M/I Homes Starts First Model Home at Reserve at Pine Tree in St. Cloud Sales Launching Feb. 7

St. Cloud, Fla. -- M/I Homes has its first model home under construction at Reserve at Pine Tree.  Sales will get underway Feb. 7 at the homebuilder’s new gated community located on Pinetree Rd., a quarter mile south of Canoe Creek Rd. in Saint Cloud. 

Capistrano II model

David Byrnes, area president in the Orlando region, said M/I will build 105 single-family homes at Reserve at Pine Tree that range from 1,520 square feet of living area to 3,032 square feet.   All homesites are 50-feet wide and some are located on ponds or cul-de-sacs.  Site development is expected to be complete in March.

Byrnes said the model that will be finished, decorated and ready for viewing in March is the homebuilder’s popular Capistrano II.   The 2,092 square foot home is a spacious four-bedroom, two-bath design with a covered lanai and a two-car garage.

Four and five bedroom homes in one and two-story designs on the 50-foot lots are expected to be priced from $250,000 to $340,000, including a 15-year structural warranty. 

Reserve at Pine Tree offers a family friendly community resort-style pool with cabana and a location that’s convenient to major shopping, attractions and employment centers.

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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 sold over 110,000 homes.  The Company’s homes are marketed and sold primarily under the trade names M/I Homes and Showcase Collection (exclusively by M/I Homes), and also currently are sold under the name Hans Hagen Homes in the Minneapolis/St. Paul, Minnesota market and Pinnacle Homes in the Detroit, Michigan market.  The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.

NAI Realvest Negotiates Build-to-Suit Lease with Operating Daycare in St. Cloud

  

ST. CLOUD, Fla. -- Veronica Malolos, Osceola Broker at Orlando-based NAI Realvest, recently completed a build-to-suit lease with Kid City, USA, a local operating daycare.  The property is a 9,000 square foot single tenant building on an outparcel of a new Walmart Neighborhood Market located on W. New Nolte Rd. in St. Cloud.  

Veronica Malolos

Malolos brokered the transaction representing Jacksonville-based retail developer Joyce Development Group, LLC.   The daycare, along with Heartland Dental on an adjacent outparcel, will be complete and ready to open at the Nolte Road retail development this summer.

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Kid City USA proposed layout

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 Two Commercial Land Sales within 30 Days Totaling $2.155 Million -- Two New Racetrac Stores Opening This Year

ORLANDO, Fla. – NAI Realvest, based in Orlando, negotiated the sales of two vacant commercial land parcels that will soon be new state-of-the-art Racetrac gas and convenient stores in Apopka and Oviedo. The two separate transactions totaled $2,155,000 and closed within 30 days of each other.

Jason G. Toll, MiCP, Director at NAI Realvest, brokered the $905,000 sale of 1102 Hermit Smith Rd., in Apopka on behalf of the seller, Zellwood Properties, LLC of Altamonte Springs and the buyer Atlanta-based Racetrack Petroleum, Inc. The new Apopka Racetrac is slated to open in the spring at the 2.45-acre site at the interchange of the new SR 429 (Wekiva Parkway) and US 441.

A few weeks later Racetrac Petroleum, Inc. purchased 4.7 acres at 1999 Slavia Rd. at the corner of Red Bug Lake Rd. in Oviedo. Toll, along with NAI Realvest principals Kevin O’Connor and Matt Cichocki, brokered the $1,250,000 deal between RaceTrac and the property owners who were approached with an unsolicited offer that was accepted. The Oviedo Racetrac is scheduled to open in the 4th quarter of this year.

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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.

NAI Realvest Names Patrick Brazil Sales Associate

ORLANDO, Fla. --- NAI Realvest, one of central Florida’s largest commercial real estate services companies, has named Patrick J. Brazil as Sales Associate specializing in the hospitality industry.

Patrick Brazil

Robin Webb, managing director at NAI Realvest, said Brazil will focus on hotel brokerage, investment and development both in Florida and internationally.  

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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.

Lincoln Property Co Negotiates Multi-Year Lease for Craft Beer Production, Sales, Distribution at Parkway Business Center in Longwood

ORLANDO/ LONGWOOD, Fla. – Lincoln Property Company Southeast, a full service commercial real estate firm based in Orlando, recently completed a new multi-year lease for 2,625 rentable square feet of flex space at Parkway Business Center, 556 Florida Central Parkway, in Longwood.

