Orlando, Fla. /Tuscaloosa, Ala. -- The Orlando office of Richmond-based Transact AOCP recently arranged a $6 million loan agreement for Coral Industries, Inc. of Tuscaloosa, Ala. by a multi-year debt facility provided by TAB Bank.
Jonathan Molayem, vice president of Transact AOCP in Orlando, served as financial advisor to Coral Industries in the transaction, working closely with Ogden, Utah-based TAB Bank to set up a customized lending facility for Coral Industries.
“We are seeing more evidence that lenders are willing and able to finance growth and expansion of mid-market industrial enterprises,” Molayem said. “This is a strong sign for our economy and it is especially good for the more than 300 workers currently at Coral Industries and all the additional workers the company will hire,” he continued.
Grant McAllister, executive vice president and chief financial officer of Coral Industries noted the added value working with Transact AOCP. “I felt like they were genuinely interested in our business and that we both shared the same goal to find the best fit for our capital needs. Transact AOCP’s knowledge and experience helped us accomplish that goal."
About Transact AOCP
Transact AOCP is a nationwide boutique mergers and acquisitions advisory firm focusing on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
To learn more about this transaction and others, please call Jonathan Molayem 407-792-5451 or e-mail jmolayem@transactaocp.com. You may also contact Transact AOCP’s Richmond headquarters at 804-323-6868 or visit www.transactaocp.com. Securities transaction conducted through Alpha Omega Capital Securities LLC. Member FINRA and SIPC.
Thursday, April 5, 2012
Hendricks & Partners Negotiates Sale of 900 Apartment Units in Plant City, Port Orange, DeLand
ORLANDO, Fla. --- Hendricks & Partners, which ranks as one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the 900-unit central Florida portfolio of four rental apartment properties in Plant City, Port Orange and DeLand for seller UDR, Inc., based in Colorado.
Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale with associate partner Hal Warren.
The properties include Hunter’s Ridge at Walden Lake in Plant City with 352 units, Pierpoint with 208 units and The Groves 172 units in Port Orange, and The Mallards of Brandywine in DeLand with 168 units.
Warren said the apartment units were all constructed between 1985 and 1990 and renovated in 2006/2007.
A private investment firm acquired the properties, according to Warren, for an undisclosed amount.
Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale with associate partner Hal Warren.
The properties include Hunter’s Ridge at Walden Lake in Plant City with 352 units, Pierpoint with 208 units and The Groves 172 units in Port Orange, and The Mallards of Brandywine in DeLand with 168 units.
Warren said the apartment units were all constructed between 1985 and 1990 and renovated in 2006/2007.
A private investment firm acquired the properties, according to Warren, for an undisclosed amount.
Del Webb Stone Creek Arts Group Buys Baby Grand Piano for Reunion Center, Hosts Two Concerts
OCALA, Fla. – A group of Del Webb Stone Creek residents who call themselves the Culture Vultures raised enough money to buy a digital baby grand piano for the Reunion Center at Del Webb Stone Creek and hosted a pair of weekend concerts that featured Cantor Kim Komrad, a classically trained soprano from Baltimore, and New York pianist David Leighton.
The Saturday concert at the Reunion Center was by invitation only.
Another concert, on Sunday, which featured music by George Gerswin, Irving Berlin and Ernest Gold, who wrote the music for the 1960 film “Exodus” — was held at Ocala’s Temple Beth Shalom and was free and open to the public.
Both concerts included a melody of songs written many years ago by Jacksonville’s Celestine Akins the 86 year old mother of Del Webb Stone Creek resident Allen Akins.
Culture Vultures president Rita Lewison Singer said it took several fundraisers and individual donations, including $1,000 from the Leisure Arts League — along with support from Del Webb management — to buy the piano, which the group has donated to the Reunion Center.
The star performers have roots at Del Webb Stone Creek. Komrad is Singer’s daughter. Leighton is the brother of Culture Vultures co-chair Beth Mueller.
“It was a family affair for the whole community and everyone associated felt a part of the family,” said Sean Strickler, Vice President of Sales at Del Webb North Florida.
Since 2010 the Del Webb Stone Creek Culture Vultures have financially supported the Ocala Symphony Orchestra, the Ocala Civic Theater, Save the Marion Theater, the Kingdom of the Sun Band and local high school arts programs.
“Our goal is to promote the arts and culture in the Marion County area,” Singer said.
