Northern New Jersey retail center receives $15.3 million acquisition financing arranged by HFF

                                

FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged $15.3 million in financing for The Streets of Chester, (top left photo) a 104,682-square-foot retail center in Chester, New Jersey.

Working exclusively on behalf of Core Plus Partners LLC, HFF senior managing director Jon Mikula (middle right photo)  placed the fixed-rate loan with Starwood Capital.  Loan proceeds were used to acquire the property. 

Completed in 2006, The Streets of Chester consists of two single-story buildings that are 92% occupied by tenants including Talbots, The Gap, Ann Taylor, Chico’s, J Crew, White House/Black Market, Banana Republic, Coach and Coldwater Creek.  The property is situated on a 12.9-acre site at 128 Route 206 South across the street from Chester Springs Shopping Center in Chester’s central business district.

“An affluent consumer base, lack of competition and its location on a high traffic corridor makes The Streets of Chester a desired locale for a wide array of retailers,” said Mikula.

Core Plus Partners, LLC is a private real estate investment and management company headquartered in Stamford, Connecticut.  The company focuses on Class A and B commercial office and retail properties in the central business districts and metropolitan areas of the Northeast and Mid-Atlantic states.

Contacts: 

Jon Mikula, HFF Senior Managing Director,  (973) 549-2007, jmikula@hfflp.com 

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

                                                                        

                                                                

                                   

krmurphy@hfflp.com

   

                                                                                       

                                                                                    

HFF named to market for sale Broadmoor Country Club Apartments in northwest Indiana

 CHICAGO, IL – The Chicago and Indianapolis offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have been named to market for sale Broadmoor Country Club Apartments, (top left photo) a 264-unit multi-housing community in Merrillville, Indiana.

The HFF investment sales team will be led by executive managing director Matthew Lawton (middle right photo) and managing directors Sean Fogarty (middle left photo), Marty O’Connell (lower right photo) and John Sebree, who are marketing the property on behalf of JVM Realty Corporation. 

 The property can be purchased on an all cash basis or subject to an assumption of the existing financing. 

Broadmoor Country Club Apartment is located at 3944 West 77th Place close to Interstate 65 about 30 miles southeast of downtown Chicago. 

The property has 44 one-bedroom and 220 two-bedroom units averaging 953 square feet each.  Community amenities include a swimming pool, fitness center and business center.

 “Broadmoor Country Club Apartments offers residents convenient access to the regional highway system, major employment centers in south Chicago and northwest Indiana, and retail centers along the US 30 corridor,” said Lawton.

 JVM Realty Corporation specializes in identifying, acquiring, and managing apartment communities throughout the Midwestern United States.

Contacts:  

Matthew D. Lawton, HFF Executive Managing Director, (312) 528-3650    

mlawton@hfflp.com

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

krmurphy@hfflp.com

HFF closes sale of Legacy Heights in San Antonio, TX

 HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Legacy Heights, (top left photo) a 306-unit, Class A multi-housing community in San Antonio, Texas.

HFF senior managing directors Craig LaFollette (middle right photo), Todd Stewart (middle left photo), Todd Marix (lower right photo), director Tre Banks and associate director Chris Curry led the investment sales team on behalf of the seller; a venture between Nationwide Insurance Company and Embrey Partners, Ltd.

 Crow Holdings’ latest real estate fund, Crow Holdings Realty Partners V, L.P., purchased the property for an undisclosed amount.

Legacy Heights is situated on a 13.6-acre site at 1320 Austin Highway close to Fort Sam Houston, San Antonio’s largest employment center.

 Completed in 2009, the property has one, two and three bedroom units that are fully leased.  Community amenities include a clubhouse with game room, billiards and fitness center, resort-style swimming pool and bbq area.

Jason T. Snyder, Nationwide’s senior investment professional in charge of its real estate mezzanine and equity investments, acknowledged Embrey as, “a great equity partner that lived up to its reputation by paying close attention to both the physical asset and the demands of the market.”  

“Legacy Heights garnered a lot of interest from the investment community due to its institutional quality construction and outstanding market performance within a revitalized area of San Antonio,” said LaFollette.

