Woolbright Development Announces Plato’s Closet Opening at London Square in Kendall, FL

           

BOCA RATON, FL (Oct. 7, 2010) – Woolbright Development announced that Plato’s Closet will be opening its first Miami location at London Square (top left photo) in Kendall, Fla.

           

Scheduled to have its grand opening in November, Plato’s Closet will occupy 2,880 square feet and sell gently used name-brand clothing and accessories that have been in the retail stores within the past 12 to 18 months.

The store opened for buying in September. The store’s hours will be Monday through Saturday 10 a.m. to 9 p.m. and on Sundays from noon to 6 p.m.

“Plato’s Closet will complement the diverse tenant mix at London Square,” said Pete Schlang (lower left photo), Woolbright’s director of leasing.

.

 “Here shoppers will have the unique opportunity to not only buy named brand clothes, but also make money by selling their own gently used branded clothing to the store.”

London Square is a 475,000 square-foot shopping center located at the southeast corner of S.W. 120th Street and S.W. 137th Avenue.

  Anchored by Costco, T.J. Maxx/HomeGoods, Ross Dress For Less, Anna’s Linen’s, Dollar Tree and Party City, the center serves more than 380,000 people and more than 120,000 households in a five mile radius. 

 London Square is the first development in the area to connect the communities of Kendall and Country Walk.

Howard Lefkowitz, leasing vice president at Woolbright, handled this transaction. 

Media Contact:  (954) 776-1999

Pierson Grant Public Relations

Maria Pierson, ext. 222, mpierson@piersongrant.com

Rachel Shapiro, ext. 230, rshapiro@piersongrant.com

Emerson International Reports Lease Agreements at Major Center Plaza, Sanlando Center and Louisiana Office Park in Winter Park and Orlando, FL

ALTAMONTE SPRINGS, FL. – Emerson International recently negotiated new long term commercial office lease agreements at Major Center Plaza (top left photo)  in Southwest Orlando, Sanlando Center (middle right photo) in Longwood and Louisiana Office Park (lower left photo) in Winter Park.

Kenneth Koch, commercial portfolio manager at Emerson International negotiated a lease agreement for 974 square feet of office space at Major Center Plaza on

Major Center Blvd.

near Universal in Southwest Orlando.

The new tenant is Holiday Advertising, LLC. Koch represented Emerson International, the landlord at Major Center Plaza.

Sean Westcott, director of leasing and property management for Emerson International negotiated an expansion lease at Sanlando Center on West SR 434 in Longwood.

.

Sunbelt Title Agency, a division of St. Joe Title, LLC expanded its facilities at Sanlando Center from 2,174 square feet of office space to 4,609 square feet.

Westcott negotiated a second office lease expansion at Louisiana Office Park at

1133 Louisiana Ave.

in Winter Park.  Nutritionist Karen Beerbower with 1,131 square feet has now expanded her office facilities to 2,615 square feet. 

For more information contact

Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com;

Sean T. Westcott, Director of Leasing Emerson International, Inc. 407-834-9560;

Kenneth Koch, Commercial Portfolio Manager, Emerson International, Inc. 407-834-9560;

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

 

Wells Real Estate Funds Again NamedOne of Atlanta’s “Best Places to Work”

 NORCROSS, GA. (Oct. 7, 2010) – Wells Real Estate Funds has been named again as one of Atlanta’s “Best Places to Work” by the Atlanta Business Chronicle. It’s the company’s sixth appearance in the newspaper’s prestigious annual rankings, and its fourth in a row.

From over 400 companies nominated, Wells was ranked seventh among midsize companies (those with 101 to 500 employees).

Wells, a national real estate investment company based in suburban Norcross, employs 361 people nationwide, 318 of those in metro Atlanta.

“We’ve been recognized in these rankings a number of times, but it is always an honor,” said Leo Wells (top right photo), founder and president of Wells Real Estate Funds. “I believe it’s a credit to our people that they’ve created such a great environment in which to work.”

 The rankings are based on an independent third-party survey of employees, under the auspices of the Atlanta Business Chronicle. Wells Real Estate Funds has been recognized nationally for its outstanding benefits programs, including a 2006 award as one of The Principal® 10 Best Companies for Employee Financial Security.

