Wednesday, July 21, 2021

PEBB Enterprises Expands Team with Addition of Joseph Allen

Joseph Allen
 

BOCA RATON, FL – PEBB Enterprises, the entrepreneurial private real estate investment firm based in South Florida, announces the addition of Joseph Allen as Acquisitions Associate.

Allen adds value to the firm’s market research, comprehensive underwriting, due diligence, and asset management activities.

Allen comes to PEBB with four years of real estate experience. He most recently served as an Associate with commercial real estate operator and developer CP Group (formerly Crocker Partners).

At CP Group, Allen handled financial analysis, due diligence, and asset management duties for projects in South Florida and Denver.

 Ian Weiner

Before that, Allen was an Associate with co-living company Common Living and a Commercial Banking Credit Analyst with Wintrust Financial. He was based in his hometown of Chicago for both of those positions.

“Joseph Allen  strengthens our teams overseeing acquisitions and asset management,” PEBB Enterprises President and CEO Ian Weiner said. “As a firm, we are grateful to be in a position to add top talent in conjunction with the continued growth of our national portfolio.”

Allen received his undergraduate degree in Economics from Lake Forest College, spending his junior year studying abroad at the London School of Economics. He earned his master’s degree in Real Estate Finance from New York University’s Schack Institute of Real Estate.

CONTACTS:

Eric Kalis

954-370-8999

ekalis@boardroompr.com

 

Daniel Benjamin

Senior Account Executive, BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

https://pebbenterprises.com/.  

Plaza Advisors Brokers Sale of Horizon Park Shopping Center in Tampa, Fl

Horizon Park shopping center, Hillsborough Avenue, Tampa, FL
 

 TAMPA, FL -- Plaza Advisors is pleased to announce the sale of Horizon Park, a 215,713 square foot shopping center, located on the heavily trafficked Hillsborough Avenue, featuring a daily traffic count exceeding 71,000 vehicles.

 The asset was constructed in 1971, renovated in 1980 and 1988 and was 86% leased at the time of sale.

Jim Michalak
Horizon Park anchor tenants include; dd’s Discount, Conn’s Home Plus, Northern Tool and Guitar Center. 

The center tenant roster includes several national credit operators including; Dollar General, Pizza Hut, Metro PCS, Amscot and Sally Beauty.

Two improved outparcels, with Wells Fargo and Applebee’s, were including in the sale.

 The shopping plaza was sold by CRP II – Horizon Park, LLC. The Buyer and sale price were undisclosed.

Jim Michalak and Keith Nurre of Plaza Advisors represented the seller and were the only brokers involved in the transaction.

 “Horizon Park has truly prospered through the test of time” noted Michalak. Plaza Advisors sold the center to CRP in 2011.

Keith Nurre

“Grocery anchored centers have historically been the most desired by the capital markets. \

"However, we have witnessed a surge of interest in traditional power and community centers, similar to Horizon Park, due to the attractive risk-adjusted returns,” Michalak said.

 Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the Southeastern United States. Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks. 

   CONTACT:

Jim Michalak

Managing Partner

Plaza Advisors

 www.plazadvisors.com

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com

 

CHMWarnick Expands Executive Leadership Team with Three Key Promotions and Partner Appointments

 Kristie Dickinson
 

 BOSTON, MA — Founding partners, Rich Warnick, Sandy Luke, Ken Wilson and Chad Crandell of CHMWarnick, the leading provider of hotel asset management and owner advisory services, today announced the promotions of executive team members Kristie Dickinson, Derek Olsen and Larry Trabulsi to managing director and partner of the firm.


“CHMWarnick would not be the organization it is today without the invaluable efforts of Kristie, Derek and Larry,” said Chad Crandell, managing director/CEO, CHMWarnick.

 “Combined, they have provided 55 years of service to our company and our clients, and we look forward to their continued success as the next generation of senior leaders at CHMWarnick.”

Kristie Dickinson (ISHC), Managing Director/EVP

 

A 29-year hospitality industry veteran, Dickinson is a founding member of the CHMWarnick team. She has advised clients on more than 200 hotels across all product tiers.


Chad Crandell

She specializes in developing asset repositioning plans, identifying value enhancement strategies, underwriting acquisitions and optimizing value through asset management.


                        Sandra (Sandy) Luke

 Her creativity, business acumen and vision have been integral to CHMWarnick’s growth over the past two decades, and her success is largely a result of the corporate culture that she has helped shape and nurture.


Ken Wilson

In her role as managing director/EVP, Dickinson will continue to focus on corporate revenue strategy, business development and strategic growth initiatives for the company and portfolio while working with the asset management team to enhance client service offerings.

