Chicago Title Insurance Co. Expands, Extends Lease at Centerview I in Raleigh, NC

Kaler Walker

RALEIGH, NC — Chicago Title Insurance Co. has extended and expanded its lease by 2,209 square feet at Centerview I, located at 5540 Centerview Drive in Raleigh.

 The company now occupies a total of 4,583 square feet. Kaler Walker and John Mikels of Lincoln Harris’ Raleigh office represented the landlord, True North Management Group, in the transaction, and the tenant Gardner Gibson with Davis Moore and Steve Sharpe with Orion Realty Group represented the tenant.

“Within less than a year of occupancy at Centerview I, Chicago Title Insurance Co. already needed to nearly double its space,” Mikels said. “This is indicative of Raleigh’s thriving business environment, and we are glad Chicago Title Insurance Co. has been happy with their space at Centerview I.”

The landlord recently completed renovations of the building’s common areas, including the addition of new bathrooms.

 A new 3,628-square-foot spec suite on the fourth floor was recently completed as well. The building, located at 5540 Centerview Drive, offers a prime location in West Raleigh with convenient access to Interstate 40.

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

.

Lowes Foods Opens Anchor Store at Morganton Park South in Southern Pines, NC

John Mikels

 RALEIGH, N.C. — Lowes Foods has opened a 50,000-square-foot anchor store at Morganton Park South, a 71,000-square-foot retail center located at 2482 Morganton Road in Southern Pines, North Carolina.

“The store’s grand opening was a huge success, filled with vendors, promotions and fantastic live music,” said John Mikels of Lincoln Harris’ Raleigh office, the leasing agent for the property.

“The store is focusing on stocking its shelves with products from local businesses, which has been very well received by the local community.”

Morganton Park South is part of the 188-acre Morganton Park master-planned community and is the first phase of development, located on the south side of Morganton Road. 

In addition to the 50,000-square-foot Lowes, the first phase of development included 21,000 square feet of additional retail space, 18,438 square feet of which remains available, as well as four outparcels for sale or lease.

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

.

Homes Grand Opening of Gated Community in Dr. Phillips –Ruby Lake – set for Sept. 17 in Orlando, FL

Lyndsey Patterson

ORLANDO, FL --- Pulte Homes will host a grand opening Saturday, Sept. 17, at Ruby Lake, its newest gated community in the Dr. Phillips area offering single-family homes priced from the $400s and resort-style amenities.

Lyndsey Patterson, Director of Marketing for Pulte’s North Florida division, said

the event is open to the public from 1 to 3 p.m. with food, refreshments, live music and crafts for the kids included in the festivities along with tours of two model homes – the Siena and the Pompeii with Loft.

Ruby Lake Clubhouse, Orlando, FL

 Located off of Palm Parkway in the Dr. Phillips area, Ruby Lake is accessible to highly rated Dr. Phillips schools.  

It sits in close proximity to all of Orlando’s major attractions and is a five-minute drive to “Restaurant Row” on Sand Lake Rd.

Among the community’s 236 home sites, nearly 100 of them come with breathtaking waterfront living and views of picturesque Ruby Lake. 

Patterson said nine one and two-story home designs are offered at Ruby Lake ranging from more than 1,900 square feet to over 5,000 square feet of living area with from three to seven bedrooms, two-and-a-half to six-and-a-half baths with two and three car garages. 

Visit http://pulte.com/RubyLake

 or call 877-792-1144 for more information.

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

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

Stepp Commercial Completes Sale of Value-Add Apartment Property with 100% Rental Upside in Santa Monica, CA

                                                                    

Kimberly Roberts Stepp

                                              Santa Monica, CA,  Aug. 30, 2016 – Stepp Commercial, a leading multifamily brokerage firm in the Santa Monica market, has completed the $2 million sale of a fully occupied six-unit apartment property located at 1937 17th Street in Santa Monica. 

Kimberly Roberts Stepp, principal, and Aynsley Armbrust, vice president, with Stepp Commercial, represented the seller, a private investor from Los Angeles. 

Stepp also represented the buyer, Pasadena-based Downstream Exchange Company. The transaction closed at a very low cap rate of 2.6 percent and the price per unit was $333,000. 

“This property offers the buyer a huge value-add opportunity to renovate the asset and increase rents by 100 percent, bringing them to market rate as vacancies occur,” said Stepp. 

