J.P. Guzzardo Promoted to Vice President of Development at the Sembler Co.

J.P. Guzzardo

ST. PETERSBURG, FL -- The Sembler Company announces the promotion of John Paul (J.P.) Guzzardo to the position of Vice President of Development. Guzzardo will be leading the Build to Suit department within the Continental United States market focused on ground up development projects, in addition to building key relationships with top tier clients.

Previously, Guzzardo held positions as Real Estate Manager and Director of Real Estate for The Sembler Company. Guzzardo has been with the

company since 2007.

Ron Wheeler

Guzzardo brings over 11 years of commercial real estate experience to this position. He began his career as a Commercial Real Estate Underwriter and Lender at Amsouth Bank and then moved on to become an Acquisitions Director for a regional homebuilder. In 2007,

 Guzzardo joined The Sembler Company as a Real Estate Manager and then advanced into the role of Director of Real Estate.

“The Build to Suit department is one of the cornerstones of our development business and JP’s guidance and vision will be invaluable,” says Sembler CEO Ron Wheeler. “He has proven himself as a leader within the team and out in the field, establishing a solid reputation for our company.”

NAI Realvest’s Mary Frances West Ranks Among Region’s Top 10 Office Leasing Associates in CFCAR 2013 Hallmark Awards

                                                       Mary Frances West

Maitland, FL --- Senior Broker Associate Mary Frances West at NAI Realvest in Maitland garnered accolades as one of the region’s Top 10 Office Leasing Associates during the recent Central Florida Commercial Association of Realtors (CFCAR) Hallmark Awards.

Paul P. Partyka

Paul Partyka, managing partner at NAI Realvest, said West joined NAI Realvest seven years ago and consistently ranks among the area’s top commercial office professionals. She has been a commercial real estate broker for 18 years.

West earned her Hallmark Top Ten award for posting office property lease and sale transactions that totaled more than $15.8 million in 2012.

 “Mary Frances West is one of the most highly experienced office specialists in the Central Florida region and she is at the top of her game now,” Partyka said.

For a complete copy of the company’s news release, please contact:

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

NAI Realvest Negotiates Office Lease Agreements totaling 6,552 square feet at Centers in Orlando, Maitland and Winter Park

                             Lake Underhill Business Center, Orlando, FL

MAITLAND, FL --- NAI Realvest recently negotiated a four lease agreements for a total of 6,552 square feet of office space at centers in Orlando, Maitland and Winter Park.

Mary Frances West

 At Gateway Plaza, 1201 S. Orlando Ave. in Winter Park Tom R. Kelley II, CCIM, a principal in the firm, Senior Broker Associate Mary Frances West, CCIM and Associate Chris Adams negotiated a lease for suite 200 with 2,798 square feet representing Landlord Gateway Plaza LLC.    Closson Insurance Agency is the new tenant who was represented by Craig Castor of Cresa Orlando. 

Tom R. Kelley II

 At the Lake Underhill Business Center, Kelley brokered a lease on behalf of the landlord, Harrington/Mishler LLC for 2,100 square feet at 11547 Lake Underhill Rd. where Summit Chiropractic LLC is the new tenant.

At 2200 Lucien Way in Maitland Center, West and Kelley negotiated a new lease for suite 320 with 656 square feet representing Landlord Alliance Lucien Way of Warrington, Pa.  The new tenant is BEFREE Enterprises, Inc. d/b/a Frank Reynolds & Company. 

Chris Adams

 Kelley and Adams negotiated a renewal agreement with America Integrity Insurance, LLC, the tenant in suite 142 with 998 square feet at Plaza Central, 6220 S. Orange Blossom Trail in Orlando.

For a complete copy of the company’s news release, please contact:

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

NAI Realvest Negotiates Five Office Leases totaling 6,361 Square Feet at Plaza North in Altamonte Springs, FL

                                 Plaza North, Douglas Avenue, Altamonte Springs, FL

MAITLAND, FL--- NAI Realvest recently negotiated five lease agreements for office suites totaling 6,361 square feet in Plaza North on Douglas Avenue in Altamonte Springs.  

