Wednesday, October 19, 2016

Robert W. Baird & Co. Signs 12,435-Square-Foot Lease at Capitol Towers in Charlotte, NC

  
Campbell Walker
CHARLOTTE, NC  (Oct. 19, 2016) — Robert W. Baird & Co. has signed a new 12,435-square-foot lease at Capitol Towers South Tower, located in Charlotte, North Carolina.

Campbell Walker of Lincoln Harris represented the landlord, Piedmont Row Drive LLC, in the transaction, and Brian White and Chase Monroe of JLL represented the tenant.

“Capitol Towers is an ideal property for tenants seeking office space in the heart of SouthPark,” Walker said. “We have experienced tremendous success with Phase I, and we anticipate Phase II will be equally in demand.” 

Capitol Towers, located at 4350 Congress St., offers Class A office space with easy access to Charlotte’s Central Business District, secured underground parking and a range of dining options, including outdoor seating and gathering areas, as well as access to a range of lifestyle amenities within a one-mile radius. The project is being built to LEED Gold standards.

In total, Capitol Towers will feature 480,000 square feet of office space and 35,000 square feet of retail space. Phase I was recently completed, and includes the 236,250-square-foot South Tower, a parking deck and approximately 25,000 square feet of retail space.

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

Savannah Durban
The Wilbert Group
404-343-0870 (O) 404-901-4433 (C)




Emerson International Negotiates New Lease at its Class A Office Campus at Sanlando Center in Longwood, FL


Zac Starkey
Longwood, FL -- Emerson International recently closed on a new lease of 2,021 rentable square feet of class A office space at Sanlando Center I, its office development at 2170 W. State Road 434, West of Interstate 4 in Longwood.

Zac Starkey, broker associate at Emerson International, negotiated the transaction on behalf of the landlord Emerson. 

The new tenant is General Conference Corporation of Seventh-Day Adventists, a worldwide organization.     

Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies in the U.K. 

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


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

HFF arranges $39.5 million refinancing for Pittsburgh power center


Village Square Retail Center, Bethel Park area, Pittsburgh, PA

 
Claudia Steeb
PITTSBURGH, PA, Oct. 19, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $39.5 million refinancing for Village Square, a 392,497-square-foot, fully-leased retail power center in the Bethel Park area of Pittsburgh, Pennsylvania.

HFF worked on behalf of the borrower, Oxford Development Company, to place the 10-year, fixed-rate loan with Goldman Sachs & Co.  HFF will service the securitized loan, proceeds of which were used to primarily pay off a maturing loan.

Village Square was built in 1982 and renovated in both 1997 and 2003.  Anchored by Home Depot, Kohl’s, Burlington Coat Factory, Michael’s, Office Depot and Toys"R"Us, the two-story center is also home to a variety of national and regional tenants, including Half-Price Books, Sten’s Stride Rite Shoes, Famous Footwear and Avenues. 

Additionally, the center’s outparcel pads are leased to Olive Garden, TGI Friday’s, Pennzoil and PA Wine & Spirits.  Situated in Bethel Park on 31.4 acres at 4000 Oxford Drive, Village Square’s locale at the intersection of Fort Couch Road and U.S. Route 19 places it in the heart of Pittsburgh’s South Hills, one of the most densely populated and affluent areas in Pittsburgh.  The center is approximately 10 miles from downtown Pittsburgh.



John Pelusi






HFF’s debt placement team was led by managing director Claudia Steeb and executive managing director John Pelusi.

“HFF appreciates the opportunity to place this loan on behalf of Oxford Development with Goldman Sachs,” Steeb said. 

Oxford has been active in the South Hills area since 1962 when they broke ground with their inaugural project, South Hills Village Mall, and most recently with the renovation of the Crowne Plaza Hotel & Suites Pittsburgh South.  

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

Kristen M. Murphy
Director, Marketing
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


HFF hires Brett Segal as a managing director in its Philadelphia office

  
 
Brett Segal
 PHILADELPHIA, PA, Oct. 19, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has hired Brett Segal as a managing director in its Philadelphia office.  Mr. Segal will focus on office investment sales in Greater Philadelphia and throughout the northeastern United States.

