Lincoln Property Company Closes $1 Million Sale of 3-Building Industrial Campus in DeLeon Springs, West Volusia County, Fla.

Orlando / DeLeon Springs, Fla. – Lincoln Property Company recently completed the

$1 Million sale of a three-building industrial campus on 7.8 acres located off of U.S. Highway 17/92 at 5797 Lake Winona Rd. in DeLeon Springs just north of DeLand.    

Sean DuPree, CCIM, broker at Lincoln Property Company, listed the property totaling 46,890 square feet, and negotiated the transaction representing the seller, Orlando-based developer Robert Rader c/o Kirkland Development.   

Temme Berkstresser d/b/a Berky Boats, purchased the property to use the largest building as a boat manufacturing facility which was the properties previous use. The 22,090 square foot building includes 2,250± square feet of office space.

The three buildings constructed in 1986 and 1987 have excellent manufacturing facility features including grade level and dock-high overhead doors, exhaust fans, excess land for additional storage which is rare to find.          

The two smaller buildings each containing 12,400 rentable square feet are leased to AMB Sales and Central Florida Car Haulers.  One includes 2,250± square feet of office space and the other is 100 percent warehouse. The buyer will keep both leases in place. 

Buyer saw potential in the property due to the property’s previous boat manufacturing use, excess land for growth and as a great investment due to the two tenants in place, strong industrial market fueled by low vacancy rates and new residential/retail in the West Volusia market, DuPree said. 

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About Lincoln Property Company

Lincoln Property Company is a full service commercial real estate firm offering a comprehensive suite of value-added services for clients.  With a substantial local presence and history in the Southeast region, the company is ideally situated to provide superior service, which comes from striving to understand the goals and challenges of tenants, investors, lenders and owners of commercial real estate.  

Construction of 289-Unit Apartment Community at The Junction Gets Underway with DeBary and West Volusia Community Leaders

DeBary, Fla. – An enthusiastic group of DeBary and West Volusia community leaders joined the staffs of Charles Wayne Properties and Integra Land Company earlier this month to officially break ground on Integra 289 Exchange at The Junction.  The luxury apartment community is the first phase of DeBary’s long-awaited town center adjacent to the north leg of the SunRail route.

 David McDaniel, founder and principal of Integra Land Co., which is well-known in the Volusia area for quality apartment communities, said not only is this his company’s first transit-oriented project,  “It will also augment the existing Gemini Springs trail system in DeBary that will wind through the landscape of the apartment community that supports the natural environment.”  CPH Engineers and Architect ACI Consultants are on the Integra team.

Longtime DeBary Mayor Bob Garcia said he was privileged to lead the City Council who worked tirelessly with Costa and Charles Wayne principals throughout the last 15 years because it serves as the foundation for DeBary’s future growth.   

(LtoR) Ted Lightman, Principal CWP; West Costa,

 investor; Charles Lichtigman, Chairman CWP; Erica

 Benfield DeBary City Council; Mayor Bob Garcia;

 Steve Costa, Principal CWP; Mayor-Elect Karen Chasez;

 Phyllis Butlien DeBary City Council Member, David

 McDaniel, CEO Integra; Jeff Allebach City of Orange City;

 Bill Crippin City of Orange City

Incoming Mayor Karen Chasez said “These 289 apartments first and foremost fill an essential niche in the DeBary area and the retail that follows will be a welcome addition for several other surrounding residential developments in southern DeBary as well.”

Shari Simmans, Executive Director of the West Volusia Regional Chamber, said “The diversity of the residential and commercial buildings will create a real hometown center that we have been waiting for in DeBary.”

Steve Costa, principal at Charles Wayne Properties, is in discussions with national grocery chains and a variety of commercial users to complete The Junction’s mix of office, retail, entertainment and residential enhanced by natural amenities. 

“This is a fantastic opportunity for investors, developers, professional firms, and retailers.   The several nearby residential developments underway provide a growing demand for retail, medical, and office space,” Costa said.

