NAI Realvest Negotiates Office Renewal Lease at The Citadel in southeast Orlando

MAITLAND, FL – NAI Realvest recently completed a renewal lease for office space at The Citadel International (top left photo) located at 5950 Hazeltine National Drive in Southeast Orlando.

Senior Associate Mary Frances West (middle right photo), CCIM negotiated the agreement on behalf of the landlord, Orlando-based Citadel Partners, LTD.

The tenant, ARR Investments, Inc. renewed its lease of suite 630 with 1,218 square feet.

NAI Realvest handles management and leasing of The Citadel International office building. West leads the leasing team that includes associates Kevin O’Connor and Matt Cichocki.

For more information, contact:
Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989 mwest@realvest.com;
Patrick Mahoney, Chief Operating Officer NAI Realvest, 407-875-9989 pmahoney@realvest.com
Beth Payan or Larry Vershel, LV Communications, 407-644-4142 lversehlco@aol.com

NAI Realvest negotiates long term retail lease of 4,538 SF for new Indian Cuisine Restaurant at Florida Mall in Orlando

ORLANDO, Fla. – NAI Realvest recently negotiated a five-year lease agreement for 4,538 square feet of retail space in unit 128 at the Florida Mall, 1187 Florida Mall Ave. in southwest Orlando.

NAI Realvest principals Kevin O'Connor (lower left photo)  and Matt Cichocki (lower right photo)  negotiated the transaction representing the new tenant, India 4 U, LLC who took over the former HuHot Mongolian Grill space and opened an India themed restaurant in August.

Orlando Florida Mall, LLC is the landlord.

For more information, contact:
Kevin O’Connor or Matt Cichocki, Principals NAI Realvest, 407-875-9989, koconnor@realvest.com; mcichocki@realvest.com
 Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com
Beth Payan or Larry Vershel, Larry Vershel Communications, Inc. 407-644-4142

Shaun Burchard Joins Marshall Hotels & Resorts, Inc. as Executive VP

 SALISBURY, MD,  Sept. 9, 2010—Officials of Marshall Hotels & Resorts, Inc., a leading, Maryland-based hotel management and services company, today announced that Shaun Burchard (top right photo), CHA, has joined the company as executive vice president.

 In his new position, Burchard initially will be responsible for reinvigorating the company’s sales and marketing, and increasing asset value.

“Shaun Burchard is an accomplished executive with a proven track record of delivering superior returns—in revenues, profits and guest satisfaction scores,” said Mike Marshall, (top left photo)  president and CEO.

 “There have been significant changes in marketing the past few years, and we want to regain our historically substantial competitive edge with new strategies, techniques and tools.

"Shaun adds significant bench strength to our management team with his broad range of experience, from full-service luxury hotels to midscale select-service brands and boutique hotels.

"We expect to draw upon his 24 plus years of experience in the hospitality industry through all phases of the economic cycle to help us craft compelling strategies that will give our properties a competitive edge as we begin to emerge from the economic downturn.”

Burchard joined Marshall from Sun Development & Management, Inc. a hotel development and management company based in Indianapolis, where he served as president.
 
Contact:

Patrick Daly, (703) 435-6293 (office), (703) 300-8289 (cell), patrick@dalygray.com

Marcus & Millichap Sells Former 105-Room Quality Inn in Lafayette, LA

LAFAYETTE, LA, Sept. 9, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the former Quality Inn, a 105-room hospitality property located in Lafayette, Louisiana, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $1,540,000.

Jaimin P Patel, (top right photo)  senior associate and Jonathan S. Ruprai, investment specialist 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 Utah.

William Hoffpauir, Broker, assisted in closing this transaction.

The former Quality Inn is a three-story, 105-room exterior corridor hotel built in 1993 and located at 2216 Northeast Evangeline Thruway.

Marcus & Millichap Sells  6,820-SF Single-Tenant, Net-Leased Building in Bradenton, FL

BRADENTON, FL, September 9, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Goodyear Tire (lower left photo), a 6,820-square foot single-tenant net-leased property located in Bradenton, Florida, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $1,267,500.

Dom Boulette and James Medefind, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the Florida-based seller, a developer.

The buyer, a limited liability company also based out of Florida, was secured and represented by Gabriel Britti, an investment specialist in the firm’s Miami office.

“The property was placed under contract within two weeks of listing and closed 14 days thereafter. The transaction did not include any form of financing as it was an ‘all cash’ deal, says Boulette.

