Capital One Bank Introduces Capital One Multifamily Finance, Combining Balance Sheet and Agency Lending Capabilities

Rick Lyon

 New York, NY – Capital One Bank has introduced Capital One Multifamily Finance, a commercial real estate organization that combines Capital One’s balance sheet and agency lending groups into a single entity.

 The announcement marks the next stage in Capital One’s integration of Beech Street Capital, the agency originator and servicer acquired by Capital One in November 2013. 

 “These teams are already working closely together to offer our clients the best of both organizations,” said Rick Lyon, Head of Commercial Real Estate Banking, Capital One.

 “Bringing them under a single banner enhances our ability to serve clients more efficiently, while signaling to the marketplace that we intend to become an even greater force in the multifamily business.”

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

Courtney Lewis at 240-507-1948 or

 Jenifer Bernardi at 240-507-1946.

www.capitalonemultifamily.com.

FrontDoor Communities Plans Largest Residential Infill Development in Historic Downtown Roswell, GA

ATLANTA, GA (June 3, 2014) – FrontDoor Communities continues to grow its presence in Georgia with plans for a second development in the flourishing city of Roswell.

Goulding, the largest residential infill development in Historic Downtown Roswell, will consist of 27 townhomes, 13 single-family homes and a remodel of an existing historic home on the property.

Located just blocks from the popular Canton Street shopping and dining district, Goulding will be part of the Roswell Historic District. 

In addition to its high walkability score, the development will have a central park with benches, patios and landscape features to connect residents with their neighbors.

“As a Roswell resident myself, I’m proud to bring FrontDoor’s quality design to the area,” said Eric White, division vice president of FrontDoor. “Our architects have put a lot of thought into each and every detail of these homes to reflect Roswell’s rich historical elements. No two homes in the community will be the same.”

Single-family homes in Goulding will start in the mid $800,000s and feature three stories, master bedrooms on the main floor, two to three additional bedrooms and elevator options.

Terry Russell

There are two floor plans for townhomes, starting in the mid $600,000s to low $700,000s and featuring many of the same design elements. 

FrontDoor will also remodel a 19th-century home on the land once owned by the Goulding family, the namesake of the community.

“We worked closely with the Roswell Historic Preservation Commission to compose streetscapes that represent the best in historic Roswell architecture,” added Terry Russell, FrontDoor CEO.

Home construction will begin in spring 2015 and is expected to be complete by mid-year. With the addition of Goulding, FrontDoor now has four communities in Georgia.

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

M.C. Rhodes •The Wilbert Group

1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309

O: 404-343-0274  • M: 678-983-5867

thewilbertgroup.com

http://www.frontdoorcommunities.com/

ValueRock Realty Partners Adds To Investment and Development Team with Key Hires

  

Dennis Vaccaro

IRVINE, CA - ValueRock Realty Partners, a vertically-integrated real estate investment and operating company, is growing its investment and development leadership.

The firm has added Dennis Vaccaro as senior vice president, investments; Patrick Cox as managing director and chief development officer; and Chad Owens as vice president of finance operations.

Dennis Vaccaro leads development of the investment strategy and acquisitions and dispositions for the investment division of ValueRock Realty Partners.

 He brings more than 20 years of hands-on experience in retail and mixed-use commercial property investment, and has completed in excess of $3 billion in transactions over the span of his career. 

Vaccaro has spent the majority of his career providing high-level advisory expertise in acquisitions and dispositions that cover a broad range of retail categories including anchored, non-anchored retail, mixed-use, single-tenant retail, sale leasebacks, and retail portfolio assets located across the nation.

Chad Owens

Patrick Cox is responsible for value-add strategy, leasing and construction of development and redevelopment opportunities as well as redevelopment of existing shopping center properties within the firm’s extensive portfolio, building on his background. 

Before joining ValueRock, Cox served as senior vice president and partner of commercial development for a division of Steadfast Companies where he managed all facets of the firm’s commercial real estate portfolio. 

Throughout his 15-year tenure at the firm, he was an integral part of building the commercial platform amassing in excess of five million square feet of commercial real estate throughout the Western US, including ownership/operation of a retail collection of assets consisting of regional malls, power centers and community shopping centers.