Mr. Segal has more than 10 years of commercial real estate experience and joins HFF from Newmark Grubb Knight Frank, where he was a director of capital markets in their Philadelphia office.

 In this role, he specialized in the sale of office, industrial, retail, multi-housing and development sites with more than $1.4 billion of closed transactions totaling more than 10 million square feet. 

Prior thereto, Mr. Segal was an asset manager for institutional clients at Grosvenor Fund Management, where he managed separate accounts for various domestic pension funds and international clients. 

His diverse real estate career began as an auditor at KPMG specializing in REITs and insurance companies.  Mr. Segal holds a Master of Business Administration degree from Villanova University and a Bachelor of Science degree from The Pennsylvania State University, Smeal College of Business. 


Doug Rodio
HFF’s Philadelphia office opened with five employees in 2013, and today has a total of 24 transaction professionals, analysts and support staff for an increase of roughly 420 percent.

“Brett is one of the most respected leaders in the Philadelphia commercial real estate industry and we are extremely excited to have him on the HFF team,” said Doug Rodio, senior managing director and co-head of HFF’s Philadelphia office.

 “We’ve quickly but methodically grown the Philadelphia office with best-in-class recruits that embody the HFF culture of teamwork and putting our clients first.  Brett is a perfect cultural fit and we are pleased to have him on board.”

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

Kristen M. Murphy
Director, Marketing
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



The Keyes Company Names Kevin Leonard Vice President of Luxury in Palm Beach, FL


 
Kevin M. Leonard
PALM BEACH, FL,  Oct. 19, 2016 – The Keyes Company and its multiple brands, including Illustrated Properties, has named Kevin Leonard Vice President of its Luxury Division.

 Leonard will be instrumental in the growth of all of Keyes’ luxury platforms and its $1 million-plus luxury residential portfolio.  

Leonard has more than a decade of experience in the luxury sector. He was previously the Director of Luxury Real Estate for Keyes. Leonard is now moving into a newly created position that focuses exclusively on luxury.

Prior to working for Keyes, Leonard headed his own company called Valore Group Real Estate. He started the company in his mid-20s at the height of the recession.

“Kevin has done a tremendous job of executing and scaling our luxury division,” said Keyes CEO Mike Pappas. “It was a pivotal point in the company’s history when we brought him on, and he has continued to strengthen our position in the luxury market.”


Mike Pappas


“I’m very excited for the opportunity to be in charge of this division and focus on growing it even further,” said Leonard. “Keyes is committed to providing white-glove service for our luxury clients. The South Florida luxury market is in a healthy place right now, as the needs of both the deal-oriented and worth-oriented buyers are being met.”

In 2011, Leonard decided to join forces with Keyes. Serving Palm Beach since its launch a decade ago, Valore Group has seen consistent double-digit growth in luxury sales each year.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate. In addition to Valore Group, Keyes has Platinum Properties, which is also a division of Keyes Luxury. The combined companies are a premier luxury leader.

Keyes annually sells $650 million in luxury homes priced at $1 million or more. The company expects to grow its annual sales velocity in that category to more than $1 billion.

Keyes is a Founding Member and Shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries.

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

Ashley Fierman
Account Executive, BoardroomPR
O 954-370-8999
C 954-330-1554
Bank of America Plaza | 1776 N. Pine Island Road

Suite 320 | Plantation, FL 33322

EagleBridge Capital Arranges $9.5 Million Permanent Mortgage Financing For Boston Apartment Complex


8-12-16 Harvard Terrace, Allston Neighborhood, Boston, MA
Boston, MA -- EagleBridge Capital has arranged permanent mortgage financing in the amount of $9,500,000 for 8-12-16 Harvard Terrace located in the Allston neighborhood of Boston.

The mortgage financing was arranged by EagleBridge principals Brian D. Sheehan and Ted M. Sidel who stated that the loan was provided by a major commercial bank.