Goodyear Tire was built in 2006 and is located at 5202 East State Road 64.

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

Lyndal Hanna joins Avison Young as VP, Information Technology

TORONTO, CANADA /PRNewswire/ -- Mark E. Rose (top left photo), Chair and CEO of Avison Young, Canada's largest independently-owned commercial real estate services company, announced today that Lyndal Hanna (top right photo)  has joined Avison Young as Vice-President, Information Technology.

She will be based in the company's Chicago office.

Effective immediately, Hanna will be responsible for the strategic direction and day-to-day management of technology at Avison Young. This will include client-centric tools, the company website and back-office support.

"We are very fortunate to have someone with Lyndal's experience and record of accomplishment join our team as we continue to expand our brand's presence in North America and globally," comments Rose.

"Lyndal will work closely with Avison Young's business leaders to develop a technology vision that is consistent with the company's strategic business goals and that positions the company for superior client support and growth."

Contact: :
Sherry Quan, National, Director of Communications & Media Relations, Avison Young: (604) 647-5098, cell: (604) 726-0959;
Mark Rose, Chair and CEO, Avison Young: (416) 673-4028;
Lyndal Hanna, VP, Information Technology, Avison Young: (312) 957-7613;
http://www.avisonyoung.com/

HFF closes sale of Cahaba Village in suburban Birmingham, AL

DALLAS, TX – The Dallas and Atlanta offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have closed the sale of Cahaba Village (top left photo), a 115,282-square-foot, grocery-anchored shopping center in Mountain Brook, Alabama.

HFF senior managing director Barry Brown, (top right photo)  managing director Ryan Shore (top left photo) and director Jim Hamilton (middle right photo)  led the investment sales team on behalf of the seller, Bayer Properties.

The property was purchased by ING Clarion Partners on behalf of an institutional investor for an undisclosed amount free and clear of debt. Bayer Properties will continue to manage and lease Cahaba Village.

Cahaba Village is located at 2800-3100 Cahaba Village Plaza in Mountain Brook about 5.5 miles from downtown Birmingham.

This location along US 280 has a daily traffic count of more than 80,000 cars per day.

Completed in 2007, the property is 98% leased to tenants including Whole Foods, Charles Schwab, FedEx Office, LensCrafters, Diamonds Direct and Mountain High Outfitters.

“Cahaba Village is home to the only Whole Foods in all of Alabama, making the center a consumer-preferred retail destination in the area,” said Brown. “As a result, while the national retail industry experienced negative sales results in 2009, Cahaba Village was able to generate a positive sales increase.”

Bayer Properties, founded in 1983, is a full-service real estate company headquartered in Birmingham, Alabama. Bayer is a pioneer in the development of regional shopping destinations, and is well recognized in the industry for The Summit, Bayer’s brand of lifestyle center.

Bayer manages and leases a customized portfolio of retail and office properties with over 6.2 million square feet under management throughout the United States.

Founded in 1982, ING Clarion Partners and its affiliates manage $42 billion in assets in the private and public equity sectors of the real estate markets.  More information about the firm is available at http://www.ingclarion.com/.

Contacts:

Barry M. Brown, HFF Senior Managing Director, (214) 265-0880, bbrown@hfflp.com
Ryan N. Shore, HFF Managing Director, (214) 265-0880, rshore@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
krmurphy@hfflp.com

HFF arranges $26M refinancing for 212,225 SF office complex in San Ramon, CA  

SAN FRANCISCO, CA – The San Francisco office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $26 million refinancing for Sunset Business Park (middle left photo), a 212,225-square-foot, two-building, office and research and development complex in San Ramon, California.

Working exclusively on behalf of Nearon Sunset, LLC, HFF managing director Peter Smyslowski (middle right photo)  placed the nine-year, fixed-rate loan with Unum Life Insurance Company of America. Loan proceeds are retiring an existing bridge and repositioning loan that was placed by HFF in 2007.

Sunset Business Park is located on a 9.5-acre site at 3401 Crow Canyon Road in the Tri-Valley area of San Francisco’s East Bay, close to Interstate 680 and Crow Canyon Commons.

The property is fully leased to tenants including Pacific Gas and Electric Company, World Wide Parts, San Ramon Presbyterian Church and Bio Rad Laboratories.

“Unum, an HFF correspondent lender, executed flawlessly in what is still arguably a very challenging lending environment,” said Smyslowski.

