HFF arranges $6.5 million financing for 186-unit multi-housing community in suburban Indianapolis, IN

Wentworth at West Clay Apartments, 12880 University Crescent, Indianapolis, IN

Zachary Roden

INDIANAPOLIS, IN – HFF announced today that it has arranged $6.5 million in financing for Wentworth at West Clay, a 186-unit, Class A multi-housing community located within the Village of West Clay in Carmel, a suburb north of Indianapolis, Indiana. 

HFF worked on behalf of the borrower, Gibralt Capital Corp. (Gibralt), to secure the three-year, floating-rate loan from Bedrock Capital Associates.  Loan proceeds will be used to refinance the existing debt, pay transaction costs and finance property renovations.

                The Wentworth at West Clay has 101 apartments and 85 condominiums.  There are 26 one-, 60 two- and 15 three-bedroom units averaging 1,129 square feet. 

The 95-percent-occupied property was built in 2004 and features a clubhouse, playground, barbeque, picnic area, tennis court, 24-hour fitness center, business center, movie theatre, billiard room, private garages and three swimming pools. 

Robb Rizzi

The community is located at 12880 University Crescent within the Village of West Clay, a master-planned community that replicates a small town and provides more than 16 miles of walking and jogging trails, in addition to more than 20 ponds and lakes in the area. 

                The HFF debt placement team was led by associate director Zachary Roden from HFF’s Indianapolis office and managing director Rob Rizzi with HFF’s New York office.

Gibralt’s investments include private equity, real estate, public market securities and credit-oriented funds.

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

Marcus & Millichap arranges sale of candy lane industrial warehouse in palm harbor, fl for $960,000

Matthew Kim

PALM HARBOR, FL,  March 12, 2015 – 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 Candy Lane Industrial Warehouse, located in Palm Harbor, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

The asset sold for $960,000.

  Matthew Kim, an associate in Marcus & Millichap’s Tampa office secured and represented the buyer of the property, a private investor based in Florida.

Candy Lane Industrial Warehouse was built in 1995 and is located at 133 Candy Lane, Palm Harbor, Fla. directly along the popular Pinellas Trail. 

This 21,312-square foot facility is situated on 2.329 acres of land, just west of Alternate 19, and zoned in Pinellas County as M-1. The facility has 3,566 square feet of very nicely appointed office, training or meeting space in the front. 

The remaining 17,726 square feet is open warehouse space. There are two roll-up doors and a three-phase 400 amp service.

“We were pleased to deliver this deal to the buyer before it hit the market,” says Kim.  “Once word spread about this property, several more buyers came to the table ready to do a deal.” 

“Timing is everything in this market, which is why you need to be in at the ground floor,” adds Kim.  

“With market velocity increasing significantly over the past 24 months, deals like these are becoming more difficult to locate.  

In several industrial pockets that have been depressed since 2009, we are finally starting to see major price increases due to an influx of demand and limited inventory,” concludes Kim.

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

 Richard D. Matricaria

Vice President/Regional Manager, Tampa

(813) 387-4700

Ardent Selected to Manage Iconic La Posada de Santa Fe in Santa Fe, NM

La Posada de Santa Fe Resort and Spa, 330 East Palace Avenue, Santa Fe, NM

PHOENIX, AZ, March 12, 2015—Officials of Ardent Hotel Management Company, a nationally recognized hotel management firm, today announced that the company has entered a long-term management contract with  1754 Properties, an institutional hotel investment and ownership company, to operate La Posada de Santa Fe, a Luxury Collection Resort and Spa, in Santa Fe, N.M. 

Joe Smith

The contract comes on the heels of previously announced management agreements for two Manhattan hotels acquired by a premier Middle Eastern investment company.

Known as Santa Fe's art hotel for its long tradition of displaying the work of established American artists, the 157-key La Posada de Santa Fe is a six-acre, urban oasis, just two blocks from the historic city's famous plaza. 

Ardent will utilize its construction management team to assist 1754 in its oversight of the hotel's multi-million dollar renovation to public spaces and guest rooms, including the rebranding of the hotel's award-winning restaurant, Fuego, which currently is underway.

“Ardent has an outstanding reputation for working with resorts of all calibers and improving them on all levels,” said Joe Smith, principal of 1754 Properties.