“We garnered a strong amount of interest in this property with a total of eight offers, and closed at one of the lowest cap rates in the market to date for comparable apartment deals in the area.”

Built in 1948 and 1960, the two-building property consists of five two-bedroom units and one three-bedroom unit. Some of the units have private patios and formal dining rooms. 

The well-located asset is one-quarter mile from the new 17th Street/Colorado Blvd. Metro Expo Line station and is just one block from Santa Monica Community College. 

 Stepp Commercial is a brokerage firm specializing in the multifamily sector for properties ranging in size from $1 million to $50 million.

Aynsley Armbrust

Stepp Commercial’s mission is to provide apartment owners with a fully integrated sales platform that includes comprehensive market knowledge and local real estate expertise to successfully complete any type of multifamily transaction.

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

Darcie Giacchetto

949.278.6224

www.teamstepp.com

Marcus & Millichap Brokers $8.57 Million Sale of Ridgestone Apartments in Hudson, FL

Frances P. Carriera

HUDSON, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Ridgestone Apartments, a 112,552-square foot multifamily community in Hudson, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $8,570,000.

Francesco P. Carriera and Michael P. Regan, both first vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Carriera and Regan.

“The buyer saw an opportunity that was more attractive than those in South Florida for an equal quality product of similar vintage,” says Carriera. “The buyer plans to add value by implementing an interior renovation program.”

Ridgestone Apartments is 136-unit multifamily community located at 12429 Little Road in Hudson, Florida, which is in Pasco County.  The property consists of eight, two-story residential buildings and a single-story building that serves as the clubhouse, leasing office, business center and fitness center.

The residential buildings are comprised of 64 one-bedroom/one-bathroom units with 761 rentable square feet, 16 two-bedroom/one-bathroom units with 802 rentable square feet and 56 two-bedroom/two-bathroom units ranging from 902 to 965 rentable square feet.

The buildings sit on an approximately 26.67 acre parcel of land, and amenities include washer and dryer connections in all two-bedroom units, on-site laundry facility, fitness center, business center, clubhouse and a resort-style pool.

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

Ari Ravi

Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges $4.15 Million Sale of Two Miami, FL Apartment Buildings

Arthur D. Porosoff

MIAMI, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 500 NE 78th Street and 522 NE 78th Street, two apartment properties located south of the affluent waterfront community of Miami Shores. The 43-unit portfolio sold $4,150,000.

            “Across the street from the redevelopment of the Immigration building, these properties offered an excellent opportunity for investors to acquire a multifamily property with upside income potential by re-purposing the buildings and increasing its rents,” says Vicente Rodriguez, associate in Marcus & Millichap.

The buyer, a limited liability company, was secured and represented by Rodriguez and Arthur D. Porosoff, vice president investments in Marcus & Millichap’s Miami office.

500 NE 78th Street consists of one two-bedroom/one-bathroom unit, seven one-bedroom/one-bath units, 14 studios and one efficiency. 522 NE 78th Street consists of three, two-story buildings with 20 one-bedroom/one-bathroom units. In total, the buildings offer approximately 19,526 rentable square feet.

On the opposite side of 79th Street the Triton Center, formerly Immigration Tower, is being revitalized into a Hilton Garden Inn with 325 apartment suites and approximately 25,000-square feet of rentable commercial space. Popular areas surrounding the assets include Aventura, Miami Shores, and the Design District.

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

Kirk A. Felici

First Vice President/Regional Manager

 Miami, FL

(786) 522-7000

Stirling Development Names Andrea Wachter as Marketing and Transaction Coordinator

Andrea Wachter

 FOOTHILL RANCH, CA (Aug. 29, 2016) – Stirling Development announced it has named Andrea Wachter as Marketing and Transaction Coordinator.

 In this role, Wachter will support transactions and marketing-related activities for Stirling’s development projects including Southern California Logistics Centre (SCLC) in Victorville and Ocean Ranch in Oceanside.

Her responsibilities will include due diligence, escrow and title coordination for land and property developments, as well as lease coordination for new tenants.

She will also be responsible for marketing and public relations outreach, government and community affairs, and will act as a liaison with brokers, tenants and other strategic partners.

“We’ve experienced tremendous activity and success at both SCLC and Ocean Ranch driving even more demand for quality team members such as Andrea,” said Dougall Agan, President and Chief Executive Officer of Stirling.