Del Webb Stone Creek features an 18-hole championship golf course on 187 acres with stately live oak trees on a rolling countryside and water features strategically placed on 14 of the holes. Stone Creek’s Reflection Bay and Elan Spa clubhouses consist of over 44,000 square feet situated on more than 29 acres including a grand ballroom, state-of-the-art fitness center, indoor spa, steam and sauna room, indoor and outdoor pools, tennis courts, horseshoe pits, pickelball courts and bocce ball courts, event pavilion, over 25 acres of walking and biking trails
For more information, visit delwebb.com/stonecreek or call 877-333-5932.
About Del Webb:
Celebrating its 50th anniversary in 2010, award-winning Del Webb communities provide a vibrant, enriched lifestyle for those ages 55 and older, creating an unmatched experience for the next phase of life. Del Webb communities began with the original Sun City which opened outside Phoenix, Arizona in 1960 and have grown to include more than 50 communities currently open for new home sales in 21 states. Del Webb is the undisputed leader of active adult communities in America and draws on its 50 years of experience of providing residents an engaging life which fulfills their creative, physical, mental, and social needs. Together with Del Webb residents, the brand is redefining retirement. For more information on Del Webb, visit www.delwebb.com
The Saturday concert at the Reunion Center was by invitation only.
Another concert, on Sunday, which featured music by George Gerswin, Irving Berlin and Ernest Gold, who wrote the music for the 1960 film “Exodus” — was held at Ocala’s Temple Beth Shalom and was free and open to the public.
Both concerts included a melody of songs written many years ago by Jacksonville’s Celestine Akins the 86 year old mother of Del Webb Stone Creek resident Allen Akins.
Culture Vultures president Rita Lewison Singer said it took several fundraisers and individual donations, including $1,000 from the Leisure Arts League — along with support from Del Webb management — to buy the piano, which the group has donated to the Reunion Center.
The star performers have roots at Del Webb Stone Creek. Komrad is Singer’s daughter. Leighton is the brother of Culture Vultures co-chair Beth Mueller.
“It was a family affair for the whole community and everyone associated felt a part of the family,” said Sean Strickler, Vice President of Sales at Del Webb North Florida.
Since 2010 the Del Webb Stone Creek Culture Vultures have financially supported the Ocala Symphony Orchestra, the Ocala Civic Theater, Save the Marion Theater, the Kingdom of the Sun Band and local high school arts programs.
“Our goal is to promote the arts and culture in the Marion County area,” Singer said.
Del Webb Stone Creek features an 18-hole championship golf course on 187 acres with stately live oak trees on a rolling countryside and water features strategically placed on 14 of the holes. Stone Creek’s Reflection Bay and Elan Spa clubhouses consist of over 44,000 square feet situated on more than 29 acres including a grand ballroom, state-of-the-art fitness center, indoor spa, steam and sauna room, indoor and outdoor pools, tennis courts, horseshoe pits, pickelball courts and bocce ball courts, event pavilion, over 25 acres of walking and biking trails
For more information, visit delwebb.com/stonecreek or call 877-333-5932.
About Del Webb:
Celebrating its 50th anniversary in 2010, award-winning Del Webb communities provide a vibrant, enriched lifestyle for those ages 55 and older, creating an unmatched experience for the next phase of life. Del Webb communities began with the original Sun City which opened outside Phoenix, Arizona in 1960 and have grown to include more than 50 communities currently open for new home sales in 21 states. Del Webb is the undisputed leader of active adult communities in America and draws on its 50 years of experience of providing residents an engaging life which fulfills their creative, physical, mental, and social needs. Together with Del Webb residents, the brand is redefining retirement. For more information on Del Webb, visit www.delwebb.com
Mercantile Capital Corporation Reports Six Commercial Loans in March to Finance Projects Valued at $31.5 Million
ORLANDO, Fla. --- Mercantile Capital Corporation, which specializes in U.S. Small Business Administration (SBA) 504 loans to small business owners who want to acquire, develop, or refinance their own facilities, reports it closed six commercial loans in March to finance projects valued at more than $31.5 million.
Geof Longstaff, chairman of Mercantile Capital Corporation, said the firm’s largest single loan in March helped finance the $14.5 million acquisition of a Holiday Inn & Suites at Salt Lake City International Airport.
Chris Hurn, chief executive officer of Mercantile, said March’s loan volume helped push Mercantile Capital’s first quarter loan volume to the highest in the company’s nine-year history: 24 loans for $81.9 million in total project costs. “That’s a 68.4 percent increase over this time last year, and we expect a brisk pace for the remainder of this calendar year.”
Geof Longstaff, chairman of Mercantile Capital Corporation, said the firm’s largest single loan in March helped finance the $14.5 million acquisition of a Holiday Inn & Suites at Salt Lake City International Airport.
