Friday, September 17, 2010

NAI Realvest Negotiates $215,000 Sale of One+ Acre Industrial Site in Orlando

ORLANDO, Fla. – NAI Realvest recently negotiated the sale of a 1.08 acre industrial site located at 1265 Spruce Avenue  off Orange Avenue (CR 527) and the Beachline Expressway (SR 528) in Orlando.

George Viele, (top right photo)  associate at the firm, negotiated the transaction representing the seller, CVM 1 REO, LLC of Fairport, NY. Orlando investor Imran Shahid purchased the property for $215,000.

For more information, contact:
George Viele, Associate, NAI Realvest 407-875-9989 
Patrick Mahoney, President NAI Realvest, 407-875-9989
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 

NAI Realvest Negotiates Two New Industrial Lease Agreements totaling 8,000 square feet+ in Winter Springs and Orlando

MAITLAND – NAI Realvest recently negotiated two new lease agreements for industrial space totaling 8,040 square feet in Winter Springs and Orlando.

Michael Heidrich (top right photo), principal at NAI Realvest, negotiated a lease for 6,000 square feet of industrial space at Oak Lane Business Center in Winter Springs representing the landlord Donald R. Collins and the Timothy H. David Trust and Holly C. David Trust.    

 Tenant Blue Moon Services LLC d/b/a Control Freak Suspensions, a local custom hotrod and suspension shop, leased
suite 1031
1101 Oak Lane
at the center and was represented by David Murphy of CB Richard Ellis.

Associate Sean DuPree CCIM represented Integrated Excellence, LLC of Norcross Ga. who leased 2,040 square feet at
9500 Satellite Blvd.
in southwest Orlando’s Cypress Park. The landlord,
9500 Satellite Blvd
LLC was represented by Wilson McDowell and Matt Sullivan of Colliers Arnold.

For more information, contact:  
Michael Heidrich, Principal NAI Realvest, 407-875-9989;  
Sean DuPree, CCIM Associate, NAI Realvest 407-875-9989,;  
Patrick Mahoney, President, NAI Realvest 407-875-9989;  
Beth Payan, Larry Vershel Communications, 407-644-4142,  

Thru-Way Fleet Care Leases 5,400 Square Feet+ at the Airport Commerce Center at Orlando Sanford International Airport

SANFORD - Thru-Way Fleet Care, Inc. has leased 5,460 square feet of industrial space at the Airport Commerce Center (top left photo) at Orlando Sanford International Airport.

Diane Crews, vice president of administration at Orlando Sanford International Airport, said Thru-Way Fleet Care will operate an equipment maintenance and repair facility at the Airport Commerce Center.

For more information,  contact:  

Diane Crews, VP of Administration, Sanford Airport Authority, 407-585-4021;  
Larry Dale, President, Sanford Airport Authority; 407-585-4002;  
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142  

HFF closes $3.6 million sale of The Atrium in Naperville, IL

CHICAGO, IL – The Chicago office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of The Atrium (top left photo), an office building in Naperville, Illinois.

HFF managing directors Jaime Fink and Jeffrey Bramson )and director Kenneth Glomb led the investment sales team on behalf of the seller, a subsidiary of Prime Group Realty Trust.  Farbman Acquisitions, LLC purchased the property for $3.6 million free and clear of debt.
The Atrium is located at 280 Shuman Blvd., close to Interstate 88 in Naperville.  The two-story property has 69,077 square feet of space.

Jaime M. Fink,  HFF Managing Director,  (312) 528-3650,

Jeffrey M. Bramson, HFF Managing Director,  (312) 528-3650,

Kenneth J. Glomb, HFF Director, (312) 529-3650,


HFF arranges $8.5 million refinancing for Riverview Business Park in Malden, MA

BOSTON, MA The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged an $8.5 million refinancing for Riverview Business Park, (top left photo)  a 90,000-square-foot office building in Malden, Massachusetts.
Working exclusively on behalf of Combined Properties, HFF directors Janet Krolman (middle right photo)  and Greg LaBine (middle left photo)  placed the seven year, fixed-rate loan with Aetna Life Insurance Company.  The loan is refinancing a maturing loan with another life insurance company.

Riverview Business Park is situated on a 6.2-acre site at
300 Commercial Street
in downtown Malden, approximately five miles north of Boston.  The property is fully leased to three tenants: Comcast Communications, Mystic Valley Elder Services and Combined Properties.

Combined Properties is a full-service real estate investment and development firm specializing in high-quality office, R&D, industrial and retail properties in the northern suburbs of Boston.

