Universal Technical Institute Relocates Corporate Headquarters to Max at Kierland in Phoenix

 PHOENIX, AZ— Jones Lang LaSalle has completed an 85,000-square-foot lease commitment at the MAX at  Kierland (top left photo) for Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of post-secondary degrees for auto-related technicians and on the shortlist of Arizona-based public companies.

 The building is owned by a Trammell Crow Company/ING Clarion joint venture.

The new UTI home office will occupy two floors at the MAX, a 285,000-square-foot, six-story office building within the Kierland development, south of the Loop 101 on Scottsdale Road in Scottsdale, Ariz. 

The new UTI headquarters will house approximately 425 employees. UTI is currently headquartered at 20410 N. 19th Avenue.

“The MAX at KIERLAND is a high quality facility that reflects the UTI company image. We are pleased that our extensive search for new space has resulted in an exceptional location with tremendous amenities, while achieving a value that is consistent with current commercial real estate market conditions,” said Chad Freed, General Counsel and Senior Vice President Business Development for UTI.

“We are pleased to welcome UTI to MAX at KIERLAND and our growing base of national tenants and corporate headquarter companies,” said Jim Mahoney (middle right photo), Senior Managing Director of Trammell Crow Company’s Phoenix Business Unit.

“We are confident that MAX at KIERLAND will provide UTI with the environment it needs as it continues to seek new business opportunities with industries that will benefit its students and enhance their business model.”

Earlier this year, MAX at KIERLAND was awarded LEED® Certification by the U.S. Green Building Council, becoming one of a select few multi-tenant office buildings in Metro Phoenix to achieve such a designation.

Contact: Stacey Hershauer, focusAZ, Marketing & Public Relations, (480) 600-0195, http://www.focusaz.com/

Nike Leases Almost 200,000 SF in Beaverton, Oregon

PORTAND, OR – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, represented NIKE, Inc. (NYSE: NKE) in its lease of 189,385 square feet of office space on the Tektronix campus (middle right photo) in Beaverton. 

The transaction took the form of an 82,495-square-foot-lease at Building #55 (top left photo), located at 14200 SW Karl Braun Drive, and a 106,890 square-foot-lease at Building #58, 2540 SW Alan Blumlein Way.

 "This new office space will house a combination of new and current Nike IT employees," said Nike Spokesperson Erin Dobson. 

 “The majority of new staff will come from third-party vendors with a small number being full-time Nike hires.  As with many businesses, Nike’s IT resources are managed on a flexible basis.  Our growth in this area is part of our strategic approach to manage necessary investments and updates in our systems.”

According to Grubb & Ellis research, this lease represents the largest new office lease in the Sunset Corridor since 2000 and will push vacancy in the Sunset Corridor office submarket down to 23.1 percent from 27.6 percent, its lowest level since the fourth quarter of 2008. 

Brad Fletcher, executive vice president and managing director of Grubb & Ellis represented Nike. 

 Mark Carnese, senior director, Paul Carlson, director and Tom Usher, senior director of Cushman & Wakefield of Oregon represented Tektronix.

                                  Contact: Patricia Raicht, Phone: 503.972.5456, Email: patricia.raicht@grubb-ellis.com

Cortland Partners Names Richard Munger Construction Manager

 ATLANTA, GA--Richard Munger (top right photo), a veteran of the Southeastern real estate market, is joining Cortland Partners as a Construction Manager. His immediate assignments are two new renovation projects for the Atlanta-based multifamily firm. Munger joins Cortland in a consultant capacity.

“Richard’s a top-caliber talent,” said Cortland Partners president Steven DeFrancis. “Not only has he  held high-level positions with leaders in the multifamily industry, he also has considerable experience in environmentally-friendly ‘green’ building practices. He has the perfect skill set for our needs, and for the current market.”

Munger has 25 years multifamily construction and development experience. He has developed $450 million worth of Class “A” garden and midrise projects within the past ten years alone.

 Four recent projects earned EarthCraft™ and Energy Star™ certifications. He was most recently Regional Vice President of Investments at Gables Residential Trust, EarthCraft’s 2009 Multifamily Developer of the Year.

 He has also been Senior Vice President of Development and Partner at Worthing Southeast Corporation.

