NAI Realvest Negotiates Office Leases at Primera Court I and II in Lake Mary, FL for Acupuncturist, Logistics, Engineering and Mortgage Firms

Mary Frances West

Lake Mary, FL  – NAI Realvest recently completed four lease agreements for Class A office space totaling 6,294 rentable square feet at Primera Court I and II located at 725 and 735 Primera Blvd. in Lake Mary.   

Mary Frances West, CCIM, Vice President at NAI Realvest, brokered the transactions on behalf of the landlords, Interchange Primera Court I, LLC and Interchange Primera Court II, LLC.  

New tenants at Primera Court I include Complete Well Being Center, Inc. who leased 1,122 square feet for an acupuncture practice opening in January and Logiplan USA, LLC providing logistic services for the convention and show industry also leased 1,122 square feet.  

Wesley Chapel-based USA Engineering, Inc renewed its lease of 2,670 square feet at Primera Court I.

At Primera Court II West negotiated a lease renewal for 1,380 square feet with Tenant Carrington Mortgage Services based in Santa Ana, Calif.

For more information on this transaction, please contact:

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

  

NAI Realvest Negotiates $1.55 Million User Sale of Industrial Building at Monroe CommerCenter South

Michael Heidrich

SANFORD, FL --- NAI Realvest recently negotiated a $1,550,000 user sale of the 21,600 square foot industrial building located at 4275 Church St. in Monroe CommerCenter South in Sanford.

Michael Heidrich, a principal at NAI Realvest, represented the Seller RHCP COP Orlando, LLC based in Sparks, Md.   

Buyer Adrian Steel–Florida, based in West Palm Beach, is the parent company of Advanced Van and Sales, who will operate out of the building. Josh Lipoff of Jones Lang LaSalle represented the buyer.

Heidrich said the property is one of the three industrial buildings in Phase 3 of Monroe CommerCenter South.  One more investor/user building remains for sale – 4295 Church St. with 17,280 useable square feet and listed for $1,296,000.

For more information on this transaction, please contact:

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

   

Hold-Thyssen Negotiates New Five-Year Lease at Phillips Place in Southwest Orlando With National Engineering Consultants

Darby Hold

ORLANDO, Fla. --- Hold-Thyssen, a full service real estate services firm headquartered in Winter Park, recently negotiated a five-year lease for 2,091 square feet at Phillips Place, 7575 Dr. Phillips Blvd. in Southwest Orlando. 

Darby Hold, associate for Hold-Thyssen, Inc. negotiated the transaction representing the landlord,Financial Way Realty, Inc., based in Cincinnati, Ohio.

Deanna Meredith

The new tenant Prism Systems, Inc., provides automation and controls software engineering and systems development for Fortune 500 companies nationwide.  Deanna Meredith with Luxe Properties LLC represented Prism.

Hold-Thyssen, Inc., the leasing and management representative for the 56,000 square foot Phillips Place, provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

Osceola County Planning Commission Elects Veronica Malolos Chair

Veronica Malolos

KISSIMMEE, FL / ORLANDO, FL -- Veronica Malolos, Osceola County broker with NAI Realvest, was elected Chair of the Osceola County Planning Commission to serve a one-year term in 2018.    Malolos is most likely the County Commission’s first minority woman to hold that office.

Patrick Mahoney, president of NAI Realvest, said Malolos has served as a Planning Board Commissioner for over four years and, “is a recognized leader of both civic and human services initiatives in Osceola County.”  

Patrick Mahoney

She’s a past president of the Osceola County Assn. of Realtors and was honored by the Central Florida Commercial Assn. of Realtors for her community service, Mahoney added.

As Chair of the Osceola County Planning Commission Malolos will guide the commission in its task of ensuring that land development is consistent with the county’s comprehensive plan.   

“Osceola County is one of the fastest growing counties in the nation and with the effects of the recent devastation of Hurricane Irma we have to remain diligent in doing the good work to best serve our ever-changing community,” Malolos said.        

For more information, please contact:

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

EagleBridge Capital Arranges $5.85 Million Mortgage For CVS Ground Lease in Wayland, MA

CVS Pharmacy, Main Street, Wayland, MA

Ted M. Sidel

Boston, MA -- EagleBridge Capital has arranged acquisition and permanent mortgage financing in the amount of $5,850,000 for a long term ground lease to CVS Pharmacy on Main Street in Wayland, Massachusetts where a new CVS is currently under construction.    

The mortgage financing was arranged by EagleBridge principals Ted M. Sidel and Brian D. Sheehan who stated that the loan was provided by a leading Massachusetts thrift institution.

