HFF closes $20.5 million sale of West Palm Beach, FL office complex

The Forum, 1655, 1665 and 1675 Palm Beach Lakes Boulevard, West Palm Beach, FL

 

Ike Ojala

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $20.5 million sale of The Forum, a three-building, 278,367-square-foot office property in West Palm Beach, Florida.

HFF marketed the property on behalf of the seller, PRP Real Estate Investors and Panther Capital Management, LLC.

The Forum is located at 1655, 1665 and 1675 Palm Beach Lakes Boulevard at the intersection of Palm Beach Lakes Boulevard and Congress Avenue, one block east of Interstate 95. 

This “main and main” location is across the street from the newly opened Palm Beach Fashion Outlet Mall and has easy accessibility to the nearby amenities at CityPlace, Waterfront Commons, Downtown West Palm Beach and Worth Avenue. 

The Palm Beach International Airport is also within a 10-minute drive from the property.  Most recently renovated in 2013, The Forum consists of three 10-story buildings and a four-story parking garage.

The HFF investment sales team representing the seller included director Ike Ojala, senior managing director Herman Rodriguez and associate director Jorge Portela.

“The Forum transaction continues the exciting renaissance of the Palm Beach Lakes corridor, which started with the completion of the Palm Beach Outlets adjacent to Forum and recent residential development in the area,” said Ojala.

 “We received strong interest from a broad pool of investors looking to take advantage of the marquis location and significant size of The Forum.” 

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

Kristen M. Murphy

Director

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

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.prprei.com.

HFF closes $47.9 million sale of a regional retail power center in Hattiesburg, MS

Turtle Creek Crossing Retail Power Center, 6143 U.S. Highway 98, Hattiesburg, MS

Jim Hamilton

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $47.9 million sale of Turtle Creek Crossing, a 295,848-square-foot regional retail power center in Hattiesburg, Mississippi.   

HFF marketed the property on behalf of the seller, Kimco Realty Corp.  Stirling Properties, Inc. purchased the asset free and clear of existing debt.

Completed in two phases in 2005 and 2007, the 95-percent-leased Turtle Creek Crossing is home to Ashley Furniture HomeStore, Books-A-Million, Dollar Tree, Old Navy, PetSmart, Ross Dress for Less, Bed Bath & Beyond, David’s Bridal and Rue 21 along with shadow anchors Target, Kohl’s and Academy Sports + Outdoors. 

Turtle Creek Crossing is situated on 39.9 acres at 6143 U.S. Highway 98 along the “going home” side of Highway 98, the main retail artery in Hattiesburg. 

The HFF investment sales team representing the seller was led by senior managing directors Jim Hamilton and Richard Reid.

“The center is adjacent to Turtle Creek Mall, the dominant regional mall, which helps make this area a regional retail destination,” Hamilton said.

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

Kristen M. Murphy

Director

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

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.twitter.com/kimcorealty.

HFF closes sale of Publix-anchored retail center in Clearwater, FL

  

Northwood Plaza, 2508-2554 McMullen Booth Road, Clearwater, FL

 

Daniel Finkle

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Northwood Plaza, a 203,749-square-foot, Publix-anchored neighborhood retail center in Clearwater, Florida. 

HFF marketed the property on behalf of the seller, a separate account client of AEW Capital Management, L.P.  Publix Super Markets, Inc. purchased the asset.

Northwood Plaza is a six-building center anchored by Publix, Stein Mart, CVS, Anytime Fitness and Talbots.  The 95-percent-leased center is also home to nationally-recognized tenants Starbucks, Great Clips, Weight Watchers, Scottrade, GNC, Massage Envy and SunTrust. 

Originally constructed in 1980, the center underwent extensive renovations and modernizations in 2007.  Northwood Plaza is situated on 20.4 acres at 2508-2554 McMullen Booth Road, a major commercial north-south thoroughfare, at the intersection of McMullen Booth and Enterprise Roads.

 This “hard corner” locale between two signalized intersections provides multiple access points and visibility to more than 88,000 vehicles per day.  Located in Clearwater, part of the Tampa MSA, the center is in a trade area that serves approximately 87,000 residents within a three-mile radius.

 The HFF investment sales team representing the seller was led by senior managing directors Daniel Finkle and Brad Peterson, managing director Luis Castillo and associate director Nat Scarmazzi.

“Northwood Plaza is an exceptional retail center that was highly sought after by investors, given its strong tenant sales and irreplaceable infill location in the Tampa MSA,” Castillo said.

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

Kristen M. Murphy

Director

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

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.aew.com.

