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.  

New Ice Cream Shop Concept to Open in Southwest Volusia – Long Term Lease Closed at Enterprise Plaza by Hold-Thyssen

ORANGE CITY, Fla. --- Hold-Thyssen, Inc., a full-service commercial property firm based in Winter Park, recently negotiated a new five-year lease with Vi Kim Tran and Le Truon Canh, a husband and wife team opening a Funrolls Ice Cream at Enterprise Plaza, 2499 Enterprise Rd. in Orange City.

Hold-Thyssen Lease Consultant Darby Hold, who negotiated the lease on behalf of the landlord, said Funrolls is the latest craze in both ice cream and entertainment.  The flagship location is in Liberty, Mo. with several other locations in the Midwest.

The ice cream shop will open in 2-3 months, once tenant improvements are complete in the 1,360 square foot suite at the retail plaza owned by Florida Premier-Enterprise, LLC, based in Fraser, Mich.

The Funrolls Ice Cream experience involves rolling ice cream on an ice-cold metal surface then adding healthy toppings.  Frozen yogurt and vegan options are available.

Hold also recently negotiated leases at Enterprise Plaza with Tuan Vinh Truong d/b/a Lena Nails who renewed their lease of 1,224 square feet for another five years and with Southern Specialty Finance Inc., d/b/a Check ‘n Go who renewed their lease of 1,360 square feet for another two years.

Other major tenants at the Enterprise Plaza include Sherwin Williams, Firehouse Subs and Arby’s.  

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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DIX Developments Closes $5 Million Sale of 53-Acre Halifax Town Center I-95 Interchange Property in Ormond Beach

Ormond Beach, Fla. --- Stirling International Real Estate recently arranged the $5 Million sale of Halifax Town Center in Ormond Beach, Fla.   Dixie 95 OBD, LLC a company related to O2G Capital of Ontario, Canada, purchased the 53-acre mixed use development from Lake Mary Based DIX Developments, LLC who was represented in the sale by Stirling’s John Kurtz. 

The mixed-use development located along a high-impact growth corridor between Daytona Beach and Halifax Plantation, was aggressively marketed by Kurtz and the Stirling team on behalf of James Dicks, CEO of the selling entity.  The sale took only 120 days from contract to closing, according to Kurtz.

“We felt that the property’s location at an underserved I-95 interchange just a few minutes to the Atlantic Ocean and intercoastal waterway, played a major role in moving the property,” Dicks said. “The is tremendous opportunity both to leverage retail demand fueled by new residential development in the area and create a unique village focused on providing second homes for the new ownership,” said Dicks.

The site which is situated at the southeast quadrant of Interstate 95 and Old Dixie Highway has an approved plat, is ready to finish the topping of the road and recording of the plat.  It has storm water retention and utilities, and the buying group is looking to make changes to the current plan which will require County approval.    

Halifax Town Center is part of the golf course community Halifax Plantation’s planned development (PD) in Volusia County with an Ormond Beach address, which has gone through a major transition in ownership in the past few years.  Kurtz has been working with the previous owner/developer of the entire community Halifax Plantation, Inc. since 2016 in the disposition of the remaining properties.

Kurtz brokered the sale of the remaining 230+/- acres of residential property to Vanacore Homes in a two-part sale spanning 2017 and 2018, and the sale of the 53 acre Town Center site to DIX Developments LLC in early 2018. Kurtz, in conjunction with Marcus and Millichap, orchestrated the sale of the 18-hole golf course and clubhouse in 2017. Halifax Plantation is just minutes from the Atlantic Ocean and intercoastal waterway in Ormond Beach”.

The total construction value of the 53 Acre Town Center is estimated at more than $75 million.  

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About DIX Developments, LLC

DIX Developments, LLC is a full service real estate company committed to providing quality developments throughout Central Florida. The dedicated team of industry professionals works to create properties that are well positioned, attractive, financially sound, and inclusive of green planning and development,  DIX Developments, LLC provides the highest quality projects by maintaining the strictest attention to detail, and prides itself on being able to manage those details during every phase of the project.

289-Unit Apartment Sale Kicks Off Charles Wayne’s Junction at DeBary Station

DeBary, Fla. --- DeBary Town Center, LLC, an affiliate of Charles Wayne Properties, Inc. of Daytona Beach, recently closed the $4.1 million sale of 15 acres for a luxury apartment community within “The Junction,” a $200 million development across from the DeBary SunRail station.

