Tuesday, November 4, 2008

Arbor Closes Three Loan Deals Totaling $19M

Woodside Glen Apartments in Montgomery, AL Gets $11.93M Fannie Mae DUS(r)FRM Loan

UNIONDALE, NY, Nov. 4, 2008- – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $11,934,700 loan under the Fannie Mae DUS®FRM product line to refinance the 184-unit complex known as Woodside Glen Apartments (top right photo) located in Montgomery, AL.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.93 percent.

The loan was originated by Ronen Abergel, (top left photo) Director, in Arbor’s full-service New York City lending office.

“The borrower chose to execute this loan as a floating rate transaction hedged with an interest rate cap and the option to convert to fixed rate after 12 months,” said Abergel. “An attractive pre-payment penalty also gave the borrower the flexibility to dispose of the asset during the loan term.”
Harvard Square Cooperative in Indianapolis Obtains $4.5M Loan

UNIONDALE, NY, Nov. 4, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,500,000 loan under the Fannie Mae DUS® product line to refinance the 342-unit complex known as Harvard Square Cooperative (middle left photo) located in Indianapolis, IN.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.34 percent.

The loan was originated by Michael Jehle,(middle right photo) Director, in Arbor’s full-service Bloomsfield Hills, MI office. “The members of this cooperative desired a new loan to provide funds for major capital improvements to their property,” said Jehle. “Arbor was able to meet their objectives with the loan size they were seeking and with a very attractive fixed interest rate.”

Omega Estates in Branford, CT Receives $1.85M Fannie Mae Loan

UNIONDALE, NY, Nov. 4, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,850,000 loan under the Fannie Mae DUS® Small loan product line to refinance the 51-unit complex known as Omega Estates located in Branford, CT.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.43 percent.

The loan was originated by John Edwards, (bottom right photo) Vice President, in Arbor’s full-service Boston, MA lending office.

“This loan demonstrates our continued commitment to providing financing for smaller multifamily properties with a solid owner and operator at an attractive interest rate,” said Edwards.

(Branford, CT Main Street building, bottom left photo)

Contact: Ingrid Principe, Tel: (516) 506-4298, iprincipe@arbor.com

Monday, November 3, 2008

Arbor Closes $3,48M Fannie Mae DUS®ARM Loan on Oakley Shoals in Union City, GA

UNIONDALE, NY, Nov. 3, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,480,000 loan under the Fannie Mae DUS®ARM product line to refinance the 86-unit complex known as Oakley Shoals (top right photo) located in Union City, GA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.93 percent.

The loan was originated by Ronen Abergel, (bottom left photo) Director, in Arbor’s full-service New York City lending office.

“The borrower chose Arbor because of our ability to provide flexible terms, even in these challenging times,” said Abergel.

Contact: Ingrid Principe, Tel: (516) 506-4298, iprincipe@arbor.com

Marcus & Millichap Sells 300-Acre Development Site in Connecticut for $3.4M

NEW HAVEN, CT , Nov. 3, 2008 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a 308.71-acre development site in Cornwall (top right map) and Canaan (middle left map) in Litchfield County.

The sales price was $3.4 million.

Laurie Ann Drinkwater and Seth Richard, investment specialists in the firm’s New Haven office, together with regional manager Edward Jordan (bottom left photo) represented the seller, a Stamford, Conn.-based investor.

Marcus & Millichap also procured the buyer, the State of Connecticut and the Cornwall Conservation Trust.
“This offering was an excellent opportunity for the State of Connecticut and its partners to acquire 300-plus acres zoned for residential development with frontage along the Housatonic River in historic Litchfield County, midway between New York and Boston,” says Drinkwater.

“This was a unique collaboration between public and private ventures, including local congressmen, land preservationists, private investors benefiting the residents of Connecticut.”

The State of Connecticut purchased the land with funds from the Federal Highlands Funds and Natural Heritage Trust, a state program that acquires land to expand the state’s parks and forests.
Located in the towns of Cornwall and Canaan, a portion of the property runs along the Housatonic River.

