Marcus & Millichap Brokers $1.47 Million Sale of 32-Unit Crystal River Apartments in Crystal River, FL

 

Francesco P. Carriera

CRYSTAL RIVER, 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 Crystal River Apartments, a 32-unit apartment property located in Crystal River, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,475,000.

Michael P. Regan

Francesco P. Carriera, Michael P. Regan, Benjamin Skinner, Cameron S. Barbas and Joshua Teplitzky, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.

“Built in the 1980’s, Crystal River Apartments presented a unique opportunity for investors to gain a strong cash flowing asset, located in a tertiary market with an expanding economy. 

The buyer was attracted to this property due to the number of units it offered, its location just north of the Tampa Bay MSA, and it’s a turn-key characteristic” stated Skinner.

Benjamin Skinner

Crystal River Apartments is located directly off of North Suncoast Boulevard the city's major office and retail corridor, experiencing an average daily traffic count of over 29,000 vehicles per day. North Suncoast Boulevard offers exceptional access to the major employment center of the area, Duke Energy's Coal and Nuclear Power Plant, a surplus of national retailers, numerous attractions and Crystal River Airport. 

Located less than twenty-minutes north of North Suncoast Boulevard is the Crystal River Coal and Nuclear Power Plant (2,000 plus employees), which is currently undergoing a massive expansion including the construction of the Citrus Combined-Cycle Natural Gas Plant. Crystal River Apartments is located at 8570 West Mayo Drive in Crystal River, Florida. 

For more information, please contact:

Crystal Marino
Brokerage Administrator/Front Desk
Marcus & Millichap 4030 W. Boy Scout Boulevard Suite 850 Tampa, FL 33607 (813) 387-4700 main (813) 380-7694 mobile (813) 387-4710 faxcrystal.marino@marcusmillichap.com
Follow us on:        NYSE: MMI

 OR 

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

  

The Keyes Company’s Billy Nash to Star in Upcoming Season of “Selling Mega Mansions”

Billy Nash

MIAMI and PALM BEACH, FL,  July 13, 2018 –- Billy Nash of The Keyes Company’s Nash Luxury is set to star in the third season of “Selling Mega Mansions,” a reality show spotlighting ultra-luxury real estate brokers on cable network’s AWE – A Wealth of Entertainment.

Nash is featured in seven episodes of the show’s third season, which is expected to premiere in the next few weeks.

Kevin Leonard

“Selling Mega Mansions” follows brokers around as they help high-end clients find dream homes in some of the world’s most desirable locations.

Nash takes viewers inside mansions in world-class South Florida neighborhoods such as Fisher Island, Palm Island – where Nash tours Al Capone’s former waterfront estate, Jack Nicklaus’ Bear’s Club in Jupiter, Mirasol in Palm Beach Gardens and Old Palm, known for its championship golf course designed by golf legend Raymond Floyd.

Tracy Wheelock

During the episodes, Nash showcases these one-of-a-kind properties by land and sea. He also leveraged a longstanding relationship with Braman Motorcars to incorporate the company’s Bentley and Rolls-Royce collections.

“Billy Nash has consistently utilized the Keyes technology, marketing, infrastructure and implemented his own creative and innovative strategies to become a household name in the luxury real estate,” Keyes Vice President of Luxury Kevin Leonard said.

Peter Dirlis

“His starring role on ‘Selling Mega Mansions’ is another example of that. We congratulate Billy and Tracy Wheelock of Nash Luxury and can’t wait to see them in action.”

AWE reaches 50 million households around the world. It is carried by numerous cable providers, including Amazon Prime, Apple TV, AT&T U-verse, DirecTV, Dish Network, Roku TV and Verizon FiOS.

Robert Bennett

Nash has enjoyed a rapid rise in the luxury real estate industry since joining Keyes just three years ago following more than 20 years working on Wall Street. He was honored as Keyes’ Rookie of the Year in 2016 and is on pace to generate more than $100 million in sales in only three years. 

“It is an honor to represent Keyes-Illustrated Properties in a show that will be seen around the world,” Nash said. “The 12-hour days of filming were long, but it was an awesome experience and an opportunity for people around the world to see what we do best.

