Tuesday, April 19, 2011

Southern Commercial Completes 20,700-SF New Lease in Orlando

ORLANDO, FL. (April 19, 2011) Principals Tom McFadden, SIOR and William “Bo” Bradford, CCIM, SIOR of Southern Commercial Real Estate Advisors completed a 20,700 SF new lease at 7570 Exchange Drive, Orlando, FL. 

McFadden and Bradford represented the Landlord, Dexus Industrial SPE Financed Portfolio, LLC.  The Tenant, NWP Group, LLC, was represented by Lisa Bailey with Morrison Commercial.

Media Contact:  Celeste MacKenzie, 321-281-8503, cmackenzie@southerncommercialre.com

Daly Gray Becomes Daly Gray Daly

Third Generation Daly Born, Plans Call for at Least Four More; Mother Says, “Not So Fast”

Daly Male Child Miraculously Born with Hair

HERNDON, VA, April 19, 2011—Daly Gray, the only public relations firm specializing in the business of hotels, today announced that it was changing its name to Daly Gray Daly, following the birth of the first member of a third generation of Dalys, a clan that was begun by Jerry Daly, who co-founded Daly Gray with his wife, Katheryn Gray.

  Finn Alexander Daly, the first offspring for Daly Gray President Chris Daly and bride Erika, arrived at approximately 1 a.m., April 15, sporting a full complement of fingers, toes and other appropriate accessories.

According to an unnamed company spokesperson, the child was miraculously born with hair, the first seen on the head of a male Daly in more than a decade.  “Because this borders on the supernatural, I’ve asked for a paternity test,” said Chris Daly. 

After some 15 hours of induced labor, Finn reached for his trusty lightsaber pacifier and said, “Enough of this I have had,” and proceeded to orchestrate his own C-section.  Mother Erika said, “Thank God he took matters into his own hands.  All Chris was doing was watching hockey playoffs.”

Daly Gray founders Gray and Daly indicated that they have completed a strategic plan that calls for expanding the company over time to Daly Gray, Daly, Daly, Daly, Daly & Daly, but have met with some resistance from the mother of baby Finn.

 “We’ll give her a few months, or as long as it takes for the pain of childbirth to become a dim memory,” the senior Daly said.  “Once she forgets, we’ll reintroduce it.” 

“I like the idea of adding more Dalys to the Daly Gray company name,” said Uncle Patrick Daly, account supervisor at Daly Gray.  “It has a nice ring to it.”

The child has been pre-enrolled at Cornell School of Hotel Administration, majoring in English, on a full hockey scholarship. 

The grandparents are taking out extra insurance because the child’s father could neither stop nor skate backwards before signing up to play ice hockey.  His storied career was highlighted by breaking his leg while walking off the ice six weeks before his wedding.

The name Finn was chosen, according to his father, after the Irish Legend Finn McCool, who built The Giant’s Causeway to Scotland to fight another giant.

 In what Chris Daly says is strictly a coincidence, the Causeway begins just three miles from Bushmills, Ireland.

 According to his grandmother Katheryn, a Parrothead, Finn is in honor of the Jimmy Buffet classic, Fins.

The child was torn from his mother’s arms two minutes following the birth and taken to a darkened room by his father, where Finn was immediately indoctrinated with a non-stop viewing of the original Star Wars trilogy.

  “A good thing I wear diapers, it is” he said.  “Four hours without a potty break is hard on the kidneys.  I’ve been forbidden to watch the ‘new’ Star Wars for fear that it will rot my brain and cause me to write press releases using inane words like ‘thrilled,’ ‘excited’ and ‘pleased’.”

                        Grandpa Jerry Gray and newborn Finn Alexander Gray

Finn already has started posting on his father’s music blog, www.oddbloggings.com (see attached photo).  “I can’t believe the garbage he listens to,” he said.  “Thank God I got a blues guitar from my grandfather so I can play real music.”

Chris Daly has taken a two-week paternity leave to take Finn to the Planet Dagobah to study with a small green creature and learn how to become a Jedi Flack.

 “We have a jam-packed schedule that includes 123 really bad Kung Fu movies, plus I plan to read him the original Batman series,” the father said.

  Grandfather Daly noted that Batman was Chris’s first career choice but that he was forced to switch to Plan B (Jedi Flack) when his flat feet prevented him from passing the physical.