 

Dickinson serves on the Board of Directors as Treasurer and co-chair of the Awards Committee for the International Society of Hospitality Consultants (ISHC).

 

 She received her degree in Hotel Administration from the University of New Hampshire and earned a certificate in Hotel Revenue Management from Cornell University.

 

Derek Olsen, Managing Director/EVP


Derek Olsen

Olsen brings 29 years of hospitality industry experience spanning investment, brokerage, consulting and hotel asset management.

 

As managing director/EVP, Olsen will maintain his efforts to advise owners, developers, investors and lenders to acquire, reposition and enhance the value of hospitality real estate.

 

He is responsible for asset managing a client portfolio of hotels valued at approximately $500M, including a wide range of operations from newly built luxury/lifestyle assets to select-service portfolios located in primary and secondary markets across the U.S. 

 

Olsen brings expertise in development planning and operational ramp-up of new hotels, having opened two properties within the last 24 months alone.

 

He also is responsible for leading a team focused on equity and debt acquisition services and oversees the implementation of special projects related to CHMWarnick’s technology platform, Proph+IT™.

 

He is a graduate of Cornell University, where he earned his Bachelor of Science in Hospitality Management, and a graduate of Massachusetts Institute of Technology, where he received his Master of Science in Real Estate. 


He is a member of the Hospitality Asset Managers Association (HAMA) and has written several industry articles for lodging operations and finance publications.

 

Larry Trabulsi (CHAM), Managing Director/EVP


Larry Trabulsi

Trabulsi has 27 years of hospitality industry experience in operations, consulting and more than half his career dedicated to creating value for hotel owners through asset management.

Trabulsi has served as an active member of HAMA for over a decade, holding numerous board and committee positions, including international chair, and currently serves as the organization’s president.

He has extensive capital planning and renovation oversight experience and has been involved in single renovation projects of over $30 million.  

As managing director/EVP, Trabulsi is responsible for overseeing a team and asset managing a client portfolio valued at $1 billion in hospitality real estate. 

 Trabulsi is a Certified Hotel Asset Manager (CHAM), an advanced certification held by only a select few within the discipline. 

He is a member of the Real Estate Finance Association (REFA) of Greater Boston and is regarded as an industry thought leader, speaking regularly at hotel investment conferences and authoring articles on ownership issues. 

Trabulsi holds a Bachelor of Science in Finance/Investments and a Master’s in Business Administration from Babson College.

  

 CONTACT:

 

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 

chris@dalygray.com | www.dalygray.com

 

Historic New Smyrna Beach, FL Building Sold


 Kaisey Rosell 

NEW SMYRNA BEACH, FL -- Paul P. Partyka, CCIM, MiCP, CIPS, Partner at NAI Realvest, represented the owners, Geneva Vollrath and Russell Clark, in the sale of 110 South Peninsula Avenue, New Smyrna Beach, Florida.  


 Paul P. Partyka
The buyers, Jami Hanson, Taryn Christy and Sara Meyer, purchased the 4,592 SF, 0.21-acre property for $544,500.  


The property, a two-story brick building with a pool and separate rear house, is a historic building constructed in 1923 that was originally a single-family home. 


 It was later converted to an office building.  The new owners plan to convert it to a bed and breakfast.  Kaisey Rosell of Collado Real Estate represented the buyers.

 

“This is a great location for a bed and breakfast – just a block from the Indian River and a half-mile from the beach” said Partyka.


 

 

NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. 


NAI Global is an international commercial real estate network with over 375 offices spanning the globe.  






 CONTACTS:

 

Paul P. Partyka, CCIM, MiCP, CIPS, Partner, NAI Realvest 

407-875-9989, ppartyka@realvest.com

 

Patrick Mahoney, President/CEO, NAI Realvest, 

407-875-9989, pmahoney@realvest.com


 Yelena Gurtovenko 

ygurtovenko@realvest.com


www.nairealvest.com.

Tuesday, July 20, 2021

Atlas Capital Advisors Hires 30-Year Veteran Serge Vishmid as Managing Principal

Serge Vishmid

  SHERMAN OAKS, CA, July 20, 2021 – Atlas Capital Advisors, an independent real estate investment and advisory firm, announced today that it has hired a 30-year commercial real estate veteran, Serge Vishmid, as Managing Principal. 

 Vishmid will lead the firm’s office investment and leasing business.  He will also continue to specialize in representing banking and financial services tenants with their real estate needs across multiple markets throughout the United States.

 “As we’ve rebounded from the COVID pandemic, we’ve seen an increase in activity from users and investors of office space,” said Bert Haboucha, Principal, Atlas Capital Advisors. 

 "We are delighted to have Serge join our firm, as he brings so much significant sales and leasing expertise. 