Stuart, Fla.-based Seacoast Bank is handling financing for Charles Wayne Properties’ development that will feature 104,000 square feet of retail space including a planned 46,000 square foot major grocery store, as well as restaurants and offices.  Costa is talking to selected builders for the project’s next phase – 150 single family detached homes.

                                                   

The high-profile location of The Junction affords easy access to major arterial highways and international airports via U.S. 17-92, Interstate 4 and SR 417.  The property is surrounded by state parks, with interconnecting trails that extend from Saint Augustine to Saint Petersburg.  “All this, and it’s just 5 minutes north of the Orlando MSA’s booming Lake Mary office and retail corridor,” Costa said.

Even City Council of Orange City representatives Jeff Allebach and Bill Crippin attended the event to voice their City’s support because “This will help more people ride the SunRail which should in turn help Orange City get a station too,” said Allebach, “The development is a great complement that will support and increase ‘ecotourism’ – travel to Southwest Volusia’s trail system, parks and the area’s natural habitats,” according to Crippin.  

Charles Wayne Properties is an industry leader with a 40-year track record as an investor and developer throughout the Southeast having developed and managed grocery anchored shopping centers, freestanding retail facilities, and office and industrial parks.  Since 1978 the firm has worked with local and national brands in various capacities including brokerage, development, investment sales, tenant representation, property management and receivership. Visit www.charleswayne.com for more information.

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Parkside Place-Seminole County’s Largest Development Unanimously Approved with Significant Density Increases and Rezoning

SANFORD / orlando, Fla. --- Palmeira Holdings LLC, who put the former Flea World site on U.S. 17-92 in Sanford under contract earlier this year, received unanimous approval for Parkside Place by the Seminole County commission on December 11th.  The new development plan increased density based on a visionary live, work, play and shop community concept called “Parkside Place.” 

Parkside Place aerial view

Jon D. Walls, RLA, Project Manager with NAI Realvest for the Florida-based Palmeira Holdings, said density increases detailed in the new Parkside Place development plan are significantly higher than the original Reagan Center project.  

The mixed-use project includes 1,682,876 square feet of office/commercial, a 250-room hotel, and a 312-bed assisted living facility.   The new plan includes 5,012 apartment units, of which 752 units are planned for student housing and 184 units for independent living. 

Palmeria’s team included planners/civil engineers S.K Consortium for the PUD planning, Traffic Planning and Design of Maitland for traffic studies, HHCP Architects for conceptual master planning, and movmi Shared Transportation Services for a parking study. Hal Kantor, attorney with Lowndes, Drosdick, Doster, Kantor & Reed, P.A., handled negotiations with the County.

Parkside Place street view

Palmeira’s co-CEOs are Karim H. Ismail and Seema Kara.  Ismail brings over two decades of real estate development experience, including major rezoning projects, site and master planning, and developing complex, large scale projects.   Kara has a background in residential and commercial real estate. She has spent 20 plus years cultivating relationships to become a leader in the marketing and sales of real estate and property development. 

Paul P. Partyka, CCIM, Partner at NAI Realvest, Broker of Record on the property and representing the Syd Levy Estate, said once the sale closes, building plans will emerge, and there will be another nine months to a year of planning before the construction stage is reached.  Parkside Place is a “Catalyst” project of the 17/92 redevelopment corridor and is located in the heart of Seminole County.

Sustainability and the conservation of land for a publicly accessible central park within the development were factors that helped get the new plan approved, along with enough density to justify public services such as a Lynx shuttle to the SunRail station from Parkside Place.

Close proximity to Seminole State College and Seminole County government offices located across 17/92 factors into the live-work-play-shop theme of Parkside Place.  Also, U.S. 17-92 is currently being widened to accommodate this future growth.  The economic impact of the development will be felt throughout Seminole County.  

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About NAI Realvest  

NAI Realvest in Orlando, 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 400 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.

Hold-Thyssen Brokers 5 Leases at Kirkman Commerce Center in Orlando Totaling 6,863 Square Feet, Maintaining Occupancy

 ORLANDO / WINTER PARK --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently closed on five leases for office/flex space totaling 6,863 rentable square feet in the Kirkman Commerce Center at 701 S. Kirkman Rd. in Orlando.