   

HFF arranges $7.2 million financing for repositioning of industrial facility in West Caldwell, NJ

Rendering of planned 670 Passaic Avenue Industrial Facility, West Caldwell, NJ

 

Michael Klein

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $7.2 million in construction bridge financing to reposition 670 Passaic Avenue, a 112,413-square-foot light industrial facility in the Newark suburb of West Caldwell, New Jersey. 

HFF worked on behalf of the borrower, Tulfra Real Estate (Tulfra), to place the three-year, floating-rate bridge loan with Lakeland Bank. 

Proceeds will be used to make capital and tenant improvements to reposition 670 Passaic, which is currently vacant, into a Class A light industrial and technical center building with new tenant entries and architectural glass.  Exterior upgrades include a new roof, loading doors, signage and landscaping. 

Situated on seven acres in West Caldwell, Essex County, 670 Passaic is located within the West Caldwell industrial market, which currently boasts an occupancy rate of 95 percent.  

The property is less than three miles from Routes 80 and 280, the region’s major east-west highways.  Newark Liberty International Airport near New York City and the Port of Newark-Elizabeth are approximately 20 miles southeast of the property. 

The HFF debt placement team representing the borrower was led by director Michael Klein and senior managing director Jon Mikula.

“Because Lakeland Bank quickly understood the market and the borrower’s plans, the bank was able to provide a very flexible loan structure that will enable Tulfra to execute its vision for the property,” Klein said.  “We’re pleased that we were able to work with Tulfra and Lakeland Bank on this transaction, which went smoothly.”

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

Kristen M. Murphy

Director

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

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.tulfra.com.

HFF arranges $135 million refinancing for 700 11th Street NW in Washington, DC

                        700 11th Street, East End submarket, Washington, DC         Photo by Nick Waring

Susan Carras

WASHINGTON, DC – February 1, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $135 million refinancing for 700 11th Street NW, a 301,774-square-foot, trophy office building in Washington, D.C.’s East End submarket.

HFF worked on behalf of the borrower, a partnership between an affiliate of Hines Interests Limited Partnership and a pension fund advised by Sarofim Realty Advisors, to secure the 10-year, fixed-rate loan provided by Allianz Real Estate of America, LLC. 

700 11th Street NW is situated on a .86-acre site bounded by 11th, G and 12th Streets, directly above the Metro Center Metrorail station providing connectivity to the Red, Orange, Blue and Silver Metrorail lines. 

This East End location is one block from the CityCenterDC mixed-use development, two blocks from the Walter E. Washington Convention Center and the new Marriott Marquis Hotel and four blocks from the White House. 

The property is fully leased to law firm, Williams & Connolly, which operates its global headquarters from the building.  Cosi occupies the retail space on the ground floor level.  700 11th Street NW features a two-story lobby with a central rotunda, Italian marble floors and mahogany walls as well as a five-level, 324-space underground parking garage.

HFF’s team was led by Susan Carras, Walter Coker and Brian Crivella.

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

Kristen M. Murphy

Director

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

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.hines.com

HFF arranges $13.35 million financing for St. Louis Place in St. Louis, MO

Matthew Schoenfeldt

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $13.35 million in financing for St. Louis Place, a 20-story, 337,088-square-foot, Class A office building in downtown St. Louis, Missouri.

Working on behalf of Mariner Real Estate Management, HFF placed the five-year, floating-rate loan with Bank Midwest, a division of NBH Bank.  Loan proceeds were used to acquire the property and fund future capital improvements. 

  

St. Louis Place is located at 200 North Broadway immediately east of Interstate 44 and immediately north of Interstates 64 and 55, which intersect downtown and connect the city to the local suburbs and neighboring metropolitan areas of Chicago, Louisville, Kansas City, Indianapolis and Nashville. 

The property is 63 percent leased to 12 tenants including Fleishman-Hillard, the General Services Administration (GSA) and Peckham Guyton, Albers & Viets (PGAV Architects).  St. Louis Place features five levels of parking on floors two through six totaling 309 stalls and views of the Gateway Arch and Bush Stadium, which is home to the St. Louis Cardinals baseball team.

The HFF debt placement team representing the borrower was led by managing directors Matthew Schoenfeldt and Brock Cannon.

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

Kristen M. Murphy

Director

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

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.mariner-re.com.

HFF arranges $61 million refinancing for four-property retail portfolio in Illinois, Indiana and the Carolinas

Merchant’s Village  Shopping Center, 520 Folly Beach Road, Charleston, SC

 

Jim Cadranell

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $61 million refinancing for a four-property portfolio of grocery-anchored shopping centers totaling 542,683 square feet in Illinois, Indiana, North Carolina and South Carolina.