The new free standing CVS is under construction on a 2.1 acre site located at corner of Main Street and West Plain Street. 

The CVS shall contain 13,900 square feet and will also feature a drive thru as well as 60 parking spaces.  The site was formerly the home of Finnerty’s Restaurant which was demolished to make way for the new pharmacy.

Mr. Sheehan and Mr. Sidel stated, “We are pleased that EagleBridge was able to structure the financing to provide a combination acquisition and permanent mortgage at a very attractive rate, term, and amortization with the first year being interest only.

Brian D. Sheehan

CVS operates over 9700 retail pharmacies across the country with over 357 located in Massachusetts and is part of CVS Health Corporation.

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for shopping centers, apartments, office, industrial, and 

r & d buildings, hotels, condominiums, and mixed use properties as well as special purpose buildings.

For more information on this transaction, please contact:

Stanley J. Sidel

Senior Advisor

EagleBridge Capital

33 Broad Street

Boston, MA 02109

Tel: 617-292-7177 Ext. 300

www. eaglebridgecapital.com

Harbert Realty Services Orlando Office Announces New Team Member Buffy Gillette

Buffy Gillette

ORLANDO, FL, Jan. 4, 2018 -- Harbert Realty Services’ Orlando office welcomes Buffy Gillette as new Director of Office Leasing and Sales.

 Buffy will focus on business development for the Central Florida office by expanding relationships in landlord & tenant representation, investment sales and corporate services. She will bring an extensive amount of strategic knowledge and creativity to the group that will enhance the client experience.

Prior to joining Harbert Realty, Buffy worked as a managing director and director of leasing, helping grow the Orlando branch for a major commercial real estate firm. Early in her career, Buffy worked for a national homebuilder, specializing in marketing, selling, developing and managing residential communities.

Josh Smith

Buffy has been a CCIM chapter board member since 2014 and serves on the Programs Committee of Commercial Real Estate Women (CREW).

Harbert Realty Services opened its Orlando, Florida office in June 2017. Josh Smith, Vice President and Managing Director, heads the Orlando office. 

His experience as a business owner and sales executive has provided him with the ideal resume to execute a Florida growth strategy for HRS.

“We are excited to have Buffy on board and believe she will be a valuable asset to our exponential growth here in Orlando,” said Smith.

“Central Florida has been a great market for Harbert throughout the years. The decision to re-invigorate our brokerage and development presence here makes sense and now is the right time to do it,” Smith stated. “We have a long history in this market and a strong platform to grow from. The goal is to quickly build the right team, grow our services and expand our reach into the state as a southeast operation.”

For more information on this transaction, please contact:

 Harbert Realty Services, LLC

Kim Varagona

kvaragona@harbertrealty.com

205-918-8104

Biometric Security Systems Provider More Than Doubles South Florida Footprint

Maridee Bell

MIRAMAR, FL (Jan. 4, 2018) – SekureID, a leading provider of next-generation biometric security hardware, software and solutions, expanded by 6,615 sq. ft. to occupy 22,220 sq. ft. of space at the Miramar Park of Commerce, South Florida’s largest locally owned and managed business park.

SekureID originally leased 9,500 sq. ft. at the Park in 2015 when the company moved its headquarters to Miramar from Hialeah. In Miramar, the company now also operates a complete biometric security software and hardware development and distribution facility.

“SekureID has been fortunate in that our company growth has been organic,” said SekureID Director of Brand Communications Victor Chauvet. “As we developed more solutions and refined our technologies to better fit the needs of our customers in access control markets around the country, increased demand dictated the need for more employees and continued expansion.”

Lauren Pace

SekureID employs 65 individuals at the Park and intends to hire additional staff with its continued growth. “We aim to promote and employ professionals within the community, which has brought us so much success,” Chauvet said.

SekureID’s space at the Miramar Park of Commerce houses offices for sales, marketing, account management and technical support as well as industrial suites for warehousing, engineering, logistics and distribution.

“Location definitely played a major role in SekureID’s decision to lease at the Park,” said Vice President Maridee Bell of Sunbeam Properties, developer of the Miramar Park of Commerce. “SekureID needed a centralized and versatile space to accommodate both the commercial and manufacturing aspects of its business. With this third expansion, the company has benefitted from our ability to adjust to changing space requirements as well as from the Park’s accessibility to major roadways.”

Miramar Park of Commerce, Miramar, FL

In the transaction, the Park was represented by Bell and Lauren Pace of Sunbeam Properties & Development.

  

With the objective of making biometric technology more accessible to everyday Americans, SekureID is in the process of expanding its network to include nationwide dealers and retailers of security systems.

