Sunday, July 16, 2017

HFF expands London team with managing director Edward Daubeney


Edward Daubeney
LONDON, ENGLAND –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired Edward Daubeney as a managing director focused on debt and equity placement for transactions in the UK and Western Europe.  

Mr. Daubeney has more than 21 years of experience in the property and banking market. He joins HFF from Cushman and Wakefield where he was the head of debt advisory in their debt and structured finance group.

 He also held this position at DTZ London, before the firm merged with Cushman.  During this time, he completed more than $600 million in high profile transactions in the UK and Europe.  Mr. Daubeney is MRICS qualified (Member of Royal Institution of Chartered Surveyors). 

“We are so pleased to have Edward as part of the HFF team,” said Michael Kavanau, senior managing director and co-head of HFF’s London office.  “He has extensive experience in arranging acquisition and development financing, including senior debt and mezzanine loans and will undoubtedly be an asset to our clients both present and future.”

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

Kristen M. Murphy
Director, Public Relations
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 closes sale of Publix-anchored retail center in suburban Atlanta, GA


Golden Park Village Retail Center, Buford, GA
                                                                           (Photo by Pat Kelly of Sky Shots Photography)

  
Daniel Finkle
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Golden Park Village, a 68,738-square-foot, Publix-anchored neighborhood retail center in the northern Atlanta suburb of Buford, Georgia.

Phillips Edison Grocery Center REIT II, Inc. purchased the asset free and clear of existing debt.

Located at 4840 Golden Parkway in Buford, Golden Park Village is situated at the “main and main” intersection of Interstate 985 and Lanier Islands Parkway approximately three miles east of Lake Lanier, which attracts roughly 7.5 million visitors each year. 

More than 24,000 residents earning an average annual income of more than $86,000 live within a three-mile radius of the center and nearly 81,000 vehicles pass the property each day. Golden Park Village is 92 percent leased to a variety of tenants, including Publix, The UPS Store and Great Clips. 

The HFF investment sales team representing the seller was led by senior managing directors Danny Finkle, Jim Hamilton and Richard Reid and managing director Luis Castillo.

“Golden Park Village represented a rare opportunity to acquire a high-performing, Publix-anchored shopping center with limited grocer competition and value-add potential,” Hamilton said.

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

Kristen M. Murphy
Director, Public Relations
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 arranges $16.199 million acquisition financing for garden-style multi-housing community in Loveland, CO



The Buttes Apartments, Loveland, CO


 DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $16.199 million in acquisition financing for The Buttes, a 111-unit, garden-style multi-housing community in Loveland, Colorado.

HFF worked exclusively on behalf of Blueline Equity Partners to place the 10-year, fixed-rate loan with Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.


Kristian LIchtenfels
The Buttes is located at 1391 N. Wilson Avenue just off U.S. Highway 34 and approximately six miles west of Interstate 25 in Loveland.  

The property provides access to nearby Denver, Fort Collins, Boulder and recreational activities in Rocky Mountain National Park, which is less than 30 miles west of the community.

 The Buttes comprises eight, three-story buildings with one- and two-bedroom units ranging from 808 to 1,101 square feet.  

The 98-percent-leased community features amenities, including a swimming pool with sundeck, grilling area, fire pit, 24-hour fitness center, clubhouse, resident lounge, entertaining kitchen and detached garages.

The HFF debt placement team representing the borrower was led by associate director Kristian Lichtenfels.

 Blueline Equity Partners (Blueline) is a Denver-based, full service private real estate investment firm specializing in acquisition, redevelopment, management and disposition of multifamily properties.  Founded in 2007, Blueline owns properties in Denver, Longmont, Loveland, Greeley, Evans, Colorado Springs, Fraser and Crested Butte.

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

Kristen M. Murphy
Director, Public Relations
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

Saturday, July 15, 2017

Park Springs Health Services Opens Georgia’s First, fully executed Household Model in Continuing Care Retirement Living






From left:  Angie Hollanda (Gwinnett Chamber of Commerce), Sandra Durbin (Director of Health Services Park Springs Health Services), Billy Smith, Andy Isakson (Managing Partner of Isakson Living), Brian Thomas (VP of Construction Isakson Living), Evelyn Lee (Senior VP of SunTrust’s Aging Services practice) and Jenna Kelly (President & CEO, Atlanta Division at SunTrust Bank).


Andy Isakson
STONE MOUNTAIN, GA – Isakson Living announces the opening of Park Springs Health Services (PSHS), located adjacent to its resort-style continuing care retirement community (CCRC), Park Springs.

