Wednesday, January 26, 2011

Stirling Sotheby’s International Realty Named Exclusive Sales, Marketing Agents for $525,000 Condominium in Southwest Orlando

 ORLANDO, FL. --- Stirling Sotheby’s International Realty was recently named exclusive sales and marketing agents for a $525,000 luxury condominium on the 10th floor at Bay View Reserve (top left photo), overlooking Spring Lake in southwest Orlando off Dr. Phillips Blvd. at Sand Lake Rd.

Roger Soderstrom, founder and owner at Stirling Sotheby’s International Realty, said the residence was recently professionally renovated with hardwood floors, custom European-style cabinets and granite countertops.

“The luxury condominium at Bay View Reserve features spacious rooms and large windows with dramatic views of Spring Lake, the downtown Orlando skyline and the fireworks at Disney World,” Soderstrom said.

The 2,650 square foot condominium offers two bedrooms, three full baths a study and a gourmet kitchen. 

Bay View Reserve condominium offers VIP owner services with 24 hour security, Soderstrom said, along with a community swimming pool, tennis courts and exercise room.

The property was listed by Carolyn Burgiel (middle right photo) and Daniel Natoli (lower left photo) of Stirling Sotheby’s International Realty’s LR Team.

For more information, contact

Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890 
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 

HFF closes sale of Ten West Corporate Center II in Houston’s Energy Corridor

 HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Ten West Corporate Center II (top left photo), a 250,260-square-foot, Class A office building in Houston’s Energy Corridor.

HFF senior managing directors Rusty Tamlyn (middle right photo) and Dan Miller (middle left photo) and associate director Trent Agnew led the investment sales team on behalf of the seller, Founders Properties, LLC.

ING Clarion Partners purchased the property on behalf of a commingled fund advised by the firm for an undisclosed amount free and clear of debt.

Ten West Corporate Center II is located at 17404 Katy Freeway (Interstate 10) on a 6.2-acre site within the Park Ten Office Park in west Houston. 

Completed in 2006, the property is fully leased to Mustang Engineering, a wholly owned subsidiary of the John Wood Group, LC.  Mustang and its affiliates now occupy more than one million square feet of office space in Park Ten Office Park.

Headquartered in Minneapolis, Founders Properties LLC is a privately-held company that provides a full range of acquisition, financing, asset management and investment services for high-net-worth investors.

Founded in 1982, ING Clarion Partners manages $21.5 billion in private real estate equity investments on behalf of both institutions and individuals.  Through both commingled fund and separate account formats, the Firm provides a wide range of investment options across the risk/return spectrum.

 More information is available at

Rusty Tamlyn, CCIM, SIOR, HFF Senior Managing Director, (713) 852-3500,
Kristen Murphy, HFF Associate Director, Marketing (713) 852-3500

Berger Commercial Realty Corp. Announces New Industrial Leases

 FORT LAUDERDALE, FL.– Keith Graves (top right photo)  and St. George Guardabassi (lower left photo) of Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale, Fla., and serving clients around the state, announced two new lease transactions.

 Graves and Guardabassi represented landlord Schaefer Industries in the lease of 17,040 square feet of industrial space in the Schaefer Industrial building, located at 3350 S.W. 13th Ave in Fort Lauderdale, to tenant Altaquip, LLC.

Graves and Guardabassi represented landlord Ideal Industries Properties, Ltd., in the lease of 3,000 square feet of industrial space  in the Ideal Industrial building, located at 1421 S.W. 10th Ave. in Pompano Beach, Fla., to tenant Royal Roofing Co., Inc.

Contact: Marielle Sologuren, Phone: (954) 776-1999, ext. 226, Fax: (954) 776-0290

Marcus & Millichap Sells 16,700 SF Single-Tenant, Net-Leased Building in Ames, IA

 AMES, IA, Jan. 26, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of FedEx Shipping Center, a 16,700 Square-Foot Single-Tenant Net-Leased property located in Ames, IA, according to J.D. Parker (top right photo), Vice President and Regional Manager of the firm’s Manhattan office.

 The FedEx Shipping Center is located at 238 Alexander Avenue and the asset commanded a sales price of $950,555.

Thomas DeWaay  (middle left photo), CCIM, investment specialist in Marcus & Millichap’s Des Moines Office and Glen Kunofsky (lower right photo), investment specialist in the Manhattan office, had the exclusive listing to market the property on behalf of the seller, a private investor.

 “The property is the type of investment that is currently in high demand- it has a strong credit tenant, is priced right around $1 million, and as a result was incredibly attractive to potential investors,” stated Kunofsky, Senior Vice President of Investments. 

Press Contact: J.D. Parker, Vice President and Regional Manager, Manhattan, (212) 430-5100

ING Clarion Partners Acquires Office Property in Falls Church, VA for $90 Million

NEW YORK, NY, Jan. 26, 2011 – ING Clarion Partners LLC, a leading real estate investment advisory firm, has acquired 3150 Fairview Park, a Class A, eight-story office building in Falls Church, Virginia for $90 million, it was announced today.

 The acquisition was made on behalf of a commingled fund managed by the firm.

The 252,000 square foot property is located in Fairview Park, Northern Virginia’s only trophy quality office park, at the intersection of I-495 and Route 50, just south of Tyson’s Corner.

(Fairview Park Drive, middle left photo)

It was completed in 2001 as a build-to-suit for Noblis Systems, a scientific and research systems engineering organization. Noblis is currently the building’s sole tenant with a lease that runs through January 2017.

The building features a conference center, childcare facility, and on-site parking in a three-level structured parking garage, among other amenities. The Park itself includes hotels and restaurants.

“The resilience of the local economy in the Northern Virginia – Washington, D.C. submarket has been demonstrated again through the most recent economic downturn,” said Marc DeLuca (top right photo), Director at ING Clarion.

“This resilience provides strong support for the area’s office market and is particularly important to outstanding properties like Fairview Park.”

Fairfax County is one of the nation’s wealthiest and fastest growing counties, fueled in part by the presence of multiple technology industries that provide diversification to a local economy in which the federal government plays a significant role.

These companies are in turn supported by access to the region’s large, highly skilled workforce and by the presence of research and other technology support firms, including venture capital.

Tenants within Fairview Park have excellent access to local transportation links, including Route 29, I-66, and the Dulles Toll Road in addition to I-495.

The property is within two miles of the Dunn-Loring Metro Station, 12 miles of Reagan National Airport (lower left photo), and 19 miles of Dulles International Airport (lower right photo).

Founded in 1982, ING Clarion Partners and its affiliates manage $39 billion in assets in the private and public equity sectors of the real estate markets.

 ING Clarion is the Americas arm of ING Real Estate Investment Management, one of the world's leading real estate investment managers with global assets under management of more than $89 billion and operations in 20 countries.

 ING Real Estate Investment Management is part of ING Group, a global financial institution offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries.

More information about the firm is available at

Press Contacts:
Mike MacMillan/Chris Sullivan, MacMillan Communications (212) 473-4442,
Meghana Kulkarni, MacMillan Communications, (212) 473 – 4442