The Hold-Thyssen leasing team of Troy Stevens and Alex Rowlinson negotiated the transactions on behalf of the South Florida landlord maintaining occupancy of 97 percent at the 124,283 square foot commercial complex.  The tenants and space leased include:

 

CA Box LLC, a logistics company expanding to service the Universal Studios area, 2,400 Sq. Ft.; Phanald Insurance a local insurance agent who signed a multi-year lease for 395 Sq. Ft. less than two weeks after the former tenant vacated the space; HOPE For Life Ministries, long time tenant, renewed its 2,518 Sq. Ft. for another long term; Faro Design, Inc., who specializes in graphic and web design, renewed its lease of 1,008 Sq. Ft. and Chameleon Security Group, providing training and consulting services leased 542 Sq. Ft. 

Hold-Thyssen, Inc. provides commercial property brokerage 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.

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NAI Realvest Negotiates New Lease at Wilshire Plaza in CasselberryFor Branch Office of Ohio-based Staffing Company

Casselberry / Orlando, Fla. --- NAI Realvest completed a new multi-year professional office lease for 2,018 rentable square feet in Wilshire Plaza, 138 Wilshire Blvd. in Casselberry. 

Mary Frances West, CCIM Vice President at NAI Realvest, brokered the transaction representing Landlord Wilshire Plaza, LLC of Winter Park.  

Tenant Nesco Reources, LLC is a large privately held staffing company headquartered in Cleveland with a regional office in Tampa and several offices in Florida --  including one on Kirkman Rd. – and throughout the U.S. 

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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 400 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.    

Unique Multi-use Building in DeLand, Florida Now for Sale

Current Art Museum Property Adjacent to Stetson University Offers Possibilities

 DeLand, Fla. -- The current Museum of Art -DeLand property with its contemporary style and high-end finishes is being offered for sale.   Its unique location and flexible site plan located adjacent to the Stetson University campus and nearby historic downtown DeLand present multiple use opportunities for the buildings and land at 600 N. Woodland Blvd. 

DeLand Mixed Use front view

Broker John Kurtz of Stirling International Real Estate who’s representing the property on behalf of the museum, said there’s a long list of potential uses. “This property will flourish as any one of several possibilities, including a theater, museum, church, educational facility, and even an event space with shopping and restaurant or similar mixed-use combinations,” he said. 

Listed at $3,950,000.00, 600 N. Woodland Blvd. includes 28,575 total square feet comprised of three buildings.   Built in 1991, the main building is 26,922 square feet including a 15,222 square foot gallery and an 11,700 square foot, 240-seat theater with a 43' by 24' stage.   Out buildings include a 1,422 square foot annex building currently used as a children’s art center, and a 231 square foot free-standing mechanical building. 

DeLand Mixed Use aerial view

Situated on 2.07 acres with 63 parking spaces, the property is a corner lot with street frontage on three sides.  Stetson University’s campus – with the oldest collection of historical buildings on the National Register – surrounds the site to the south and east.

The main building features a majestic entry foyer and reception area filled with natural light coming through its geometric glass skylight. There are numerous private offices, meeting rooms, classrooms, dressing rooms, storage areas, gift shop, loading bay, plenty of open flexible space and a climate controlled walk-in art safe.  The HVAC system was completely replaced in 2014. 

Historic downtown DeLand, which is the county seat, is within walking distance and offers a vast array of unique shopping, dining and entertainment along with high-end offices and public administration facilities.   Stetson University, with 4,330 full time students and 265 full time faculty is a destination in itself and only five miles to Interstate 4, a main connector to larger cities from Daytona Beach to Orlando to Walt Disney World and international airports. Downtown DeLand also offers a large vibrant arts culture with numerous festivals and shows. DeLand was named as a Top 3 Main Street in America by Parade Magazine.

“This unique, one-of-a-kind location equals a one-of-a-kind buyer opportunity,” Kurtz said.