 Featuring Georgia’s first-ever, built-to-suit household model, the state-of-the-art facility, opens with 75 percent of the homes sold. And starting in August, the full-service healthcare facility will launch the nation’s first “Dementia Care Matters (DCM) Butterfly Household Model of Care”.

“For nearly 15 years we’ve been working diligently to improve the model of care for the aging population,” said Andy Isakson, managing partner of Isakson Living. “We’re breaking the mold in Georgia with our household model and changing the narrative nationally with our relationship with DCM.”

DCM, a United Kingdom-based Culture Change organization, is disrupting the way facilities care for people living with dementia by focusing on an emotion-based approach.

 The Butterfly Household Model of Care emphasizes the importance of a nurturing and supportive staff, enables a better quality of life and inspires leadership, achieving real outcomes and continued growth. This innovative program starts with an intensive training of the PSHS staff to understand emotion-based care so they can empathize with members living with dementia.
  
"Feelings really matter most in dementia care. People experiencing dementia become more feeling than thinking beings. Therefore, requiring heightened emotional care first - all we have is now,” said David Sheard, CEO and founder of DCM and director of The Butterfly Community. “After pioneering this in four other countries it is exciting to be arriving into the U.S., launching our first Butterfly Home and developing this special relationship with Isakson Living. "


David Sheard
The Butterfly Household Model of Care is a year-long initiative that focuses on a person-centered approach and three main objectives: encouraging care-givers to grow their emotional intelligence, connecting and interpreting a person’s feelings and ensuring the daily life of a member is a positive experience.

 Action based learning teams will develop and implement, like a butterfly, the necessary skills to follow the model. These objectives align perfectly with Isakson Living’s mission and focus on person-centered care.

PSHS is comprised of four additional households focusing on adult day services, short-term Medicare certified rehabilitation and long term Medicare certified skilled nursing, in addition to the two Butterfly Household Models of Care.

 Each household accommodates 18 members, and includes a household kitchen and dining room, staffed with a homemaker that allows members to eat what they want, when they want it.

In addition, each household has a living room and access to beautiful courtyards, allowing members to come and go outside as they please. Staff works around member’s schedules and what works well for them. There is also a 3,100 square-foot physical therapy center, serving members as well as the local community.

The construction of the new Park Springs Health Services and other Park Springs campus improvements were made possible through a $74.4 million loan from SunTrust Bank.
“Isakson Living and their dedicated caregivers show real passion for serving those in their community, and we look forward to helping them achieve continued growth.” said Evelyn Lee, senior vice president of SunTrust’s Aging Services practice. 

“With the new Park Springs Health Services, we believe the organization will be well positioned to further support the needs of their current residents and the growing senior population in Georgia for years to come.”



For a complete copy of the company’s news release, please contact:
Emma Cathey/Liz Lapidus
Liz Lapidus PR
404-688-1466


RAF Pacifica Group Breaks Ground on Three Creative Industrial Developments totaling $110 Million in North Couty, San Diego, CA





  • vec•tor
This 171,098 square-foot, two-story industrial/R&D facility will accommodate one to four industrial or research tenants. Estimated development costs total $29 million.

Located in the Carlsbad Oaks North corporate business park, vec•tor will feature 30’ clear height ceilings, grade-level and dock-high loading doors, and a glass-centric design to ensure natural lighting for users.



SAN DIEGO, CA – RAF Pacifica Group, a San Diego-based owner, operator, and developer of commercial real estate, has broken ground on three ground-up creative industrial developments totaling $110 million in North County San Diego.

These developments encompass over half a million square feet of high-quality creative industrial space and will be delivered to the market in 2018, making RAF Pacifica Group one of the most active developers in San Diego, according to Founder & Principal Adam Robinson (right).

“Now more than ever, the ‘if you build it, they will come’ mantra rings true for high-caliber industrial product in North County San Diego,” asserts Robinson. 

“Despite a slight uptick in new development, no new construction matches the aesthetic and functionality of our creative industrial facilities, which integrate creative office amenities into state-of-the-art industrial 
buildings for an unmatched user experience.”

 
Robinson notes that residents and businesses from all over Southern California are relocating to San Diego’s North County based on the submarket’s explosive job growth, high-quality housing, and superior quality of life.

“North County is booming and continuing its emergence as a hub of tremendous growth and innovation,” continues Robinson. “From tech startups to life sciences to manufacturing, North County’s diverse economy is attracting an influx of talent and investment capital to this region, especially along the I-78 corridor.

“We’re capitalizing on this momentum by developing state-of-the-art creative industrial buildings to support the growth of this dynamic business community.”

