Sunday, December 5, 2010

Stirling Sotheby’s International Realty posts sale of $1.325 Million Belle Isle, FL luxury home

ORLANDO, FL --- Stirling Sotheby’s International Realty recently negotiated the sale of a $1.325 million lake front luxury home on the Lake Conway chain of lakes in Belle Isle.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said associate Dan Natoli (top right photo) of Stirling Sotheby’s Luxury Rooftops team negotiated the sale of the 5,908 square foot four-bedroom contemporary home and its 1.98 acre home site.

Soderstrom said the site is listed one of Orlando’s historical sites as the original Harney Homestead.

For more information, visit
For more information about this press release, contact:
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890  
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 

NAI Realvest negotiates industrial leases totaling 8,560 square feet at Monroe CommerCenter South in Sanford, FL

MAITLAND, FL--- NAI Realvest recently negotiated two lease agreements for industrial space totaling 8,560 square feet at 4265 and
4295 Church St.
at Monroe CommerCenter South in Sanford.      

Michael Heidrich (top right photo), a principal in the firm, brokered both transactions representing the landlord, Maitland-based COP-Monroe LLC.  

Heidrich negotiated a new lease agreement with Big Services, Inc. of Crawford Ga. for 4,240 square feet in
suite 1029
4265 Church Street

In addition Advantage Medical Systems, Inc. renewed its lease of 4,320 square feet in
suite 1029
4295 Church Street

For more information,  contact:
Michael Heidrich, Principal, NAI Realvest 407-875-9989

Patrick Mahoney, President, NAI Realvest 407-875-9989

Beth Payan, Larry Vershel Communications, 407-644-4142

NAI Realvest Negotiates Lease Agreement for Collection Agency’s Office in Maitland Center, FL

ORLANDO, FL – NAI Realvest negotiated a new lease agreement for 1,035 square feet of office space in
Suite 100
291 Southhall Lane
in Maitland Center.(top left photo)

Tom Kelley CCIM, principal at NAI Realvest, negotiated the transaction representing the landlord JLR Properties, Inc. of Maitland. The tenant, DiMark Inc., a local collection agency, was represented by Robert Craig Graham.

For more information, please contact:  
Tom Kelley, CCIM, Principal, NAI Realvest, 407-875-9989,

Patrick Mahoney, President, NAI Realvest, 407-875-9989;
Beth Payan, Larry Vershel Communications, 407-644-4142

New Owners name Lavista Associates to leasing team at Suwanee Gateway One office building in Northeast Atlanta

ATLANTA - Lavista Associates, Inc., one the largest and most active full-service commercial and industrial real estate firms in the Atlanta region, was appointed leasing representative for the Class A, 142,427 square foot Suwanee Gateway One office building located on
Lawrenceville-Suwanee Rd.
at I-85 in Suwanee.

Tom Davenport (middle right photo), president of Lavista Associates, Inc. said office leasing associates Kirven Brantley and Austin Chase were appointed to the Suwanee Gateway One leasing team along with Chris Scott of Greenstone Properties.

SDM Partners, a real estate investment company based in Atlanta, recently acquired the five-story Suwanee Gateway One building from Fifth Third Bank for $7.7 million.

Suwanee Gateway One ranks as the Northeast Atlanta submarket’s largest contiguous block of available office space built to LEED Silver standards with interstate exposure. The building is located adjacent to Interstate 85 and formerly the site of the Atlanta Falcons' training facilities.

Opus South delivered the building in January 2009 at the height of recession.

“This transaction represents one of only a handful of significant office acquisitions in the Atlanta market in the past two years,” Davenport said. 

SDM Principal Steve Martin said Gwinnett County attracts at least one big office user a year and Suwanee Gateway One is well positioned to benefit from anticipated demand growth.

“As we move forward, tenant rep brokers will want to deal with new owners that are well capitalized,” Martin said. “I sense that the market is starting to change, and I'm hopeful our timing is good."

