Downtown Avalon Park to Welcome Bayridge Sushi

 ORLANDO, FL --- Avalon Park Group’s Vice President Rich Browning (middle right photo) recently negotiated a long-term lease agreement with Bayridge Sushi (top left photo)  for 5,427 square feet of retail space at 3680 Avalon Park Blvd. East in downtown Avalon Park (lower  left photo). 

Stephanie Hodson, marketing director at Avalon Park Group, said this will be owner Ben Lu’s third Bayridge Sushi location in Central Florida.

“Ben Lu moved to New York City when he was a teenager to work in his Master Sushi Chef’s restaurant,” Hodson explained. “He started the first Bayridge Sushi restaurant in Bayridge, NY which was rated 4 stars (****) by the New York Daily News. 

Ten years ago he opened his first Central Florida restaurant in Longwood to great reviews including the Orlando Sentinel which commented “If raw fish is your dish, this is your place” and Orlando Weekly which stated “Bayridge Sushi…swimmingly good.”

He later opened a second Central Florida location on SR 436 near Apopka, which was voted by a local newspaper “Best Sushi 2010,” she said.

Buildout will commence during the first quarter and the restaurant will offer a full bar, hibachi tables and outdoor seating.   Hodson said the restaurant is expected to open by the end of September or October 2011. 

Bayridge Sushi was represented by Frank Thomas of Fact Business & Realty, Inc.

For more information about Bayridge Sushi visit http://www.bayridgesushionline.com/

For more information contact:

Stephanie Hodson, Marketing Director Avalon Park Group, 407-658-6565 stephanie@avalonparkgroup.com

Rich Browning, Vice President Avalon Park Group, 407-658-6565, richb@avalonparkgroup.com

Frank Thomas, Founder Fact Companies, 407-333-3305,  factinvest@cfl.rr.com

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

Lvershelco@aol.com

http://www.avalonpark.com/

Marcus & Millichap Brokers $13 Million Lowe’s Ground Lease in Denver

DENVER, CO, Feb. 11, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of a 125,601-square foot site in Denver, which is ground-leased to Lowe’s. The sales price is $13 million.

Jamie Medress, a senior vice president investments, Mark Ruble (top right photo), an associate vice president investments, both in the firm’s Phoenix office, and Michael Hoffman (lower left photo), a first vice president and regional manger of the Denver office, represented the seller, an Idaho-based developer. Marcus & Millichap also represented the buyer, a Phoenix-based real estate investment firm.

“Brighton Corp. demolished an old shopping center at the site in order to ground-lease this property to Lowe’s,” says Ruble. “The scarcity of quality product and the multiplicity of offers led to a positive outcome for both parties.”

The site is located at 2220 West Alameda Ave. in Denver.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Hal Warren at Hendricks & Partners in Orlando Awarded Certified Apartment Portfolio Supervisor Professional Designation

ORLANDO, FL --- Hal Warren (top right photo), associate partner at Hendricks & Partners in Orlando, was recently awarded the prestigious Certified Apartment Portfolio Supervisor (CAPS) professional designation by the National Apartment Association Education Institute (NAAEI).

 Warren said the NAAEI’s CAPS professional designation---one of the Institute’s most difficult professional qualification---requires the successful completion of five rigorous educational courses that total more than 40 hours of classroom time.

 CAPS certification also requires two years of experience managing a portfolio of apartment properties.

 “CAPS is the industry’s highest certification for professional portfolio managers and according to Cole Whitaker (lower left photo), who heads Hendricks & Partners southeast region,  “Warren is one of a few multi-family investment sales brokers in the U.S. to earn the CAPS certification,” 

Warren, who earned his Bachelor’s Degree from the College of Business at Florida State University in Tallahassee and his MBA from the University of Central Florida, joined Hendricks & Partners in 2008 and ranks as one of the most active investment sales brokers of multi-family properties and development sites in Florida.

Warren has almost 20 years of experience in the field, in the Florida region at United Dominion Realty Trust, The Apartment Group and Cushman & Wakefield.

 Currently Warren is serving a second term as chairman of the City of Orlando’s Historical Preservation Board.

For more information contact:  

Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881 hwarren@HPAPTS.com;

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

  

PwC Signs Long-Term Lease for Five Floors at 12th & Midtown in Atlanta

 ATLANTA, GA /PRNewswire/ -- PwC US, the Big Four assurance, tax and advisory firm, has recommitted to its future in Midtown Atlanta by signing a 16-year lease with Daniel Corporation for 140,000 square feet of space at the 1075 Peachtree office building (top left photo), part of 12th & Midtown, a mixed-use development that serves as the cornerstone of Atlanta's Midtown Mile.

Approximately 1,100 PwC partners and professionals will move into five floors of the 725,000-square foot state-of-the-art facility in mid-2012.

Beyond signaling its plans for continued growth and its confidence in the Atlanta market, PwC determined that a move to 1075 Peachtree would offer a number of advantages for the firm's clients and people, including an on-site Loew's hotel and conference center that will facilitate on-site events and support training needs. The building is also Silver LEED certified by the US Green Building Council.

