HFF Houston hires Peter Billipp as director to focus on industrial investment sales

 HOUSTON, TX – HFF announced today that Peter Billipp (top right photo) has joined the firm as a director in its Houston office with a focus on industrial investment sales transactions throughout the state of Texas.

Mr. Billipp has more than 12 years of experience in commercial real estate with roles as an investment sales broker, developer and investor. 

He joins HFF from J.A. Billipp Company where he served as the vice president of development and investment since 2008. 

 Prior to that, Mr. Billipp was a development manager at Panattoni Development Company where he was responsible for sourcing and managing the development of industrial properties in north Texas. 

Before joining Panattoni, he was an associate broker on a national investment sales team at CBRE and Cushman and Wakefield.  Mr. Billipp commenced his career as an analyst and asset manager for Charter Holdings and Cohen Financial.

 He recently received his master’s degree in business administration from Rice University, complementing his undergraduate education from the University of Texas and Southern Methodist University. 

 Mr. Billipp is a member of The Real Estate Finance and Investment Center (University of Texas McCombs School), National Association of Industrial and Office Properties (NAIOP) and the Bayou Breakfast Club. 

“We are pleased to have Peter join the Houston office where he will work alongside veteran broker Rusty Tamlyn (top left photo) in addition to working nationally with HFF’s growing industrial team that is led by Randy Baird (middle right photo) in HFF’s Dallas office. 

"Peter brings with him a diverse background, extensive client relationships and a wealth of experience in the industrial segment of our industry,” said Scott Galloway (lower left photo), executive managing director in HFF’s Houston office.

Contacts:    

                    

H. SCOTT GALLOWAY                             GRADY W. ROBERTS                      

HFF Executive Managing Director          HFF Senior Managing Director         

(713) 852-3500                                         (713) 852-3500                                     

sgalloway@hfflp.com                                groberts@hfflp.com                             

Kristen R. Murphy, Associate Director Marketing, (713) 852-3500,  krmurphy@hfflp.com

John Wayne Airport’s New Terminal C Opens to Passengers in Orange County, CA

ORANGE COUNTY, CA, Dec. 6, 2011— John Wayne Airport’s (JWA’s) new Terminal C opened to passengers on November 14, 2011.

 Constructed by McCarthy Building Companies and designed by Gensler, the new terminal increases JWA’s capacity from 8.4 million annual passengers to 10.8 million. It also provides the airport with the ability to operate international flights.

The $211.5 million facility was part of the $543 million Airport Improvement Program (AIP) – one of Orange County’s largest-ever public works programs – which created approximately 6,670 jobs over the life of the project.

Serving as the general contractor, McCarthy began construction on Terminal C in August 2009. The project included adding a 282,000-square-foot, three-level terminal building plus a basement, to the existing 448,000 square feet in Terminals A and B at the Thomas F. Riley Terminal.

McCarthy also performed upgrades and renovations to the existing terminals including the installation of a new paging/communications and information technology system in both terminals. The reconfiguration of three gates (two for international flights and one for the Common Use Passenger Processing System) as well as the remodel of select airline offices in Terminal B was also completed.

“Our design at John Wayne Airport puts passengers first. We wanted to create a terminal that people intuitively understand, and that leverages the latest technology for the modern traveler,” says Keith Thompson, a Gensler Principal and leader of the firm’s global Aviation + Transportation practice area.

 “Building a major addition on a fully operational airport facility and coordinating with other ongoing airport improvement projects including a new parking structure and central utility plant required extensive planning and communication,” said Khatchig Tchapadarian (lower left photo), McCarthy’s project director for the airport project.

 “We phased construction and worked overnight shifts to ensure minimal impact to the passengers and airport operations. A barricade was also installed between Terminal B and C, and the construction team worked closely with airport operations to coordinate construction access, deliveries and cranes.”

 “Visitors to John Wayne Airport will experience a near seamless transition between all three terminals—a key objective in McCarthy’s construction of Terminal C and in improvements made to Terminals A an B in the Thomas F. Riley Terminal,” said Airport Director Alan L. Murphy. “The extensive use of marble throughout the lobbies and concourse, the floor to ceiling windows, along with all new LED lighting and technological advancements throughout the terminal, provides an innovative yet familiar travel experience.” 

 Media Inquiries: 

Laura Mickelson (LM Communications)

(949) 453-0851

Susan Garritano (McCarthy Building Companies, Inc.)

