AmeriSphere’s Rodrigo López,Elected as 2015 Vice Chairman of Mortgage Bankers Association

  

Rodrigo Lopez

LAS VEGAS, NV --  Rodrigo López, CMB, founder, President and CEO of AmeriSphere, was sworn in as Vice Chairman of the Mortgage Bankers Association (MBA) during the Association’s 101st Annual Convention & Expo in Las Vegas, Nevada.

AmeriSphere is a provider of capital solutions for the multifamily industry.  It is a Fannie Mae Delegated Underwriting and Servicing (DUS) Lender, FHA/MAP Lender, as well as a Ginnie Mae issuer and servicer. 

Before founding AmeriSphere, Mr. López was Chief Lending Officer for a life insurance company, responsible for investments in commercial mortgage loans and real estate properties.  During his tenure in the architecture and construction industry, he worked on a wide range of commercial and institutional projects.

In addition to López, MBA members also elected Bill Cosgrove, CMB, President and CEO of Union Home Mortgage Co. as Chairman and Bill Emerson, Chief Executive Officer of Quicken Loans, Inc., as Chairman-elect.  All three officers will serve for the 2014-2015 membership year.

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

Rob Van Raaphorst

rvanraaphorst@mba.org

(202) 557-2799

MBA Announces Members and Leadership of 2015 Residential Board of Governors (RESBOG) and 2015 Residential Committee Chairs

  

Michaael S. Malloy

 LAS VEGAS, NV – The Mortgage Bankers Association (MBA) announced Michael S. Malloy, Mortgage Policy & Counterparty Relations Executive for Bank of America Home Loans in Charlotte, NC as Chairman of its 2015 Residential Board of Governors (RESBOG) and William J. McCue, President of McCue Mortgage Company in New Britain, CT as the Vice-Chairman of RESBOG, at the association’s 101st Annual Convention & Expo. 

RESBOG is the governing body for MBA's single-family residential members, responsible for establishing legislative and regulatory policies and positions on residential lending issues. 

"With extensive experience in the real estate finance industry and within MBA, Mike and Bill are well-positioned to spearhead a comprehensive legislative and regulatory agenda this coming year,” said MBA Chairman Bill Cosgrove, CMB, CEO, Union Home Mortgage.

Bill Cosgrove

“I am excited for Mike to begin his term as Chairman of RESBOG, and I am confident that he will help  guide MBA through an important time, as major regulations stemming from Dodd-Frank and GSE Reform continue to be a priority,” said Cosgrove.

“His leadership will promote the best interests of the real estate finance industry and lay the foundation for a productive future.”

Mr. Malloy and Mr. McCue presently sit on MBA’s Board of Directors and both have been active MBA members. Each has also been involved in major MBA policy initiatives as MBA Board Members well as members of RESBOG.

MBA also named the following newly elected members of RESBOG.  The new members are:

  

Allesandro P. DiNello, Flagstar Bank, FSB

Rodrigo Lopez, CMB, AmeriSphere Multifamily Finance, L.L.C

Joseph W. Rogers, Jr., Well Fargo Home Mortgage

Michelle Van Dyke

Michelle Van Dyke, Fifth Third Mortgage

Rob Gaither, PNC Bank

Kevin Pezzani, CMB, LSI Mortgage Plus

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

Rob Van Raaphorst

rvanraaphorst@mba.org

(202) 557-2799

HFF secures $21 million financing for student housing property in Charleston, SC

Timothy Joyce

CHICAGO, IL – HFF announced it has secured $21 million in financing for Campus Center Apartments, a 194-unit/419-bed student housing property serving the College of Charleston (COC) in Charleston, South Carolina.

                HFF worked on behalf of Harrison Street Real Estate Capital to place the 10-year, fixed-rate loan with Prudential Mortgage Capital Company. 

                 Completed in 2013, Campus Center Apartments is 100 percent occupied and is comprised of 194 units averaging 672 square feet each.  The property includes a 17,764-square-foot fitness center featuring state-of-the-art equipment and group fitness classes that is leased to the COC.  The property is located adjacent to campus at 50 George Street.