The apartment complex is composed of three attached luxury apartment buildings which were completely renovated with the renovation completed in 2016 and are 100% leased.

The buildings contain a total of 24 spacious apartments composed of 18 three bedroom/two bath units and 6 two bedroom/one bath units. 

The units feature luxury finishes with hardwood floors and fully equipped designer kitchens with stainless steel appliances, granite countertops, and contemporary cabinetry. Each unit has a private balcony or patio.

Brian D. Sheehan
Located on a quiet street in the heart of Allston Village, 8-12-16 Harvard Terrace is within easy walking distance of area shops, cafes, restaurants, and pubs and is within close proximity to downtown Boston, the Longwood Medical area, and Cambridge.    The location of the complex offers easy access to public transportation as well as the Massachusetts Turnpike which is less than five minutes away.

Ted M. Sidel
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for apartment, industrial, office, and  r & d buildings, shopping centers,  hotels, condominiums and mixed use properties as well as special purpose buildings.

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

Stanley J. Sidel
Senior Advisor
EagleBridge Capital
33 Broad Street
Boston, MA 02109
Tel: 617-292-7177 Ext. 300
FAX: 617.292.7575


Tuesday, October 18, 2016

HFF expands its Atlanta investment sales team with hiring of John Barton as managing director


John Barton
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired John Barton as a managing director in its Atlanta office to focus on office investment sales transactions in Atlanta and the Southeastern United States. 

Mr. Barton will join managing director Ralph Smalley and associate director Kelly Kuykendall to continue the growth of HFF’s office investment sales practice in Atlanta.

Mr. Barton has more than 20 years of commercial real estate experience and most recently served as a senior vice president and managing director at Parkway Properties, Inc. 

During his 16-year career at Parkway Properties, he facilitated more than $1.5 billion of office acquisitions and dispositions, and was involved in joint ventures, leasing and operations for the firm as well.

  Prior to joining Parkway, Mr. Barton served as an asset manager for approximately two million square feet of office buildings, underwrote and negotiated CMBS loans and practiced business law including commercial real estate.  He graduated magna cum laude from Southern Methodist University and received a Juris Doctor degree from Washington and Lee University School of Law. 

Mr. Barton is member of the Buckhead Coalition, on the Board of Directors of the Buckhead Community Improvement District and is an officer of the West Paces Neighborhood Association.

“We are so pleased to welcome John as a member of the HFF team,” said Jason Nettles, senior managing director and co-head of HFF’s Atlanta office.  “He is a well-respected veteran in the commercial real estate world with tremendous success across a variety of platforms in the industry.”

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

Kristen M. Murphy
Director, Marketing
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


Capital Square 1031 Completes DST Offering of 101-Unit Townhome Community in Tucson, AZ


 
Louis Rogers
 TUCSON, AZ – Capital Square 1031 announced its Delaware statutory trust offering, CSRA Galeria del Rio, DST, comprised of a 101-unit Class A townhome community in Tucson, Ariz., has been fully subscribed by investors.

Located at 5132 N. Prairie Clover Trail, Galeria del Rio includes 35 two-story buildings and a community clubhouse. The two-story luxury townhomes range in size from three-bedroom to four-bedroom units, each complete with 2.5 bathrooms, an attached two-car garage and a small private enclosed back yard. The property, completed in December 2014, is situated on approximately 11.5 acres of land.

“Galeria del Rio is a high quality townhome community situated in a central location within Arizona’s second largest city,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. 

“The property provides residents with easy access to many social and recreational opportunities, employment centers, including a variety of employers in the national defense industry, and Northwest Medical Center. 

“We are pleased to complete this offering, the 24th DST Capital Square 1031 has closed since its founding in late 2012.”

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

Julie Leber
 Spotlight Marketing Communications
 949.427.5172, ext. 703


Avison Young completes four new leases for 24 Hour Fitness in Southern California


24-Hour Fitness, Orange County, CA


 
Keith Kropfl
Orange County, CA — Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated four new leases with 15-year terms on behalf of 24 Hour Fitness.