“With lofty goals set and the right people in place, we hope to double or even triple in size by 2020. We want to become a beacon of success in South Florida’s regional business community,” Chauvet said.

For more information on this transaction, please contact:

Lexi Robinson

954-776-1999, ext. 255

lrobinson@piersongrant.com

HFF announces $1.467M sale of 18.34-acre development site in the Charlotte area

Sarah Godwin

Chris Norvell

CHARLOTTE, NC – Jan. 4, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $1.467 million sale of an 18.34-acre land parcel within The Park – Huntersville, a master-planned development in the North Charlotte-area community of Huntersville, North Carolina. 

HFF marketed the property on behalf of the seller, Bank of America, N.A., as Trustee for the Bank of America Pension Plan, and Scannell Properties purchased the asset. 

Scannell plans to develop an approximately 150,000-square-foot industrial flex building on the site.  Earlier in 2017, Scannell purchased the adjacent 21.91-acre site from the seller to develop an R&D and manufacturing facility.  This is the third land parcel that HFF has sold within The Park – Huntersville during 2017, for a total of 34.34 acres.

Ryan Clutter

The Park – Huntersville is a mixed-use development with 2.6 million square feet developed, including 1.46 million square feet of office/flex space, 949,000 square feet of industrial, 125,000 square feet of retail, 560 apartment units and an estimated 6,000 daily employees in diverse industries such as healthcare, logistics and distribution, financial services, engineering and racing. 

 Notable employers within The Park – Huntersville include Novant Health, Forbo Siegling, Joe Gibbs Racing, American Tire, General Motors Financial, Kellogg and Max Daetwyler Corporation. 

 Located immediately off the Gilead Road exit of Interstate 77, the Charlotte region’s critical north-south connector, The Park – Huntersville provides access to Uptown Charlotte, the UNC-Charlotte/University City area and executive housing in the sought-after Lake Norman area.

Justin Good

The HFF investment advisory team representing the seller consisted of senior managing directors Chris Norvell and Ryan Clutter, managing director Justin Good, senior director Hunter Barron and director Sarah Godwin.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina licensed real estate broker.

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

 http://www.scannellproperties.com.

American Realty Advisors Adds Shelley Santulli to Portfolio Management Team

Shelley Santulli

  

LOS ANGELES, CA, (Jan. 4, 2018) – American Realty Advisors (“ARA”), an institutional fund manager with more than $8.0 billion in assets under management, is pleased to announce that Shelley Santulli has joined the firm as Executive Vice President, Portfolio Management.

In this role, Ms. Santulli adds to the team developing and executing strategy for ARA’s value added fund and will work with senior leadership on new product development and strategic business initiatives.

Ms. Santulli brings to ARA over 26 years of experience in real estate investment management with nearly 20 years on the principal side of institutional investing. 

Most recently, she was Managing Director, Head of Strategy and Business Development at Berkshire Group where she was a member of the Berkshire Group Operating Committee, led strategic planning, product development and strategic business development initiatives and had oversight of economic and market research, corporate communications and corporate administration during her tenure.

Prior to joining Berkshire Group, Ms. Santulli held senior real estate investment positions at The Congress Group, Inc., AEW Capital Management, and Fidelity Investments. 

Her institutional real estate investment experience is deep and broad covering major domestic and international markets and a variety of property sectors, investment strategies and capital structures. 

Kirk Helgeson

Ms. Santulli holds an MBA from the University of Chicago and a Bachelor of Arts degree in Economics and Political Science from Duke University. She is a council member of the Urban Land Institute and member of the Pension Real Estate Association.

Kirk Helgeson, ARA’s Chief Investment Officer, commented, “We are pleased to have Shelley join our team and bring her extensive experience to add to ARA’s existing portfolio management resources. Having Shelley in this leadership role will contribute significantly to the growth and success of our funds and to our ability to produce competitive returns for our clients."

For more information on this news release, please contact:

Miki Akil / Lexi Astfalk for American Realty Advisors

Brower, Miller & Cole

(949) 955-7940,

 makil@browermillercole.com

    www.aracapital.com.       

HFF announces the sale of 15,690 SFgrocery-anchored shopping center in Southern California

Gleb Lvovich

       NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Quarry Creek Plaza, a 15,690-square-foot retail center shadow anchored by Albertsons in the Southern California coastal community of Oceanside.

The HFF team marketed the property on behalf of the seller, Quarry Creek Investors. 

