NAI Realvest Principal Robert Blackwell Achieves Elite Status with NAI Global

ORLANDO, FL – Robert Blackwell (top right photo), SIOR, principal at NAI Realvest has achieved the coveted Elite Status with NAI Global.  The award is given to NAI brokers who have closed a high level of commercial real estate transactions assigned among the 325 offices in the NAI Global worldwide system.

 Patrick Mahoney (middle left photo), president of NAI Realvest, said one of the transactions Blackwell closed was also one of the largest industrial lease deals in Central Florida last year. 

  Blackwell represented the tenant Pelliconi Group in a lease of an 87,000 square foot warehouse/manufacturing facility at Orlando Central Park South (lower right photo), where the landlord is Duke Realty.

 Pelliconi, based in Bologna Italy, is the largest bottle cap manufacturer in the world.  Rick Leighton with NAI Global in Princeton N.J. assigned the deal to Blackwell when Pelliconi identified Orlando as a potential location for its first U.S. cap manufacturing facility.

 Mahoney said another large transaction Blackwell closed in late 2010 also ranks as one of the largest industrial/flex deals of the year. 

ADT Security Services – a subsidiary of Tyco international – leased 47,000 square feet of flex space at Semoran CommerCenter on Shadowridge drive just north of Orlando International Airport. 

The landlord will build to suit over $1.5 million dollars of tenant improvements in one of the two new flex buildings leased at the center.

 “ADT chose this location because of its high parking ratio and the landlord’s ability to build out the space according to the tenant’s specific requirements,” Blackwell said.

 NAI Realvest is located at 2200 Lucien Way, Suite 350, Maitland, Fla.  For more information visit http://www.nairealvest.com/.

 

For more information about this press release, contact:  

Robert Blackwell, SIOR, NAI Realvest 407-875-9989, rblackwell@realvest.com

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

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

  

ATLANTA, GA (Feb. 17, 2011) –Lincoln Property Co., one of the most respected and diversified service firms in the U.S., announced today that Chick-fil-A recently signed a 51,454-square-foot lease to expand at Airport-West Distribution Center (top left photo). This lease brings the project to 100 percent leased.

The building, owned by a Morgan Stanley affiliate, is located at 5295 Buffington Road in Atlanta and about 5 minutes from Hartsfield-Jackson Atlanta International Airport. The 287,560 square foot, two-building project was completed in 2002.

Denton Shamburger of Lincoln Property Co. represented the landlord in the transaction. Chick-fil-A has taken occupancy of its new space and with the expansion, now occupies over 103,000 square feet of Airport-West.

“The Chick-fil-A transaction is a testament to Airport-West Distribution Center’s ability to attract top corporate tenants,” Shamburger said.  In addition to Chick-fil-A, Airport West Distribution Center is the home to Bank of America, Cox Enterprises and PitneyBowes.

Lincoln Property Company currently leases and or manages 12 million square feet of commercial space in the Southeast Region.

Contact:  Laura Dudebout, (678) 642-4301

ldudebout@wilbertnewsstrategies.com

Jones Lang LaSalle Completes 19,674 SF Office Headquarters Relocation for the Center for Civic Education in Woodland Hills, CA

  

WOODLAND HILLS, CA, Feb. 17, 2011 — Jones Lang LaSalle represented the Center for Civic Education in a 19,674-square-foot lease at Warner Center Towers (top left photo), a 1.9-million-square-foot, Class-A office campus located in Woodland Hills, Calif.  The new space will be used for the company’s headquarters. 

Jones Lang LaSalle Vice President Dean Hawthorne and Managing Director Jim Lindvall represented the Center for Civic Education in the transaction.  The property owner, Douglas Emmett, was represented by Troy Pollett, David Solomon and Matt Heyn of CB Richard Ellis. 

“While the market is recovering, there is still great space – even sublease space – that can be found for well below market rates,” said Hawthorne.  “Jones Lang LaSalle was able to identify pristine space that required no improvements, further adding to the Center for Civic Education’s bottom line.”

The Center for Civic Education is an independent, non-profit organization based in California with a network of civic education programs in every state and congressional district in the country and in more than 80 emerging and advanced democracies throughout the world.

Contact:  Ebeling Communications, (p) 949.861.8351, (c) 949.278.7851

david@ebelingcomm.com

Marcus & Millichap Capital Corp. Arranges $4.2 Million Loan in Michigan

 DUNDEE, MI – Marcus & Millichap Capital Corporation (MMCC) has arranged a $4,284,000 credit-tenant lease (CTL) loan for the purchase of a 13,650-square foot Walgreens drugstore in Dundee.

Steven Wiltshire, an associate director in the firm’s Portland office, arranged the loan.

“In this transaction, MMCC sourced funds from bond investors for competitive leverage at 92 percent loan to value and a debt coverage ratio of 1.01,” says Wiltshire.

“The borrower is from Australia and not only were we able to qualify him, but due to our leverage, his down payment and loan cost amounted to less than 10 percent all in, which is a great return on his initial investment. CTLs are one of the safest investments in this market place,” adds Wiltshire.

The loan is for 23 years, amortized over 23 years with a fixed interest rate of 6.05 percent.

Press Contact: Stacey Corso, Marcus & Millichap Capital Corporation,

(925) 953-1716

http://www.mmcapcorp.com/