JUPITER / WINTER PARK, Fla. -- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated six leases for office/warehouse/flex space totaling 10,272 rentable square feet at Pennock Business Center, 711 Commerce Way in Jupiter.
Therese Taylor, broker associate at Hold-Thyssen, represented the Miami-based landlord GECMC 2005 and completed the following lease agreements:
Palm Beach Paw Spa renewed its lease of 4,500 square feet; Powerline of South Florida renewed its lease of 3,000 square feet; Christian Thomas Construction renewed two 693-square foot warehouses; An individual and LJW & Associates each leased a 693 square foot warehouse
Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide. The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.
Monday, July 20, 2015
Emerson International closes New Leases for office space totaling over 8,400 rentable square feet at three of its Local Office Developments
Altamonte Springs, Fla. -- Emerson International recently closed five leases for office space totaling more than 8,400 rentable square feet at its office centers in Longwood, Altamonte Springs and Winter Park.
Leasing Associate Zac Starkey represented Emerson in a lease agreement with The Alzheimer’s Association of Central Florida who expanded into more than 3,300 square feet in Sanlando Center II located at 2180 W. State Road 434 in Longwood.
Starkey also negotiated three lease agreements for Class A office space that totals more than 4,000 square feet at Emerson’s CenterPointe Office Park, 370 CenterPointe Circle in Altamonte Springs. New leases were signed with commercial contractor Wharton Smith, real estate broker / investor Mahendra Samaroo, and L’Eviel, a privately owned and operated massage and wellness firm serving Orange and Seminole counties since 2009.
In Winter Park, Starkey negotiated a lease with Tenant Attaining Balance, Ltd. a life coach and counseling firm that doubled its space now leasing 1,100 square feet in Emerson’s Louisiana Office Park located at 1177 Louisiana Ave.
Leasing Associate Zac Starkey represented Emerson in a lease agreement with The Alzheimer’s Association of Central Florida who expanded into more than 3,300 square feet in Sanlando Center II located at 2180 W. State Road 434 in Longwood.
Starkey also negotiated three lease agreements for Class A office space that totals more than 4,000 square feet at Emerson’s CenterPointe Office Park, 370 CenterPointe Circle in Altamonte Springs. New leases were signed with commercial contractor Wharton Smith, real estate broker / investor Mahendra Samaroo, and L’Eviel, a privately owned and operated massage and wellness firm serving Orange and Seminole counties since 2009.
In Winter Park, Starkey negotiated a lease with Tenant Attaining Balance, Ltd. a life coach and counseling firm that doubled its space now leasing 1,100 square feet in Emerson’s Louisiana Office Park located at 1177 Louisiana Ave.
Royal Oak Homes, AV Homes Integrate Operations
Orlando, Fla. --- Royal Oak Homes, which builds single-family homes in 17 Central Florida communities, is integrating its operations with AV Homes, the Arizona-based home builder active in the Osceola County communities of Solivita, Bellalago and Waterview.
Matt and Steve Orosz have been charged with leading the new AV Central Florida team and said the move will both expand opportunities and improve operational performance.
AV Homes is best known for their world renowned active adult community of Solivita which offers homes from the 150s. The community includes two popular golf courses and a thriving Village Center with three restaurants. AV Homes is also active and expanding in the Jacksonville area.
Royal Oak Homes focuses on single-family neighborhoods such as Deer Creek and Mallard Pond in St. Cloud and Emerald Lake Town Homes in Kissimmee, along with Vacation Homes at Marbella, Davenport Estates and Aldea Reserve in Davenport.
Orosz said both home builders focus on choice locations, quality living environments and affordably priced lifestyles.
“We are a good fit,” Matt Orosz said. “We have the same standards for quality and a similar approach to creating value for our home buyers,” he explained.
Orosz emphasized that the first change is aligning Realtor incentives offered by both home builders which encourage repeat business with up to 6 percent commissions.
“We don’t project many changes except that we will get even better,” Orosz said.
Matt and Steve Orosz have been charged with leading the new AV Central Florida team and said the move will both expand opportunities and improve operational performance.
AV Homes is best known for their world renowned active adult community of Solivita which offers homes from the 150s. The community includes two popular golf courses and a thriving Village Center with three restaurants. AV Homes is also active and expanding in the Jacksonville area.