Junction at DeBary Station site plan

Buyer Integra 289 Exchange, an affiliate of Lake Mary-based Integra Land Company, will build 289 apartments, located near the southeast corner of Dirksen Drive and U.S. Highway 17-92.  Groundbreaking will take place within the next 30 days.

Steve Costa, Principal with NAI Realvest/Charles Wayne Commercial is leading the sales and marketing at the DeBary Town Center which spans 68 acres and to date is the largest transit-oriented development project on the north leg of the SunRail route.

 

Costa said his team is now in discussions with national grocery chains and other commercial users to complete The Junction’s mix of retail, entertainment, residential and natural amenities.  Charles Wayne is planning to develop 104,000 square feet of retail space including a planned 46,000 square foot 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.

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

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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Hold-Thyssen Negotiates 5-Year Office Lease in the Mills 50 District for New HQ of National Construction Firm

ORLANDO / WINTER PARK --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently represented a national construction firm in a five-year lease agreement for 5,199 square feet at 1323 Brookhaven Drive.  The new tenant plans to relocate its headquarters from Ohio to the location in the Mills 50 District northeast of downtown Orlando.

The Hold-Thyssen team of Alex Rowlinson and Troy Stevens negotiated the transaction on behalf of CESCO Inc./DDC, a general contracting, design-build and construction management firm with nine locations nationwide.  The landlord of the newly renovated 1010 Virginia Building is a private investor.

DDC will employ a staff of 20 at the location by next year, not including ancillary jobs created for construction projects. 

“We toured various properties with DDC but immediately walking through the 1010 Virginia Building, they saw it as the perfect fit for their growing company and an offer was submitted 24 hours later,” said Rowlinson and Stevens.

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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Rhodes+Brito Architects Are Underway with Design of New Horizon West Elementary School

ORLANDO, Fla., --- Rhodes+Brito Architects recently presented Orange County government with preliminary designs for a new elementary school in the burgeoning Horizon West community in West Orlando.

Ruffin Rhodes

Ruffin Rhodes, co-founder and partner at Rhodes+Brito, said his firm was awarded the contract to design the new school that will be located on 14.8 acres of land on the South side of Porter Road, north of Wood Sage Drive and west of Bluejack Oak Drive.

Rhodes said the school, a two-story structure totaling 85,838 square feet, will be constructed by Miami-based OHL Construction.

The campus will include parking for over 120 vehicles, a bike rack, tot and youth lots, ball field and enough space for 12 portables.

The new school should start construction in the spring of next year with anticipated completion and opening by June of 2020.

Rhodes+Brito, which opened in Orlando in 1996, has exceptional experience providing architectural services to a wide variety of agencies throughout the state of Florida, including municipal government agencies, federal, education, aviation and senior living facilities.

Hold-Thyssen Negotiates Long Term Expansion Lease with Growing Company at Phillips Place

ORLANDO, Fla. --- Hold-Thyssen, a full service commercial property firm based in Winter Park, recently closed on a long-term expansion lease of an additional 1,844 square feet for a growing company at Phillips Place, 7575 Dr. Phillips Blvd. in Southwest Orlando. 

Phillips Place

Darby Hold, transaction specialist for Hold-Thyssen, Inc., brokered the transaction representing the landlord, Financial Way Realty, Inc. of Cincinnati.  

Tenant Woof Gang Bakery, Inc., a multi-national company established in 2007, was already leasing 2,147 square feet at Phillips Place and increased their occupancy by 86 percent to a total of 3,991 square feet.   The tenant’s growth is due to outstanding quality of products and service.  Woof Gang Bakery currently employs a staff of 12 at Phillips Place and looks to increase that to 15 by early next year.

Darby Hold

Hold-Thyssen, Inc. is the leasing and management representative for the 56,000 square foot Phillips Place Office Building, which is now 90 percent leased.

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 Broker Closes $695,000 Sale of Walmart Outparcel for New Heartland Dental in St. Cloud

St. Cloud, Fla. -- NAI Realvest, recently completed the sale of a 1.34-acre outparcel of the Walmart Neighborhood Market on Nolte Road in St. Cloud for $695,000.00.

Veronica Malolos

Veronica Malolos, Osceola County Broker for NAI Realvest, negotiated the transaction on behalf of the seller, Stevens Crossing Village LLC, of Jacksonville.

The Illinois-based buyer, WMG Development LLC purchased the land to develop a Heartland Dental Clinic.  Construction documents have been filed with a targeted opening of mid-2019.   