The four leases total 157,500 square feet (sf), with three locations in the Orange County cities of Santa Ana, Huntington Beach and Fullerton, and one in the City of Riverside within Riverside County.

Avison Young Principal Keith Kropfl and Associate Michael Ganz, based in the company’s Orange County office, represented 24 Hour Fitness in all four transactions.

“Avison Young worked closely with 24 Hour Fitness to identify strategic locations and negotiate long-term leases with favorable terms,” comments Kropfl.

 “The majority of these new locations for the tenant are within spaces that were vacated as previous tenants went dark. I believe this is testimony not only to the growth and success of 24 Hour Fitness, but also to the resiliency of the Southern California retail market.” 

Following is information on each lease:

 Santa Ana: The lease totals 40,000 sf and is located at 1350 W. Edinger within Plaza Edinger. The new 24 Hour Fitness location will open in the first quarter of 2017 and will be the anchor tenant at the property, which includes Smart & Final and Factory-4-U. The space was formerly an O’Reilly Auto Parts Super Store. Kropfl and Ganz also represented the landlord, Plaza Edinger, LLC.

Michael Ganz
Huntington Beach: The leased space totals 33,500 sf and is located at 9051 Atlanta Avenue within Huntington South Center. The 24 Hour Fitness gym will open in the first quarter of 2017 and will occupy a space that was previously an Albertsons. Other tenants within the center include H&R Block, Juice It Up!, Subway, and Starbucks. The landlord, Huntington South Center, LLC was represented by CBRE.

Fullerton: The 46,000-sf leased space is located at 130 E. Imperial Highway in Fullerton. The new 24 Hour Fitness will open in the second quarter of 2017 and will be within a space formerly occupied by Office Depot. Other tenants at the center include Best Buy and Floor and Décor. The landlord, Fiesta Distribution, LLC, was represented by CBRE.

Riverside: The leased space totals 38,000 sf and is located off the 91 Freeway at 3490 Madison Street within Madison Plaza. 

The center is currently under construction and 24 Hour Fitness is anticipated to open its doors once development is completed at year-end 2017. The ownership group, HFC/PRP Madison, LLC, represented itself.

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

Darcie Giacchetto
949.278.6224





New Castle Hotels & Resort and Southwest Properties Break Ground on first Marriotts in Dartmouth, Nova Scotia, Canada





At the sod turning for the Residence Inn/Courtyard by Marriott in the Dartmouth Crossing lifestyle center in Dartmouth, Nova Scotia.  L-R Gerry Chase, president and COO New Castle Hotels & Resorts, Fred George, president and CEO JLK Global Investments (also an honorary general in the Canadian Armed Forces) Jim Spatz, chairman and CEO Southwest Properties Ltd, David Buffam, CEO New Castle Hotels & Resorts, Manlio Mariscotti, vice president development Marriott Canada, Mike Savage, Mayor Halifax.
.
  
SHELTON, Conn. )— Officials of New Castle Hotels & Resorts, a leading hotel owner, operator and developer, along with Southwest Properties of Halifax, Nova Scotia and JLK Global Fund International broke ground on a 178-key Courtyard by Marriott/Residence Inn hotel in Dartmouth, Nova Scotia.  The dual-branded hotel will be the first Marriotts in the city.


Gerry Chase
The project is estimated for completion in Q3 2018 and will include a 106-room Courtyard by Marriott and 84-suite Residence Inn in the Dartmouth Crossing lifestyle center and in close proximity to the Burnside Business Park, the largest eastern seaboard business park north of Boston or east of Montreal.  The park is home to 2000 enterprises and more than 30,000 employees.

“The dual-brand configuration has been tremendously successful for us in other urban areas like downtown Syracuse, NY where land acquisition is costly,” said Gerry Chase, president and COO of New Castle.  “I feel very confident that this project, with known and trusted development partners, and a proven product mix, will be completed in a timely fashion and ramp up quickly to serve the unmet needs of the Dartmouth business community.”

“Dartmouth Crossing is rapidly expanding with iconic brands and is attracting business travellers working in the greater Halifax region,” noted Jim Spatz, chairman & CEO for Southwest Properties.