HFF worked on behalf of the borrower, a co-investment partnership between Regency Centers, LP and Global Retail Investors, LLC (a joint venture between CalPERS and First Washington Realty, Inc.), to place four separate 10-year, fixed-rate, interest-only loans totaling $61 million with Sentinel Asset Management.  Loan proceeds are being used to refinance existing debt.

The shopping centers included in the portfolio are: Civic Center Plaza at 7801 North Waukegan Road in Niles, Illinois; Willow Lake West at 2902 West 86th Street in Indianapolis, Indiana; Merchant’s Village at 520 Folly Beach Road in Charleston, South Carolina; and The Shoppes of Kildaire at 1394 Kildaire Farm Road in Cary, North Carolina.  The portfolio is 97.8 percent leased to a total of 73 tenants, including Trader Joe’s, Publix, Super H-Mart, Home Depot, Staples, Starbucks, Panera Bread and Pier 1 Imports. 

The HFF debt placement team representing the borrower was led by senior managing director Jim Cadranell.

“It was a pleasure to work with the Regency team to find the most competitive financing in the market for these shopping centers,” Cadranell said.  “Sentinel Asset Management is a new capital source for Regency, so both lender and borrower are pleased with the outcome.”

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

Kristen M. Murphy

Director

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

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.regencycenters.com.

HFF arranges construction loan and preferred equity for development of Class A office building on Long Island, NY

  

Rendering of planned 3400 New Hyde Park Road Office Building,
North Hills Neighborhood, Long Island, NY

 

Michael Gigliotti

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a construction loan and preferred equity for the development of 3400 New Hyde Park Road, a to-be-built, 232,917-square-foot, Class A office building in Long Island’s North Hills, New York.

HFF worked on behalf of the borrower, a partnership between TRITEC Real Estate Company (TRITEC) and Castagna Realty Co., Inc. (Castagna), to secure the construction loan through U.S. Bank.  In addition, HFF secured additional capital for the borrower from iStar, Inc. in the form of partnership preferred equity.   

The four-story building will be the headquarters for Dealertrack, a provider of integrated web-based tools, services and technologies for automotive retailers and lenders. 

Spector Group and Combined Resources Consulting and Design, Inc. are designing the building with many sustainable design elements.  

Set for completion in 2017, 3400 New Hyde Park Road will be situated on 9.73 acres at the border of Queens and Nassau County near New York City.  The property will have surface parking spaces with a parking lot accessible via exit ramps from both the Long Island Expressway (LIE) and the Northern State Parkway. 

The HFF team was led by managing director Michael Gigliotti and senior managing director Andrew Scandalios.

“The location in Nassau County must be considered among the best office locations on all of Long Island,” Gigliotti said.  “Direct access to both the LIE and the Northern State Parkway is unprecedented and was one of the main factors that drove the tenant and, ultimately, the lender to TRITEC and Castagna’s property.”

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

Kristen M. Murphy

Director

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

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.istar.com.

www.castagnarealty.com.

www.tritecre.com

 TRITEC on Twitter at @TRITEC_RE

HFF arranges joint venture equity for 2nd & Pike in downtown Seattle, WA

Rendering of planned 2nd & Pike Apartments,
 1430 Second Avenue, Pike Pine Corridor,
Downtown Seattle, WA

Gerry Rohm

SAN FRANCISCO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged joint venture equity for the development of 2nd & Pike, a 39-story, Class A+ luxury residential apartment tower in downtown Seattle’s Pike/Pine corridor.

HFF worked on behalf the developer, Urban Visions, one of Seattle’s leading real estate companies, to arrange the joint venture equity partnership with Mitsui Fudosan America, Inc. (MFA), the U.S. subsidiary of Japan’s largest public real estate company. 

2nd & Pike is prominently situated on a 0.44-acre site at 1430 Second Avenue approximately one block from Pike Place Market and three blocks from Seattle’s most traveled transit hub, Westlake Station. 

Having broken ground in late 2015, this iconic tower is due for completion in December 2017.  The property will have 340 luxury apartment units averaging 985 square feet each; 11,910 square feet of prime retail space; and five levels of below-grade parking. 

The tower, designed by Tom Kundig of renowned Seattle-based Olson Kundig Architects, will offer unobstructed views of Seattle’s bay, luxury finishes and amenities including concierge service, a fitness center, private dining/conference facilities, rooftop lounge space, resident lounge with full kitchen and an eighth-floor, 6,000-square-foot destination sky bar.