                The HFF team representing the borrower was led by managing directors Timothy Joyce and Stephen Skok.

Harrison Street Real Estate Capital was founded in 2005 and has approximately $7.3 billion in assets under management and has acquired or developed 400 assets including more than 50,000 student housing beds, more than 11,600 seniors housing/assisted living units, more than 4.8 million square feet of medical office space, more than 36,000 self-storage units, and more than 4,100 wet and dry boat storage units.

Stephen Skok

Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with more than $79 billion in assets under management and administration as of June 30, 2014. 

Leveraging a 135-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS®, Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Conduit; Prudential’s general account and proprietary balance sheet program; and other institutional investors.

 The company maintains a loan servicing portfolio of approximately $76.7 billion, as of June 30, 2014.

For more information, please visit http://www.prumortgagecapital.com.

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

HFF secures $18.75 million in financing for six-property industrial portfolio in Dallas-Ft. Worth, TX

Tucker Knight

HOUSTON, TX – HFF announced it has arranged $18.75 million in acquisition financing for a six-property, 16-building industrial portfolio totaling 462,618 square feet in the north Dallas-Ft. Worth area.

                HFF worked exclusively on behalf of the borrower, Red Tail Acquisitions, to secure the 10-year, fixed-rate loan through a correspondent life insurance company.

 Loan proceeds were used to purchase the portfolio for an undisclosed amount.  HFF’s Dallas-based brokerage group also represented the seller in the sale.

The portfolio consists of 1360-1420 Presidential Drive and 850-890 North Dorothy Drive in Richardson, Texas and 1420 Halsey Way, 1406 Halsey Way, 2122 Country Club Drive and 2855 Trinity Square Drive in Carrolton, Texas. 

Located in infill, established industrial submarkets, the properties are all near major transportation arteries, including Interstates 35 and 635 and Highway 75.  The properties are 87 percent leased overall to 41 tenants, including NOW Specialties, Inc.; Optex Systems, Inc.; Laboratory Corporations of America; SKH Beauty, Inc.; All Sorts Mailing Services; Circuitco Electronics LLC; Advanced Environmental Concepts; Select Cabinet Co.; Milestone Construction; TraStar, Inc.; and Gym Ratz Basketball Club, LLC.

Lighting Industrial, Dallas, TX

The HFF debt placement team representing the borrower was led by managing director Tucker Knight.

“The DFW industrial submarket is one of the most established industrial submarkets in Texas,” Knight said.  “The properties in this portfolio are well-located, quality assets, and I expect them to see an upward trend in leasing.” 

Red Tail Acquisitions (RTA) is a value and core-plus investor that seeks office, industrial and retail properties.  Over the last 25 years, the group has purchased more than 10 million square feet of commercial property in the western United States. 

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

$9.6 Million in Financing for Murfreesboro, TN Student Housing Arranged by R3 Funding

University Ridge Student Housing, Murfreesboro, TN

NEW YORK, NY – R3 Funding, a national lender correspondent providing origination, has arranged a $9.6 million Fannie Mae ARM loan for a Murfreesboro, TN student housing complex.

 The announcement was made by Ray Potter, managing partner of R3 Funding.

University Ridge is a 512-bed resort style student housing complex serving Middle Tennessee State University that was acquired by a major real estate fund in 2012.

The fund bought the property close to stabilization and utilized the Fannie Mae ARM, which allows them to convert to a fixed rate product. The Fannie Mae financing that R3 Funding arranged is for a seven-year term and features a 30-year amortization. The LTV is 70 percent.

Ray Potter

“University Ridge’s resort-style setting makes it a great housing solution for students at Middle Tennessee State University,” said Mr. Potter. “We were happy to be able to connect ownership in a timely fashion with the financing that best suited its needs.”

For more information visit http://www.r3-funding.com/

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

Great Ink Communications—212-741-2977

Eric Gerard,  Eric@greatink.com

Carl Gaines, carl@greatink.com

Roxanne Donovan, Roxanne@greatink.com

Thomas D. Wood and Co.’s Sarasota Office Secures $6.83 Million in Commercial Mortgage Transactions

Brad Cox

Sarasota, FL – The Sarasota Office of Thomas D. Wood Company, a Strategic Alliance Mortgage LLC member, secured $6,830,000 in commercial mortgage transactions for properties located in Florida and Georgia.  Interest rates continue to stay as low as 4.0%, contributing to the increase in successful closings.

