Capital Markets Veterans Elorza and Capas Rejoin Cushman & Wakefield

Luis Elorza

 MIAMI, FL — Cushman & Wakefield announced today that Senior Directors Luis Elorza and Brad Capas have rejoined the firm as members of the firm’s rapidly expanding Florida multifamily brokerage team led by Vice Chairman Robert Given.

In their new roles, the duo has assumed responsibility for expanding Cushman & Wakefield’s apartment brokerage presence along Florida’s West Coast, extending from Greater Tampa through Naples.

Cushman & Wakefield’s Florida Capital Markets team, led by Given, now includes Elorza and Capas leading West Florida; Jay Ballard and Ken Delvillar leading Central Florida; Zachary Sackley, Calum Weaver, Troy Ballard, Neal Victor and Errol Blumer leading South Florida; and Robert Kaplan, Christopher Lentz and Mark Rutherford handling debt, equity and structured finance.

“We are thrilled to have Luis and Brad lead our Greater Tampa and West Coast multifamily efforts for Cushman & Wakefield,” said Larry Richey, Managing Principal and Florida Market Leader. “They are both high-caliber, investment sales professionals who will immediately augment our considerable multifamily capabilities in Florida."

“Luis and Brad know our culture well, share our One-Team-Florida vision and have already hit the ground running,” added Given. “Our mission is to drive meaningful value for our clients through market-leading creativity and innovative solutions delivered by a statewide team of exceptionally talented brokers. Luis and Brad are ideally suited to help us achieve this objective for our clients.”

Brad Capas

In addition to more than a decade of multifamily brokerage experience leading to over $4 billion in closed transactions, Elorza’s diverse financial services and capital markets background give him a unique business perspective that benefits the firm’s clients.

He has held real estate and corporate finance positions at Citicorp, Bankers Trust, Ernst & Young, Providence Management and Merrill Lynch’s Global Private Equity Division. 

Elorza has managed a wide range of real estate and corporate finance assignments, both domestic and abroad, including mergers and acquisitions, commercial lending, restructuring, privatizations and valuations.

Elorza holds a MBA in Finance and a BA in Economics from the University of Rochester. In 2013, he was the number three producer in Cushman & Wakefield‘s Florida Capital Markets Group and earned Cushman & Wakefield‘s Top National Producer Award in 2005. In 2009, he won the Florida Gulf Coast Association of Realtors (FGCAR) Pinnacle Award for Deal of the Year.

Capas has specialized in the execution of institutional and private investment sales transactions for more than 20 years and has a proven track record in the promotion and disposition of multifamily properties and complex development sites. He has had direct involvement in the marketing and execution of more than $2 billion in multifamily investment sales involving over 22,000 units. Capas has served both domestic and foreign clients, including private investors, developers, REITs, pension fund advisors and life insurance companies.

Prior to entering the investment sales arena, Capas spent 11 years in the commercial appraisal and consulting industry where he earned the coveted MAI designation. Capas is a graduate of Florida State University where he majored in Real Estate and Finance.

For additional information, please contact:

David A. Meyer

Owner

Meyer Media 

+ 1 407 489 7488

david@meyer.media

www.cushwakecentennial.com

www.cushmanwakefield.com

 or follow @CushWake on Twitter.

  

Celebrating the Life of George Livingston, Founder and Chairman Emeritus of NAI Realvest Orlando, FL; Event Scheduled for Saturday, Aug. 12 at Winter Park Civic Center

 

George Livingston

 ORLANDO, FL—George Livingston, founder and chairman emeritus of NAI Realvest Orlando, died July 16. He was 81. Friends and colleagues have scheduled a rememberance event for Saturday, Aug. 12 at the Winter Park Civic Center, 1050 West Morse Boulevard, Winter Park, FL, from 1 pm to 4 pm.

Patrick Mahoney

 Patrick Mahoney, president, NAI Realvest asks partners, associates, and employees, along with others who knew Livingston to “please join family and colleagues to share stories, raise a glass, and celebrate the life and achievements of our friend, George Livingston.”