A member of the Urban Land Institute, he has served on the Boards of Directors of the Atlanta Apartment Association and Georgia Apartment Association. A licensed realtor and general contractor, he also holds his Certified Commercial Investment Member (CCIM) designation.

 He received his Bachelor of Science degree from Texas A&M University and is currently earning his Executive MBA from Georgia State University’s Robinson College of Business.

For more information, visit http://www.cortlandpartners.com/

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

Wells Core Office Income REIT Acquires First Asset

 NORCROSS, GA – Wells Core Office Income REIT announced its first property acquisition: a Class-A office building in suburban Dallas, fully leased to JPMorgan Chase.

Royal Ridge V, with 119,000 square feet, is located at 3929 John W. Carpenter Freeway in Irving, Texas, in the popular business submarket of Las Colinas and adjacent to Dallas-Fort Worth International Airport (top left photo).  The three-story building was constructed in 2005.

“This first acquisition is a good example of our strategy for Wells Core REIT – core office real estate, leased to investment-grade tenants at quality locations,” said Don Henry (middle right photo), chief real estate officer, Wells Real Estate Funds, advisor to the REIT.

“We’re very pleased to launch our portfolio with a great tenant like JPMorgan Chase,” Henry added.  The banking giant is under lease until 2020.

Wells acquired the property from Brookfield Real Estate Opportunity Fund II, which acquired it from JPMorgan Chase earlier this year. 

Wells was represented internally by Keith Willby, senior vice president, Capital Markets.  Brookfield was represented by CB Richard Ellis. Terms were not announced. 

Wells Real Estate Funds, manager for Wells Core REIT, is a national real estate investment company based in suburban Atlanta. Since its founding in 1984, Wells investment programs – current and closed – have invested more than $11 billion in real estate for more than 250,000 investors.

 For more information, see http://www.wellsref.com/; for more information on Wells Core REIT, visit http://www.wellscorereit.com/

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For a prospectus, contact Wells Investment Securities, Inc., 6200 The Corners Pkwy., Norcross, Ga. 30092-3365 (tel. 800-448-1010). SEC filings: http://www.wellscorereit.com/

 Media Contact: Margot Olcay, Rubenstein Associate, (212) 843-8284, molcay@rubenstein.com

Atlantic|Pacific Management Will Host Educational Insurance Seminar and Breakfast Oct. 29 in Miami Beach

 MIAMI BEACH, FL--Atlantic|Pacific Companies’ property leasing & management platform, Atlantic|Pacific Management, will host an educational insurance seminar for condominium board members and industry professionals.

The seminar will be presented by Wells Fargo Insurance Services USA. who will also be providing breakfast.

 Senior Vice Presidents Adam K. Lopatin and Kenneth M. Jacobs of Commercial Lines will be presenting the following: budgeting for 2011; legislative changes; methods of reducing premiums; hurricane preparation; and understanding co-insurance.

 The event is scheduled for  Friday, Oct. 29, 2010 from 8:30 AM to 11:30 AM at The Crown at Miami Beach, 4041 Collins Avenue, Miami Beach, FL 33140

RSVP by October 22nd to Amanda via email officemgr@apmanagement.net

 or call 305.438.7326

 For more information, visit http://www.apmanagement.net/.

 For opportunity presentations, please contact Randy Weisburd at rweisburd@apmanagement.net.

MEDIA CONTACT: Jessica Wade Pfeffer / Jessica Wade Inc. / Jessica@jessicawadeinc.com / 305.804.8424

Marcus & Millichap Sells $15 Million Multifamily Complex in Middlesex County, NJ

SOUTH BRUNSWICK, NJ – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Fresh Ponds (top left photo), a 120-unit 110,760-square foot multifamily complex in South Brunswick.

The sales price of $15 million represents $125,000 per unit and $135 per square foot.

 Ridge MacLaren (bottom left photo), Dean Zang (middle left photo) and Mark Taylor (lower right photo), vice presidents investments, Andrew Townsend and Clarke Talone, both multifamily investment specialists, in Marcus & Millichap’s Philadelphia office, and Russ Richardson, of Richardson Properties Corp., represented the seller. MacLaren, Zang,

Taylor, Townsend and Talone represented the buyer. Michael Fasano (top right photo), vice president of Marcus & Millichap’s New Jersey office, also provided representation.