Jim Spatz

“The hotel is well placed in an area that is becoming a primary shopping destination for Maritime Canada and an athletic hub for Halifax with the new four-pad ice arena and the existing Harbour East soccer and football fields.   We believe in Dartmouth Crossing because of our great success with the hotel we built and opened with New Castle Hotels in 2009.”

New Castle and Southwest have partnered previously on the Residence Inn Moncton, New Brunswick, the Hampton Inn and Suites by Hilton Halifax-Dartmouth in Nova Scotia and The Algonquin Resort in St. Andrews, New Brunswick. 

“Today’s travelers have varying and specific needs, and over 35 years, we’ve found that the combination of an upscale select service hotel, coupled with an extended stay product is an ideal way to satisfy most guests,” said Chase. “The nearest Marriott hotels are across the bridge in Halifax, so I’m sure that these two hotels will be very well received, particularly by the points-conscious business traveler.” 

 Global Fund International is a private investment company with Fred George, President and CEO

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

Lauralee Dobbins
Write Touch Public Relations
609-451-5102




OliverMcMillan Hires Real Estate Industry Leader Michael O’Hanlon as Chief Operating Officer and Promotes Two Executives


Michael O'Hanlon

SAN DIEGO, CA (Oct. 18, 2016) –  OliverMcMillan, one of the largest, most progressive leaders in the field of mixed-use real estate development in the U.S., announced today the hire of senior real estate manager and industry veteran Michael O’Hanlon as the firm’s new Chief Operating Officer.

The firm also promoted two key executives, Jeff Zeigler and Eric Buchanan.

Zeigler, a member of OliverMcMillan’s Executive Committee, was promoted to Senior Managing Director of Asset Management & Leasing. Buchanan was promoted to join the Executive Committee and lead the firm’s development activities as Senior Managing Director of Development.


Jeff Zeigler
“We recognize that our people are our greatest assets and today’s executive appointments demonstrate our ongoing commitment to remain ’best in class‘ and position OliverMcMillan for continued success,” said OliverMcMillan’s Chief Executive Officer, Dene Oliver.

The privately-held firm has designed, developed and managed over eight million square feet of award-winning, mixed-use projects, with a total project value exceeding $3 billion and is currently developing new projects with a value of approximately $3 billion. 

Through both private and public partnerships, OliverMcMillan’s expanding real estate portfolio includes retail, entertainment, creative office, hotel and residential projects throughout the United States.

O’Hanlon will be responsible for implementing the company’s strategic plan, managing all aspects of the OliverMcMillan organization and furthering the company’s growth. O’Hanlon will report directly to Oliver and will provide oversight of all company divisions.

 O’Hanlon has over 35 years of comprehensive experience in real estate management, development, portfolio strategy operations, capital markets transactions and joint ventures. He has directed two major U.S. real estate company’s asset management groups with portfolios of diversified real estate assets valued at approximately $6 billion and $11 billion respectively, and most recently served as CEO and President of Behringer Harvard’s opportunity-style real estate investment trusts.

Eric Buchanan
 Prior to Behringer Harvard, he held the position of COO and President of Billingsley Company and was CEO and President of Inland Western Retail REIT. O’Hanlon has been a member of Urban Land Institute’s (ULI) Urban Development/Mixed-Use Council; National Association of Real Estate Investment Trusts (NAREIT); and International Council of Shopping Centers (ICSC).

 He is a graduate of Fordham University and earned a master’s degree from Columbia University Graduate School of Business.

 Zeigler joined OliverMcMillan in 2011 and most recently led the Retail Services group, where he was responsible for retail leasing at OliverMcMillan and oversaw retail lease negotiations, tenant coordination, project merchandising and property marketing for the company’s new and existing properties.

 In his new role as Senior Managing Director of Asset Management & Leasing, Zeigler will oversee both leasing and asset management of the firm’s property portfolio. Some of his current projects include: The Shops and Offices Buckhead Atlanta, six city blocks of world-class retail, restaurants and cafes in Atlanta, Georgia; River Oaks District, 850,000 square feet of luxury retail, dining, offices, hotel and residences in Houston, Texas; and retail requirements for OliverMcMillan’s portfolio of mixed-use development.

