Southern Commercial Completes 40,000-SF New Lease in Orlando

ORLANDO, FL-- Principals, William “Bo” Bradford (top left photo), CCIM, SIOR and Tom McFadden (bottom right photo), SIOR of Southern Commercial Real Estate Advisors completed a 40,000 square foot new lease at 519 Codisco Way.

 Bradford and McFadden represented the Tenant, Industrial Lighting Products.  The Landlord, Sanford Partners, LLC, was represented by Clark Brandt with The Bywater Company. 

 Firm Also Completes 20,500-SF New Lease

ORLANDO, FL-- Principals, Tom McFadden, SIOR and William “Bo” Bradford, CCIM, SIOR of Southern Commercial Real Estate Advisors completed a 20,500 square foot new lease at 7443 Emerald Dunes Drive.

 McFadden and Bradford represented the Landlord, McDonald LeeVista D, LLC.  The Tenant, American Woodmark Corporation, was represented by Lisa Bailey with Morrison Commercial Real Estate. 

Media Contact:  Celeste MacKenzie,  321-281-8503                                                                                     

cmackenzie@southerncommercialre.com

                                                                     

                                   

Wooldridge Joins The Bainbridge Companies

WELLINGTON, FL--Josh L. Wooldridge (top right photo) has joined the Bethesda office of The Bainbridge Companies as Regional Development Manager.

 He will oversee the acquisition of new multifamily real estate development opportunities throughout the Mid-Atlantic. He is also responsible for daily development operations and strategic directives in the area.

 "We are very excited to grow our development capability in the D.C. Metro area by adding Josh to the Bainbridge team locally. He brings great local industry knowledge, on the ground experience, area relationships and an entrepreneurial drive to our development business," stated Tom Keady (middle left photo), President of Development for The Bainbridge Companies.

Wooldridge was most recently with Trammell Crow Residential’s Mid-Atlantic division, where he helped develop a number of new luxury apartment communities in the Washington, D.C. metropolitan area.

 During his tenure, the division developed more than 5,000 luxury multifamily units in the region with a total combined capitalization of over $1 billion. He has also worked for the City of Alexandria’s Economic Development Partnership.   

 According the Wooldridge, “The Bainbridge name represents a tremendous reputation and track record of success in all aspects of the multifamily residential business. As a native of the Washington Metropolitan area, I am eagerly looking forward to fostering this tradition in the Mid-Atlantic.”

 Wooldridge earned both his MBA and his undergraduate degree in urban planning and design from the University of Maryland.

Contact: Terri Thornton, 404-932-4347 (Cell) http://www.territhornton.com/

Marcus & Millichap Sells 196-Room Hotel in Birmingham, AL for $3.7 Million

 BIRMINGHAM, AL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Clarion Hotel (top left photo), a 196-room hotel located in Birmingham, Ala., according to Bryn D. Merrey, regional manager of the firm’s Tampa office.

The asset commanded a sales price of $3.7 million.

Jonathan S. Ruprai, a hospitality investment specialist in Marcus & Millichap’s Tampa office, and Edwin Greenhalgh, an investment specialist in the firm’s Birmingham office, had the exclusive listing to market the property on behalf of the seller, a limited liability company based in Alabama.

The buyer, a limited liability company, was secured and represented by Ruprai. Greenhalgh, an associate in the Birmingham office, also represented the buyer in this transaction.

The Clarion Hotel was built in 1975 and is located at 5216 Messer Airport Highway.  This is a four-story, full-service interior corridor hotel located at the Birmingham International Airport (bottomright photo).

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

Arbor Closes $3,904,000 Fannie Mae DUS® Small Loan For Villa Sorrento Apartments in Clovis, CA

Uniondale, NY  - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,904,000 loan under the Fannie Mae DUS® Small Loan product line for the 35-unit complex known as Villa Sorrento Apartments (top left photo) in Clovis, CA. The 10-year loan amortizes on a 30-year schedule.

 The loan was originated by Jay Porterfield (lower right photo), Vice President, in Arbor’s full-service Plano, TX, lending office.

 “Arbor had the opportunity to provide a rate and term refinance for this Class A property,” Porterfield said. “The property was recently constructed and has enjoyed strong leasing due to the excellent quality and location.”

Contact:  Christopher Ostrowski, costrowski@arbor.com

Arbor Closes $1,998,000 Fannie Mae DUS® Small Loan For Hickory Square Apartments in Hickory, NC

 Uniondale, NY -- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,998,000 loan under the Fannie Mae DUS® Small Loan product line for the 108-unit complex known as Hickory Square Apartments (top left photo) in Hickory, NC. The 10-year loan amortizes on a 30-year schedule.

 The loan was originated by Ronen Abergel (bottom right photo), Director, in Arbor’s full-service New York, NY, lending office.

Contact:  Christopher Ostrowski, costrowski@arbor.com