C&W Announces $139 Million in YTD Transactions

Chris Owen Research Manager TAMPA, FL – Cushman & Wakefield today released its year-to-date transaction report highlighting nearly 500,000 square feet of commercial real estate transactions valued at more than $139 million. The details of these transactions can be found below. Retail Sales Senior Director Patrick Berman and Director Jason Donald represented Bush Properties, Inc. in the sale of two Zaxby’s in Valley and Opelika, Alabama for $4.8 million. Cushman & Wakefield of San Diego, Inc. represented the buyer STORE Capital Acquisitions , LLC. Senior Director Jane Levin, Senior Director Patrick Berman, and Director Jason Donald represented 5537 Sheldon, LLC in the sale of Bay Plaza in Tampa, Florida for $4.217 million. The buyer was ATS Bay Plaza, LLC. Land Sales Executive Director Bruce Erhardt, Senior Director Patrick Berman, and Director Jason Donald represented Associated Out-Door Clubs, Inc. in the sale of commercial land located at Interstate 275 and Bird Street in Tampa, Florida. TBDG Acquisition, LLC was the buyer. Executive Director Bruce Erhardt, Senior Director Margery Johnson, and Associate Andy Slowik represented Wells Fargo in the sale of the former Riviera Southshore site in Bradenton, Florida for $4.0 million. Hatfield Development Co. was the buyer. Senior Director Patrick Berman and Director Jason Donald represented Sun Trust Bank in the sale of a parcel of commercial land at 15524 North Dale Mabry Highway in Tampa, Florida. UP Development purchased the land for $2.75 million. Executive Director Bruce Erhardt, Senior Director Patrick Berman, and Director Jason Donald represented Lennar Homes in the sale of commercial land at the southeast corner of State Road 674 and US 301 in Wimauma, Florida. The sale price was $3.0 million. LG Highway 301 & Sun City, LLC was the buyer. Multifamily Sales Executive Director Byron Moger represented the Doran Companies in the sale of two student housing communities serving the University of Minnesota in Minneapolis – 412 Lofts and The Edge on Oak. University Communities purchased the two projects for $83.5 million. Industrial Sales Executive Director Mike Davis, Senior Director Rick Brugge, Senior Director James Moler, Senior Director Paula Buffa, and Senior Director Michael Lerner represented Carlyle/Meridian Pinellas, L.P. in the sale of Meridian Gateway Center in Pinellas Park, Florida for $11.525 million. Avistone, LLC was the buyer. Executive Director Mike Davis, Senior Director Michael Lerner, Senior Director Rick Brugge, Executive Director Wayne Ramoski, and Senior Associate Gian Rodriguez represented NDC Properties, LLC in the sale of a manufacturing facility at 9400 NW 104th Street in Medley, Florida. Columbia Industrial Properties Midwest purchased the facility for $17.85 million. Office Leases All Risks, Ltd. leased 6,450 square feet at 12750 Citrus Park Lane in Tampa, Florida. Senior Director Mercedes Angell and Director Jeff Lanning represented the landlord, CPI Ryan I, LLC. Arma Global Corp. renewed its 20,082-square-foot lease at 2701 North Rocky Point Drive in Tampa, Florida. Senior Director John Fish and Senior Director Scott Garlick represented the landlord, Island Center Group. Executive Director Andy May, Director Barry Oaks, Senior Director Jeff Sweeney, and Director Anne Spencer represented West Florida Health, Inc. in its lease renewal of 3,138 square feet at 3903 Northdale Boulevard in Tampa, Florida. Cantor Real Estate Income & Opportunity Fund was the landlord. Northbridge Financial Group, LLC, represented by Senior Director Mercedes Angell and Director Jeff Lanning, renewed its 3,119-square-foot lease at 4300 West Cypress Street in Tampa, Florida. Highwoods Realty was the landlord. Thompson, Sizemore, Gonzalez & Hearing, P.A. renewed its 14,594-square-foot lease at Tampa City Center. Senior Director James Moler, Executive Director Andy May, Director Barry Oaks, and Associate Michael Park represented the landlord, 201 North Franklin Tampa, LLC. Executive Director Andy May, Director Barry Oaks, Associate Director Bill Reeves, and Senior Associate Nina Sullivan represented Morgan Stanley Smith Barney in its renewal of a 12,146-square-foot