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

Katie Kea / Jenn Quader
Brower, Miller & Cole
(949) 955-7940


Hanley Investment Group Completes Sale of Single-Tenant LA Fitness in Los Angeles


Bill Asher
MONTEBELLO, CA - Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, has completed the sale of a single-tenant net-lease retail investment occupied by LA Fitness in Montebello, California. The price could not be disclosed.

Hanley Investment Group's Executive Vice President Bill Asher and company President Ed Hanley represented the seller, a private partnership based in Orange County, California. The buyer, which represented themselves, was a publicly-traded REIT.

Built in 1988, the 42,946-square-foot building is situated on 3.07 acres at the signalized intersection of Beverly Boulevard and Wilcox Avenue at 2222 W. Beverly Boulevard in Montebello. The location has a 28-year operating history as a health club with LA Fitness taking over a former Bally's and recently executing a new long-term lease extension.

Ed Hanley
According to Asher, Hanley Investment Group procured multiple offers and selected a highly-qualified buyer that transacted all-cash and closed in 45 days.

“LA Fitness is one of the fastest growing health club chains in the U.S. and presently has more than 690 locations in 32 states and Canada,” Hanley noted.

“This is a rare sale of a single-tenant LA Fitness in Los Angeles County,” said Asher. “Only three single-tenant LA Fitness investments sold in Southern California since 2015, with Hanley Investment Group selling two of the three properties. LA Fitness is the #1 health club in the nation and the most attractive and stable health club investment in today’s market.”  

Hanley noted, “The growth of health club memberships nationwide has spurred the development of fitness centers from coast to coast, which has created outstanding real estate investment opportunities.”

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

Anne Monaghan
MONAGHAN COMMUNICATIONS, INC.
830.997.0963

Friday, July 14, 2017

JLL completes $39 million sale of I-10 Industrial Portfolio

         

Rendering of I-10 Distribution Center, Phoenix, AZ

Bo Mills
PHOENIX, AZ – JLL’s Capital Markets experts announced the firm completed the sale of the I-10 Distribution Portfolio in Phoenix on behalf of DCT Industrial. Colony Northstar purchased the portfolio, which consists of two institutional grade warehouses totaling 558,465 square feet, for $39 million.

Managing Directors Bo Mills and Mark Detmer and Vice president Ryan Sitov led the JLL team on the sale.

“Phoenix is one of the best bets for industrial product right now,” said Mills. “The demand is high, and fully leased, well-maintained buildings such as these often stoke a competitive bidding process.”

Added Detmer, “We have seen the Southwest Phoenix area’s vacancy dip from about 20 percent in 2009 to nearly 10 percent at the end of 2016. This is a trend we think will continue as Phoenix serves as the Southwest’s logistics hub.”

The assets are located at 101 North 103rd Ave. and 101 North 104th Ave., and are 279,186 square feet and 279,279 square feet respectively. Both buildings offer flexible space with cross-dock capabilities and the ability to accommodate either single or multi-tenant layouts.


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

Scott Sutton        
Phone: +1 312-228-2863

NAI Realvest Negotiates $342,500 Sale of Genesis Office Condo in Altamonte Springs, FL


 
Mary Frances West
ORLANDO, FL  – NAI Realvest recently negotiated the sale of a 2,238 square foot Genesis office condo at 815 Orienta Ave. in Altamonte Springs.   

Mary Frances West, CCIM Vice President at NAI Realvest, represented the seller Design Enterprises, Inc. of Winter Park in the sale to SLT Holdings LLC principals of MJS Designs, who paid $153 per square foot or $342,500 for the property

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


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

NAI Realvest Completes Four New Industrial Leases at Poinciana CommerCenter East in Kissimmee, FL



Veronica Malolos

KISSIMMEE, FL – NAI Realvest recently closed four long-term lease agreements with new tenants for industrial space totaling 11,610 rentable square feet at Poinciana CommerCenter East in Kissimmee   Michael Heidrich, principal, negotiated all four leases on behalf of the landlord Small Bay Partners, LLC of Maitland.

Daniel Blackford
NAI Realvest Osceola County Broker Veronica Malolos, CRB and Broker Associate Daniel Blackford, CCIM represented the tenant Center State Automotive Inc. in a lease for 5,670 at 1815-1819 Business Center Loop.

Heidrich brokered three more leases at Poinciana East – at 1737 and 1757 Business Center Lane, Baums Outdoor Solutions, Inc. leased 2,700 square feet for their sod and landscaping business; at 1769 Business Center Loop Anita Torrens leased 1,890 square feet for a handyman and woodworking shop and at 1803 Business Center Lane, 1,350 square feet was leased by Kona Ice of Northeast Polk a distributor of USDA approved snacks to local schools.  