"A special thanks to Peter Dirlis and Robert Bennett at [show producer] Supermassive Productions and director Jeff Boos for their hard work and professionalism.”

Nash is represented by renowned New York-based entertainment attorney David Fritz of Boyarski Fritz LLP.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in all segments of residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

David Fritz

The Keyes Family of Companies is the largest independently-owned real estate firm in Florida and a Top 30-ranked firm in the entire United States.

In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands.

 In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the sales volume of their closest competitor.

For more information, please contact:

Eric Kalis or Jasmin Curtiss, BoardroomPR

ekalis@boardroompr.com/jcurtiss@boardroompr.com

954-370-8999

HFF announces sale of neighborhood retail center in San Marcos, TX

San Marcos Place Shopping Center, San Marcos, TX

 AUSTIN, TX –– HFF announces the sale of San Marcos Place, a 73,745-square-foot neighborhood shopping center with office space in San Marcos, Texas.

HFF team represented the seller, Robb Lane, Ltd.  NAI Investment Fund, the private equity arm of commercial real estate brokerage, purchased the asset for an undisclosed price.

Andrew Pappas

  San Marcos Place is the first acquisition for NAI Investment Fund’s recently raised Fund II, and the purchase of this asset marks the fifth transaction completed in 12 months by NAI Investment Fund, which is led by Senior Vice President Andrew Pappas.

San Marcos Place shopping center is 80 percent leased to a mix of national and regional tenants, including Half Priced Books, Plato’s Closet, China Palace Buffet, Nationwide Insurance, Pizza Hut, Best Buy Call Center and Laundrymate. 

Cathy Nabours

Completed in 1985, the center received capital upgrades in 2015.  The center is situated on 6.59 acres at 900 Bugg Lane in San Marcos, which is halfway between Austin and San Antonio along the Interstate 35 corridor and named the fastest-growing city in the United States. 

 Less than a mile from the 38,000-student Texas State University, San Marcos Place is visible to more than 132,000 vehicles per day from Interstate 35 and proximate to The Lyndon, a new, premier mixed-use development with student housing and retail. 

Walter Saad

HFF’s investment advisory team representing the seller included managing directors Cathy Nabours and Walter Saad and director Drew Fuller. 

“Mark Shields and his partners have owned San Marcos Place since the early 1990s, and, at just over 80 percent occupancy, the center will be a great value-add investment for NAI Investment Fund,” Nabours said. 

Drew Fuller

 “This was our team’s first time working with this buyer and look forward to the opportunity to work with Andrew and his team again in the future.”

Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.

Primus Real Estate Services, LLP is a commercial retail real estate development and brokerage firm located in Austin, Texas.  Visit http://www.primusre.com for more information.

Mark Shields

NAI Partners is the 5th-largest Houston-Area commercial real estate Brokerage, the No. 1 Mover of Square Feet among leasing and sales brokerages, the largest independently owned and among the largest owner-operated commercial real estate firms in Houston, Texas, per The Houston Business Journal. 

 For more information, please visit us on the web at www.naipartners.com.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

HFF announces sale of Allegiance Crane & Equipment headquarters in South Florida

Tracey Goo

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a 31,593-square-foot warehouse and office property that serves as the corporate headquarters for Allegiance Crane & Equipment in the South Florida community of Pompano Beach.

 

Jesse Wright

HFF marketed the property on behalf of the seller, LRG Cross LLC.  CenterPoint Properties Trust purchased the asset. 

The facility consists of two buildings that comprise 23,853 square feet of warehouse and 7,740 square feet of office space. 

Allegiance Crane & Equipment, which provides crane rental and rigging services, has occupied the property since 2010 and uses it as its headquarters and warehouse facility to service the construction, energy and infrastructure industries. 

Situated on 5.01 acres at 777 South Andrews Avenue, the property is strategically located in Pompano Beach, just west of Interstate 95 and three miles east of Florida’s Turnpike, Florida’s two major north-south thoroughfares. 