Heartland has dental clinics nationwide and will open at the St. Cloud location with a staff of 14 fulltime employees.   John Park and Jared Ettinger of Berkshire Realty represented the buyer.

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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.  

M/I Homes Starts White Cedar Community in Seminole County - Site Development Underway for 155 Townhomes North of SR 46

SANFORD, Fla. --- M/I Homes has purchased 19 acres and site development is underway for White Cedar, a gated community where the homebuilder will start constructing 155 townhomes in early 2019. 

Area President David Byrnes said White Cedar, located slightly north of SR 46 on White Cedar Road, is within minutes of SunRail, Seminole Town Center, major restaurants and international airports via Interstate 4 and the Greeneway Expressway.   

“This community is designed for security, privacy and commuters to both Orlando and Daytona Beach,” Byrnes said, adding “The area is also 30 minutes from both the East Coast beaches and Wekiva River State Park to the west.

Prices of new White Cedar townhomes with three and four bedrooms are expected to start in the mid-$200,000s.  Floor plans are being finalized, and amenities planned for the community include a pool and cabana.

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About M/I Homes

M/I Homes, Inc. is one of the nation’s leading builders of single-family homes, having delivered more than 81,500 homes. The Company’s homes are marketed and sold under the trade names M/I Homes, Showcase Homes, TriStone Homes and Triumph Homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Chicago, Illinois; Indianapolis, Indiana; Tampa and Orlando, Florida; Austin, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.

Blackton Earns Contract to provide Roofing and Flooring for New Homes at Coming Soon Community in St. Cloud

ORLANDO / ST. CLOUD, Fla. --- Blackton, Inc., one of the region’s oldest and largest suppliers of wholesale materials and supplies to the home building industry, was awarded a contract worth an estimated $980,000 to provide roofing and flooring for 73 new single-family homes KB Home plans to build at Rivercrest at Narcoossee. 

Michael Blackton, who heads the family-owned company founded by his father over 64 years ago on Alden Road north of downtown Orlando, said Rivercrest at Narcoossee is located at 5040 Lillian Lee Rd., St. Cloud in East Osceola County.

KB Home will build new homes ranging from 1,700 to 3,000 square feet at Rivercrest at Narcoossee, according to Blackton.  Development will get underway before the end of the year and the community will open for sales next spring. 

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Pulte Homes Acquires 70 Acres in South Fort Myers to Develop New 181-Homesite Community

Fort Myers, Fla. — Pulte Homes, one of the nation’s largest homebuilders, has acquired a 70-Acre tract in the South Fort Myers area, best characterized by its highly sought-after centralized location, and will begin development of Eagle Reserve with 181 homesites for new single-family homes priced from the mid-$200s. 

 “This community will have wide-ranging appeal and will be particularly attractive to commuters and families,” said Richard McCormick, President of PulteGroup’s Southwest Florida Division.

The Dockside is one of Pulte’s single-family
home designs homebuyers can choose at
Eagle Reserve when it opens next Spring

“Eagle Reserve offers an exceptional location off Camino Real Way which directly connects to Colonial Boulevard,” he said. “I-75 is only 2 miles east, and US 41 to the west just 2.5 miles, providing great proximity to top rated schools and major employment corridors.”

The centralized location also allows for convenient access to the beaches of Fort Myers, Sanibel and Captiva Islands, as well as to popular retail and entertainment venues.

The new gated community, neighbored by Heritage Palms and Southwest Florida Christian Academy, will be opening in the spring of 2019, offering homebuyers consumer-inspired floor plans complete with Pulte’s Life Tested® features and Smart Home technology. One- and two-story new home designs will feature large open gathering and dining areas, flexible living spaces, and innovative kitchens, with buyer options to personalize the designs to fit their lifestyle, said McCormick.

 

Plans for the community include an amenity campus featuring a resort-style pool with large sundeck, pool cabana with covered outdoor seating, and playground area.

To join the VIP interest list or for more information, visit www.pulte.com/eaglereserve or call 888-817-2203.

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About Pulte Homes

Pulte Homes is a national brand of PulteGroup, Inc. (NYSE: PHM).  Pulte Homes builds consumer inspired homes and communities that provide the move-up buyer the best quality of life.  Only Pulte Homes offers the combination of innovative Life Tested Home Designs® with an unwavering commitment to quality and attention to detail.  For more information about Pulte Homes, visit www.pulte.com.

