NAI Realvest Negotiates Two Leases at County Line Suites in West Orange County, FL

 

Michael Heidrich

ORLANDO, Fla. – NAI Realvest recently completed two lease agreements for a total of 4,800 square feet of industrial space at Countyline Suites, 940 W. Oakland Ave., Oakland, Fla. in West Orange County.

Michael Heidrich, a principal at NAI Realvest and Associate Patty Nolff negotiated the leases – each for 2,400 rentable square feet – on behalf of the Landlord Countyline Suites LLC.   

 The local tenants are Beyond Components of Florida, LLC and Living Stones Worship Center, Inc.  

     

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

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

Hold-Thyssen Negotiates Six Five-Year Leases for more than 27,300 square feet at Silver Star Shopping Center in Orlando, FL

Alex Rowlinson

 WINTER PARK --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated six lease renewals, all with five-year terms, for a total of 27,330 rentable square feet at Silver Star Shopping Center located at 5218 Silver Star Rd.

Hold-Thyssen leasing associate Alex Rowlinson negotiated all of the transactions representing the landlord at the shopping center.

 Adventure Learning Academy, Inc. renewed a lease for 13,177 square feet, Star Banquet Hall renewed 5,054 square feet, Salem Advent Church, 4,164 square feet; 

Charity & Love, a social services organization, 1,882 square feet; God’s Church of Deliverance International, Inc., 1,756 square feet and WIC Store, the federally  funded nutrition program for women, infants and children, renewed its lease for 1,297 square feet.

Rowlinson also negotiated two-year lease renewals with New Hope Covenant Community Church, Inc. for 1,849 square feet and Yours, Mine and Beauty, 1,092 square feet. 

 The 150,121 square foot Silver Star Shopping Center is 49 percent leased.

    

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

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

NAI Realvest brings Yoga University to Westmonte Plaza in Altamonte Springs, FL

Kimberly Manson

ORLANDO, FL– NAI Realvest recently brokered lease transaction at Westmonte Plaza, 185 S. Westmonte Drive, just south of SR 436 in Altamonte Springs.     

Kim Manson, director of retail and investment sales at NAI Realvest and Jeffrey Tanner, senior vice president of investment sales and leasing negotiated the lease representing both the tenant and the landlord.

Yoga University of Florida LLC, which will train yoga instructors, leased 2,400 square feet in suites 1202-1206 at the professional office / retail center.

    

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

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

Meet Me in the Middle: JLL Phoenix Predicts the Continued Rise of Mid-Size Industrial

Pat Harlan

PHOENIX, AZ – Mid-size users are dominating the Phoenix industrial market, and the construction sector has a heavy hand in that success, says the Phoenix office of JLL. According to the brokerage firm, much of the 5.8 million square feet of industrial space absorbed in the Valley in 2015 went to mid-size users – tenants occupying somewhere between 10,000 and 50,000 square feet.

In this 12-month period, JLL closed 52 mid-size transactions totalling more than 1.27 million square feet. Of that activity, 28.8 percent was with construction-related companies.

“We should be paying a lot of attention to the wants and needs of mid-size industrial users, and to the metered recovery of the construction industry,” said JLL Executive Vice President Pat Harlan. “These are driving forces that are balancing out our market, so that no one factor dominates. It’s creating a very healthy outlook for the balance of the year.”

According to the Arizona Department of Administration, the construction/specialty trades sector had the biggest year-over-year job growth increase in 2015, adding 6,300 new jobs for a gain of 10.5 percent over 2014.

“We’ve been waiting for healing to begin in the Phoenix construction market, and it’s finally here,” said Harlan.

