Hold-Thyssen Locates New Pasco County, FL Location for Klima Insurance Expansion

Carol L. Kinnard

Trinity, FL  --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park , with offices in Clearwater , recently negotiated a multi-year lease agreement representing a new tenant – Klima Insurance Services, Inc – at Trinity Professional Park .    

 The lease of Suite 102 with 1,935 square feet at 2160 Duck Slough Blvd. will be the new office of the growing insurance firm when it relocates from Tampa in October. 

2160 Duck Slough Boulevard offices located in Trinity Professional Park, Trinity, FL

Carol L. Kinnard, Transaction Specialist in Hold-Thyssen’s Clearwater office, brokered the transaction once she identified the site that will provide ample space for growth and reduce employee commuting times.   Martin Trinity Investments, LLC is the landlord. 

  

 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 .

CONTACTS: 

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, Inc. 

727-238-2876; Rfisher@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc.

407-691-0505, bhold@HoldThyssen.com

Beth Payan, Larry Vershel Communications Inc.

 407-644-4142 beth@larryvershel.com  

Marcus & Millichap Arranges $2 Million Sale of Tampa, FL Office Property

   

Jaclyn Blair

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 2902 North Armenia Avenue, a 14,221-square foot office property located in Tampa, Fla., according to Chris Travis, sales manager of the firm’s Tampa office. The asset sold for $2,100,000.

Jaclyn Blair and Devin Guilliams, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a developer.  The buyer, a partnership, was also secured and represented by the two brokers.

Devin Guilliams

“We were able to generate multiple offers on this deal in short amount of time, creating a competitive environment which benefited Seller,"  said Blair. "The property was placed under contract in 21 days and closed 60 days thereafter at an 8.00% cap rate which is 100-125 basis points lower than what we are seeing in this market so far this year,” 

Located at 2902 N Armenia Avenue, the office building is located in the heart of Tampa, Fla. 

 2902 North Armenia Avenue Office Property, Tampa, FL

 The property was built in 2011 in conjunction with a neighboring property, Mary Lee's House, a 30,000 square foot office building and Hillsborough County's first and only Child Advocacy and Protection Center. 

The tenants in the subject property strategically located there to provide similar and complimentary services to the neighboring property and the local community. 

The property has a history of long-term high occupancy and the current tenants are the original tenants who have grown and renewed since their original tenancies began.

Contact: 

Chris Travis

Sales Manager, Tampa

(813) 387-4700

JLL arranges $9.4 million refinancing for Chicago recreational facility

 The Armoury industrial facility at 404 North Armour Street and 1515 West Hubbard Street in Chicago’s River West submarket
and Kinzie Corridor

CHICAGO,IL – JLL announced  it has arranged a $9.4 million refinancing for The Armoury, a 46,040-square-foot infill industrial facility repurposed as an entertainment trampoline park and athletic training facility in Chicago, Illinois.

JLL worked on behalf of the borrower, a partnership between Clear Height Properties (“CHP”) and Diamond Realty Holdings (“DRH”), to place the 9.4-year, fixed-rate loan with a financial holding company.

Christopher Carroll

The Armoury comprises three adjacent industrial warehouses that recently underwent a multi-million-dollar renovation to be repurposed into a modern facility that functions as an entertainment trampoline park and athletic training facility, respectively. 

The property is fully leased to Altitude Trampoline Park, the second largest trampoline park brand in the world, and Performance Training Systems, a private athletic training facility that uses a scientific-based approach to improve clients overall physical performance. 

Located at 404 North Armour Street and 1515 West Hubbard Street in Chicago’s River West submarket and Kinzie Corridor, The Armoury is proximate to The Loop, Fulton Market and Chicago’s Expressway system. It is the only trampoline park in the city of Chicago within an eight-mile radius.

The JLL Capital Markets team representing the borrower was led by Managing Directors Christopher Carroll and Jason Bond as well as Director Lucas Borges. 

Jason Bond 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by 

Contact: Kimberly Steele, JLL Digital Content/PR Specialist

Phone: +1 713 852-3420

Email: kimberly.steele@am.jll.com

clearheight.com

jll.com

diamondrh.com 

The Keyes Company Closes $5.1 Million Multifamily Sale in Miami, FL

Carmen Siman 

MIAMI, FL --| The Keyes Company’s Carlos Villanueva and Carmen Siman completed the sale of a 30-unit apartment building in Miami for $5.1 million – or $170,000 per unit. The duo listed the 960 S. Le Jeune Road property on behalf of seller Vega’s Apartment Corp.

Villanueva - District Sales Manager of the firm’s Coral Gables office – and Siman were able to close the sale in three months. The buyer is CMC1 LLC of Miami.

The transaction closed on Sept. 13.

Carlos Villanueva

“We are thrilled to help the seller obtain this successful outcome,” Villanueva said. “Demand for multifamily product of all asset types remains incredibly strong throughout Miami-Dade County. This particular building benefits greatly from its location near Miami International Airport.”

Paul Nudelman of Marcus & Millichap represented the buyer in the transaction.

Paul Nudelman 

Keyes Commercial Real Estate ranked No. 10 in the South Florida Business Journal’s annual list of the largest commercial brokerages in South Florida, based on aggregate volume of sales and leases in the region.

