ORLANDO, Fla. – NAI Realvest negotiated three industrial lease agreements totaling 10,075 square feet at the Hanging Moss CommerCenter in Orlando and at Carter CommerCenter in Winter Garden.
Michael Heidrich, Sr. principal at NAI Realvest negotiated all three transactions on behalf of the landlords.
NAI Realvest Associate Michael Heidrich, Jr. represented Tenant Robert E. Himler, Jr. who signed a new lease for suite 570 with 4,200 square feet at 6100 Hanging Moss Rd. in the Hanging Moss CommerCenter. Maitland-based COP-Hanging Moss, LLC is the landlord.
Heidrich, Sr. also negotiated a lease renewal at Hanging Moss for suites 540-550 where Florida Home Medical Equipment Inc. occupies 4,000 square feet. Howard B. Feuerstein of Travers Realty Corp. represented the tenant.
In Winter Garden Heidrich, Sr. negotiated a lease of 1,875 square feet at Carter CommerCenter on behalf of the landlord COP-Carter LLC. Orlando-based Kimric Development Corp. d/b/a Kimric Auto Brokers is the new tenant at 902 Carter Rd., Suite 290.
About NAI Realvest
NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.
Wednesday, February 8, 2012
NAI Realvest Negotiates New Sublease at Quorum Center in Southwest Orlando
ORLANDO, Fla. - NAI Realvest recently negotiated a new sublease agreement for 2,231 square feet of office space at Suite G-16 of the Quorum Center 4305 Vineland Rd., in southwest Orlando.
NAI Realvest principal Christie Alexander, Associates Drew Saphos, CCIM and Paul Vera and George Livingston, chairman emeritus of the firm, negotiated the agreement representing the sublessee, Orlando-based Heartfelt Home Care of District 7, Inc. a home health agency.
The sublessor Fines Enterprises, Inc. of Orlando was represented in the transaction by Ray Romano of CBRE.
About NAI Realvest
NAI Realvest, serving all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 350 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.
NAI Realvest principal Christie Alexander, Associates Drew Saphos, CCIM and Paul Vera and George Livingston, chairman emeritus of the firm, negotiated the agreement representing the sublessee, Orlando-based Heartfelt Home Care of District 7, Inc. a home health agency.
The sublessor Fines Enterprises, Inc. of Orlando was represented in the transaction by Ray Romano of CBRE.
About NAI Realvest
NAI Realvest, serving all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 350 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.
Mercantile Capital Corp. Closes 7 Commercial Loans to Fund Projects Valued at $19.1 Million in Jan.
ORLANDO, Fla. --- Mercantile Capital Corporation, which provides U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed commercial loans in seven states in January to finance projects valued at $19,173,411.
Chris Hurn, Chief Executive Officer of Mercantile Capital Corporation, said the firm financed projects in Colorado, Arizona, Tennessee, California, Louisiana, Texas and Illinois in January.
Geof Longstaff, Chairman of Mercantile, said the firm’s largest single loan in January helped finance the $5.1 million acquisition of a Comfort Inn & Suites in Midland, Texas.
Chris Hurn, Chief Executive Officer of Mercantile Capital Corporation, said the firm financed projects in Colorado, Arizona, Tennessee, California, Louisiana, Texas and Illinois in January.
Geof Longstaff, Chairman of Mercantile, said the firm’s largest single loan in January helped finance the $5.1 million acquisition of a Comfort Inn & Suites in Midland, Texas.
First Green Bank Expansion Strategy could see Green Bank Facilities in Orange – Seminole Area before end of the Year
MOUNT DORA, Fla. – First Green Bank hosted more than 750 visitors at its official “Grand Green Opening” of its new award winning headquarters facility in Mount Dora recently and the following week opened its first branch outside Lake County in Ormond Beach.
Soon, additional First Green Bank branches could be premiering in the Orange and Seminole County regions as well.
“The FDIC has extended their period of scrutiny from the historic three year limit to seven years, which constrains our opportunities,” said Kenneth LaRoe, chairman and chief executive officer of First Green Bank.
LaRoe, who created the bank’s “green” approach to customer service and sustainability, said there’s more work to be done yet on the bank’s Clermont and Ormond Beach branches, including upgrades to increase water conservation and provide more energy efficient appliances and lighting.
