Hold-Thyssen Closes on $850,000 Investment Sale of Fully Leased Six Suite Office Property in St. Cloud , FL

 

Martin Forster 

ST. CLOUD, FL --- Hold Thyssen, Inc., a full-service commercial property firm based in Winter Park , recently completed the sale of a 15-year-old, six-suite office building at 4265-4275 Neptune Rd. in St.  Cloud.

A private, Orlando-based investor purchased the 3,920 square foot office property on a 0.53-acre site for $850,000.00.

 

Martin Forster CCIM, Senior Director/Broker Associate at Hold-Thyssen negotiated the transaction representing the building’s owner/seller Foley Properties, LLC.

 Foley, who recently vacated two suites at the property then re-leased them, selected Hold-Thyssen to take the property to market, Forster explained.

15-year-old, six-suite office building
at 4265-4275 Neptune Road,
St. Cloud, FL

He added, “After several weeks of marketing the building it was sold to an Orlando investor who took the opportunity to add a fully leased, easily managed investment property, in great condition, to his portfolio.”  

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

 

CONTACTS:           

Martin Forster, CCIM Senior Director/Broker Associate, Hold-Thyssen Real Estate Services, 

407-691-0505, mforster@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc.

 407-691-0505, bhold@HoldThyssen.com

Beth Payan, Larry Vershel Communications Inc. 

407-461-3781 beth@larryvershel.com

 

 

Halllmark Names CNL Financial Group's James M. Seneff Jr. for Strickland Lifetime Achievement Award

James M. Seneff Jr.

 ORLANDO, FL -- James M. Seneff Jr. founded CNL Financial Group in 1973 and has guided the company over the past 40 years as its Executive Chairman and Director. 

 Additionally, he is the Chairman of the Board and Director, CNL Strategic Capital, LLC and CNL Healthcare Properties , Inc.  

This award will be presented at the annual Hallmark Awards Luncheon on March 3, 2022, at the Marriott Lake Mary honoring the “Heavy Hitters in Commercial Real Estate” for 2021.

Paul P Partyka

 The Central Florida Commercial Real Estate Association (CFCREA) "would like these awards to serve as an inspiration to the new generation of professionals entering the real estate industry," says Paul P Partyka, CFCREA Hallmark Awards Chairman.

 "They have an opportunity to see the best of the best on stage and to hear their outstanding transactional accomplishments."

 Partyka asks association members to "check your email for announcements with an entry form.  You can also check the website at www.CFCRA.net."

 CONTACT:

Paul P Partyka

CFCRA, Hallmark Awards Chairman

407-341-0805

ppartyka@realvest.com

 www.CFCRA.net.

 

 

Author Patrick Bet-David Pays $8.6 Million for Two Commercial Buildings in Oakland Park, FL and Fort Lauderdale, FL

 

Patrick Bet-David
 

FORT LAUDERDALE, FL – Jaime Sturgis, CEO of Fort Lauderdale- based real estate firm Native Realty, represented entrepreneur and #1 Wall Street Journal bestselling author Patrick Bet-David on his purchase of commercial buildings in Oakland Park and Fort Lauderdale for a combined $8.6 million.

 Bet-David is the founder and CEO of several businesses. His media company, Valuetainment, relocated to South Florida in early 2021.  

Valuetainment is expected to base its new headquarters at the 5100 N. Dixie Hwy. building in Oakland Park. Bet-David closed on the $4.4 million acquisition on Dec. 15. 

 

Prominent interior design firm IDDI (ID & Design International) sold the 12,510-square-foot building to Bet-David. The 1.65-acre property includes a Chase drive-through location with four lanes.  

