Thursday, September 13, 2018

Marshall Hotels & Resorts Announces Grand Opening of 63-Room Hotel Indigo Birmingham Five Points S-UAB

63-room Hotel Indigo Birmingham Five Points S-UAB, Birmingham, AL

BIRMINGHAM, AL, Sept. 13, 2018Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, today announced the grand opening of the 63-room Hotel Indigo Birmingham Five Points S-UAB in Ala.

The hotel completed a $5 million renovation to convert the property from the Hotel Highland Downtown, bringing it to “like-new” status.

“Having completed an extensive makeover to enhance guest rooms and public spaces, the Hotel Indigo Birmingham Five Points S-UAB has become the ‘newest’ InterContinental Hotel Group (IHG) property to enter the market in recent years,” said Mike Marshall, president and CEO, Marshall Hotels & Resorts.


Michael Marshall
 “We went to great lengths to maintain the original building’s Art Deco architecture and medical arts history while adding a number of touches that today’s business and leisure travelers require, from high speed Internet access in all areas to large public spaces perfect for gathering.”

Located in the Five Points South area, Birmingham’s arts, entertainment and dining district, the hotel is central to such attractions as Birmingham Botanical Gardens, McWane Science Center and the Birmingham Civil Rights Museum.

Guest rooms combine area culture and history, with such amenities as plush lounge chairs, 49” HDTVs, high-speed internet access and oversized work spaces.  The hotel’s 28 suites also include a relaxing sitting area with wet bar, Keurig coffee machine and mini-refrigerator in the living room.

 Additional hotel amenities include Aveda bath products, spa-like showers, fitness center, valet parking and luxury linens. 

Rx Lounge, Hotel Indigo, Birmingham, AL
The hotel also features the Rx Lounge, a themed bar and restaurant that captures the building’s medical arts origins.  Guests can unwind with specialty cocktails and smoke infused whiskeys from a menu that features a number of “ale-ments, anti-oxidants and effervescents” that include numerous, local craft beers, wines and champagnes/proseccos.  The Rx Lounge provides full breakfast, lunch and dinner menus, as well.


“While we have nearly two dozen hotels throughout the Southern United States ranging from Georgia to Florida, the Hotel Indigo Birmingham Five Points S-UAB marks our first entry into the Heart of Dixie,” Marshall noted.  “We are seeking additional growth opportunities in the area and can think of no better ‘first impression’ on our new neighbors than this newest addition to downtown Birmingham.”

 CONTACTS:


PATRICK DALY
OFFICE MANAGER
DALY GRAY PUBLIC RELATIONS, INC.
620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289

or

Chris Daly, media
 Daly Gray Public Relations
  (703) 435-6293


HFF announces $7.4 million sale of Class A office building in Sarasota, FL


Lake Osprey Building at Lakewood Ranch, Lakewood Ranch, FL

ORLANDO, FL , Sept.13, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $7.4 million sale of the Lake Osprey Building at Lakewood Ranch, a 34,103-square-foot, Class A office building in the Sarasota-area community of Lakewood Ranch, Florida.

The HFF team represented the seller, TCA 12, LLC, and procured the buyer, Lawrence Holdings, LLC.

Robbie McEwan
Lake Osprey Building at Lakewood Ranch is located at 6230 University Parkway in Lakewood Ranch, the third highest selling master planned community in the nation in 2017. 

 The 2.5-acre site is a half mile from Interstate 75 and six miles northeast of downtown Sarasota.  Completed in 2007, the three-story, multi-tenant office building is fully leased to a mix of local and national tenants, including HomeBanc, Sarasota Orthopedic Group, PrismHR, Medical Sales College and Becker & Poliakoff, PA.

The HFF investment advisory team representing the seller included senior director Robbie McEwan, CCIM. 

“This sale demonstrates both the high demand for and significant amount of capital chasing office investment product in this submarket and greater Sarasota, particularly in the middle market $5 - $20 million price tranche,” McEwan said. 

 “We received a significant amount of interest from not only local buyers but national and international groups as well.”