Tom R. Kelley II

 NAI Realvest principal Tom R. Kelley II, CCIM and Associate Chris Adams brokered all five transactions on behalf of the landlord.    Four tenants that renewed their occupied space in Plaza North include

• ·        Life Care Home Health Services, LLC, with 1,720 square feet in suite 2200 at 385 Douglas Ave., 
• ·        Patriot Home Funding, Inc. with 1,754 square feet in suite 2500,
• ·        American Eagle Irrigation, with 1,643 square feet in suite 6005 at 405 Douglas Ave. and
• ·        G & P Association Services, LLC, with 849 square feet in suite 1105 at 445 Douglas Ave.

 The new local tenant who leased 395 square feet at 455 Douglas Ave., suite 2255B  at Plaza North is L’Eveil Massage, LLC. 

For a complete copy of the company’s news release, please contact:

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

Marcus & Millichap Capital Corp. Names R. John Wilcox Vice President

R. John Wilcox II

NEWPORT BEACH, CA –Marcus & Millichap Capital Corporation (MMCC) has named R. John Wilcox II as vice president, according to William E. Hughes, MMCC’s senior vice president and managing director.

Based in the firm’s Manhattan office, Wilcox will assist in managing MMCC’s day-to-day operations with a specific emphasis on growing its East Coast debt and equity platform.

 His mandate is to assist the firm’s loan originators in developing and expanding their business and to recruit additional professionals to grow existing teams and staff new offices. 

William Hughes

 Wilcox will work with MMCC’s professionals to arrange debt and equity transactions for all types of commercial real estate.

“John’s management background and capital markets expertise, combined with his institutional background, will support the significant expansion of MMCC’s business lines,” says Hughes.

For a complete copy of the company’s news release, please contact:

Ben Johnson

 Marketing Director

(925) 953-1736

Hot Trend Continues in Commercial Real Estate

Family Dollar store, 951 Doyle Road, Deltona, FL

 Naples, FL -- An interest rate environment that has propelled the commercial real estate market to levels not seen since 2007 has continued to show no signs of slowing down, according to David Wells, head of Wells Net Lease Group. Evidenced by the sale of a Family Dollar located in Deltona, FL by a Midwestern private equity fund.

David Wells

The property contains 9,600 square feet located at 951 Doyle Road, Deltona, FL 32725. The purchase price was 1,700,000 and the cap rate was 7.75. The property has a new 10 year lease with a rare 10% increase in year 5.

  

The seller is one of the nation’s largest developers and was represented exclusively by Wells Net Lease Group, Inc.

“Investors have been making low yields in safe treasuries and bonds for too long waiting for the market to turn, says Wells. “At some point you have to move on and adjust to the new conditions.”  

He says Wells Net Lease Group is the largest private net lease brokerage company in the nation.

For a complete copy of the company’s news release, please contact:

David Wells :

david.wells@wellsnetlease.com

305.498.6095

www.wellsnetleasegroup.com

Invest Atlanta Approves Grant for ExactTarget to Expand Atlanta Presence; Move Will Create Up To 225 Jobs

  

Mayor Kasim Reed

ATLANTA, GA— The board of Invest Atlanta approved a grant of up to $200,000 from the Economic Opportunity Fund as part of a joint effort with the Georgia Department of Economic Development to facilitate an expansion of ExactTarget in Buckhead.

Headquartered in Indianapolis, ExactTarget is a leading global provider of cross-channel digital marketing solutions. The expansion of its Pardot Marketing Automation Team is expected to create up to 225 new jobs. The total expected private investment is expected to be at least $1.25 million.

 “Today’s announcement further proves that Atlanta is a great city for technology growth,” said Mayor Kasim Reed. “Atlanta will provide the diverse talent pool and growing culture of innovation that ExactTarget needs to expand their operations. We look forward to welcoming them to our great city.”

For a complete copy of the company’s news release, please contact:

 Patti Ghezzi

The Wilbert Group

404-290-1996 

pghezzi@thewilbertgroup.com

http://investatlanta.com

Wyndham Hotel Group’s Terry Sanders Appointed to LHRA Board of Directors

PARSIPPANY, N.J. (May 17, 2013) - Terry Sanders, senior vice president of development for Wyndham Hotel Group, has been appointed to the board of directors of the Latin Hotel & Restaurant Association (LHRA), an organization that supports the business interests of Latino owners, operators and developers in the hospitality industry.

Sanders, a 16-year veteran of the development and franchise sales industry, plays a key role in the growth of Wyndham Hotel Group’s U.S. portfolio of hotels with a primary focus on enhancing the company’s midscale and upper-midscale presence. 

He joined Wyndham Hotel Group in 2002 and has since served in a variety of sales and development roles, including director of development, regional vice president and vice president of new construction.