Company Senior Vice President Brad Cox, CCIM, secured financing for the Palm Terrace Professional Plaza in the amount of $2,050,000 through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company. 

The fully-amortizing loan has a term of 25 years, with interest rate resets at years five, 10, 15 and 20.  The 28,423 square-foot office building is located in Fort Myers, Florida.

Cox secured financing for the Neff Rental Building in the amount of $775,000 through The Standard.  The fully-amortizing full-recourse loan has a term of 20 years.  The 7,920 square-foot mixed-use (showroom-office-warehouse) building is located in Tallahassee, Florida.

Cox obtained financing for Silver Springs Commons in the amount of $1,750,000 through Thomas D. Wood and Company’s correspondent relationship with Ohio National Life Insurance Company.  The fully-amortizing recourse loan has a term of 15 years.  The 14,698 square-foot retail plaza is home to major tenants Submway, Payless Shoe Source and Hair Cuttery, and is located in Ocala, Florida.

  

Cox secured financing for Oakwood Plaza in the amount of $680,000 through Thomas D. Wood and Company’s correspondent relationship with Symetra Life Insurance Company.  The fully-amortizing full-recourse loan has a term of 20 years.  The 15,200 square-foot retail building is located in Flowery Branch, Georgia.

The Sarasota office also secured financing for Sun City Inn, a hotel located in Sun City, Florida, in the amount of $1,575,000.

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

Jessica Kinnee

Sr. Vice President                             

Director of Marketing & Public Relations           

Thomas D. Wood & Co.           

(407) 374-0251              

jessica@tdwood.com    

Mancini & Sons Florida Hires Berger Commercial Realty to Manage and Lease More Than 220,000 Square-Feet of Flex/Industrial Space in Broward County, FL

Wendy Collins

FORT LAUDERDALE, FL -- Real estate development company Mancini & Sons Florida, LLC has retained full-service commercial real estate firm Berger Commercial Realty to manage and lease a portfolio of 220,667 square-feet in Broward County.

Berger Commercial Realty Broker Associate Roxanna Collins and Sales Associate Catalina Garcia are managing leasing for the portfolio, which consists of 11 flex, office and industrial buildings, plus a vacant parcel of land, in Deerfield Beach and Pompano Beach.

Berger Commercial Realty Property Manager Wendy Collins will oversee the portfolio's operations.

The Mancini & Sons portfolio consists of:

·        Enterprise Commerce Center, located at 1801 and 1901 Green Road, 5051 N.W. 13th Ave. and 1500 Powerline Road in Deerfield Beach;

·        Crystal Park, located at 1899 -1941 N.W. 40th Court in Pompano Beach;

·         Maaco Building, located at 1825 Powerline Road in Deerfield Beach;

·        and a vacant parcel of land in Deerfield Beach at the northwest corner of Wiles Road and Powerline Road.

Roxanna Collins

Enterprise Commerce Center has 65,145 square-feet of contiguous space available and features high-dock industrial space, 24-foot ceiling heights and dock- level doors. 

The other properties can accommodate tenants seeking space from 2,000 square-feet to 10,000 square-feet in size.

  

"We are proud that Mancini & Sons has entrusted these family assets to us," said Lloyd Berger, founder and president of Berger Commercial Realty.

 "Built by David Mancini's father, we recognize that these properties are more meaningful than simple brick-and-mortar buildings, and we look forward to preserving and enhancing the value of this portfolio for the Mancini family today and for generations to come."

 The Mancini portfolio is the third significant property management assignment that Berger Commercial Realty has received in the past 30 days.

Catalina Garcia

 On Sept. 26, the firm was hired to lease and manage a 280,000-square-foot office portfolio in Palm Beach County after it repr

On Oct. 1, Weiner hired the firm to manage the Parkway Professional Building in Miramar and the Hollywood Professional Building in Hollywood, an assignment of nearly 70,000 square feet.