Completed in 2003, Quarry Creek Plaza is 92.6 percent leased to a variety of internet-resistant tenants, including Jamba Juice, Subway, Los Tacos, Poki Poki, Supercuts, America Dry Clean, Happiness Nails and Smashburger.  The center is shadow anchored by Albertsons and is directly across from a Walmart Supercenter, both of which provide a necessity-based “daily-needs” draw to the property. 

Additional shadow-anchors include PetSmart and Kohl’s, which have a regional attraction.  Quarry Creek Plaza is at 3460 and 3480 Marron Road where Mason Road intersects with College Boulevard and is exposed to more than 51,000 vehicles per day. 

 The center is in Oceanside, a town 38 miles north of downtown San Diego, at the entrance to The Preserve, a master-planned community in Carlsbad with more than 570 homes under construction.  More than 119,318 residents earning an average annual household income of more than $93,000 live within a three-mile radius of the center. 

Mike Moser

The HFF retail investment advisory team representing the seller included Gleb Lvovich along with Mike Moser, partner at Retail Insite, who worked on the center leasing and assisted in deal execution.

“The sale of Quarry Creek Plaza represents investor’s continued interest in acquiring internet-resistant retail environments consisting of food and services tenants,” Lvovich said.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

For more information on this transaction, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

HFF announces capitalization of Market Station in Denver, CO

Market Station Mixed-Use Development, Lower Downtown District, Denver, CO

Eric Tupler

DENVER, CO – Jan. 3, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces capitalization of Market Station, a 370,000-square-foot, Class A mixed-use development in the heart of Denver’s Lower Downtown (LoDo) district.

HFF worked exclusively on behalf of the developer, Continuum Partners, a Denver-based firm specializing in building urban, mixed-use developments, to arrange a joint venture equity partnership for the development of the property with Clarion Partners, LLC.

Due for completion in 2019, Market Station will provide a premier live-work-shop environment in the heart of the thriving LoDo district combining urban living space with best-in-class amenities, premier high-street retail and well-located office space.

The property will consist of 225 multi-housing units; approximately 85,000 square feet of first- and second-floor retail; 95,000 square feet of office; and approximately 320 shared parking spaces operated in an all-valet system.  The site occupies nearly a full city block bordered by 16th Street, Market Street, 17th Street and Blake Street.

The HFF team representing the developer included senior managing director Eric Tupler, managing director Josh Simon, senior director Peter Merrion and director Mark Williford.

For more information on this transaction, please contact:

OLIVIA HENNESSEY

HFF PR Coordinator, Marketing

(713) 852-3500

ohennessey@hfflp.com

www.continuumpartners.com.

 www.clarionpartners.com.

 www.hfflp.com

 or follow HFF on Twitter @HFF.

Berger Commercial Realty Leases 23,000 Square-Feet at Enterprise Commerce Center in Deerfield Beach, FL

Enterprise Commerce Center, 1500 Powerline Road, Deerfielid Beach, FL

John Forman

FORT LAUDERDALE, FL – Brokers John Forman and Keith Graves of Berger Commercial Realty/CORFAC International facilitated two leases totaling 22,920 square-feet of industrial space at Enterprise Commerce Center. The property is located at 1500 S. Powerline Road in Deerfield Beach.

Representing Mancini & Sons Florida LLC, the brokers leased 15,482 square-feet of space to Wayne Automatic Fire Sprinkler, Inc. and 7,438 square-feet of space to Moving Dudes, LLC. With the transactions, the brokers have brought the property to 100 percent occupancy.

Enterprise Commerce Center consists of 30,586 square-feet of office, warehouse and showroom space and offers ample parking, grade-level and dock-high overhead doors, frontage on Powerline Road and convenient access to I-95, Florida’s Turnpike and the Sawgrass Expressway.

For more information about Berger Commercial Realty’s leasing services, call 954-358-0900.

For more information on this news release, please contact:

954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255,

lrobinson@piersongrant.com

Marielle Sologuren, ext. 226,

msologuren@piersongrant.com

www.corfac.com

www.bergercommercial.com

OLIVE HILL GROUP AQUIRES HIGH PROFILE, AWARD-WINNING 113,000 SQUARE-FOOT TROPHY SANTA MONICA OFFICE BUILDING FOR $117 MILLION

Michael Cho

LOS ANGELES, CA – Olive Hill Group, LLC, a Los Angeles-based private investor, operator and developer of commercial real estate, is acquiring 520 Broadway - a rare Class A office building encompassing 112,987 square feet in Downtown Santa Monica - for $117 million, according to Michael Cho, President of Olive Hill Group. 

The property has been named BOMA of Greater LA’s “Outstanding Building of the Year” in both 2014 and 2017.