Charles Wayne Properties Acquires 5-Building Industrial / Flex Property for $9.55 Million in Seminole County, Fla.

Daytona Beach / Sanford, Fla. -- Charles Wayne Properties, Inc. recently completed the

$9.55 Million purchase of Monroe CommerCenter South, a five-building industrial / flex campus on 8.49 acres located minutes from Interstate 4 in north Seminole County.

The five, single-story, industrial warehouse, showroom and flex buildings with a total of 116,500 rentable square feet, expands Charles Wayne Properties’ portfolio holdings in the Orlando market to more than 300,000 square feet. 

Monroe CommerCenter South

Ted Lightman, Principal, said Monroe CommerCenter South is a natural addition to his firm’s other Orlando-area investments, which include Lake Mary’s Primera Court I & II Class A office buildings; Sanlando Commerce Center in Altamonte Springs; and the University Court office building near the University of Central Florida. 

“We saw an opportunity in Monroe CommerCenter South to leverage increased industrial demand fueled by increased new residential and retail development in the market, particularly in north Seminole and nearby DeBary in southwest Volusia County,” said Lightman.  

CBRE’s Ron Rogg and Chip Wooten represented Monroe South RE LLC, the Miami-based seller. “Selling Monroe CommerCenter South was a highly competitive process, which speaks to the strength of the industrial market and growing economy in central Florida,” said Rogg, CBRE Executive Vice President.  “Charles Wayne was an ideal buyer, having a great track record in the market, and a reputation for closing on deals they target,” said Rogg.

Monroe CommerCenter South features office and warehouse space with grade-level rollup doors, appealing to a wide variety of tenants. The property is currently leased to a diverse and noteworthy tenant base in various industries, including services, suppliers, construction and technology, among others.   Built in 2003, it was one of five similar “CommerCenters” developed by Small Bay Partners and NAI Realvest throughout Central Florida to meet the need by industrial users of 2,000 to 20,000 square feet.   

The five buildings are located at 627-655 Progress Way, 663-691 Progress Way, 703-739 Progress Way, 4141-4186 Incubator Court and 4140 Flex Court. 

Charles Wayne Investment Management, LLC will handle asset and investment management functions for the property and its investors.  The NAI Realvest team headed by Principal Michael Heidrich will continue to handle leasing for the new ownership.  Charles Wayne and NAI Realvest are affiliated in this and certain other real estate ventures. 

Lightman added that Charles Wayne Properties continues to actively seek more expansion of its   commercial holdings in the Orlando market, which has led the country in job growth at 3.5% year-over-year.  Employment growth is projected to average 2.1% a year through 2023, according to Moody’s Analytics, almost 3 times faster than the national average projections of 0.8% annually.

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About Charles Wayne Properties

Charles Wayne Properties was founded in 1978, starting as a joint venture with New York based Republic Funding Properties. It has developed, owned and managed shopping centers, freestanding retail, office buildings and industrial parks in 8 states.  CWP has worked with local and national clients in capacities including brokerage (now in combination with NAI Realvest), development, investment sales, tenant representation, property management and receivership. To learn more please visit www.charleswayne.com. 

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.

NAI Realvest Closes on New Multi-Year Leases at Two West Orlando Retail Plazas – Family Fitness Opening in October, Family Medical Practice Opening Later this Year

ORLANDO / PINE HILLS, Fla. – NAI Realvest recently completed multi-year lease agreements at two retail plazas in West Orlando’s Pine Hills area where new tenants – a family medical practice is scheduled to open later this year and a personal fitness training facility will be opening  in October. 

Westside Plaza

At Westside Plaza, 6210 W. Colonial Drive, Jacqueline Pace, associate at NAI Realvest represented Landlord Hudson Equities Management Corp. of Jersey City, N.J. in the lease of 3,200 square feet in suite 100.  The new tenant, Orlando Family Medical Inc. is opening its 4^th greater Orlando location at the 72,055 square foot highly visible retail center anchored by long-time national tenant Pep Boys Automotive.  Dave Van Wormer of Van Wormer Realty represented the tenant.

Pace also negotiated a new lease of 1.619 square feet at Hiawassee Plaza, 6897 W. Colonial Drive, representing the tenant Cortiz Fitness LLC.  This location is the first for the personal fitness trainer known for children’s fitness programs and its affiliation with public schools.  Cortiz expects to grow and expand within the next three years.  North Miami-based New Orlando Team Corp. is the landlord at the 57,506 square foot retail centered anchored by WellCare.

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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.