 Ranked among the largest commercial  real estate firms in South Florida, Berger Commercial Realty provides comprehensive, cost-effective property management and brokerage services to both institutional and non-institutional owners. 

For more information, visit bergercommercial.com.

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

Marielle Sologuren

Pierson Grant Public Relations

msologuren@piersongrant.com

(954) 776-1999, ext. 226

Atlantic | Pacific Development Announces Sale of St. Andrews Palm Beach Condos in Florida

St. Andrews Palm Beach Condos in Florida

MIAMI, FL - Atlantic|Pacific Development (A|P development), the development subsidiary of Atlantic|Pacific Companies (A|P), is pleased to announce that on Thursday, October 16, 2014, they sold 337 units located at St. Andrews Palm Beach in Florida.

St. Andrews Palm Beach, located at 1081 Benoist Farms Road, is a 770-unit multi-family property acquired by St. Andrews Palm Beach Limited in 2005 and subsequently underwent a major capitol renovation post closing. 

During the renovation, A|P Management managed the property and A|P Development re-developed the property.

 "About midway through the sale cycle, the global economic crisis had an immediate impact on the sales velocity, and as a result, the ownership decided to re-lease the apartments in an effort to support the underserved work-force housing demand in Palm Beach County," said Alex Lastra Senior Managing Director for A|P Development.

Alex Lastra

The buyer was an entity controlled by Pacifica Companies from San Diego, CA. Shortly after the renovation was complete, the units were marketed and individually sold. 

As the economy has taken shape, A|P was able to sell the remaining 337-units which provided the ownership with a significant gain on their initial investment.

For more information about A|P and A|P Development, visit www.apmanagement.net.

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

Jessica Wade Pfeffer | Jessica Wade Inc.

jessica@jessicawadeinc.com | 305.804.8424

$7.2 Million Sale of Shoppes of Cooper City, FL Arranged by Marcus & Millichap

Shoppes of Cooper City, 12125 Sheridan Street
Cooper City, FL

COOPER CITY,FL, Oct. 17, 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 Shoppes Of Cooper City, a 35,129-square foot retail center located in Cooper City, Fla. The asset sold for $7,200,000.

Adam J. Tiktin, a first vice president investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor from Miami. 

The buyer, a private investor from Argentina, was secured and represented by Victor Pastor, an associate in Marcus & Millichap’s Miami office.

Adam J. Tiktin

“This was a value add opportunity for an investor to acquire a newly renovated center with 20 percent vacancy.   Cooper City is one of Broward' County’s fastest growing communities and the property benefits from the neighborhood’s strong demographics and high density of family households,” says Tiktin.

Shoppes of Cooper City is situated on a 4.94-acre parcel with 35,129 leasable square feet.  The property is currently 80 percent occupied by 15 tenants. The three largest are: New Castle Realty, Dunkin Donuts and Northwestern Management.

Shoppes of Cooper City is located at 12125 Sheridan Street in Cooper City, Fla.

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

Kirk A. Felici

First Vice President/Regional Manager

 Miami, FL

(786) 522-7000

Mortgage Bankers Association Reports Multifamily Lending Hits New Record in 2013

Jamie Woodwell

WASHINGTON, DC (Oct. 17, 2014) – In 2013, 2,898 different multifamily lenders provided a total of $172.5 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). 

The 2013 dollar volume represents an 18 percent increase from 2012 levels.  Sixty-two percent of the active lenders made five or fewer multifamily loans over the course of the year.

“Multifamily lending hit a new record in 2013,” said Jamie Woodwell, MBA’s Vice President of Research and Economics. 

“A strong appetite for loans led banks to increases multifamily lending by 19 percent, life companies to increase by 65 percent and the CMBS market to increase by 119 percent.  

"The report shows increases in multifamily lending among both smaller and larger loan sizes and within most lender segments.”

The MBA report is based on its surveys of the larger multifamily lenders and the recently released Home Mortgage Disclosure Act (HMDA) data that covers multifamily loans made by many smaller lenders, particularly commercial banks.