“George was a distinguished United States Army officer and an icon in the commercial real estate industry,” says Mahoney.

“We mourn his passing but take consolation in his dedication and contributions to his family, country, business partners, community, and industry. His enthusiasm and energy inspired all who knew him.”

In Memoriam donations can be made to The ICSC Foundation George Livingston Scholarship at University of Central Florida on the web at www.donate.icsc.org.

For additional information, please contact:

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

NAI Realvest Broker Rachel Saunders Completes Land Replat and Negotiates $742,500 Sale of Osceola Parkway Land for New Car Wash

Rachel Saunders

KISSIMMEE, FL – Rachel Saunders, MBA, a broker with NAI Realvest, recently handled the purchase of a 1.78 acre parcel of vacant land on E. Osceola Parkway and Boggy Creek/Simpson Road in Kissimmee. 

George Livingston

Saunders negotiated the transaction on behalf of the buyer, JT Endeavors, LLC who paid $742,500 for the property that was part of a larger land parcel.  Construction of a car wash facility is planned to get underway soon.

Saunders helped consult the buyer through a successful replat of the property by Osceola County.  In the process Saunders worked with and was mentored by the late George Livingston, Chairman, until his death last month.  

The seller, AC Two LLC of Winter Park, was represented by Adolfo Pereira of Dover International Company. 

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

www.NAIRealvest.com

  

HFF arranges construction and land financing for industrial project in Raleigh, NC

Rendering of Planned Patriot Park Industrial Complex,  3921 IBM Access Road,
Raleigh, NC

Ken Martin

INDIANAPOLIS, IN  – Holliday Fenoglio Fowler, L.P. (HFF) it has arranged construction and land financing for the to-be developed Patriot Park in Raleigh, North Carolina. 

The initial construction at Patriot Park will include two Class A spec industrial buildings totaling 322,800 square feet, and, once fully built out, Patriot Park will total up to one million square feet. 

HFF worked on behalf of the developer, Strategic Capital Partners, Inc., to place the three-year loan with First Tennessee Bank.  Funding consists of two loans, the first loan funds the development of the two buildings, and the second loan funds the cost of acquiring the 96 acres of land for the facility and pad sites.

Located at 3921 IBM Access Road, the facility will be south of TW Alexander Drive and east of Miami Boulevard in Raleigh’s Research Triangle Park (RTP) submarket.

 The property is proximate to Interstate 40 and less than seven miles from Raleigh-Durham International Airport.  The 96 acres on which the facility will be constructed are some of the last large acreage tracts remaining in the RTP area. 

Cory Fowler

The construction will be completed in two phases beginning with the construction of two identical 161,400-square-foot, rear-load buildings on 15 acres and providing infrastructure for future phase II projects.  Expected completion for phase I is the first quarter of 2018. 

HFF’s debt placement team was led by senior director Ken Martin along with senior director Cory Fowler.

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

krmurphy@hfflp.com

www.hfflp.com

 or follow HFF on Twitter @HFF

http://strategiccapitalpartners.com

HFF arranges $17.5 million acquisition financing for three-building distribution facility in Fredericksburg, VA

CVS Caremark Corp. Distribution Facility, Fredericksburg, VA

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $17.5 million in acquisition financing for a three-building distribution facility totaling 487,897 square feet that is fully leased to CVS Caremark Corporation (CVS) in Fredericksburg, Virginia.

HFF, on behalf of the borrower, ARCTRUST, placed the 10-year, fixed-rate loan with Kansas City Life Insurance Company. 

Greg Nalbandian

The CVS distribution facility is a mission-critical facility, serving as one of the company’s 17 U.S. distribution centers and distributing to 377 CVS stores across Maryland, North Carolina, Virginia and the District of Columbia.

 The facility, which was completed in 1985 and expanded in 1995, consists of a main building housing a warehouse and offices, an aerosol storage facility and a truck repair facility. 