Dene Oliver
Buchanan joined OliverMcMillan in 2012 as a Development Director. In his new role as Senior Managing Director of Development, Buchanan will lead all development and construction activities for the firm and will be responsible for seeking and vetting potential mixed-use development acquisitions.

Under Buchanan’s direction, OliverMcMillan has several projects under way including Fifth + Broadway, a major mixed-use development planned for downtown Nashville, Tennessee, which will transform Nashville’s former convention site into a dynamic mixed-use development featuring retail, residential, office, dining and entertainment;

Clayton Lane, a multi-block mixed-use redevelopment in the heart Cherry Creek North in Denver that features Whole Foods and Crate & Barrel; Tustin Legacy, a planned new urban village-style mixed-use project in the heart of Orange County, California, which will uniquely incorporate the historic blimp hangar situated on the 123-acre former Marine Corps air station site;

 Laundry Lofts, a planned 22-story mixed-use residential and commercial development located in the East Village area of Downtown San Diego, California; SALT, a four-story, amenity-rich 265-unit, Class A apartment community in Tempe, Arizona, ideally located near Arizona State University and the Mill Avenue Entertainment District, and next door to the new State Farm campus currently under construction; and Symphony Honolulu, which features 388 luxury residential condominiums in an amenity-rich environment as well as JN Exotics, Hawaii's premier luxury auto dealer.

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

Anne Monaghan
MONAGHAN COMMUNICATIONS, INC.
830.997.0963


Atlantic | Pacific Companies Acquires Two Texas Properties Through Its Blue Atlantic Partners Fund I


Max Briggs
MIAMI, FL – Florida-based Atlantic | Pacific Companies (A|P Companies), is pleased to announce the acquisition of two Class-A multifamily communities in Texas through its Blue Atlantic Partners Fund I.

The recently closed transactions increase A|P’s holdings in Texas to almost 3,000 units and expands A|P’s regional reach to 8 market-rate multifamily communities. Atlantic | Pacific Management (A|P Management), the property leasing & management platform under A|P, will handle all property management responsibilities for both properties.

The two new acquisitions include:

Franciscan of Arlington is located in central Arlington, Texas near the AT&T Stadium and Globe Life Park. 

The property enjoys a total of 418 units with a mix of one, two and three-bedroom units.  Unit interiors feature stainless steel appliances, over-sized walk-in closets, and garden tubs as well as direct access garages in select units. The community features two waterscape pools and Jacuzzi, resident coffee bar and a state-of-the-art fitness center.


Village of Hawks Creek, Westworth Village,
near Fort Worth, TX


Village of Hawks Creek is located in Westworth Village near Fort Worth, Texas. The community is rich in the antiquated architecture and craftsmanship of Texas.

 The property consists of 312 units in twelve desirable floor plans, with a range of one, two, and three bedrooms. The units feature gourmet kitchens with stainless steel appliances and walk-in closets.

Mark Briggs, Senior Managing Director at A|P Management remarked, “We are excited to continue our expansion in Texas and bring our amazing management team to these communities. These exceptionally located assets are a perfect complement to our existing Texas portfolio.

For more information about A|P Companies and its array of real estate services including development, property management, affordable housing, and construction, visit www.apcompanies.com/management or call (800) 918–1145. Follow A|P on Facebook (@AtlanticPacificCompanies), Instagram (@APCompanies) and Twitter (@APCompanies).

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

Jessica Wade Pfeffer | JWIPR
jessica@jwipr.com | 305.804.8424
Margie Sernik | JWIPR

www.apcompanies.com/management.margie@jwipr.com | 786.200.2516

Monday, October 17, 2016

MCA Realty Acquires Multi-Tenant Business Park in North Las Vegas, NV


Walnut Business Park, Las Vegas, NV

Las Vegas, NV  (Oct. 17, 2016) – MCA Realty, a full service real estate investment and management company, has acquired Walnut Business Park, a 92,056 square-foot value-add industrial business park in the northern submarket of Las Vegas.