“Not only is she an important addition as we build an even greater presence in strategic Southern California industrial markets, but Andrea will help to lead our outreach and communications effort so we can be an even more proactive part of the communities we serve.”

Wachter comes to Stirling from the Black Creek Capital family of companies, where she was Operations Coordinator for the Western Region at Industrial Income Trust (which was recently acquired by GLP) and Industrial Property Trust.

Dougall Agan

Wachter worked directly with the Senior Vice President and Regional Vice President of Development assisting with contract administration, and she also worked with the Regional Vice President of Asset Management coordinating lease transactions, property marketing and event planning. Prior to that, Wachter served at Capital Pacific Holdings and Crown Realty and Development.

Wachter holds a bachelor’s degree from California State University, Fullerton (CSUF) in Psychology and is currently completing her thesis for a Masters of Arts degree in Psychology from CSUF. 

She is a certified mediator and has volunteered more than 200 hours of mediation services through the non-profit organization OC Human Relations.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

 www.globalaccessvictorville.com.

JLL completes $56.2 million sale of Goodyear Crossing II

Goodyear Crossing II, Goodyear, AZ

Bo Mills

PHOENIX, AZ  – As investment grade tenants continue to see the value of locating in Phoenix, investors are seeking out the market’s high-quality industrial assets. 

On behalf of Gramercy Property Trust, JLL’s Capital Markets experts announced the firm facilitated the sale of Goodyear Crossing II, an 820,384-square-foot, Class A fulfilment center in Goodyear, Arizona.

Hines purchased the fully leased asset for $56.2 million.

Managing Directors Bo Mills and Mark Detmer led the JLL team on the sale.

“The Phoenix industrial market is in the early stages of recovery, making assets in this market a very sound investment,” said Mills. “Goodyear Crossing II is a high-quality asset with investment grade tenancy and is a tremendous addition to Hines’s portfolio.”

Goodyear Crossing II features a 30-foot clear height, 268 spaces for trailer parking, 178 dock-high doors and is fully air conditioned. 

The building also features 15,000 square feet of office space and is easily demisable to accommodate multiple tenants. Goodyear Crossing II’s proximity to the I-10 Freeway and Loop 101 offer access to major markets in the Southwest, California and Phoenix metropolitan area, respectively.

Mark Detmer

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients —   whether a sale, financing, repositioning, advisory or recapitalization execution.

In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital   Markets team comprises more than 2,000 specialists, operating all over the globe.

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

Stacey Hershauer

 Phone:

 +1 480 600 0195

 Email:

 stacey@focusaz.com

 www.jll.com.

http://bit.ly/18P2tkv.

 www.gptreit.com

 or contact Investor Relations at 212-297-1000.

HFF arranges $15 million financing for 67-unit apartment community in Los Angeles, CA

HoM @ West Temple Apartments, Silver Lake Neighborhood, Los Angeles, CA

LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $15 million in financing for HoM @ West Temple, a 67-unit, Class A apartment community in Los Angeles’ Silver Lake submarket.

HFF worked exclusively on behalf of the borrower, Sharp Capital (Sharp), to place the seven-year, 3.51 percent loan with Principal Real Estate Investors (Principal).  Sharp completed the property in February 2016, and the new financing will replace existing construction debt.

Jeff Sause

 Principal offered an early rate lock, securing the interest rate three months prior to funding when the property was 50 percent pre-leased in order for Sharp to complete leasing efforts.

HoM @ West Temple features a four-story building with one level dedicated to parking and a 750-square-foot café on the ground floor.

 Units have stainless steel appliances, quartz stone countertops, designer fixtures, walk-in closets, polished concrete floors or distressed wood-style flooring, in-unit security systems, and balconies/patios offering views of the garden, city skyline or Hollywood Hills.

 Community amenities include a landscaped courtyard, garden, grilling area, 24-hour fitness center, clubhouse with pool table, media center, car charging station and on-site management.  

The property is located at 3221 West Temple Street just off Highway 101 and Silver Lake Boulevard in the Silver Lake submarket, which is proximate to Dodger Stadium, Griffith Park and downtown Los Angeles.

The HFF debt placement team representing the borrower was led by director Jeff Sause.