Royal Oak Homes focuses on single-family neighborhoods such as Deer Creek and Mallard Pond in St. Cloud and Emerald Lake Town Homes in Kissimmee, along with Vacation Homes at Marbella, Davenport Estates and Aldea Reserve in Davenport.
Orosz said both home builders focus on choice locations, quality living environments and affordably priced lifestyles.
“We are a good fit,” Matt Orosz said. “We have the same standards for quality and a similar approach to creating value for our home buyers,” he explained.
Orosz emphasized that the first change is aligning Realtor incentives offered by both home builders which encourage repeat business with up to 6 percent commissions.
“We don’t project many changes except that we will get even better,” Orosz said.
New DiVosta Homes floor plan at Windsor Park at Abacoa offers “Live and Work” design for home, professional offices
Jupiter, Fla. --- DiVosta Homes has unveiled a new floor plan at Windsor Park at Abacoa that’s designed for professionals who want to work where they live.
Josh Graeve, vice president of sales for DiVosta Homes in South Florida, said the Cornerstone floor plan, a two-story home, offers one or two work spaces to accommodate professional offices for doctors, lawyers, accountants, planners, designers, specialty sales professionals and the like who want dedicated offices at their doorstep.
The Cornerstone offers 2,765 square feet of living space to 3,193 square feet, three bedrooms, two-and-a-half to four bathrooms, with one or two double-car garages, Graeve said.
But the key feature---one or two work spaces, at the buyer’s option---is drawing the most interest, Graeve said.
“In the past, one of the most attractive features of cities was the opportunity to open a retail business on the street level and live above it,” Graeve said. In the more exclusive enclaves, doctors and lawyers had the same options, with offices that were in their homes. For many families, this is such a marvelous option that it’s gaining popularity today,” he explained.
Work spaces have separate dedicated entrances and enough space to accommodate additional office staff, Graeve said.
Windsor Park at Abacoa is located at 1400 Indian Creek Parkway in Jupiter and features a resort-style pool, state-of-the-art fitness center, community room, activity center and catering kitchen for private gatherings.
Located just five minutes from Interstate 95, the community also is convenient to area beaches, The Gardens Mall and Palm Beach International Airport.
Josh Graeve, vice president of sales for DiVosta Homes in South Florida, said the Cornerstone floor plan, a two-story home, offers one or two work spaces to accommodate professional offices for doctors, lawyers, accountants, planners, designers, specialty sales professionals and the like who want dedicated offices at their doorstep.
The Cornerstone offers 2,765 square feet of living space to 3,193 square feet, three bedrooms, two-and-a-half to four bathrooms, with one or two double-car garages, Graeve said.
But the key feature---one or two work spaces, at the buyer’s option---is drawing the most interest, Graeve said.
“In the past, one of the most attractive features of cities was the opportunity to open a retail business on the street level and live above it,” Graeve said. In the more exclusive enclaves, doctors and lawyers had the same options, with offices that were in their homes. For many families, this is such a marvelous option that it’s gaining popularity today,” he explained.
Work spaces have separate dedicated entrances and enough space to accommodate additional office staff, Graeve said.
Windsor Park at Abacoa is located at 1400 Indian Creek Parkway in Jupiter and features a resort-style pool, state-of-the-art fitness center, community room, activity center and catering kitchen for private gatherings.
Located just five minutes from Interstate 95, the community also is convenient to area beaches, The Gardens Mall and Palm Beach International Airport.
NAI Realvest Brokers Sale of Industrial Condo for New Orlando Location of Lakeside Occupational Medical Centers
ORLANDO, Fla. --- NAI Realvest recently negotiated the sale of an industrial condo with 2,907 useable square feet at Sunport Commerce Center located off of Sand Lake Road near Orlando International Airport at 8010 Sunport Drive.
NAI Realvest broker associate Drew Saphos, CCIM, principal Christie Alexander, and chairman George Livingston brokered the transaction. The seller was Miami-based Orlando Sunport FlexxSpace Ltd.
A Largo Florida corporation and division of Lakeside Occupational Medical Centers, 8010 Sunport Dr #116 LLC, purchased the property for $218,025.00 to open a new Orlando location of Lakeside Occupational Medical Centers.