Chad Owens now leads the firm’s due diligence process on all transactions as well as financing activities for both property acquisitions and refinances.

Patrick Cox

 Owens also plays a key role in the development of investment strategies, and oversees all property underwriting responsibilities. He brings more than 15 years of commercial real estate experience in acquisitions, dispositions, development, and refinancing with experience in a variety of commercial real estate asset classes, including retail, multifamily, hospitality, and master planned developments.

 Previously he served as vice president of operations with a market leading retail advisory and brokerage services firm and as a finance manager for a privately held multifamily investment and management company.

“I am excited about the opportunity to join ValueRock and its senior leadership. The firm is comprised of a strong bench of highly-experienced real estate professionals with a uniquely significant focus on its culture and values. I look forward to bringing my experience to the team and helping ValueRock continue to grow,” said Vaccaro.

“We are building key areas of our firm, especially our investment division. Dennis, Patrick and Chad will be important drivers in building our portfolio and ensuring that our value add and core focus is enhanced,” noted David Lee, chairman and CEO, ValueRock Realty Partners. “These individuals all exemplify the foundation of ValueRock which is built on strength of integrity and expertise.”

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

RECI Reports Retail and Industrial Assets Back on Investors’ Favored List

Jeanne Peck

Chicago, IL - Ongoing mortgage spread compression, lower treasury yields and less restrictive underwriting are today's headlines.

Investors are constantly surprised about the downward movements in mortgage and capitalization rates.  Many fear of being 'too late' to the investment party, but have no choice but to accept skinnier returns given the

insatiable appetite for investing in various types of commercial real estate ventures.

 Mirroring this trend, key real estate capital market discussion points relating to very low starting yields are as follows:

Commercial properties, namely retail and industrial assets are clearly back on the favored list with most lenders, as funding sources offer tighter spreads and pricing comparable with the most favored property type

(multifamily).  

The lower range for mortgage rates on conservatively

leveraged assets is only represents about a 10-basis-point variance between different properties types (except for hotel and special-purpose assets).

Long-term (10 year) mortgage rates start below 4% for such type of fundings.

New construction is in demand most types of urban infill properties

including multifamily, mixed-use and retail developments. Return-on-cost

benchmark development yields for such projects start as low as 6.5% in most

markets, but can even be 50 to 100 basis points lower in gateway coastal

markets.

Insatiable demand for credit-tenant, net leased properties generates

capitalization rates starting in the higher-4% range, particularly for

ground lease deals.  Credit tenants are more selective on locations,

creating a new construction shortage, while tax exchange investors drive the

demand side of the market in direct competition with institutional sources.

The Real Estate Capital Institute's director, Jeanne Peck suggests,

"Borrowers are having a field day with competitive financing choices,

including structured debt and equity transactions.

She adds, "in fact, the biggest competition for the capital stack is within the capital stack as

existing lenders and equity investors are willing to contribute more dollars

into high quality assets, pushing out mezzanine, Pref equity and other types

of hybrid debt vehicles from the financial equation."

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

Jeanne Peck, Executive Director

  director@reci.com / 

www.reci.com

Kiser Group Retained to Sell Four Apartment Properties and Three Mixed-Use Buildings in Northwest Suburbs and Chicago

  

CHICAGO, IL (June 3, 2014) – Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, has been retained for six new Chicago-area listings, one of which includes a two-property portfolio.

In the Northwest Suburbs, one listing is an apartment portfolio consisting of a 62-unit complex in Palatine and a 40-unit complex in Harvard; the other listing is a 13-unit mixed-use building in downtown Arlington Heights. 

In Chicago, listings include a 69-unit apartment building in South Shore; a 13-unit mixed-use building Ravenswood Manor; a 20-unit apartment building in Chatham; and a 14-unit corner apartment building in Auburn Gresham.

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

Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523

Lone Oak Fund Provides Financing for Three Hotel Properties in California

Alexa Mizrahi

LOS ANGELES, CA – Lone Oak Fund, LLC, a private lender specializing in short term loans on commercial and residential properties, has provided financing for the acquisition and refinance of three separate hotels totaling 140 rooms in California.

“Private money lending activity is beginning to soar in the hospitality industry,” says Alexa Mizrahi of Lone Oak Fund.  “Hotel owners and investors are seeking alternative finance solutions that can deliver the flexibility and speed they need to acquire and reposition hotel properties.”