The buildings have 39-foot clear heights and a total of 65 dock-high doors with one drive-in loading dock.  Situated on 39.4 acres at 500 Lansdowne Road, the facility is located in northeast Virginia in the Great Fredericksburg industrial market.

The HFF debt placement team representing the seller was led by senior managing director Greg Nalbandian.

“We were able to identify an insurance company that understood the asset and met the client’s objectives by providing a 75-percent max LTV with a 10-year term and 30-year amortization,” Nalbandian said.  “Kansas City Life Insurance Company also offered prepayment flexibility, which was a critical requirement of the sponsor.”

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

krmurphy@hfflp.com

www.hfflp.com

 or follow HFF on Twitter @HFF

http://arctrust.com.

HFF secures $14.9 million financing for warehouse distribution building and land site in South Brunswick, NJ

83 Stults Road, South Brunswick, NJ

 FLORHAM PARK, NJ,  Aug. 9, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $14.9 million in financing for a 368,537-square-foot, rail-served warehouse distribution building and adjacent 16-acre development site located at 83 Stults Road in South Brunswick, New Jersey. 

Michael Klein

HFF worked on behalf of the borrower, a partnership between EverWest Real Estate Partners, LLC and Accordia Realty Ventures, to place the three-year, floating-rate loan through Malvern Federal Savings Bank (Malvern).

 Loan proceeds will be used to cover acquisition and closing costs associated with the purchase, pay for planned capital improvements to the property and used for soft costs associated with securing approvals for the development site.  The property is subject to a short-term sale-leaseback with Hermann Services Inc.

83 Stults Road is located two turns off Exit 8A of the New Jersey Turnpike (Interstate 95) in the Exit 8A industrial submarket, recognized as one of the nation’s leading industrial markets.

The property is in the epicenter of the Boston-Washington, D.C. corridor and is less than 40 miles from the Port of Newark/Elizabeth and Newark Liberty International Airport.

 Additionally, the property is 46 miles from New York City and 53 miles from Philadelphia.  83 Stults Road features a 24-foot clear ceiling height, 23 loading docks, one drive in dock and 14,745 square feet of office space. The borrower plans on subdividing the property and erecting a 200,000-square-foot warehouse on the adjacent land parcel.

Eric Tupler

The HFF debt placement team representing the borrower was led by managing director Michael Klein and senior managing director Eric Tupler.

“HFF is pleased to have secured financing on behalf of Everwest and Accordia for this acquisition,” Klein said.  “8A is one of the strongest industrial submarkets in the state and we’re confident that they will do extremely well with this property. 

“The property’s location and borrower’s experience with similar types of transactions allowed Malvern to provide a very competitive rate and a creative loan structure that will enable the borrower to easily execute its business plan during the loan term.”

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

krmurphy@hfflp.com

www.hfflp.com

 or follow HFF on Twitter @HFF

http://everwest.com.

http://www.accordiarealty.com

Varsity Tutors Plans Opening Of National Contact Center With Help of JLL

.

Ryan Bartos

Phoenix, AZ (PRWEB) -- Varsity Tutors, the live learning company that provides access to more than 30,000 experts on its platform, announced it is significantly expanding its sales and customer support team and footprint in the Phoenix area.

Working on behalf of Varsity Tutors, the Phoenix office of JLL has completed a new lease that will relocate the rapidly growing company from its current Scottsdale location to 40,000 square feet within Rio2100 in Tempe. The new location will serve as a national sales and customer support center.

Varsity Tutors connects students to experts for online, mobile, and instant instruction via its award-winning digital platform, as well as to in-person experts nationally. Named the 15th most innovative company in America by Entrepreneur, Varsity Tutors expanded into Arizona in September 2016.

After opening a sales office in Scottsdale with 25 employees, the company has since hired 50 additional team members. Varsity Tutors expects to reach 100+ employees in the Phoenix area by the close of 2017, with even more significant employee growth planned in 2018. Its new team members will fill open roles in sales, customer care, and operations.

A list of positions that are currently available can be found at https://www.varsitytutors.com/careers.