“The property’s infill location, the scarcity of comparable product and the presence of numerous large corporations in the area should allow the new owner to benefit from rent growth and high occupancy,” says MacLaren. “This is an extremely low-density property with the space to build up to 60 additional units.”

 Located at 356 Ridge Road in South Brunswick, the property is close to Route 1, the Garden State Parkway and the New Jersey Turnpike.

Fresh Ponds was built in 1980 on 24.25 acres. The apartments are all two-bedroom/1.5- bath units with a balcony or patio.

 Approximately 85 percent of the kitchens have been renovated, some with stainless steel appliances, including dishwashers and microwave ovens. The apartments feature separate electrical HVAC heat pumps with central air conditioning.

Common area amenities include a swimming pool, tennis courts, volleyball, walking trails and a large clubhouse with recreation room.

The annual median household income in the area is $109,000.

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

Marcus & Millichap Sells $14.4 Million Multifamily Property in Greenfield, Indiana

GREENFIELD, IN– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Washington Village (top left photo), a 288-unit 294,826-square foot multifamily property in Greenfield.

The sales price of $14,485,000 represents $50,295 per unit and $49 per square foot.

Michael Wernke, a vice president investments in the firm’s Indianapolis office, represented the seller, locally based Village Apartments of Sugar Creek LLC and the buyer, Financial Equity Associates, an Illinois-based limited partnership.

“Washington Village is an attractive investment,” says Wernke.

“The property has been performing well in an expanding submarket and the existing, assumable, in-place debt gave the purchaser extremely competitive financing terms.”

Located at 4211 West Potomac Drive, the property is approximately 15 minutes from Indianapolis via Interstate 70. In addition to Interstate 70, Greenfield is served by U.S. Highway 40, the “Old National Road” and State Road 9. Interstates 69 and 74 are also nearby.

 Built during 2000 and 2001, Washington Village is comprised of 18 two-story buildings that encircle a small body of water, Lake Potomac.

The community’s unit mix includes one-, two- and three-bedroom floor plans ranging from 776 to 1,205 square feet.

 There are 64 one-bedroom/one-bath apartment homes, 156 two-bedroom/two-bath apartments and 68 three-bedroom/two-bath apartments. On-site amenities include a 24-hour fitness center, clubhouse with billiard table, large swimming pool, basketball court, sand volleyball court and a playground. 

Greenfield, Ind., is the county seat of Hancock County.

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

Berwood Investors, LLC names Ms. Arden Karson as President

CORAL GABLES, FL--Berwood Investors, LLC has announced that Ms. Arden Karson (top right photo)  has been named President of the company.

 Ms. Karson will be leading Berwood Investors, LLC with a focus on the acquisition of opportunistic commercial real estate promissory notes and non‐performing loans in the southeastern US.

Ms. Karson brings over 25 years of high‐level experience in all aspects of distressed commercial and residential real estate including finance, acquisitions, development, asset management, investments and new business development.

Thomas D. Wood, Jr., (middle left photo) Principal of Berwood Investors, LLC said, “Arden”s extensive knowledge of commercial real estate along with her outstanding reputation throughout the industry will provide our investors with an unprecedented level of insight and strategic thinking regarding opportunistic

real estate investments.”

 Gary L. Berman (middle right photo), Principal of Berwood, added, “Having Arden’s vast experience along with the extensive and highly‐regarded business relationships that she has developed throughout her career will provide our investors and partners with a unique 360 degree perspective on the real estate industry.”

After graduating from Harvard Business School, Arden began her career at Bank of America, where she served as Loan Officer. She went on to work with Arvida/JMB Partners directing the sales,marketing and development of over 600 homes. She became Director of Acquisitions and Development for Lennar Corporation /LNR, including serving as Assistant to the President.

Ms. Karson served as Senior Vice President of Acquisitions and Asset Management for Barrow Street Capital, where she oversaw a portfolio of over $500 million. She went on to assume the role of New Business Development Officer of Advenir Real Estate.

Jack Azout, Principal of Premier Commercial Real Estate said, "Ms. Karson is a valuable addition to the Berwood team and her vast experience, reputation for integrity and knowledge of the complexities of the current real estate market will continue to set Berwood apart.”