 “A trophy asset like La Posada, which in many ways is emblematic of the city itself, requires an operator who can interpret the destination by showcasing the hotel and creating a guest experience that is as unique as the property.

Si Sloman

“The decision to engage Ardent was easy as they are really the only management company with the depth to manage a four-diamond restaurant, a luxury spa, a complicated and unique rooms business and a historical renovation, all while managing costs more efficiently and significantly gaining market penetration against competitors.”

            "We are excited to be working with such an iconic property. With its genuine adobe architecture, rich history, wandering outdoor spaces and emphasis on American art, La Posada de Santa Fe defines the Santa Fe experience," said Si Sloman, president of Ardent.

“It's no secret that hotel guests today are looking for more than just a comfortable guest room, and La Posada is the kind of authentic, regionally significant  accommodation that exactly meets those desires. 

“Ardent has a long history of operating one-of-a-kind, destination hotels, and I am confident that La Posada de Santa Fe is a perfect match for our unique operational approach in creating a distinctively different guest experience while delivering improvement in asset value for the owners."

      

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

Lauralee Dobbins/Chris Daly

Daly Gray, Inc.

703-435-6293

Lauralee@dalygray.com

Six Commercial Brokers Join Bull Realty in Atlanta, GA

Aven Barbosa

ATLANTA, GA — Six experienced commercial real estate professionals have joined Bull Realty since the beginning of 2015.

The brokers who joined the firm include:

Aven Barbosa - 10 years of commercial real brokerage experience with the past 5 years focused on Senior Housing. She will continue her focus in this sector as V.P. of the National Senior Housing Group.

Michael Brown

Michael Brown - 25 years of experience in the commercial real estate industry in development, leasing and brokerage. He joins Bull Realty as President of the Student Housing Group.

Bryant R. Dromey - 11 years of experience in Atlanta’s Industrial sector. He is now President of the National Industrial Group at Bull Realty where he will continue to focus on the industrial sector.

Danny Glusman - 14 years of commercial real estate experience in retail, multifamily and office properties. As an Associate Broker with Bull Realty he will primarily focus on the multifamily market throughout the Southeast.

Bryant R. Dromey

Oscar Sinisterra - 15 years of experience in retail, specifically with a focus on the Hispanic demographic in the Southeast. His practice is focused on retail investment sales as V.P. of the National Retail Group at Bull Realty.

Danny Glusman

Scott K. Spalding - 24 years of experience in the apartment investment industry. As V.P. of the Apartment Group at Bull Realty he will specialize in acquisition and disposition of 50 to 300 unit multi-family properties.

Bull Realty has recently expanded their corporate office in the Perimeter area of Atlanta.

The “Google-esque” top floor space features a special purpose video conference room, a sound proof game room with pool table and a building fitness center.

Oscar Sinisterra

The firm has added additional broker support personnel and adjusted compensation schedules, all of which are attracting experienced brokers looking to take their business to the next level.

“The firm’s growth with these highly qualified professionals is exciting. They come from diverse backgrounds, have top-level-experience and certainly continue to build upon the depth of Bull Realty’s service platforms,” said Michael Bull, CCIM, CEO Bull Realty, Inc.

Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services.

Scott K. Spalding

 The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show (www.CREshow.com). The popular weekly show is broadcast on 40 radio stations nationwide, iTunes, YouTube and CREshow.com. Info@BullRealty.com

 404-876-1640

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

Melissa Henry

Communications Associate

Bull Realty, Inc.

50 Glenlake Pkwy, Suite 600

Atlanta, GA  30328

404-876-1640 x 110

Commercial Real Estate Show | CREshow.com

On-Air 40 U.S. Radio Stations | Online Anytime 

Franklin Street Closes on the Sale of Two Fort Lauderdale, FL Retail Centers for Nearly $12.5 million

Greg Matus

Fort Lauderdale, FL (March 11,  2015) —Franklin Street announces that it recently completed the sale of two open-air retail centers in Fort Lauderdale for a combined price of just under $12.4 million.

 Franklin Street’s Greg Matus, Regional Managing Partner, and Peter Crane, Investment Associate, represented both parties in each separate transaction.