NAI Realvest broker associate Drew Saphos, CCIM, principal Christie Alexander, and chairman George Livingston brokered the transaction. The seller was Miami-based Orlando Sunport FlexxSpace Ltd.
A Largo Florida corporation and division of Lakeside Occupational Medical Centers, 8010 Sunport Dr #116 LLC, purchased the property for $218,025.00 to open a new Orlando location of Lakeside Occupational Medical Centers.
Royal Oak Homes starts development of Ardmore in Minneola
ORLANDO, Fla. -- Royal Oak Homes, based in Orlando’s Baldwin Park, has started development of its newest single-family community of Ardmore Reserve, located in Minneola off Fosgate Rd.
Matt Orosz, co-president of Royal Oak Homes said there are 675 home sites at Ardmore with 146 homes sites in the first phase.
New three, four and five bedroom homes at Ardmore Reserve ranging from 1817 square feet of living area to 3,200 square feet will be priced from the low $200s.
Presales and construction of three models will get underway in September, Orosz said.
Among the amenities planned at Ardmore are a swimming pool and a community clubhouse, Orosz said.
Royal Oak Homes is a third-generation home builder whose track record boasts more than 14,000 new homes built in Central Florida over the past 30 years under the Cambridge Homes brand, one of the region’s most successful home builders in the 1980s and 1990s. Founded in 2011, Royal Oak Homes is rapidly becoming one of the largest and most active home builders in the Central Florida area, building in 17 active communities in the region.
Matt Orosz, co-president of Royal Oak Homes said there are 675 home sites at Ardmore with 146 homes sites in the first phase.
New three, four and five bedroom homes at Ardmore Reserve ranging from 1817 square feet of living area to 3,200 square feet will be priced from the low $200s.
Presales and construction of three models will get underway in September, Orosz said.
Among the amenities planned at Ardmore are a swimming pool and a community clubhouse, Orosz said.
Royal Oak Homes is a third-generation home builder whose track record boasts more than 14,000 new homes built in Central Florida over the past 30 years under the Cambridge Homes brand, one of the region’s most successful home builders in the 1980s and 1990s. Founded in 2011, Royal Oak Homes is rapidly becoming one of the largest and most active home builders in the Central Florida area, building in 17 active communities in the region.
Friday, July 10, 2015
NAI Realvest Completes Office Lease Agreements with USTA and Sub-Zero boosting occupancy to 100% at Citadel III in the Airport Submarket
ORLANDO, Fla. — NAI Realvest recently completed two new lease agreements totaling 9,410 rentable square feet on the sixth floor of the Citadel III at 5950 Hazeltine National Drive in Southeast Orlando.
Senior Broker Associate Mary Frances West CCIM and Matt Cichocki, Principal negotiated both transactions representing Citadel Partners, Ltd. of Oakland, Fla., landlord of the 139,000 square foot office building which is now 100 percent leased.
West negotiated a long-term lease with Sub-Zero Group Southeast, Inc. for Suite 670 with 4,450 square feet. The new tenant, a leading manufacturer of luxury appliances, was represented by Craig Castor of Cresa Orlando and Tim Rikkers of Cresa Wisconsin.
United States Tennis Association Incorporated signed a short-term lease for Suite 660 with 4,960 square feet to serve as a temporary location while their $60 million USTA Training Center is being constructed at Lake Nona. Jeff Patterson of Equity, Inc. represented the White Plains, NY based-tenant.
“The building owner’s commitment to maintaining a first class operation has enabled us to achieve a consistent high-occupancy level at Citadel III,” said West.
Senior Broker Associate Mary Frances West CCIM and Matt Cichocki, Principal negotiated both transactions representing Citadel Partners, Ltd. of Oakland, Fla., landlord of the 139,000 square foot office building which is now 100 percent leased.
West negotiated a long-term lease with Sub-Zero Group Southeast, Inc. for Suite 670 with 4,450 square feet. The new tenant, a leading manufacturer of luxury appliances, was represented by Craig Castor of Cresa Orlando and Tim Rikkers of Cresa Wisconsin.
United States Tennis Association Incorporated signed a short-term lease for Suite 660 with 4,960 square feet to serve as a temporary location while their $60 million USTA Training Center is being constructed at Lake Nona. Jeff Patterson of Equity, Inc. represented the White Plains, NY based-tenant.
