HFF closes sale of Nine-building, 451,213-square-foot industrial portfolio in the Carolinas

Eagleton Downs, 520, 521 and 601 Eagleton Downs Drive, Pineville, NC
and 10401 John Price Road, Charlotte, NC

 CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a nine-building, 100-percent-leased industrial portfolio totaling 451,213 square feet in Charlotte and Raleigh-Durham, North Carolina, and Greenville-Spartanburg, South Carolina, markets. 

HFF marketed the property on behalf of the seller, Dalfen America Corp.  MDH Partners, LLC purchased the portfolio.

The portfolio comprises Stuart Andrew Business Center, Eagleton Downs, Airport Distribution Center and Matrix Business Center.

Chris Norvell

 Six of the portfolio buildings are in the Charlotte market; the two-building, 91,320-square-foot Stuart Andrew Business Center is located at 4216 Stuart Andrew Boulevard and 646 Michael Wylie Drive (Charlotte), and Eagleton Downs, a four-building, 122,940-square-foot industrial center at 520, 521 and 601 Eagleton Downs Drive (Pineville) and 10401 John Price Road (Charlotte).

 Airport Distribution Center, a Class A, two-building, 165,144-square-foot property, is located at 5101 and 5151 Nelson Road in the Raleigh-Durham-area community of Morrisville, North Carolina. 

Matrix Business Center is a 71,809-square-foot, one-building, Class A warehouse building at 500 Matrix Parkway in Piedmont, South Carolina, near Greenville-Spartanburg.

The portfolio is home to 13 tenants, including Professional Builders Supply, LLC; General Electric Company; Worldpac, Inc. and S&N Communications, Inc.  Located along the main southeastern distribution corridor, the buildings are adjacent to major roadways, including Interstates 85, 40 and 77.

The HFF investment sales team representing the seller was led by senior managing director Chris Norvell.

“We continue to see extremely strong demand for industrial investment product throughout the Carolinas,” Norvell said.  “This is particularly true in Charlotte, Raleigh and Greenville, which boast some of the strongest fundamentals among the nation’s secondary markets.  The opportunity to acquire a position in each market via a 100-percent-leased portfolio was well received in the market.”

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 $54.5 million sale of Two-property seniors housing portfolio in Washington, DC and New York

Chevy Chase House, 5420 Connecticut Avenue NW, Washington, DC

Ryan Maconachy

DALLAS, TX -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $54.5 million sale of two seniors housing assets totaling 219 units – Chevy Chase House in Washington, D.C. and Country House in Yorktown Heights, New York.

HFF marketed the asset on behalf of the seller, Holladay Corporation.  A joint venture between Blue Vista Capital Management, LLC and Meridian Senior Living, LLC purchased the communities free and clear of existing debt.

Chevy Chase House is located at 5420 Connecticut Avenue NW in Washington, D.C.  The community includes 131 independent living, assisted living and respite care units across a mix of studio, one- and two-bedroom floor plans averaging more than 600 square feet each.

 Chevy Chase House is situated close to best-in-class medical providers, including Sibley Memorial and Walter Reed National Military Medical Center, and high-end neighborhood amenities such as Starbucks, the Avalon Theater, a public library and numerous restaurants.

Country House is located at 2000 Baldwin Road in the Westchester County community of Yorktown Heights proximate to best-in-class medical providers in the surrounding area.  The property has 88 independent living, assisted living and respite care units as well as wellness amenities, including Wii bowling, yoga instruction and body movement classes.

The HFF team representing the seller was led by senior managing directors Ryan Maconachy and Chad Lavender.

 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.meridiansenior.com.

HFF secures $23.275 million financing for grocery-anchored retail power center in Wilson, NC

                        

Heritage Crossing, 3401 Raleigh Road Parkway West, Wilson, NC

  

Travis Anderson

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $23.275 million in acquisition financing for Heritage Crossing, a 311,030-square-foot, fully-occupied, grocery-anchored retail power center in Wilson, North Carolina.    

HFF worked on behalf of the borrower, a partnership between Collett Capital, Return Holdings and SilverCap Partners, to place the five-year, floating-rate loan with Bank of North Carolina.  Loan proceeds were used to purchase the property.

Completed in 2006, Heritage Crossing is anchored by Harris Teeter, Ross Dress for Less, Marshalls, Best Buy, Belk, Bed Bath & Beyond and PetSmart and is shadow-anchored by Target.