The team sold a 25,678 square foot, 19-tenant, unanchored retail center at 4300 North Federal Highway between Oakland Park Blvd. and Commercial Blvd on the east side of the street. 

The buyer, HAZ Real Estate Investment, LLC, a private investor from Toronto, Canada, paid $6.247 million for the property which was 95 percent leased with a strong mix of long-term tenants at closing.  

The seller was Gerig Group LLC, a private investor based in Florida.

“The demand for this asset was very high as we had more than 20 offers,” said Matus, who specializes in brokering the sale of unanchored retails centers in South Florida. 

2121 North Federal Highway, Fort Lauderdale, FL

The second transaction involved a 12,300 square foot, unanchored retail center at 2121 N. Federal Highway that sold for $6.1 million. 

The property is fully-occupied by a group of regional and national tenants who all have long-term leases in place. 

The sellers, 2121 Investments LLC, built the retail center in 2013 on land owned by a third party. 

The buyer, Boston Trader 2121, LLC purchased the building as part of a 1031 exchange. 

Two other brokerage firms had previously attempted to market the property prior to Franklin Street getting the listing and closing the transaction.

 “There’s significant investor demand for multi-tenant, unanchored retail centers in South Florida,” said Matus.

“Rising rents and the low cost of capital are driving the market at the moment. If any owners are thinking of selling in the near future, they should consider doing it right now to maximize returns, access their equity and avoid any future economic uncertainties.

“Buyers can lock in great debt and solidify ownership in an investment that they plan to keep long-term—a strategy that many of today’s active investors are employing.”

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

Todd Templin or Ashley Fierman, BoardroomPR

ttemplin@boardroompr.com/afierman@boardroompr.com

954-370-8999                                                                                                     

Crossman & Company’s John Crossman Elected to Florida A&M University Foundation Board of Directors

John Crossman

TALLAHASSEE, FL – The Florida A&M University Foundation has elected John Crossman, CCIM, CRX, president of Crossman & Company, to its 2015 board of directors.  Crossman joins an esteemed board of 31 business leaders from across the United States.

“John possesses such great passion for universities,” said Thomas J. Haynes, Jr., Ph.D., executive director of FAMU Foundation, Inc.

 “From fundraising to mentoring and hiring students and everywhere in between, he is the type of person and professional every university board would want advocating for them. 

“We also worked very closely with John and his team when we were looking to open a law school campus in the heart of downtown Orlando over 10 years ago.  They led us in the right direction for both placement and exposure.”

Crossman takes that passion on the road with him as he visits nearly a dozen universities annually to share his knowledge and experience in the commercial real estate industry. 

Thomas J. Haynes Jr.

He has been in the business for over 23 years and has personally been involved with more than $1 billion in transactions. 

“To me, it’s very important that we invest in our universities; whether it’s financial, through advocacy or both,” said Crossman. 

“It’s up to us to provide the opportunities and resources to who will be our future employees, which will further help them on the road to success.

“Through action, we generate beneficial partnerships for both parties involved. In the end, the investment will always return 10-fold. I believe in the continued success of FAMU and am thrilled to be a part of their Foundation’s board.”

Crossman is an executive board member for the University of Florida Bergstrom Center for Real Estate, Florida State University (FSU) Center for Real Estate Education and the University of Central Florida’s Dr. P. Phillip School of Real Estate.

Marco Rubio

 He was also appointed by Florida Governor Rick Scott to Valencia College’s Board of Trustees, is a four time appointee by Senator Marco Rubio for the Service Academy Nomination Board and was presented the Underground Railroad Award by the U.S. House of Representatives.

 An FSU alum, he has an endowed student scholarship foundation at FSU in Tallahassee and Bethune-Cookman University in Daytona Beach, Fla., named after his father, the late Reverend Kenneth C. Crossman.

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

 Sydnie Cobb

 Crossman & Company

 scobb@crossmanco.com

 407.581.6261

Fernbrook Florida to Develop Sabbia Beach, Luxury Oceanfront Condominiums in Pompano Beach, FL; First “Toes in the Sand” Project in Pompano Beach in Nearly a Decade

Sabbia Beach Condos, Atlantic Ocean View, Pompano Beach, FL

POMPANO BEACH, FL  — Fernbrook Florida, LLLP announces Sabbia Beach, the first new luxury oceanfront condominium development to be built in Pompano Beach in nearly a decade.  The project is already 25 percent reserved before its official launch.