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New Hair Salon Lease Boosts Port Orange Commercial Center’s Occupancy To 100 Percent

PORT ORANGE – NAI Realvest Charles Wayne Commercial recently completed a new, multi-year retail lease agreement for 1,755 square feet at Total Vision Center, a 12,000 square foot retail/office center at 5820 S. Williamson Blvd. in Port Orange.    

 

James O'Connor

Associate James O’Connor brokered the transaction on behalf of the landlord, Port Orange Airport Road, LLC.   The new tenant, Salon Envie is the only Aveda Salon in Port Orange.  Aveda is a concept founded on holistic beauty and environmental responsibility with locations nationwide.

Occupancy is now at 100 percent. Other major tenants at the center include: Edward Jones, Total Vision Eye Health Associates and the Artistic Center for Dentistry.

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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 400 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.

About Charles Wayne Properties

Charles Wayne Properties has also served the needs of the real estate community since 1978. It has developed and managed shopping centers, freestanding retail, office buildings and industrial parks.  CWP has worked with local and national clients in capacities including brokerage, development, investment sales, health care practice sales, tenant representation, property management and receivership. To learn more please visit www.charleswayne.com. 

Rhodes+Brito Architects Appoints Construction Administrator

ORLANDO, Fla. – Rhodes+Brito Architects, based in Orlando has appointed Mark Loeb as Construction Administrator.  Loeb holds both a Masters of Urban Planning and a Bachelors of Environmental Studies from the University of Colorado, according to Ruffin Rhodes, co-founder and partner in the firm.

Mark Loeb

 Loeb, who has 30 years of professional experience, will work closely with project architects at Rhodes+Brito to ensure implementation of project design and that the intent of design is maintained through construction quality control.   

“We will benefit from Mark’s track record of leadership and he will contribute substantially to our growth,” Rhodes said.   

Rhodes+Brito, an Orlando firm founded in 1996, currently employs a staff of 50, including 9 registered architects. The firm has exceptional experience providing architectural services to a wide variety of agencies throughout the state of Florida, including government, federal, civic, K-12, higher education and aviation.

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GAINESVILLE’S STARBUCKS BUILDING ACQUIRED BY JACKSONVILLE FIRM

Gainesville, Fla. –   Hold-Thyssen, a full service commercial real estate firm with offices in Clearwater and Winter Park, recently represented the buyer of 5480 NW 43^rd Street, a 2,300 square foot freestanding restaurant that’s under long-term lease to Starbucks.

Richard Fisher, Vice President of Investor Services in the firm’s Clearwater office negotiated the transaction representing the buyer SSS Investments of Jacksonville, LLC who paid $2,595,000 for the building situated on a 0.83-acre site near the intersection of the Publix Hunters Crossing shopping center. 

Fisher said the seller Boos Development, Inc., a private investor and developer based in Clearwater, built the Starbucks in 2017 along with a freestanding Chase Bank building and a facility for North Florida Regional Medical Center.

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Rhodes + Brito Architects Names Two New Project Coordinators

ORLANDO --- Rhodes + Brito Architects announced that Samar Mady and Dwinessa Pratt have joined the firm as Project Coordinators.

 

Samar Mady

Mady holds a Bachelor’s of Science degree in Architectural Engineering/Urban Planning from Ain Shams University in Cairo, Egypt.

Pratt is a recent graduate of the Master of Architecture program at Florida A&M University. 

In their new roles as Project Coordinators, Mady and Pratt will provide support services to the firm’s project architects including initial research, design development and finalizing construction documents, according to Ruffin Rhodes, co-founder of the firm.   

Dwinessa Pratt

“We are pleased to have these exceptional young professionals join our firm and look forward to their continued growth,” said Rhodes.

Rhodes+Brito, an Orlando firm founded in 1996, currently employs a staff of 50, including 9 registered architects. The firm has exceptional experience providing architectural services to a wide variety of agencies throughout the state of Florida, including government, federal, civic, K-12, Higher education and aviation.