lease at 18167 US Hwy 19 North in Clearwater, Florida. The landlord was AHC Metro Harbourside, LLC. Senior Director Scott Garlick and Senior Director John Fish represented Masonite Corp in its renewal of a 49,200-square-foot lease at 150 Lee Avenue in Winchester, Virginia. The landlord was Shockey Realty Co. Ameritrust Residential Services leased 3,624 square feet at 5670 A West Cypress Street in Tampa, Florida. Senior Director Paula Buffa and Senior Director James Moler represented the landlord, Bay West Tampa Investors, LLC. Quasius Investment Corp. subleased 8,386 square feet at 4805 Independence Parkway in Tampa, Florida. Senior Director Mercedes Angell and Director Jeff Lanning represented the landlord, Atwell, LLC. Mattamy Tampa leased 9,267 square feet at 4045 Crescent Park Drive in Riverview, Florida. Associate Director Bill Reeves, Director Jeff Lanning, and Senior Director Mercedes Angell represented the landlord, FR/CAL Crescent, LLC. Industrial Leases JM Penny d/b/a Diamond Crystal renewed its lease of 5,200 square feet at 4901-B1 Rio Vista Avenue in Tampa, Florida. Director Julia Rettig, Executive Director Mike Davis, Director Jeff Lamm, Director Timothy Callahan, and Associate Scott Peek represented the landlord, The Peter Lawrence Companies. Laseresque, Inc. leased 2,500 SF at 5416 Airport Boulevard in Tampa, Florida. Director Julia Rettig, Executive Director Mike Davis, Director Jeff Lamm, Director Timothy Callahan, and Associate Scott Peek represented the landlord, The Peter Lawrence Companies. Valenti Management leased 8,477 square feet at 3924 Premier North Drive in Tampa, Florida. Senior Director James Moler and Senior Director Paula Buffa represented the landlord, Meridian North, LLC. Smart Communications leased 3,500 square feet at 5406 Airport Boulevard in Tampa, Florida. Director Julia Rettig, Executive Director Mike Davis, Director Jeff Lamm, Director Timothy Callahan, and Associate Scott Peek represented the landlord, The Peter Lawrence Companies. South Florida Express Bankserv leased 1,800 square feet at 5113 Rio Vista Avenue in Tampa, Florida. Director Julia Rettig, Executive Director Mike Davis, Director Jeff Lamm, Director Timothy Callahan, and Associate Scott Peek represented the landlord, The Peter Lawrence Companies. General Supply & Services leased 12,006 square feet at 8105 Krauss Boulevard in Tampa, Florida. Director Julia Rettig, Executive Director Mike Davis, and Director Jeff Lamm represented the landlord, DRA Advisors, LLC. Solanes Truck Parts Export renewed its 1,800-square-foot lease at 5011 Rio Vista Avenue in Tampa, Florida. Director Julia Rettig, Executive Director Mike Davis, Director Jeff Lamm, Director Timothy Callahan, and Associate Scott Peek represented the landlord, The Peter Lawrence Companies. Advocates for World Health renewed its 10,854-square-foot lease at 5601 Airport Boulevard in Tampa, Florida. Director Julia Rettig, Executive Director Mike Davis, Director Jeff Lamm, Director Timothy Callahan, and Associate Scott Peek represented the landlord, The Peter Lawrence Companies. Certifit, Inc. renewed its 25,712-square-foot-lease at 11441 North US 301 in Tampa, Florida. Director Julia Rettig, Director Jeff Lamm, Associate Scott Peek, and Executive Director Mike Davis represented the landlord, Colfin Cobalt I-II Owner, LLC. Masonite renewed its 40,480-square-foot lease at 216–218 Central Road in Fredericksburg, Virginia. Senior Director Scott Garlick and Senior Director John Fish represented the landlord Battlefield Industrial Park. The Hurley Corporation renewed its 6,000-square-foot lease at 5201 Rio Vista Avenue in Tampa, Florida. Director Julia Rettig, Executive Director Mike Davis, Director Jeff Lamm, and Associate Scott Peek represented the landlord, The Peter Lawrence Companies. Walbro, LLC d/b/a GT Covers leased 6,000 square feet at Airport Industrial Park in Tampa, Florida. Director Julia Rettig, Executive Director Mike Davis, Director Jeff Lamm, and Associate Scott Peek represented the landlord, The Peter Lawrence Companies. For a complete copy of the company’s news release, please contact: Chris Owen Research Manager Central and North Florida (407) 541-4417 chris.owen@cushwake.com