For more information, contact

Michael Heidrich, Principal, NAI Realvest, 407-875-9989 mheidrich@realvest.com 

Veronica Malolos, Broker/Osceola County, NAI Realvest, 407-949-0717 vmalolos@realvest.com;   Daniel R. Blackford, CCIM, ALC, Broker Associate, NAI Realvest, 407-949-0717  dblackford@realvest.com 


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

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



Marcus & Millichap sells Flexible B-2 ZoneD Development Site in Cooper City, FL for $3 Million

                                                        

Aaron O'Connor
COOPER CITY, FL, July 14, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of St. Michel Development Site, a 150,282-square feet of land located in Cooper City, FL, according to Ryan Nee, Vice President/Regional Manager of the firm’s Fort Lauderdale office. The asset sold for $3,000,000.

Aaron O'Connor, Senior Associate, Adam G. Duncan, Vice President Investments, and Joseph P. Thomas, First Vice President Investments, all in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor, and secured and represented the buyer, a private investor.

St. Michel Development Site is located at Southwest 111 Terrace in Cooper City, FL.  The property has over 600 feet of frontage along Griffin Road, which is one of the most heavily traveled corridors in Cooper City, with over 30,000 vehicles traveling past the site daily.

For a complete copy of the company’s news release, please contact:
Ryan Nee
Vice President / Regional Manager, Fort Lauderdale
(954) 245-3400



The Keyes Company’s Marta DuPree and Carlos Garcia Recognized as Top Agents by Prominent Industry Group



Marta Dupree


MIAMI, FL, July 14, 2017 - The Keyes Company has announced Marta Dupree and Carlos Garcia have been recognized as part of the 2017 Top Latino Agent Awards by The National Association of Hispanic Real Estate Professionals.

DuPree, ranked No. 4 in Florida, is a Keyes vice president who specializes in luxury homes, waterfront, acreage, investments, condos, townhouses, golf, and gate communities. Along with Neil DuPree, the DuPree team is the No. 1 producer for Keyes, with a career sales volume of more than $1 billion.

Carlos Garcia
Garcia, ranked No. 16 in Florida, is also a vice president, as well as the top producing real estate leader for Keyes in Miami-Dade County. 

He is a Certified Residential and Relocation Specialist. In January 2017, Garcia was awarded the President's Council Award for the 22nd consecutive year at the Keyes Annual Awards and has been ranked amongst the top five sales associates in the company since his tenure with the Keyes began.

In its sixth year, the NAHREP list recognizes the top 250 agents for their outstanding work and dedication to the real estate industry and increasing Hispanic homeownership. 

Those named to this year’s list brought in a combined $6.07 billion in transaction volume. The top 250 will be honored at the 2017 National Convention & Latin Music Festival in Dallas this September.

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



Jasmin Curtiss
PR Coordinator, BoardroomPR

O 954-370-8999

Thursday, July 13, 2017

Southern Lodging Summit to Host 15th Annual Conference Aug. 29-30 in Memphis, TN; Industry Icon James E. Burba Named Keynote Speaker



Andrea Foster
MEMPHIS, TN —Officials of the Southern Lodging Summit, an annual gathering of hoteliers specializing in development and operations in the southern United States, will host its annual conference August 29-30, 2017, in Memphis, Tenn.  A discounted “Early Bird” rate runs through Saturday, July 15.


James E. Burba

Celebrating its 15th year, the conference kicks off with the organization’s signature luncheon at the world-famous Rendezvous BBQ Restaurant, offering networking opportunities with industry experts and event speakers such as keynote speaker and Burba Hotel Network Co-Founder James E. Burba. 

A full day of sessions will occur at the Memphis Cook Convention Center, kicking off with the Annual Presidents Panel, including such industry stalwarts as Jagruti Panwala, AAHOA treasurer and president/CEO, Wealth Protection Strategies; Doug Dreher, president/CEO, The Hotel Group Holdings, LLC; Patrick Pacious, president/CEO, Choice Hotels International; and Andrea Foster, senior VP of development; Marcus Hotels & Resorts.

 The conference will provide rich, detailed industry analysis with presentations from STR’s Jan Freitag and CBRE’s Robert Mandelbaum highlighting current industry trends.

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

Chris Daly, media
Main (703) 435-6293
Mobile: 703-864-5553


Wednesday, July 12, 2017

JLL arranges $140 million refinancing for Chicago’s Gallagher Way

   
The mixed-use asset is adjacent to Wrigley Field, home of the Chicago Cubs

CHICAGO, September 17, 2019 – JLL announces that it has arranged a $140 million refinancing for Gallagher Way, a recently completed lifestyle mixed-use development. The development comprises more than 93,000 square feet of office space, 85,100 square feet of retail space along with the 173-room Hotel Zachary and an open-air entertainment plaza adjacent to Wrigley Field, which is prominently located in Chicago’s Wrigleyville neighborhood.  