LaRoe said he is also looking at ways to incorporate solar energy components at both locations.
“We have an electric vehicle recharging station at the Clermont branch and we’re studying the feasibility of even powering that with solar panels,” LaRoe said.
“In the Orange-Seminole market, a lot will be determined by the facility or site,” LaRoe said. “If we can buy a site and build a new facility we can incorporate all the things we learned in Mount Dora.
“We may be able to buy an existing facility that we can bring up to our standards,” he said.
“If we lease a facility, we can still make improvements that meet our criteria,” LaRoe said.
The U.S. Green Building Council (USGBC), which sets standards for energy efficiency and environmental quality with its LEED (Leadership in Energy Efficient Design) program, recently introduced new LEED-EB standards for existing buildings.
“We would like to open a branch in the Orange-Seminole market area soon and we are prepared to open one before the end of this year if we can,” LaRoe said.
Soon, additional First Green Bank branches could be premiering in the Orange and Seminole County regions as well.
“The FDIC has extended their period of scrutiny from the historic three year limit to seven years, which constrains our opportunities,” said Kenneth LaRoe, chairman and chief executive officer of First Green Bank.
LaRoe, who created the bank’s “green” approach to customer service and sustainability, said there’s more work to be done yet on the bank’s Clermont and Ormond Beach branches, including upgrades to increase water conservation and provide more energy efficient appliances and lighting.
LaRoe said he is also looking at ways to incorporate solar energy components at both locations.
“We have an electric vehicle recharging station at the Clermont branch and we’re studying the feasibility of even powering that with solar panels,” LaRoe said.
“In the Orange-Seminole market, a lot will be determined by the facility or site,” LaRoe said. “If we can buy a site and build a new facility we can incorporate all the things we learned in Mount Dora.
“We may be able to buy an existing facility that we can bring up to our standards,” he said.
“If we lease a facility, we can still make improvements that meet our criteria,” LaRoe said.
The U.S. Green Building Council (USGBC), which sets standards for energy efficiency and environmental quality with its LEED (Leadership in Energy Efficient Design) program, recently introduced new LEED-EB standards for existing buildings.
“We would like to open a branch in the Orange-Seminole market area soon and we are prepared to open one before the end of this year if we can,” LaRoe said.
Two Stirling Sotheby’s Int’l Realty Agents Named “Real Estate’s Hot 100 Sales Pros” in Central Fla.
Orlando, Fla. --- Rachel McGrath and Debbie Keilin, International Luxury Home Specialists at Stirling Sotheby’s International Realty, have been named to Orlando Magazine’s “Real Estate’s Hot 100 Sales Pros” list published for 2011.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the dynamic duo, who have opened a Stirling Sotheby’s office at Spruce Creek Fly-In in Port Orange to serve the greater East Volusia County area, rank among the real estate firm’s most productive sales associates.
“Rachel McGrath and Debbie Keilin probably deserve to be named to the region’s top three sales pros,” Soderstrom said. “They carved out their own niche in the East Volusia region including Port Orange and the Daytona Beach oceanfront and intracoastal areas. They have mastered their craft as well as their territory,” he said.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the dynamic duo, who have opened a Stirling Sotheby’s office at Spruce Creek Fly-In in Port Orange to serve the greater East Volusia County area, rank among the real estate firm’s most productive sales associates.
“Rachel McGrath and Debbie Keilin probably deserve to be named to the region’s top three sales pros,” Soderstrom said. “They carved out their own niche in the East Volusia region including Port Orange and the Daytona Beach oceanfront and intracoastal areas. They have mastered their craft as well as their territory,” he said.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Meritage Homes Opens Four Bedroom Model Home at Winter Springs Village in Winter Springs
ORLANDO, Fla. --- Meritage Homes has opened a new four bedroom model home at Winter Springs Village located on Tuscawilla Road and Alafaya Trail in Winter Springs.
The two-story Sinclair model home with 1,911 square feet also offers three baths along with a two-car garage.
Brian Kittle, vice president of sales, said Meritage Homes is building 86 new single family homes at Winter Springs Village priced from the $180s.
