Hold-Thyssen Closes $3.4 Million Sale of Multi-Tenant Retail Center Facing I-75 in Ocala

OCALA --- Hold-Thyssen, a full service commercial property firm based in Winter Park, brokered the sale of Marion Crossing, a 60,000 square foot multi-tenant retail center built in 1990 at 2101 SW Highway 484 off of I-75 in Ocala.

The property, situated on 19 acres overlooking I-75, was 73 percent occupied at the time of the sale and sold by Security Mutual Life Insurance Company of New York to a California investment entity for $3,400,000.00. Major tenants include Hemispherx, VNA of Florida and Low Vision Aids Inc.

“We were able to bring a group of doctors from California to a successful and seamless closing of the transaction,” said Saxon Evans, Director of Investment Sales at Hold-Thyssen, who negotiated the sale representing the buyers and seller.

Hold-Thyssen based in Winter Park with offices in Clearwater, 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 than 100 commercial properties throughout the United States.

Flagship Companies’ Land Acquisition Set for Retail, Self-Storage - NAI Realvest | Charles Wayne Closes Land Sale for Mixed-use Opportunities in DeLand

DeLand, Fla. -- NAI Realvest | Charles Wayne Commercial closed the sale of 6.44 acres on SR 15A in DeLand.  Lake Mary-based Flagship Companies Group purchased the land for $762,500 to build a mixed-use and self-storage development in the underserved area.

   
"The market is currently underserved when it comes to the supply of flex space that this project will be providing," says Steve Costa principal at NAI Realvest | Charles Wayne who brokered the sale and represented sellers Norman and Victoria Todd of Osprey, Fla. 

The project, strategically located at the northwest corner of the intersection of SpringGarden and S. Adele Avenues in DeLand, will feature “‘Maker’ style spaces to encourage employment opportunities in the SpringGarden area,” Costa said. 

The Maker units will consist of five retail units available for lease to local Artisans in the community.  The units will also have capability for light manufacturing uses with additional storage space and secured outdoor parking, he explained.   

The state-of-the-art facility is to be managed and operated by Extra Space Storage and will also include controlled climate storage units and outdoor parking for RVs and boats. 

Chicago-based Flagship is also building and operating self-storage facilities throughout Florida including Daytona Beach, Port Orange, Sanford, Orlando, Lakeland, Tampa and Sarasota.

The DeLand development will support two full time employees and it is estimated that over 50 people will be necessary to support the mixed-use project at full capacity.


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 Negotiates $670,000 Purchase of Sanford Building - Orlando Electrical Contractor Buys Building, To Double the Company’s Size to 50

SANFORD — Jason G. Toll, MiCP of NAI Realvest successfully negotiated the $670,000 sale of a 5,200 square foot building at a Sanford industrial park from Performance Telecom Inc. to EchoED, an Orlando electrical contracting firm.

The one-story building, at 611 Central Park Drive, is located between State Road 46 and St. Johns Parkway.

“The move from Orlando into Sanford will afford EchoED the opportunity to expand their service by adding approximately 17 to a current staff of 33 thereby helping them to build their client base,” according to Toll, the company’s Director of its Industrial Services Group.

EchoED, who was represented in the transaction by Josiah Biddle of the Orlando-based McNulty Group, plans to be operating from its new location by the first quarter of 2020, according to Toll.

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About NAI Realvest:

Serving all of central Florida, NAI Realvest 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 through NAI Global, an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built their 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’ Newest Central Florida Community – Dean’s Crossing at Little Econ – is Starting to Take Shape in Orlando

ORLANDO – M/I Homes has begun development of Dean’s Crossing at Little Econ just off Dean Road and Curry Ford Rd. in East Orlando.

Sales for the 51-homesite community are expected to begin during the fourth quarter of this year, according to David Byrnes, M/I Homes’ Area President. Prices will range from the high $200s through the $300s.

Amenities at the single-family community will include a community pond with walking trails, Byrnes said.

Five floor plans with varying living spaces will be offered: The Markham, 1,610; The Amhurst, 2,121; The Norwood II, 2,192; The Bedford, 2,433 and The Halifax, 2,888.

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NAI Realvest Closes on Land Near I-75 / SR 44 Interchange, Hotel Construction to Start by Mid-October

Wildwood, Fla. – NAI Realvest recently closed on the $825,000 sale of 2.7 acres at County Road 229 and State Road 44 just east of the I-75 Interchange in Wildwood.

MPH Hotels, Inc. headed by Michael P. Holtz, a hotel developer / operator based in St. Petersburg, purchased the property to build a 92-room Holiday Inn Express that will break ground in mid-late October.

Kevin O’Connor and Matt Cichocki, principals of NAI Realvest, brokered the transaction on behalf of the buyer and the Winter Park-based seller 2511 Howell LLC whose principal is a local investor / owner of several businesses.

MPH currently has several hotels under development or open and operating throughout the Midwest and Florida. The Wildwood hotel is scheduled to open December 1, 2020.

“The SR 44 corridor between I-75 and The Villages has seen a strong surge of development activity since the expansion of The Villages to the south,” O’Connor said.

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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 MPH Hotels, Inc.

MPH Hotels Develops limited service hotels, typically 75 to 150 rooms in secondary markets to operate for a period of time; then sell the hotel and realize the potential gain for the investors. The company sees a tremendous opportunity for growth as the secondary markets continue to grow throughout the country and the need for quality lodging in these markets expands. Since its inception, MPH Hotels has developed/acquired and/or constructed over 26 hotels in seven states. To learn more, visit www.mphhotels.com

Regal | Christie’s International Real Estate Hires British Realtor Duo

ORLANDO – Two real estate agents with commonalities including their names and birthplaces recently joined the sales staff at Regal | Christie’s International Real Estate.

Realtors Janet Allen and Janice Edwards-Diaz, “The Jans Team,” will work out of all five Regal | Christie’s offices, focusing on the luxury segment of the market, assisting buyers and sellers throughout Central Florida and beyond, according to Joyce Marsh, Regal | Christie’s regional manager.

“With more than 40 years of combined experience in the industry, ‘The Jans’ have extensive market knowledge of luxury properties; both local and international,” Marsh said. The team, formerly with Coldwell Banker, focused primarily in the Reunion area for several years and now will broaden their area to include Celebration.

Originally from Wales, Allen came to the United States on a golf scholarship at Mississippi State University where she graduated with a bachelor’s degree in the management of building construction and land development. A Class A member of the PGA of America, she had a successful career in the golf industry before obtaining her real estate license in 2012. Since then, the Certified International Property Specialist has focused on the global luxury market.

Edwards-Diaz, a native of England, has been a licensed realtor since 1986. The University of Lancaster graduate came to the Orlando area as part of the sales and marketing team for Disney World’s opening of the EPCOT Center, beginning a successful leadership career in hospitality before delving into real estate. A Certified Luxury Home Marketing Specialist and member of the Million Dollar Club, Edwards-Diaz is fluent in Spanish and French, and offers clients a combination of local knowledge and international sales experience.

With five central Florida offices [Orlando, Celebration, Winter Park, Lake Mary and Clermont], Regal | Christie’s hires the industry’s top performing agents to provide buyers and sellers of luxury real estate an unparalleled level of customer service.

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