Just some of the construction-related, mid-size deals closed in metro Phoenix by JLL in 2015 are:

Steve Larsen

·     Superior Pool Products at 955 N. Fiesta Blvd. in Gilbert for 47,969 square feet

·     Diamond Kitchen at West 10 Business Center in Phoenix for 34,733 square feet

·     Door Works at 2605 W. 1st St. in Tempe for 43,690 square feet

·     EcoFasten Solar at 4741 W. Polk St. in Phoenix for 49,975 square feet

·     Trane at 10115 W. Van Buren St. in Phoenix for 37,332 square feet

·     Vivint Solar at 5446 W. Roosevelt St. in Tolleson for 25,964 square feet

“We’re seeing our clients – at projects like Airport I-10, Park Lucero and AZ|60 – actively respond to mid-size tenant demand,” said JLL Vice President Steve Larsen.

“They are building projects to accommodate the large users that Phoenix will always attract, but they’re making sure that these spaces can also be easily divided to serve those needing sub-50,000 square feet. Based on the trends we’re seeing, it’s a wise strategy.”

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

Stacey Hershauer

 Phone:  +1 480 600 0195

 Email:  stacey@focusaz.com

First Ultra Luxury Apartment Building on Lincoln Avenue in Chicago, IL Begins Construction, ELEVATE Lincoln Park to Deliver Summer 2017

Aaron Galvin

 CHICAGO, IL (March 15, 2016) – A once proud stretch of Lincoln Avenue in Lincoln Park will be undergoing a transformation this March as Baker Development Corporation demolishes the old Lincoln Centre complex and begins construction on ELEVATE Lincoln Park – a mixed-use 191- unit luxury apartment building in the heart of Lincoln Park.

“Lincoln Avenue is the center of Lincoln Park and deserves an elegant building that will be the catalyst for restoring this portion of Lincoln Avenue to its original glory,” said Aaron Galvin of Luxury Living Chicago Realty, the exclusive leasing brokerage for ELEVATE Lincoln Park.

“As the neighborhood’s first Class “A” luxury apartment building, ELEVATE will offer upscale finishes and high-end amenities that will rival other luxury apartments in Chicago.

“ELEVATE is located just a few steps from iconic neighborhood entertainment venues such as the Apollo Theater, Victory Gardens Theater and the Lincoln Hall as well as the convenience of being two short blocks to the CTA’s Fullerton Avenue train station.”

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

Kelly Shumaker, kshumaker@taylorjohnson.com, 312-267-4519

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

Waterton Grows National Operations Team with Two Senior Executives; Lela Cirjakovic promoted to executive vice president; Scott Ferguson joins firm as assistant vice president

Lela Cirjakovic

CHICAGO, IL (March 15, 2016) – Waterton, a U.S. real estate investor and operator, today announced it has promoted Lela Cirjakovic to executive vice president, operations, with responsibility for the firm’s national multifamily operations team of more than 500 site-level associates.

 In addition, veteran real estate professional Scott Ferguson has joined the firm as assistant vice president, regional operations, overseeing its multifamily properties in Chicago and the western United States.

“As we merge our multifamily and hospitality platforms and look to leverage synergies between the two, we’re simultaneously bringing on new talent and promoting from within to streamline operations and create a more cohesive brand across our entire portfolio,” said David Schwartz, co-founder and CEO of Waterton.

“With more than 30 years of experience between them, Lela and Scott understand the highly personalized, fully amenitized lifestyle that today’s renters are looking for – and, more importantly, how to deliver on those high expectations.”

Scott Ferguson

Cirjakovic most recently served as senior vice president, operations, at Waterton, overseeing nearly 10,000 rental units in the Midwestern and Eastern regions. Prior to joining the company in 2006, she served as regional manager at Chicago-based CAMCO Inc., overseeing the company’s Midwest operations.

A graduate of Loyola University, Cirjakovic previously managed eight properties in four states for Midland Property Management and also worked as an asset manager for the Illinois Housing Development Authority, where she was responsible for a 20-property portfolio comprising more than 3,500 units.

Ferguson joins Waterton from The Related Companies, where as district manager he directed the lease-up of two newly developed luxury apartment towers in downtown Chicago and managed a portfolio of high-end condominiums in the South Loop.