Contacts:                           JANET N. KROLMAN                               KRISTEN M. MURPHY
                                            HFF Director                                                 HFF Associate Director, Marketing
                                            (617) 338-0990                                               (713) 852-3500

HFF closes $19.34 million sale of Pablo Plaza in Jacksonville Beach, FL

MIAMI, FL – The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Pablo Plaza (top left photo), a 151,660-square-foot retail community center in Jacksonville Beach, Florida.
HFF managing director Brad Peterson  (middle right photo) marketed the property on behalf of the seller, Phillips Edison & Company.  Equity One, Inc. purchased Pablo Plaza for $19.34 million and assumed an existing CMBS loan.
Pablo Plaza is situated on a 12.2-acre site at
1822 3rd Street South
(A1A) in the beaches area of Jacksonville, which is home to the Ponte Vedra Inn & Club and TPC Sawgrass.  Renovated in 2008, the property is 93% leased to tenants including HomeGoods, Marshalls, Office Depot and Panera Bread.
Pablo Plaza attracted a significant level of interest from the investment community because of the high-quality anchor tenants and the outstanding demographics and barriers to entry surrounding the property.  Assets of this caliber rarely come to market,” said Peterson.
Phillips Edison & Company owns and manages more than 26 million square feet of neighborhood shopping centers across the country. Phillips Edison & Company specializes in the acquisition, redevelopment, leasing, and management of anchored neighborhood and community shopping centers.
The company owns and manages 240 properties, totaling over 26 million square feet in 35 states. The privately owned, fully integrated real estate company has corporate offices in Cincinnati and Salt Lake City, as well as regional offices across the country.
Equity One is a fully integrated real estate investment trust specializing in the acquisition, asset management, development and redevelopment of quality retail properties located in strategic metropolitan areas across the United States.
These centers are anchored by leading supermarkets, pharmacies and retail store chains.  As of June 30, 2010, Equity One owned or had interests in 185 properties, consisting of 171 shopping centers comprising approximately 19.2 million square feet, three projects in development/redevelopment, six non-retail properties, and five parcels of land. Additionally, Equity One had joint venture interests in twelve shopping centers and one office building totaling approximately 1.9 million square feet.


 Brad Peterson, Hff Managing Director, (305) 448-1333,

Kristin Murphy, HFF Associate Director, Marketing,  (713) 852-3500,


Marcus & Millichap Sells 117,155-SF Self-Storage Facility in New Orleans, LA

   NEW ORLEANS, LA, September 16, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Sure Save USA Self-Storage (top left photo), an 117,155-square foot self-storage facility located in New Orleans, LA, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $3,400,000.

Michael A. Mele, (middle right photo) Vice President Investments and Senior Director of the National Self-Storage Group in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a financial institution based out of Ohio and the buyer, a California-based REIT.  William Hoffpauir, Broker, assisted in closing this transaction.
Sure Save USA Self-Storage consists of 736 units, 640 of which are climate-controlled.  The property was built in 2005 and completed in 2006.  It is positioned with 1,529 feet of frontage on three surrounding roads and located less than a mile from Interstate 10.  Amenities include elevators, digital surveillance cameras, roll-up doors, RV parking and a manager’s office.
“Despite the bad publicity, we think New Orleans is coming back strong.  I think the buyers will do very well with this property” says Mele.

Press Contact: Bryn D. Merrey
Regional Manager, Tampa
(813) 387-4700

Susan Sampson
Marketing Coordinator/Brokerage Administrator
Marcus & Millichap
7650 Courtney Campbell Causeway
Suite 920
Tampa, FL 33607
(813) 387-4700 main
(813) 387-4710 fax

Emerson International leases 20,000 square feet of office space at CenterPointe I in Altamonte Springs, FL

ALTAMONTE SPRINGS, Fla. – Emerson International recently negotiated a five-year lease agreement with North American Risk Services for 20,000 square feet of Class A office space at CenterPointe I (top left photo)overlooking Crane’s Roost in Altamonte Springs

Eric Emerson (lower right photo), general manager and vice president of Emerson International, said Kenneth Koch, commercial portfolio manager negotiated the lease for the landlord. 

Chris Sproles of CB Richard Ellis represented the tenant, North American Risk Services, which is currently based in Maitland.

“We are pleased to have North American Risk Services join the CenterPointe I tenant roster, including Alcatel Lucent, Crump Insurance and Embry-Riddle Aeronautical University,” said Emerson.

For more information, contact
Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560;;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

About Emerson International
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. 

Orlando Sanford International Airport on Track with New Aircraft Maintenance Facilities for Avocet

SANFORD, Fla. --- Construction of the new 53,351 square foot aircraft maintenance facility for Avocet Capital, LLC is on schedule at Orlando Sanford International Airport (top left photo).

Diane Crews, vice president of administration at Orlando Sanford International Airport, said block work is done and the steel framing for the hangar is 75 percent complete.

When it opens in January, the $5 million Avocet facility will include 44,000 square feet of hangar space with 4,000 square feet of maintenance shop and 5,351 square feet of administrative office space.

The Avocet building is located on
Hellcat Lane north
of the main runway, Rwy89L-27R at Orlando Sanford International Airport.

For more information, please contact:
Diane Crews, VP of Administration, Sanford Airport Authority, 407-585-4010
Larry Dale, President, Sanford Airport Authority; 407-585-4002
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142