“Buyers looking for new construction directly on the sand will find one of the very few places left to experience this lifestyle in South Florida,” said Danny Salvatore, a partner in Fernbrook Florida, an affiliate of Fernbrook Homes in Canada. “Future residents of Sabbia Beach will have the Atlantic Ocean as their backyard.”

Danny (left) and son  Joseph Salvatore

 Sabbia Beach, designed by world-renowned Arquitectonica, will be built on one of the last remaining parcels of land located on a 3-mile stretch of pristine shoreline at 730 North Ocean Blvd. 

Lisa Whitaker

These 72 intimate residences include two-, three- and four-bedroom residences, two penthouse suites and four lanai residences. 

They will have floor-to-ceiling, sliding-glass doors leading to balconies offering ocean, city and Intracoastal views. Pre-construction prices will start in the low $900,000s.

 The 19-story project will be nestled less than a mile north of the well-known Pompano Beach pier, putting residents close to outdoor shops, live entertainment and fine dining.

Within the development, tropical lush landscaping will lend itself to resort-style amenities designed by Interiors by Steven G. that include a state-of-the art fitness center, treatment massage rooms, tasting room, designated yoga area, 24-hour security and valet.

“Sabbia Beach embraces the sophisticated, yet beach-chic lifestyle buyers are seeking,” said Lisa Whitaker of Hemisphere Sales Group, which is managing sales for Sabbia Beach.

“It’s an ideal location for those who want to experience oceanfront living year round, including empty nesters looking to downsize without having to sacrifice lifestyle and living space.  It’s also ideal for those who desire a second or third home.”

Amy Ballon

 “Buyers are moving north from Miami and Fort Lauderdale as oceanfront land has become rare and more expensive,” said Amy Ballon, a partner in Hemisphere Sales Group. 

 “Our developers understand this trend and have set out to create a landmark building.”

While sales have already begun, the development team is planning to build an on-site sales gallery which is expected to open in mid-spring.  

Groundbreaking is expected in the Fall of 2015 with expected completion in 2017.

For more information on Sabbia Beach or to schedule an appointment, please contact 954-781-9700 or visit www.SabbiaBeachCondos.com

Facebook: Sabbia Beach; Twitter: @SabbiaBeach; Instagram:@SabbiaBeach;  GooglePlus: Sabbia Beach;Pinterest: Sabbia Beach.

 Sabbia Beach is the shared vision of prominent builders who collectively have more than 55 years of experience in creating unique, luxurious, waterfront residential communities across the Western Hemisphere.

 Danny Salvatore, along with his son Joseph Salvatore, lead Fernbrook Homes in Ontario, Canada. 

Rendering of Residences at Pier 27, Toronto, Canada

Since its inception nearly four decades ago, the company has developed more than 4-million square feet of residential high-rises and more than 35,000 single-family homes in 100 different communities.

 Their condominium projects, including L Tower, Pier 27, and the internationally acclaimed Absolute City Centre, have transformed Toronto’s skyline.

Federico Fernandez heads Venezuelan conglomerate Grupo Fernandez. The company excels in a host of industries and today is Venezuela’s largest construction company. Its portfolio includes 50 residential condominiums in the country’s top cities, as well as hotel and condominium projects in Texas and Florida.

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

Laura Burns, Ilana Tescher

BoardroomPR

lburns@boardroompr.com/itescher@boardroompr.com

954-370-8999

CBRE Orlando Brokers Sale of Class A Property at 5900 Lake Ellenor Drive, Orlando, FL

Lakeshore Center, 5900 Lake Ellenor Drive, Orlando, FL

Ron Rogg

Orlando, FL  – CBRE arranged the sale of a 133,075-square-foot Class A office property located at 5900 Lake Ellenor Drive, Orlando, FL.

ORLANDO, FL -- CBRE’s Ron Rogg and Chip Wooten exclusively represented the seller in the transaction.