Mike Wohl (lower left photo), Principal of Pinnacle Housing Group added, "We are delighted to learn that Ms. Karson has joined Berwood Investors, LLC and we look forward to continue working with her and their great team.”

Contact: Gary Berman, Principal, Berwood Investors, LLC, Direct: 3054477837

Cell: 3054841999, gberman@berwoodinvestors.com

 http://www.berwoodinvestors.com/

HFF arranges $3.6 million refinancing for 300 Post Road West in Westport, CT

 NEW YORK, NY – The New York office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $3.6 million refinancing for a 20,000-square-foot office building in Westport, Connecticut that is completely leased to the Wealth Management Group of UBS.

HFF senior managing director Al Epstein (top right photo) worked exclusively on behalf of the borrower, 300PRW LLC, to secure the seven-year, fixed-rate loan with Amalgamated Bank. 

“The lender saw this loan as an investment in a very attractive, Class A suburban office property with a good leasing history located within an established and desirable market,” said Epstein.

  “In today’s economic scene, lenders seek out good sponsors, stable rent flows, and the ability to provide reasonable, not excessive loan underwriting.  This property had it all.”

The property is located at 300 Post Road West, across from Birchwood Country Club (middle left photo) with easy access to both Interstate 95 and the Merritt Parkway. 

300 Post Road West has been fully leased since its completion in 2000 for the wealth management business, which originally operated here under the Paine Webber banner.   The two-story property includes an underground parking garage. 

Contacts:                     

Alvin J. Epstein, HFF Senior Managing Director. (212) 245-2425, aepstein@hfflp.com

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

HFF closes $42 million sale of North Lauderdale, FL multi-housing community

 MIAMI, FL – The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Parrot’s Landing (top left photo), a 560-unit multi-housing community in North Lauderdale, Florida.

HFF managing director George Vail (middle right photo) and director Jaret Turkell (middle left photo) led the investment sales team exclusively on behalf of the seller, Principal Global Investors.

  Grand Peaks Property Management through a joint venture with Behringer Harvard purchased the property for $42 million utilizing a loan from Fannie Mae.

Parrot’s Landing Apartments is located at 7900 Hampton Boulevard across from the Hampton Pines Park and about two miles west of the Florida Turnpike in North Lauderdale.

 The property’s 24 residential buildings are situated on more than 25 acres and were built in two phases.  Phase I has 17 buildings with 408 units, which were renovated from 2007 to 2010 and average 912 square feet each.

 Phase II was completed in 1997 and features seven buildings with 152 units averaging 968 square feet each.  Community amenities include a fitness center, car care center, lighted tennis court, two clubhouses and three pools. 

“This was an outstanding opportunity for a buyer to come in and purchase an institutional quality-owned product at a significant discount to the current owner’s cost basis and replacement cost,” said Vail.

Principal Global Investors is a diversified asset management organization and a member of the Principal Financial Group, with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services. Principal Global Investors manages $215.4 billion in assets primarily for retirement plans and other institutional clients as of December 31, 2009.

Strategically headquartered in Denver, Colorado, Grand Peaks Property Management is a fully integrated apartment management company.  They specialize in all aspects of multifamily management from luxury to tax credit communities.

 Grand Peaks Property Management excels in the management, marketing and lease up of apartment communities; with acquisition, disposition and redevelopment consulting expertise.

Contacts:

George Vail, HFF Managing Director, (305) 448-1333, gvail@hfflp.com

Jaret Turkell, HFF Director, (305) 448-1333, jturkell@hfflp.com

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

                                                                           

HFF arranges $80 million first mortgage financing for historic Puck Building in New York’s SoHo neighborhood

NEW YORK, NY – The New York and New Jersey offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have arranged an $80 million first mortgage financing for the Puck Building (top left photo), a 265,000-square-foot, historic office and retail building in New York’s SoHo neighborhood.

Working on behalf of the borrower, Kushner Companies, HFF senior managing directors Mike Tepedino (middle right photo) and Jose Cruz (middle left photo) and director Steven Klein (lower right photo) placed the adjustable-rate loan on the property.