Nearon Sunset, LCC is an affiliate of Nearon Enterprises, a privately-held real estate investment and development company headquartered in Danville, California.

Contacts:

Peter Smyslowski, HFF Managing Director, (415) 276-6300, psmyslowski@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,
krmurphy@hfflp.com

HFF arranges $4.8M  refinancing for Walgreen’s-anchored retail center in Houston’s West University area

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $4.8 million refinancing for West University Corner, (bottom left photo)  a 26,355-square-foot, Walgreen’s-anchored retail center in the West University area of Houston.

HFF associate director Colby Mueck (lower right photo) worked on behalf of New Tuscany Development, Ltd to secure the 15-year, fixed-rate loan through Nationwide Life Insurance Company. The financing retired a maturing CMBS loan.

Located at 5220 - 5280 Buffalo Speedway, West University Corner is situated at the intersection of Bissonnet Street and Buffalo Speedway close to Greenway Plaza, US 59 and Rice University in Houston’s West University neighborhood.

The property was completed in 1998 and is fully leased to four tenants including Walgreen’s, MW Cleaners, Blockbuster and Smashburger.

“West University Corner has always benefited from its tremendous visibility as well as positioning at the edge of some of Houston’s most prominent neighborhoods,” said Mueck.

Contacts:

M. Colby Mueck, HFF Associate Director, (713) 852-3500, cmueck@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
krmurphy@hfflp.com

McCarthy Building Companies Promotes Scott Lawrence to Business Development Director

NEWPORT BEACH, CA– McCarthy Building Companies Inc., one of the nation’s leading healthcare builders, has  promoted Scott Lawrence (top right photo) to business development director, healthcare services for its Southern California Division.

In his new role, Lawrence is responsible for generating new and repeat healthcare building opportunities in Southern California.

With more than 13 years of construction industry experience, including eight years as a McCarthy employee, Lawrence brings valuable field experience to his new undertaking at McCarthy.

“With healthcare as McCarthy’s largest market, Scott’s extensive hands-on field experience as project manager for OSHPD hospital projects provide him with technical knowledge and strong relationship skills that will add an important dimension to our business development efforts and client services,” said Steven Mynsberge (lower left photo), McCarthy executive vice president, healthcare services.

“Furthermore, Scott’s LEED AP credentials will aid our clients as sustainability becomes more prevalent in hospital design and construction.”

Contacts:

Laura Mickelson (LM Communications), (949) 453-0851 or (949) 295-4452 (mobile)
Susan Garritano (McCarthy Building Companies, Inc.), (314) 968-3300

Palmer Electric Completes Two School Projects

WINTER PARK, FL— Palmer Electric Company completed two school projects in July with a combined contract value of nearly $200,000.

For Walker & Company, the electrical contractor provided wiring and low voltage services for renovation of the two-story, 16,000 square foot 940 Building at Lake Highland Preparatory School (top left photo)  in Orlando, Fla.

 Under contract with Wharton-Smith Inc., the Palmer Electric team completed the removal and installation of circuits and panels and underground wiring for new HVAC chiller units at Winegard Elementary School, Orlando, Fla.

Contact: Elaine Ingra, 407 384-1344, elainei@pr-works.com

Foster Conant begins design on three new projects

ORLANDO, FL — Foster Conant & Associates, a site-specific landscape architectural firm, is in the preliminary design phase of three new Central Florida multifamily projects being developed by Atlantic Housing Partners LLLP, Winter Park, Florida.

Under its scope of services, Foster Conant is providing design, construction documents and construction observation for landscaping, irrigation, site lighting, hardscape elements, signage and pool layout for the three new properties.

Phase 1 of Town Parke, a rental apartment complex located on a 10.3-acre site in the Winter Springs Town Center district (top left photo), includes site work and the construction of 94-units.

Located on a seven-acre site in unincorporated Seminole County, Florida, Phase 1 of Howell Branch Cove includes 56 townhomes out of the 153-units planned for this property. In unincorporated Osceola County, Florida, the Fountains at San Remo Court is comprised of 130-rental apartments on 8.3-acres.

Along with Foster Conant, the design team handling all three projects includes Slocum Platts Architects of Winter Park, Florida, and civil engineers Madden, Moorhead & Glunt Inc. of Maitland, Florida.

PR Contact: Elaine Ingra, 407-384-1344, elainei@pr-works.com