NAI Realvest Negotiates Leases for more than 10,000 SF of Industrial space on Goldenrod and Hanging Moss in Orlando, FL

Kristen Kemp

ORLANDO, FL  – NAI Realvest recently negotiated four lease agreements for 10,353 rentable square feet of industrial space at Goldenrod and Hanging Moss CommerCenters in Orlando. 

Michael Heidrich, principal and Kristen Kemp, associate at NAI Realvest negotiated the lease of 4,412 square feet in Suite 240 at 1468 N. Goldenrod Rd. representing the landlord Goldenrod SPE, LLC. 

The new tenant is Logsdon & Sons Installations, LLC represented by Josiah Biddle of McNulty Group. 

Heidrich also brokered a lease renewal on behalf of the same landlord with Mobil Oval Auto Repair, LLC, the tenant who occupies Suite 325 with 2,191 square feet. 

Patricia Sullivan

Heidrich negotiated two new lease agreements for 1,875 square feet each in Hanging Moss CommerCenter at 6124 Hanging Moss Rd. 

The local tenants are Steamatic of Central Florida, Inc., represented by Patricia Sullivan of Olde Town Brokers, and White’s Athletics, LLC represented by Bryan Daughtry of Century 21 Carioti.    Hanging Moss SPE, LLC is the landlord.

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

Beth Payan or Larry Vershel, Larry Vershel Communications

407-644-4142

CBRE Lists Mercantile Bank Plaza for Sale in Winter Park, FL

Mercantile Bank Plaza, 1560 North Orange Avenue, Winter Park, FL

ORLANDO, FL -- CBRE, Inc. is the exclusive marketing broker for 1560 N. Orange Ave; a Class-A, seven story, multi-tenant office building located in Winter Park, Florida.

Excellent access and visibility, strong occupancy and high quality nearby amenities make 1560 Orange an excellent investment that does not come available often.

     

Ron Rogg

   Property Snapshot

Rentable Area 102,651 sq. ft.

Land Size ±4.74 Acres (±206,651 SF) on main parcel plus

±0.64 Acres (± 27,878 SF) on parking lot across Orange Avenue

±5.38 Acres TOTAL

Year Built 1971

No. of Stories Seven

Parking 234 Surface Spaces on-site, plus 60 in the lot across Orange Avenue

Submarket Winter Park

 

       Investment Highlights

  +  NOI projected to grow 66% over the next ten years

 +  Winter Park office vacancy rate is only 10.78% as of 2Q 2015 (Class A vacancy is 4.36%)

 +  In-place rents are below market

 +  Strong in-place income from credit tenants

 +  Additional development potential: medical, office, retail, residential

 +  Superior location and visibility on a hard corner, offering more than 1,100 linear feet frontage on 17/92 and Orange Avenue

   +  Minutes away from Orlando's CBD, Florida Hospital, Park Avenue and Rollins College

 +  Amenities include an on-site fitness center and ATM

 +  Located at signalized intersection

Edward 'Chip' Wooten

 +  Rare opportunity to purchase a well-established office property in one of Orlando’s most exclusive submarkets

  

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

  Ronald J. Rogg, CCIM

Executive Vice President

+1 407 839 3194

ron.rogg@cbre.com

 

Edward "Chip" Wooten

Associate

+1 407 839 3195

chip.wooten@cbre.com

  

PKF Hospitality Research Forecast Accuracy Remains High

  

R. Mark Woodworth

 Atlanta, GA, Aug. 12, 2015 – PKF Hospitality Research (PKF-HR), a CBRE Company released the results of their latest assessment of the accuracy of their Hotel Horizons® forecasts for the U.S. lodging industry.  

This is the fourth periodic review conducted by PKF-HR since 2005 and is an important and critical component of the firm’s forecasting efforts.

“Once again we are pleased to report that the accuracy of our forecasts remains high,” said R. Mark Woodworth, senior managing director of PKF-HR.  “Accuracy on the national level continues to far exceed generally accepted benchmarks.  

"At the local level, accuracy is strong for the most part.  However, there are markets where the level of precision will be improved.

“Periodic accuracy assessments are extremely important to us.  Internally, they help us improve our models and forecasting procedures.  Externally, these tests of accuracy allow our clients to calibrate the decisions they are making based on our forecasts,” said Woodworth.

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

Chris Daly

Gray Public Relations

703 435 6293

chris@dalygray.com

www.dalygray.com

Veteran Healthcare Practice Consultant Ernie Anaya Joins Bull Realty in Atlanta, GA

Ernie Anaya

ATLANTA, GA (Aug. 12, 2015) – Veteran healthcare practice consultant Ernie Anaya, MBA has joined Atlanta-based commercial real estate brokerage firm Bull Realty’s Healthcare Real Estate Services division.