In his new role, he will oversee the on-site operation teams at Presidential Towers, Chicago’s largest rental community with 2,346 apartments, as well as Waterton’s three other multifamily properties in Chicago: Pensacola Place, in Uptown; One East Delaware, in Streeterville; and River North Park, in River North.

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

USAA Real Estate Company and HSA PrimeCare Announce Joint Venture to Acquire and Develop Healthcare-Sector Properties in the Midwest

John Wilson

 SAN ANTONIO, TX and CHICAGO, IL — USAA Real Estate Company ("USAA RealCo") and HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, announced the formation of a joint venture to acquire and develop outpatient healthcare real estate assets across 11 states throughout the Midwest.

 Together with this announcement, the new joint venture also made its first acquisition, of a 97,375-square-foot portfolio of medical office assets located in northwest Indiana and Tinley Park, Ill., a southwest suburb of Chicago.

The newly formed equity fund is positioned to acquire and/or develop a broad range of healthcare real estate such as medical office buildings, cancer centers, ambulatory surgery centers, medical wellness centers and other specialty centers.

 HSA PrimeCare, a leading developer and manager of medical office buildings in the Midwest, will provide investment analysis, development, leasing and property management services to the newly formed partnership.

Executive leadership of HSA PrimeCare and HSA Commercial who will collectively lead this venture include Bob Smietana, Dan Miranda and John Wilson.

"We are extremely proud to be forming this new venture with USAA Real Estate Company,” said John Wilson, president of HSA PrimeCare.

“USAA RealCo's unparalleled reputation, coupled with its exceptional depth of resources and commitment to healthcare real estate, will combine with our own expertise and local knowledge to create a preferred provider of real estate solutions for healthcare providers."

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

Proper Title, LLC Expands Chicago Office, Opens New Title Insurance Headquarters

                   

Ben Niernberg

CHICAGO, IL  — Northbrook, Ill.-based Proper Title, LLC, a full-service title insurance agency, announced the expansion of its Chicago office at 180 North LaSalle, and grand opening of a new headquarters at 1530 East Dundee Road in Palatine, Ill., later this month.

This expansion is in response to the firm’s exponential growth since its inception in 2013, including an increase in transaction volume of 400 percent and revenue by 420 percent. Proper Title was also recently ranked the second-largest title insurance agency in Illinois.

“Proper Title has experienced tremendous growth over the past three years, where we essentially started from scratch and moved to the top-two position in Illinois,” said Ben Niernberg, executive vice president of business development and operations at Proper Title.

“Our team is constantly looking to elevate the title insurance industry, and that commitment has directly translated into our firm’s upward trajectory.” 

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

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

www.propertitle.com.

Crossman & Co. Selected to Lease and Manage City Lake Pointe on International Drive in Orlando, FL

Christie Alexander

Orlando, Fla. --- Crossman & Company, one of the largest retail leasing, property management and investment sales firms in the Southeast, has been named exclusive broker to lease and manage City Lake Pointe, a 60,000 square foot, mixed-use property located on International Drive.

Christie Alexander, director of brokerage services, and Thomas Bolen, business development specialist, are responsible for leasing on-site retail, restaurant, and office space.

City Lake Pointe, the home of Orlando attraction “Escapology,” fronts on International Drive, and is surrounded by 17+ multi-family properties, resorts, and timeshare complexes with more than 7,500 residential units in the immediate area, and growing. City Lake Pointe is just two miles from SeaWorld and three miles from the Orange County Convention Center.

“City Lake Pointe’s location in the tourist corridor is ideal, with a customer base of permanent residents as well as visitors,” Alexander said.

 “With more than 62 million visitors coming to Orlando this year, City Lake Pointe is well-positioned to provide retail, office and service establishments a high-profile location from which to do business.”

