Wednesday, July 18, 2012

NAI Realvest Negotiates Two New Office Lease Agreements at The Citadel in East Orlando

ORLANDO, Fla. – NAI Realvest recently completed two new lease agreements totaling 4,005 square feet of office space at The Citadel III, 5950 Hazeltine National Drive in southeast Orlando.

The NAI Realvest leasing team of Senior Associate Mary Frances West, CCIM, Matt Cichocki and Kevin O’Connor principals at NAI Realvest, negotiated both transactions representing the landlord, Citadel Partners, LTD based in The Villages, Fla.

The local tenants are Hope for Haiti Children’s Center, Inc. d/b/a Danita’s Children, who leased suite 510 with 1,010 square feet and Cargo Aircraft Management, Inc. who signed a lease for suite 350 with 2,995 square feet. Joe Hills of Coughlin Commercial represented Cargo Aircraft.

NAI Realvest is the leasing and management representative of The Citadel and West leads the leasing team.

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.

UCF’s Dr. Tom O’Neal to Teach Entrepreneurs at Princess Sumaya University in Jordan, May Form Partnership with UCF

ORLANDO, Fla., -- Dr. Tom O’Neal, founder and executive director of the University of Central Florida Business Incubation Program, and one of the nation’s leading experts on university-based business incubation, job creation and local economic development, will travel to Jordan in the fall to teach a class on entrepreneurism at Princess Sumaya University for Technology in Jordan.

Dr. O’Neal, president of the Florida Business Incubation Assn. (FBIA), executive director of the Florida Economic Gardening Institute and associate vice president for research and commercialization at UCF, recently visited Princess Sumaya University to tour the technology center’s incubation facilities and talk with students and faculty about ways to commercialize technology innovations and create a culture of entrepreneurship.

“Like many countries, Jordan is trying to jump-start their economy and provide opportunities for bright young innovators,” Dr. O’Neal said. “They are looking at ways to commercialize their technology,” he said.

University officials are looking at ways to promote entrepreneurship in a country that traditionally lags behind places like the U.S. in terms of a robust entrepreneurial culture, he explained.

Dr. O’Neal said officials at Princess Sumaya University are interested in forming a partnership with the University of Central Florida.

“They have an incubator,” Dr. O’Neal said. “The infrastructure in Jordan is quite different from what we have here in the U.S., and they would like to develop a soft landing program with us so that some of their companies can come here to start developing markets in North America,” he said.

Dr. O’Neal is already pioneering a soft landing program at the UCF Business Incubator in Kissimmee, providing easier access to international companies who want to enter U.S. markets.

Dr. O’Neal plans to return to Princess Sumaya University in September to teach the class in entrepreneurism. He said he hopes to formalize a soft landing program with Princess Sumaya University here in Central Florida before the end of the year.

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 134 current clients) create over $363 million in annual total economic output and more than 3,120 new jobs (taking direct and indirect and induced impact into account) with an average salary of $59,000. With ten facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development among the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Apopka, 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. For more information about the Program and its clients and graduates, please visit www.incubator.ucf.edu and UCFBIP on Facebook, on www.facebook.com/ucf4bip.

About the Florida Business Incubation Association (FBIA)
Since its founding in 1998, the Florida Business Incubation Association has held bi-annual statewide meetings and been a unified voice for all the Florida incubators. FBIA plays an integral role in developing and/or identifying programs that help provide greater service to incubator clients. FBIA teams up annually with the National Business Incubation Association (NBIA) to award conference scholarship opportunities to Florida incubation professionals. Please visit FBIA on www.fbiaonline.org or on Facebook on www.facebook.com/FLBIA

Stonegate Golf Club at Solivita Pros Host Golf Clinic to Raise More than $500 for the Fairways for Wounded Warriors Project

KISSIMMEE, Fla. --- Stonegate Golf Club at Solivita Head Golf Professional Chris Russell and Assistant Golf Professional Claude Eastwood hosted a one-hour golf clinic recently to raise more than $500 for the Fairways for Wounded Warriors.

Fairways for Wounded Warriors is a Central Florida group that helps wounded war veterans recover by golfing on Central Florida courses.

Russell said the clinic---on the full swing---drew 44 participants.

“We give clinics all the time and we have a very active golf community at Stonegate Golf Club,” Russell explained.

“The Fairways for Wounded Warriors project is really close to all our hearts and we were delighted to raise money for them,” he said.