 About Finn Alexander Daly

Weight:  8 pounds, 9 ounces
Height:  21 inches
Hair:  Yes, more than the father and grandfather combined.
Eyes:  Blue, no glasses at this time

Hobbies:  Watching Star Wars, really bad Kung Fu movies and hockey (see attached photo) with the old man; knitting with Mom, jamming the blues with Grandpa Daly and Uncle Jason; reading the classics, like The Cat in the Hat with Aunt Shannon; world travel with Uncle Patrick; attending multiple freshman years in college with Uncle Andy; and editing really bad press releases with “Auntie” Carol McCune and distributing them with “Auntie” Julie Tullbane; and most satisfying, writing press releases that sound really interesting but don’t provide any facts.

Scholarship Opportunity:  Contributions to the Finn Alexander Daly Scholarship Fund, a 501c, non-profit tax dodge, may be made by sending small unmarked bills in a plain brown envelope to Daly Gray Daly headquarters in Herndon, Va.

Contact:  Finn Alexander Daly (my dad is on paternity leave)
(703) 435-6293

Commercial Real Estate Executive Chris Sausser Joins Jones Lang LaSalle as Senior Vice President in Orange County, CA

 IRVINE, CA, April 19, 2011 – Jones Lang LaSalle today announced that commercial real estate veteran Chris Sausser (top right photo) has joined the company as a Senior Vice President in the firm’s brokerage division.

  Sausser will specialize in advising tenants with their real estate needs in Orange County and across the globe.

“Chris has spent that past seven years in Korea working with companies on their real estate needs.  He chose Jones Lang LaSalle because of its international platform, culture and ability to service his clients around the world,” said Jones Lang LaSalle Senior Managing Director Jeff Ingham. “We look forward to working with him as a member of the JLL team.”

Sausser joins Jones Lang LaSalle from an international development and investment firm where he was responsible for all leasing and joint development activity for 100 million square feet of planned commercial space.

 Previously, he spent 33 years in commercial real estate brokerage, providing real estate solutions to some of the nation’s premier companies. He has been recognized numerous times as a top producer in the industry.

 For further information, please visit our website, http://www.joneslanglasalle.com/

Contact: David Ebeling, Ebeling Communications, (p) 949.861.8351
(c) 949.278.7851, david@ebelingcomm.com

NAI Realvest Negotiates New Industrial Leases totaling 18,298 SF at Countyline Industrial Park and Hanging Moss CommerCenter in metro Orlando

ORLANDO, Fla. – NAI Realvest negotiated two industrial lease agreements totaling 18,298 square feet at the Hanging Moss CommerCenter (top left photo) in Orlando and at Countyline Industrial Park in Oakland in West Orlando.

 Michael Heidrich, principal at NAI Realvest brokered both transactions on behalf of the landlords. 

 Goodman Distribution, Inc. based in Houston, signed a new 62-month lease for suites 1 and 2 with 16,298 square feet at 100 Countyline Court in the Countyline Industrial Park off Highway 50 and the Florida Turnpike.   Brent Landry of Transwestern and Mark Stratman of Jones Lang LaSalle represented the tenant.

 In the Hanging Moss CommerCenter Heidrich negotiated a three-year lease for 2,000 square feet with new tenants Henry Auad and Fabian Pinilla at Suite 430, 6112 Hanging Moss Road representing the landlord Maitland-based COP-Hanging Moss, LLC.   Mike Sigrist of Compass Investment Properties represented the tenants. 

For more information, contact

Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com
Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com
Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

HFF secures $35 million refinancing for Los Angeles area grocery-anchored retail center

 LOS ANGELES & SAN FRANCISCO, CA – HFF announced today that it has secured a $35 million refinancing for Oceangate Commerce Center (top left photo), a 182,743-square-foot, grocery-anchored retail center in Hawthorne, California.

Working exclusively on behalf of the borrower, The Arba Group, HFF placed the 15-year fixed-rate loan with AIG Asset Management.  The loan, which has a 30-year amortization schedule, will be serviced by HFF and is refinancing maturing debt on the property.

Oceangate Commerce Center is located at the intersection of Rosecrans Boulevard and Interstate 45 close to Los Angeles International Airport and Century City. 

Completed in 1996, the property is fully leased to tenants including Food 4 Less, Ross, Sportsmart, Michaels, Payless, Starbucks and Verizon.  Oceangate Commerce Center is part of a larger retail center that is shadow-anchored by Home Depot and Best Buy, among others.

The HFF team representing The Arba Group included managing directors Peter Smyslowski (middle right photo) and Mark Wintner (lower left photo). 