The 100-percent-leased retail center is also home to national and regional tenants, including Starbucks, Rue 21, Five Below, Payless, Kay Jewelers, Moe’s Southwest Grill, Subway, AT&T Wireless, Cato and GNC.

 Heritage Crossing is located at 3401 Raleigh Road Parkway West in Wilson, a community approximately 50 miles east of downtown Raleigh and 40 miles west of Greenville.  The center is situated at the heavily-trafficked intersection of Raleigh Road Parkway and Airport Boulevard, which has a combined traffic count of more than 40,000 vehicles per day. 

Cory Fowler

The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson and associate director Cory Fowler. 

“Proven by its strong national tenant lineup and 100-percent occupancy, Heritage Crossing is regarded by many as the best location in town, as it is positioned along two major thoroughfares with excellent visibility,” said Fowler.

 “This strong partnership and asset will be further enhanced by Collett’s unique understanding of the property’s strengths and previous working relationships with the tenants, as Collett developed the center in 2006.”

 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.silvercappartners.com

www.collettcapital.com

$5.8 Million Loan Arranged by Marcus & Millichap Capital Corp. for 105-Room Springhill Suites by Marriott in Port St. Lucie, FL

  

Springhill Suites by Marriortt, Port St. Lucie, FL

Robert Bhat

PORT ST. LUCIE, FL – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $5.8 million loan secured by a 105-room Springhill Suites by Marriott in Port St. Lucie, Florida.  Robert Bhat, a director in MMCC’s Miami office, arranged the debt placement.

“This hotel was acquired in an all-cash transaction in March 2016,” says Bhat. “We helped the buyer, an experienced hotel development group that specializes in value-add opportunities, refinance the investment.  

"They will complete a Property Improvement Plan (PIP) in the fall with a new design plan for the property.”

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

Kirk A. Felici

First Vice President/Regional Manager

 Miami Office

786-522-7000

120-Unit Jasmine Homes Apartments in Lakeland, FL Sold for $7.4 Million in Deal Brokered by Marcus & Millichap

Jasmine Homes, 3215 Baird Avenue, Lakeland, FL

LAKELAND, 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 Jasmine Homes, a 120-unit apartment property located in Lakeland, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $7,400,000.

Nicholas Meoli and Michael Donaldson, both vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a limited liability company, was secured and represented by Meoli and Donaldson.

Nicholas Meoli

Jasmine Homes is 120-unit, garden-style community located at 3215 Baird Avenue in Lakeland, Florida. Situated on an approximately 7.10 acre site, Jasmin Homes is comprised of 20 two-story residential buildings and one, two-story building, which serves as a clubhouse and leasing office.

The unit mix offers two spacious, open floorplans consisting of 28 one-bedroom/one-bathroom units with 725 rentable square feet and 92 two-bedroom/one-bathroom units with 864 rentable square feet. 

Amenities at Jasmine Homes include a sparkling swimming pool with a spacious sundeck and complimentary Wi-Fi, dog park, new playground, racquetball court, on-site laundry facilities, state-of-the-art fitness center, business center and media room.

“Located in a sought after area in Lakeland, Jasmine Homes is surrounded by new developments and easy access to Interstate 4, which allows for a quick commute to several destinations between the two major area metros, Tampa and Orlando,” says Meoli.

“Population growth and organic rental growth continues to climb within the Interstate 4 corridor making Jasmine Homes a well-positioned property for a long term investment,” add Donaldson.

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

Marcus & Millichap Brokers $3.6 Million Sale of Downtown Lot in St. Petersburg, FL

 

Paul Bouldin

ST. PETERSBURG, 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 105,154-square feet of land located in downtown St. Petersburg, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $3,600,000.

Paul Bouldin, senior associate, Michael P. Regan and Francesco P. Carriera, both first vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a developer, was secured and represented by Bouldin. 

Located on 6th Avenue South in downtown St. Petersburg, this mixed-use development site is specially designated as an Activity Center within the Future Land Use designation of Planned Redevelopment-Mixed-Use and carries the Corridor Commercial Traditional-1 zoning designation.

The property is located one block south of Interstate 175 with immediate access to the on and off ramps. It is within walking distance of Campbell Park, Bayfront Medical Center, All Children’s Hospital and Tropicana Field.

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

Marcus & Millichap Arranges $1.12 Million Sale of 27-Unit Howard Landing Apartments in Winter Haven, FL

Howard Landing Apartments, 2007 and 2101 Avenue G Northwest, Winter Haven, FL

 

Ned Roberts

WINTER HAVEN, FL, August 24, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Howard Landing, a 27-unit apartment community located in Winter Haven, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,125,000.