JLL Executive Vice President Ryan Bartos and Associate Kyle Seeger represented Varsity Tutors in the lease transaction. JLL’s Project and Development Services team will direct all tenant improvements.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Marcus & Millichap Arranges $925,000 Sale of Dunedin, FL Apartment Property

Michael Donaldson

DUNEDIN, FL, Aug. 9, 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 885 Beltrees Street, a 16-unit apartment property located in Dunedin, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $925,000.

Jason Hague, Michael Donaldson and Nicholas Meoli, 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 the three brokers.

“Beltrees Apartments was an off market transaction that we closed with a cash buyer,” stated Hague.  “The buyer owned assets in the immediate area and found this property to be particularly interesting due to the location.  The property did have some deferred maintenance issues which we were able to overcome and got the buyer to close in just over 30 days from the executed contract,” added Hague.

The Property is located at 885 Beltrees Street in Dunedin, Florida.

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700  

Artemis Real Estate Partners, Ackerman & Co. and MLL Capital Acquire 423,411-Square-Foot CHRISTUS San Antonio, TX Medical Portfolio

Northwest Towers I and II 
located in the 900-acre South Texas Medical Center,
 are on the campus of 
CHRISTUS Santa Rosa Hospital – Medical Center.

Atlanta, GA – A partnership between Artemis Real Estate Partners, Ackerman & Co. and MLL Capital has purchased a four-building medical office portfolio totaling 423,411 square feet in San Antonio, Texas.

The on-campus properties are located in two clusters. Two buildings are in the San Antonio CBD, adjacent to the $175-million San Pedro Creek redevelopment. The other two buildings are in the South Texas Medical Center – the largest medical research, education and healthcare provider in South Texas. 

Santa Rosa Professional Pavilion (128,578 SF) and Rosa Verde Tower (123,324 SF), located in the San Antonio CBD, sit on the CHRISTUS Children’s Hospital of San Antonio campus, which recently underwent a $135-million renovation and expansion.

Santa Rosa Professional Pavilion (128,578 SF)
 and Rosa Verde Tower (123,324 SF), 
located in the San Antonio CBD, sit on the CHRISTUS
 Children’s Hospital of San Antonio campus,
 which recently underwent
 a $135-million renovation and expansion.

 Northwest Towers I and II (171,509 SF), located in the 900-acre South Texas Medical Center, are on the campus of CHRISTUS Santa Rosa Hospital – Medical Center.

The new ownership will invest $27 million into renovating and leasing the portfolio. The result will be a high-quality medical office environment that will support world-class medical professionals, serve the area’s growing patient population and meet the strong demand for outpatient services. Property upgrades will include new building lobbies, the addition of common area improvements, parking upgrades, and state-of-the-art elevators and mechanical systems. 

Lee Asher, Chris Bodnar and Scott Herbold of CBRE represented the undisclosed seller in the transaction. Ed Cross and Brent Smith of Cushman & Wakefield San Antonio Commercial Advisors advised the buyer. Chad Gunter of Transwestern will lead leasing efforts on behalf of the new owners.  

Santa Rosa Pavillion

“It was an honor to work with our local expert partners and all the professionals at CHRISTUS to learn about the needs of the San Antonio community,” said Kris Miller, President of Ackerman & Co. “Our intent is to extend the success of the newly renovated Children’s Hospital into these buildings to create a first-class clinical environment for the delivery of medical care.” 

  

“As part of our mission to deliver top-quality medical space, our investment in these properties will be patient-centric, physician-friendly and community-minded,” said Kyle O’Connor, President of MLL Capital.   

“Medical office continues to be an asset class we believe has strong macro tailwinds and we are excited about the opportunity to reposition these assets into a best-in-class medical office portfolio,” added Rich Banjo, managing principal at Artemis.   

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

swebb@ACKERMANCO.NET

www.ackermanco.com

www.mllcapital.com.

www.artemisrep.com.