The Cornwall parcel consists of 229 acres and is accessed from River Road, a dirt road along the banks of the Housatonic River and railroad tracks.

The Canaan parcel consists of 79-acres and is accessed from both Music Mountain and Lime Rock Roads, located in the village of Falls Village.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Post Properties Announces Third Quarter 2008 Earnings


Investor/Analyst Conference Call Scheduled for Nov. 4, 2008 at 10:00 a.m. ET

ATLANTA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced today net income available to common shareholders of $25.2 million for the third quarter of 2008, compared to $9.1 million for the third quarter of 2007.

(Post Woods apartments, Atlanta, (top right photo) recently sold by Post Properties.)

On a diluted per share basis, net income available to common shareholders was $0.57 for the third quarter of 2008, compared to $0.21 for the third quarter of 2007.

The Company’s net loss attributable to common shareholders was $(1.0) million for the nine months ended September 30, 2008, compared to net income available to common shareholders of $93.7 million for the nine months ended September 30, 2007.

On a diluted per share basis, the Company’s net loss attributable to common shareholders was $(0.02) for the nine months ended September 30, 2008, compared to net income available to common shareholders of $2.12 for the nine months ended September 30, 2007.

The Company’s net income available to common shareholders for the three months ended September 30, 2008 included (i) casualty losses of approximately $2.8 million relating to preliminary estimates of the damage sustained at its Houston, Texas properties as a result of Hurricane Ike and (ii) severance charges of approximately $2.2 million associated with the elimination of certain employment positions during the quarter.

For a complete copy of Post Properties’ news release and financial highlights, please contact Chris Papa, 404-846-5028 or pbutler@postproperties.com

Selig Enterprises Announces Completion of 38,000-SF Retail Development in West Atlanta

ATLANTA, GA, Nov. 3, 2008-- - Selig Enterprises, Inc. announces delivery of 1465 Chattahoochee Avenue, (top right photo) a retail project in Atlanta's Westside neighborhood.

The development is located on a long-vacant parcel located at Chattahoochee Avenue and Collier Road.

The four acre site contains approximately 38,080 square feet of retail and restaurant space. Spaces will start from 2,100 square feet.

(Steve Selig, president, Selig Enterprises, top left photo)

The site is bounded by Collier Road, Chattahoochee Avenue, and Logan Circle and allows for direct two-way access from all three roads, as well as ample parking. Featuring a blend of stone and industrial materials, 1465 Chattahoochee Avenue offers a modern aesthetic appearance while keeping with the industrial feel of the Westside community.

Selig opted for 16 foot high ceilings and operable glass roll up doors to encourage walk up shopping and give customers the feeling of an open market shopping experience. Tenants can expect two separate loading docks as well as fully air-conditioned suites.

Additionally, 1465 Chattahoochee Avenue will feature a patio seating area for the restaurant tenants. Selig wanted to not only create an architecturally distinctive building that contributed to the changing West Atlanta environment, but to assemble a complementary merchandising mix where customers can find a wide array of unique product.

West Atlanta has long been a destination for furniture and home specialty retailers, and has become one of the fastest growing residential areas in the city.

It has experienced a significant increase in its population since 2000, made evident by a considerable increase in housing units delivered in 2007 and similar projection for units expected to be added by 2010.

"We have been very discriminating when evaluating prospective tenants. We consider the products that they carry or design as well as the price points of their merchandise," says Jim Saine, (middle right photo) Vice President of Selig Enterprises.

Selig also owns and manages Logan Circle, (middle left photo) the adjacent 600,000 plus square foot industrial office complex which is home to some of Atlanta's fastest growing businesses. The center maintains high occupancy rates,due in part to its accessibility to Buckhead, Midtown and Downtown commercial and residential markets.

Selig expects to experience the same success with the 1465 Chattahoochee Avenue project. Unlike LoganCircle, the development will cater to tenants who seek street front visibility and more showroom space.

Selig Enterprises is a privately held real estate operating company based in Atlanta, Georgia. The company owns and manages a real estate portfolio in excess of 10 million square feet throughout the Southeast United States.