“This opportunity drew a wide range of interest from capital providers, as all the anchor tenants had sales per-square-foot performance that exceeded typical industry benchmarks,” said Smyslowski.

The Arba Group is a real estate development and management company primarily focused on investments in the Los Angeles area.  The Arba Group currently controls a portfolio of assets comprising approximately 1.3 million square feet of institutional quality real estate.

Peter Smyslowski, HFF Managing Director, (415) 276-6300 psmyslowski@hfflp.com
Mark Wintner, HFF Managing Director, (310) 407-2100, mwintner@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500

Smith Consulting Architects-Designed Building Reuse Project for Downtown San Diego Senior Center Achieves Leed Gold

SAN DIEGO, CA. – (April 18, 2011) – The new Gary and Mary West Senior Wellness Center (top left and bottom right photos), which was adapted from a former 17,460-square-foot auto dealership originally built in 1927, has officially received LEED-NC Gold Certification from the U.S. Green Building Council (USGBC).

 Located at the northeast corner of Fourth Avenue and Beech Street at 1525 Fourth Avenue, the once vacant building was fully restored to bring vibrant purpose to downtown San Diego, serving the region’s growing senior population.

 Smith Consulting Architects, based in Carmel Valley, provided full design services for the $2.4 million remodeling project. Senior Community Centers, in partnership with HomeAid San Diego, is the developer. Ledcor Construction, Inc. served as the general contractor.

 The new Gary and Mary West Senior Wellness Center replaced the Senior Community Centers' former downtown facility at Ninth and Broadway, and provides a state-of-the-art, one-stop health and wellness hub for low-income seniors.

The new facility serves as a model for healthy aging that can be replicated in other cities across the United States. Its design and construction were made possible through a lead gift of $3 million from the Gary and Mary West Foundation.

Smith Consulting Architects was tapped by Senior Community Centers for the project based largely on the design firm’s green building knowledge and past achievements.

At the onset, Scott Cairns, LEED AP, who served as lead architect for Smith Consulting Architects, led a LEED design charette to help fully commit the project team to the goal of achieving LEED Gold Certification. Sustainable priorities included reuse of the existing building, and recycling demolition waste to keep materials out of landfills. 

 Supporting Cairns for Smith Consulting Architects were Gary Baker, Vice President Design, LEED AP, Jaime Ramirez, LEED AP, as project manager and Erica Hutchinson, LEED AP, as interior designer.

Russell Hamilton was principal-in-charge for Ledcor Construction, with Michael Strangman as senior estimator, Rob Campbell as project manager, and Jerold Yoder as superintendent.

 Ron Sutliff was principal-in-charge for IPM, with Kevin Kearn acting as senior project manager. Alexis Parker was the HomeAid project lead and Tom Lunneberg served as LEED Commissioning Authority.

 Subcontractors included RCP Block & Brick, Brian Cox Mechanical, Inc., Edward Shedly Concrete & Masonry, Fullerton Glass Company, Industrial Fire Sprinkler Co., McBride Electric, Casper Construction Company, Saber Plumbing Company, East County Tile, and DA Whitacre Construction, Inc.

  More information about the firm can be found on the Web at http://www.sca-sd.com/.

 Contact:: Bonnie Kutch, (619) 299-1010, bkutch@kutchco.com

Plaza Advisors Announces Sale of Northwood Plaza in Clearwater, FL

 CLEARWATER, FL, April 19, 2011---Plaza Advisors is pleased to announce the sale of Northwood Plaza (top left photo) in Clearwater, Florida.

 The shopping center is situated at the intersection of McMullen Booth Road and Enterprise Road and totals 200,000 square feet of gross leasable area.

The major tenants include; Publix, Stein Mart, CVS, Talbots, Anthony’s Coal Fired Pizza and Starbucks. The asset was constructed in 1980.  The property was 91% leased at the time of sale.

The sale of the Northwood Plaza marks the fourth Publix anchored center sold by Plaza Advisors over the past eight months and the fifteenth retail transaction over the past 24 months.

Plaza Advisors represented the seller in the transaction and co-managing partners Jim Michalak (middle right photo) and Anthony Blanco (middle left photo), together with Senior Financial Analyst, Lenard Williams (lower right photo) were involved in the engagement. The seller and buyer were Northwood Plaza, LLC and AEW Capital Management L.P., respectively. 

Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties in the southeastern United States. The firm has offices in Tampa and Miami. 

 Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks. 