CONTACTS:

ROBBIE MCEWAN
FL Lic. #SL3207356
HFF Senior Director
(407) 745-3900

KRISTEN MURPHY
HFF Director, Public Relations
(617) 848-1572


Marcus & Millichap Handles $7.3 Million Sale of 13,824-SF CVS Site in Naples, FL


  
CVS Property, 4890 Tamiami Trail East, Naples, FL


Alan Lipsky

NAPLES , FL,  Sept. 13, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of CVS, a 13,824-square foot net-leased property located in Naples, Fla., according to Ryan Nee, vice president / regional manager of the firm’s Fort Lauderdale office.

 The asset sold for $7,300,000.

We received numerous offers for the property and closed at an aggressive cap rate with a local buyer in the Naples area,” stated Alan Lipsky, a vice president of investments, in Marcus & Millichap’s Fort Lauderdale office.

Lipsky, Barry M. Wolfe, senior managing director investments, and Evan Whelan, associate, all located in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

Barry M. Wolfe
The buyer, a private investor, was secured and represented by Stephen Westerberg, first vice president investments, in Marcus & Millichap’s Stamford office. 

CVS is located at 4890 Tamiami Trail East in Naples.  The property is located off Tamiami Trail, which has a Daily Traffic Count of approximately 42,000 Vehicles.


  Contact:

 Ryan Nee
Vice President / Regional Manager,
 Fort Lauderdale, FL
(954) 245-3400

Plaza Advisors Announces Sale of Vine Street Square in Kissimmee, FL


Vine Street Square Shopping Center, Kissimmee, FL

 
Jim Michalak
TAMPA, FL -- Plaza Advisors is pleased to announce the sale of the Vine Street Square shopping center in Kissimmee, Florida.

The 114,071 sf plaza is anchored by a Walmart Neighborhood Market, Office Max, and Dollar Tree. Other significant tenants include: Humana, CAC FL Medical Centers, Mattress One, Cosmo Prof, Domino’s Pizza, H&R Block and MetroPCS. 

The asset was 99% occupied at the time of sale.

The seller was Cincinnati based Phillips Edison & Company. An undisclosed private equity group was the purchaser. 

Jim Michalak and Keith Nurre, senior analyst, represented the seller. Plaza Advisors was the sole broker involved in the transaction.

Keith Nurre
“Demand for Florida retail product, particularly grocery anchored assets, remains robust”. noted Michalak. 

“The various economic dynamics of Florida, including strong population growth, a thriving economy and relocating retirees, continue to drive investment demand and provide a “safe haven” for capital placement by both domestic and foreign investors”.

 Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the Southeastern United States. 

Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks. 

  Contact:

Jim Michalak
Managing Partner
Plaza Advisors
 3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 1
Fax 831.2627


NEXT Oncology Signs 11-Year, 19,948-SF Lease at Medical Center Tower I on CHRISTUS Santa Rosa Campus in San Antonio, TX

Medical Center Tower I on Campus of CHRISTUS San Rosa Hospital - Medical Center, San Antonio, TX

Anthony Tolcher

SAN ANTONIO, TX,  Sept. 13, 2018 – NEXT Oncology has signed an 11-year, 19,948-square-foot lease at Medical Center Tower I, located on the campus of CHRISTUS Santa Rosa Hospital – Medical Center.

Launched by cancer researcher Anthony Tolcher, NEXT Oncology has established a Phase 1 cancer research center and treatment practice for advanced cancer patients in the medical tower.

 Medical Center Tower I – together with neighboring Medical Center Tower II – are part of 4-building, 423,411-square-foot San Antonio medical office portfolio Ackerman & Co. purchased with partners Artemis Real Estate Partners and MLL Capital in 2017.

Chad Gunter
 Chad Gunter of Transwestern represented ownership in the transaction and Scott Herbold of CBRE represented NEXT Oncology.

 “We’re excited to close this lease with NEXT Oncology to accommodate their need for clinical exam space as well as its Phase 1 cancer center dedicated to developing anticancer breakthroughs,” said Kyle O’Connor, principal, MLL Capital.

 “This transaction continues our leasing momentum at Medical Center Towers I & II, where we have completed a number of new leases and renewals in the past year.”

Paul Barker
In addition to the NEXT Oncology lease, Gunter has completed two 6-year renewals (3,348 square feet and 3,802 square feet) with CHRISTUS Santa Rosa Health Care in Medical Center Tower II. Paul Barker of Endura Advisory Group represented the tenants.

 In addition to Medical Center Tower I & II, the partnership’s San Antonio portfolio includes Santa Rosa Professional Pavilion and Rosa Verde Tower, located on the CHRISTUS Children’s Hospital of San Antonio campus.