“This is a unique investment opportunity in a very supply constrained region of Silicon Beach,” says Cho. “520 Broadway is the only building of this size in the Downtown area not held by long-term ownership. Future acquisition opportunities in Santa Monica will be rare, which strategically positions this property to perform well over time.”

Cho explains that stringent development limits imposed by the City of Santa Monica in the 1980s have stifled office development in the market. As a result, there are currently no proposed new office developments within the Downtown region.

Tim Lee

“Lack of supply will drive long-term demand for 520 Broadway, which also benefits from the tremendous growth of Silicon Beach, which continues to emerge as a hub for the technology, entertainment, and digital information industries,” says Cho who notes that the submarket is home to tech giants such as Google, Facebook, Snapchat, SpaceX, Amazon, and Microsoft.

In fact, tech funding in Los Angeles has expanded for the fifth year in a row, according to Tim Lee, Vice President of Corporate Development and Legal Affairs for Olive Hill Group.

“Last year, the tech sector in LA raised $4.2 billion, which was a 38 percent increase from 2015,” says Lee. “We expect this number to continue to climb, attracting more and more tech startups and companies to the region.”

According to Lee, “Santa Monica is a top performing gateway market that is poised for long-term growth. Average asking rental rates in Santa Monica have reached new peaks, finishing the third quarter of 2017 at $6.04/per square-foot, per month, according to Transwestern’s most recent quarterly report.”

Constructed in 1981, the 520 Broadway office building underwent $13.2 million in renovations in 2013.  At the time of Olive Hill’s acquisition, the asset was 82 percent occupied.

The property is located at 520 Broadway in Santa Monica, California. Eastdil Secured represented Olive Hill in this transaction.

Steven Edwards & Grace Winters of Manatt, Phelps & Phillips, LLP represented the buyer as legal counsel in this transaction.

 For more information on this news release, please contact:

Katie Clendening / Lexi Astfalk

Brower, Miller & Cole

(949) 955-7940

kclendening@browermillercole.com

www.olivehillgroup.com.

Shaner Hotels Announces Grand Opening of 105-Room Fairfield Inn & Suites Daytona Beach Speedway/Airport

    

Fairfield Inn & Suites Dayona Beach Speedway/Airport, Daytona Beach, FL

Daytona Beach, FL –The Shaner Hotel Group, one of the hospitality industry’s leading owner-operators of full- and select-service hotels, announced the grand opening of the 105-room Fairfield Inn & Suites Daytona Beach Speedway/Airport.  The hotel is owned by a joint venture comprised of Prime Hospitality Group, the International Speedway Corporation (ISC) and Shaner.  Shaner also will operate the property.

“With its prime location across the street from Daytona International Speedway and its premier selection of dining, entertainment and shopping options, ONE DAYTONA has become the destination of choice for race fans and area visitors,” said Lance Shaner, chief executive officer, The Shaner Hotel Group.

Lance Shaner

  “The Fairfield Inn & Suites Daytona Beach Speedway/Airport caters to everyone from business travelers seeking the latest amenities to families who prefer the added space our suites provide. 

"This marks our 13^th Fairfield hotel, and we are confident our familiarity with the brand will allow us to ramp up quickly as the hotel takes its rightful place as the destination of choice for Daytona Beach’s midscale travelers.”

Located at 1820 Checkered Flag Blvd., the four-story property is one of two hotels to anchor ONE DAYTONA, a premier mixed-use destination located across from Daytona International Speedway. 

 The Fairfield is convenient to the Richard Petty Race Experience, Daytona Beach, Embry Riddle Aeronautical University, and Boardwalk Amusement Center.  

The hotel features Fairfield’s signature expanded lobby with spaces designed for entertainment, socializing and working.  The hotel also offers 2,000 square feet of meeting space, as well as a 24/7 market, indoor pool, fitness center, business center and flexible work spaces.  All guest rooms are furnished with high-speed Wi-Fi internet access, mini-refrigerators and microwaves.  Suites provide separate living and working spaces.

ONE DAYTONA leasing efforts are managed by Legacy Development, a firm intensely focused on creating innovative destination retail and mixed-use projects. With a national footprint and asset management expertise, Legacy is the ideal consultant to represent this unique address. 

For leasing inquiries, please contact Kristen Tremonti at ktremonti@legacydevelopment.com or 816-777-3500.

 For more information on this news release, please contact:

Chris Daly, Shaner Hotels  

Mike Oates, Bellefield Development Partners

  (703) 435-6293   

moates@bellefielddevelopment.com          

                                                     

chris@dalygray.com          

www.internationalspeedwaycorporation.com.

http://www.PrimeHospitalityGroupUS.com

www.bellefieldhydepark.com/.