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.

 *  *  *

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.           

*  *  *

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.

* * *

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.