Bruce Ganong

The HFF team representing Urban Visions was led by senior managing directors Gerry Rohm, Bruce Ganong and Nick Kucha and managing director Mark Erland.

“The development of 2nd & Pike represents our desire to build the premier luxury residential tower in Seattle based on the most cutting edge principles in environmental design and sustainability,” said Greg Smith, CEO of Urban Visions.  “This property embodies our company’s philosophy of building and managing generational assets for both our own and our partners’ portfolios.”

“Our longtime strategy has been to form relationships with proven, local partners who share similar long-term views and passion for developing best-in-class assets,” said John Westerfield, CEO of MFA.

 "HFF played an integral role in bringing together two firms with shared values, and we are pleased to be in partnership with Urban Visions in developing this superior, luxury residential tower located in one of the most sought-after locations in Seattle.”

“2nd & Pike has always been regarded as one of Seattle’s premier CBD intersections and the development of this iconic tower is leading the transformation of the 2nd Avenue corridor to become one of the most desirable neighborhoods in Seattle.  We are very pleased to have been retained by Urban Visions to source the equity capital for the development of this landmark tower,” said Rohm.

  

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.urbanvisions.com.

Lincoln Property Co. Arranges 27,551-Square-Foot Lease in Lawrenceville, GA

 

Hunter Henritze

ATLANTA, GA – Lincoln Property Company (Lincoln) has arranged a new 27,551-square-foot lease for Lendmark Financial at Huntcrest III, an office building located at 1735 North Brown Road in Lawrenceville, Georgia.

Matt Davis, Hunter Henritze and Michael Howell of Lincoln represented the landlord in the transaction.

                                                                   “The deep amenity pool, which includes Sugarloaf County Club, contributes to Sugarloaf office market’s ability to attract quality companies like Lendmark,” Davis said. “The Sugarloaf micro-market has historically been one of the tightest in Atlanta and is currently 95 percent leased.” 

Huntcrest III is highly visible from I-85 with access from Sugarloaf Parkway and Old Peachtree.The building offers immediate proximity to Gwinnett Civic Center, multiple hotels, Sugarloaf Mills, Lifetime Fitness and the Mall of Georgia.

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

Savannah Durban,

The Wilbert Group

404.343.0870           

sdurban@thewilbertgroup.com

                                                                                                                             

Legacy Ventures, a Leader in Downtown Atlanta’s Westside Redevelopment, Poised For Growth and Innovation in 2016

  

 

David Marvin

 ATLANTA, GA  -- Legacy Ventures is the new name for David Marvin’s triad of companies influential in the re-development of the Westside of downtown Atlanta.

The formation of Legacy Ventures was recently announced by Marvin and includes Legacy Property Group, Legacy Restaurant Partners and Legacy Hotel Partners. 

Collectively the three companies have grown to include more than 1,000 employees and supports two dozen hotels and restaurants throughout the southeast.

“The name change to Legacy Ventures and the creation of one parent entity for our three companies is a reflection of how our integrated business model is a game changer for the hospitality and food service industries,” said Marvin, president and founder of Legacy Ventures.

“We started 20 years ago as developers with a real belief in the resurgence of downtown Atlanta when few others could envision successful growth. What we have learned over the past two decades is the close connection between development and operations. Just because you build it, doesn’t mean they will come.

“Success requires innovation, and for us that meant rethinking the traditional model for development and extending it to operating hotels, as well as the creation and management of our own restaurants,” added Marvin.

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

Savannah Durban,

The Wilbert Group

404.343.0870

                                                                                                                                       sdurban@thewilbertgroup.com

CBRE Hotels’ Americas Research Estimates Airbnb Users Spent $2.4 Billion on Lodging in the U.S. Over Past Year

R. Mark Woodworth

Los Angeles, CA – Airbnb’s presence in key markets throughout the U.S. is growing at a rapid pace, with users spending $2.4 billion on lodging in the U.S. over the past year, according to analysis from CBRE Hotels’ Americas Research.

Over the study period of October 2014 – September 2015, more than 55 percent of the $2.4 billion generated was captured in only five U.S. cities (New York, Los Angeles, San Francisco, Miami and Boston), represents a significant portion of the lodging revenues in these markets.

“It seems reasonable that Airbnb will impact hotels in two ways,” said R. Mark Woodworth, senior managing director of CBRE Hotels.

“For existing hotels, the growth of average daily rates will most likely be curtailed. The fluid nature of Airbnb’s supply suggests that traditional hotel’s historic price premiums realized during peak demand periods will be mitigated.

“The other impact may be on new hotel construction.  Airbnb may be an impediment to traditional hotel construction and could reduce traditional hotel supply growth in many markets.”