Marcus & Millichap Brokers $2.32 Million Sale of Riverwood Apartments in Ruskin, FL

Ned Roberts

RUSKIN, FL, Aug. 8, 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 Riverwood Apartments, a 45-unit apartment property located in Ruskin, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $2,325,000.

Ned Roberts, Michael Donaldson and Nicholas Meoli, 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 the three brokers and Daniel Aviles and Michael Lombardi, investment specialists in Marcus & Millichap’s New Jersey office.

"We leveraged Marcus & Millichap’s national footprint to sell this asset for the full asking price," said Ned Roberts. "The sale price per unit set a new record for multifamily assets of this size and class in Ruskin.”

Riverwood Apartments is located at 709 Oceanside Circle in Ruskin, Florida.

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700  

Marcus & Millichap Arranges $1.7 Million Sale of R & G Apartments in St. Petersburg, FL

Joshua Teplitzky

 ST. PETERSBURG, FL, August 8, 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 R & G Apartments, a 23-unit apartment property located in St Petersburg, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,700,000.

Joshua Teplitzky, Cameron Barbas, Francesco P. Carriera, and Michael P. Regan investment specialists 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 also secured and represented by the same brokers.  

“This transaction is yet another which represents our ability to bring out of area capital into our market regardless of asset size,” says Teplitzky.

“This property had a heavy value-add component in a significantly redeveloping area in St. Petersburg,” added Barbas. “The addition of local retail and dining, including but not limited to Fresh Market, Publix and Trader Joe’s has had a significant impact on both rents and property values in this submarket.”

 “Our ability to articulate and convey the tremendous growth path within this area led to a record breaking price point of $73,913 per unit for 91% unrenovated 1920’s product with majority one-bedroom floor plans,” concluded Teplitzky.

R & G Apartments is located at 800 32nd Avenue North in Saint Petersburg, Florida. 

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700  

HSA PrimeCare and USAA Real Estate Company Acquire 45,722 SF Medical Office Building in Plymouth, MN

Medical Office Building, Plymouth, MN

Jon Boley

CHICAGO, IL — The joint-venture equity fund established by USAA Real Estate and HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, announced the acquisition of a 45,722-square-foot medical office building in Plymouth, Minn.

The building is well-situated in the prominent western suburb of Minneapolis, within Plymouth’s City Center, which features abundant community amenities including an ice-skating area, Lifetime Fitness, a movie theater, and other shops, restaurants and public services.

Built in 2014, the Class A medical building is anchored by North Clinic, a large, independent physician group that occupies the full first floor. 

With five locations and over 80 physicians, North Clinic is a leading primary care and women’s healthcare services provider in the market. Institute for Athletic Medicine, a joint venture between North Memorial Health and Fairview Hospital, is another premier medical provider in the building. Institute for Athletic Medicine offers orthopedic and sports rehabilitation services.

Len O'Donnell

“This building and location are highly strategic for North Clinic and offer prospective tenants new, high-quality medical office space near the leading primary care provider in the market,” said Jon Boley, senior vice president of acquisitions and development at HSA PrimeCare. 

“We’re looking forward to partnering with local healthcare providers and further expanding HSA PrimeCare’s healthcare real estate services into the Minneapolis market.”

HSA PrimeCare and USAA Real Estate announced the formation of its joint-venture equity fund in 2016. It is positioned to acquire and develop a broad range of healthcare facilities across an 11-state territory in the Midwest.

“Alongside our partner, HSA PrimeCare, we are proud to expand our portfolio in alliance with leading health systems and private practice providers in the region,” commented Len O’Donnell, president and chief executive officer of USAA Real Estate. “This acquisition is another representation of our ongoing strategy to capitalize on emerging opportunities in the healthcare industry.”

  

Brian Bruggeman

HSA PrimeCare will be jointly managing the building with Minneapolis-based Frauenshuh Commercial Real Estate. Brian Bruggeman and Louis Suarez of Colliers International will be retained for leasing.

David Berglund of Colliers International represented the seller of the building.