The firm acquired the property at a significant discount to its replacement cost, and plans to strategically reposition the asset to create long term value, according to Tyler Mattox, Principal at MCA Realty.

Tyler Mattox
“Select value-add opportunities still exist in the Las Vegas market,” says Mattox.  “The industrial market in north Las Vegas has demonstrated a tremendous recovery over the last several years and continues to absorb space.

“In fact, 2016 marked the region’s strongest year since 2008.  This consistent economic growth, coupled with increasing demand for small and mid-bay industrial product throughout the region, makes this acquisition a logical addition to our existing portfolio.”

Mattox notes that new construction for “big box” industrial product has increased dramatically over the last two years, while demand for smaller spaces continues to outpace supply. 

At the end of the second quarter of 2016, approximately three million square feet of “big box” product was under construction in Las Vegas, while new construction for smaller industrial product remains relatively nonexistent.

 “This lack of available supply for smaller multi-tenant industrial buildings is placing upward pressure on rental rates and is driving demand for assets such as Walnut Business Park,” says Mattox.

MCA Realty's principals, Tyler Mattox, Jared Gordon, and Peter Cheng, have successfully navigated a full spectrum of market conditions, and pride themselves on building and maintaining strong relationships with industry partners.

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

Lexi Astfalk / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Hold-Thyssen Negotiates 12 Leases at Kirkman Commerce Center in Orlando, FL for More than 27,000 Square Feet


Alex Rowlinson

WINTER PARK --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated 10 leases for office/flex space totaling 27,529 rentable square feet at Kirkman Commerce Center in Orlando.

The Hold-Thyssen leasing team of Troy Stevens and Alex Rowlinson negotiated the transactions on behalf of the South Florida landlord at the 124,283 square foot commercial complex.

At 701 S. Kirkman Rd. in Kirkman Commerce Center Stevens and Rowlinson negotiated new or expansion lease agreements with these tenants: 

American Premier Security and Sound, Inc., 2,400 square feet
Florida Corporate Branding LLC 3,600 square feet;
First Brazilian Baptist Church of Orlando, 1,672 square feet;
Precision Security & Fire LLC, 758 square feet;
Najac Tax & Consulting Services LLC, 586 square feet;
MA3-1 Cleaning Services, 544 square feet; 
Lease renewals were signed at the 701 building by tenants
Trans Global Communications for 13,200 square feet and
Sew For You LLC, 571 square feet.

At 773 S. Kirkman Rd. in the Commerce Center, Mortgage Financial Group, Inc. leased 1,043 square feet, Generational Wealth, LLC leased 891 square feet and First Option Tax LLC leased 421 square feet at 775 S. Kirkman Rd.

At 775 S. Kirkman Rd.  Mystic Travel Inc. signed a three-year expansion agreement.

The Hold-Thyssen team negotiated these 12 deals adding to a total of 17 lease agreements completed after the Kirkman Commerce Center was sold late last year to a new South Florida investor owner.

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

Hold-Thyssen Negotiates Two New Office Leases in Tampa Bay, FL Area

                                              

Theresa Margaris
Tampa / Clearwater, FL --- Hold-Thyssen, Inc. recently negotiated two new long-term lease agreements totaling 2,569 rentable square feet at office facilities in the Tampa Bay area. 

Leasing Associate Theresa Margaris at Hold-Thyssen’s Clearwater office, negotiated the transactions representing the landlords.   

At Westchase Commons, 13015 W. Linebaugh Ave. in Tampa Margaris represented the landlord Tampa Rejuvenation Holdings, LLC in the lease of 1,620 square feet to Pedro Soler, M.D.  a successful plastic surgery practice relocating to the newly constructed building with build-to-suit shell units.  

At Terrace Court, 11424 N. 53rd St. in Temple Terrace,   Margaris represented the landlord Pylon, LLC in a lease agreement with Freeman Support Care Services Corp. a home health company providing Medicaid Waiver Services who is doubling its space at the office building at Terrace Court.

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