 Crow Holdings (www.crowholdings.com) is a privately owned business based in Dallas, Texas, that makes investments on behalf of the Trammell Crow family and its investment partners.

Today, Crow Holdings has a substantial stake in the ownership of various businesses, both real estate and non-real estate related, with a level of involvement in the management of these companies that ranges from active to passive.

               Embrey Partners develops, constructs and manages both multifamily and commercial properties throughout the United States.  Embrey is known for finding unique opportunities and designing communities with special attention to every detail, that address the demands of the modern renter, while understanding and achieving the characteristics needed to attract institutional capital. 

Contacts:

Craig LaFollette, HFF Senior Managing Director, (713) 852-3500 

clafollette@hfflp.com

Trey Embrey, Embrey Executive Vice President, (210) 804-5275

tembrey@embreydc.com

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

krmurphy@hfflp.com

Arbor Closes $4.56 Million Fannie Mae 3Max Loan for 655 East 233rd Street Apartments in Bronx, NY

Uniondale, NY (Oct. 4, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,560,000 loan under the Fannie Mae 3Max product line for the 60-unit complex known as 655 East 233rd Street Apartments (top left photo) in Bronx, NY.

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

 The loan was originated by Brian Scharf (lower right photo), Director, in Arbor’s full-service Uniondale, NY, lending office.

“This transaction was a maximum leverage acquisition,” Scharf said. “We particularly like the location fundamentals in the Bronx as well as the rent-stabilized and controlled-tenant base, which offered downside protection and upside potential.”

Contact:  Christopher Ostrowski, costrowski@arbor.com

Jones Lang LaSalle Completes 37,199 SF Lease for Willdan in Anaheim, CA

 ANAHEIM, CA., Oct. 4, 2010 – Jones Lang LaSalle (NYSE:JLL)  represented Willdan, a provider of outsourced services to public and private agencies and utilities, in a 37,199-square-foot lease renewal at 2401 E. Katella in Anaheim, California.  This facility serves as the company’s headquarters.

Jones Lang LaSalle Executive Vice President David Y. Cantwell represented Willdan in the transaction.  The landlord, Principal Financial Group, was represented by Cushman & Wakefield.

“The current economic conditions and our knowledge of local market dynamics allowed Jones Lang LaSalle to negotiate terms enabling Willdan to reduce its rent, extend its lease term and provide for future flexibility,” said Cantwell.

 Jones Lang LaSalle is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate.

With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  For further information, please visit our Web site, http://www.joneslanglasalle.com/

Contact:  David Ebeling, Phone:  +1 949 278 7851,  Email, david@ebelingcomm.com

Marcus & Millichap Sells 13,841-SF Walgreens Building in Daytona Beach, FL

 DAYTONA BEACH, FL, Oct. 4, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 13,841-square foot Walgreens (top left photo)  located in Daytona Beach, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $2,390,000.

Leon Brockmeier (middle left photo) and Patrick O’Halloran, retail investment specialists in Marcus & Millichap’s Tampa and Atlanta office respectively, had the exclusive listing to market the property on behalf of the seller, a Florida-based private investor. 

 The buyer, a limited liability company based out of Florida, was secured and represented by a broker outside of Marcus & Millichap. 

The Walgreens is located at 2620 South Nova Road (SR 5A) in South Daytona Beach.

 “During the marketing period we received over twenty offers on the subject site, which we finally closed with a buyer who the seller and I felt most comfortable with and would close the transaction,” says Brockmeier.

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

Beech Street Capital Expands to the Southeast; Hires Executive Vice President of Origination

BETHESDA, MD, Oct. 4, 2010 – Beech Street Capital announced that Chad Thomas Hagwood (lower left photo) has joined the firm as executive vice president of origination and will lead the company’s expansion with the opening of two new offices in Birmingham, Alabama, and Atlanta, Georgia.

 Hagwood’s team will be responsible for originating multifamily, MHC and commercial loans nationwide.

“Chad is an extremely valuable addition to our company,” said Grace Huebscher, (top right photo) president and chief executive officer of Beech Street Capital.