Sean DuPree, CCIM, Broker negotiated the transactions on behalf of the Landlord Parkway Business Center, LLC

The tenant, Bowigens Beer Company, LLC, is the operator of a small neighborhood craft beer taproom located at a shopping plaza in Casselberry.  They will use the Longwood location for production, sales and distribution of their craft beer for large orders and special events.  Charles Rutenberg Realty represented the tenant.

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About Lincoln Property Southeast

Lincoln Property Southeast is a 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.

Blackton, Inc. to Provide Flooring Products Worth nearly$3 million for Victoria Oaks Community in DeLand

Orlando / DeLand, Fla. --- Blackton Inc., the Orlando firm that ranks as one of Central Florida’s largest distributors of materials to homebuilders has been selected as the supplier of  flooring at Victoria Oaks, a D.R Horton community in DeLand.

Michael “Micky” Blackton, chief executive officer, said his firm will provide an estimated $3 million worth of flooring materials in the construction of some 590 single-family homes at Victoria Oaks, D.R. Horton’s newest community in DeLand located on East Taylor Rd. just east of U.S. Highway 17-92.    

Blackton, Inc., a family owned business headquartered on Alden St. near Ivanhoe Row north of downtown Orlando, has been supplying the home building industry from Jacksonville to Tampa for 65 years.

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Hold-Thyssen Closes Acquisition of Off-Market Property In Lutz for Mydental of Greater Tampa Bay

CLEARWATER / LUTZ, Fla. --- Hold-Thyssen, Inc., a full service commercial real estate firm, recently negotiated the $500,000 purchase of a medical/professional office building in the Van Dyke Commons Professional Park at 17521 N. Dale Mabry in Lutz.     

Theresa Margaris, transaction specialist at Hold-Thyssen, brokered the sale representing the buyer, Mydental of Greater Tampa Bay, P.A. and Apodaca Property Management Corp., seller of the 3,000 square foot dental office building in the professional park built in 2007. 

“I previously showed the buyer property but we couldn’t find the right size and location,” Margaris said, adding "Cold calling efforts revealed a willing seller, I brought the two parties together and it was a perfect fit.”

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 Completes New Leases at Beulah Commerce Center – Top U.S. Commercial Construction Co. and High-End Motor Coach Manufacturer Expand Operations

WINTER GARDEN, Fla.  – Orlando-based NAI Realvest has completed three multi-year lease agreements at Beulah Commerce Center with retail, flex and industrial space at the northeast corner of Beulah and Stagg roads in Winter Garden.

 Greensboro, N.C.-based Prevost Car (US) Inc., who recently opened a Florida service center in Building 3 with 41,600 square feet at 1300 Green Forest Court, leased another two units with a total of 5,400 square feet in Building 2 at 1301 Gillard Ave. to operate their used bus division.  Prevost is the leading North American manufacturer of passenger coaches and conversion coaches for high-end motor homes. 

Clancy & Theys Construction Company based in Raleigh, N.C. leased adjacent units in Building 2 -- 1301 Gillard Ave. and 1401 Beulah Rd. -- totaling 12,820 square feet. The tenant who was represented by Craig Castor of Cresa Orlando, is a leading U.S. commercial construction firm based in Raleigh, N.C. specializing in public and private building projects such as schools and restoration of historic buildings.

Amdrill, Inc, a local geotechnical and environmental drilling and sinkhole repair service leased 2,000 square feet in Suite 108 Building 2 at 1401 Beulah Rd. 

NAI Realvest Principal Michael Heidrich, and Principals Kevin O’Connor and Matt Cichocki negotiated the three transactions representing Landlord Beulah Commerce Center LLC. 

Heidrich said Beulah Commerce Center with a total of 96,140 square feet in three buildings across a 12.4-acre campus, is currently 90 percent leased.  Space rates range from $8.50/sf NNN to $13.50/sf NNN.  

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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.  

NAI Realvest Represents Tampa Engineering Firm in New Lease at 250 S. Orange Ave. in Downtown Orlando

ORLANDO, Fla. -- NAI Realvest Principal Tom R. Kelley II, CCIM, negotiated a new long-term lease of 2,443 square feet in Suite 120P at 250 South Orange Ave. in downtown Orlando. 

Kelley represented the tenant Tampa-based ICON Consultant Group, Inc. which provides a wide range of planning, engineering and environmental services with major focus on highway projects throughout the state.  

The landlord Piedmont 200 & 250 South Orange Avenue, LLC was represented by John Gilbert of Jones Lang LaSalle Americas, Inc.  