Wells Real Estate Funds was founded in 1984.  Since then, Wells investment programs - current and closed - have invested more than $12 billion in real estate for more than 250,000 investors.   For more information, see http://www.wellsref.com/

Media Contact:

Margot Olcay, Rubenstein Associates, (212) 843-8284, molcay@rubenstein.com 

Stirling Sotheby’s International Realty Awarded Exclusive Sales and Marketing Assignment for Titusville, FL Town Home Development

TITUSVILLE, FL--- Stirling Sotheby’s International Realty has been appointed exclusive sales and marketing agents for a 14-unit town home development site on

Dairy Road

in Titusville.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the property with four town homes that have been completed along with 10 additional pads approved for future construction is priced at $499,000.

“This property has great market appeal for both builders and investors or possibly a builder/investor,” said luxury home specialist Cassandra Levine (top right photo), the Stirling Sotheby’s agent representing the property.

Newly completed town homes on the site offer three bedrooms and two baths in 1,628 square feet of living space with one-car garages, Levine said, and the location is just two minutes from I-95 and close to the beaches, she added.

“The town homes are within walking distance of Oak Park Elementary School and James Madison Middle School,” said Levine.

To view the property visit http://www.luxurylivingfl.com/

For more information about this press release, contact:

Cassandra Levine, Stirling Sotheby’s International Realty, 407-333-1900

Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890  

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

Henin Group Home Building Division Awarded Contract To Expand Gator’s Dockside Restaurant in DeLand, FL

DEBARY, FLA. --- Henin Signature Homes, a division of the Henin Group, was recently awarded a contract to expand the Gator’s Dockside Restaurant facility on U.S. 17-92 in DeLand.

Jerome Henin (top right photo), principal and chairman of the Henin Group, said the well over $200,000 contract included a complete remodeling of the kitchen, game room and dining room, and the addition of an exterior patio to increase the total seating to 273.

Henin said construction work on the facility has been scheduled during weekdays and nights starting Oct. 24 so the restaurant can continue to operate.

“They won’t miss any weekend business,” Henin said.

For more information contact:

Jerome Henin, Founder / President, Henin Group, 407 644-8595

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

Morrison Commercial Real Estate Completes Office Lease Transactions Totaling 21,418 SF

 ORLANDO, FL (Oct. 7, 2010):  Greg Morrison (middle left photo), CCIM, SIOR, Principal of Morrison Commercial Real Estate, announced the completion of three office lease transactions totaling 21,418± square feet. 

Lisa Bailey (top right photo) of Morrison Commercial Real Estate has renewed FASNAP Corp for a total of 5,791 square feet at the Lake Point Business Park located on Hazeltine Drive in South Orlando. 

 Andrei Savitski with Coughlin Commercial represented the Tenant in this transaction

  Lisa Bailey also renewed Walgreens Health Care Plus, represented by Nan McCormick of CB Richard Ellis, for a total of 9,394 square feet at the Atrium Tower located at 6780 Universal Blvd. 

 At the University Corporate Center III (UCC III), Greg Morrison and Emily Zinaich (bottom left photo)  expanded the Siemens Corporation for a total of 6,233 square feet. 

Leo Orisi of The Princeton Group represented the Tenant in this transaction.  UCC III is located at 11474 Corporate Blvd and is currently 100% leased. 

 Contact: Buffy Gillette, Phone: 407.219.3500, Email:  bgillette@morrisoncre.com

Arbor Closes $1.43 Million Fannie Mae DUS® Small Loan for Jersey Street Apartments in Waterbury, CT

 Uniondale, NY (Oct. 7, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,430,000 loan under the Fannie Mae DUS® Small Loan product line for the 42-unit complex known as Jersey Street Apartments (top left photo)in Waterbury, CT.

The 10-year loan amortizes on a 30-year schedule.

The loan was originated by John Edwards (bottom right photo), Vice President, in Arbor’s full-service Boston, MA, lending office.

 “This financing highlights the flexibility of the Small Loan Program,” Edwards said. “We were pleased to have the opportunity to provide our client with the requested loan structure and dollars.”

Contact:  Christopher Ostrowski, costrowski@arbor.com

Hendricks & Partners Appoints Jerrianne Zook Wingerter Branch Manager of Orlando Office

ORLANDO, FL. --- Hendricks & Partners, which ranks as the nation’s largest apartment property sales and research company, has appointed Jerrianne Zook Wingerter (top right photo) as branch manager of the firm’s Orlando office.

Cole Whitaker (bottom left photo), southeast partner who heads the Orlando office of Hendricks & Partners, said Wingerter graduated from Florida State University in Tallahassee.    She was formerly with Cushman & Wakefield in Orlando for nine years as a financial associate before joining Hendricks & Partners.   