In November 2018, Villanueva completed the $5.6 million sale of a portfolio of 57 rental apartments in Miami’s Little Havana neighborhood.

 

Mike Pappas 

“We congratulate Carlos and Carmen on another tremendous multifamily sale,” Keyes President and CEO Mike Pappas said. “The Keyes Commercial team continues to prove that our firm is a leader across all real estate sectors.”

Keyes is the largest independently owned real estate firm in Florida and a Top 30-ranked firm in the entire United States, and is extremely active in luxury residential real estate. In 2018, Keyes generated $6.7 billion in real estate services across its Family of Companies.

 CONTACT:

Eric Kalis, BoardroomPR

ekalis@boardroompr.com

954-370-8999

Tricera Capital Expands in Miami with Addition of Two New Team Members

Maria Valentina Lauria 

MIAMI, FL –– Tricera Capital, the Miami-based real estate investment firm, has announced the addition of associates Jonah Twist and Maria Valentina Lauria to the rapidly expanding company. Both will be based in Tricera’s Brickell headquarters.

Jonah Twist

 Twist and Lauria each bring significant real estate experience to Tricera.

 “We are thrilled to welcome Jonah and Maria to the Tricera family,” Tricera Co-Founder and Managing Principal Scott Sherman said. “Both will play an integral role in the continued growth of our company.”

Scott Sherman 

Before joining Tricera, Twist specialized in retail advisory and transaction services as an Associate with CBRE.

 He graduated from Florida State University with a Bachelor’s degree in Marketing and Real Estate. While there, Twist completed a Real Estate and Marketing internship with Student Housing Solutions.

 Lauria comes to Tricera from New York, where she served as an Asset Management Analyst at L+M Development Partners, assisting in managing operations for commercial and multi-family assets.

 She also spent nearly three years as an Analyst with Thor Equities, helping oversee underwriting and asset management for a mixed-use portfolio valued at more than $15 billion.

 Lauria earned her Bachelor’s degree in Business Administration from Babson College with a concentration in Finance and Economics and graduated cum laude.

Ben Mandell 

 Since its 2017 inception, Tricera has amassed a vast portfolio of commercial real estate in urban neighborhoods throughout the tri-county area of South Florida and St. Petersburg. 

The company is pursuing more opportunities in emerging and mature markets.

 “We are actively looking for talented individuals to grow with us as we take Tricera to new heights,” Co-Founder and Managing Principal Ben Mandell said.

 For more information, visit www.triceracap.com.

CONTACT:

Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Hold-Thyssen Completes Multi-Year Lease for Wireless Group at Enterprise Plaza in Orange City. FL

    

Darby Hold

ORANGE CITY, FL --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park , recently negotiated a multi-year lease agreement with AIO Wireless a/k/a Cricket Wireless at Enterprise Plaza , located at 2499 Enterprise Rd. in Orange City .

 Darby Hold, transaction specialist at Hold-Thyssen, who represented the Michigan-based Landlord Florida Premier-Enterprise LLC, said AIO Wireless leased 1,054 square feet of retail space in the strip center.  

Enterprise Plaza shopping center, Orange City, FL

 The tenant currently has 25 locations throughout Florida and plans future stores in the area soon.  They attribute their success to reliable voice, no-contract plans, fast LTE data and customer service.

 Hold-Thyssen, Inc. 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 that 100 commercial properties throughout the United States .

 CONTACTS:

 Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 

407-691-0505, afisher@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc.

407-691-0505, bhold@HoldThyssen.com

Beth Payan, Larry Vershel Communications Inc.

407-644-4142

or 407-461-3781

 Lvershelco@aol.com or beth@larryvershel.com  

   

Median-Priced Homes Remain Unaffordable for Average Wage Earners in 74 Percent of U.S. Housing Markets

Todd Teta

IRVINE, CA, Sept. 26, 2019 — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its Q3 2019 U.S. Home Affordability Report, which shows that median home prices in the third quarter of 2019 were not affordable for average wage earners in 371 of 498 U.S. counties analyzed in the report (74 percent).

 The largest populated counties where a median-priced home in the third quarter of 2019 was not affordable for average wage earners included Los Angeles County, CA; Cook County (Chicago), IL; Maricopa County (Phoenix), AZ; San Diego County, CA and Orange County, CA. Those same counties were in the top five in Q2 2019.

 The 127 counties (26 percent of the 498 counties analyzed in the report) where a median-priced home in the third quarter of 2019 was still affordable for average wage earners included Harris County (Houston), TX; Wayne County (Detroit), MI; Philadelphia County, PA; Cuyahoga County (Cleveland), OH; and Allegany County (Columbus), OH.

“Buying a home continues to be a rough road to navigate for the average wage earner in the United States," said Todd Teta, chief product officer with ATTOM Data Solutions.

"Prices are going up substantially faster than earnings in 2019 without any immediate end in sight, which continues to make home ownership difficult or impossible for a majority of single-income households and even for many families with two incomes,

“If there is any silver lining to the picture, it’s that mortgage rates have fallen back to historic lows. That’s softening the blow of rising prices and actually making home ownership a bit more attainable in most areas of the country.”

  

Media Contacts:

Christine Stricker

949.748.8428

christine.stricker@attomdata.com

Data and Report Licensing:

949.502.8313

datareports@attomdata.com