 

CONTACT:

 

Eric Kalis

Vice President,

 BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 

Advenir and Oakley Group Form Joint Venture to Accumulate Portfolio of 8,000 BFR Units Throughout the Southeast and Midwest

 

David Oakley

BIRMINGHAM, AL -- Advenir, a Miami-based vertically integrated investor, developer, and operator of multifamily assets, has joined forces with Oakley Group, a Birmingham-based investor and developer of multifamily properties, to develop, acquire, and operate a portfolio of Single-Family Rental (“SFR”) / Built-for-Rent (“BFR”) properties. 

 

Formed in October of 2020, the joint venture, Advenir Oakley Capital, has the stated purpose of accumulating a portfolio of 8,000 BFR units in markets that demonstrate outsized demand stemming from strong job creation, positive in-migration, low taxation, an expensive housing market and local desirability.

 

Michael Krombach

Significant home foreclosures due to the Great Financial Crisis of 2007/2008 resulted in the emergence of a new sector: single family homes for rent (SFR).

 

 Financial investors found significant success acquiring, renovating, and renting homes that went through foreclosure and learned that there was healthy demand for the asset class.

As a result, developers began to explore the operational efficiencies of building purpose-built communities with homes for rent (BFR) and found great success in both leasing and operations in the Southwest United States. 

 

CONTACTS:

 

David Oakley, founder and CEO of Oakley Group, OG Capital, LLC and principal of Advenir Oakley Capital, LLC 205-913-4632 or david.oakley@og.capital

 

Michael Krombach, COO / General Counsel, OG Capital, LLC, and principal of Advenir Oakley Capital, LLC; 904-233-4608; Michael.Krombach@og.capital

Aimee Morgan and Kai Pan promoted to lead JLL Valuation Advisory’s multi-housing practice

 

Aimee Morgan

 CHICAGO, IL, Jan. 4, 2022 – JLL has promoted Managing Directors Aimee Morgan and Kai Pan to co-lead JLL’s national Valuation Advisory multi-housing practice, which has seen record growth over the past two years, almost tripling in size.

 

They plan on streamlining operations, growing the business and internal and external brand development.

 

Morgan and Pan have worked closely for the past two years to drive significant growth in the practice, with Morgan building and expanding various regions and client accounts and Pan driving technology advancements and capacity across the country.

Kai Pan

With nearly 25 years of combined experience, they have completed and overseen thousands of multi-housing assignments, including conventional multifamily, Freddie Mac and Fannie Mae transactions, affordable and workforce housing, student housing, asset management and tax reporting and conduit lending and bridge loans.

 

“Aimee and Kai’s leadership is going to strengthen the multi-housing sector's overall deliverable and client service platform,” said Tony Lenamon, Americas Head of Valuation Advisory.

“We have seen record demand for our services for multi-housing valuations, which is now best served by appointing two leaders who will grow our capabilities to service clients even more.”

Tony Lenamon

 

Reporting to Lenamon, Morgan and Pan assumed their co-leadership roles on January 1, 2022, as Co-Heads of Multi-housing Property Sector, Valuation Advisory.

 

“Our goal is to be the provider of choice to our clients and the employer of choice to our appraisers,” Morgan said. “We’ll be making big changes and strides over the coming months and years to make our practice world class in every way.”

 

 For more news, videos and research resources on JLL, please visit our newsroom.

 

CONTACT:

Kimberly Steele

PR, Capital Markets,

 Agency Leasing

and Valuation Advisory 

JLL

M +1 832 244 9994

JLL.com

Leon McBroom appointed co-head of JLL’s Denver Capital Markets group

 

Leon McBroom 

DENVER, CO, Jan. 4, 2022 – JLL Capital Markets has appointed Leon McBroom Senior Managing Director and co-head of its Denver Capital Markets group.

 

McBroom will oversee the debt and equity advisory platform, while Senior Managing Director Eric Tupler will continue to oversee the office’s investment sales advisory practice.

 

McBroom joined JLL in 2019 through the HFF/JLL merger and has more than a decade of commercial real estate financing experience.

 

Over the course of his career, he has successfully closed more than $7 billion of debt and equity commercial real estate transactions across a wide variety of property types, including office, retail, hospitality, industrial and multi-housing.