Lone Oak, a mortgage fund with more than 700 high net worth members, notes that these solutions may include lender partnerships that help to increase leverage, or short-term loans that can more easily transition to conventional financing.

 “By working together, we were able to provide the borrower with leverage totaling 80 percent of the acquisition cost, while keeping the blended rate extremely competitive, below ten percent,” says Mizrahi.

All three loans closed concurrently in less than two weeks, according to Lone Oak Fund.

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

Jenn Quader or Amanda Alenick

Brower, Miller & Cole

JQuader@browermillercole.com

(949) 955-7940

www.loneoakfund.com

                        

AuctionWorks to Host Real Estate Auction June 23-25

Diana M. Peterson

CHICAGO, IL  – AuctionWorks has announced the firm will host an auction online June 23-25 that will include single-family, multi-family, mixed-use, office, industrial, retail and vacant land.

The auction includes two luxury homes in Chicago’s Lincoln Park and Peterson Park neighborhoods. 

Also, six of the 27 properties currently offered are bank-owned and will be sold absolute to the highest bidder, regardless of price. 

Buyers can bid online or submit pre-auction offers.

 “Auctions have become a popular choice for sellers of luxury properties who are seeking more control over the sale process in a time when traditional sale contracts often fall apart due to financing and other contingencies,” said Diana M. Peterson, president of Chicago-based AuctionWorks.

“These sellers are often sophisticated and wealthy ̶ not in distress, foreclosure or bankrupt ̶ and are attracted to the auction process for myriad reasons.” 

Interested parties in the June 23-25 online auction should visit www.svnauctionworks.com to bid and join the mailing list to receive upcoming auction notices. Many of the properties are expected to sell pre-auction, and pre-auction bids are highly encouraged.

  

Commercial properties and vacant land will also be offered in the June auction, with several being bank-owned, including four vacant land parcels and an industrial property, all of which will be sold absolute to the highest bidder, regardless of price.

  

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

Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523

Emily Johnson, ejohnson@taylorjohnson.com, 312-267-4522

                        

Marcus & Millichap Arranges $4 Million Sale of Two Waterfront Fort Lauderdale, FL Apartment Buildings

Joseph P. Thomas

  FORT LAUDERDALE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Villa Venezia and Riva Apartments, two adjacent apartment buildings totaling 16 units, located in Fort Lauderdale, FL.

The assets sold for $4,000,000 representing $250,000 per unit and $320 per square foot.

Villa Venezia and Riva Apartments are located at 132 and 136 Isle of Venice in Fort Lauderdale, FL.

Joseph P. Thomas, a vice president investments, and Adam Duncan, an associate, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor from Weirsdale, FL. 

“Villa Venezia and Riva Apartments have been beautifully maintained primarily as seasonal rental properties, with only a few long term tenants on annual leases. The properties offer the buyer the flexibility to takeover and continue to manage as seasonal rentals or to convert to monthly rental apartments with conventional leases,” says Thomas.

Adam Duncan

“Isle of Venice Drive and Hendricks Isle to the west are currently undergoing a transformation with a handful of new condominium and townhouse projects currently in permitting or development.

 Many older rental and vacation properties have been demolished as a result, creating an even greater demand for all rental units in the area and rising rental rates,” adds Duncan.

The Villa Venezia and Riva Apartments are adjacent waterfront properties located on Isle of Venice Drive in Fort Lauderdale. The properties are located just north of Las Olas Boulevard, a short drive from Fort Lauderdale Beach and downtown. 

They total 16 units and consist of luxuriously furnished one and two bedroom apartments. They also include 12 rental boat slips.

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

Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

HSA Commercial Lands DSW Designer Shoe Warehouse at The Mayfair Collection

CHICAGO, IL (June 2, 2014) — Timothy Blum, executive vice president of Retail Development for HSA Commercial Real Estate, today announced that DSW Designer Shoe Warehouse will be opening at The Mayfair Collection this fall. DSW recently executed a lease for an 18,072-square-foot space at Suite 190, two doors north of Old Navy, where the company will start building out its store within the coming weeks.