The $172.5 billion of multifamily mortgages originated in 2013 went to a variety of investors.  By dollar volume, the greatest share (39 percent of the total) went to commercial bank, thrift and credit union portfolios. 

The top five multifamily lenders in 2013 by dollar volume were J.P. Morgan Chase and Company, Wells Fargo, PNC Real Estate, CBRE Capital Markets, Inc., and KeyBank.

  

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

Shawn Ryan

sryan@mba.org

(202) 557-2727

MBA Inducts 17 Companies into Hall of Honor Program

  

Bill Cosgrove

Washington, DC --  Mortgage Bankers Association (MBA) is inducting 17 companies into the Hall of Honor program. 

The Hall of Honor recognizes both corporations and individual corporate leaders for their commitment to veterans and active-duty military personnel.

The Hall of Honor program was created to acknowledge MBA member companies with programs that serve our nation's heroes in three categories—financial counseling, employment opportunities and homeownership assistance.

 MBA solicited submissions from its member companies and then chose from a variety of applicants which programs deserved recognition.

"MBA is pleased to honor these 17 companies by inducting them into the Hall of Honor," said Bill Cosgrove, CMB, 2015 MBA Chairman and CEO of Union Home Mortgage Corp." 

Each company, through their commitment to helping the military community, has demonstrated first-class service towards recognizing the men and women who defend our nation. It’s programs such as these that reinforce the mortgage industry’s dedication to the military.”

Below is a list of the companies who are being inducted into the program:

Financial Counseling

Bank of America

NewDay USA

PNC Mortgage

SunTrust Mortgage

USA Mortgage

Wells Fargo Home Mortgage

Employment Assistance

Bank of America

PenFed

Quicken Loans

USAA Federal Savings Bank

U.S. Bank

Wells Fargo Home Mortgage

Homeownership Assistance

Bank of America

Cornerstone Home Lending, Inc.

Federal Home Loan Bank of Atlanta

Freedom Mortgage

JPMorgan Chase

PedFed

PrimeLending

Pulte Mortgage

SunTrust Mortgage

U.S. Bank

Wells Fargo Home Mortgage

Wintrust Mortgage

Cosgrove added, “MBA is proud to work alongside Wingspan Portfolio Advisors in acknowledging individuals and organizations deserving recognition through the Hall of Honor program. We also appreciate the support and assistance of the Military Warriors Support Foundation.”

  

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

Rob Van Raaphorst

rvanraaphorst@mba.org

(202) 557-2799

                                                                                         

Six/Ten commences pre-leasing of RainGarden residences in downtown Winter Haven, FL

  

Carl 'Bud' Strang

Winter Haven, FL— Pre-leasing has begun for RainGarden, a townhouse apartment project designed for full enjoyment of Winter Haven’s revitalized downtown.

 Six/Ten LLC is nearing completion of the nine units designed by award-winning architect Max Strang.

 Each two-bedroom, two and a half-bathroom apartment has more than 1,600 square feet of living space, loft-like open spaces, two-car garages, and a private courtyard

“RainGarden puts residents within easy walking distance of parks, restaurants and shops,” said Bud Strang, Six/Ten’s CEO. “It’s a work-live-play environment for those seeking urban living at its best.”  

Max Strang

Max Strang (www.strangarchitecture.com), a Winter Haven native, designed the building one block from Central Avenue to harmonize with downtown’s mix of historic and modern architecture

. He received the 2013 Silver Medal for Design, the highest honor from the Miami chapter of the American Institute of Architects, where he has an office. 

  

The spacious apartments are complete with:

Floor-to-ceiling windows

Private courtyards

High-speed Verizon FIOS Internet connections for Internet and telephone service

Large, walk-in closets

All stainless steel GE appliances

En-suite bathrooms

Open floor plan with eat in kitchen and large living and dining areas

  

Initial offered rates are $1,850 per month for center units and $1,950 for end units. Electric utilities are extra. For more information on leasing a unit, please contact Chad Lennox at 863-595-0237 or at clennox@sixtenllc.com.  Move-in date is scheduled for mid-December.

RainGarden Apartments, Winter Haven, FL

RainGarden contributes to the urban rebirth of Winter Haven as Six/Ten develops, renovates and leases properties in the downtown district. 