(314) 968-3300

Voit Real Estate Services Direct Two New Industrial Subleases Encompassing 350,660 SF in Chino, CA

CHINO, CA, Dec. 6, 2011 – Voit Real Estate Services’ Inland Empire office has successfully facilitated two new industrial subleases in Chino, including a nine-month, 200,000 square-foot industrial sublease at 4281 Edison Avenue, as well as a 150,660 square-foot, 13.5-month industrial sublease at the adjacent property, located at 4361-4371 Edison Avenue (top left photo);.

 Walt Chenoweth, Frank Geraci, Patrick Wood and Juan Gutierrez of Voit’s Inland Empire office, along with Greg Kloiber with TG Corporate Real Estate Advisors, represented the sub-lessor, AMCOR Rigid Plastics USA, Inc., a global company that manufactures and distributes plastic bottles. 

AMCOR, which is leasing a total of 550,000 square feet from Majestic Realty, will still occupy 200,000 square-feet in one of the industrial warehouses.

  “After assessing our client’s needs, we were able to provide a unique solution to help cut costs,” said Walt Chenoweth (lower right photo), Executive Vice President of Voit’s Inland Empire office,

“A large portion of the space was no longer required for AMCOR’s Southern California operations, and our team recommended subleasing the unused space to another company with similar operational requirements.”

Both warehouses are 100 percent occupied after these two subleases.

The sub-lessee, NFI Network Logistics Solutions, a third party logistics company, was represented by Chuck Belden of Cushman & Wakefield.  NFI plans to use the space for overflow of surplus product from its other warehouses in Chino.

 Further information is available at http://www.voitco.com./

Contact: 

Judith Brower

Brower, Miller & Cole

(949) 955-7940

JBrower@browermillercole.com

Faris Lee Investments Expands Faris Lee Capital, Adding Michael Ryan as Director, New Business Development

 NEW YORK, NY – Faris Lee Capital, a division of Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has named Michael Ryan (top right photo) director, new business development, operating from the firm’s New York office.

Faris Lee Capital provides a comprehensive and integrated spectrum of services, inclusive of investment sales, debt placement, structured finance,recapitalization, and equity.

Additionally, the division offers financial advisory services, providing clients with optimal capital strategies and solutions. Ryan will be responsible for heading up new business development and procuring debt and equity financing.

“Michael offers Faris Lee a depth of expertise in capital markets and has relationships with lending sources that will support our aggressive growth strategy as we build on financing services with existing clients as well as building a new client roster,” said Richard Berlinghof, managing partner of Faris Lee Capital.

 Berlinghof added that the group currently has more than $250 million in recapitalization underway and close to $100 million in advisory services activity underway over the next six months.

Ryan comes to Faris Lee from Gale International Korea, a real estate development and investment firm. The firm was responsible for the largest private real estate project in the world, Songdo International Business District in South Korea. Ryan served as senior manager, strategy and planning team. He also served as senior auditor for Deloitte & Touche LLP and sell-side equity analyst for Sidoti and Company, LLC.

 For more information, please visit http://www.farislee.com/.

Contact: Darcie Giacchetto, Spaulding Thompson & Associates,  949.278.6224

Charles Dunn Co. Expands Tenant Representation Brokerage Services; Hires New Team of Roger Beck and Gelena Skya

 LOS ANGELES, CA – In a strategic move to expand its tenant representation brokerage services, Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, is proud to announce it has named 23-year industry veteran Roger Beck (middle left photo) as senior managing director and Gelena Skya (top right photo) as director out of the firm’s Sherman Oaks Office.

The Beck/Skya team previously served as senior vice president and senior associate, respectively, at Grubb & Ellis. They will focus on tenant rep services throughout the Westside, northern LA and Ventura County with a specialization in entertainment and technology clients.

“Growth of tenant rep services is a goal for Charles Dunn Company as it allows us to expand in a market that is gaining some critical momentum,” said Chris Cooper (lower right photo), CEO of Charles Dunn Company. “Roger and Gelena have a successful track record throughout the Los Angeles region and have completed major office transactions with some of the area’s most prominent businesses.”

Cooper added that Charles Dunn Company will continue an aggressive recruiting campaign in 2012 as it seeks to increase its transactional volume in all property sectors for its brokerage and property management divisions.        

 

 Beck has completed in excess of $100 million in brokerage transactions and more than $500 million of commercial development projects over his career. 

Prior to his position at Grubb & Ellis, he served as vice president at Colliers International and vice president at DLB Associates, a construction management and architecture firm.