 “We are very excited to have DSW as part of The Mayfair Collection,” said Blum. “We believe that DSW has the exact type of branding, merchandising, and service that will complement the line-up of stores that are now open.”

“We are thrilled to open our new store at The Mayfair Collection. DSW will bring national brands and incredible values—from 20% to 70% off savings—every day in an easy-to-shop environment,” said Mike MacDonald, president and CEO of DSW Inc.

Mike MacDonald

 DSW will join Nordstrom Rack, Dick’s Sporting Goods, Saks Fifth Avenue OFF 5TH, Ulta Beauty, and the other stores in The Mayfair Collection’s Phase 1 which opened to huge crowds of customers on April 3rd.

The project’s construction consisted of adaptively repurposing functionally obsolete warehouse buildings along Highway 45 into new, contemporary retail environments that have been enjoyed by thousands of shoppers from across the metro Milwaukee area since the shopping center’s grand opening.

 DSW will relocate from its existing location at the southwest corner of North Avenue and Mayfair Road later this year once the store at The Mayfair Collection opens for shoppers.

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

Mark Thomton, mthomton@taylorjohnson.com, 312-267-2523

Marcus & Millichap Arranges Sale of Midas-Leased Auto Center in Clearwater, FL for $600,000

James Medefind

CLEARWATER, FL, June 2, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a Midas leased automotive center, which is currently being subleased to Charlie's Car Care, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $600,000.

James Medefind, an associate in Marcus & Millichap’s Tampa office, Kirk D. Olson and Drew A. Kristol, vice presidents investments in the firm’s Miami office, had the exclusive listing to market the property on behalf of the Miami-based seller, a limited liability company. 

Armando Rodriguez, associate in the firm’s Tampa office procured the buyer of the property, a private investor from California.

Midas-Clearwater was built in approximately 1960 and is located at 1519 Gulf to Bay Boulevard in Clearwater, Fla. The property is located off busy State Road 60 and is one block east of the five-point intersection where Highland Avenue, Gulf to Bay Boulevard and Court Street meet.

Kirk D. Olson

 This favorable location acts as the main route to Tampa and the local beaches, with a traffic count of over 48,000 per day.

“This sale is a classic example of Marcus & Millichap’s ability to access capital from across the country in order to maximize the net profit for its clients,” says Medefind.  “In this case, a California investor was looking for more attractive returns than he could receive in his home state.”

“Florida was an attractive alternative as an income tax-free state with a high population growth.  After realizing the high quality location on State Road 60 and limited downside, the buyer aggressively pursued this asset.  It was truly a ‘win-win’ for everyone involved,” concludes Medefind.

  

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

Richard D. Matricaria

Regional Manager

Tampa, FL

(813) 387-4700

WNC Closes $48.5 Million California Fund

                                                                              

Will Cooper Jr.

IRVINE, CA June 2, 2014 – WNC, a national investor in real estate and community development initiatives, announced today it has closed WNC Institutional Tax Credit Fund X California Series 12, LP (WNC Cal 12), a $48.5 million institutional low-income housing tax credit (LIHTC) fund.

The fund, which includes 11 investors, will acquire nine properties located in four counties in California.  

 Comprised of seven family and two senior housing properties, WNC Cal 12 includes 714 units of affordable housing in Los Angeles, San Diego, San Bernardino and Kern counties.

 WNC Cal 12 is the company’s second California fund to close in the past 12 months, representing equity raise of $94.5 million in the last year.

WNC has a long tradition of raising equity for affordable housing in the Golden State and has closed a total of 28 California funds that have acquired 185 properties in 45 counties. 

WNC is the only syndicator that has successfully offered and closed a California fund in each of the last 12 years.   

 “While other syndicators have come and gone in the California LIHTC market, we are very pleased to complete yet another successful offering with our development and investment partners,” said WNC President and Chief Executive Officer Will Cooper, Jr.

“California has one of the largest gaps in income equality, as well as some of the nation’s most expensive housing. With the California Series 12 fund, WNC seeks to protect existing affordable housing projects through renovation and expand the stock of units available to the state’s working families and low-income seniors.”

WNC, founded in 1971 and headquartered in Irvine, Calif., is a national investor in real estate and community development initiatives.