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NAI Realvest Closes Industrial Leases for General Contractor and Elevator Manufacturer at Poinciana CommerCenter East in Kissimmee

KISSIMMEE /  ORLANDO, Fla. – NAI Realvest recently negotiated two new long-term industrial leases totaling 5,200 square feet at Poinciana CommerCenter East on Business Center Lane off U.S. 17-92 in Kissimmee.

Michael Heidrich

NAI Realvest Principals Michael Heidrich, Matt Cichocki and Kevin O’Connor, brokered the transactions representing the landlord, Maitland-based Small Bay Partners, LLC. 

Matt Cichocki

Stingray Global, LLC, a Port Orange-based general contractor specializing in commercial construction, leased 3,850 square feet at 1765 Business Center Lane.     Kissimmee based P&R Cab Designer LLC who leased 1,890 square feet at 1755 Business Center Lane designs and manufactures elevators.    

Poinciana CommerCenter East’s 96,528 square feet is currently 89 percent occupied.

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About NAI Realvest

NAI Realvest in Orlando, 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 400 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.

Party & Gift Outlet Expanding in 5th Location at Vineland Pointe in Attractions Area

ORLANDO --- NAI Realvest closed on a new lease representing Party & Gift Outlet, Inc. for an 8,023 square foot store opening in the spring of 2019 at Vineland Pointe, the new retail center fronting I-4 off of Daryl Carter Blvd. in the attractions area of South Orlando. 

Paul P. Partyka, CCIM, MICP, partner at NAI Realvest who negotiated the multi-year agreement on behalf of the tenant said the retailer, now with five locations in Central Florida, is expanding retail operations at this location.     

The Palm Beach-based landlord Vineland Pointe Owner LLC was represented in the transaction by Kate Gilbert of O’Connor Property Management, LLC.   Party & Gift Outlet which specializes in licensed Disney products will join several national tenants including Lucky Supermarket, Burlington, Five Below and Ross Dress For Less, in the Vineland Pointe retail shopping center at 12005 Regency Village Drive.   

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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 400 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.  

Global Network Provider, Medical Device Startup, Mathnasium and Nurse on Call Expand into East Orlando

ORLANDO, Fla. –NAI Realvest recently negotiated four new leases totaling 9,890 rentable square feet at two professional office buildings in East Orlando.

Mary Frances West, CCIM, Vice President represented the landlord Citadel Partners, LTD in a long term lease agreement with Expereo USA, Inc.  The growing Virginia-based firm relocated from an executive suite facility into a 4,690 square foot suite in The Citadel International III, 5950 Hazeltine National Drive.   Jim Light of Keller Williams Advantage III Realty represented the tenant, a global provider of managed cloud and internet networks. Tenant’s parent company is based in Amsterdam.

 

At University Court, 3361 Rouse Rd., West brokered the lease of 1,408 square feet  representing landlord Interchange-FL Rouse, LLC of Daytona Beach.  Tenant GRD Biomechanics, LLC is a startup company that uses a 3D printer to make full-range knee braces that have no mobility limitations. 

Two more leases at University Court that West completed include 2,670 square feet to Khalil Ventures Managements LLC d/b/a Mathnasium, an award-winning franchisee that provides math learning for K-12 students; and Brentwood, Tenn.-based Nurse on Call, Inc., represented by Realvest Associate Chris Adams, leased 1,122 square feet.  Nurse on Call, which is owned by Brookdale Senior Living, has 20 locations in Florida providing RN, LPN and physical therapist in-home care.

Nurse on Call and Mathnasium provide teams of employees with above average paying jobs at their new University Court locations.  Sam Gaslin of 4Acre Commercial Real Estate represented Mathnasium.      

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Hold-Thyssen Closes $1.15 Million Retail Investment Sale of Historic Intercoastal Storefront in Melbourne

Melbourne, Fla.  --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently overcame several obstacles and multiple delays to close on the $1,150,000 sale of an historic intercoastal storefront building at 559-569 W. Eau Gallie Blvd. in Melbourne.   