“The building owner’s commitment to maintaining a first class operation has enabled us to achieve a consistent high-occupancy level at Citadel III,” said West.
NAI Realvest Retail Team Negotiates Lease of Sanford Restaurant Facility for New Mexican Grill Opening in August
ORLANDO, Fla. – NAI Realvest recently completed a long-term lease agreement for a 6,313 square foot restaurant facility – the former Sun Valley Buffet -- located at 4520 W. SR 46 in Sanford.
NAI Realvest Retail Team of Matt Cichocki, Kevin O’Connor, and Mitch Heidrich, negotiated the transaction on behalf of the local landlord Tin W. Wong.
The new tenant, El Paso Mexican Grill, Inc. plans to open a restaurant at the site by August.
NAI Realvest Retail Team of Matt Cichocki, Kevin O’Connor, and Mitch Heidrich, negotiated the transaction on behalf of the local landlord Tin W. Wong.
The new tenant, El Paso Mexican Grill, Inc. plans to open a restaurant at the site by August.
Thursday, July 9, 2015
NAI Realvest Negotiates New Long-term Lease for Compass Pointe Healthcare Systems Relocating to Class A Office at Colonial Town Park in Lake Mary
ORLANDO, Fla. – The Partyka Group at NAI Realvest recently negotiated a long-term lease agreement for 3,961 rentable square feet of Class A office space at 400 Colonial Center Parkway in Lake Mary.
NAI Realvest Partner Paul P. Partyka and Associate Juan Jimenez negotiated the transaction on behalf of Tenant Compass Pointe Healthcare Systems.
The landlord, 400 Townpark LLC based in Johns Creek, Ga. was represented in the transaction by Greg Morrison of Morrison Commercial Real Estate.
Compass Pointe Healthcare System, a retirement and assisted living community organization, is moving its headquarters from a location in Volusia County to this more centralized and efficient Seminole County location, Partyka said.
NAI Realvest Partner Paul P. Partyka and Associate Juan Jimenez negotiated the transaction on behalf of Tenant Compass Pointe Healthcare Systems.
The landlord, 400 Townpark LLC based in Johns Creek, Ga. was represented in the transaction by Greg Morrison of Morrison Commercial Real Estate.
Compass Pointe Healthcare System, a retirement and assisted living community organization, is moving its headquarters from a location in Volusia County to this more centralized and efficient Seminole County location, Partyka said.
$5 Million+ Renovation Underway at Oldest Incubator in the UCF Business Incubation Program in Central Fla. Research Park
ORLANDO, Fla. – Construction is underway on a $5 Million plus renovation project of the 50,000 square feet UCF Business Incubator in the Central Florida Research Park.
Carol Ann Dykes, site manager for the Research Park incubator, said the facility, established in 1999, is getting a major upgrade and has undergone six months of a 13-month large-scale renovation project slated for completion in February of next year.
“These facilities are some of the older buildings in Research Park and most of the life safety, telecommunications, electrical, lighting and HVAC systems are outdated. In addition, the internal configuration of the buildings has not been well suited for use as an incubator and we now have the opportunity to fix that.” Dykes said.
The work also includes the build-out of five much needed chemical wet labs and additional work spaces for companies that need to set up assembly and/or workstations.
“We are fortunate to have an amazing team from UCF Facilities as well as the general contractor Wharton Smith. Everyone has gone above and beyond to make this project as smooth as possible for our clients who are occupying the facilities during the renovations.”
Currently the Research Park incubator houses over 45 early stage and Soft Landing technology client companies.
Carol Ann Dykes, site manager for the Research Park incubator, said the facility, established in 1999, is getting a major upgrade and has undergone six months of a 13-month large-scale renovation project slated for completion in February of next year.
“These facilities are some of the older buildings in Research Park and most of the life safety, telecommunications, electrical, lighting and HVAC systems are outdated. In addition, the internal configuration of the buildings has not been well suited for use as an incubator and we now have the opportunity to fix that.” Dykes said.
The work also includes the build-out of five much needed chemical wet labs and additional work spaces for companies that need to set up assembly and/or workstations.