 

Bert Haboucha

"Serge is a multi-market transaction specialist and a leader in the commercial real estate industry.  His experience in the banking and financial services sector will add significant depth to the existing Atlas Capital Advisors’ platform.”

Vishmid brings over 30 years of global commercial real estate experience and has successfully executed numerous commercial leasing and sales projects across the continental U.S., Australia, Europe and Asia. 

  For the past eight years he served as Managing Director for Newmark Knight Frank and, during the twelve-year period prior to that, as Senior Vice President for Grubb and Ellis.  

  Over the course of his career, he has completed transactions valued in excess of $1.1 billion.

 Vishmid received a Bachelor of Science in Business Administration from the University of Southern California.  He was born and raised in Moscow, Russia (USSR), is fluent in Russian and highly proficient in Spanish. 

 Contact:

David Ebeling

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com

 

 www.atlas-capital.us.

Shorenstein Inks Lease with Flexport and Two Others at BOA Plaza, Southeast’s tallest office tower, in Midtown Atlanta, GA

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

 ATLANTA, GA – Shorenstein Properties announced a trio of new and expanded lease agreements at Bank of America Plaza, an iconic Class A office tower in Midtown Atlanta situated in the heart of the North Avenue Smart Corridor.

Totaling more than 42,000 square feet of new occupancy, the signings mark the latest signal of renewed confidence in Atlanta’s office market as companies across the region reaffirm their commitment to maintaining their physical footprints while proceeding with workplace reentry plans.

 Jack H. Corey
Flexport, a multi-billion dollar global logistics-technology company, added an additional 25,000 square feet to its multi-floor lease (73,987 total SF) originally signed in 2018.

The company plans to expand its Atlanta presence over the coming years.

 

Flexport will occupy one of the new high-tech spec suites at BOA Plaza, with the loft-style offices and spacious floorplans attracting a variety of users that have signed full-floor leases since the program launched.

Nicole Goldsmith

“We are thrilled to expand our relationship with Flexport as they embark on the next chapter of their growth campaign in Atlanta,” said Jack Corey, Vice President at Shorenstein Properties.


Bill Hansen

 “This agreement reflects continued healthy demand we are seeing for best-in-class office properties that offer a community-driven workplace experience with proximity to walkable amenities and top professional talent.

 "Bank of America Plaza’s spec suite program has been a key differentiator that is even more relevant now as companies return to the office and reevaluate how to create workspaces that align with the new expectations of today’s workforce.

"We anticipate continued growth at the building as we progress through the remainder of 2021 and beyond.”


Jeff Keppen

Flexport is scheduled to move into its new workspace in Q4 this year.

“We’re still finalizing how Flexport will work as a result of the pandemic, but one thing is certain – Flexport is committed to maintaining a strong office presence in Atlanta and couldn’t be happier about partnering with Shorenstein on our Atlanta expansion,” said Bill Hansen, Flexport’s Global Head of Real Estate.


“As we continue to grow our global workforce, maintaining strong relationships with landlords is a key piece of our strategy.”

 Flexport currently utilizes a global portfolio of offices and warehouses supporting their mission to make global trade easier.


 Allisson Bittel 

In addition to Flexport, other new tenants and lease expansions at the building include:

·      Witherite Law Group – new lease (11,367 SF)

·      Cognizant – expansion (5,786 SF)


Heather Lamb 

Jeff Keppen and Nicole Goldsmith of CBRE represented Shorenstein in all three transactions.

 R.J. Zurak (CBRE) represented Flexport.


 R.J. Zurak 
Allisson Bittel and Heather Lamb (Colliers) represented Witherite, and Kevin Caroll (CBRE) represented Cognizant, which is consolidating its other Atlanta locations at the building.

BOA Plaza is directly adjacent to the North Avenue MARTA rail station and offers immediate north and south access to Interstates 75 and 85.

 

Mercedes-Benz Stadium, World of Coca-Cola, Ponce City Market and the Georgia Institute of Technology are all within close proximity to the building.

 

Kevin Caroll

More than 63 restaurants are also located within five blocks of the tower, including Publik Draft House, Edgar’s Proof & Provision, Baraonda Ristorante & Bar and Livingston.

 

Shorenstein also recently kicked off construction for a new community greenspace at BOA Plaza that will open this fall.


 The 1.2-acre urban park will incorporate a variety of trees and other plant life, creating a new front door that connects Atlanta’s most iconic building to the surrounding neighborhood through a series of pristine outdoor spaces that tenants, building visitors and pedestrians will all be able to enjoy.

 

           

Contact:

 

Nick Banaszak, Vice President

www.thewilbertgroup.com

m: 256.457.5384