Co-managing partners Jim Michalak and Anthony Blanco have a combined 40 years investment brokerage experience. The duo has closed over 146 shopping center transactions, with a combined GLA exceeding 16 million square feet with an aggregate sales volume in excess of $2.5 billion.

Tampa Office                                                 Miami Office                                     

Jim Michalak                                               Anthony Blanco                                            
3412 Bay to Bay Boulevard                      5201 Blue Lagoon Drive, Suite 846
Tampa, FL 33629                                       Miami, FL 33126
OFFICE: 813-837-1300                             OFFICE: 305-629-3606
FAX: 813-831-2627                                    FAX: 305-647-6441


Colliers International Completes Sale of Single Tenant Starbucks for $1,194 per SF in Culver City, CA

CULVER CITY, CA, April 19, 2011 – Colliers International, the second largest global real estate services organization, has completed the sale of a 2,250-square-feet single tenant Starbucks (top centered photo) located at12313 Jefferson Blvd. Culver City, Calif. 90230. The transaction is valued at $2.685 million.

 Built in 2007, the property is a single story retail building and has a corporate guaranteed lease by Starbucks. Located at the corner of Jefferson Blvd and Centinela Ave, the high traffic intersection is a major traffic route for Marina Del Rey, Playa del Rey, Westchester, Playa Vista and Loyola Marymount University.

Jereme Snyder (top left photo), senior vice president of Colliers Retail Services and Director of Colliers NNN Group based in Colliers International’s Irvine office represented the seller, Olive Investment Group, LLC.

 Kathleen Silver and Kay Thorpe represented the buyer, a Private Investor located in LA County.

“The property had multiple challenges to overcome including a NN lease, no drive-through and a tenant termination right in 6 years. With over 10 offers received on the asset, the sale is evidence that there is a very strong demand and a premium paid for well located real estate in Southern California,” said Snyder

Contact: Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258

Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA

Northbridge Centre's YouTube Minute


WEST PALM BEACH, FL – Does Northbridge Centre's reputation as the Darth Vader building (top left photo) carry enough force to become YouTube's next viral sensation?

That's what its Dallas-based owner, Gaedeke Group LLC, intends to find out with a light-hearted marketing campaign for the iconic class A office building. www.youtube.com/user/gaedekegroup

Skinned in black glass and black metal, the 21-story Northbridge Centre at 515 N. Flagler Dr. earned the nickname in 1983 due to its north face silhouette, which resembles the fearless Star Wars character's imposing helmet. The moniker not only stuck in downtown West Palm Beach, but gained recognition statewide for the 288,233-sf Northbridge Centre.

Kirk Fetter, 561 515 7407 for additional information

RR Donnelley Signs Sizable Lease at 730 Midtown in Atlanta

ATLANTA, GA - Lincoln Property Co. has secured a lease with RR Donnelley & Sons at 730 Midtown (top left photo), an office building owned by Colony Realty Partners.

RR Donnelley & Sons leased more than 22,600 square feet at the office building located at 730 Peachtree St. in Midtown. In addition to two large balconies, the space has exposed ceilings, marble and stone flooring in the reception area, and large glass windows with a picture-perfect view of Atlanta.

This was the first of two leases completed by Lincoln with R.R. Donnelley. In March, Lincoln announced that Moore Wallace North America, a division of RR Donnelley, signed a lease for approximately 11,000 square feet at 1117 Perimeter Center West (lower right photo).

Leigh Braswell (middle right photo) and David Danhof (middle left photo)  of Lincoln represented Colony Realty Partners in both transactions.

North America’s largest printing company, RR Donnelly will house its primary creative facility, known as The Project Center, in the space at 730 Midtown. The Project Center provides photography and related graphics to virtually every industry. Jay Dowlen and Tara Alexander of CB Richard Ellis represented RR Donnelley in the lease.

“RR Donnelley is moving into a space that is functional in terms of what they need for creative space,” Braswell said. “This is an office setting that meets their location needs as well as space requirements. Donnelley is moving in to one of the most prominent business areas of Atlanta, as well as the cultural center of the city”

730 Midtown is about a block away from The Fox Theatre and within walking distance to The High Museum of Art and Piedmont Park.

730 Midtown is an 11-story building with 212,000-square-feet of leasable space. The building is located half-a-block from MARTA and offers the highest ratio of covered and surface parking in Midtown at 3.0 per 1,000-square-feet. Lincoln leases and manages the property.

Contact:  Tony Wilbert, twilbert@wilbertnewsstrategies.com