JLL worked on behalf of the borrower, Hickory Street Capital, the real estate arm of the Ricketts family, to place the 30-year, fixed-rate loan with Barings, one of the world’s largest real estate investment managers on behalf of one of its managed accounts. Loan proceeds will replace the current construction financing arranged by the same Capital Markets team in 2016.

Gallagher Way includes two towers; the six-story Tower 1 houses 47,086 square feet of retail space and 93,667 square of office space anchored by the Chicago Cubs front office and the American Airlines Conference Center. It is located at the intersection of West Waveland Avenue and North Clark Street. Tower 2 is anchored by the Class A Hotel Zachary and contains 38,014 square feet of retail and entertainment space. The seven-story Tower 2 is at the intersection of West Addison Avenue and North Clark Street. The 30,000 square-foot Gallagher Way Plaza offers year-round programming for neighbors, families, Cubs’ fans and visitors. The plaza includes 8,000 square feet of green space and capacity for 1,000 seats or 3,000 standing guests for outdoor concerts, movies, and ice-skating rink and other events.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Danny Kaufman and Director Christopher Knight along with Managing Director Jeff Bucaro and Director Nicole Aguiar. 


For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

- ends -


About Hickory Street Capital
Hickory Street Capital (HSC), is a Chicago-based real estate development company owned by the Ricketts family — owners of the Chicago Cubs. In 2018, HSC completed its Wrigleyville development project — a $250 million, lifestyle mixed-use development adjacent to Wrigley Field. Visit hickorystreetcapital.com for more information.

About Barings
Barings is a $325+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of its clients and customers. Through active asset management and direct origination, Barings provides innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.

*As of June 30, 2019

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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Phone: +1 713 852 3420

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Phone: +1 980 417 5886

MCA Realty Sells Final Building in Brookhollow Freeway Showroom Center Off Costa Mesa 55 Freeway in Orange County, CA


Brookhollow Freeway Showroom Center, 154 East Warner Street, Santa Ana, CA

SANTA ANA, CA – MCA Realty, a full service real estate investment and management company, has sold the final building in the Brookhollow Freeway Showroom Center, an 87,609 square-foot multi-tenant retail/showroom project in Santa Ana, California.

The facility, which is located alongside one of Orange County’s busiest freeways, consists of four separate buildings, three of which were previously sold by MCA in late 2015.

Tyler Mattox
The sale of the fourth building, a 13,072 square-foot retail showroom currently occupied by Wine Exchange, brings the investment completely full cycle, according to MCA Realty Principal Tyler Mattox.

“We were able to create significant value by renovating this asset, and subdividing the parcel to allow us the ability to sell each building individually,” says Mattox. 

“The Orange County market is characterized by exceptional demographics, strong demand, and a limited amount of new supply, which continues to place upward pressure on rental rates and property values. We capitalized on this dynamic to achieve strong rates of return for our capital partners.

MCA Realty initially purchased the property in 2013 for $9.5 million and implemented a comprehensive capital improvement plan, including interior and exterior improvements, updates to the façade, and a renovated landscaping scheme.

“We were able to significantly increase the value of the asset in performing these improvements, says Mattox. 

The building is located at 154 E. Warner in Santa Ana, California. It was sold to WTW Properties, LLC, for $3.3 million. The previous three buildings were sold for a combined total of $16.8 million.

Joe Winkelmann, Nick Velasquez, and Michael Hartel of Colliers International represented MCA Realty as the seller in the transaction. Ryan Swanson and Chris Conway of Lee & Associates represented the buyer, WTW Properties, LLC.

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

Lauren Burgos
Junior Account Executive
Brower, Miller & Cole
895 Dove Street, Third Floor
Newport Beach, CA 92660
p: (949) 955-7940

Marcus & Millichap Brokers $625,000 Sale of Palmview Court in Bradenton, FL

Michael Donaldson

BRADENTON, 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 Palmview Court, a 8-unit apartment property located in Bradenton, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $625,000.

Michael Donaldson, Nicholas Meoli and Adam Podbelski, investment specialists 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 also secured and represented by Adam Podbelski, Nicholas Meoli and Michael Donaldson. 

Palmview Court is located at 2519 9th Ave W in Bradenton, Florida. 

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

Ari Ravi
Regional Manager, Tampa

(813) 387-4700