“With more than $4 billion in closed commercial real estate transactions as well as his deep product knowledge and strong commitment to customer service, Chad will be central in further developing our national platform.”

Hagwood brings with him existing originators in Birmingham and Atlanta, including Damon Reed, Dan Armstrong, Jon Smalley, Vincent Langan and Shane Weeks.

 Prior to joining Beech Street Capital, Hagwood was senor vice

president and regional manager with Berkadia Commercial Mortgage. He was consistently a top originator there and at Berkadia’s predecessors, GMAC Commercial Mortgage and Capmark.

Hagwood will continue to be based in Birmingham, Alabama.

Contact: Sharee Lawler (240-507-1923)

Email: slawler@beechstcap.com

http://www.beechstcap.com/

Associated Estates Announces Construction on Downtown Nashville Apartment Community

CLEVELAND, OH /PRNewswire-FirstCall/ -- Associated Estates Realty Corporation (NYSE: AEC, Nasdaq: AEC) announced that it will begin construction of Vista Germantown (top left photo), a 242-unit apartment community located in downtown Nashville, Tennessee. 

The property will be developed by a joint venture controlled by Associated Estates, which acquired the property and development rights from Bristol Development Group, who will have a minority interest in the ongoing project.  Merit Enterprises, Inc. ("Merit"), a wholly owned subsidiary of Associated Estates, will act as general contractor.

 "We have identified Nashville as a market where we want to grow," said John Shannon (middle right photo), Senior Vice President of Operations.

  "It is an exciting town which has provided remarkable support to Associated Estates and Merit during the pre-development process. 

“The diverse economic base and solid demographic trends in Nashville should bode well for the apartment market for years to come.  Merit will be able to provide important construction efficiencies for this urban infill development," Shannon added.

 The project, which will be managed by Associated Estates, will include structured parking, a fitness center and an outdoor pool.  Many units will have dramatic views of the downtown Nashville skyline. The estimated completion date of the project is spring 2012. 

Merit Enterprises, Inc., a wholly owned subsidiary of Associated Estates, is a full service construction company.  In addition to ground up construction, Merit also performs value-added rehabilitation services for Associated Estates' portfolio of apartment communities, as well as for third party owners. 

Associated Estates is a real estate investment trust ("REIT") and is a member of the Russell 2000. The Company is headquartered in Richmond Heights, Ohio. Associated Estates' portfolio consists of 51 properties containing 13,234 units located in eight states.

For more information about the Company, please visit its website at http://www.associatedestates.com/.

Contacts:

  Media Contact: Kimberly Kanary, 216) 797-8718

  Investor Contact: Jeremy Goldberg,  (216) 797-8715

Regency Centers Prices Offering of $250 Million of Ten-Year Senior Unsecured Notes

 JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Regency Centers Corporation (NYSE:REG) announced that its operating partnership, Regency Centers, L.P., priced an offering of $250 million of 4.80% 10-year senior unsecured notes under its existing shelf registration statement.

The offering is scheduled to close on October 7, 2010. The notes are due April 15, 2021 and were priced at 99.860%. Interest on the notes will be payable semiannually on April 15th and October 15th of each year, beginning on April 15, 2011.

 The net proceeds will be used to repay a portion of our outstanding indebtedness that matures in 2011 and 2012, including a portion of our $250 million of 6.75% notes due January 15, 2012 and our $173 million of 7.95% notes due January 15, 2011.

 We intend to use approximately $35 million of the net proceeds to settle an existing interest rate swap. We intend to use the remaining portion of the net proceeds, if any, for general corporate purposes, including the repayment of our line of credit.

Contact: Regency Centers Corporation, Lisa Palmer, 904-598-7636. http://www.regencycenters.com/

Lennar Acquires About $740 Million of Loans and Real Estate From Three Large Financial Institutions

 MIAMI, FL /PRNewswire-FirstCall/ -- Lennar Corporation (NYSE: LEN and LEN.B) announced that it completed the acquisitions of approximately $740 million of distressed real estate assets, in separate transactions, from three large financial institutions.