“Placing long-term financing on this asset demonstrates both our longstanding commitment to the vibrant Silver Lake submarket, as well as the banking community’s confidence in Sharp,” said David J. Shophet, a principal of Sharp Capital.  “We look forward to continuing to participate in further development within this growing area of Los Angeles.”

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

HFF closes $95.6 million sale of Two Tampa-area multi-housing communities

Columns at Brandon West Apartments, 10011 Balaye Run Drive, Brandon, FL

 

Matt Mitchell

TAMPA, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of two multi-housing communities in the Brandon submarket of Tampa, Florida, for a total of $95.6 million.

HFF marketed the properties in two separate transactions to one buyer, a private out-of-state investment company.

 The first of the properties, Columns at Brandon West, was marketed on behalf of a joint venture between ECI Group and funds managed by Ares Management, L.P. and sold for $46 million.

 The second asset, Westbury at Lake Brandon, was marketed on behalf of an affiliate of Goff Capital Partners and sold for $49.6 million.  Both assets traded free and clear of existing debt.

Columns at Brandon West, a 342-unit, Class A apartment community, is located at 10011 Balaye Run Drive in Tampa just off South Falkenburg Road offering access to Interstate 75, State Route 60 and the Selmon Expressway.

 The burgeoning area recently welcomed new developments such as the USAA’s 250,000-square-foot office campus, Bass Pro Shops and Topgolf, as well as the Brandon Healthplex, an outpatient hospital that is currently under construction. 

Zach Nolan

Completed in 2001, the 96-percent-leased property has 10 three-story buildings surrounding two scenic lakes and encompasses a combination of one-, two- and three-bedroom units featuring nine-foot ceilings, in-unit washers and dryers, walk-in closets and screened-in balconies/patios. 

Community amenities include a recently-updated clubhouse and poolside lounge, resort-style swimming pool, outdoor kitchen, fitness studio, movie screening room, self-service car wash and nature trail surrounding one of the property’s two lakes.

Westbury at Lake Brandon is located approximately three miles southeast of Columns at Brandon West at 1210 Westbury Pointe Drive.  The 366-unit property has immediate access to Lumsden Road and Causeway Boulevard, a popular retail corridor in Brandon, and is close to Interstate 75 and Westfield Town Center, a one million-square-foot mall. 

Completed in 2001, the 95-percent-leased, garden-style property offers one-, two- and three-bedroom units averaging 988 square feet featuring breakfast bars, designer kitchens, crown molding, full-size washers and dryers and walk-in closets.

 Common area amenities include a swimming pool and spa, barbecue and picnic area, state-of-the-art fitness center, clubhouse, coffee bar, business center, car care center, attached/detached garages and a lakeside walking trail.

  

Westbury at Lake Brandon Apartments, Brandon, FL

The HFF investment sales team representing the sellers in both transactions was led by managing director Matt Mitchell and associate director Zach Nolan.

“The apartment market in Tampa continues to offer investors solid fundamentals and a favorable outlook,” Mitchell said. 

“These two transactions also specifically highlight improving conditions in the Brandon market, where we have seen significant increases in jobs and hundreds of millions of dollars in development.”

HFF’s Tampa office was ranked as the top Commercial Real Estate Broker by the Tampa Bay Business Journal for total transaction volume closed in 2015. HFF Tampa’s multi-housing team is among the market’s most dominate with 3,300 units sold in the Tampa MSA year to date.

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

HFF closes $27.2 million sale of 30-unit apartment building in Brooklyn. NY

333-335 Carroll Street Apartments, Brooklyn, NY

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $27.2 million sale of 333-335 Carroll Street, a newly-redeveloped, 30-unit, Class A boutique apartment building in Brooklyn’s Carroll Gardens neighborhood.

HFF exclusively represented the seller, 333 Carroll Condominium LLC.

Originally built in 1931 as a warehouse loft building, 335 Carroll Street was redeveloped into residences in 2014. 

The five-story property blends original architectural elements with modern luxury finishes such as open layouts, 10-foot ceilings, hardwood floors, reclaimed wood, walk-in closets, stainless steel appliances, open-island kitchens and oversized windows.

 The property’s mix of studio, one-, two- and three-bedroom units average 984 square feet with some units comprising home office space and balconies.  Common area amenities include a rooftop deck offering panoramic views of Brooklyn and the Manhattan skyline, fully-furnished lounge with TV and pool table, fitness center and below-grade parking. 