C&W's Jenks Named NAIOP Office Broker of the Year

Traci Jenks

JACKSONVILLE, FL – Cushman & Wakefield is pleased to announce that Senior Director Traci Jenks has been named NAIOP of Northeast Florida’s Office Broker of the Year. She was honored February 26th during an event held at Cummer Museum of Art & Gardens.

Jenks’ candidacy was buoyed by an impressive 2014 deal list which included 17 transactions totaling nearly 270,000 square feet valued at $17.4 million. Beyond these statistics, however, was Jenks’ tireless advocacy for Downtown Jacksonville.

Larry Richey

NAIOP highlighted this by singling out Jenks’ efforts to bring Analytics Partners to the Brooklyn area, where it now occupies a larger, more modern space at 725 Peninsular Place.

“This award is well-deserved,” added Cushman & Wakefield’s Senior Managing Director and Florida Market Leader Larry Richey.

 “We are incredibly proud of the work Traci is doing. Her dedication to her clients and the city of Jacksonville is unparalleled.”

Two other Cushman & Wakefield professionals were honored during the event.

Senior Director Bob Retherford was nominated for Office Deal of the Year for his work on the Jacksonville Transportation Authority headquarters relocation.

Associate Director Tyler Newman was an Industrial Broker of the Year nominee.

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

Traci Jenks

Senior Director

(904) 380-8333

traci.jenks@cushwake.com

Taylor & Mathis Snags Two New Deals at Sawgrass Corporate Park in Sunrise, FL

Sawgrass Corporate Park, Sunrise, FL

Jennifer Gemma

Sunise, FL  -- Taylor & Mathis has signed two firms to leases at Sawgrass Corporate Park.  Both companies are opening new offices in Sunrise.

Donna Korn and Jennifer Gemma of Taylor & Mathis negotiated the leases on behalf of the buildings’ owners, The Brookdale Group and UBS Realty Investors LLC.

PRMG-Sawgrass, a branch of Paramount Residential Mortgage Group (PRMG) headquartered out of Corona California, is relocating from Cooper City, Florida.

 The firm signed a 3,910 square foot lease at the park’s Corporate Centre II office building.  A privately held mortgage banker and residential home lender, PRMG employs over 700 people in close to 50 branches throughout the United States. 

Melnick, Lilienfeld & Castonguay, CPA’s, strategic tax and business advisors, is opening a second location,  leasing 2,600 square feet at the park’s Corporate Centre I office building.

Donna Korn

The firm’s services range from tax planning and preparation for individuals, corporations, fiduciaries, and estates, as well as business and real estate consulting. The firm also maintains an office in Miami’s Aventura area.

The buildings are located within Sawgrass International Corporate Park, South Florida’s largest office park.

Strategically bound by I-595, I-75 and Sunrise Boulevard, the state-of-the-art business park features a variety of business space from high-tech manufacturing and R&D to executive office suites and mid-rise Class A office projects. 

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

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

Donna Korn dkorn@taylormathis.com

 (954)845-8840 or

Jennifer Gemma jgemma@taylormathis.com

 (954)845-8840

Officials Celebrate Groundbreaking of Appomattox Inn and Suites in Appomattox, VA: Professionally Managed by Marshall Hotels

Mike Marshall

APPOMATTOX, Va., March 24, 2015—Marshall Hotels & Resorts, Inc., a leading hotel management and services company that operates properties nationwide, today celebrated the groundbreaking of the 56-room Appomattox Inn and Suites: Professionally Managed by Marshall Hotels, a boutique hotel to be located in historic Appomattox, Va. 