For more information, please visit http://www.seligenterprises.com/.
Media Contact: Taana Kow, tkow@seligenterprises.com
Selig Enterprises, Inc., 404.870.1506 http://www.seligenterprises.com/

GVA Advantis Hires Carol Tanner as Associate, Office Services, in Central Florida

ORLANDO, FL (Nov. 3, 2008) -– GVA Advantis has hired Carol Tanner (top right photo) as the most recent addition to its office services team in Central Florida. She will be based in the firm’s Orlando office and will focus on client needs in the Greater Orlando area, particularly northern Orange County and Seminole County.

“We’re very excited to have Carol as part of our office services division,” says Senior Director Lisa Bailey (top left photo). “Our goal is to provide our clients with the best service and value, and with Carol’s experience in the commercial real estate business and her depth of knowledge of Greater Orlando, she’s just what we need to better serve our clients.”

Most recently Tanner worked with RE/MAX in Orlando as an agent and managing director in the Certified Commercial Division. Prior to joining RE/MAX, she had five years’ experience as business development manager with an urban design/landscape architecture firm and a general contracting firm. Tanner also has extensive experience in real estate marketing and communications.

Tanner is a CCIM candidate and serves on its board as well as leading the newsletter committee. She is a member of CREW Network and the Central Florida Commercial Association of Realtors.
Media Contact: Shelli Browning, 407.999.4775, sbrowning@gvaadvantis.com

W Hotels Makes Landmark Entry into China with Opening of W Hong Kong


KOWLOON, HONG KONG, Nov. 3, 2008--Owned by Sun Hung Kai Properties, W Hong Kong Unveils Asia’s First Bliss Spa, Two Signature Restaurants(bottom right photo), a Destination Bar, More than 8,000 Square Feet of Ultra Modern Function Space, a 73rdFloor State-of-the-Art Fitness Facility and Hong Kong’s Most Highly Elevated Rooftop Swimming Pool

Hot in the pursuit of the world’s most intriguing destinations, Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the landmark entry of W Hotels into China with the grand opening of W Hong Kong. (top right photo)

Located in a glittering, new waterfront skyscraper in the heart of the city’s vibrant new commercial, entertainment and cultural district, W Hong Kong features 393 luxuriously appointed guest rooms, including 42 suites.

“We are delighted to bring the W brand to China, continuing our global expansion into the world’s most exciting and intriguing destinations,” said Eva Ziegler, (top left photo) Global Brand Leader, W Hotels Worldwide and Le Méridien Hotels & Resorts.

“Hong Kong’s dynamic mix of style, culture and modern design make it the perfect backdrop for the W brand. The abundance of world-class restaurants, art galleries and luxury retailers in the city contribute to Hong Kong’s emergence as a vibrant international business and leisure destination.”

“We are thrilled with the opening of W Hong Kong, our first W hotel in China! This hotel is truly an exciting addition to the W brand’s growing international footprint in the world’s most exciting cities and emerging destinations, including Barcelona, Istanbul, Athens, Guangzhou, Bali, Shanghai, Koh Samui, Santiago, Dubai and Doha,” said Miguel Ko, (middle right photo) President of Starwood Hotels & Resorts, Asia Pacific.

“W Hong Kong is certainly one more great reason to visit this exciting city,” said Vice Chairman & Managing Director Thomas Kwok (bottom left ph0to) speaking on behalf of Sun Hung Kai Properties, owner of W Hong Kong.

“Its positioning and attractions are unique additions to our extensive portfolio of first-class hotels in Hong Kong, and given Starwood’s professionalism and passion for the W brand, we have great confidence in W Hong Kong’s future.

In North America and Latin America, W Hotels have been announced in Austin, Buckhead Atlanta, Downtown Atlanta, Boston, Fort Lauderdale, Hoboken, Hollywood, Huntington Beach, Downtown New York, Santiago, South Beach, and Washington, D.C.

In Europe, W Hotels have been announced in Athens, Barcelona, London, Manchester, Milan and St. Petersburg. In Asia, W has announced properties in Bangkok, Guangzhou, Macao-Studio City, Shanghai and Yokohama.

