Grubb & Ellis Tapped as Leasing Agent for 3020 Market St. in University City, PA

PHILADELPHIA, PA (Nov. 17, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has been selected by Synterra Partners  to be the leasing agent for 3020 Market St. (top left photo), a 217,007-square-foot Class A office building in the University City neighborhood.

 Steve Gendler, vice president, and Marc Shapiro, senior associate, both in the company’s Office Group, will handle the leasing for the property. 

 “Not only does 3020 Market have the largest contiguous space of 65,000 square feet in University City, but tenants benefit from the extensive Keystone Opportunity Zone tax benefits, along with great University City amenities, including several new restaurants, immediate access to public transportation, Drexel University, Children’s Hospital of Philadelphia (bottom left photo) and University of Pennsylvania,” said Gendler. 

“The property also just completed a $25 million renovation, including HVAC systems, windows, lobby, roof, elevators and façade, making it a high-image option for office and R&D users.”

 The property, located across from the 30th Street Station )  rail hub (bottom right photo and one block away from the new IRS Center, represents the largest contiguous office/research space available in the University City submarket.

 The building has registered for LEED certification and offers 24-hour security, parking and onsite property management. 

The building is part of the Keystone Opportunity Zone, offering extensive corporate and partnership tax abatements. 

The building currently has approximately 80,000 square feet available for lease, including a contiguous block of 65,000 square feet.

For more information, contact Gendler at 215.246.2717 or steve.gendler@grubb-ellis.com, or Shapiro at 215.246.2705 or marc.shapiro@grubb-ellis.com

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

               

Grubb & Ellis|Commercial Florida Negotiates Long Term Leases totaling 21,493 square feet at Two Orlando Office Buildings

ORLANDO - Grubb & Ellis|Commercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently negotiated two long-term office leases for a total of 21,493 square feet in Orlando.   

 Anne Deason Spencer (top right photo) vice president of the Office Services Group at Grubb & Ellis|Commercial Florida, negotiated both transactions representing the local tenants. 

The Devereaux Foundation, who provides services to children with health or developmental disabilites, has renewed its lease of 17,549 square feet at Citadel I, 5850 TG Lee Blvd. in southeast Orlando.    Penn-Florida Realty Corp. is the Orlando-based landlord for the 26-year old, 150,000 square foot building, which is currently 86 percent leased.

Spencer also represented Currency Exchange International, in a new lease agreement for 3,944 square feet at Millenia Park One, 4901 Vineland Rd. in southwest Orlando. 

 The tenant provides its services to retail or hospitality related companies who have international trade or clientele.   The landlord for the 10-year-old, 157,000 square foot building is MIL Owner, LLC and was represented in the transaction by Emily Zinaich (middle left photo) of Morrison Commercial Real Estate.. 

Contacts:

Anne Spencer, 407-481-5411, aspencer@commercialfl.com; 

Jeff Sweeney, 407-481-5387, jsweeney@commercialfl.com

Larry Vershel 407-644-4142  

NAI Realvest Negotiates Industrial Lease Renewal for 9,375 Square Feet at Carter CommerCenter in Winter Garden, FL

MAITLAND, FL – NAI Realvest recently negotiated a renewal agreement for 9,375 square feet of industrial space at 890 and

902 Carter Rd., suites 190-

200  in the Carter CommerCenter in Winter Garden.

Michael Heidrich (top right photo), a principal at NAI Realvest, brokered the transaction on behalf of the landlord COP-Carter, LLC of Maitland and the tenant, Precision Contracting Services, Inc. of Winter Garden. 

For more information, contact:   

Michael Heidrich, Principal NAI Realvest 407-875-9989 Mheidrich@realvest.com;

Patrick Mahoney, President NAI Realvest, 407-875-9989 Pmahoney@realvest.com;

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

Lvershelco@aol.com 

   

Marketplace Advisors, Inc. negotiates the sale of a nine-acre Poinciana, FL site for $1.9 million, rental apartment community planned

ORLANDO, Fla. --- Marketplace Advisors, Inc. of Orlando recently negotiated the sale of a nine-acre Poinciana parcel for $1,900,000.