Owned by a group of private investors, the hotel is expected to open in the fall of 2015.

“This hotel marks the first new-build hotel property in the past two decades for the Appomattox area,” said Mike Marshall, president of Marshall Hotels and Resorts.

 “The Appomattox Inn and Suites: Professionally Managed by Marshall Hotels will provide area travelers with an authentic local experience that combines the latest in technology and services with the southern hospitality for which Virginia is so well known.”

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

Chris Daly, media

Daly Gray Public Relations

(703) 435-6293

chris@dalygray.com

Waterton Associates Purchases Promenade Crossing in Orlando, FL

Max Peek

 CHICAGO, IL, March 24, 2015 – Waterton Associates LLC, a U.S. real estate investor and operator, today announced the acquisition of Promenade Crossing, a 212-unit garden-style apartment community located approximately three miles northeast of downtown Orlando, Fla.

 The gated community, a mix of one-, two- and three-bedroom apartments, borders Baldwin Park, an upscale master-planned community that is home to more than 8,000 residents and 125 businesses, and is minutes from some of the area’s top employment centers, including the Orlando Regional Medical Center and Florida Hospital Orlando.

 It is the second property acquired by Waterton in 2015 and adds to the company’s growing portfolio in Florida, where Waterton owns five other rental communities comprising more than 2,300 units.

 “The Orlando apartment market has continued to benefit from high occupancies and steady rent growth, which makes it extremely attractive from an investment standpoint,” said Max Peek, senior vice president of acquisitions at Waterton Associates.

“While some of this activity has been fueled by former homeowners who became renters during the downturn, we’ve seen a societal shift in how everyone from millennials to baby boomers view housing, with many opting for the flexible, maintenance-free rental lifestyle afforded by communities like Promenade Crossing.”

For leasing information, call (321) 282-4860 or visit www.promenadecrossing.com

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

Abe Tekippe, atekippe@taylorjohnson.com  (312) 267-4528

Kim Manning, kmanning@taylorjohnson.com (312) 267-4527

Lincoln Brokers Leases by AchieveIt and Tropical Smoothie in Metro Atlanta

Michael Howell

ATLANTA, GA (March 23, 2015) – Lincoln Property Company Southeast (Lincoln) has brokered leases by AcheiveIt and Tropical Smoothie in metro Atlanta. 

The details of the deals are as follows:

• AchieveIt, which develops software that enables company leaders to track organizational performance, has signed a new lease for 10,924 square feet at Eleven Seventeen Perimeter, a Class-A, five-story office building located in the Central Perimeter submarket near the Sandy Springs MARTA station, Georgia 400 and Interstate 285.

Michael Howell, Hunter Henritze and Matt Davis of Lincoln represented the landlord, Colony Realty Partners, and Kevin Carroll of CBRE represented the tenant.

AchieveIt is relocating from Buckhead.

Hunter Henritze

• Tropical Smoothie expanded its lease at Eleven Seventeen Perimeter by 2,095 square feet; the firm now occupies a total of 9,763 square feet at the building.

Howell, Henritze and Davis represented the landlord, and Carroll of CBRE represented the tenant.

The transactions come as the metro Atlanta office market continues its recovery. 

The overall Atlanta office vacancy rate ended last year at 14.2 percent, down from 15 percent at the end of first-quarter 2014, according to CoStar.

The Central Perimeter and Buckhead submarkets, in which the buildings above are located, are among the areas hottest areas, and finished last year with vacancy rates of 13.3 percent and 13.1 percent, respectively.

Matt Davis

“We expect a very busy 2015, as businesses continue to hire and look to expand operations in a growing economy,” said Howell, vice president of office leasing for Lincoln. 

“With new construction still firmly in check, office rents will continue to increase throughout metro Atlanta, and the market will grow ever more favorable for landlords.”

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com