“We are fortunate to have an amazing team from UCF Facilities as well as the general contractor Wharton Smith. Everyone has gone above and beyond to make this project as smooth as possible for our clients who are occupying the facilities during the renovations.”
Currently the Research Park incubator houses over 45 early stage and Soft Landing technology client companies.
President of Candace Crowe Design to Make Presentations at a Major International Conference in India
ORLANDO, Fla. -- Candace Crowe, president of Candace Crowe Design, technology-based firm that specializes in marketing services for plastic and reconstructive surgery practices throughout the U.S., was honored with an invitation to participate as a faculty member in a major international aesthetic surgery conference in New Delhi India.
Ms. Crowe, who is regularly an invited speaker and panelist at many top U.S. and international conferences for plastic surgeons and the aesthetic industry, will make three presentations and teach a “masters class” in marketing at the Aesthetics 2015 Learning from Each Other, August 28-30 at India Habitat Centre in New Delhi.
With more than three decades of marketing experience, Ms. Crowe has specialized in helping plastic surgeons market their skills since 1999 and has worked with more than 200 clients in the U.S., Canada and Mexico.
Ms. Crowe is the only marketing expert invited to present at this academic conference.
The focus of the conference in New Delhi – with highly interactive sessions to learn from experts in the specialty – is to create awareness about the interdisciplinary approach to the aesthetic practices and provide a holistic approach to management.
Candace Crowe Design is a client company with the UCF Business Incubation Program at the Central Florida Research Park in East Orange County.
Ms. Crowe, who is regularly an invited speaker and panelist at many top U.S. and international conferences for plastic surgeons and the aesthetic industry, will make three presentations and teach a “masters class” in marketing at the Aesthetics 2015 Learning from Each Other, August 28-30 at India Habitat Centre in New Delhi.
With more than three decades of marketing experience, Ms. Crowe has specialized in helping plastic surgeons market their skills since 1999 and has worked with more than 200 clients in the U.S., Canada and Mexico.
Ms. Crowe is the only marketing expert invited to present at this academic conference.
The focus of the conference in New Delhi – with highly interactive sessions to learn from experts in the specialty – is to create awareness about the interdisciplinary approach to the aesthetic practices and provide a holistic approach to management.
Candace Crowe Design is a client company with the UCF Business Incubation Program at the Central Florida Research Park in East Orange County.
Tuesday, July 7, 2015
Fairsail, one of Fastest-Growing Tech Companies in U.K., opens new Orlando Office
ORLANDO, Fla. --- Fairsail, which helps mid-sized, multinational companies acquire, engage, manage and develop their people through global, easy-to-use cloud-based HR software, has established their North American subsidiary at the University of Central Florida’s Business Incubator in the Central Florida Research Park.
Fairsail recently joined the incubation program’s Soft Landing program, which provides flexible office space, business contacts and other services for a limited period of time to companies from outside Metro Orlando wanting to establish operations in Orlando to grow their US business.
“Fairsail got their start in a university-based incubator in Reading, U.K,” stated Swinda Salazar-Piquemal, President of the Americas. “It was natural for us to look for a similar incubator to support our growing US-based operations.”
Fairsail, which recently reported annual year-to-date growth of 150 percent and a five-year growth rate of more than 1,000 percent, was named by Deloitte as one of the 50 fastest-growing technology companies in the U.K in 2014. It also has a presence on the West Coast in San Francisco.
Fairsail recently joined the incubation program’s Soft Landing program, which provides flexible office space, business contacts and other services for a limited period of time to companies from outside Metro Orlando wanting to establish operations in Orlando to grow their US business.
“Fairsail got their start in a university-based incubator in Reading, U.K,” stated Swinda Salazar-Piquemal, President of the Americas. “It was natural for us to look for a similar incubator to support our growing US-based operations.”
Fairsail, which recently reported annual year-to-date growth of 150 percent and a five-year growth rate of more than 1,000 percent, was named by Deloitte as one of the 50 fastest-growing technology companies in the U.K in 2014. It also has a presence on the West Coast in San Francisco.
Thursday, July 2, 2015
NAI Realvest Negotiates $790,000 Sale of Seven Acre Multifamily Development Site in Casselberry
ORLANDO, Fla. — NAI Realvest recently negotiated a $790,000 sale price for a 7.14 acre multifamily site across from Legacy Park on Seminola Blvd in Casselberry, FL.