In Africa and the Middle East, W has announced properties in Amman, Doha, Dubai-Festival City, Dubai-The Palm and Marrakech. W has plans to open W Retreat & Spa properties in Bali, Koh Samui, Vieques Island and Verbier, the latter of which will serve as W Hotels’ first ski retreat.

For more information, visit http://www.whotels.com/.

CONTACT:
Hwee-Peng Yeo
Director, Corporate Communications
Starwood Asia Pacific Hotels & Resorts Ltd
9 Temasek Boulevard, Suntec City Tower 2
#24-02, Singapore 038989

Tel : +65 6335 4837; Cell : +65 9768 6087; +65 9248 0424
Fax : +65 6335 4820
http://www.starwoodhotels.com/; http://www.starwoodpressclub.com/

Sunday, November 2, 2008

Marcus & Millichap Lists $14.5M Office Building in Santa Monica, CA

SANTA MONICA, CA-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for a 32,879-square foot office building in Santa Monica.

The listing price of $14.15 million represents $430 per square foot.

Michael Lawrence, a senior vice president investments and a senior director of Marcus & Millichap’s National Office and Industrial Properties Group in Newport Beach, and Faun Loren Kime, an investment specialist in the firm’s Los Angeles office, are representing the seller, a private, local individual.

“This property is an excellent opportunity for an investor to acquire a well-maintained asset in Santa Monica’s core business district, which is a rapidly developing and growing area,” says Lawrence.

“The office building is uniquely positioned near the proposed site for the light rail terminal, which would bring additional foot traffic from all over Los Angeles to visit Santa Monica’s world-famous shopping, beaches, parks and amenities,” adds Kime.

Located at 1640 5th St., (bottom left site map) the two-story multi-tenant office building is situated on 0.51 acres, just one block from the Santa Monica Place mall (top right photo) , designed by famed architect Frank Gehry and scheduled to be completed in fall 2009.
The property is also two blocks from City Hall and a major mixed-use development, which includes 325 new residential units and 13 acres of new parks.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Clancy & Theys Starts Work on Almost $17M Worth of New Projects

Completion of Orange County Public Schools' $14.2 million, 98,797-square-foot elementary school is scheduled for July 2009

ORLANDO, FL – The Orlando-based Florida Division of Clancy & Theys Construction Company, one of America’s leading contractors, is under way on Orange County Public Schools’ new $14.2 million, 98,797-square-foot elementary school located at 5240 Keene’s Pheasant Drive in Windermere, FL, according to Pete Pace, (top right photo) Florida Division CEO for Clancy & Theys.

Designed by SchenkelShultz Architecture, Orlando, the 2-story facility will feature administrative offices, classrooms, art and music suites, a kitchen, dining areas and multi-purpose areas. It will also include a bus loop, parking lot, parent drop-off lane, playfields, outdoor activity areas and site utilities. Completion is slated for July 2009.


Winter Garden's $2.6 million Southside Community Park Will Have Two Softball Fields

WINTER GARDEN, FL – The Orlando-based Florida Division of Clancy & Theys Construction Company, one of America’s leading contractors, has broken ground on the City of Winter Garden’s new $2.6 million Southside Community Park located at 13460 Lake Butler Boulevard in Winter Garden, FL.

Its scope of work for the 20-acre park includes two multi-purpose fields, two softball fields, 130 paved parking spaces, a 1,600-square-foot covered playscape area, a 1,200-square-foot concessions building with kitchen and restroom facilities, a 650-square-foot maintenance building, and all associated utilities and site improvements according to Pete Pace, Florida Division CEO for Clancy & Theys.
Designed by Harvard Jolly, Inc., Orlando, completion of the project is slated for April 2009.

Contact: Kenneth H. Cristol 407-774-2515

Roger B. Kennedy Inc. Completes Westgate Town Center 6000 and Works on Building 4000

The $27.5M, 8-story Westgate Town Center Building 4000 is in Kissimmee, FL

KISSIMMEE, FL – Altamonte Springs-based general contractor and construction manager Roger B. Kennedy, Inc. is constructing the new $27.5 million, 8-story Westgate Town Center Building 4000 (top right rendering) in Kissimmee, FL, for Westgate Resorts, Ltd.