Ned Roberts, associate, Michael Donaldson, vice president investment, and Nicholas Meoli, vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. 

The buyer, a private investor, was secured and represented by Roberts, Donaldson and Meoli.

The asset sold within 3.5 percent of the list price with a 7.34 percent capitalization rate. It closed in 64 days with the first contracted buyer, whom the Meoli-Donaldson Partners sourced through their exclusive proprietary database of active multifamily investors.

“The buyer typically focuses on core Tampa Bay submarkets,” says Roberts. “This transaction is evidence of the growing appeal of tertiary markets for investors seeking greater yield compared to more traditional core markets.”

Michael Donaldson

Howard Landing is a 27-unit, multifamily community located steps from the shores of Lake Howard at 2007 and 2101 Avenue G Northwest in Winter Haven, Florida.

The property is comprised of 11 buildings situated on two parcels totaling approximately 2.27 acres. Built of concrete block construction between 1977 and 1980, all of the units feature two-bedroom/one-bathroom floor plans of approximately 800 rentable square feet.

All of the units include washer/dryer connections and approximately 80 percent of the units have been upgraded with tile flooring and new appliances, cabinetry and countertops.

“Polk County was particularly attractive to the buyer with year-over-year employment gains and future job growth expectations there exceeding state averages,” concludes Roberts.

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

SunCap Property Group Begins Work on Gilbert Spectrum Building 7 in Gilbert, AZ

Gilbert Spectrum Business Park, Gilbert, AZ

 

Mike Orr

PHOENIX, AZ ­­­­– SunCap Property Group has begun construction of a 60,000-square-foot office building in the Gilbert Spectrum Business Park in Gilbert, Arizona.

This is the first of several planned buildings that SunCap is offering in the 63-acre park, located at the southwest corner of Elliot and McQueen roads. A total of 800,000 square feet of state-of-the-art office, flex-industrial and technology-related space is planned in eight to 10 buildings. Buildings range in size from 60,000 square feet to 200,000 square feet.

SunCap’s design-build team on this project includes Graycor Construction Company as the general contractor and Balmer Architectural Group as the architect of record. Site work is currently underway with vertical development scheduled to begin in mid-September. The building will be delivered in early 2017.

"Graycor has been a strong partner for us across the country on other build-to-suit projects," said Mike Orr, Senior Vice President for SunCap Property Group. "We are pleased to further our relationship with Graycor while delivering the Phoenix region and Town of Gilbert a project we can all be proud of."

Construction will be coordinated out of Graycor's Southwest regional office and will feature concrete tilt panels and decorative stone veneer feature walls. Designed for today’s modern organization, the single-story building delivers oversized windows providing ample natural light paired with the energy efficiency of low-e glass panels.  

 Mark Krison and Luke Krison with CBRE are listing brokers for the project. For more information or to explore future leasing opportunities, please visit

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

www.gryacor.com.

www.suncappg.com

http://www.gilbertspectrum.com/index.html.

Capital Square 1031 Surpasses $500 Million in Assets Under Management

Louis Rogers

SAN ANTONIO, TX -- Capital Square 1031, LLC, a leading sponsor of replacement property for Section 1031 exchanges, announced the firm has surpassed $500 million in assets under management with the acquisition of The Canopy, a 220-unit multi-family community located in at 950 Bitters Road East in the north central submarket of San Antonio.

“Capital Square 1031 couldn’t be more pleased to reach this milestone for our firm,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.

 “Since inception, Capital Square has sponsored 31 DST programs, primarily for Section 1031 tax-deferred exchange investors, and grown our portfolio of assets under management to include more than 50 properties.

“We look forward to continuing this growth by adding high quality properties, like The Canopy, to our portfolio.”

The Canopy was approximately 97 percent leased at the time of acquisition. The property includes 13 two- and three-story residential buildings, as well as a clubhouse, located on 8.6 acres of land.

 Situated a quarter-mile from U.S. Highway 281, the community is accessible via Interstates 410, 35 and 10, as well as Texas State Highway Loop 1604. The Canopy is equipped with 272 parking spaces.

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

Julie Leber

Spotlight Marketing Communications

949.427.5172 ext. 703

julie@spotlightmarcom.com

www.CapitalSquare1031.com.