 The acquired assets include loans with a total unpaid principal balance of approximately $529 million and real estate properties ("REO") with an appraised value of approximately $211 million.

 The real estate assets in these transactions were purchased at a discount and paid for with a combination of cash and senior unsecured financing provided by one of the selling financial institutions.

 The combined portfolio includes approximately 397 loans and 306 properties. 

The assets consist primarily of non-performing residential and commercial acquisition, development and construction loans and REO relating to land, lots, and single-family and multi-family residential communities at varying stages of completion.

 The acquired assets are located in 17 states, primarily in the Mid-Atlantic and Southeast regions of the United States.

  In the combined portfolio, 65% of the assets are residential and 35% are commercial.  Lennar's Rialto Investments segment will be responsible for the oversight and day-to-day management and workout of the combined portfolio.

Stuart Miller (top right photo), President and Chief Executive Officer of Lennar Corporation, said, "Rialto is uniquely positioned to underwrite and purchase pools of distressed assets and generate earnings from the resolution of those assets, one asset at a time.

“It is a wholesale to retail process driven by a hard-working group of professionals who have time-tested loan and asset workout skills."

 Mr. Miller continued, "These ground breaking transactions, sourced by Eric Feder, Head of Strategic Development for Lennar and Rialto, represent the first major purchases from the private sector.

“ We worked hand-in-hand with three large financial institutions to help them maximize the value of their distressed assets, while creating an excellent investment opportunity for our shareholders.

Contact: Diane Bessette, Vice President and Treasurer, Lennar Corporation, +1-305-229-6419 . Web Site: http://www.lennar.com/

HFF closes $26.5 million sale of BJ’s Wholesale Club in Falls Church, VA

WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of BJ’s Wholesale Club (lower right photo), an 87,000-square-foot warehouse chain store in Falls Church, Virginia.

HFF senior managing directors Jim Meisel (top right photo)  and Dek Potts (middle left photo) represented the buyer, Zuckerman Gravely Development, in the transaction.  Zuckerman Gravely purchased the property from JBG Rosenfeld Retail for $26.5 million all cash. 

BJ’s Wholesale Club, the third largest warehouse chain in the United States, leases the entire 8.4-acre site through a 20-year ground lease with six five-year options.

 

 Completed in 2010, the property is located at 6607 Wilson Boulevard close to Seven Corners about seven miles southwest of Washington, D.C. in Falls Church, Virginia.

Based in Chevy Chase, Maryland, JBG Rosenfeld Retail (JBGR) specializes in the leasing, development, acquisition, construction and management of retail properties throughout the mid-Atlantic region.  JBGR’s portfolio contains more than five million square feet of shopping centers, freestanding store sites and mixed-use retail sites.

 Zuckerman Gravely Development, Inc. is a privately held firm that owns and manages numerous office buildings in the central business district, and apartments and retail in Montgomery County and northern Virginia.

Contacts:  

James A. Meisel, HFF Senior Managing Director, (202) 533-2500, jmeisel@hfflp.com

Stephen  ‘Dek’ Potts Jr., HFF Senior Managing Director, (202) 533-2500, dpotts@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

Arbor Closes $3.15 Million Fannie Mae DUS® Loan for Northbrook Apartments in Bridgeport, CT

 UNIONDALE, NY  - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,150,000 loan under the Fannie Mae DUS® product line for the 66-unit complex known as Northbrook Apartments (top left photo) in Bridgeport, CT.

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

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

  “This was an acquisition where the client needed to close quickly,” Petti said. “Arbor worked with the client to address several capital items. We closed with an appropriate amount of capital to complete the work and bring the property to its full cash flow potential.”

Contact:  Christopher Ostrowski, costrowski@arbor.com

Arbor Funds $83.1 Million Refinance Loan For Sand Castle Apartments in Queens, NY

Uniondale, NY  – In partnership with Fannie Mae, Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of $83,100,000 in refinancing for the 917-unit complex known as Sand Castle Apartments (top left photo) in Queens, NY.

 Arbor is a Top 10 Fannie Mae DUS® lender and an FHA Multifamily Accelerated Processing (MAP) lender.