During the past decade, Kennedy has constructed more than a dozen major projects for Westgate Resorts totaling $225 million according to Roger B. Kennedy, Jr., President.

Designed by Bergman Associates-Architects, Jacksonville, Building 4000 is slated for completion in December 2008.

The $11.7M, 6-story Westgate Town Center Building 6000 Has 60 Units

ORLANDO, FL – Altamonte Springs-based general contractor and construction manager Roger B. Kennedy, Inc. completed the new $11.7 million, 6-story Westgate Town Center Building 6000 (bottom left rendering) in Kissimmee, FL, for Westgate Resorts, Ltd.

The 60-unit project was designed by Bloodgood Sharp Buster Architects, Jacksonville.


Contact: Kenneth H. Cristol, 407 774 2515




SchenkelShultz Designs 2 Florida Educational Projects Valued at $36M

Sarasota County School Board's 's $16.5 million, 73,370-SF Suncoast Polytechnical High School is First Phase of Sarasota Technical Center Campus

SARASOTA, FL – SchenkelShultz Architecture, Sarasota, one of Florida’s leading green design firms, completed the School Board of Sarasota County’s new $16.5 million, 73,370-square-foot Suncoast Polytechnical High School (top right rendering) in Sarasota, FL, representing the first phase of the 72-acre Sarasota Technical Center campus under design by SchenkelShultz.

Incorporating the latest in information technology, the facility features three technology labs, 100% wireless Internet access, 2,000 network drops embedded under raised floors to provide instructional flexibility, Activboard interactive screens in all instructional areas, and two flat screen TVs at the entrance which display information and student exhibitions.

In addition, the school is organized utilizing the ‘small learning communities concept’ and allows for a seamless integration of core curriculum subjects and career technical education. The flexible and easily adaptable spaces accommodate both group and individual learning styles which increase collaborative learning.

Florida Gulf Coast University's $19.5 million, 70,173-square-foot Lutgert Hall Marks Entrance to campus

FORT MYERS, FL – SchenkelShultz Architecture, Fort Myers, one of Florida’s leading green design firms, designed Florida Gulf Coast University’s newly-constructed $19.5 million, 70,173-square-foot Lutgert Hall in Fort Myers, FL.(bottom left photo)

Lutgert Hall is the sophisticated home to university business students and the signature building marking the entrance to the university’s campus.

Filled with natural light, the bright and vibrant environment is inviting to students and convenient to the business community.

The four-story building contains: ten classrooms and two tiered case study classrooms; three conference rooms for students and faculty; a student affairs suite; a career development suite with an interview room; a student management portfolio room and an executive training room; a three-story atrium with a student lounge area; and dean’s suite and faculty offices.

Owens, Ames, Kimball Company, Fort Myers, served as construction manager for the project.

Contact: Kenneth H. Cristol, 407-774-2515

Edwards Construction Working on Projects Valued at $24M in Florida

$18.5M Nocatee Aquatics Park Amenity Center Will Have Four Swimming Pools

OCALA, FL – Edwards Construction Services, Inc.’s Residential Amenities division is under way on the $18.5 million Nocatee Aquatics Park Amenity Center project in the Town of Nocatee, under development by The PARC Group near Ponte Vedra in St. John’s County, FL.

The 78-acre recreational facility located at Nocatee Town Center Village will feature: a 2-story, 12,000-square-foot Nocatee Community Center with meeting space, a fitness center, bathhouse, pavilions, cabana and offices; and a resort-style Nocatee Aquatics Park with four swimming pools including a Junior Olympic pool with stadium-style seating for competitions and a 52-foot water slide tower.

Designed in “Florida Classical” architecture by Ervin Lovett & Miller, Jacksonville, the park will also feature a “lazy river” with cascading waterfalls and a whirlpool.