 Contact:

 Steve Webb 
swebb@ACKERMANCO.NET


Wednesday, September 12, 2018

Lincoln Property Co. Closes on Multi-Year Leases with Fed-X and Americans for Prosperity at Airport Business Center in Orlando, FL



ORLANDO , Fla. – Lincoln Property Co. Southeast, a full service commercial real estate firm based in Orlando , recently completed two multi-year lease agreements at Airport Business Center totaling 5,989 rentable square feet.
The six-building, nearly 200,000 square foot Airport Business Center is located at 5730-5892 S. Semoran Blvd. at the intersection of Hoffner Ave. (CR15) north of Orlando International Airport .
Sean DuPree, Broker at Lincoln Property, who handles leasing at Airport Business Center , negotiated the transactions on behalf of the Landlord RCS-Orlando Airport 371 LLC of Louisville , CO.
Federal Express Corporation based in Memphis , TN leases Unit 5818 with 3,031 square feet; and
Sean Dupree
Americans for Prosperity, a non-profit advocacy and education organization headquartered in Washington D.C. , leases 2,958 square feet    
Contacts:

Sean DuPree, CCIM, Director of Sales/Leasing, Lincoln Property Company 
407-872-3500 sdupree@lpc.com

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

Megatel Capital Investment Promotes Kris Masias to Vice President, Sales Desk and Operations


Kris Masias
DALLAS– Megatel Capital Investment, the capital markets division of Megatel Homes, announced the company has promoted Kris Masias to vice president, sales desk and operations.

“Kris Masias, a seasoned and talented financial services professional, has proven to be a key asset to our company,” said Executive Vice President and Managing Director William “Trey” Hoppe III.

 “Kris’s organizational and management skills coupled with his decade of experience in the industry position him as the ideal person to help drive Megatel’s strategic growth initiatives.”

With 10 years of experience in the financial services industry, Masias previously served as associate vice president of sales, central territory/RIA channel at Megatel.

Stormi Mills
 Prior to his tenure at the company, Masias spent time as the regional vice president of sales for Voya Financial, a Fortune-500 retirement services provider.

Masias earned his bachelor of economics degree from the University of Connecticut and currently holds FINRA Series 6, 7, 22, 63 and a Texas Life and Health License. He is currently preparing for the FINRA Series 24 exam.

In addition to the promotion of Kris Masias, the company also announced the promotion of Stormi Mills to operations and client relationship manager.

Specializing in broker-dealer and client relationships, Mills previously served as operations administrator for the company and has more than a decade of operational and customer service experience in the alternative investments industry.

William 'Trey' Hoppe III
Megatel Capital Investment (MCI) is the Capital Markets division of Megatel Homes and is one of the largest builders of single-family homes in the North Texas Market.

Based on research and findings of the current real estate market and economic trends, MCI believes that there will be continued growth in the foreseeable future for buyer demand of quality homes. 

Their efforts are currently focused on providing the capital needed to develop quality-built, custom home communities in fast-growing population centers primarily in Texas and Oklahoma.

Contact:

Lauren Burgos
Spotlight Marketing Communications
949.427.1399
lauren@spotlightmarcom.com


Marcus & Millichap Brokers $13 Million Sale of Baldwin Park I & II in Orlando, FL


Baldwin Park I and II, Baldwin Park Submarket, Orlando, FL

Chris Travis
ORLANDO, FL, Sept. 12, 2018 – 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 Baldwin Park I & II, a 64,810-square foot Class A two building office portfolio located in the heart of the Baldwin Park submarket of Orlando, FL, according to Justin W. West, regional manager of the firm’s Orlando office.

The asset sold for $13,010,000.

Ray Turchi
Chris Travis and Ray Turchi in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a private investor. 

Baldwin Park I & II is located at 4750 & 4776 New Broad St in Orlando, FL.   The buyer was also a private investor.

Contact:

 Justin W. West
Vice President / Regional Manager, Orlando
(407) 557-3800


EagleBridge Capital Arranges $14 Million Mortgage for One United Drive in West Bridgewater, MA


  
One United Drive, Manufacturing and Distribution Building,
West Bridgewater, MA

Boston, MA -- EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $14,000,000 for One United Drive located in West Bridgewater, Massachusetts. 