 Ernie’s practice is focused on delivering commercial real estate solutions for healthcare providers—including large medical group practices, clinics, and integrated healthcare systems- that meet their client demographic profiles, space requirements, and compliance with OSHA, Stark and Anti-Kickback laws and HIPAA. 

His goal is to help healthcare clients develop and execute successful healthcare real estate strategies that meet space requirements, and growth and profitability goals.

Anaya has over 20 years of experience in Fortune 500 Business-to-Business and Management Consulting, with a focus on the healthcare industry. 

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

Melissa Henry

Communications Associate

Bull Realty, Inc.

50 Glenlake Pkwy, Suite 600

Atlanta, GA  30328

404-876-1640 x 110

Anita Paryani and Jake Roberts of IPA Capital Markets Arrange $100 Million in Investment Property Financing in Second Quarter

Anita Paryani

LOS ANGELES, CA  – Institutional Property Advisors Capital Markets (IPACM), a leading provider of debt and equity placements and advisory solutions for major investors, announces that Jake Roberts, first vice president capital markets, IPA, a division of Marcus & Millichap, and Anita Paryani, vice president capital markets, IPA, both in West Los Angeles, arranged approximately $100,000,000 in commercial real estate financing in the second quarter of this year.

            “As the country’s economy continues to grow, commercial real estate investors are taking advantage of the market’s fundamentally sound conditions to add to their investment portfolios and refinance existing assets at favorable terms from a wide variety of funding sources,” says Roberts.

“Investors are seeing strong performances from most property types and are enjoying improved access to financing,” adds Paryani. “Nonbank lenders, including private equity lenders, are providing more loans, especially first mortgage loans, to commercial real estate borrowers and the number of CMBS lenders in the marketplace continues to grow.”

Jake Roberts

“Even with the increasing likelihood of an upward interest rate adjustment in September, it’s a great time to be a borrower,” concludes Roberts.

One of Roberts and Paryani’s most significant transactions in the second quarter is $29,250,000 in acquisition financing for a multifamily property in Northern California.

The 65 percent loan-to-value, three-year debt placement has an adjustable interest rate of LIBOR plus 200 basis points. Roberts and Paryani also procured $23,300,000 in fixed-rate refinancing at 4.53 percent over a 30-year term for a hospitality property in San Diego. That debt placement is 70 percent loan-to-value.

Other financial arrangements completed by Roberts and Paryani in the quarter include the placement of multifamily acquisition loans in Spokane Wash. that totaled more than $19 million and a $6.78 million industrial warehouse refinancing in Grand Rapids, Mich.

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

Gina Relva

Public Relations Manager

(925) 953-1716

IPA Facilitates Sale of Crabtree Valley Rehab Facility in Northwest Raleigh, NC

Mark Myers

RALEIGH, NC – Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and major private real estate investors, is pleased to announce the sale of a 134-bed skilled nursing facility, Crabtree Valley Rehab, located at 3830 Blue Ridge Road in the northwest portion of Raleigh.

            IPA executive director Mark Myers, IPA senior director Joshua Jandris and IPA associate director Charles Hilding, all of the firm’s Chicago O’Hare office, advised the seller. Mike Pardoll, senior vice president investments and senior director of the national senior housing group, of the firm’s Charlotte office procured the buyer. 

“The facility is operating extremely well and experiencing strong cash flow,” says Myers. “It is conveniently located within 5 miles of two hospitals.”

            The facility was built in two phases, with the 100 and 200 halls built in 1987 and the 300 and 400 halls built in 1993. There are six private rooms and 64 semi-private rooms for a total of 70 patient rooms.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Marcus & Millichap’s Exclusive Listing: Sabina Plaza in Miami, FL Hits the Market for $13.6 Million

Sabina Plaza, SW 152nd Avenue , Miami, FL

Kirk D. Olson

 MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that it has obtained the exclusive listing for Sabina Plaza at Bird Road, a 51,044-square-foot shopping center located in Miami. The asset is listed for $13,616,000.

Kirk D. Olson and Drew A. Kristol, both vice president investments in Marcus & Millichap’s Miami office, are representing the seller, a limited liability company from North Miami, Fla.

“The property is in impeccable condition with minimal deferred maintenance and excellent curb appeal,” says Olson. “This is a rare opportunity for an investor to own a newer construction shopping center in one of Miami’s most attractive, high-growth submarkets.”

Sabina Plaza is anchored by Dollar Tree with a diverse mix of national and local tenants including a daycare, martial arts studio, dance studio, dental office, nail salon, beauty salon, cross-fit gym and two restaurants. Walgreens and Bank of America are outparcels to the property and attract significant traffic; they are not included in the offering.

Sabina Plaza at Bird Road is located at 4001 SW 152nd Avenue on the signalized corner of Bird Road and SW 152nd Avenue.