Maxx Carney

Its location lends it easy access to South Florida’s largest metropolitan areas, including Miami, Fort Lauderdale and West Palm Beach.

The HFF investment advisory team representing the seller included Tracey Goo, Maxx Carney, Nick Foster, Jesse Wright and Luis Castillo.

“Investor interest for industrial properties in South Florida continues to be very robust,” Goo said.  “We received a number of aggressive offers that incorporated accelerated due diligence and closing timeframes.  A material pricing premium is available for industrial assets right now.”

Nick Foster

HFF closed more than 1.3 million square feet of South Florida industrial sales last month.

CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. 

 The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes.  

CenterPoint’s portfolio includes 58.9 million square feet and 2,386 acres under development in the company’s integrated intermodal industrial parks. 

Luis Castillo

 For more information on CenterPoint Properties, visit www.centerpoint.com or follow@centerpointprop on Twitter.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

Spirit Airlines Expands Corporate Headquarters at Miramar Park of Commerce in Miramar, FL

Maridee Bell

MIRAMAR, FL – Spirit Airlines (NYSE:SAVE) has expanded its corporate headquarters by 26,287 sq. ft. at the Miramar Park of Commerce, South Florida’s largest locally owned and managed business park.

Lauren Pace

Spirit Airlines first established its headquarters at the Park in 1999 with a lease for 56,194 sq. ft. at 2800 Executive Way. With a 14,625 sq.-ft. expansion in 2013 and the latest addition, Spirit now occupies a total of 97,106 sq. ft. at the Park.

Derek Dombrowski

“Our expansion at the Park is commensurate with Spirit’s overall growth as a company,” said Chip Sandifer of Spirit Airlines. “Our expanding aircraft fleet requires increased support to accommodate more passengers, both from a customer service and an operational perspective.”

In the last six months, Spirit has added seven new planes to its Fit Fleet^®, the country’s newest fleet consisting of the youngest planes.

Spirit Airlines is the eighth largest commercial airline in North America, conducting flights among 67 airports in 15 countries. Fort Lauderdale / Hollywood International Airport is its largest and most active station with 54 destinations accessible via 65 daily flights.

“With this expansion, Spirit has nearly doubled in size since first leasing with us,” said Vice President Maridee Bell of Sunbeam Properties, developer of the Miramar Park of Commerce.

Rod Laschiavo

“Since relocating its corporate headquarters to Miramar in 1999, the Park has been ideal for the airline due in part to its accessibility and central location in South Florida, which benefits employees based in both Broward and Miami-Dade counties.”

Spirit Airlines employs approximately 1,000 team members at the Miramar Park of Commerce. “We are growing and adding jobs all the time,” added Derek Dombrowski, spokesperson for Spirit Airlines.

The company anticipates additional growth as it becomes the first ultra-low cost carrier in the Americas to offer Wi-Fi, with plans to install Wi-Fi on all of its planes by summer 2019.

The Park was represented by Bell and Lauren Pace of Sunbeam Properties & Development in the transaction. Spirit Airlines was represented by Rod Loschiavo and David Matthews of JLL.

For more information please contact:

Maria Pierson

954-776-1999, ext. 222

mpierson@piersongrant.com

Harbert Realty Services Brokers 12,250-SF Commercial Lease in Sanford, FL

Buffy Gillette

ORLANDO, FL – Buffy Gillette, Director of Leasing & Sales for Harbert Realty Services announced the completion of a 12,250 square foot lease in Sanford, FL.

Gillette handled the lease for Project Management & Installation (PM&I) at 3864 Caboose Lane.  This is a new construction project and the Tenant built out space to meet their growing needs. 

This commercial office furniture installation team nearly tripled in size in the last year as demand for their services and expertise increased significantly.  PM&I is known for their high performance, quality customer service and seamless set up and delivery.

For more information please contact:

Kim Varagona,

 kvaragona@harbertrealty.com

Who´s Who in Luxury Real Estate™ Selects Engel & Völkers Snell Real Estate To Host Largest Luxury Real Estate Conference

Los Cabos, Mexico -- For the first time in history, Engel & Völkers Snell Real Estate has been selected by Who's Who in Luxury Real Estate™ to host the 2019 Luxury Real Estate Spring Retreat. 

