Friday, December 24, 2010

Grubb & Ellis|Commercial Florida Negotiates Office Leases Totaling more than 18,000 SF at Four Tampa Office Buildings

 TAMPA, FL. -- Grubb & Ellis|Commercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently negotiated four lease agreements representing four tenants for office space totaling 18,097 square feet in four Tampa office buildings.

Richard Andretta, SIOR (top right photo) and Rob Turner (middle left photo) in the firm’s Office Services Group, represented LM Funding, LLC of Tampa a new tenant in Suite 400 with 6,592 square feet at the Seminole Furniture Building, 320 W. Kennedy Blvd.   The landlord is Best Evidence of Tampa.

Andretta and Turner negotiated another new lease for 5,160 square feet at LakeView at Hidden River, 8875 Hidden River Parkway representing the tenant Mutual of Omaha.   The landlord is St. Petersburg-based Osprey Lakeview, LLC. 

A renewal lease at Island Center, 2701 N. Rocky Point Drive was negotiated by Andretta and Turner for the law firm of Feldman, Fox & Morgado, P.A., the tenant who occupies Suite 1000 with 3,597 square feet in the building.  The landlord is PRISA Rocky Point FL, LLC. 

At Bayshore Center, 2909 W. Bay to Bay Blvd., Andretta and Turner negotiated another renewal agreement representing the tenant, Argon ST of Vienna, Va. for 2,746 square feet.  Diana Sparks of DMS Realty participated in the transaction representing the landlord, Bayshore Center LLC.

Rob Turner or Richard Andretta, 813-639-1111
Patrick Kelly, Managing Director 813-830-7539
Larry Vershel Communications 407-644-4142

Dr. Ingrid Dunn to open medical office in Keith Ewing Medical Center at Avalon Park in East Orlando, FL

ORLANDO, FL. --- Dr. Ingrid Dunn (top right photo) will open an OB/GYN medical office on Jan. 17 in the Keith A. Ewing Medical Office Build in downtown Avalon Park off Alafaya Trail in East Orlando.

 There will be a grand opening event on January 18th, with a community open house 10 a.m. – 2 p.m. and a Ribbon Cutting Ceremony at 5:30 – 8:00 p.m.

 Stephanie Hodson, marketing director for Avalon Park Group, said Dr. Ingrid Dunn, an OB/Gyn physician, recently leased a 1,700 square foot suite at the Keith A. Ewing Medical Office Building.  

 Hodson said Dr. Dunn has clinical privileges at Florida Hospital and Winter Park Memorial Hospital. 

 Dr. Dunn is a member of the American Medical Association and American College of Obstetricians and Gynecologists.  

 “I appreciate and am very excited to have the honor of serving the Avalon Park community (downtown bottom left photo) and surrounding areas,” Dr. Dunn said.

 For more information, contact:
Stephanie Hodson, Marketing Director, Avalon Park, 407-658-6565
Beat Kahli, Founder/Owner Avalon Associates 407-658-6565 
Larry Vershel or Beth Payan, LV Communications, 407-644-4142

$4.15 Million Loan Arranged by Marcus & Millichap Capital Corp.

 COSTA MESA, CA – Marcus & Millichap Capital Corporation (MMCC) has arranged a $4,150,000 refinancing loan for a multifamily property in Costa Mesa.

Michael Derk (top right photo), a senior director/vice president capital markets in the firm’s Long Beach office, arranged the loan on the property.

“This was an off-market transaction so we had to work very quickly, especially with a client who was in an exchange,” says Derk.

 “We had to close the purchase money loan in two weeks using a private financing source. Immediately thereafter, we refinanced the property for the borrower, procured maximum cash-out proceeds and secured a below-market interest rate of 3.80 percent,” continues Derk.

“The borrower was extremely pleased with both closings we did for him and will look to us for future transactions.”

The loan is for 30 years, amortized over 30 years with an adjustable interest rate. The LTV is 60 percent.

Press Contact: Stacey Corso, Marcus & Millichap Capital Corporation
(925) 953-1716