David Marks (top right photo), president of Marketplace Advisors, Inc., negotiated the sale representing buyer Fountains at San Remo Court, LTD.

The seller was Avatar Properties, Inc.

Marks said the buyer plans to build The Fountains at

San Remo Court

, a rental apartment community, with construction to start shortly.

For more information, contact:  

David Marks, Marketplace Advisors, Inc., 407-599-0007, dmarks@cfl.rr.com;  

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

NAI Realvest Negotiates Long Term Lease of 11,400 SF Industrial Building in Atlas Commerce Park in South Orlando

 MAITLAND, FL– NAI Realvest recently negotiated a new eight-year lease agreement for an 11,400 square foot freestanding industrial building on 7.191± acres located at 11176 Boggy Creek Rd. in the Atlas Commerce Park off Tradeport Drive by Orlando International Airport in south Orlando.

 Robert Blackwell (top right photo), SIOR principal at the firm and associates Sean DuPree CCIM (middle left photo), and Jim Murr, CCIM (bottom right photo) took the assignment from Michael Stanzel and Michael Denton of NAI Robert Lynn in Dallas and negotiated the transaction representing Dayton Superior Corporation.

 The Miamisburg, Ohio-based tenant manufactures products used in concrete construction.

 The landlord is Paul R. Straubinger, LLC c/o Straubcos, LLC of Orlando.

For more information, contact:  

Robert Blackwell, SIOR of Sean DuPree, CCIM, NAI Realvest 407-875-9989; or rblackwell@realvest.com; sdupree@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 expands national loan sales group with addition of Mark Fallon as managing director and Daniel O’Donnell as associate director

 CHICAGO, IL – HFF (Holliday Fenoglio Fowler, L.P.) announced today that Mark Fallon and Daniel O’Donnell have joined the firm’s national loan sales group and will be responsible for sourcing loan sales transactions with a focus on distressed debt nationwide.

Mr. Fallon is joining HFF as a managing director with more than 27 years of experience in the mortgage industry primarily sourcing and distributing mortgage related product including “B” notes, mezzanine financings and pari-passu debt. 

Prior to joining HFF, he spent the previous nine years at Capmark Securities and its predecessor GMAC Commercial Holdings where he was a vice president in the loan sales and syndication group in the Capital Markets Division.

In addition to Mr. Fallon, HFF has hired Daniel O’Donnell in the firm’s Dallas office as an associate director in the national loan sales group where he is responsible for sourcing, evaluating, structuring, and executing loan sale and distressed debt opportunities.

“The addition of both Mark and Daniel to our loan sales group, demonstrates HFF’s continued dedication to expanding our platform as institutional investors look increasingly to loan sales as an indispensable tool in commercial mortgage portfolio management,” said Stuart Salins,  head of HFF’s national loan sales group.

Contacts:

Stuart M. Salins, HFF Senior Managing Director, (312) 528-3678, ssalins@hfflp.com

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

krmurphy@hfflp.com

Arbor Closes $1,332,500 Fannie Mae DUS® Small Loan for Lakeview Arms Apartments in Brookhaven, MS

Uniondale, NY (Nov. 17, 2010) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,332,500 loan under the Fannie Mae DUS^® Small Loan product line for the 96-unit complex known as Lakeview Arms Apartments (top left photo) in Brookhaven, MS. The 10-year loan amortizes on a 30-year schedule.

The loan was originated by Edward Petti, (bottom right photo) Vice President, in Arbor’s full-service New York, NY, lending office.

“In this deal, we refinanced a maturing CMBS loan with an interest rate that was significantly less than the existing rate,” Petti said. “Furthermore, compared with what is offered today by CMBS lenders, the new loan was for higher leverage.”

Contact:  Christopher Ostrowski, costrowski@arbor.com