Skya brings six years of commercial real estate experience with her to Charles Dunn Company. She is an office market expert in the San Fernando Valley and offers extensive research and business skills in conjunction with a strong background in sales. Skya has a dual degree from UCSD in Communications and Urban Planning and a minor in Economics.

“This team is a strong complement to Charles Dunn Company’s Sherman Oaks office,” said Stacy Vierheilig-Fraser (bottom left photo), senior managing director with Charles Dunn Company who heads the office. “The expansion of our current tenant rep activity, combined with our success in investment sales and landlord representation will continue to increase cross-over opportunities as we grow our services in the market.”

Contact:

Darcie Giacchetto, D.G. Communications Inc., 278 6224 949

Hendricks & Partners Names Jason T. Stanton, CCIM to Head the Firm's Tampa Office

ORLANDO, FL --- Hendricks & Partners, which ranks as one of the nation’s largest and most active multi-family investment banking companies, has named Jason T. Stanton, CCIM (top right photo) a Senior Investment Advisor to head the firm’s Tampa office.   Stanton joins Cole Whitaker (middle left photo), the firm’s Southeast Partner and Associate Partner Hal Warren (lower right photo) in Orlando.

Whitaker, who heads the Southeastern U.S. Division of Hendricks & Partners, said Stanton has more than 11 years of experience in the apartment sales industry.

Stanton earned his B.S. Degree in real estate from Florida State University and formerly served as director of Multi-family Investment Services at Colliers International.

With the addition of Stanton, the Hendricks & Partners Florida Investment Advisors team has more than 57 years of commercial real estate and multi-family sales experience with transactions totaling more than five billion dollars.

 

For more information, contact:

Jason T. Stanton CCIM, Senior Investment Advisor, Hendricks & Partners, 970 Lake Carillon Drive, #300, St. Petersburg, 33716 – Direct: 727-674-4097; jstanton@hpapts.com

 Cole Whitaker, Southeast Partner, Hendricks & Partners, 407-218-8880, cwhitaker@HPAPTS.com; 

 Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881 hwarren@HPAPTS.com; 

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

The New 102-room Hotel Mazarin, a New Orleans French Quarter Diamond, to Open as an Upscale Boutique Hotel

NEW ORLEANS, LA -  Dec.  6, 2011 – Hotel Mazarin (top left photo), part of the New Orleans Hotel Collection, has announced  that it will open on December 28, 2011 after a comprehensive multi-million dollar renewal resulting in a charming oasis located in the most vibrant and fashionable district in New Orleans.  The building formerly housed the Saint Louis Hotel.

The 102-room Hotel Mazarin, situated at 730 Bienville Street in the French Quarter,  will unveil a completely transformed property accented in gold leaf, rich woods and a fresh and luxurious décor in calming  colors that reflects the art de vivre which makes New Orleans such an enchanting city. 

Like its namesake Cardinal Jules Mazarin (middle right photo) -  a 17th century Italian-born pontiff, an advisor to the French Crown, a collector of fine wines and wealth, and a Machiavellian diplomat - the Hotel Mazarin will pay tribute to its historical past while providing modern comforts and conveniences delivered with a personal touch.

“We are excited to offer such a beautifully distinctive hotel that presents an atmosphere of cultural sophistication, elegance and service for our guests,” said hotel owner Joseph A. Jaeger, Jr., managing member of 730 Bienville, LLC.  “Hotel Mazarin will provide a desirable, stylish destination for travelers surrounded by the French Quarter’s world-renowned entertainment, dining, shopping and historic attractions.”

“This will be a unique hotel with a high level of service and staffing that’s cordial, capable and committed to providing an unparalleled experience,” said Area General Manager Craig Hulford.  “All guestrooms, public spaces and amenities will be completely overhauled to reflect a luxurious sensibility.  Hotel Mazarin will be ready to see to guests’ needs to make their visit to America’s favorite city the most it can be.”

For more information, visit www.hotelmazarin.com. and  www.neworleanshotelcollection.com

Contacts:

Marc Becker

Area Director of Marketing

Marc.Becker@neworleanshotelcollection.com

(504) 527-0407

 Patrick Daly

Account Supervisor

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289

HEI Hotels & Resorts Selected by President Obama’s Administration to Participate in the President’s Prestigious Better Buildings Challenge

NORWALK, CT—HEI Hotels & Resorts (HEI), the nation’s fastest growing private owner/operator of hotel real estate,  announced that it has been selected by President Obama’s Administration to participate in the prestigious Better Buildings Challenge. 