WNC Closes $102 Million Institutional LIHTC Fund Offering 17 affordable housing properties for seniors and families in 12 states

  

Christine Cormier

 IRVINE, CA  – WNC, a national investor in real estate and community development initiatives, announced it has closed WNC Institutional Tax Credit Fund 42, L.P. (WNC Corp. 42), a $102 million institutional low-income housing tax credit (LIHTC) fund.

WNC Corp. 42 is estimated to include 1,504 affordable housing units in total, and is comprised of 17 family and senior housing communities scheduled for new construction and rehabilitation.

The properties will be located in 12 states, including Arkansas, California, Iowa, Idaho, Louisiana, Massachusetts, Minnesota, New Jersey, South Dakota, Tennessee, Texas and Wisconsin.

“Approximately 28 percent of the projects in WNC Corp. 42 are new construction and will help to expand the nation’s limited stock of affordable housing,” said WNC Senior Vice President of Investor Relations Christine Cormier.

“The remaining 72 percent of the fund’s projects include traditional and historical renovation, preserving the desperately needed affordable housing supply currently available to seniors and families in eight states.

“WNC is proud to continue existing investment partnerships and expand our investor base with this fund, which consists of two economic investors and four CRA (Community Reinvestment Act) investors.”

This is the second national fund and third multi-investor fund WNC has closed in 2016, totaling $329.7 million year-to-date.

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

Julie Leber

Spotlight Marketing Communications

949.427.5172 ext. 703

julie@spotlightmarcom.com

www.wncinc.com.

Bijou Bay Harbor Begins Converting Reservations Into Contracts in Bay Harbor Islands, FL

   

Rendering of Planned Bijou Bay Harbor Condominiums in Bay Harbor Islands, FL

 

Robert Morales

BAY HARBOR ISLANDS, FL –– Bijou Bay Harbor, a boutique-style waterfront condominium, has officially begun moving reservations into contracts for its 41 private residences, including five penthouses. 

With 60 percent of its available units sold, construction of the luxurious Bay Harbor Islands condominium is expected to start later this year.

Bijou Bay Harbor, which is being developed by Ability by Acierto, will feature open and light layouts with floorplans ranging from 900 to just over 2,000 square feet. Prices begin in mid-$600,000s and rise to $2 million for the penthouses.

“We’ve reached this milestone as a result of monumental efforts from our great sales team and valued broker community,” said Robert Morales, the vice president of operations for Ability by Acierto.

“We look forward to continued success for this project and are excited to break ground. Bijou Bay Harbor is being developed at the perfect time when Bay Harbor Islands is experiencing a major resurgence.”

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

BoardroomPR

Ashley Fierman/ Sandra Reichman

afierman@boardroompr.com/sreichman@boardroompr.com

(954) 370-8999

POSCO America Corp. Leases 11,560 SF at 6465 East Johns Crossing in Johns Creek, GA

  

Michael Howell

ATLANTA -– Lincoln Property Company (Lincoln) has signed a new 10-year, 11,560-square-foot lease for POSCO America Corp. at the recently renovated 6465 East Johns Crossing office building in Johns Creek, Georgia.

Michael Howell and George Gwaltney of Lincoln represented the landlord, Onward Investors, in the transaction, and Nick Kim, Bradley Fulkerson and Thomas Savage of Transwestern represented the tenant.

 “Recent renovations have significantly impacted interest and leasing activity at 6465 East Johns Crossing,” Gwaltney said. “The building is now 89 percent leased, and with the momentum we’re seeing in Johns Creek we expect to see continued leasing velocity at the building.”

The building recently underwent a significant renovation of the lobbies on the first and second floors, including upgraded accent lighting and installation of a new digital tenant directory, as well as a landscaping overhaul.

Located within Johns Creek Technology Park, a 1,900-acre master planned development, 6465 East Johns Crossing is a 100,000-square-foot, Class A four-story office building. Amenities include a lakeside walking path, complete with fitness stations, and an outdoor patio overlooking the two-acre lake.

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

Berger Commercial Realty Renews Lease for 32,000 SF at Palm Crossing Central in Fort Lauderdale, FL for Integrated Regional Laboratories

Keith Graves

FORT LAUDERDALE, FL -- Berger Commercial Realty Senior Vice President Keith Graves recently represented SPG Palm Crossing, LLC in renewing a lease for 32,220 square-feet of flex space at Palm Crossing Central to Integrated Regional Laboratories (IRL), a hospital-affiliated regional laboratory provider that offers state-of-the-art diagnostic testing, microbiology capabilities and personalized client support services.