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

Ronald J. Rogg, CCIM

Executive Vice President

+1 407 839 3194

ron.rogg@cbre.com

Capital Square Realty Advisors Strengthens Asset Management Team with Industry Veterans Rick Burnett and Jerry Conyers

Rick Burnett

GLEN ALLEN, VA (March 10, 2015) – Capital Square Realty Advisors, LLC announced today that property and asset management veterans, Rick Burnett, CPM, CCIM, RPA®, CSM, and Jerry Conyers, have joined the company as executive vice president, asset administration, and associate vice president, asset administration, respectively. 

 Burnett and Conyers are responsible for asset and property administration for Capital Square Realty Advisors’ growing real estate portfolio, which currently totals more than $250 million of healthcare, multifamily, retail, parking and manufactured housing properties across 13 states.

 “Capital Square Realty Advisors has grown tremendously since our founding in 2012. We are fortunate to add highly credentialed industry veterans to strengthen our asset management capabilities,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors.

Jerry Conyers

“Burnett and Conyers have successfully managed billions of dollars of investment grade real estate through multiple real estate cycles. Their extensive management knowledge and expertise adds tremendous value to Capital Square’s DST/1031 exchange platform.”

 Burnett has directly managed in excess of $3 billion of commercial real estate and holds Certified Property Manager (CPM), Certified Commercial Investment Member (CCIM), Real Property Administrator (RPA®), and Certified Shopping Center Manager (CSM) designations.

He previously served as an executive vice president of asset management with Grubb & Ellis Company, as well as executive director of USAA Realty Company’s western region, responsible for operations and leasing for its commercial real estate assets.

During an extensive career, he has also served as vice president, branch site acquisition manager in Great Western Bank’s Corporate Properties division, where he oversaw a portfolio of office, industrial and retail properties in Southern California, as well as vice president, real estate asset manager with Heron Financial. Burnett earned a bachelor’s degree from the University of Phoenix.

Louis J. Rogers

 Prior to joining Capital Square, Conyers held asset management and property administration positions with several notable national real estate firms, including Kennedy Wilson, Trammell Crow, Legacy Partners and Grubb & Ellis Company, where he helped manage a portfolio in excess of 2 million square feet. 

Throughout his 20-year career, he has been responsible for retail, office, medical office and industrial buildings.

 Capital Square Realty Advisors, LLC specializes in the creation and management of commercial real estate investment programs for Section 1031 exchange investors and other investors using the Delaware Statutory Trust structure.

Louis J. Rogers, founder and chief executive officer of Capital Square Realty Advisors, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including DST, tenant-in-common, numerous real estate funds, and multiple publicly registered non-traded real estate investment trusts.

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

Julie Leber

Spotlight Marketing Communications

949.427.5172, ext. 703

509-338-5676 - cell

julie@spotlightmarcom.com

HFF secures $32 million in financing for development of Hyatt Place in Arlington, VA

Hyatt Place Arlington, Arlington, VA

WASHINGTON, D.C.  --  HFF announced today that it has secured $32 million in financing for the development of the Hyatt Place Arlington, a 161-key, select-service hotel in Arlington, Virginia.

HFF worked on behalf of the borrower, a partnership between Schupp Companies and LodgeWorks Partners, L.P., to secure the five-year senior construction loan through EagleBank. 

Additionally, HFF arranged mezzanine financing on behalf of the borrowers through Endeavor Real Estate Group, Ltd.

                The new Hyatt Place Arlington will be located at 2401 Wilson Boulevard at the intersection of Wilson Boulevard and North Adams Street in the Rosslyn-Ballston corridor one block from the Courthouse Metro (Orange Line) and the Arlington County Courthouse.

Cyrus Vazifdar

In addition to the 161 hotel rooms, the hotel’s 93,000 square feet will contain 1,200 square feet of street-level retail space, a café and bar on the first floor and a two-level underground parking garage.  

The hotel, which broke ground in January 2015, will be completed in 2016.

The HFF team was led by managing director Mark Remington and associate directors Cyrus Vazifdar and Neil Campbell.

“Schupp Companies and their partners are dedicated to the Hyatt Place Arlington obtaining LEED Gold Certification, which would make the property Arlington’s first LEED Gold hotel and Hyatt’s first LEED Gold Hyatt Place in the United States,” Remington said.

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

www.endeavorre.com.

www.EagleBankCorp.com.

www.lodgeworks.com.