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

Kirk A. Felici

First Vice President/District Manager

 Miami, FL

(786) 522-7000

Annaly Capital Management, Inc. Announces Preferred Dividends

NEW YORK, NY, Aug. 11, 2015--(BUSINESS WIRE)-- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the third quarter 2015 of $0.492188 per share of Series A Preferred Stock.

This dividend is payable on September 30, 2015, to Series A Preferred Stock shareholders of record as of September 1, 2015.

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

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

www.annaly.com

Marcus & Millichap Arranges Sale of villas of Pembroke Pines in Pembroke Pines, FL

  

Adam Duncan

PEMBROKE PINES, 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 Villas of Pembroke Pines, a 40-unit apartment property located in Pembroke Pines, Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $3,180,000 equating to $79,500 per unit.

Adam Duncan, a senior associate, Joseph P. Thomas, a vice president investments and Derek Soven, an associate, in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private investor from Sewalls Point, Fla., and the buyer, a private investor from Hallandale Beach, Fla.

“We were able to generate multiple offers through our marketing process and ultimately closed at our asking price,” says Duncan. 

Joseph P. Thomas

“The buyer was able to add to their footprint in Southern Broward County allowing for continued growth of their portfolio with the acquisition” Thomas added. 

The Villas of Pembroke Pines consist of two, two-story multifamily buildings totaling 40 units located just east of Florida’s Turnpike, south of Pembroke Road. 

The property offers an excellent unit mix including 32 one-bedroom apartments and eight two-bedroom apartments. The units feature spacious floorplans with ceramic tile flooring, electric appliances, walk-in closets and central air-conditioning.

The property is located at 6601 and 6661 SW 18th Street near many area schools and colleges, including a number of flight schools, Florida International University, Broward College, Pembroke Pines Elementary School, West Hollywood Private School and Flanagan High School. 

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

Ryan Nee

Regional Manager

 Fort Lauderdale, FL

(954) 245-3400

ACME Furniture, Convey Health Solutions and Florida PACE Centers Lease a Combined 134,000 Square Feet of Space at Miramar Park of Commerce in Miramar, FL

Maridee Bell

MIRAMAR, FL (Aug. 11, 2015) – Three companies have signed leases totaling 134,000 sq. ft. at the Miramar Park of Commerce, the largest locally owned and managed Business Park in South Florida. They are:

ACME Furniture, a national corporation with eight warehouses across the United States, has leased 70,164 square feet of warehouse space in MPC 29-A, 9641-9633 Premier Parkway. 

The warehouse will double as a distribution facility for the company’s vast furniture and home furnishing selections. 

Representing the Park in the transaction were Maridee Bell and Ryan Goggins of Sunbeam Properties and representing ACME Furniture was Maurice Pardo and Rafael Villamizar of Vertical Strategies.

Convey Health Solutions, Inc., a large-scale solution provider of health insurance processes for more than a decade, has leased 51,863 square feet of office space in MPC-12B at 2900 N. Commerce Parkway. The office space will be utilized for health insurance enrollment, processing and billing. Representing the Park in the transaction were Bell and Goggins and representing Convey Health Solutions was Ryan Nunes and Scott Allen of CBRE.

Ryan Goggins

Miami Jewish Health Systems has leased 12,538 square feet of space at the Miramar Park of Commerce to establish its fourth Florida PACE Center, located at 2814 Corporate Way. Florida PACE is a comprehensive program responsible for all acute and long-term care services for more than 575 seniors on Medicaid and Medicare, at home or in healthcare facilities. 

Representing the Park in the transaction were Bell and Goggins and Ken Barber and Phyllis Baker of Trion 1 Ventures, Inc. acted on behalf of Miami Jewish Health Systems/Florida Pace.

This year the Miramar Park of Commerce, consisting of more than five million square feet of warehouse, flex and office space, is celebrating 30 years of serving the community since it first broke ground in 1984.  The Park is currently leased at a record 97 percent.

  

For more information, contact Ryan Goggins (rgoggins@wsvn.com) or Maridee Bell (mbell@wsvn.com) at 10212 USA Today Way, Miramar, FL 33025 or call 954-450-7900.

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

954-776-1999

Pierson Grant Public Relations

Maria Pierson, ext. 222 mpierson@piersongrant.com

Lexi Robinson, ext. 255 lrobinson@piersongrant.com

Stirling Sotheby's International Realty is Marketing all New Waterfront Custom Built Homes at The Peninsula at Island Lake in Longwood, FL

Artist’s rendering of The Murano one of the luxury homes by Oakwood Construction and Development available at The Peninsula at Island Lake in Longwood, FL

LONGWOOD, FL -- Stirling Sotheby’s International Realty was named sales and marketing agents for The Peninsula at Island Lake, an exclusive enclave of 11 waterfront and conservation view home sites in Longwood.