For a complete copy of the company’s news release, please contact:

Gabriella Chiera

Wyndham Hotel Group

22 Sylvan Way

Parsippany, NJ 07054

+1 (973) 753-6590

gabriella.chiera@wyn.com

FrontDoor Communities Expands Atlanta Office with Addition of Rob Levin as Controller

Terry Russell

ATLANTA, GA-- FrontDoor Communities announced today that it has expanded its Atlanta office with the addition of Rob Levin as controller. Levin is a professional who brings extensive experience in financial and accounting management in the real estate industry to his new role.

“We are thrilled to welcome Rob to the FrontDoor team,” said Terry Russell, CEO and partner of FrontDoor.

 “Rob has a proven history of successfully managing corporate financials, and I’m confident he will be an excellent addition to our Atlanta home office. With many new projects in the future, his strong leadership and skillset will be invaluable.”

As controller, Levin will manage financials, accounting, and project teams. He brings more than 15 years of experience to FrontDoor.

 For a complete copy of the company’s news release, please contact:

Leigh Taylor

The Wilbert Group

404-263-9415

37,358-SF Assisted Living Facility in Lake City, FL Sells for $6.7 Million

WillowBrook Assisted Living, Lake City, FL

LAKE CITY, FL, May 16, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of WillowBrook Assisted Living, a 37,358-square foot assisted living facility located in Lake City, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

Krone Weidler

 The asset commanded a sales price of $6,700,000.

Ms. Krone Weidler, associate vice president investments and seniors housing specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the local seller, a limited liability company. Ms. Weidler also procured and represented the buyer of the property a private investor from Florida.

The WillowBrook Assisted Living facility is located at 1580 South Marion Avenue. This 37,358-square foot building sits on approximately 5.2 acres of land that includes a gazebo and pond.

Built in 2000 with an addition added in 2004 and 2007, WillowBrook is one of the new facilities in north central Florida. The facility caters to a private pay population with most residents needing some assistance.

“WillowBrook is a Class “A” asset with 64 units and 68 assisted living licensed beds,” Ms. Weidler said in a statement. 

“This type asset is in demand and buyers will continue to pay top dollar in the foreseeable future. Florida continues to be a popular destination for retirees and seniors housing continues to be a growth sector for investors” adds Ms. Weidler.

 For a complete copy of the company’s news release, please contact:

Richard D. Matricaria

Regional Manager

Tampa, FL

(813) 387-4700

U.S. Sen. Johnny Isakson to Deliver Keynote at NAREE Conference in Atlanta, GA

  

                                              Hilton Atlanta, Atlanta, GA

 ATLANTA, GA (May 16, 2013) — U.S. Sen. Johnny Isakson, R-Ga., will deliver the keynote speech at the National Association of Real Estate Editors (NAREE) 47th Annual Journalism Conference, set for June 5-8 in downtown Atlanta. Isakson, who has served in the Senate since 2005, will speak to the group Friday, June 7 at the Hilton Atlanta at 8:45 AM.

U.S. Sen. Johnny Isakson

NAREE is the only association for journalists and communications professionals covering residential and commercial real estate. 

The conference will bring leading editors, writers, columnists and bloggers from around the country to hear industry trends on home sales, mortgages and finance, new urban mixed-use development and green building.

 Sen. Isakson served as president of Northside Realty in Georgia for two decades and has sponsored several real estate-related pieces of legislation.

Mary Doyle-Kimball

“Senator Isakson’s first-hand knowledge of the real estate industry coupled with the legislation he sponsored – including the $8,000 tax credit for first-time home buyers – makes him a natural fit for NAREE’s audience of real estate journalists,” said Mary Doyle-Kimball, NAREE executive director.

NAREE President Kris Hudson, Wall Street Journal, will open the conference on Wednesday, June 5 at 8:30 a.m. Vice President Daniel Taub, Bloomberg News, will moderate a multifamily panel on June 6. 

NAREE Board Director Matt Valley, France Media is NAREE's Atlanta Conference Chair. Freelancers and staff reporters and editors from Reuters, Washington Post, Chicago Tribune, Los Angeles Times, New York Times, New York Post, Consumer Reports, Dallas Morning News, Inman News, MSN Real Estate,  AOL, Orlando Sentinel, Charlotte Observer and The Atlanta Journal-Constitution, among others are registered for NAREE’s conference.