Chris Hurn, chief executive officer of Mercantile, said March’s loan volume helped push Mercantile Capital’s first quarter loan volume to the highest in the company’s nine-year history: 24 loans for $81.9 million in total project costs. “That’s a 68.4 percent increase over this time last year, and we expect a brisk pace for the remainder of this calendar year.”
Ride Green Scooters in Winter Park launches Performance Club, Competitions and events to come
WINTER PARK, Fla. – Ride Green Scooters on West Fairbanks Ave. in Winter Park has launched the Ride Green Scooters Performance Club, which offers special discounts, events and competitions to members who buy scooters at Ride Green or have their scooters repaired or serviced there.
Ron Schwartz, principal of Ride Green Scooters, said anyone with a scooter or even an interest in scooters can join the Ride Green Scooters Performance Club.
People who buy a scooter from Ride Green earn automatic memberships, Schwartz said.
Members get a trendy membership card on key chain, free Ride Green license plate frame, free annual safety inspection, Ride Green T-shirt, 10 percent discounts on all service and maintenance costs and scooter upgrades, five percent discount on owners next Ride Green scooter purchased and free admission to all Ride Green Scooters events and competitions.
Schwartz said planning, for events and competitions, including scooter shows, rallies, rodeos and races, is underway now.
“We’re going to start slowly and build up gradually, but the population of scooter owners is rising steadily in Central Florida and it’s time for a Ride Green Scooters Performance Club,” Schwartz said.
Ride Green Scooters specializes in maintenance, repair and servicing of all makes and model scooters and sales of all different brands of gasoline and electric scooters that range up to 100 miles per gallon fuel efficiency.
Schwartz said Ride Green Scooters is breaking sales records every month. “Each time gas prices go up our sales increase by large numbers,” he said.
Ron Schwartz, principal of Ride Green Scooters, said anyone with a scooter or even an interest in scooters can join the Ride Green Scooters Performance Club.
People who buy a scooter from Ride Green earn automatic memberships, Schwartz said.
Members get a trendy membership card on key chain, free Ride Green license plate frame, free annual safety inspection, Ride Green T-shirt, 10 percent discounts on all service and maintenance costs and scooter upgrades, five percent discount on owners next Ride Green scooter purchased and free admission to all Ride Green Scooters events and competitions.
Schwartz said planning, for events and competitions, including scooter shows, rallies, rodeos and races, is underway now.
“We’re going to start slowly and build up gradually, but the population of scooter owners is rising steadily in Central Florida and it’s time for a Ride Green Scooters Performance Club,” Schwartz said.
Ride Green Scooters specializes in maintenance, repair and servicing of all makes and model scooters and sales of all different brands of gasoline and electric scooters that range up to 100 miles per gallon fuel efficiency.
Schwartz said Ride Green Scooters is breaking sales records every month. “Each time gas prices go up our sales increase by large numbers,” he said.
NAI Realvest Negotiates New Office Lease with National Auto Financier at University Court in East Orlando
ORLANDO, Fla. --- NAI Realvest recently negotiated a new lease agreement for 2,670 square feet of office space at Suite 220 in University Court located at 3361 Rouse Rd. off University Blvd. in east Orlando.
Senior Associate Mary Frances West, CCIM negotiated the transaction representing the landlord, Interchange Rouse, LLC of Daytona Beach.
Regional Acceptance Corporation, a national auto finance institution headquartered in Winston-Salem, N.C., is the new tenant, and was represented in the transaction by Chris Sproles of CBRE Orlando and Chris Gadrix of CBRE Atlanta.
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 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.
Senior Associate Mary Frances West, CCIM negotiated the transaction representing the landlord, Interchange Rouse, LLC of Daytona Beach.
Regional Acceptance Corporation, a national auto finance institution headquartered in Winston-Salem, N.C., is the new tenant, and was represented in the transaction by Chris Sproles of CBRE Orlando and Chris Gadrix of CBRE Atlanta.
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 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 Negotiates Renewal and Expansion Leases for Dignitas Technologies at The Quadrangle in East Orlando
ORLANDO, Fla. --- NAI Realvest recently negotiated a renewal and an expansion lease totaling 8,423 square feet of office space in the Laurel Building at 3504 Lake Lynda Drive in The Quadrangle in east Orlando.
Mary Frances West, CCIM, senior associate at NAI Realvest, negotiated the lease agreements on behalf of the tenant, Dignitas Technologies LLC who renewed a lease of 6,376 square feet and expanded with a new lease of 2,047 square feet. Dignitas is an Orlando-based software developer that specializes in modeling and simulation for the defense industry.