Marisol Santiago Soderstrom and Little Friend

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the custom home sites in the private gated community range from one-half acre to more than one acre and are priced from $95,000 to $115,000. 

Within the first two weeks of project launch, Soderstrom said three of the homesites with custom homes have already been sold.   Custom home prices including lots range from the $400s to the $700s.

International Luxury Home Specialist Marisol Santiago Soderstrom is representing the property. 

The Peninsula at Island Lake is a signature development of Oakwood Construction and Development who is also developing the luxury Palermo Vista villa community in the Longwood-Lake Mary area. 

To view a property brochure, visit www.PeninsulaAtIslandLake.com

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

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

Emerson International Negotiates Long Term Lease with Millers Ale House at Major Plaza II in Southwest Orlando, FL

Kenneth Koch

ORLANDO, FL --- Emerson International recently negotiated a long-term lease agreement for 18,944 rentable square feet at Major Plaza II, located at 5750 Major Center Blvd. west of Kirkman Rd. near International Drive.

Kenneth Koch, director of leasing, negotiated the transaction on behalf of Emerson, the landlord of the Major Plaza office development. 

Millers Ale House is the new tenant who leased the entire 4th Floor of the 84,000 square foot mid-rise office building for its new corporate administrative offices.  

Millers Ale House, a casual sports bar-themed restaurant, has 70 locations across the US.  Joe Hills of Jones Lang LaSalle represented the tenant.

Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies in the U.K. 

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

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

WNC provides $3.2 million in LIHTC equity to fund Hi-Lake Triangle Apartments, a new 64-Unit Affordable Senior Housing Community in Minneapolis, MN

  

Michael Gaber

MINNEAPOLIS, MN – Aug. 11, 2015 – WNC, a national investor in real estate and community development initiatives, announced today the completion of Hi-Lake Triangle Apartments, a newly constructed 64-unit affordable senior housing community in Minneapolis.

 WNC provided approximately $3.2 million in low-income housing tax credit (LIHTC) equity to fund the new development.

“WNC is pleased to have participated in the development of Hi-Lake Triangle Apartments, delivering new, affordable senior housing to an area, and a nation, in desperate need,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.

“We are thrilled to help deliver this new community, providing many high quality amenities to its residents.”

Hi-Lake Triangle Apartments is a six-story building comprised of 53 one-bedroom and 11 two-bedroom units.

 Located at 2230 E. Lake St., approximately 3 miles from downtown Minneapolis, the elevator-serviced community is part of a mixed-use development containing 5,385 square feet of ground floor retail space.

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

www.wncinc.com.

Conor Commercial and Globe Corporation Announce Launch of AZ|60 Industrial Development in Gilbert, AZ

Rendering of planned AZ|60 Industrial Development, Gilbert, AZ

          PHOENIX, AZ  – Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, are pleased to announce the acquisition of a 16-acre land parcel for the development of AZ|60 – a new two-building, 225,600 square foot industrial project.

Bill Honsaker

 Available for-sale or lease, the speculative facilities will offer modern design and flexible configurations to meet the growing demand within Gilbert’s booming industrial sector.  The venture will break ground in October with occupancy slated for April 2016.

AZ|60 is located within Fiesta Tech Center on the northeast corner of Desert Lane and Colorado Street, near the intersection of Arizona Avenue and Baseline Road in the Town of Gilbert, Arizona.

  Located 20 miles from downtown Phoenix, the site offers substantial transportation cost savings to industrial users with its close proximity to U.S. Route 60 just one mile away and the Loop 101 three miles away.

For additional information about AZ|60, please contact Steve Larsen (602.282.6296 or steve.larsen@am.jll.com) or Bill Honsaker (602.282.6267 or bill.honsaker@am.jll.com). 

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

www.conorcommercial.com.

BKM Capital Partners Secures 29 Leases in Las Vegas Industrial Assets

  

Cheyenne Technology Center, Las Vegas, NV

Las Vegas, NV (Aug. 11, 2015) – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant industrial investments, has announced the completion of 29 leases in three of its Las Vegas industrial assets.

Matthew Stephenson

“The Las Vegas industrial market has leapt into action, and our investors are reaping the benefits,” notes Matthew Stephenson, Director of Asset Management for BKM Capital Partners. 

“When we acquired these assets in 2014, the industrial vacancy rate was approximately 11 percent.  At the time, we recognized the potential in the market, and we anticipated that vacancy would tighten rapidly.”

BKM, an investment management firm that specializes in the redevelopment, operation, and ownership of multi-tenant industrial assets throughout the West has proven to have strong instincts in acquisition targets in the current market according to Stephenson.

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

Jenn Quader

Brower, Miller & Cole

(949) 955-7940

jquader@browermillercole.com

www.bkmcapitalpartners.com.