"Our business and culture are based on building relationships, delivering value and winning in the global marketplace. 1075 Peachtree supports those elements locally for both our clients and our people," said PwC Market Managing Partner Gary Price.(middle right photo)  "The new building's impressive amenities and features, stunning architecture and prime Midtown location were too compelling to pass up," Price added.

"PwC embodies the international leader we envisioned occupying the space in 1075 Peachtree," said Doug Guedry, (middle left photo) vice president of office leasing for Daniel Corp. "The firm's reputation for outstanding performance and exceptional innovation is in line with our mission to bring value to Midtown, and we look forward to collaborating with PwC as they build out a world-class office environment."

The transaction was brokered by Timothy Dempsey and John Shlesinger of CB Richard Ellis, a commercial real estate firm offering a full range of services for property owners, occupiers and investors.

CONTACT: Mary Reynolds, mary@thereynoldsgroupinc.com, or Audrey Califf, Audrey@thereynoldsgroupinc.com, +1-404-888-9348, v., +1-877-231-1568, tf., or +1-404-888-9349, f., or Elliott Frieder, PwC US, +1-646-471-3108, elliott.frieder@us.pwc.com

Web Site: http://www.danielcorp.com/

Broadstone REIT Acquires Five Net-Leased Medical Office Properties for $18.4 Million

 ROCHESTER, N.Y., Feb. 11, 2011 /PRNewswire/ -- Broadstone Real Estate, LLC today announced that Broadstone Net Lease, Inc. (BNL) recently completed the acquisition of five triple net-leased medical office properties for a combined purchase price of $18.4MM.

On January 14, 2011, BNL acquired four radiology centers in a sale and lease back transaction. The properties are located in the greater Tampa Bay, FL area. The four sites comprise more than 50,000 SF and are leased to Tower Radiology Centers for 15 years. Tower is the leading outpatient imaging provider in the Tampa Bay area with 11 locations and more than 30 radiologists.

On January 31, 2011, BNL also completed a sale and lease back transaction for the Plastic and Cosmetic Surgery Center of Texas. The 11,000 SF site is located in Plano, TX and is leased for an initial term of 15 years.

Broadstone Net Lease, Inc. is a private Real Estate Investment Trust (REIT) that invests in freestanding, single-tenant, absolute net-leased properties located throughout the United States.

 BNL now holds a diversified portfolio of medical office, restaurant, convenience store, specialty office and distribution centers, including 79 properties located in 21 states.  It is currently targeting acquisitions in the $5 to $30 million range.

 The REIT is managed by Broadstone Real Estate, LLC which is certified as a Women's Business Enterprise by the Women's Business Enterprise National Council.

CONTACT: Brandon Tones, Acquisitions, +1-585-262-9336, brandonto@BroadstoneRE.com, or Chris Czarnecki, Capital Markets, +1-585-399-7040, chriscz@BroadstoneRE.com, both of Broadstone Real Estate, LLC

Web Site: http://www.BroadstoneRE.com

Jones Lang LaSalle Completes 16,900-SF Office Lease with Kayne Anderson Rudnick in Century City, CA

 CENTURY CITY, CA, Feb. 11, 2011 — Jones Lang LaSalle represented Kayne Anderson Rudnick in a 16,900-square-foot lease renewal at Gateway East, (top left photo) a 13-story, 286,000-square-foot, Class A office property located at 1800 Avenue of the Stars in Century City, Calif. 

Jones Lang LaSalle’s team of Managing Directors John Ghiselli, Mike McRoskey and John McRoskey represented Kayne Anderson Rudnick in the transaction.  The property owner, Topa Management Company, was represented in-house by Darren Bell.

“The current economic conditions and our knowledge of local market dynamics allowed Jones Lang LaSalle to negotiate terms enabling Kayne Anderson Rudnick to keep its rent very competitive, extend its lease term and provide for future flexibility,” said Ghiselli.

Kayne Anderson Rudnick Investment Management is a registered investment advisor based in Los Angeles, California with approximately $5 billion in assets under management.

Founded in 1984, their clients include affluent individuals, endowments, foundations, corporations, public funds, and pension plans for who it manages a range of portfolios having a common disciplined, high-quality investment philosophy.

For more information, please visit our website, http://www.kayne.com/

Contact:  David Ebeling, Ebeling Communications, (p) 949.861.8351, (c) 949.278.785, david@ebelingcomm.com

New Leases From Berger Commercial Realty Corp.

FORT LAUDERDALE, FL. – Keith Graves (top right photo) of Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale, Fla., and serving clients around the state, announced two new lease transactions.

 Graves represented landlord SPG NW 63rd Court, LLC in the lease of 59,912 square feet of industrial space in a free-standing warehouse and manufacturing building at 2775 NW 63rd Court in Fort Lauderdale to tenant Off Grid Solar, Inc.

Graves also represented landlord 900 S.E. 3rd Avenue, LLC in the lease of 2,797 square feet of space in a three-story office building located at  900 S.E. 3rd Ave. in Fort Lauderdale to tenant Bermello, Ajamil & Partners, Inc.

Contact:  Marielle Sologuren, Pierson Grant Public Relations

(954) 776-1999, ext. 226, msologuren@piersongrant.com