$10.5 Million Sale of 300 Acres Makes Way for DeBary’s First Traditional Design Community in Florida

Steve Costa

DeBary, FL. --- NAI Realvest / Charles Wayne Commercial recently closed on the $10.5 Million sale of just under 300 acres on Fort Florida and Barwick Roads in DeBary. 

 A new 700-unit community called Rivington is planned by the buyer Reader Communities of Orlando and Raleigh , N.C.

 Steve Costa, principal at NAI Realvest/Charles Wayne Commercial represented the seller, Empire Cattle, Ltd.,a third generation, family-owned ranching and citrus operator with land holdings in Putnam and Volusia Counties including development parcels in DeBary and Lake Helen .  

 Costa said this new home community will be unique to DeBary and is across the highway from The Junction, the 68-acre Charles Wayne mixed use development that includes Bungalow Homes and Apartments underway plus 104,000 square feet of retail space with a major grocery store.    

Jeff Reader

 Reader Communities is developing a residential community on the property with traditional elements such a walkability, shared green spaces and alleys to accommodate rear entry garages. 

 Homes will range from 1,500+ square foot townhomes to single-family homes which will top out around 3,000 square feet, according to Jeff Reader, vice president at Reader Communities. 

 The master planned community developer markets and sells developed homesites to national homebuilders. 

 Rivington will be developed in several phases of 100–200 lots at a time, and Reader expects homes will be priced from the low $200s to the high $300s.  

Aerial view of planned Rivington Community in DeBary, FL

 “This parcel is ideally situated for a new neighborhood development located just over the St. Johns River from the Lake Mary/Sanford employment centers via easy access to 17-92 and Interstate 4,” said Costa.

 Rivington is a walkable transit oriented development, immediately adjacent to DeBary’s  TOD and it is less than a quarter mile west of the DeBary SunRail station. The convenience to major arterial highways provides its residents with everything Orlando and Central Florida offers.  

 CONTACTS:

Steve Costa, Principal, NAI Realvest / Charles Wayne Commercial, 

386-804-7259 scosta@realvest.com  or

Ted Lightman, Principal, Charles Wayne Commercial 

(386-238-3600) tlightman@charleswayne.com

Will Boyd, Yellow Duck Marketing

704-271-9574, will@yellowduckmarketing.com

Patrick Mahoney, President/CEO, NAI Realvest,

407-875-9989 Pmahoney@realvest.com

 Beth Payan, Larry Vershel Communications Inc.

407-644-4142 or 461-3781 beth@LarryVershel.com 

 www.NAIRealvest.com. 

www.charleswayne.com 

Hotel Transportation Gets a Royal Kickstart in Northern Thailand’s Jungle

  

Introduction of unique new hotel transportation – two Royal Enfield Classic 500 sidecars at the world-renowned Anantara Golden Triangle Elephant Camp & Resort in Northern Thailand

Bangkok, THAILAND  – Guests at the world-renowned Anantara Golden Triangle Elephant Camp & Resort in Northern Thailand are in for an exhilarating ride around the Kingdom’s ancient jungle, and beyond, with the introduction of unique new hotel transportation – two Royal Enfield Classic 500 sidecars. 

 Anantara Golden Triangle is the only hotel in Thailand that offers guests this unique transport.

 First produced in 1901, Royal Enfield is the oldest motorcycle brand in the world still in production and its old school, post-war design built around a reliable workhorse ensures passage through most terrains. 

 This mobility is ideal for guest transportation around Anantara Golden Triangle that unfolds across 650,000 square metres of Northern Thailand’s jungle. 

 The resort is perched on a hill overlooking the Mekong and Ruak rivers and offers majestic three country views over the confluence of Thailand, Laos and Myanmar, and grazing elephants in the most stunning of natural settings below. 

 Beyond the borders of the luxury resort and Asia’s premier elephant camp, guests can explore Thailand’s fabled Golden Triangle or take a drive to the mystical mountainous area of Doi Tung, the northernmost tip of Thailand, in the Royal Enfield sidecars.

 The motorcycle tour of the Golden Triangle explores the unique character and traditions of Thailand on its border with Myanmar and includes a guided visit to the Giant Golden Buddha in nearby Chiang Sean; sacred temples built in the eighth, twelfth and fourteenth centuries; a local market; and ancient Lanna experiences. 

 Doi Tung is the highest point of the Doi Nang Non mountain range along Thailand’s border with Myanmar and is unreachable by coach. 

Here explorers can visit Wat Phra That Doi Tung that dates to the tenth century and has a stupa that is reputed to contain Buddha's collarbone, as well as the Doi Tung Royal Villa that was the final residence of Thailand’s Royal Grandmother, the mother of the late His Majesty King Bhumibol Adulyadej the Great.

 Guests at Anantara Golden Triangle Elephant Camp & Resort can reserve the Royal Enfield sidecars with a driver for excursions outside the resort, starting from 3,000 Thai Baht per hour. 