Brian Sheehan
The mortgage financing was arranged by EagleBridge principals Brian Sheehan and Ted Sidel who stated that the loan was provided by a leading Massachusetts based financial institution.

One United Drive is the home of Cheer Pack North America (CPNA).  Cheer Pack North America is the leading developer and manufacturer of proprietary spouted pouches and packaging equipment for the food and beverage industry. 

Its products are used in in the packaging of baby food, children’s snacks, dressings, condiments, beverages, refrigerated dairy, pet food, lotions, sunscreens, household cleaners and other food and non-food items.

One United Drive is a 315,000 square foot, manufacturing/distribution building comprised of 30,000 square feet of office space and 285,000 square feet of manufacturing and distribution space on a 29.86 acre site.

Ted Sidel
Clear heights in the manufacturing /distribution portion of the building range from 22’ to 25’.  There are 40 loading docks.  Parking is available for 327 vehicles. 

The building is highly energy efficient with a 2,144 KW rooftop solar installation covering the entire roof. It is one of the largest rooftop solar industrial building installations in New England.

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

Stanley J. Sidel
Senior Advisor
EagleBridge Capital
One Boston Place, Suite 2600
Boston, MA 02108
Tel: 617-292-7177 Ext. 300

Tuesday, September 11, 2018

Marcus & Millichap Announce Exclusive $16 Million Listing of 20-Unit Apartment Building and Office Property in Miami Beach, FL




MIAMI BEACH, FL– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the exclusive listing of 200-212 Collins Avenue, a 20-unit apartment building and an office building located in Miami Beach, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office.

200--212 Collins Avenue Apartments,
South Beach, FL
The asset is listed at $16,000,000.

Alex D. Zylberglait and Francisco Baserva, investment specialists in Marcus & Millichap’s Miami office, have the exclusive listing to market the property on behalf of the seller, a private investor. 

.

Alex Zylberglait
200-212 Collins Avenue is in the South Beach section of Miami Beach, FL

  Located in the prestigious South of Fifth neighborhood, this is one the area’s most prominent corners featuring unrestricted views to Washington Community Garden to the West, and direct views to Washington Park - Big Dog Run looking South across 2nd Street. 

 In addition, the property is within feet of the Atlantic’s sunny beaches, and just a couple of blocks from the beautiful South Pointe Park, a 17-acre waterfront park and pier.

This highly desirable trophy site is surrounded by some of Miami Beach's most iconic restaurant and entertainment venues such as Joes Stone Crab and Prime 112 restaurant, located within a short walk.

Francisco Baserva
 In recent years the 20-unit apartment building underwent major renovations including: gated access; impact windows; split air-conditioning units; individualized utility meters; and a surveillance system.

The office building is owner-occupied and its home of the world-renowned Maps Production House, founded by South Beach pioneer Paul Lardi back in the ‘90’s.

The property is zoned (R-PS-3) which allows for multiple residential uses, apartment-hotels, and hotels. It’s believed that the highest-and-best future use of the combined property is for the re-development of a hotel project with a condominium component.

Contact:

Scott Lunine
Vice President / Regional Manager, 
Miami, FL
(786) 522-7000

Monday, September 10, 2018

Marcus & Millichap Arranges $4 Million Sale of 34-Unit Gulfstream Apartments in Lake Worth, FL


Evan Richardson
LAKE WORTH, 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 Gulfstream Apartments, a 34-unit apartment property located in Lake Worth, Fla., according to Ryan Nee, vice president / regional manager of the firm’s Fort Lauderdale office.

 The asset sold for $4 million.

Gulfstream Apartments presents the buyer with an excellent opportunity to purchase a well performing asset that also has added value potential through updating unit interiors and increasing rents to market rates,” stated Evan Richardson, senior associate, in Marcus & Millichap’s Fort Lauderdale office.

Daniel J. Cunningham
Richardson, Daniel J. Cunningham, first vice president investments, and Derek R. Gibbs, 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.

Gulfstream Apartments is located at 4691 Gulfstream Road in Lake Worth. The property consists of 34 multifamily units across 17 duplex buildings and seven parcels all located on Gulfstream Road.

 Eighteen of the units are large two bedroom/one bathroom and the remaining 16 units are three bedroom/one bathroom.


CONTACT:

 Ryan Nee
Vice President / Regional Manager,
 Fort Lauderdale, FL
(954) 245-3400