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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.

M/I Homes Closed on 71 Acres in Horizon West to Develop Phase I of Encore at Ovation

139 Single Family Homes to Include New Product Line

ORLANDO, Fla., -- M/I Homes closed on 71 acres in early in January to develop 139 single-family home sites in Phase I of Encore at Ovation.  Site development will begin Feb.1 at the new neighborhood located near the intersection of Avalon Road (545) and Western Way / Flemming Road in Horizon West. 

David Byrnes, area president in the Orlando region, said 92 of the home sites will offer 50-foot widths for one and two-story homes ranging from 1,900 to 3,700 square feet of living area. 

The other 47 lots with 32-foot widths will offer the homebuilder’s new two-story, single family detached homes ranging from 1,800 to 2,800 square feet of living area.  

Byrnes said design of four new floor plans for the new product line is currently underway.  “The new line is innovative and we’re very excited about the diversity and potential of Encore at Ovation,” he said. 

Sales will begin by September at prices estimated to range from $290,000 to $450,000 including a 15-year structural warranty.

Development of all 139 homesites is expected to be complete by Q4, Byrnes added.

Located just north of Walt Disney World, Horizon West is one of the three fastest growing planned unit developments in the country featuring town centers surrounded by greenbelt and residential villages.  

Columbus, Ohio based-M/I Homes is currently building throughout 16 markets in the U.S. and has 16 active communities in Central Florida.

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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 sold over 110,000 homes.  The Company’s homes are marketed and sold primarily under the trade names M/I Homes and Showcase Collection (exclusively by M/I Homes), and also currently are sold under the name Hans Hagen Homes in the Minneapolis/St. Paul, Minnesota market and Pinnacle Homes in the Detroit, Michigan market.  The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.

NAI Realvest Negotiates Industrial Land Sale near Downtown Sanford Where High-End Tool Manufacturer Will Provide Jobs by Summer

Sanford, Fla. -- Orlando-based NAI Realvest recently negotiated the $325,000 sale of 1.19 useable acres of industrial land at 501 Gordon St. just east of downtown Sanford and south of S.R. 46.

Tai Lee, CCIM sales and leasing associate at NAI Realvest represented the seller, Magical Growth, Inc. of Lake Mary.   The buyer is Magma Diamond Tools, Inc. which makes high end tools for cutting, polishing, sanding and grinding granite.

Young Cha Proctor, president of Magma Diamond Tools based in Lake Mary, said he plans to build two 7,500 square foot buildings on the property with Phase I planned for completion by May or June.  The company will initially add 4-5 jobs at the location.    

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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.

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 65-year-old family-owned company 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.  The community is scheduled to open for sales in the spring.
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LPC Completes Multi-Year Lease Agreement With Engineering Firm More Than Doubling Its Orlando Office Space at Lake Destiny Center in Maitland

ORLANDO, Fla. – Lincoln Property Company Southeast, a full service commercial real estate firm based in Orlando, recently completed a long term lease that facilitated a tenant’s expansion, more than doubling its previous space at Lake Destiny Center I, 1101 N. Lake Destiny Rd. in Maitland.

Sean DuPree, CCIM, Broker at Lincoln Property, negotiated the transaction representing Lake Destiny Center, LLC, the Southwest Florida-based landlord for the 57,358 square foot building. 

Tenant Maser Consulting, PA is expanding its Orlando offices by relocating from Suite 415 (2,521 square feet) in the four-story Class A office building to Suites 425-450 (5,768 square feet).  

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About Lincoln Property Southeast

Lincoln Property Southeast is a 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.

Hold-Thyssen Closes on Industrial Condo at Sunport Commerce Center in South Orlando

Orlando, Fla. -- Hold-Thyssen, Inc., a full-service real estate services firm based in Winter Park, recently represented the buyer in the purchase of two industrial condos located at 8010-8034 Sunport Drive in the Sunport Commerce Center south of Sand Lake Road near Orlando International Airport.

The Hold-Thyssen team of Martin Forster CCIM and N. Joelle Forster represented the Kissimmee-based purchaser who paid $505,000 for the two units comprising 5,904 useable square feet previously used as a photographic and video production studio.  The buyer, who purchased the property as part of a Section 1031 tax deferred exchange, will continue a similar use.

The seller, Miami-based Orlando Sunport Flexxspace, Ltd. was represented in the transaction by Joey Barnes of Adler Group. 

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 than 100 commercial properties throughout the United States.

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