CBRE Hotels compiled select information for hundreds of U.S. markets to assess the relevancy of this sharing platform to the traditional hotel industry. From this data, the firm has developed an Airbnb Competition Index. 

This measure incorporates a comparison of Airbnb’s  Average Daily Room rates (ADR) to traditional hotel ADR’s; the scale of the active Airbnb inventory in a market to the supply of traditional hotels, and the overall growth of active Airbnb supply in that market, into a measure of potential risk. 

New York was identified as the number one domestic market at risk from the growth of Airbnb, with an Airbnb Competition Index of 81.4, followed by San Francisco, Miami, Oakland and Oahu.

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

Robert McGrath                       

212 984 8267

robert.mcgrath@cbre.com

       

U.S. Home Sellers in 2015 Realized Biggest Price Gains Since 2007, According to RealtyTrac Year-End Sales Report

Daren Blomquist

IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, released its Year-End 2015 U.S. Home Sales Report, which shows that U.S. home sellers in 2015 realized an average price gain since purchase of 11 percent ($20,378), the biggest average price gain for U.S. home sellers since 2007 — an eight-year high.

The 11 percent average price gain in 2015 marked the second consecutive year where U.S. home sellers realized an average price gain following six consecutive years where U.S. home sellers realized average price losses.

“With some local market exceptions, the 2015 home sales data paints the picture of a properly functioning U.S. housing market where homeowners can once again count on real estate as an appreciating asset — a long-touted axiom soundly debunked as ironclad truth between 2008 and 2013,” said Daren Blomquist, vice president at RealtyTrac.

“This return to consistent home price gains for sellers should reinforce confidence in real estate in 2016 and produce another year of solid sales volume as homeowners cash out their equity gains.”

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

Jennifer von Pohlmann

Sr. Data PR Manager

Office: 949.502.8300 ext 139

jennifer.vonpohlmann@realtytrac.com

UK-Based Software Company Opens First U.S. Office in Downtown Winter Haven, FL

Bud Strang

Winter Haven, FL — Avius has expanded its UK operations to the United States with the opening of its Downtown Winter Haven, Florida office.  The U.S. operation will operate as Avius America LLC.

The company offers highly intuitive, scalable technology platforms for businesses to gather customer feedback. Avius signed a three-year lease at Suites on Central located at 331 W. Central Avenue. Six/Ten, LLC, completed the deal as landlord.

Avius America CEO, Ben Story, said the company decided to open the office in Winter Haven because of the city’s location to LEGOLAND and proximity to Tampa and Orlando. While the company is based in the UK, having an East Coast U.S. office was always the plan, in order to better serve its clients here.

  

“After looking at a number of locations, Downtown Winter Haven was the natural choice for many reasons,” said Story. “Having my legal representation, CPA and other business services within walking distance makes doing business simple. The city also has several resources to help businesses grow. For example, the Winter Haven Chamber of Commerce already introduced me to a client we’re in final negotiations with.”

Ben Story

“Our work-live-play vision of the downtown region is proving effective as we see more and more local, national and now international businesses relocating or expanding to the area,” said Bud Strang, Six/Ten’s CEO.

Central Park Square, which houses Suites on Central, was once a dilapidated furniture store that Six/Ten   transformed into retail and office space. 

Renovations include modernization of the exterior façade; a new design and color scheme; dramatic, new layouts of both floors; and complete updates to the plumbing, air conditioning, electrical and elevator systems. The building also offers advanced fiber optics for fast and secure Internet and telecom access.

For more information about retail and office space opportunities in Downtown Winter Haven, please contact Chad Lennox, Leasing Director at Six/Ten, at (863) 595-0237.

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

Michelle Griffith

BoardroomPR

407-973-8555

mgriffith@boardroompr.com

NAI Realvest Negotiates New Flex Lease for 6,166 Square Feet at Sunport Commerce Center in Orlando, FL

George Livingston

ORLANDO, FL -- NAI Realvest recently negotiated a new lease for 6,166 rentable square feet of flex space at 8018 Sunport Drive, Suite 201-202, in Sunport Commerce Center off Sand Lake Road near Orlando International Airport.  

      

NAI Realvest broker associate Drew Saphos, CCIM and chairman George Livingston negotiated the transaction representing the landlord, Miami-based Orlando Sunport FlexxSpace Ltd. 

The tenant, Abraham Financial Solutions, is a growing financial firm that was represented in negotiations by Alicia Hernandes of Sunny 365 Realty Group.

The Sunport Commerce Center is currently 89 percent leased.

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

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