  

Saxon Evans, director of investment sales at Hold-Thyssen, who brokered the sale on behalf of Seller Highland Investment LLLP, said the art district property comprised of six suites including the owner’s office is fully leased to artsy tenants.  Numerous improvements have been made to the 7,550 square foot retail building located a couple of blocks from the causeway over the intercoastal waterway.    

Buyer Delray Beach-based Kahilt Corp. also owns over 15 other properties in Florida and plans to continue leasing this property to current and future tenants. The 0.2 acre site offers street parking on both Eau Gallie Blvd. and Highland Ave., a high profile, signalized corner.

“The deal took about two years from listing to closing,” Evans explained. “Due to the seller’s long ownership, challenging issues were worked through especially missing documentation that was located, verified and reissued up until the last minute before closing. We couldn’t have done it without the help of good sellers and an understanding buyer.”    

Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more that 100 commercial properties throughout the United States.

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EcoSystem Renewal LLC and CSRS Selected for Louisiana Coastal Restoration Bids

BATON ROUGE, LA. – The Coastal Protection and Restoration Authority (CPRA) of the state of Louisiana has selected six companies to bid on environmental restoration projects in the Barataria Basin, and one of the six, CSRS-ECO Coastal, LLC, is a venture formed by CSRS and EcoSystem Renewal LLC ,  the Member Manager of the company.

The Barataria Basin is a critical and endangered stretch of cypress/tupelo swamp, chenier ridges, fresh marsh and a mixture of fresh and saltwater marsh located south and west of New Orleans. The sprawling basin suffers from a lack of fresh water, erosion and a range of ecosystem problems associated with development through the years.

EcoSystem Renewal LLC., based in Baton Rouge, is a leading pioneer in wetlands restoration work and is the managing member of CSRS-Eco Coastal LLC. CSRS, headquartered in Baton Rouge with offices across the gulf region, specializes in environmental resiliency planning and program management. The firm, CSRS-Eco Coastal LLC, was among six companies approved by the Louisiana CPRA this month (October) to submit proposals for restoration work in the Basin, which spans for more than 500,000 acres.

 

CPRA is the sole state entity with authority and funding to develop, implement and enforce a comprehensive plan to protect and secure Louisiana’s coast for future generations. The state of Louisiana has budgeted $5 billion for CPRA projects.

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NAI Realvest Closes Two Boutique Office Building Sales Totaling $770,000 in Downtown Orlando’s North Quarter Urban District

ORLANDO, Fla. – NAI Realvest closed on two separate sales of adjacent properties totaling $770,000.  The buildings are located in the North Quarter district of downtown Orlando and both will be used for law offices.  

  

The NAI Realvest team of Jeff Tanner and Kim Manson represented Seller, Orlando-based Jcash-3 Inc., a real estate holding company, in a $450,000 sale of the 1,635 square foot stand-alone office building at 827 Irma Ave.  The Buyer, US Immigration Law Group, LLC, d/b/a Rineer Law with over a decade of immigration law experience, was represented in the transaction by Jonathan Hughes and Michael Danforth of Cresa Orlando.

Next door, Tanner and Manson represented the Beech Mountain, N.C.-based seller 831 Irma Avenue, LLC, and the buyer Law Office of Michael J. MacDonald P.A., operating as MacDonald Law at the 1,272 square foot freestanding office building purchased for $320,000.

Both law practices were previously leasing space in downtown Orlando.  As lease rates in the downtown office sector continue to rise, NAI Realvest has been seeing an increase in the need for office building sales inventory, particularly in the up and coming North Quarter.  The area offers walkability to SunRail, an array of top-notch restaurants, new contemporary townhomes, arts and culture.           

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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 400 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

NAI Realvest Closes on Investment Sale in Polk County – Buyer Plans to Develop a New Dollar General

Winter Haven, Fla. - NAI Realvest recently negotiated a $450,000 sale price for a 1.58-acre parcel of vacant land at 418 – 18^th St. S.E. in Winter Haven, where the buyer is planning to develop a Dollar General store.      