For a complete copy of the company’s news release, please contact:

NAREE: Mary Doyle-Kimball: 561-391-3599

Senator Isakson's Press Secretary: Lauren Culbertson: 202-224-3643

The Wilbert Group Atlanta: Tony Wilbert: 404-405-3656

www.naree.org.

Charles Dunn Company Completes $3.85 Million Sale of Retail Property in San Diego, CA

  

                                 Crosby Square Shopping Center, San Diego, CA

  

LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $3.85 million sale of Crosby Square, a 13,414-square-foot retail property with two second-story apartment units. 

Justin Mendelson

Situated in the southern Downtown San Diego submarket, the property is located at 1879 Logan Avenue, just off the I-5 Freeway and near the Coronado Bridge.

Justin Mendelson, Darrell Levonian, and Fred Sheriff of Charles Dunn Company represented the seller, Lee Family Trust from Newport Beach, Calif., as well as the buyer Crosby Square, Inc. from San Diego, Calif.  The closing capitalization rate was 6.75 percent. 

Darrell Levonian

Built in 1989, Crosby Square Shopping Center is situated on .55 acres of land and is 100 percent occupied.  There are a total of 11 retail tenants in the center as well as two apartment units.  The new owner plans some extensive re-positioning of the property in the appearance and tenant mix.

“This property has seen continued interest from several national retailers,” said Mendelson.  “The property is situated in an area called Barrio Logan which is a developing submarket in the area.  The buyer saw that growth potential, and saw the purchase as a long-term investment.” 

Fred Sheriff

Fred Sheriff commented: “Development has been underway for quite some time to upgrade the Barrio Logan area, which included the recent completion of a 93-unit apartment building just west of Crosby Square.  The changing demographic will require new retailers to serve their needs.”

The sales team also noted that the buyer obtained excellent new financing from Wells Fargo Bank.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

www.charlesdunn.com

. 

National Retail Properties Inc. Declares Dividend for its 6.625% Series D Preferred Stock

Orlando, FL - The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable June 14, 2013, to shareholders of record on May 31, 2013.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. 

Kevin Habicht

As of March 31, 2013, the company owned 1,636 properties in 47 states with a gross leasable area of approximately 19.3 million square feet.

For a complete copy of the company’s news release, please contact:

Kevin B. Habicht

Chief Financial Officer

(407) 265-7348

www.nnnreit.com

.

Colliers International Brokers $4.4 Million Cash Sale of South Dade, FL Land

  

19250 South Dixie Highway, Miami, FL 

 MIAMI, FL - Colliers International South Florida announced the $4.4 million all-cash sale of a 4.11-acre parcel of land at 19250 South Dixie Highway, Miami, Florida 33157.

Michael T. Fay

Representing the seller, Williamson South Miami-Dade LLC, were Michael T. Fay, Chairman-Founding Partner of Colliers International South Florida, and Xavier Cossard, National Director of the Colliers Automotive Retail Services (CARS) Group.

Xavier Cossard

Alan Esquenazi, Principal at CREC represented the buyer, Destiny Buildings, LLC. 

 

The new owner, a retail user, plans to occupy the majority of the site and develop the balance.

 "We feel that retailers are starting to move south outside of Miami's core," said Xavier Cossard. "Despite the complexity of putting together development deals today, we were able to complete the transaction in 40 days. We expect interest in South Dade retail to continue and increase."

For a complete copy of the company’s news release, please contact:

Crystal Proenza

Vice President of Marketing

Colliers International South Florida

Commercial Real Estate Services

Tel: 305 476 7138

Email: crystal.proenza@colliers.com

 www.colliers.com

73-Room Former Days Inn in Mayfield, KY Sold by Marcus & Millichap

Former Days Inn, Mayfield, KY

Jonathan S. Ruprai

MAYFIELD, KY, May 14, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Former Days Inn, a 73-room exterior corridor hotel located in Mayfield, Kentucky, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

Jonathan S. Ruprai and Larry Hausman, senior associates in Marcus & Millichap’s Tampa, Florida and Louisville, Kentucky offices, had the exclusive listing to market the property on behalf of the seller, a financial institution.  Ruprai procured the buyer of the property, a Kentucky-based limited liability company. 

Larry Hausman

Aaron Johnson, broker of record in Kentucky, assisted in closing this transaction.

 For a complete copy of the company’s news release, please contact:

Richard D. Matricaria

Regional Manager,

Tampa, FL

813) 387-4700