Crossman & Company Arranges Deals Totaling 24,350 SF at Southgate Shopping Center in Lakeland, FL

Craig Katterfield

LAKELAND, FL – The historic Publix anchored retail center, Southgate Shopping Center in Lakeland, Florida, renews the 22,022 SF lease for Office Depot. 

Located on South Florida Avenue, the iconic design has exceptional curb appeal and includes notable tenants such as Ace Hardware, Five Guys and Grow Financial Credit Union.

Crossman & Company’s Senior Associate, Craig Katterfield, CCIM, represented the landlord during the deal. 

Katterfield states, “It was a great experience working with Office Depot’s real estate team to bring this deal to completion. We are looking forward to their continued success at Southgate Shopping Center.”

In addition, Craig completed a lease agreement with AT&T Wireless.  

The tenant signed a five year lease for the 2,328 SF freestanding building, located adjacent to the Southgate Shopping Center. 

Katterfield represented the landlord and worked with Sue Haskel of Haskel Realty Group, who represented the tenant.

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

Sydnie Cobb

 Crossman & Company

Cushman & Wakefield Brokers Sale of Congress Industrial Square in Delray Beach, FL

Congress Industrial Square, Delray Beach, FL

Matthew McAllister

DELRAY BEACH, FL - Cushman & Wakefield announced today that is has brokered the sale of Congress Industrial Square, a ±25,000-square-foot showroom/warehouse in Delray Beach, Florida.

Senior Director Christopher Thomson, Associate Director Matthew McAllister, Executive Director Chris Metzger, and Executive Director Rick Etner represented Congress Industrial Square, LLC in the sale of the multi-tenant industrial space to Delray Business Center, LLC. 

The transaction was valued at $2,725,000.

Congress Industrial Square was built in 2000 and is located at 125 North Congress Avenue. It features 24’ clear ceiling heights, one dock-high door, 18 grade-level doors and 90 parking spaces. The facility is 100-percent leased and offers immediate access to Interstate 95 and Atlantic Avenue.

Christopher Thomson

The property is located in the Palm Beach industrial market which has been buoyed recently by increased seaport activity. As users clamor to capitalize on this economic upswing, the demand for assets like Congress Industrial Square has increased.

“Activity at the ports increased, providing new opportunities for the region’s many logistics and trade related firms,” reads Cushman & Wakefield’s Q4 2014 Palm Beach Industrial MarketBeat Report.

“Proximity to mass distribution markets, ports, and freeways add to the heightened demand … however, land is in short supply and very expensive, so there is a very high barrier of entry for new development projects.”

The dearth of available product has not deterred investors. They have simply discovered other avenues into the market.

“Pricing has pushed some investors out of the local distribution market,” explained Thomson. “They’re still looking to place money, though, and flex product is currently a very viable and desirable option.”

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

Christopher Thomson, SIOR

Senior Director

(561) 227-2020

christopher.thomson@cushwake.com

Marcus & Millichap Names Justin West Regional Manager of Orlando, FL Office

Justin West

ORLANDO, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has named Justin West regional manager of its Orlando office, according to John J. Kerin, president and chief executive officer.

“Justin has demonstrated his expertise in expanding our national market-making capabilities to clients in Orlando and Central Florida as sales manager of the Orlando office,” says Kerin. 

“In his new role as regional manager, Justin will provide leadership and support to our investment professionals and continue to expand the Orlando office.”

“A key element of our continued growth and expansion is cultivating strong relationships with experienced commercial real estate investment professionals in Orlando and throughout Central Florida,” adds West.

West began his career with Marcus & Millichap in February 2010 as an agent in the Orlando office. He has been serving as sales manager of the Orlando office since October 2013. 

John J. Kerin

His product specialty was office and industrial investment properties, and in 2013 West received the Central Florida Chapter of NAIOP’s Investment Broker of the Year award. 

Prior to joining Marcus & Millichap, he was managing partner at West Commercial Real Estate Advisors. He began his real estate career with Duke Realty Corp. as a leasing and development representative for its Orlando office group.

West graduated from Rollins College in Orlando with a bachelor’s degree in organizational communication and a minor in business administration, finance and marketing.

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

Gina Relva

Public Relations Manager

(925) 953-1716