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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