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

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

NAI Realvest Negotiates New Lease for Florida Business Interiors at Central Florida Industrial Park in Sanford, FL

  

Paul Partyka

ORLANDO, FL – NAI Realvest recently negotiated a new lease agreement for 10,500 square feet of warehouse /distribution space at 400 Central Park Drive in the Central Florida Industrial Park in Sanford off of SR 46. 

NAI Realvest Partner Paul P. Partyka and Associate Juan Jimenez negotiated the transaction representing the tenant Sanford-based Florida Business Interiors, Inc. a full service provider of office interior furnishings and solutions with offices in Lake Mary. 

The landlord Taylor Distributing of Lake Monroe, Fla. was represented by David Hammett of CBRE Advisors LLC.

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

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

NAI Realvest Negotiates New Leases for warehouse / flex space -- 5,000 square feet in Fern Park, FL and 21,800 Square Feet in Sanford, FL

Patty Nolff

MAITLAND, Fla. – NAI Realvest recently negotiated a two lease agreements for office-warehouse space totaling 26,800 rentable square feet in Fern Park and Sanford.  

Paul P. Partyka, partner and associate Juan Jimenez, negotiated a lease for the 5,000 square foot free-standing building at 244 O’Brien Rd. in Fern Park representing the Oviedo-based landlord, Lawrence W. Carroll, Jr. Family Trust.      Precision Door Service of Orlando leased the space which includes 2,000 square feet of office space.  Rossiter Commercial Real Estate represented the tenant.

Michael Heidrich, principal at NAI Realvest and Associate Patty Nolff negotiated a lease renewal with Shred-It USA, LLC for the 21,804 square feet it occupies in suites 1000 and 1006 of Monroe CommerCenter North, 4200 Church St.   Heidrich and Nolff represented the landlord The Realty Associates Fund X, LP of Boston.  The tenant was represented by David Murphy of CBRE. 

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

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

NAI Realvest Negotiates New Lease with Brazilian Steakhouse Restaurant at The Fountains at Bay Hill in Southwest Orlando, FL

Kimberly Manson

Jeffrey Tanner

 ORLANDO, FL--- The NAI Realvest broker team of Jeff Tanner and Kim Manson recently negotiated a long-term lease agreement at The Fountains at Bay Hill located at the corner of Sand Lake Road and Dr. Phillips Parkway in Southwest Orlando

Tanner and Manson represented the tenant, Steak on Fire, a fast casual Brazilian steakhouse that leased 2,050 square feet at the upscale retail center.

Drew Forness of Forness Properties represented Landlord Excel Bay Hill LLC of San Diego, Calif.

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

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

Maury L. Carter & Associates Closes $9.75 Million on 2.761 Acres in January 2016

.

Daryl M. Carter (right) with father, Daryl L. Carter

ORLANDO, FL -- Maury L. Carter & Associates, Inc. announces the following recent transactions including over 2,761 acres and $9,750,000 in transactions for the first month of 2016 alone.

Greg Rebman of KR Properties (Orlando) as well as Daryl M. Carter and John Evans of Maury L. Carter & Associates, Inc. represented the seller in the sale of 1,315 acres on SR 219 in Alachua County, Florida. The 1,315 acres were sold to RGS Realty, LLC for $4,850,000 cash. Jay Ziv with Avison Young represented the buyer.

John Evans with Maury L. Carter & Associates, Inc. represented the seller in the sale of approximately 37 acres on CR 558 in Sumter County, Florida. The property was sold to RSM Farms for $185,000 cash.

John Evans

Providence Ranch, LLC sold approximately 1,076 acres on the north side of SR 44 in Sumter County, Florida for $4,500,000 cash. Daryl M. Carter and John Evans with Maury L. Carter & Associates, Inc. handled the transaction.

John Evans with Maury L. Carter & Associates, Inc. represented the seller in the $400,000 sale of approximately 365 acres on Volusian Forest Trail in Volusia County, Florida. There were no other brokers involved in the transaction.