Originally constructed in 1885, the Puck Building is listed on the National Register of Historic Places and is a New York City historic landmark.

The property was the historic headquarters of Puck Magazine, America’s first political satire magazine, and today its tenants include New York University, REI (ground-floor retail) and Swanke Hayden Connell Architects.

  The property is situated at 293-309 Lafayette Street at the corner of Houston Street across from several subway lines in SoHo.

“The Puck Building is one of the most recognizable buildings in all of Manhattan and has a great location in SoHo, one of the most high-profile retail locations in New York City,” said Tepedino.

Kushner Companies is a family-owned developer, owner and asset management real estate firm involved in the ownership and management of a commercial and residential portfolio consisting of nearly eight million square feet of office, industrial and retail space and more than 5,000 apartments.

Contacts:

Michael Tepedino, HFF Senior Managing Director, (212) 245-2425, mtepedino@hfflp.com

 Jose Cruz, HFF Senior Managing Director, (973) 549-2000,  jcruz@hfflp.com

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

krmurphy@hfflp.com

                 

NAI Realvest negotiates Expansion Lease for Clinical Pathology Laboratory Southeast at Lee Vista Business Center in Southeast Orlando

MAITLAND, FL --- NAI Realvest recently negotiated a new expansion lease of 4,533 square feet of office space at Lee Vista Business Center (lower left photo), 6490 Hazeltine Drive in southeast Orlando.

 Senior Associate Mary Frances West (top right photo), CCIM negotiated the transaction representing the tenant Clinical Pathology Laboratories Southeast, Inc. which is part of Sonic Healthcare USA headquartered in Austin, Texas.

 CPLSE, which now employs more than 300, was originally represented by West in the lease of its current 15,869 square feet at Lee Vista Business Center.

 The expansion will bring the total square footage to 20,402 RSF (rentable square feet). Buildout of the tenant’s added space is slated for completion before the end of the year.

 The landlord, Lee Vista Flex LLC of Apopka, was represented by Chuck McNulty of McNulty Group. 

 For more information contact

Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989 mwest@realvest.com

Patrick Mahoney, Chief Operating Officer NAI Realvest, 407-875-9989 pmahoney@realvest.com

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

Arbor Closes $1.8 Million Fannie Mae DUS® Small Loan for 12 Willard Street Apartments in Hartford, CT

 Uniondale, NY (Oct. 8, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,800,000 loan under the Fannie Mae DUS® Small Loan product line for the 61-unit complex known as 12 Willard Street Apartments (top left photo) in Hartford, CT.

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

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

 “After completing a gut renovation and leasing up this property, our client was looking to place long-term debt on the property at an attractive interest rate,” York said.

 “We were pleased to deliver on our initial terms and, additionally, lock in an interest rate nearly half a percent lower than where we started at application. We look forward to future opportunities together.”

Contact:  Christopher Ostrowski, costrowski@arbor.com

Woolbright Development Announces Plato’s Closet Opening at London Square in Kendall, FL

           

BOCA RATON, FL (Oct. 7, 2010) – Woolbright Development announced that Plato’s Closet will be opening its first Miami location at London Square (top left photo) in Kendall, Fla.

           

Scheduled to have its grand opening in November, Plato’s Closet will occupy 2,880 square feet and sell gently used name-brand clothing and accessories that have been in the retail stores within the past 12 to 18 months.

The store opened for buying in September. The store’s hours will be Monday through Saturday 10 a.m. to 9 p.m. and on Sundays from noon to 6 p.m.

“Plato’s Closet will complement the diverse tenant mix at London Square,” said Pete Schlang (lower left photo), Woolbright’s director of leasing.

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 “Here shoppers will have the unique opportunity to not only buy named brand clothes, but also make money by selling their own gently used branded clothing to the store.”

London Square is a 475,000 square-foot shopping center located at the southeast corner of S.W. 120th Street and S.W. 137th Avenue.

  Anchored by Costco, T.J. Maxx/HomeGoods, Ross Dress For Less, Anna’s Linen’s, Dollar Tree and Party City, the center serves more than 380,000 people and more than 120,000 households in a five mile radius. 

 London Square is the first development in the area to connect the communities of Kendall and Country Walk.

Howard Lefkowitz, leasing vice president at Woolbright, handled this transaction. 