Located at 335 Carroll Street between Hoyt and Bond Streets, the property offers nearby access to the F, G and R subway lines, Whole Foods, Carroll Park, and shopping and dining along the Smith Street and Court Street retail corridors.

The HFF investment sales team representing the seller was led by senior managing director Andrew Scandalios and managing directors Jeff Julien and Rob Hinckley.

 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

Lincoln Brokers Leases Totaling More Than 10,000 Square Feet at Executive Park, Atlanta’s Premier In-Town Office Park in Atlanta, GA

  

Jeff Henson

 ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has secured one new lease and three lease renewals totaling 10,043 square feet at Executive Park, a 60-acre office park located at Executive Park Drive in Atlanta.

 Lincoln was retained by Emory Healthcare to lease and manage the exclusive in-town office park in February of this year. Jeff Henson and George Gwaltney of Lincoln represented the landlord in the transactions.

The details of the transactions are below:

 •      American Court Reporting Co. signed a 3,300-square-foot lease renewal in Building 52. Steve Hanna with Hanna Properties represented the tenant.

•      SiShield Technologies, Inc. signed a 1,224-square-foot lease renewal in Building 17.

•      New Century Hospice, Inc. signed a new 1,976-square-foot lease in Building 17. Rob Wolfe with Swearingen Realty Group, LLC, represented the tenant.

•      Chickasaw Nation Industries, Inc. signed a 3,543-square-foot lease renewal in Building 17.

George Gwaltney

“Executive Park is one of the biggest and most unique office sites in the city, offering a wide array of space from 1,000 square feet to 20,000 square feet, and Emory Healthcare is committed to investing significant capital to make this a truly outstanding property,” Henson said.

 “Since taking over the leasing and management of Executive Park we have already had significant success and we anticipate a continued wave of leases for the property in the coming months.”

Emory Healthcare, which anchors the six-building property, acquired Executive Park in the first quarter of 2016. The property currently features 378,882 square feet of Class B office space, frontage along I-85, and a desirable location between Buckhead and Emory.

Forty acres of the 60-acre site have been approved for future mixed-use development, including the 90,000-square-foot world-class training and sports medicine facility that the Atlanta Hawks recently partnered with Emory Healthcare to build.

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

JLL’s Buckeye Land Sale Ushers In Major Cardinal IG Glass Development; Manufacturer to build 250,000-SF project that will generate 100 new jobs

  

 

Anthony J. Lydon

PHOENIX, AZ – On behalf of Evergreen Devco Inc. and Evergreen-Apache & Southern LLC (Evergreen), the Phoenix office of JLL has completed the sale of 77 acres of land in Buckeye, Arizona to Cardinal IG Companies (Cardinal IG).

Cardinal IG will develop a 250,000-square-foot, build-to-suit advanced glass manufacturing facility at the site. The project will bring 100 new jobs to the City of Buckeye.

Cardinal IG is a wholly-owned subsidiary of Cardinal Glass Industries, a leading glass manufacturer with more than 6,000 employees and 37 manufacturing locations across the U.S.

 Its new custom built, sate-of-the-art manufacturing facility in Buckeye will produce high-quality, energy efficient insulating glass for residential window and door companies across the globe.

The development is expected to generate nearly $90,000 of direct annual revenue to the city, not including the indirect and induced positive fiscal impacts to the city of approximately $5 million over 20 years.

“This is Buckeye’s first significant industrial employment investment since 1992,” said JLL Managing Director Anthony J. Lydon, who along with JLL Managing Director Marc Hertzberg represented Evergreen in the land sale. “It was a perfect mix of a prime location and Buckeye’s 2015 decision to waive the municipal sales tax for energy to qualifying manufacturers.”

Marc Hertzberg

“The combination will return mutual benefits for Cardinal IG and the City of Buckeye for decades,” said Hertzberg.

Buckeye Mayor Jackie Meck agreed that the land sale is a pivotal one for the city. 

“This is a great company that Buckeye can partner with for many years, and it will provide great jobs for our residents,” Meck said. “I also hope that having Cardinal select Buckeye for locating its operations here will kick-start other manufacturing development in our city.”