The landlord, JPMCC 2005-CIBC 13 Orlandville Offices LLC was represented by CBRE.
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 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.
Mary Frances West, CCIM, senior associate at NAI Realvest, negotiated the lease agreements on behalf of the tenant, Dignitas Technologies LLC who renewed a lease of 6,376 square feet and expanded with a new lease of 2,047 square feet. Dignitas is an Orlando-based software developer that specializes in modeling and simulation for the defense industry.
The landlord, JPMCC 2005-CIBC 13 Orlandville Offices LLC was represented by CBRE.
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 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.
MyEduLife Names Don Derfuss Director of Sales
ORLANDO, Fla. --- MyEduLife, Inc., one of the leading U.S. providers of data governance software for colleges and universities, has named Don Derfuss director of sales.
Mark Mooney, Ph.D., co-founder of MyEduLife, said Derfuss has more than 20 years of sales management experience.
He has previously held senior roles in sales and sales management at Thomson West, Cable & Wireless, and Standard Register, Mooney said.
Derfuss formerly owned and operated D3 Business Consulting in the Orlando area.
“Don comes to MyEduLife with a wealth of knowledge and experience in technology sales and client and account relationship management,” Mooney said.
MyEduLife is a University of Central Florida Incubation company at the Central Florida Research Park in east Orlando
About the UCF Business Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 125 current clients) create over $200 million in annual total economic output and more than 1,600 new jobs with an average salary of $59,000. With nine facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. The UCFBIP will open its 10th incubator in Apopka in Spring 2012. Please visit www.incubator.ucf.edu and UCFBIP on Facebook, on www.facebook.com/ucf4bip.
Mark Mooney, Ph.D., co-founder of MyEduLife, said Derfuss has more than 20 years of sales management experience.
He has previously held senior roles in sales and sales management at Thomson West, Cable & Wireless, and Standard Register, Mooney said.
Derfuss formerly owned and operated D3 Business Consulting in the Orlando area.
“Don comes to MyEduLife with a wealth of knowledge and experience in technology sales and client and account relationship management,” Mooney said.
MyEduLife is a University of Central Florida Incubation company at the Central Florida Research Park in east Orlando
About the UCF Business Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 125 current clients) create over $200 million in annual total economic output and more than 1,600 new jobs with an average salary of $59,000. With nine facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. The UCFBIP will open its 10th incubator in Apopka in Spring 2012. Please visit www.incubator.ucf.edu and UCFBIP on Facebook, on www.facebook.com/ucf4bip.
Tolaris Homes earns contract worth more than $50,000 to renovate luxury home in Altamonte Springs
SANFORD, Fla. --- Tolaris Homes was recently awarded a contract worth more than $50,000 to renovate a luxury home on Sandy Lake Road, located on Sunset View in Altamonte Springs.
Rick Bavec, president of Tolaris Homes, said the renovation work will add a garage, bonus room and bath to the home.
Rick Bavec, president of Tolaris Homes, said the renovation work will add a garage, bonus room and bath to the home.
Beazer Homes Sells Out All Single Family Homes at Gulfwinds in Holiday, Only 50 Villa Homes Remain for Sale
TAMPA, Fla. --- Beazer Homes has sold-out its single family homes at Gulfwinds, located on Orca Court off Alt. U.S. 19 and Anclote Blvd. in Holiday just north of Tarpon Springs
Ed Suchora, market manager at Beazer Homes in the Tampa Bay region, said only 50 villa home sites remain for sale.
“We have redecorated our villa model homes and they are open for tours every day,” Suchora said.
Three-bedroom, two-bath villa homes at Gulfwinds range in size from 1,745 square feet of living space to 1,883 square feet priced from $159,900.
All new Beazer villa homes at Gulfwinds are Energy Star® certified. Visit www.beazer.com.
Ed Suchora, market manager at Beazer Homes in the Tampa Bay region, said only 50 villa home sites remain for sale.
“We have redecorated our villa model homes and they are open for tours every day,” Suchora said.
Three-bedroom, two-bath villa homes at Gulfwinds range in size from 1,745 square feet of living space to 1,883 square feet priced from $159,900.
All new Beazer villa homes at Gulfwinds are Energy Star® certified. Visit www.beazer.com.
InternEdge Sees Explosive Growth in Social Recruitment Efforts
ORLANDO, Fla. --- InternEdge, which offers social recruitment solutions (http://www.internedge.com/social-recruitment) to help companies source student talent for internships and entry-level positions as well as promote their employer brand on college and university campuses, reports seeing a rapid growth in companies adapting social recruitment as part of an overall human resources strategy with emphasis on using social media to recruit top workers.