The company restores historic buildings to their original, beautiful design and constructs new buildings that complement the city’s architectural style.

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

Michelle Friedman

Boardroom Communications

407-973-8555

mfriedman@boardroompr.com

       

Access Point Financial Adds David Wahl as Managing Director of Portfolio Management

   

ATLANTA, GA, Oct. 17, 2014—Access Point Financial (APF), a direct full-service lending and advisory firm focused on the hospitality industry, today announced David Wahl has joined the company as managing director of portfolio management. 

In his new role, Wahl is responsible for management and oversight of the company’s loan portfolio, including servicing, asset surveillance, credit/risk monitoring, portfolio adherence and reporting to APF’s debt providers, including such institutions as Wells Fargo, Key Bank, Pacific West and East West Bank.

 In addition, he will work with audit managers for the company’s debt providers, as well as McGladrey LLP, APF’s auditor of record.

Prior to joining APF, Wahl held senior management positions with Trimont Real Estate Advisors and its predecessors, currently a real estate financial services provider with $60 billion of invested clients’ capital under management. 

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

Jerry Daly

(703) 435-6293

jerry@dalygray.com

Taylor & Mathis Awarded Half Million Square Foot Management Portfolio in Tampa, FL

Atrium Building within Sabal Business Center, Tampa, FL

Tampa, FL -- Taylor & Mathis has been awarded the management assignment for a nine building suburban office portfolio in Tampa.

The half million square foot portfolio includes five buildings comprising Sabal Business Center as well as Atrium, Registry One, Registry Two and Registry Square all of which are located in East Tampa off of I-75 at the MLK Jr Boulevard exit. 

The portfolio is owned by IP Capital Partners of Boca Raton.

Taylor & Mathis has tapped John Fiore to serve as property manager for the portfolio with Julio Ballester as the lead building engineer. The management team is led by Kent Walling – Central Florida Director of Operations.

John Fiore

Taylor & Mathis is a diversified real estate company specializing in the development, marketing and management of office buildings, suburban office parks, industrial parks and mixed-use projects

 In Florida the company leases and/or manages a portfolio over 13 million square feet.

 Founded in 1967, the company has developed properties exceeding $1.9 billion in value and has established itself as one of the most respected regional real estate firms in the United States.

Based in Atlanta, with offices in Miami, Tampa, Orlando and Sunrise, Taylor & Mathis concentrates its business activity in primary growth markets in the southeastern United States.

For more information, visit www.TaylorMathis.com or www.taylormathisflorida.com

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

tyoungman@assetmarketingonline.com

The Georgia Buildings in Delray Beach, FL Hit the Market at $21.5 Million

The George Buildings, 300 and 400 East Atlantic Avenue
Delray Beach, FL

DELRAY BEACH, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced it has obtained the exclusive listing for The George Buildings, two adjacent corner retail assets totaling 19,855 square feet. 

The two buildings are listed together for $21,500,000. 

Howard Bregman, an associate in Marcus & Millichap’s Fort Lauderdale office, is marketing the portfolio on behalf of the seller, a South Florida family corporation. It is the first time the property has been offered for sale in more than 100 years.

“This is an extraordinary opportunity for an investor to acquire prime retail assets with over 165 feet of frontage on East Atlantic Boulevard,” says Bregman. “Tenant demand and development continue to rise in Delray Beach, especially with the revitalization and redevelopment of the Delray Beach Art District, which has transformed the area into a major tourist attraction. A brand new IPIC Theater is scheduled to open directly behind the property in 2015.”

Howard Bregman

Located on the southeast and southwest corners of Atlantic Avenue and SE 4th Street, at 326 and 400 East Atlantic Ave., the properties occupy the two most recognizable corners of Downtown Delray Beach. 

  The George Buildings are 1.4 miles east of Interstate 95 and one-half block west of Federal Highway with convenient access to the area’s major transportation corridors and excellent connectivity to the rest of Delray Beach and all of South Florida.

Interested investors can contact Howard Bregman at (954) 245-3417.

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

Gina Relva

Public Relations Manager

(925) 953-1716