The new Cardinal IG site is located just south of the southeast corner of Apache Road and Southern Avenue, approximately three miles south of Interstate 10 and three miles east of Highway 85 in Buckeye, Arizona.

Situated just north of the city’s historic downtown, the site is part of 152 acres controlled by Evergreen and marketed by JLL. Lydon and Hertzberg continue to market a remaining 75 acres for Evergreen on the direct southeast corner of Apache and Southern, and located immediately north of the Cardinal IG site.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

.Sale of Boynton Beach, FL Bank of America Building Arranged by Marcus & Millichap

Bank of America Building, 4793 North Congress Avenue, Boynton Beach, FL

Drew A. Kristol

BOYNTON BEACH, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 10,024-square foot retail property anchored by Bank of America in Boynton Beach, Florida.

            “Bank of America has occupied this Congress Avenue location since 1987 and has incredibly strong deposits of more than $124 million. 

"They recently extended their lease by an additional 10 years which shows their commitment to the site,” says Drew A. Kristol, a vice president investments in Marcus & Millichap’s Miami office.

Kristol along with Kirk D. Olson, also a vice president investments in Marcus & Millichap’s Miami office, represented both the seller, a joint venture between a New York based advisor and a Florida based investment firm, and the buyer, a private investor from Sunny Isles, Florida, in the transaction.

“This site was attractive due to the rare combination of corporate guaranteed rent along with major visibility along a high traffic corridor in South Florida,” adds Olson.

Bank of America occupies the entire ground floor of the two-story building. The second floor is 100 percent leased to a strong cross section of local professional tenants. The property has four drive-thru lanes and recent capital improvements including a new roof, newly painted exterior and a sealed and striped parking lot.

The building is an outparcel to Meadows Square, a 107,597-square foot neighborhood shopping center located on the southwest corner of Hypoluxo Road and North Congress Avenue. The recently renovated center benefits from daily commuter traffic to and from I-95 and has attracted several new tenants including Presidente Supermarket.

The Bank of America building is located at 4793 N Congress Avenue in Boynton Beach, Florida.

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

Kirk A. Felici

First Vice President/Regional Manager

Miami, FL

(786) 522-7000

Lifescapes International Completes Resort-Style Landscape Design for 264-Unit Luxury Apartment Community in Santa Ana, CA

Rendering for planned Nineteen01 Apartments, Santa Ana, CA

 

Julie Brinkerhoff-Jacobs

SANTA ANA, CA - Lifescapes International, an internationally recognized landscape architectural firm, has completed the design for Nineteen01, a four-story, 264-unit, luxury apartment community in Santa Ana, California.

The apartment community was developed by Lyon Living, a Newport Beach-based commercial real estate investment and development firm that specializes in multifamily communities.

“Nineteen01 reimagines and redefines what apartment living means in Orange County,” says Julie Brinkerhoff-Jacobs, President of Lifescapes International. 

"Our vision was to create a resort-style flair that combined intimate and dynamic spaces that would deliver a true live/work/play environment that residents are demanding.”

Lifescapes International designed the main entrance and exterior perimeter of the community, as well as an elevated recreation deck with resort-style pool and spa, private cabanas, central courtyard and outdoor seating areas, and gardens that flow throughout the entire property.

“Today’s younger millennial generation is seeking environments that are more than just a place to live, which is exactly what we were able to deliver with the landscape of this project,” says Brinkerhoff-Jacobs."

Frank T. Suryan Jr.

Lyon Living’s Chairman and CEO Frank Suryan adds, “Nineteen01 is a true lifestyle community that brings an unparalleled degree of luxury to a rapidly growing suburb of Orange County.

" We’ve integrated some of the most competitive amenities that inspire a true SoCal lifestyle. 

"We selected Lifescapes as the landscape architect based on our work with them on The Marke, another luxury multifamily community in Orange County. 

"They have an uncanny ability to elevate the resident experience through their innovative designs and do so on budget with long-term maintenance and durability in mind for the property owner.”

Nineteen01 is located at 1901 E First Street in Santa Ana, California.  The apartment community was designed by Coe Architecture International and Danielian Associates in collaboration with Lifescapes International’s Mike Meyers and Diego Alessi, and was developed by Lyon Living.

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

Katie Kea or Lexi Astfalk 

Brower, Miller & Cole
(949) 955-7940
Kkea@browermillercole.com

www.lifescapesintl.com.