 The seven-year loan amortizes on a 30-year schedule and carries a loan-to-value ratio of 80% and a debt-service-coverage ratio of 1.20.

 The loan was originated by John Kelly (middle right photo), Vice President, in Arbor’s Broad Street, Boston, MA, lending office.

 “The historically 100-percent-leased complex in the burgeoning Far Rockaway area of Queens, NY, is well-managed, is in excellent physical condition and features commercial space as well as units that are being renovated on a continual basis,” Kelly said.

 “Arbor looks forward to growing our financial partnership with the property’s sponsorship group going forward.”

 The local sub-market conditions further established the refinancing as an attractive proposition, as the local population is projected to grow steadily during the next decade along with the average household income level.

 In addition, the property’s neighborhood is well-served by public transportation, good schools, numerous retail stores and various medical facilities. It is also located adjacent to several other affluent neighborhoods.

 According to John Caulfield, (lower left photo) Arbor’s Executive Vice President, Director of Operations, “This deal is further evidence that for the right property and borrower, Arbor has the ability and liquidity to fund any transaction across the country.”

Contact:  Christopher Ostrowski, costrowski@arbor.com

Marcus & Millichap Sells 14,273-SF Assisted Living Facility in Pinellas Park, FL

PINELLAS PARK, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Country Inn (top left photo), a 14,273-square foot limited mental health facility located in Pinellas Park, Florida, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $1,000,000.

Kenneth J. Carriero, (lower right photo)  Director, National Seniors Housing Group and Vice President Investments in Marcus & Millichap’s Tampa office had the exclusive listing to market the facility on behalf of the seller and as a transaction broker procured the buyer, a limited liability company based out of Washington.

 

 The building consists of 23-units/42-beds and is located at 7600 78th Avenue North.  The facility is 14,273 square feet and is situated on 3.08 +/- acres.   

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

Crossman & Company Negotiates Renewal and Expansion Lease totaling more than 35,000 square feet on S. Woodland Blvd. in DeLand, FL

  ORLANDO, FL. – Crossman & Company recently negotiated a ten-year lease agreement with Florida Technical College for the renewal and expansion of classroom and administrative office space totaling 35,424 square feet. 

 Katherine Rush, associate at Crossman & Company, negotiated the transaction representing the landlord RSRCA DeLand, Ltd.

 The tenant, Florida Technical College, renewed its existing lease for the 27,094 square feet  and expanded its space with the lease of an additional 8,330 square feet at the facility located at 1199 S. Woodland Blvd. in DeLand.   

 Campus Real Estate Solutions represented the tenant.

 For more information, contact

Katherine Rush, Associate, Crossman & Company 407-581-6232; Krush@crossmanco.com;

Molly Delahunty, Crossman & Company 407-481-6220 mdelahunty@crossmanco.com;

 John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;

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

Grubb & Ellis|Commercial Florida Negotiates New Lease of 3,600 square feet for new Internet Café at Post Commons Shopping Center

 MELBOURNE, FL. --- Grubb & Ellis|Commercial Florida, associated with 130 offices worldwide, recently negotiated a three-year lease agreement for 3,600 square feet of retail space in the Post Commons Shopping Center (bottom left photo) at 4100 N. Wickham Rd. in Melbourne.

 Cheryl Harrington (top right photo), vice president of retail development for Grubb & Ellis|Commercial Florida in Melbourne, negotiated the transaction representing the landlord, Fort Lauderdale-based Post & Wickham Corporation, Inc.

 Tenant Mobile Entertainment Group LLC d/b/a Mr. Sweeps, an Indian Harbour Beach firm, leased the space to open an Internet café, joining Post Commons’ current tenant roster including Publix, Stein Mart, Bealls, Panera Bread, Hallmark, Hair Cuttery, GNC and Firehouse Subs.

 The Internet café will accommodate approximately 60 patrons and is slated to open within the next 30 days, Harrington said.