The Better Buildings Challenge is part of the Better Buildings Initiative launched in February 2011 by President Obama, and is spearheaded by former President Clinton and the President’s Council on Jobs and Competitiveness.

“The ingenuity, hard work, and commitment of our employees at corporate and in our hotels to our long standing social responsibility program has resulted in our selection to participate in President Obama’s Better Buildings Challenge,"  said Gary Mendell (top right photo) chairman and CEO of HEI Hotels & Resorts.   .  "Selection not only exemplifies our strides in the specific areas of energy conservation and a reduction of our carbon footprint for generations to come, but moreover, is a testament to the talent, passion and commitment of our employees.

“This passion defines our culture as we continuously strive to set a higher standard of excellence in social responsibility,”

As a participant in the Better Buildings Challenge, HEI is committed to further reducing its portfolio-wide consumption of energy and waste output in its ever growing square feet of building space.  Through selection into President Obama’s initiative, HEI will also seek to identify and develop other energy savings initiatives with other companies selected to the President’s initiative.   

For more information about HEI, visit the company’s website, http://www.heihotels.com/.

Contact:

Chris Daly

President

Daly Gray, Inc.

Ph: 703-435-6293

Cell: 703-864-5553

Dan Stewart, CCIM, Forms New company and affiliates with Sperry Van Ness International in Ann Arbor, MI

 ANN ARBOR, MI – Dan Stewart (lower left photo), CCIM, formally partner and co-owner of Michigan Commercial Realty, LLC, and Sperry Van Ness International, a large and fast-growing franchisor providing training, systems management and marketing support for its network of commercial real estate brokerage firms, announced the launch of Sperry Van Ness/Stewart Commercial Group, LLC, an independently owned and operated franchise of Sperry Van Ness International.

 This affiliation marks Sperry Van Ness International’s 10th franchise signing this year. 

 “We are committed to expanding the Sperry Van Ness platform through strategic partnerships with top-tier brokerage firms in markets across the United States,” said Kevin Maggiacomo (top right photo), chief executive officer and president of Sperry Van Ness International.  “The addition of Sperry Van Ness/Stewart Commercial Group, LLC will strengthen the reach of our network in Michigan."

Sperry Van Ness/Stewart Commercial Group, LLC will specialize in representing owners in the sale of multifamily properties throughout Southeast Michigan and investors interested in acquiring multifamily properties throughout the state.  The firm will also represent owners in the sale and leasing of office, retail and industrial properties, as well as buyers in the acquisition of office, retail and industrial properties.   

Brian McLaughlin serves as advisor for Sperry Van Ness/Stewart Commercial Group, LLC.  Previously, he was with Michigan Commercial Realty, LLC, where he served as sales representative since 2009. 

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

Contact:  Megan Morales, (714) 273-2472, megan.morales@svn.com

Gaedeke Partners With Park Tree Trust and Rain Forest Rescue® Program

DALLAS, TX – Gaedeke Group LLC is putting its "green" to work to further strengthen its impact as a steward of the environment, making significant capital contributions to the Woodall Rodgers Park Foundation's tree trust and the Arbor Day Foundation's Rain Forest Rescue® program.

Gaedeke is pledging $25,000 to the Park Tree Trust, with part of the donation earmarked for the planting of a brilliantly foliaged Shumard Red Oak in The Groves, a 25 foot-wide band of trees along the perimeter of the southern and eastern sides of the Woodall Rodgers Park (middle left photo), where 5.2 acres of shared public green space has been built atop the Woodall Rodgers Freeway in Dallas.

Gaedeke's contribution to the Rain Forest Rescue® program is protecting approximately 3 million square feet of rain forest land – equal to the size of its office portfolio in Texas, Arizona, Florida, Tennessee, Washington, D.C., and Germany.  More than 1,000 farm families grow coffee in the rain forest, and receive fair wages for their labor through the Fair Trade-certified program. In the past 19 years, this program has helped to preserve more than 2 billion square feet of rain forest canopies and ecosystems.

Since its inception in 1995, the Dallas-based investment firm has had a positive impact on the built environment and is continually seeking innovative ways to promote sustainability, such as its strategies for landscaping and irrigation relative to the climates of its properties and installation of electric car charging stations as a tenant perk.

Gaedeke's portfolio is a testament to its green commitment, with over 90% of the portfolio of the class A office space earning Energy Star designations. One McKinney Plaza in Uptown Dallas is Leadership for Energy & Environmental Design (LEED) certified by the U.S. Green Building Council and Energy Star rated.