 

McBroom is an active board member for the University of Colorado Real Estate Center and has chaired the University’s internship and placement committee.

Eric Tupler

 

He is a graduate of the University of Colorado, holding both a Bachelor of Arts and Master of Business Administration degree.

 

“Leon joined our team in 2012 and has been an incredible team player over the years,” Tupler said. “It’s an honor to now co-lead the Denver office alongside him.

 

"I have no doubt he will bring an elevated level of service to the debt and equity advisory practice as we continue to provide complex financing solutions for our client base.”

 

“The JLL Denver Debt and Equity advisory platform has had a No. 1 market share ever since Eric Tupler opened the office in 2012,” McBroom said.

 

“His leadership and mentorship have been foundations for our success, and I look forward to building off of that alongside my fellow teammates.”

 

For more news, videos and research resources on JLL, please visit our newsroom.

 CONTACT:

  

Kristen Murphy

Senior Manager

 Public Relations

 Investor Services

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 

jll.com

 

KBS Signs 16,995 Square-Foot Long-Term Lease Agreement with Global Manufacturer at 155,385 Square-Foot Office Property in Chicago, IL

 

213 West Institute Place, a seven-story,
 155,385 square-foot office property
River North neighborhood
 downtown Chicago, IL

CHICAGO, IL – KBS, one of the largest investors in commercial real estate, has signed a 16,995 square-foot long-term lease agreement with LifeSpice Ingredients, a global research, developer and manufacturer of proprietary seasoning blends for the food industry, at 213 West Institute Place, a seven-story, 155,385 square-foot office property in the highly desirable River North neighborhood of downtown Chicago, IL

Marc DeLuca

213 West Institute Place is owned by KBS Growth & Income Real Estate Investment Trust. 213 West Institute Place is located at 213 West Institute Place in Chicago, Illinois.

 “213 West Institute Place is a unique Chicago asset that offers tenants a great location and a unique combination of contemporary and retro setting,” says Marc DeLuca, Eastern regional president for KBS.

 “Design and location-wise, it is the kind of building where discerning tenants in this market like LifeSpice Ingredients want to be located.”

 

Directly across the river from the Loop, the River North section in which the property is situated is home to dozens of high-end art and design galleries, dining establishments, luxe shops, high-end cocktail bars and nightlife spots. 

Dan Park

The area offers a unique aesthetic of art galleries tucked away in former warehouse buildings and features the Chicago Riverwalk promenade.

 

213 West Institute Place is located within steps of Chicago’s elevated train service, several bus stations, Divvy Bike ports, two parks, restaurants, coffee shops, grocery stores, spas, fitness centers and hotels.

 

“Along with this building’s eye-catching design is its close proximity to shopping and services, dining, hospitality, entertainment and transportation,” says Dan Park, asset manager for 213 West Institute Place and senior vice president of KBS. “It’s the walkability, convenience and visual appeal that so many Chicago office users are seeking.”

Peter Garvey

“213 West Institute is in a beautiful neighborhood with plenty of dining options, public parks, and quick access to public transit. LifeSpice thrives in a space that promotes creativity and the building checks all of our boxes for amenities, design, and function that we want and need in a new office space,” says Peter Garvy, president of LifeSpice Ingredients.

 Scott Sessa (ssessa@askameritus.com) of Ameritus represented KBS in the lease transaction.

 

“The improvements KBS has implemented to 213 West Institute Place have elevated it to a best-in-class brick and timber building that has made a name for itself in downtown Chicago,” says Sessa.

 

CONTACT:

ARLEENY ESCARCEGA Associate Account Manager The Smart Agency, Inc.   O 949 438 6262 Ext. 0 | C 714 552 5845 E aescarcega@thesmartagency.com |  W thesmartagency.com HQ 220 Newport Center Drive, Suite 22, Newport Beach, CA 92660