Daryl M. Carter and John Evans with Maury L. Carter & Associates, Inc. represented the seller in the sale of 605 acres on SR 219 in Alachua County, Florida. The 605 acres were sold to North Caledonia Farm, LLC for $1,890,000 cash. Angie Hendricks with ReMax Professionals represented the buyer.

John Evans and Daryl M. Carter with Maury L. Carter & Associates, Inc. represented Deep Creek Ranch, Inc. et al in the $435,000 sale of 105 acres on Lake Winona Rd in Volusia County, Florida. The buyer took title as Asset Preservation, Inc. and Oak Grove Ranch.

Daryl M. Carter, Trustee of Carter-Lake 160 Number 2 Road Land Trust, purchased approximately 160 acres on Number 2 Road in Lake County, Florida. The property was acquired from Karst, Inc. for $800,000 cash.

Greg Rebman

Daryl M. Carter and Scott Crossman with Carter-Crossman Investments, Ltd. purchased .45 acres with a commercial building on Alden Road in Orange County, Florida. The .45 acre parcel was acquired from Douglas Hunter for $1,000,000 cash. Carter-Crossman Investments, Ltd. has multiple holdings in the Lake Ivanhoe/Alden/Brookhaven area.

Daryl M. Carter, Trustee of Carter-Orange 45 SR 429 Land Trust, sold approximately 19 acres on New Independence Pkwy in Orange County, Florida. The 19 acres were sold to Hamlin Retail Partnership West, LLC for $4,641,600 cash. Daryl M. Carter with Maury L. Carter & Associates, Inc. represented the seller, and BTS Realty Corporation represented the buyer.

  

Daryl M. Carter, Trustee of Carter-OCC Land Trust, sold approximately 4.45 acres on the corner of Goldenrod Rd and Hoffner Ave in Orange County, Florida. The property was sold to IP II Orlando, LLC for $1,387,500 cash. Daryl M. Carter with Maury L. Carter & Associates, Inc. and Andy Hawkins with CNL Commercial Real Estate represented the seller.

Daryl M. Carter with Maury L. Carter & Associates, Inc. represented Hartzog Road, LLC in the purchase of approximately 239 acres on Canoe Creek Rd in Osceola County, Florida. The 239 acres were acquired from Lake Gentry Landings, LLC for $3,375,000 cash. Ken Baker with Ken Baker Real Estate, Inc. represented the seller.

Angie Hendricks

John Evans and Daryl M. Carter with Maury L. Carter & Associates, Inc. represented the seller in the sale of 9.6 acres on Avalon Rd in Winter Garden, Florida. The 9.6 acres were sold to Jaffer’s Investment for $712,500 cash. Ashu Luthra with Property Investment Brokers represented the buyer.

 

Michael Bagdonas

Daryl M. Carter of Maury L. Carter & Associates, Inc. sold approximately 6 acres with two commercial buildings on North Orange Ave in Orange County, Florida. The property was sold to B&T Asset Holdings for $5,900,000 cash. Daryl M. Carter with Maury L. Carter & Associates, Inc. and Daniel Brown with 828 Realty represented the seller, and Michael Bagdonas with InVenture Group, LLC represented the buyer.

Since January of 2012, Maury L. Carter & Associates, Inc. has completed over $175,841,464 in transactions on 19,249 acres of land.

Maury L. Carter & Associates, Inc. is an Orlando-based full service commercial real estate firm proficient in commercial real estate investments, asset management, brokerage, and development. The firm's officers combine more than 75 years’ experience in real estate investments and brokerage.

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

Maury L. Carter & Associates, Inc.

3333 S. Orange Avenue, Suite 200, Orlando, FL 32806

407-422-3144

www.maurycarter.com

Chicago's Taylor Johnson Represents Serosun Farms, a New Client Based in Hampshire, IL

                                                           

John DeWald

CHICAGO, IL – Emily Johnson, president of Chicago-based Taylor Johnson announced the public relations and marketing firm now represents Serosun Farms, a revolutionary mixed-use agrihood development born from 400 acres of bucolic farmland in Hampshire, Ill.