The two-story Sinclair model home with 1,911 square feet also offers three baths along with a two-car garage.
Brian Kittle, vice president of sales, said Meritage Homes is building 86 new single family homes at Winter Springs Village priced from the $180s.
Crossman & Company Completes Lease Agreements at Shopping Centers in Palm Beach and Martin Counties
ORLANDO, Fla. --- Crossman & Company the Orlando-based firm that ranks as one of the largest retail property management and leasing firms in the Southeast, recently negotiated three leases that total 4,650 square feet at shopping centers in Jupiter, West Palm Beach and Stuart.
Associate Ashley Thornburg negotiated the long-term leases representing the shopping center owners.
Massage Envy leased 2,400 square feet for five years at Cornerstone at Stuart, 1501 NW Federal Highway in Stuart. Brandon Weiss of NAI Miami represented the tenant.
The Mac Toy Store leased 1,200 square feet for three years at the Shoppes at Southern Palms, 8390 Whispering Oaks Way in West Palm Beach. Tim Childers of Florida Professional Real Estate represented the tenant.
In Jupiter, Mail Room Plus, Inc. signed a five-year lease agreement for 1,050 square feet at Jupiter Farms, 10151 Indiantown Rd. The tenant was not represented by a broker in the transaction.
About Crossman & Company
Headquartered in Orlando, Florida, Crossman & Company is a commercial real estate brokerage firm that specializes in the retail industry. Currently their portfolio under leasing and/or management exceeds 150 shopping centers throughout the Southeast US. Founded in 1990, Crossman & Company focuses solely on landlord representation and serves clients including Publix, PREIT, and GE. Please visit www.crossmanco.com, or call 407-423-5400 for more information.
Associate Ashley Thornburg negotiated the long-term leases representing the shopping center owners.
Massage Envy leased 2,400 square feet for five years at Cornerstone at Stuart, 1501 NW Federal Highway in Stuart. Brandon Weiss of NAI Miami represented the tenant.
The Mac Toy Store leased 1,200 square feet for three years at the Shoppes at Southern Palms, 8390 Whispering Oaks Way in West Palm Beach. Tim Childers of Florida Professional Real Estate represented the tenant.
In Jupiter, Mail Room Plus, Inc. signed a five-year lease agreement for 1,050 square feet at Jupiter Farms, 10151 Indiantown Rd. The tenant was not represented by a broker in the transaction.
About Crossman & Company
Headquartered in Orlando, Florida, Crossman & Company is a commercial real estate brokerage firm that specializes in the retail industry. Currently their portfolio under leasing and/or management exceeds 150 shopping centers throughout the Southeast US. Founded in 1990, Crossman & Company focuses solely on landlord representation and serves clients including Publix, PREIT, and GE. Please visit www.crossmanco.com, or call 407-423-5400 for more information.
Southeast Capital Group at Newmark Knight Frank Hires Florida State University Academic Standout as a Broker Associate
ATLANTA, Ga. --- The Southeast Capital Group at Newmark Knight Frank has appointed recent Florida State University graduate Jason Archer the firm’s newest broker associate.
Whitney Knoll, who heads the Southeast Capital Group at Newmark Knight Frank, said Archer was an academic standout who participated in commercial real estate transactions valued at more than $800,000 during his university career.
Archer was president of Florida State University’s Real Estate Club and his academic prowess and leadership achievements earned him several awards and scholarships, including the ICSC and CCIM undergraduate real estate awards, Knoll said.
“Jason Archer will compile extensive retail market studies in conjunction with the retail investment sale process, developing disposition strategies, asset positioning, creating new business leads and executive transactions under the senior leadership,” Knoll said.
“We expect him to continue his superlative career and play a major role in our growth and development. With experience, he has the makings of an outstanding real estate professional,” Knoll added.
Whitney Knoll, who heads the Southeast Capital Group at Newmark Knight Frank, said Archer was an academic standout who participated in commercial real estate transactions valued at more than $800,000 during his university career.
Archer was president of Florida State University’s Real Estate Club and his academic prowess and leadership achievements earned him several awards and scholarships, including the ICSC and CCIM undergraduate real estate awards, Knoll said.