$1.8M CarQuest Distribution Center Expansion in Ocala, FL Nears Completion

OCALA, FL – Ocala-based Edwards Construction Services, Inc.’s Manufacturing and Distribution division is nearing completion on the new $1.8 million, 42,000-square-foot CarQuest Distribution Center expansion in Ocala, FL.

Designed by MacGregor Associates Architects, Atlanta, the project consists of sitework, slab-on-grade, relocation of existing tilt-wall panels, erection of new tilt-wall panels, structural steel roof framing, single-ply roofing, interior lighting and heating, ventilation and air conditioning upgrades.

$3.8M Iron Mountain Facility in West Palm Beach Will Have 50-Foot High Metal Building

WEST PALM BEACH, FL – Ocala-based Edwards Construction Services, Inc.’s Manufacturing and Distribution division is nearing completion on the new $3.8 million, 61,100-square-foot Iron Mountain facility located at 3501 Electronics Way in West Palm Beach, FL.

Iron Mountain globally provides information management, records management and data protection services.

Edwards’ scope of work includes erection of a new 50-foot-high, Pre-Engineered Metal Building and installation of metal wall and roof panels, a new fire sprinkler system and a multi-story racking system reaching 49 feet in height. The project was designed by Architectural Alliance, Fort Lauderdale.

Contact: Kenneth H. Cristol 407-774-2515

Saturday, November 1, 2008

International Shoppes in Orlando Listed for Sale at $15.5M

ORLANDO, FL-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for International Shoppes, (top right photo) a 72,897-square foot retail plaza in Orlando.

The listing price of $15.5 million represents $213 per square foot.

Anthony Louie and Toufic Simaan, both investment specialists in the Orlando office of Marcus & Millichap, are representing the seller.

“International Shoppes is an excellent opportunity for an investor to acquire a well-positioned shopping center that is situated in one of Orlando’s most dynamic retail corridors and benefits from multiple economic drivers, including convention traffic, tourism, residential developments and nearby employment centers,” says Simaan.

“Additionally, there is an attractive loan assumption, which is extremely valuable given the difficult lending environment and turmoil in the credit markets.”

Located at the southeast corner of International Drive and Kirkman Road, the multi-tenant shopping center is situated on 5.64 acres in a major thoroughfare with more than 3 million square feet of retail space and 4 million square feet of convention space.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Marcus & Millichap Names Mark Villanueva a Director of National Self-Storage Group in Austin, TX

AUSTIN, TX– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Mark Villanueva (top right photo) of Austin, a director of the firm’s National Self-Storage Group in Austin, according to Steve Ekovich, (bottom left photo) national director of the firm’s National Self-Storage Group.

“Mark’s extensive knowledge of the self-storage market in Austin and throughout Texas will continue to make him a valuable asset for our clients and fellow agents in the National Self-Storage Group,” comments Ekovich.

Villanueva joined Marcus & Millichap in March 2005 and was promoted to associate in August 2006. Currently serving as a senior associate, Villanueva has closed more than $63 million in transactions. He is currently listing more than $79 million in self-storage inventory that is either in escrow or on the market throughout the state of Texas.

Villanueva was named a top investment associate in Texas in Marcus & Millichap’s National Self- Storage Group in 2006 and 2007. He also received sales recognition awards in 2006, 2007 and 2008.
Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Cotter-Ryan Commercial to start Two-Story, 20,000 SF Headquarters Building at Savannah Park at Heathrow, FL

LONGWOOD, FL --- Cotter-Ryan Commercial, LLC will start construction of a two-story, 20,000 square foot office building in December at Savannah Park at Heathrow in Lake Mary.

William Turner, (bottom left photo) director of operations at Cotter-Ryan, said the firm plans to occupy 6,000 square feet of office space in the new building.

Cotter-Ryan Commercial will lease the remaining space, said Turner.

The building, expected to open in May of next year, will cost an estimated
$2 million to build.

For more information, contact
Jessica Bush, Cotter Ryan Commercial, LLC 407-786-7686
Scott Ryan, President Cotter Ryan Commercial LLC 407-786-7686
William Turner Director of Operations Cotter Ryan 407-786-7686
Larry Vershel, Larry Vershel Communications 407-644-4142