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

Rebecca Boykin, rboykin@taylorjohnson.com, (312) 267-4523

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

www.usrealco.com

www.hsaprimecare.com.

Jason Scott Joins Arbor as Regional Managing Director, Southeast

 

Jason Scott

 UNIONDALE, NY (Aug. 7, 2017) - Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, is pleased to announce that Jason Scott has joined Arbor as Regional Managing Director, Southeast.

 Mr. Scott will target the southeast region for Arbor and will focus primarily on originating agency and structured loan transactions. He is based out of Arbor’s Atlanta office and reports directly to John Caulfield, Arbor’s Chief Operating Officer, Agency Lending.

With over 16 years of industry experience, Mr. Scott has extensive experience delivering client specific financing across all agency platforms as well as CMBS and structured loan products.

“We are thrilled to have Jason join the Arbor team as Regional Managing Director, Southeast,” said Mr. Caulfield. “Jason brings deep industry experience working on complex agency and structured transactions. Jason’s coming onboard reflects Arbor’s growing presence in this region and we believe his experience will greatly complement our efforts to serve our growing client base.”

John Caulfield

 For the past decade, Mr. Scott was employed by Regions Bank in Atlanta, most recently serving as a Director of Originations. 

He was also at RBC Capital Markets in Atlanta in their Real Estate Investment Banking division, working on mergers and acquisitions and raising both debt and equity for public REIT clients.

 In addition, he served as a Senior Associate, Investment Banking at FTI Capital Advisors/Andersen Corporate Finance in New York.

Mr. Scott holds a Master of Science in Real Estate Development from Columbia University and a Master of Business Administration from California Polytechnic State University. He graduated from the Virginia Polytechnic Institute and State University with a Bachelor of Science in Finance.

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

Arbor Realty Trust, Inc.                                                                   

Bonnie Habyan

333 Earle Ovington Blvd, Suite 900                                                 

516.506.4615

Uniondale, NY 11553                                                                      

 bhabyan@arbor.com

800.ARBOR.10

www.arbor.com

NAI Realvest Closes on Three Leases within 60 Days at Airport Commerce Center Totaling 12,320 Square Feet, Making the Orlando, FL Center 100 Percent Leased

Michael Heidrich

ORLANDO, FL. – NAI Realvest recently negotiated three lease agreements for a total of 12,320 rentable square feet of industrial space at Airport Commerce Center, 8350 Parkline Blvd. off Orange Ave. and McCoy Road in South Orlando. 

Michael Heidrich, a principal at NAI Realvest brokered the transactions representing the landlord Ohio-based Parkline Properties, LLC.

The new tenant who leased Unit 5 with 4,160 square feet boosting occupancy to 100 percent is XPO Unlimited, an internet service provider.

 Two tenants who signed lease renewals are Boricua Imports in Unit 4 with 4,160 square feet and Gulf Western Roofing & Sheet Metal in Unit 7 with 4,000 square feet.

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

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

Hold-Thyssen Negotiates Sale and Lease of Professional Office space in Pasco County, FL

Carol L. Kinnard

Trinity, FL  --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, with offices in Clearwater, recently negotiated the $240,000.00 all cash sale of a 1,640 square foot professional office condo at 1839 Health Care Drive in New Port Richey.  

Carol L. Kinnard, Transaction Specialist in Hold-Thyssen’s Clearwater office, negotiated the transaction, which took just 34 days from contract to closing, representing Sellers Daniel J. Lowenthal and Sujatha J. Lowenthal of Long Beach, Calif.    The buyer V&V Management Solutions, LLC, was represented by Commercial Asset Partners Realty.   

Kinnard also negotiated a new lease for 1,025 square feet of office space at 1842 Health Care Drive in Trinity representing Landlord Trinity Medical Holdings, Inc.   Tenant Fairway Independent Mortgage Corp. based in Madison, Wisconsin with 639 locations in the U.S., was represented in the transaction by Alpha Terra, Inc.

Hold-Thyssen based in Winter Park with offices in Clearwater, provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more than 100 commercial properties throughout the United States.

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

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