More than 500 top industry professionals, international leaders, and masters in the field will meet in Los Cabos to network and foster business. 

With a 25-year history of presenting conferences in key market locations including Beverly Hills, Miami, Maui, Seattle, Toronto, London and more, the Luxury Real Estate network now welcomes Los Cabos, Mexico to its growing list of symposium destinations, and Engel & Völkers Snell Real Estate is preparing the way for an industry game changer experience.

Vanessa Fukunaga

¨Our approach, passion, and overall vision to making this happen has been an exciting journey and now what a true honor this is to host such a unique networking platform right here in Los Cabos," states Vanessa Fukunaga, Owner, President | CEO of Engel & Völkers Snell Real Estate.

"The opportunity to showcase the true value of our brokerage, our listings, and the destination is one that will allow us to further reinforce our foothold in the luxury market and service our global community,¨ 

For more information please contact:

Tania Ashby
Public Relations
Tania.ashby@engelvoelkers.com
866.650.5845 (Toll-free)
www.snellrealestate.com

Henin Closes Sale of 49 Homesites at Springview Woods in DeBary, FL

DeBary, FL --- The Henin Group, developer of the luxury Riviera Bella community overlooking the St. Johns River, has closed on the sale of 49 single-family home sites at Springview Woods in DeBary to homebuilder D.R. Horton.

Springview Woods is an affordable new home community Henin is developing with a total of 195 home sites on Spring Vista Drive off U.S. Hwy. 17-92 midway between Dirksen Drive and Highbanks Rd. 

Jerome Henin

Jerome Henin, president of the Winter Park-based firm, said he acquired one of the last parcels of developable land totaling 64 acres in the Springview subdivision for $3.85 million in 2016 from Springview Heights, LLC.    

The 49 homesites represent Phase I of Springview Woods where D.R. Horton is the preferred builder who plans to start construction in June on its first model home. 

The homebuilder plans to offer one and two-story homes in six distinct designs priced from the low-$200s.  Sales are expected to get underway this summer.  

Springview Woods is located minutes from the West Volusia SunRail station and Interstate 4.   Residents will have easy access to shopping, dining, hospitals, medical services, airports, entertainment and employment centers.  

*  *  *

 For more information, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 

407-644-4142 Lvershelco@aol.com

Blackton to Supply Flooring for The Villages’ Homes Coming to New Communities across 5,600 Acres in Wildwood, FL

Orlando, FL and Wildwood, FL --- Blackton, Inc., based in Orlando and one of the region’s largest and most active suppliers of materials to the homebuilding industry, will supply flooring materials for homes in new communities within the 5,600 acres The Villages Land Company LLC recently acquired from City of Wildwood.

Initially The Villages of Westlake will take shape within the acquired land on 1,115 acres which is approved for a 3,000-home development along the Florida Turnpike near the intersections of West CR 470 and SR 48. 

Blackton is currently supplying flooring to new homes at The Village of Fenney, one of the developer’s newest neighborhoods currently underway and adjacent to the recently acquired acreage.

Michael “Micky” Blackton, chairman and CEO of Blackton, Inc., said his family-owned business has been partnering with The Villages on both flooring and roofing for over a decade. 

“The Villages has been a loyal client and we look forward to supplying their needs in the years to come,” he said, adding “Active adults will continue to retire to Florida as they have for over a century. The Villages can supply them and we can supply The Villages.”

Ultimately 22,000 new homes will be built within the newly acquired 5,600 acres between CR 501 and the Turnpike south of CR 470, which includes several hundred acres earmarked for conservation.

The Villages retirement community comprising 34 square miles in Lake, Sumter and Marion Counties was ranked last year as the fastest growing U.S. metro area for the fourth year in a row by the U.S. Census Bureau.  The average price of a home in The Villages was at $259,700 as of April 30 according to the Zillow Home Value Index. 

  

 For more information, please contact:

Michael “Micky” Blackton, Chairman, Blackton Inc. 407-898-2661 Micky@Blacktoninc.com

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