 WNC has acquired more than $6.2 billion of assets totaling in excess of 1,200 properties in 45 states, Washington D.C. and the U.S. Virgin Islands.

 Since 2000, WNC has been awarded four New Markets Tax Credit (NMTC) allocations, totaling $178 million, and has facilitated development of 17 low-income community projects.

 WNC’s investor base exceeds 19,500 institutional and retail clients, including Fortune 500 companies, multinational banks, and insurance companies. Additional information is available at www.wncinc.com.

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

Julie Leber

Spotlight Marketing Communications

949.427.5172, ext. 703

julie@spotlightmarcom.com

Leasing Momentum Continues at Morgan Stanley Tower in Downtown St. Petersburg, FL

Morgan Stanley Tower
St. Petersburg, FL

 ST PETERSBURG, FL – Leasing momentum continues at the newly renamed Morgan Stanley Tower in downtown St. Pete. 

 RE/MAX Metro has leased 9,218 square feet and will move their corporate headquarters into the Tower in September.   The deal was brokered by RE/MAX Metro’s Commercial Division. 

 The Class A office building formerly known as Wells Fargo Plaza/150 2nd Avenue North was renamed Morgan Stanley Tower after the financial services giant signed a long-term lease earlier this year. 

“It was very important for us to continue to maintain a prime downtown location with street level entrance for our consumers,” stated RE/MAX Metro President and Owner, Rick Brown.

“The location in the Morgan Stanley Building, across from Sundial, in what will be the most prestigious financial center in downtown St. Petersburg was the perfect fit for our 75 agents and Luxelist (luxury) Division.” 

RE/MAX Metro corporate headquarters has been located across the street from Morgan Stanley Tower for nearly 13 years.   The company which handles all types of real estate services, including residential, luxury, bank-owned, property management and commercial properties has additional offices in Treasure Island, Tierra Verde and Gulfport.  

  

Rick Brown

 The 17-story, 187,000 square foot office building was purchased in August of last year by a joint venture consisting of affiliates of Feldman Equities, Tower Realty Partners and Second City Capital Partners.

 “We purchased the building soon after Wells Fargo Bank vacated 22,000 square feet,” said co-owner Larry Feldman, CEO of Feldman Equities who spearheads leasing for the building. 

 “In less than a year we have leased 42,282 square feet. This acquisition gave us the opportunity to do what we do best - renovating and upgrading office buildings in order to maximize their value.”  

A multi-million dollar renovation will begin later this year. Morgan Stanley Tower is one of downtown St. Petersburg’s best-located, premier Class A office buildings with water views of Tampa Bay and a premium downtown location across from the new Sundial Shops (formerly BayWalk).  The group also owns the nearby, 242,000 square foot City Center office building.

Larry Feldman

Over the last 20 years, Feldman Equities and Tower Realty Partners have successfully joint ventured on the acquisition of millions of square feet of underperforming office buildings. 

Most recently the joint venture has partnered on City Center in downtown St Petersburg, Wells Fargo Center in downtown Tampa and Fountain Square II in Tampa’s Westshore Business District.

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

Feldman Equities - Larry Feldman, 727-822-3395 lfeldman@feldmanequities.com

RE/MAX Metro – Rick Brown, 727-896-1800 rick@metroagents.net

Banner Property Management Wins 2013 Satisfacts National Resident Satisfaction Awards

  

Doug Miller

NORTHBROOK, IL -- SatisFacts (www.SatisFacts.com) is excited to announce that Banner Property Management is a 2013 national resident satisfaction award winner.

 Even more exciting is that Banner received the highest score of any client with 5,000 - 9,999 units using our Insite® product!  The company earned a dramatic 4.54 on a five point rating scale, and seventeen communities won a national award.

 The significance of this is that SatisFacts works with over 200 management companies and well over a million apartment homes nationally – so winning the highest award is quite an accomplishment.   

Doug Miller, founder and president of SatisFacts, adds, “Everyone wins when there is a passion for delivering world-class service – and resident feedback shows Banner has this passion!  Residents reward with their renewals.  Reduced turnover grows NOI. 

And dramatic marketing advantages can be realized leveraging scores and awards to boost a property and company’s online reputation.  When resident expectations are being met and exceeded, then SatisFacts helps clients leverage this by using award logos in advertising and marketing programs.”