For more information,  contact:  
Tom Davenport, President, Lavista Associates, Inc. 770-448-6400;
Kimberly Steele, Director of Marketing & Administration, Lavista Associates, Inc., 770-729-2824,
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142,  

Stirling Sotheby’s International Realty Commercial Group Negotiates Sale of Downtown Orlando Office Condo in the Plaza for $325,710

ORLANDO, FL - Stirling Sotheby’s International Realty’s Commercial Group recently negotiated the sale of an office condominium on the 10th floor of The Plaza building (top left photo) on Orange Avenue and Church Street in downtown Orlando.

Stirling Commercial Group Associates John Kurtz, James Mincy and Erik Vasquez negotiated the transaction representing the buyer, Global REO, Acquisitions LLC of Orlando and the seller, Plaza North Tower Commercial Condo Assn., Inc.

Global REO paid $325,710 for Suite 1070N with 4,653 square feet. 

Stirling Sotheby’s Commercial Group is the marketing representative for the Plaza.

For more information, contact:  

James A. Mincy, John Kurtz and Erik Vasquez, Sales Associates, Stirling Sotheby’s International Commercial Group, 407-581-5550,,;

Roger Soderstrom, Owner/Founder Stirling Sotheby’s International Commercial Group, 407-581-7890,;

Larry Vershel or Beth Payan, Larry Vershel Communications, Inc. 407-644-4142,

Mercantile Capital Corp. reports 2010 shaping up as best year in the company’s history

ALTAMONTE SPRINGS, FL --- Mercantile Capital Corporation, a wholly owned subsidiary of Old Florida National Bank, which specializes in U.S. Small Business Administration 504 loans that assist small business owners acquiring or developing their own facilities, is having the best year in the company’s eight year history.

Geof Longstaff (top right photo), chairman of Mercantile Capital Corp., said the firm will close commercial loans funding projects valued at more than $140 million this year.

Longstaff said Mercantile Capital recently closed its largest loan ever to fund the $8.7 million acquisition of a commercial building on Broadway in New York City.

Longstaff said a second major loan is scheduled to close in January and will fund the acquisition of a Houston Diagnostic Center valued at $7.5 million.

Since January 1 of this year, Mercantile Capital has closed 46 loans to fund projects valued at more than $132.6 million. That represents an 83.4 percent increase over the same 11-month period in 2009.

In November, Mercantile Capital closed six loans on projects valued at $18.5 million.

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For more information, contact:
Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040

Larry Vershel, Larry Vershel Communications, 407-644-4142

Hendricks & Partners Negotiates Sale of 250 Acre Martingale Estate Site in Stuart, FL for $2.4 Million

ORLANDO, Fla. --- Hendricks & Partners, the nation’s largest multifamily advisory and research firm, recently negotiated the sale of the 250 acre Martingale Estate site off I-95 and S.R. 714 in Stuart for $2.4 million.

Cole Whitaker (top right photo), who heads the southeast region for Hendricks & Partners in Orlando, said the site was co-listed with Celebration-based Jim Dowd Properties, Inc., who assisted in the negotiations for the seller, Capstone Resdev, LLC, of Delaware

H.M. Properties, an international investor, acquired the property. Southeast, Inc. participated in the transaction representing the buyer.

For more information,  contact:  
Cole Whitaker, Southeast Partner, Hendricks & Partners 407-218-8880;
Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

DiMucci Properties expanding new corporate facilities on Dunlawton Ave. in Port Orange, FL

DAYTONA BEACH SHORES, FL. --- DiMucci Properties, is expanding its corporate headquarters facility at
51 Dunlawton Ave.
in Port Orange.

Anthony DiMucci, who heads the DiMucci Companies, said expansion and renovation for the facility on the half-acre site is in the design stages now and he expects to open the new offices in the spring.

DiMucci Realty Company is currently headquarterd in a temporary office structure on the site, DiMucci said.

When completed, the new DiMucci Properties headquarters facility will offer 4,000 square feet of office and administrative space.

The DiMucci Companies is developer of the DiMucci Twin Towers (top left photo)  luxury oceanfront condominiums on
South Atlantic Ave.
in Daytona Beach Shores and Bouchelle Island (middle right photo), a gated condominium community in New Smyrna Beach.

For more information, contact:
Corinne LeClaire, Administrator DiMucci Companies 386-322-2000
Larry Vershel Communications, Larry Vershel or Beth Payan 407-644-4142