings an extensive and formidable resume to CrowdVested, where she will join seven other Atlanta-area business executives on the firm’s advisory board. The board provides strategic advice to the CrowdVested management team.

“The addition of Cathy Woolard to our advisory board will help CrowdVested strengthen and expand its mission to enable real estate developers to raise funds for new projects in Atlanta,” said Grady Thrasher, CEO of CrowdVested. “It takes vision to succeed in what we are attempting in Georgia, and Cathy has always been a visionary.”

When Woolard became Atlanta City Council president in 2002, she was the first woman to do so. She was an early proponent of the Atlanta BeltLine and supporter of the city’s tech community, first through her involvement with iVillage.com and then as a lobbyist for the American Electronics Association.

 She also has been heavily involved in community development efforts, serving as a consultant to the Georgia Transit Coalition and Citizens for Progressive Transit.

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

Mark Braykovich

(404) 343-0886

mbraykovich@thewilbertgroup.com