Contact: Cheryl Harrington, VP Retail Development. 2108 W. New Haven Ave., West Melbourne, FL 32904, PH 321.984.1957     

Stirling Sotheby’s International Realty Commercial Group Negotiates New Lease Agreement for Miami-based Financial Planning Firm at 500 Delaney Ave. Office Building in Orlando

ORLANDO, FL --- Stirling Sotheby’s International Realty Commercial Group recently negotiated a new office lease for 3,932 square feet of space at 500 Delaney Ave. just south of downtown Orlando.             

Stirling Commercial Group associates James Mincy (top right photo)  and John Kurtz (lower left photo) negotiated the transaction representing the landlord, Brian C. Canin and the tenant, American Financial Lifeline, LLC, a Miami-based financial planning firm who leased suite 303 for three years.

Kurtz and Mincy are handling the leasing of the four-story building on the outskirts of Orlando’s central business district. 

For more information, contact:

James A. Mincy or John Kurtz, Sales Associate, Stirling Commercial Group 407-581-5550;

Roger Soderstrom, Owner/Founder Stirling Commercial Group, 407-581-7890;

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

NAI Realvest Negotiates New and Renewal Leases totaling 5,625 square feet at Hanging Moss and Carter CommerCenters in Orlando area

ORLANDO, FL. – NAI Realvest negotiated three industrial lease agreements for 1,875 square feet each – two at the Hanging Moss CommerCenter in Orlando and one at Carter CommerCenter in Winter Garden.

Michael Heidrich (top right photo), principal at NAI Realvest brokered all three transactions on behalf of the landlords and tenants. 

O-Town Motors, LLC signed a new lease for suite 330 with 1,875 square feet and El Neato Inc. d/b/a Kona Ice renewed its lease of suite 320 with 1,875 square feet at 6124 Hanging Moss Rd. in Orlando.   Maitland-based COP-Hanging Moss, LLC is the landlord.  

Floridian Liquid Assets, LLC d/b/a Tropical Liqueurs of Florida renewed its lease of suite 240 with 1,875 square feet at 902 Carter Rd. in Winter Garden.  COP-Carter LLC is the landlord.

For more information, contact

Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com

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

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

BDG Construction Services Awarded Contract to Build-Out Sprint Retail Store by UCF Campus in Orlando

WINTER SPRINGS, FL - BDG Construction Services, LLC was recently awarded a contract to provide interior build-out services at

3402 Technological Ave.

, near the University of Central Florida campus (top left photo), for a new Sprint Retail Store.

Kevin Guffee, principal with BDG Construction Services, LLC, said the interior build-out service involves 1,680 square feet.  Construction is already underway and the project is expected to be completed by mid-October.

BDG is a client company of the University of Central Florida Business Incubation Program located at the Seminole County/Winter Springs Incubator on E. State Road 434 in Winter Springs.

For more information,  contact:  

Kevin Guffee, Principal, BDG Construction Services, LLC, 407-729-5832 kguffee@bdgcs.com; 

Esther Vargas-Davis, Site Manager, UCF Incubator-Seminole County, 407-278-4881, evargasd@mail.ucf.edu; 

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

Crossman & Company Negotiates Long Term Lease Agreements Totaling Over 12,430 Square Feet at Orlando Medical and Professional Complex

ORLANDO - Crossman & Company, one of the largest third-party leasing and management firms in the Southeast, negotiated two long term lease agreements totaling 12,439 square feet at the Orlando Medical and Professional Complex on

S. Semoran Blvd.

in Orlando

Katherine Rush (top right photo)  leasing associate at Crossman & Company negotiated both  transactions representing the landlord. 

Rush negotiated a seven-year renewal and expansion lease with Orlando Family Physicians, Inc. for suites A-D with 4,992 square feet at 1130 S. Semoran Blvd. and a five-year expansion lease with Advanced Interventional Pain Clinic for 7,447 square feet at 1170 S. Semoran Blvd.  Advanced Intervention expanded from 1,746 square feet. 

For more information, contact:  

Katherine Rush, Associate, Crossman & Company 407-581-6232; Krush@crossmanco.com; 

Molly Delahunty, Crossman & Company 407-481-6220 mdelahunty@crossmanco.com;

John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;

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