"Conservation and environmental responsibility has always been a cornerstone of our investment policy," says Sabine Gaedeke Stener (top right photo), CEO of Gaedeke Group.

Gaedeke's on-going initiatives have proven the value-add benefits that can be derived from a strong commitment to green stewardship, with building performance, the environment and its investors sharing in the rewards today, tomorrow and far into the future.

                                                          

Gaedeke Group LLC's primary mission is to create high-quality office environments by investing new capital and sound management principles in well-built, class A office properties across the country.

Our constant focus is to make pride of ownership obvious-to our tenants, their representatives and everyday observers. The result is a level of commitment to quality that makes Gaedeke Group as unique as its name.

Contact:  prcourier@att.net  

ARA Announces 248-Unit Trophy Sale of Ultra-luxury “Class AAA” Asset in Exclusive Boca Raton, FLš

 Boca Raton, FL (Dec.  5, 2011) — The Boca Raton office of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently brokered the sale of the 248-unit Heritage at Boca Raton (top left photo). The signature asset was 92% occupied at the time of sale.

 The Boca Raton-based sales team of Senior Vice President Hampton Beebe (middle right photo), Principal, Avery Klann (middle left photo) and Principal Marc deBaptiste represented Priderock Capital Management in the sale.š A large Pension Fund Advisor purchased the property through an all cash closing.šš

 “The Heritage is one of the finest rental communities in South Florida, the sale attracted just about every major core buyer in the country in a very competitive sales process,” noted Hampton Beebe, lead broker on the deal.š “The re-developed property consists of a 12,500-square-foot clubhouse and luxurious for-sale quality finishes rivaling the most exclusive communities in South Florida.”š

 Select lavish unit features include 18-inch Saturnia flooring, custom Italian cabinets, granite countertops, stainless steel appliances, hurricane impact glass windows, built-in microwaves, oversized soaking tubs, glass-enclosed showers, large capacity washer/dryers, expansive tiled balconies averaging 260 square feet, intrusion alarms and generous walk-in closets.

 The superbly located property is situated just one mile west ofš beautiful Atlantic Ocean beaches, and within minutes of major transportation networks.š The property enjoys convenient access with a full block of frontage along Palmetto Park Road, a heavily-traveled road extending from Ocean Boulevard in the east to west of U.S. Highway 441.š

 “Heritage is located within walking distance of prestigious Mizner Park, an upscale dining and shopping destination,” added Marc deBaptiste.š “The property is also only five minutes from the 1.7 million square foot Town Center at Boca Raton Mall.”

To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Marti Zenor at mzenor@ARAusa.com or 561.988.8800.šš

ARA Executes Sale of 324-Unit Property in Largo--Tampa MSA

 Tampa, FL (Dec. 5, 2011) — The Tampa office of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announces the sale of Monterey Lakes (top left photo), a 324-unit community located in the Tampa submarket of Largo.

 ARA Boca Raton-based Principal Richard Donnellan (middle right photo), along with ARA Tampa-based Senior Vice President, Patrick Dufour, ARA Orlando-based Principal, Kevin Judd, and ARA Jacksonville-based Vice President, Matt Wilcox represented Waterton Residential in the sale.

 “Monterey Lakes represents a well-positioned, stabilized property with significant barriers to entry and diverse employment drivers,” said Patrick Dufour.š

 The property was completed in two phases in 1984 and 1992 respectively and features CBS construction, a low density residential setting with substantial water features and large over-sized units. Current unit features include full size washers and dryers, walk in closets, fireplaces, stunning lake views and screened patios or balconies.

 A private, Florida-based buyer acquired the property for $23,625,000 or nearly $73,000 per unit.š

 “This buyer, like many other investment groups, is making a strategic move into multifamily properties due to the strong underlying fundamentals today and anticipated performance increases across this sector in the near-term,” noted Dufour.šš

 “The North St. Petersburg submarket is one of the top-performing apartment markets in Tampa Bay, featuring ideal rental demographics, excellent demand drivers and strong underlying fundamentals," noted Orlando-based principal Kevin Judd.š The submarket’s average occupancy of 93.6% is 120 bps higher than the MSA average, and market rents are approximately 3% higher than the overall Tampa Bay market, according to REIS.