The late His Majesty King Bhumibol Adulyadej the Great.

 For more information, please visit goldentriangle.anantara.com or contact the resort on +66 5378 4084 or goldentriangle@anantara.com.

 For more information on Anantara Hotels, Resorts & Spas, please visit www.anantara.com.

Follow us on Facebook: www.facebook.com/anantara; Twitter and Instagram: @anantara_hotels

 Anantara is part of the DISCOVERY loyalty program.

 CONTACT:

Hwee Peng Yeo 

hweepeng@glodownead.com

  

杨慧萍

执行副总裁

博德纳公关咨询公司

Centennial Tower 21层，Temasek Avenue 3号， 新加坡邮区039190

上海湖滨路222号企业天地一号15层，中国邮编20021

E: hweepeng@glodownead.com

www.GlodowNead.com

JLL arranges $50 million financing for Pierside Apartments in Oceanside, CA

Olga Walsh

SAN DIEGO, CA, Dec. 12, 2019 – JLL announced it has arranged $50 million in financing for Pierside, a two-building, mixed-use property with 176 residential units and approximately 17,000 square feet of retail space in the coastal Southern California community of Oceanside.

JLL worked on behalf of the borrower to arrange the 10-year, fixed-rate loan with a life insurance company. Loan proceeds will be used to retire the existing construction loan, cover associated transaction costs, fund leasing costs for vacant retail space and return a portion of sponsor equity.

Pierside was constructed in two phases, Pierside North and Pierside South, that were completed in 2016 and 2018. Located in the heart of Oceanside along Mission Avenue, the property is steps from the Pacific Ocean and also less than one mile from Interstate 5. 

Pierside North consists of 66 residential units and common area amenities, including a spa pool; outdoor grilling and dining areas; outdoor lounge with fire pit and games; resident clubhouse with TV’s and shuffleboard; fitness studio; outdoor fitness space with yoga area; and dog park. 

Pierside North consists of 66 residential units and common area amenities, Oceanside, CA

Pierside South comprises 110 residential units and amenities, including a rooftop lounge with panoramic views; swimming pool overlooking the ocean; landscaped grilling and picnic areas; resident clubhouse with TV’s and pool table; vista lounge; movie lounge; fitness studio; yoga space; and surfboard storage. In addition, the properties have 421 parking spaces total, 264 of which are reserved for residents.

Pierside South comprises 110 residential units and amenities, including a rooftop lounge with panoramic views

The JLL Capital Markets team representing the borrower included Director Olga Walsh and Analyst Daniel Pinkus.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday GP Corp. prior to being acquired by JLL on July 1, 2019. California Department of Real Estate License #01385740.

 .

Contacts: 

Olga Walsh, JLL Director 

CA License: #02052171

Phone: +1 858 812 2371

Email: Olga.Walsh@am.jll.com

 Olivia Hennessey, JLL Public Relations Specialist

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

jll.com

Levin Johnston Transacts $40.5 Million Multifamily Acquisition in Mountain View, CA

Built in 1970, 2310 Rock Street is a 59-unit multifamily townhome community with a Walk Score of 82 located one mile from Foothill College, 5.2 miles from Stanford University.

MOUNTAIN VIEW, CA – Levin Johnston of Marcus and Millichap, correctly advised its client, a private buyer, to offer $40,500,000 to be selected  as the successful bidder in the acquisition of a multifamily townhome property located in one of the country’s most competitive acquisition markets, Mountain View, California,  according to Adam Levin, Executive Managing Director of Levin Johnston.

Levin Johnston is one of the top multifamily brokerage teams in the U.S. The team specializes in wealth management through commercial real estate investments.

“Although the acquisition price represented a record-high sales price for a multifamily property in the Mountain View market, we and the buyer understand the long-term value of the land and the ready demand for housing in the community and were willing to come up to the number that would win our client the deal,” explains Levin.

Adam Levin

With this unprecedented transaction, Levin Johnston continues to lead the market in commercial sales in the Bay Area,” Levin adds. “We were able to compete for 2310 Rock Street by understanding the required pricing necessary to close an acquisition of this type in the hyper-desirable Mountain View market.”

“Our firm is consistently able to bring the right capital to each opportunity to ensure successful closings of win-win transactions,” says Robert Johnston, Senior Managing Director of Levin Johnston.

 “We continue to lead the market in getting deals closed and exceeding our clients’ expectations on both sides of a transaction.”

Built in 1970, 2310 Rock Street is a 59-unit multifamily townhome community with a Walk Score of 82, situated 2.2 miles away from public transit and less than 3 miles from two commuter rail stations. 

The community is located one mile from Foothill College, 5.2 miles from Stanford University, within walking distance of highly rated public schools, as well as within a mile of three shopping centers and within 5 miles of several parks and nature preserves. 

Robert Johnston

San Jose International, San Francisco International, and Oakland International airports are less than an hour’s drive away from the property.