“Jason Archer will compile extensive retail market studies in conjunction with the retail investment sale process, developing disposition strategies, asset positioning, creating new business leads and executive transactions under the senior leadership,” Knoll said.
“We expect him to continue his superlative career and play a major role in our growth and development. With experience, he has the makings of an outstanding real estate professional,” Knoll added.
University Club of Orlando to Host Cocktails for a Cause Fundraiser Feb. 23 to Benefit Wounded Warriors Outdoors
ORLANDO, Fla. --- The University Club of Orlando will host a Cocktails for a Cause fundraiser from 5 to 8 p.m. Thursday, Feb. 23 to benefit the Orlando Chapter of Wounded Warriors Outdoors (WWO).
Justin Wright, general manager of the University Club of Orlando said the event could raise as much as $5,000 to benefit Wounded Warriors Outdoors, which provides therapeutic outdoor adventures for wounded service veterans.
During the event, all tips will be donated to the WWO service program.
The University Club’s Cocktails for a Cause program has raised more than $7,500 over the past 12 months to benefit local civic, charity and educational programs.
Justin Wright, general manager of the University Club of Orlando said the event could raise as much as $5,000 to benefit Wounded Warriors Outdoors, which provides therapeutic outdoor adventures for wounded service veterans.
During the event, all tips will be donated to the WWO service program.
The University Club’s Cocktails for a Cause program has raised more than $7,500 over the past 12 months to benefit local civic, charity and educational programs.
Ryland Homes to Open New Phase with 31 Home Sites at Wellborn Village in Ladson in Charleston region
CHARLESTON, S.C. --- Ryland Homes will open a new phase with 31 home sites for three, four and five-bedroom single family homes priced from $128,000 at Wellborn Village, located on Crescent Way off Ladson Road near Miles Jamison Road in Ladson.
Brian Cartwright, vice president of sales and marketing at Ryland Homes in Charleston, said home sites in the new phase will be available starting Feb. 17.
Ryland Homes is building new one and two story homes at Wellborn Village that range in size from 1,172 square feet of living space to 2,229 square feet with two-car garages. Five distinctive floor plans are available.
Ryland Homes currently builds single family and townhomes in nine communities throughout the Charleston-Myrtle Beach region. Visit www.ryland.com
About Ryland Homes
With headquarters in Southern California, Ryland is one of the nation’s largest homebuilders and a leading mortgage-finance company. The company currently operates in 28 markets across the country and has built more than 285,000 homes and financed more than 235,000 mortgages since its founding in 1967. Ryland is listed on the New York Stock Exchange under the symbol “RYL.”
Brian Cartwright, vice president of sales and marketing at Ryland Homes in Charleston, said home sites in the new phase will be available starting Feb. 17.
Ryland Homes is building new one and two story homes at Wellborn Village that range in size from 1,172 square feet of living space to 2,229 square feet with two-car garages. Five distinctive floor plans are available.
Ryland Homes currently builds single family and townhomes in nine communities throughout the Charleston-Myrtle Beach region. Visit www.ryland.com
About Ryland Homes
With headquarters in Southern California, Ryland is one of the nation’s largest homebuilders and a leading mortgage-finance company. The company currently operates in 28 markets across the country and has built more than 285,000 homes and financed more than 235,000 mortgages since its founding in 1967. Ryland is listed on the New York Stock Exchange under the symbol “RYL.”
Stirling Sotheby’s Int’l Realty Named Exclusive Agents for Daytona Beach Penthouse
DAYTONA BEACH, Fla. --- Stirling Sotheby’s International Realty has been named exclusive sales and marketing representatives for a penthouse condominium at 573 Marina Point Drive in Daytona Beach listed for sale at $1,199,000.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said top associates Rachel McGrath and Debbie Keilin of the firm’s Port Orange Marketing Center have listed the 6,832 square foot condominium for sale.
Soderstrom said McGrath and Keilin may succeed in selling the condominium during the Daytona 500 Race Week.
“The condominium is the most spectacular penthouse at Marina Point, which adjoins the Chart House Restaurant where so many Race Week fans dock their yachts,” Soderstrom said.
The two-story, five-bedroom penthouse offers three separate master suites and panoramic views from a 2,400 square foot rooftop terrace and a second terrace that measures 340 square feet, Soderstrom said.