Jason G. Toll, director of industrial services at NAI Realvest, negotiated the transaction on behalf of the seller Lake Helen based Casselberry Investment Properties, LTD..
Orlando-based RM Plus is the buyer who plans to build garden style homes on the site. Nohora Gomez of Weichert Realtors represented the buyer in the transaction.
Jason G. Toll, director of industrial services at NAI Realvest, negotiated the transaction on behalf of the seller Lake Helen based Casselberry Investment Properties, LTD..
Orlando-based RM Plus is the buyer who plans to build garden style homes on the site. Nohora Gomez of Weichert Realtors represented the buyer in the transaction.
Ryland Homes Opens Exclusive St. David’s at Windsor Plantation, gated phase for 22 Single-Family Homes priced from mid-$240s
Myrtle Beach, S.C. --- Ryland Homes has opened its most exclusive new neighborhood at Windsor Plantation in Myrtle Beach with 22 private home sites for single-family luxury homes priced from the $240s.
Donald T. McDonough, division president of Ryland Homes in the Charleston and Myrtle Beach region, said the gated St. David’s neighborhood, located off Devon Estate Avenue at Highway 544 in Myrtle Beach, is Ryland’s final phase at the popular Windsor Plantation community.
“All 22 homesites front on a lush, protected wooded area or the largest pond in the community,” McDonough said.
Six distinct floor plans are available at St. David’s that range in size from 1,800 square feet of living space to 3,300 square feet.
The three and four-bedroom luxury homes offer two or three baths, optional bonus rooms or sunrooms and two-car garages, McDonough added.
New luxury homes at St. David’s are priced from $241,000 to $272,000.
McDonough said Ryland Homes has already started construction of seven new homes at St. David’s.
“The first two new homes will be ready for move in by September,” McDonough said.
St. David’s features a resort-style swimming pool, hot tub, and a community clubhouse with a state-of-the-art exercise facility.
New home sales associates Ed Kaminski and Trisha Whitaker are conducting scheduled tours of St. David’s daily. For more information or to schedule a look at the luxury community, telephone 843-215-7750.
Donald T. McDonough, division president of Ryland Homes in the Charleston and Myrtle Beach region, said the gated St. David’s neighborhood, located off Devon Estate Avenue at Highway 544 in Myrtle Beach, is Ryland’s final phase at the popular Windsor Plantation community.
“All 22 homesites front on a lush, protected wooded area or the largest pond in the community,” McDonough said.
Six distinct floor plans are available at St. David’s that range in size from 1,800 square feet of living space to 3,300 square feet.
The three and four-bedroom luxury homes offer two or three baths, optional bonus rooms or sunrooms and two-car garages, McDonough added.
New luxury homes at St. David’s are priced from $241,000 to $272,000.
McDonough said Ryland Homes has already started construction of seven new homes at St. David’s.
“The first two new homes will be ready for move in by September,” McDonough said.
St. David’s features a resort-style swimming pool, hot tub, and a community clubhouse with a state-of-the-art exercise facility.
New home sales associates Ed Kaminski and Trisha Whitaker are conducting scheduled tours of St. David’s daily. For more information or to schedule a look at the luxury community, telephone 843-215-7750.
Berkadia negotiates $4 million sale of apartment community in Mobile
Birmingham / Mobile, Ala. – Berkadia, one of the nation’s largest and most active multifamily investment sales companies, recently negotiated the $4 Million sale of Woodland Square, a 128-unit apartment community on Sage Ave. and Airport Blvd. in Mobile.
Josh Jacobs, investment sales associate at Berkadia along with partner David Oakley, negotiated the transaction representing an Alabama-based seller.
Jacobs said the property, which new ownership is rebranding as “Midtown Sage Apartments,” was built in 1974 and renovated in 2013-2014.
The California-based purchaser assumed the existing Fannie Mae loan on the property.
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.
Josh Jacobs, investment sales associate at Berkadia along with partner David Oakley, negotiated the transaction representing an Alabama-based seller.
Jacobs said the property, which new ownership is rebranding as “Midtown Sage Apartments,” was built in 1974 and renovated in 2013-2014.
The California-based purchaser assumed the existing Fannie Mae loan on the property.
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.
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