Adam Singh, Co-founder and President at InternEdge, said social media — including Facebook, LinkedIn, Twitter, YouTube and other outlets — offer employers big advantages in recruiting workers.
“Social media recruiting gives employers sourcing flexibility by accessing the largest talent pool, Facebook” Singh said.
“Recruiting on Facebook is particularly beneficial for companies that source top workers from college and university campuses,” Singh said.
“A well-planned social recruitment strategy gets employees involved in the recruiting efforts which increase employee referrals and substantially reduce recruiting costs. Applicants tend to be better aligned to the company dynamic,” he said. To help companies increase their number of employee referrals and social media shares for open positions, InternEdge recently published a guide, “How to Optimize Job Postings for Social Media Sharing,” a free resource for employers (http://www.internedge.com/ebook-how-to-optimize-job-postings-for-social-media-sharing).
“More than 14 million people used social media to find a job in 2011,” Singh said.
“About 25 percent of the time we spend online is spent on social networking sites, and a recent BlogHer study shows that we now spend more time interacting with friends on social media than we do face-to-face,” Singh said.
Almost three quarters of all job seekers who use both social networks and job boards found their jobs through social networking last year, and almost 90 percent of U.S. companies plan to use social networks for recruiting.
“Social media recruiting, as part of an overall social recruitment strategy is only going to get bigger over the next several years,” Singh said.
InternEdge is a client company of the University of Central Florida Business Incubation Program in the Central Florida Research Park in East Orange County.
About the UCF Business Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 125 current clients) create over $200 million in annual total economic output and more than 1,600 new jobs with an average salary of $59,000. With nine facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. The UCFBIP will open its 10th incubator in Apopka in Spring 2012. Please visit www.incubator.ucf.eduand UCFBIP on Facebook, on www.facebook.com/ucf4bip.
Adam Singh, Co-founder and President at InternEdge, said social media — including Facebook, LinkedIn, Twitter, YouTube and other outlets — offer employers big advantages in recruiting workers.
“Social media recruiting gives employers sourcing flexibility by accessing the largest talent pool, Facebook” Singh said.
“Recruiting on Facebook is particularly beneficial for companies that source top workers from college and university campuses,” Singh said.
“A well-planned social recruitment strategy gets employees involved in the recruiting efforts which increase employee referrals and substantially reduce recruiting costs. Applicants tend to be better aligned to the company dynamic,” he said. To help companies increase their number of employee referrals and social media shares for open positions, InternEdge recently published a guide, “How to Optimize Job Postings for Social Media Sharing,” a free resource for employers (http://www.internedge.com/ebook-how-to-optimize-job-postings-for-social-media-sharing).
“More than 14 million people used social media to find a job in 2011,” Singh said.
“About 25 percent of the time we spend online is spent on social networking sites, and a recent BlogHer study shows that we now spend more time interacting with friends on social media than we do face-to-face,” Singh said.
Almost three quarters of all job seekers who use both social networks and job boards found their jobs through social networking last year, and almost 90 percent of U.S. companies plan to use social networks for recruiting.
“Social media recruiting, as part of an overall social recruitment strategy is only going to get bigger over the next several years,” Singh said.
InternEdge is a client company of the University of Central Florida Business Incubation Program in the Central Florida Research Park in East Orange County.
About the UCF Business Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 125 current clients) create over $200 million in annual total economic output and more than 1,600 new jobs with an average salary of $59,000. With nine facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. The UCFBIP will open its 10th incubator in Apopka in Spring 2012. Please visit www.incubator.ucf.eduand UCFBIP on Facebook, on www.facebook.com/ucf4bip.
NAI Realvest Completes Sale of 1.4 Acre Retail Site on West Colonial for new Autozone Store
ORLANDO, Fla. -- NAI Realvest recently negotiated the sale of a 1.4 acre retail site at 5370 W. Colonial Drive in Orlando for $610,000.
Paul P. Partyka, managing partner at NAI Realvest, who represented the seller, First Southern Bank of Orlando, said the property was purchased by Autozone Stores, Inc., based in Memphis.
Autozone will be constructing a stand-alone building on the site and moving from their current facility across the street.
This is the second transaction in nine months that Partyka handled working with First Southern to dispose of their foreclosed properties.
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 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.
Paul P. Partyka, managing partner at NAI Realvest, who represented the seller, First Southern Bank of Orlando, said the property was purchased by Autozone Stores, Inc., based in Memphis.
Autozone will be constructing a stand-alone building on the site and moving from their current facility across the street.
This is the second transaction in nine months that Partyka handled working with First Southern to dispose of their foreclosed properties.
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 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.
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