Located next door to the Halifax Marina and minutes from the beach, the gated condominium complex has 24-hour guarded security. A myriad of top-notch features in the penthouse include a 13' x 17' walk-in closet in one master suite, butler’s pantry, wine chiller, Subzero appliances and two inside laundry rooms.
See a video tour of the property go to http://www.circlepix.com/home/SSVUY4.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said top associates Rachel McGrath and Debbie Keilin of the firm’s Port Orange Marketing Center have listed the 6,832 square foot condominium for sale.
Soderstrom said McGrath and Keilin may succeed in selling the condominium during the Daytona 500 Race Week.
“The condominium is the most spectacular penthouse at Marina Point, which adjoins the Chart House Restaurant where so many Race Week fans dock their yachts,” Soderstrom said.
The two-story, five-bedroom penthouse offers three separate master suites and panoramic views from a 2,400 square foot rooftop terrace and a second terrace that measures 340 square feet, Soderstrom said.
Located next door to the Halifax Marina and minutes from the beach, the gated condominium complex has 24-hour guarded security. A myriad of top-notch features in the penthouse include a 13' x 17' walk-in closet in one master suite, butler’s pantry, wine chiller, Subzero appliances and two inside laundry rooms.
See a video tour of the property go to http://www.circlepix.com/home/SSVUY4.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Mattamy Homes U.S. Group Posts Near Record Sales of New Homes in January in Five U.S. Markets---Best January Since 2006
WINTER PARK, Fla. --- Mattamy Homes U.S. Group, the U.S. division of Canada’s largest home builder, posted one of its best Januarys ever with sales of 109 new homes in five U.S. markets: Orlando, Jacksonville, Charlotte, Phoenix and Minneapolis-St. Paul.
Steve Parker, president of Mattamy Homes U.S. Group, said this year’s January sales represent the highest January sales the home builder has had since 2006.
Parker said the Orlando, Charlotte and Minneapolis-St. Paul divisions each posted 25 sales in January. The Phoenix division posted 19 sales and Jacksonville reported 15 sales.
The average sale price of a Mattamy-built home in January was $225,000.
About Mattamy Homes
Mattamy Homes expanded into the U.S. in 2003 and has divisions in Jacksonville, Orlando, Charlotte, Phoenix and Minneapolis. The homebuilder is the largest and most active in Canada with annual revenues exceeding $1.3 billion.
Steve Parker, president of Mattamy Homes U.S. Group, said this year’s January sales represent the highest January sales the home builder has had since 2006.
Parker said the Orlando, Charlotte and Minneapolis-St. Paul divisions each posted 25 sales in January. The Phoenix division posted 19 sales and Jacksonville reported 15 sales.
The average sale price of a Mattamy-built home in January was $225,000.
About Mattamy Homes
Mattamy Homes expanded into the U.S. in 2003 and has divisions in Jacksonville, Orlando, Charlotte, Phoenix and Minneapolis. The homebuilder is the largest and most active in Canada with annual revenues exceeding $1.3 billion.
Meritage Homes Promotes Fred Vandercook to Top Regional Post
ORLANDO, Fla. --- Meritage Homes has promoted Fred Vandercook to regional president of Florida and North Carolina.
Vandercook joined Meritage Homes in April of 2009 as division vice president in Southern California, and then took the helm as president of the Orlando division of Meritage Homes in early 2010.
A Miami native and third generation Floridian, Vandercook has more than 30 years of experience in home building.
He earned his B.A. degree in Building Construction from the University of Florida and has held senior leadership roles with several prominent builders in Florida and North Carolina.
In his new position, Vandercook will oversee Meritage Homes operations in the Orlando area communities, Tampa and four in Raleigh, N.C.
Vandercook joined Meritage Homes in April of 2009 as division vice president in Southern California, and then took the helm as president of the Orlando division of Meritage Homes in early 2010.
A Miami native and third generation Floridian, Vandercook has more than 30 years of experience in home building.
He earned his B.A. degree in Building Construction from the University of Florida and has held senior leadership roles with several prominent builders in Florida and North Carolina.
In his new position, Vandercook will oversee Meritage Homes operations in the Orlando area communities, Tampa and four in Raleigh, N.C.
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