Media Contact:  (954) 776-1999

Pierson Grant Public Relations

Maria Pierson, ext. 222, mpierson@piersongrant.com

Rachel Shapiro, ext. 230, rshapiro@piersongrant.com

Emerson International Reports Lease Agreements at Major Center Plaza, Sanlando Center and Louisiana Office Park in Winter Park and Orlando, FL

ALTAMONTE SPRINGS, FL. – Emerson International recently negotiated new long term commercial office lease agreements at Major Center Plaza (top left photo)  in Southwest Orlando, Sanlando Center (middle right photo) in Longwood and Louisiana Office Park (lower left photo) in Winter Park.

Kenneth Koch, commercial portfolio manager at Emerson International negotiated a lease agreement for 974 square feet of office space at Major Center Plaza on

Major Center Blvd.

near Universal in Southwest Orlando.

The new tenant is Holiday Advertising, LLC. Koch represented Emerson International, the landlord at Major Center Plaza.

Sean Westcott, director of leasing and property management for Emerson International negotiated an expansion lease at Sanlando Center on West SR 434 in Longwood.

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Sunbelt Title Agency, a division of St. Joe Title, LLC expanded its facilities at Sanlando Center from 2,174 square feet of office space to 4,609 square feet.

Westcott negotiated a second office lease expansion at Louisiana Office Park at

1133 Louisiana Ave.

in Winter Park.  Nutritionist Karen Beerbower with 1,131 square feet has now expanded her office facilities to 2,615 square feet. 

For more information contact

Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com;

Sean T. Westcott, Director of Leasing Emerson International, Inc. 407-834-9560;

Kenneth Koch, Commercial Portfolio Manager, Emerson International, Inc. 407-834-9560;

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

 

Wells Real Estate Funds Again NamedOne of Atlanta’s “Best Places to Work”

 NORCROSS, GA. (Oct. 7, 2010) – Wells Real Estate Funds has been named again as one of Atlanta’s “Best Places to Work” by the Atlanta Business Chronicle. It’s the company’s sixth appearance in the newspaper’s prestigious annual rankings, and its fourth in a row.

From over 400 companies nominated, Wells was ranked seventh among midsize companies (those with 101 to 500 employees).

Wells, a national real estate investment company based in suburban Norcross, employs 361 people nationwide, 318 of those in metro Atlanta.

“We’ve been recognized in these rankings a number of times, but it is always an honor,” said Leo Wells (top right photo), founder and president of Wells Real Estate Funds. “I believe it’s a credit to our people that they’ve created such a great environment in which to work.”

 The rankings are based on an independent third-party survey of employees, under the auspices of the Atlanta Business Chronicle. Wells Real Estate Funds has been recognized nationally for its outstanding benefits programs, including a 2006 award as one of The Principal® 10 Best Companies for Employee Financial Security.

Wells Real Estate Funds was founded in 1984.  Since then, Wells investment programs - current and closed - have invested more than $12 billion in real estate for more than 250,000 investors.   For more information, see http://www.wellsref.com/

Media Contact:

Margot Olcay, Rubenstein Associates, (212) 843-8284, molcay@rubenstein.com 

Stirling Sotheby’s International Realty Awarded Exclusive Sales and Marketing Assignment for Titusville, FL Town Home Development

TITUSVILLE, FL--- Stirling Sotheby’s International Realty has been appointed exclusive sales and marketing agents for a 14-unit town home development site on

Dairy Road

in Titusville.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the property with four town homes that have been completed along with 10 additional pads approved for future construction is priced at $499,000.

“This property has great market appeal for both builders and investors or possibly a builder/investor,” said luxury home specialist Cassandra Levine (top right photo), the Stirling Sotheby’s agent representing the property.

Newly completed town homes on the site offer three bedrooms and two baths in 1,628 square feet of living space with one-car garages, Levine said, and the location is just two minutes from I-95 and close to the beaches, she added.

“The town homes are within walking distance of Oak Park Elementary School and James Madison Middle School,” said Levine.

To view the property visit http://www.luxurylivingfl.com/

For more information about this press release, contact:

Cassandra Levine, Stirling Sotheby’s International Realty, 407-333-1900

Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890  

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