Wingerter is also a member of Commercial Real Estate Women (CREW) and served as its president in 2003.

For more information, contact:

Cole Whitaker, Managing Partner, Hendricks & Partners 407-218-8880 cwhitaker@HPAPTS.com

 Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

HFF closes $31 million sale of Morristown, New Jersey multi-housing community

  FLORHAM PARK, NJ – The New Jersey and New York offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have closed the sale of Morris Crossing (top left photo), a recently-renovated, 123-unit multi-housing community in Morris Township, New Jersey.

The HFF investment sales team was led by senior managing directors Jose Cruz (middle right photo) and Andrew Scandalios (middle left photo) and directors Kevin O’Hearn and Jeff Julien, who represented the seller.

  Hartz Mountain Real Estate purchased Morris Crossing for $31 million free and clear of debt.

Situated on 12 acres, Morris Crossing is located at 18-23 Max Drive close to Route 202 and Interstate 287 in Morris Township, approximately 25 miles west of Manhattan. 

The six-building property, renovated from 2007 to 2009, has one-, two- and three-bedroom units that average 948 square feet each and are 96% occupied.  The property has undergone interior and exterior renovations in the past three years. 

 “Morris Crossing is strategically located less than one mile from both the Morris Plains and Morristown train stations with direct service into Manhattan, making this is an ideal location for commuters that want ease of access into the city.

“The property is also within close proximity to downtown Morristown, which is one of only a few New Jersey locations that provide a true 24/7 cosmopolitan feel, featuring fine dining, premium shopping, various entertainment and cultural venues and a lively nightlife atmosphere,” said Cruz.

“In addition, the property maintains a competitive advantage through the look and feel of its suburban single-family home-style living with expansive yards, which is in stark contrast to the mid-rise buildings in downtown Morristown,” added Scandalious.

Hartz Mountain Real Estate, headquartered in Secaucus, New Jersey, owns and operates more than 200 buildings in the New York and New Jersey area.

Contacts:

Jose R. Cruz, HFF Senior Managing Director, (973) 549-2000 

jcruz@hfflp.com

Andrew G. Scandalios, HFF Senior Managing Director, (212) 245-2425

ascandalios@hfflp.com

 Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

krmurphy@hfflp.com

                    

New Marketing Theme Introduced by Cambridge Realty Capital Urges Potential Clients to ‘Let Cambridge Help You do What You do Best’

CHICAGO, IL--Chicago-based Cambridge Realty Capital Companies has redesigned the home page of its corporate website to deliver an “important message,” Chairman Jeffrey A. Davis (top right photo) reports.

“In the current credit crisis, senior housing/healthcare businesses are frustrated with lenders and investors. It’s difficult to find the money they need to grow and hard to find financial people who understand their business,” he observes.

Davis says the company’s new marketing theme asks potential clients to “Let Cambridge Help You Do What You Do Best.”

 Cambridge is the nation’s largest privately-owned company specializing in senior housing/healthcare loans. The Cambridge staff communicates daily with senior housing and long-term care owner/operators nationwide and has access to the “best” capital sources.

Additional information is available on the Cambridge website, http://www.cambridgecap.com/, and Cambridge can be reached at (312) 357-1601 or via e-mail to info@cambridgecap.com

Contact: Evan Washington, Phone: (312) 521-7603, Fax: (312) 357-1611, E-Mail: ew@cambridgecap.com

Twitter: http://twitter.com/CambridgeCap

Grubb & Ellis Names Stephen Jones Executive Managing Director, Institutional Capital Markets

SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that Stephen Jones has joined the company as executive managing director, Institutional Capital Markets, effective immediately.  He will report to Glen Esnard (top right photo), president, Capital Markets.

In this role, Jones will leverage his commercial real estate experience, extensive relationships and knowledge of the institutional capital investment market to further enhance the company’s Capital Markets platform. 

As part of Grubb & Ellis’ Investor Services platform, the Capital Markets group integrates investment sales with property management, agency leasing and debt & equity finance to optimize client returns.

 

“Steve’s experience and proven success makes him an excellent choice to enhance our client focus and expand our new business efforts within the Institutional Capital Markets group,” said Esnard.

  “We’ve significantly strengthened our institutional sales capabilities over the past two years with the addition of a number of leading professionals in key markets throughout the country.  As a company, we have observed Steve’s credibility in the marketplace and his deep client relationships.  We are excited to have him on our team.”

Jones’ hire marks the third major leadership addition in the company’s Capital Markets group in recent months. 

Contact:  Erin May, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com