IRL's facility at Palm Crossing Central is the most advanced automated laboratory in Florida.

Located at 5371 N.W. 33rd Ave. in Fort Lauderdale, Palm Crossing Central is currently 91 percent leased. The 71,411-square-foot property offers a campus-style office park setting within minutes of I-95, Florida's Turnpike, Fort Lauderdale Executive Airport, and local hotels, restaurants and banks.

In addition to its laboratory at Palm Crossing Central, IRL maintains a histology and microbiology operation in Largo and a network of hospital-based rapid response laboratories throughout the state.

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com 

Berger Commercial Realty Secures 10,000 SF in New Leases in Fort Lauderdale, FL and North Lauderdale, FL

Annette Rey Bishop

FORT LAUDERDALE, FL - Berger Commercial Realty brokers recently secured 10,019 square-feet in lease transactions on behalf of tenants in Fort Lauderdale and North Lauderdale.

Greg Milopoulos

Broker Associate Greg Milopoulos represented B-Awe Sum International, LLC in leasing 6,019 square-feet of industrial space from Liberty Property Limited Partnership in suite 114 at Cypress Creek Industrial Park, located at 6500 N.W. 12th Ave. in Fort Lauderdale.

B-Awe Sum International, doing business as B A Valves and Controls, has manufactured, supplied and installed valves for commercial clients in South Florida for 15 years.

Sales Associate Annette Rey Bishop and Senior Sales Associate Jonathan Thiel represented Infinite Communications Incorporated in leasing 3,000 square-feet of industrial space from McNab Commercial Center No. 1, LLC in suites D-1, D-2 and D-3 at McNab Commercial Center, located at 7544 W. McNab Road in North Lauderdale. Infinite Communications Inc. provides telecommunications services for residential and commercial clients.

Bishop also represented Konecranes, Inc. in leasing 1,000 square-feet of industrial space in suite C-25 at McNab Commercial Center. For more than 80 years, Konecranes has provided lifting equipment and services to businesses around the globe. Headquartered in Hyvinkää, Finland, Konecranes now has in four locations in Florida.

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com 

Berger Commercial Realty Secures 30,000 SF in Lease Transactions for Fort Lauderdale, FL Landlords

Steve Hyatt

FORT LAUDERDALE, FL - Berger Commercial Realty brokers recently secured 30,543 square-feet in lease transactions on behalf of landlords in Fort Lauderdale.

Harbor Walk Building

Senior Vice President Steve Hyatt represented Intervest-Harbor Walk, LLC in leasing 7,200 square-feet of space to Platinum Fundraising, LLC at the Harbor Walk Building, 1650 S.E. 17^th Street, Fort Lauderdale.  Along with Senior Vice President St. George Guardabassi, Hyatt also represented Intervest-Harbor Walk in leasing 1,650 square-feet of space to Wolfson Productions, LLC.

Prospect Park II

At Prospect Park II, Senior Vice Presidents Joe Byrnes and Keith Graves and Senior Sales Associate Jonathan Thiel represented AKF3 SF Light Industrial, LLC in the lease extension of 6,854 square-feet of mixed-use space to Advantage Sales & Marketing, LLC at 3405 to 3407 N.W. 55th Street and the new lease of 5,589 square-feet of flex space to Harmon, Inc. at 3361 to 3375 N.W. 55th Street.

St. George Guardabassi

Cypress Creek Tower

Graves and Thiel also represented COLE International Investments, LLC in leasing 5,467 square-feet of space to Dutton Law Group, P.A. at Cypress Creek Tower, located at 800 W. Cypress Creek Road.

Cypress Creek Tower consists of 62,000 square-feet of office space and stands five stories tall. It features an onsite banking facility, a computerized energy management system, and is within minutes of I-95, Florida's Turnpike and the Cypress Creek Tri-Rail Station. Cypress Creek Tower is exclusively leased and managed by Berger Commercial Realty, in addition to four other assets owned by COLE.

Miller Legg Building

Additionally, Graves and Thiel represented North Andrews Way Corp. in leasing 2,696 square-feet of office space to The Health Enrollment Group, Inc. at the Miller Legg Building, located at 5701 to 5775 N. Andrews Way.

Powerline Business Center

Thiel and Senior Vice President Joseph Byrnes represented Rising Tide Development, LLC in renewing a lease for 1,087 square-feet of office space to Florida Atlantic General Construction, LLC at Powerline Business Center, located at 5601 Powerline Road.

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com