Located in the heart of Silicon Valley, Mountain View houses nearly 80,000 residents, as well as high-tech firms including the headquarters campus for Google. During the past 12 months, nearly 100,000 additional jobs were created in the region amid extremely low unemployment, helping to fuel demand for the 6,400 multifamily units completed over the past four quarters. 

During this time, strong absorption held vacancy in the high-3% band, positioning the region to easily absorb the 3,600 doors slated for fourth quarter delivery.

Levin Johnston has completed over $540 million in sales spanning more than 60 transactions in 2019 to date, demonstrating continued health in the commercial real estate market in this region.

For more information about Levin Johnston’s $100 million in available properties, please visit www.levinjohnston.com.

  

Contacts:

Alex Caswell

 Jenn Quader 

Brower Group

(949) 438-6262

acaswell@brower-group.com

After a Record Year, Pollack Shores and Matrix Residential Rebrand as RangeWater

 Steven Shores

ATLANTA, GA – As Pollack Shores Real Estate Group and Matrix Residential close out their biggest year yet, the two divisions of the company are rebranding under one name, RangeWater Real Estate.

“A year ago, we embarked on a plan to unite Pollack Shores and Matrix Residential under one name,” said Steven Shores, CEO and President of RangeWater.

 “We have always been one company under common ownership, but as we have grown to cover markets across the Sun Belt, we recognized the advantages of operating under one brand with a renewed purpose.

"As RangeWater, we will continue to deliver the full breadth and depth of our expertise and services in every market in which we operate.”

2019 marked the company’s most active year since its inception in 2006. It achieved significant deal volume with four acquisitions and 13 developments.

CONTACT:

Liana Moran

The Wilbert Group

Lmoran@thewilbertgroup.com

770-905-9915

LiveRangeWater.com.

Shorenstein Unveils String of New Leases, Renewals at Bank of America Plaza in Atlanta, GA

  

Bank of America Plaza, North Avenue Smart Corridor, Midtown, Atlanta, GA

ATLANTA, GA (Dec. 11, 2019) – Shorenstein Properties announced today several new tenant signings and lease expansions at Bank of America Plaza, a newly energized Class A office tower in Midtown Atlanta situated in the heart of the North Avenue Smart Corridor.

Nicole Goldsmith

The signings represent more than 80,000 of new occupancy at the building, and mark the latest chapter in a leasing boom that has attracted tech firms and other start-ups to the Southeast’s tallest skyscraper.

Jeff Keppen

 Convoy, a U.S.-based trucking software company that was recognized as GeekWire’s 2017 “Startup of the Year”, signed a multi-floor lease totaling over 49,000 square feet that will allow the fast-growing company to expand operations in its Atlanta hub.

Convoy is committing to a long-term lease at Bank of America Plaza after first moving to the building in 2018.

 Jeff Keppen and Nicole Goldsmith of CBRE represented Shorenstein in the transaction. Tim McCarthy and Jeff Heller from JLL represented Convoy.

 All of the latest signings represent hundreds of additional jobs at the building. Other new tenants and lease expansions at Bank of America Plaza include:

• D.S. Smith – 13K RSF new lease
• Itineris – 8K RSF expanded lease
• Tin Roof Software – 8K RSF expanded lease
• Groundfloor – 4K RSF expanded lease
• Florence Healthcare – 4K RSF expanded lease

Tim McCarthy

“Bank of America Plaza continues to emerge as a top choice for companies that are seeking a community-driven workplace experience which will bolster employee productivity and generate meaningful business results,” said Christopher Caltabiano, Senior Vice President of Asset Management at Shorenstein Properties.

“This latest round of leasing activity reflects renewed interest in South Midtown as Atlanta’s next “must visit” destination thanks to a bevy of new mixed-use projects taking shape around the building that resonate with today’s workforce.

"We’re pleased to welcome this dynamic group of tenants to Bank of America Plaza, and look forward to supporting their growth in the years ahead.”

Christopher Caltabiano

More than 150,000 square feet of leasing agreements have been signed at Bank of America Plaza over the last 12 months due to increased demand for next-generation workspace.

Much of that activity being fueled by the dynamic tech ecosystem created by a spec suite program that Shorenstein incorporated throughout the tower to keep up with burgeoning market demand.

Shorenstein also recently completed a $10 million renovation to the building’s West Wing that delivered modern amenities, workspace and Marketplace 600, a 17,000-square-foot food hall. 

Other amenities include the 17,000-square-foot RPM Health Club & Spa, expansive conference facilities, and a Starbucks in the main lobby.

Jeff Heller 

 The crown jewel of Atlanta’s skyline, Bank of America Plaza is home to both fast-growing tech firms such as Featurespace, Flexport, Revel Systems, and Riskalyze, as well as established legal and professional services firms like Troutman Sanders and Bank of America.

 CONTACT:

Nick Banaszak

The Wilbert Group

nbanaszak@thewilbertgroup.com

shorenstein.com