 Future home to 114 environmentally kind luxury residences, Serosun Farms is the creation of John DeWald and his sister, Jane Stickland, an equine professional. Together, the siblings have a strong commitment to land preservation, environmental sustainability and slowing the suburban sprawl beginning to encroach on the agriculturally rich region.

Located 50 miles northwest of downtown Chicago, Serosun Farms is, at its core, a farm preservation project with 75 percent of the estate reserved for farming and open space/natural areas. The community embraces the natural beauty and agricultural history of the area while offering residents a host of amenities and lifestyle options in celebration of rural living.

Upon completion, Serosun Farms will offer a variety of interactive amenities including an on-site farmer’s market to give residents a true farm-to-table experience with fresh produce, farm-raised meat and dairy and a variety of specialty items, many of which will be grown on, and harvested from, the farm.

Emily Johnson

Future plans also call for a restaurant/market/artisanal village and a community center with swimming pool, game room and event facilities. Currently, residents have access to an existing equestrian center with stables as well as fully stocked fishing ponds.

 A 5-acre demonstration garden dedicated to specialty vegetables and fruits is also operational and focuses on growing heirloom and heritage varieties, while maintaining the valuable genetic diversity of the crops.

 Eight miles of trails for walking, running or riding, restored woodlands, prairie and wetlands, and regular cultural events round out a healthy place to live, work, learn and grow.

Custom homes at Serosun Farms will offer a wide variety of architectural sensibilities and state-of-the-art sustainable and healthy design elements ranging from geo-thermal heating, cooling and hot water systems to advanced home automation and green roofs.

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

Emily Johnson, president

Taylor Johnson

jgrange@taylorjohnson.com

Trion Properties Launches Debut Fund; Targets $30 Million in equity for $100 Million in Buying Power

Max Sharkansky

Los Angeles, CA – Trion Properties, a Los Angeles-based private equity firm that specializes in value-add multifamily investments, has announced the launch of its first investment fund vehicle.

The fund, which will target $30 million in equity to reach $100 million in buying power, will invest in the acquisition, improvement, and repositioning of undervalued multifamily assets in four core markets, including Los Angeles, San Diego, the Bay Area and Portland, Oregon.

“The time is right to transition from a real estate syndication vehicle to a private equity fund vehicle,” says Max Sharkansky, Managing Partner and Co-Founder of Trion Properties.

“Preqin recently reported that the biggest challenge facing private real estate fund managers in 2016 will be finding attractive investment opportunities.  

"Our firm has a deep pipeline of opportunities that we’ve already identified, and the shift to a private equity fund will allow us to take full advantage of these opportunities as they arise, increasing activity in our target markets.”

Trion Properties has already closed over $100 million in transactions, demonstrating its pipeline and strategic capabilities. To date, the firm has taken 20 properties full cycle, averaging an internal rate of return of 30 percent.

Mitch Paskover

“We knew that launching a first time fund would be extremely competitive, and we had to prove ourselves from the start,” explains Sharkansky. “Our returns to date have done just that.  We started by identifying deals in our niche markets and raised capital from a small pool of investors.

“From there, we executed on our strategy and successfully developed a proven track record that can help us to demonstrate the potential that our platform presents to investors.”

The key to the platform’s success lies in its hyper-narrow focus, according to Mitch Paskover, Managing Partner and Co-Founder of Trion Properties.

“Our unique selling point is our niche strategy. We invest in undermanaged multifamily properties in supply-constrained markets with high barriers to entry,” says Paskover. 

“Because we’re so focused, we bring a deeper expertise in this product type and geography than our competitors.  By staying true to what we do best, we remain poised to deliver extremely strong yields over time.”

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

Katie Kea / Lexi Astfalk

Brower, Miller & Cole

(949) 955-7940

kkea@browermillercole.com