NAI Realvest Associate Chris Adams negotiated the sale on behalf of Seller John P. Adams & Ann D. Adams Family LP of Winter Haven.   The Buyer Palmetto Winter-Haven-Dundee Rd LLC of Thomasville, Ga. was represented in the transaction by Oak Realty Advisors.   Seller will be exercising a 1031 tax free exchange.

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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 400 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.   

Resort Amenity Center Now Complete at Hammock Preserve on Palmer Ranch, Grand Opening Event Nov. 3

Newly completed clubhouse at
Hammock Preserve on Palmer Ranch.

SARASOTA, Fla. --- The new amenity center at DiVosta’s Hammock Preserve on Palmer Ranch is complete and a Grand Opening Event will be hosted Saturday, Nov. 3 from 1 to 3 p.m. at 12255 Hidden Hammock Court off Honore Avenue in Sarasota.  

 

Richard McCormick, president of DiVosta in Southwest Florida, said the public is invited and festivities will include music, light refreshments and giveaways, along with tours of the community’s new resort-style amenities.  Visitors are also invited to explore the four professionally decorated model homes at Hammock Preserve.

The $3.5 million amenity center was designed with input from residents, the same way the homebuilder created the variety of innovative new home designs offered in the product line – with ideas from consumer feedback.

“Hammock Preserve embodies casual, resort-style living at its best, with amenities homeowners want and truly appreciate, all at a great value,” said McCormick.  “Residents will enjoy the exceptional pool and spa, outdoor bar, and a fire pit sitting area for quiet evenings with friends and neighbors.”

 

New Resort style pool at Hammock
Preserve on Palmer Ranch

Hammock Preserve homeowners will relish the fun and convenient dog park, and playing on the 2 new tennis, 2 bocce ball and 2 pickleball courts.  The 8,900 square foot clubhouse includes a state-of-the-art fitness center, large community room with catering kitchen for residents’ private parties, and grand outdoor verandah overlooking the pool.

“We’re excited to unveil the resort-style amenity center within Hammock Preserve, a place where residents will enjoy relaxing activities and camaraderie without leaving the neighborhood,” McCormick said.

The gated, natural gas community’s key location near I-75 and US-41 provides easy access to even more outdoor activity choices like golfing, boating and beachcombing at Siesta Key, plus the entertainment, fine dining and renowned attractions in downtown Sarasota. 

The 388 homes ultimately planned for Hammock Preserve include attached villas and single-family home designs with two to five bedrooms, two to four-and-a-half bathrooms and two to three-car garages, priced starting from the low $300s.  

For more information visit  www.divosta.com/hammockpreserve.

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About DiVosta Homes

DiVosta Homes is a brand of PulteGroup, Inc. (NYSE: PHM). DiVosta Homes builds consumer inspired homes and communities that provide casual, resort-style living for those wanting a winter retreat or a home year round in its home state of Florida. In addition to providing the sunny Florida lifestyle, DiVosta Homes has stood for renowned quality for over 50 years. For more information on DiVosta, visit www.divosta.com 

NAI Realvest Closes on Sale of Residential Land for Deer Run Estates in St. Cloud

Saint Cloud, Fla. – NAI Realvest, an Orlando-based real estate industry leader with a global footprint, has closed on the $1,050,000 sale of 31 acres of residential land at 4140 Hickory Tree Rd. in Saint Cloud. 

Veronica Malolos Broker at NAI Realvest negotiated the sale on behalf of the sellers, Mony Nhim, Steven Nhim, Dara Chay, and Sokhim La of Buena Park, Calif.      

Prominent Windermere developer Frank Cawthon, d/b/a FHC2, LLC is the buyer who owns the adjacent land with a master plan that combines both properties for a 55-acre community with 165 lots for single-family homes.   

Malolos said Deer Run Estates is the buyer’s 10^th project in the Narcoossee corridor and with the new development Deer Run Road is slated to become a major east-west connector between Canoe Creek and Narcoossee Roads.

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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 400 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.