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

Steve Matre

BANNER APARTMENTS / Banner Property Management, LLC

500 Skokie Boulevard, Suite 600

Northbrook, IL 60062

(847) 656-5101 Direct

(847) 480-5760 Fax

www.BannerApartments.com

www.BannerUpdates.com - Corporate Blog

First Move-ins Underway at 73 East Lake Luxury Rental in Chicago’s Loop

73 East Lake Apartments, Loop District
Chicago, IL

CHICAGO, IL – Chicago-based RMK Management Corp. has welcomed the first residents at 73 East Lake, a 42-story apartment building in Chicago’s Loop. This makes the luxury tower, which has leased more than 20 percent of its 332 units, the first new-construction apartment tower to open in 2014.

 It is also the first luxury rental development in Chicago by developer M & R Development since it opened Parc Huron in the River North neighborhood in 2010.

 “Welcoming the first residents to a building is always one of the most exciting milestones at any development, but it’s especially so in this case as these are also the first move-ins for all of the new-construction luxury towers opening this year,” said Anthony Rossi, Sr., president of Chicago based M & R Development and RMK Management Corp.

 “There has been – and continues to be – a lot of interest in 73 E Lake, and we’re proud to show it off.”

 Designed by architect Solomon Cordwell Buenz (SCB), 73 East Lake includes 183 indoor parking spaces and 332 units ranging in size from 682 to 1,246 square feet. Plans include convertible/studio-style layouts, one-bedroom/one-bath layouts, and two-bedroom/two-bath layouts.

 The apartments offer a high level of interior finishes including GE stainless steel appliances and Venatino Quartz countertops in the kitchen, 9-foot ceilings, hardwood flooring, floor-to-ceiling windows, and a full-sized in-unit washer and dryer.

Anthony Rossi

“When designing apartments for urban living, making the most of the space is essential. So we incorporated a number of flexible design elements into 73 East Lake’s residences, like a built-in desk, a moveable kitchen island, and an opaque glass sliding partition in the convertibles for privacy,” said Rossi.

 Rossi also noted the building offers a number of high-tech features including built-in flat panel television support with cable management, raised power outlets, and pre-wired high speed internet in all rooms featuring Category 6 Ethernet cable.

 Both AT&T and Comcast services are available offering the residents the flexibility to choose providers. Wifi is also available throughout the building,

 73 East Lake also offers three floors of luxury amenities, including the 9th and 10th floors with an indoor pool; oversized spa with waterfall; sauna and steam rooms; a state-of-the-art fitness gym with separate fitness room featuring a Fitness on Request class kiosk, and a Core Fitness studio ideal for personal training sessions.

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

Vanessa Irving, virving@taylorjohnson.com, 312-267-4525

Kim Manning, kmanning@taylorjohnson.com, 312-267-4527

Lincoln Brokers Leases Totaling 23,536 Square Feet at SunTech Commerce Park in Metro Orlando

SunTech Commerce Park, Lake Mary, FL

ORLANDO, FL – Lincoln Property Company Southeast (Lincoln) has brokered leases totaling 23,536 square feet at SunTech Commerce Park, a campus-style office park in Lake Mary, Florida, in recent months. Sean DuPree and Austin Stahley of Lincoln represented the landlord in the transactions.

 The details of the deals signed in May are below:

• Extreme Youth Sports signed a new lease for 4,861 square feet.

• Lasertainment Productions Inc. signed a new lease for 3,337 square feet.

 No other brokers were involved in the transactions.

Sean DuPree

 Earlier this spring, DuPree and Stahley represented the SunTech landlord when Applied Concepts signed a lease renewal and expansion totaling 12,638 square feet and RFID Hotel signed a new lease for 2,700 square feet. Nick Poole of Jones Lang LaSalle represented Applied Concepts in its transaction.

 The 223,828-square-foot SunTech Commerce Park features five office/flex buildings and one, three-story office building. It is located near Interstate 4, is 100 percent sprinklered and offers tenants 24-hour access.

 In March, DuPree represented Nitzan Shif, owner of Choice Plumbing, in his $290,000 purchase of 3550 Old Winter Garden Rd., a 9,000-square-foot warehouse property in Orlando.

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com