Hendricks-Berkadia Negotiates $21.2 Million Sale of 420 Unit Park Place Luxury Apartment Community in Port Richey

TAMPA, Fla. --- Hendricks-Berkadia Apartment Real Estate Advisors, which ranks as one of the leading multi-family investment banking and research companies in the nation, recently negotiated the sale of the 420-unit Park Place apartment community at 9310 Valley View Lane in Port Richey off U.S. 19. Situated on 23.51 acres, amenities include two pools, Jacuzzi, tennis court, fitness center, two clubhouses, barbeque grills, laundry facilities, and car-care center. Jason Stanton, vice president based in Tampa, negotiated the sale with associate partner Hal Warren of the firm’s Orlando office, and Cole Whitaker, partner who heads Hendricks-Berkadia’s southeast region. Hendricks-Berkadia represented the sellers, Trail Port Richey, LLC and CC Port Richey Apartments, LLC, a partnership of Tom Cabrerizo and Maurice Cayon. Stanton said the investment property which was built in 1985, benefits from more than $1 million in renovations and improvements over the past three years and has the potential to increase future revenues through a value add program, increasing occupancy to market levels. Dorvidor Management Company, LLC paid $21,200,000 for the property.

Park Square Homes Names New Construction Superintendent

ORLANDO, Fla. – Park Square Homes has named Chris Shrimplin construction superintendent. Shrimplin, who has five years of experience in construction was formerly an area manager at Spraggins, Inc. a building products and services firm in Orlando and was also formerly a project manager for Cambridge Homes in Central Florida. In his new role, Shrimplin will oversee homebuilding activities for Park Square’s community of Waters Edge, according to Anthony Rouhana, sales and marketing coordinator for Park Square Homes.

NAI Realvest Names Ryan Beerbower broker associate

ORLANDO, Fla. -- NAI Realvest one of central Florida’s largest commercial real estate services companies and developers of industrial facilities, recently named Ryan Beerbower broker associate. Robin L. Webb, CCIM, managing director at NAI Realvest, said Beerbower has 15 years of experience in commercial property development, project management and construction. Beerbower holds a Bachelor of Science in Building Construction Management from University of Florida and he received his MBA from University of Central Florida. Webb said Beerbower will join the Hankins Group Investment Team with NAI Realvest principal Tom Hankins and will be focusing on sale of and investment in office properties in the Maitland and Winter Park areas.

NAI Realvest Negotiates $1.375 Million sale of Two Industrial Buildings totaling 25,200 square feet at Poinciana CommerCenter

ORLANDO, Fla. – NAI Realvest recently completed the sale of two buildings totaling 25,200 square feet of industrial space for $1,375,000.00 at Poinciana CommerCenter West in Kissimmee. Michael Heidrich, principal at NAI Realvest, negotiated the transactions representing the seller, New York, N.Y.-based Poinciana CommerCenter West, LLC. Deeja Foods, Inc. of Kissimmee, who leased two of the largest spaces at Poinciana CommerCenter West, exercised their option to purchase both buildings – 1770 Business Center Lane with 13,600 square feet for $725,000.00 and 1780 Business Center Lane with 11,600 square feet for $650,000.00.

NAI Realvest Negotiates Industrial, Office, Retail Leases in Longwood, Sanford and College Park area of Orlando

ORLANDO, Fla. – NAI Realvest recently negotiated three lease agreements in Longwood, Sanford and the College Park area of Orlando that total 17,945 square feet. Michael Heidrich, principal at NAI Realvest brokered a lease renewal for 15,045 square feet of industrial/flex space at 260 Hunt Park Cove off Florida Central Parkway and SR 434 in Longwood. MasTec North America, Inc., based in Coral Gables is the tenant and Dunhill Investments, Inc. of Longwood is the landlord. Heidrich also negotiated a new lease for 2,000 square feet of office space at the Brio Business Center, 1205 W. Airport Blvd. in Sanford, representing the Winter Park-based landlord Brio, LLC. The tenant, which plans to use the space for Church offices is G3 Church-Sanford Inc. represented in the transaction by Thomas B. Ball III. At 4315 Edgewater Drive in Orlando’s College Park, Heidrich completed a new retail lease agreement for 900 square feet. The tenant Ernest Chilas of Clermont leased the space to open a resale store. Stout Real Estate LLC is the landlord.

NAI Realvest Completes Two Lease Agreements totaling 5,340 square feet of Office Space at University Court in East Orlando

ORLANDO, Fla. --- NAI Realvest recently negotiated two office lease agreements totaling 5,340 square feet at University Court located at 3361 Rouse Rd. off of University Blvd. in east Orlando. Senior Broker Associate Mary Frances West, CCIM and Associate Ginger Vetter represented the landlord at University Court – RREF Interchange-FL, Rouse, LLC of Daytona Beach – in a new lease agreement for Suite 200 with 2,670 square feet. The tenant is Playoff Technologies, LLC. Veraxx Engineering Corporation, a firm specializing in software development, flight simulation and avionics systems, renewed its lease of 2,670 square feet in Suite 245 at University Court.