Winston James Construction starts four bedroom luxury home at Island Club in Lake Mary

Altamonte Springs, Fla. --- Winston James Construction Co. based in South Daytona, in partnership with Incentive Properties, has started construction of a four bedroom, three-and-a-half bath luxury home at the Island Club a gated residential community located on AAA Drive in Lake Mary.

Winston Schwartz, president of Winston James Construction, said the luxury home will open in the fall.

The 3,280 square foot home will be priced at $499,900.

Incentive Properties of Altamonte Springs is marketing the luxury home, Schwartz said.

Hendricks & Partners Negotiates $15.9 Million Sale of Lexington Park Apartments in Orlando

ORLANDO, Fla. --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the Lexington Park Apartments on Westgate Drive in Orlando for $15.9 million.

Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale of the 252-unit apartment property with associate partner Hal Warren in Orlando and senior investment advisor Jason Stanton in the firm’s Tampa office.

Hendricks & Partners represented the institutional seller. The buyer was not disclosed.

Built in 1988, the three-story garden style apartments total 210,812 square feet of rentable living space with one and two bedroom units and an average monthly rent of $716.

Stonegate Golf Club at Solivita Offers Summer Special: Round of Golf plus Lunch for $39.95

KISSIMMEE, Fla. --- Stonegate Golf Club at Solivita in Kissimmee is offering a whale of a deal for summer golfers: a round of golf on either of two championship courses plus lunch at The Grille at Stonegate, all for just $39.95.

Christopher Russell, PGA, TPI, head golf professional at Stonegate Golf Club at Solivita, said both courses are in fine shape for summer play.

Designer Ron Garl laid out The Oaks at Stonegate golf course at over 7,000 yards from the back tees for big hitters, and ingeniously mapped out three more forgiving sets of tees. With water on eight holes and free-forming collars around the greens, there's a definite emphasis on the short game at The Oaks.

At The Cypress, redesigned by Clifton, Ezell & Clifton, gently rolling fairways are flanked by century-old cypress trees. The greens have been expanded to feature undulations that accommodate a faster roll. Some greens have been bulk-headed for a truly spectacular visual affect. Cart paths now run the length of the course, tee to green, and water comes into play on 13 holes.

“I think we offer the best golf play in Central Florida and the Stonegate Grille is worth the price of admission all by itself,” Russell said.

The Grille Restaurant at Stonegate Golf Club

For more details, or to make reservations, contact the Stonegate professional staff at 863-427-7150.

Cuhaci & Peterson Designing Mills Park Mixed-Use Development on U.S. 17-92 at Virginia Ave. in Orlando

ORLANDO, Fla. – Cuhaci & Peterson Architects, based in Orlando’s Baldwin Park, is working on major design work for the retail portion of the long-anticipated Mills Park mixed-use development at the site of the former landmark Mills & Nebraska Lumber Company on U.S. 17-92 and Virginia Ave. near Loch Haven Park.

Lonnie Peterson, chairman of Cuhaci & Peterson Architects, said Mills Park will include 50,000 square feet of retail space with upscale apartments.

Park Square Homes Names Four New Sales Associates

ORLANDO, Fla. --- Park Square Homes has appointed Jose Perez, Teresa Valdes, Karen Burk and Megan Fussell new home sales consultants.

Vishaal Gupta, president and chief operating officer at Park Square Homes, said Perez, who graduated from the Mid-Florida Technical Institute, has 30 years of experience in home sales.

Valdes, who has more than one year of experience, formerly served as a sales associate at DeLuca Homes in Orlando.

Burk is a graduate of Florida State University who has 35 years of experience in new home sales.

Fussell, a graduate of the University of Florida with a B.S. Degree in Public Relations, has more than 12 years of experience in sales and marketing.

NAI Realvest negotiates office expansion lease to Winter Springs Title Company at the Villaggio Business Center on SR 434 East

MAITLAND, Fla. — NAI Realvest recently negotiated an expansion lease agreement for 1,800 square feet of office space in Villagio Business Center of Winter Springs at 853 SR 434 East.

Paul P. Partyka, principal and managing partner at NAI Realvest, brokered the transaction on behalf of Hallandale-based BRI 1813 Villaggio LLC, the landlord at the 50,000+ square foot retail/office center.

Winter Springs-based Secure Title, LLC, now leasing a total of 1,800 square feet increased its occupancy at Villagio Business Center by 50 percent to accommodate its business growth.

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.