 To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Marti Zenor at mzenor@ARAusa.com or 561.988.8800.šš

ARA Announces $64.5 MM, 636-Unit Portfolio Sale of Class” Assets in Tampa, FL and Jacksonville, FL

Jacksonville and Tampa, FL (Dec. 5, 2011) — The Jacksonville and Tampa offices of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently brokered the sale of 336-unit Circle at Bartram Park in Jacksonville and 300-unit Circle at Crosstown (middle right photo) in Tampa.

 The Central and North Florida-based sales team, led by Principal, Kevin Judd (lower right photo), Senior Vice President, Patrick Dufour (lower left photo) and Vice President, Matt Wilcox represented an institutional seller in the $64,500,000 portfolio sale which was purchased by Atlanta-based JMG Realty.

Both properties were constructed in 2009 by Crescent Resources and feature best-in-class amenities and several “Green” features including a LEED-Certified “Green” clubhouse and 100% smoke-free communities.

 “Circle at Crosstown is located in Brandon, currently one of Tampa’s strongest performing submarkets, and offered the buyer an excellent opportunity to acquire an exceptional apartment community with near-term upside as the submarket continues to improve,” commented Patrick Dufour.

“Circle at Crosstown recently completed lease-up, providing this ’Core‘ quality asset with additional upside potential to continue to increase effective rents on renewals.”

“Circle at Bartram Park, is located in Jacksonville’s most desirable submarket, Southeast Jacksonville,” noted Wilcox.š “The Class ’A’” property featuresš one of the most luxurious amenity packages in the region, which is known for its high growth potential, white collar employment and affluent demographics.”

 “Multifamily fundamentals continue to improve throughout Central and North Florida, and we are seeing a growing number of both institutional and private buyers interested in these markets,” said Dufour.š “Occupancy has increased nearly 300bps in Tampa over the past 12 months and now boasts 6 consecutive quarters of effective rent growth.”š

 “Jacksonville is expected to reach 93% occupancy market-wide by the end of 2011 with 3.5% effective rent growth projected for 2012,” observed Wilcox.š “We are receiving more investor interest in Jacksonville as the market recovery story continues to prove out.š With extremely limited supply and strong employment and population growth potential, now is a good time to buy in Jacksonville,” Wilcox concluded.

 To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Marti Zenor at mzenor@ARAusa.com or 561.988.8800.šš

NAI Realvest Negotiates New Lease of 2,529 SF Stand Alone Restaurant Building for a Church’s Chicken on SR 436 in Orlando, FL

  

ORLANDO, FL. – NAI Realvest recently negotiated a new lease of a 2,529 square foot restaurant building at 1375 S. Semoran Blvd. in Orlando for a new Church’s Chicken restaurant.  

 NAI Realvest Principal Matt Cichocki (bottom right photo) brokered the lease agreement representing the tenant, Daytona Beach-based J.Y.C. Group, Inc. a franchisee of the Church’s Chicken restaurants in Florida. 

 The landlord is Jebarron 55, LLC based in Celebration, Fla. 

 Cichocki said building renovations are underway now and the tenant expects to open the restaurant before Christmas. The number of seats for patrons is not yet known.  

For more information, please contact:

Matt Cichocki, Principal NAI Realvest, 407-875-9989 mcichocki@realvest.com 

Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com;

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142

 

HFF closes REO sale of Veranda Park in Orlando, FL

  

MIAMI, FL – HFF announced today that it has closed the sale of a portion of Orlando’s Veranda Park (top left photo) mixed-use development comprised of building 4000, ground floor commercial space in buildings 7000 and 8000 and undeveloped land.

Geosam Capital, Inc., a private investment group based out of Toronto, Canada, purchased the property. 

Veranda Park is a mixed-use town center property located in Orlando’s metrowest submarket at 2121 South Hiawassee Road, about nine miles west of downtown Orlando. 

The offering was comprised of the remaining 118 unsold residential condominiums in building 4000; +/-66,000 square feet of retail space in buildings 7000 and 8000, the majority of which remains unleased; and an 11.7-acre development site zoned for multi-housing, retail, office or hotel development.

The HFF investment sales team representing the seller was led by executive managing director Manny de Zárraga, managing director George Vail (middle right photo), director Jaret Turkell and real estate analyst Scott Wadler.

Contacts:                

MANUEL DE ZÁRRAGA                          GEORGE VAIL                

 HFF Executive Managing Director          HFF Managing Director                

(305) 448-1333                                          (305) 448-1333                             

mdezarraga@hfflp.com                            gvail@hfflp.com   

Kristen Murphy, HFF Associate Director Marketing, (713) 852-3500

krmurphy@hfflp.com