ORLANDO, Fla. --- NAI Realvest recently negotiated a seven-year lease agreement for office space in La Vina Office at Lake Nona at 9161 Narcoossee Rd. in East Orlando.
Mary Frances West, CCIM senior associate at NAI Realvest, negotiated the lease of suite B209 with 2,706 square feet of professional office space in the upscale facility representing the landlord Orlando-based Ripley’s International, LLC.
The new tenant is Van Dyke Gynecology who was represented by Richard Schauseil of Charles Rutenberg Realty.
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For more information, contact: Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989, mwest@realvest.com; Patrick Mahoney, President, NAI Realvest, 407-875-9989, pmahoney@realvest.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 325 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.
Showing posts with label lease. Show all posts
Showing posts with label lease. Show all posts
Friday, March 18, 2011
NAI Realvest Negotiates New Long-Term Restaurant Lease at Boardwalk Plaza in UCF area
ORLANDO, Fla. – NAI Realvest recently negotiated a new five-year lease agreement for Suite 1018, an endcap space with drive-through in the Boardwalk Plaza located at 3100 Alafaya Trail in Oviedo.
NAI Realvest principals Matt Cichocki and Kevin O’Connor negotiated the transaction representing both the landlord, Boardwalk Plaza LLC of Gardena, Calif. and the new tenant AC/BA LLC of Oviedo.
The tenant plans to open a Mediterranean style café by the end of March serving coffees, fresh baked goods, sandwiches, Middle Eastern dishes and smoothies.
The 8,312 square foot Boardwalk Plaza is currently 83 percent leased.
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For more information, contact: Matt Cichocki and Kevin O’Connor, NAI Realvest 407-875-9989; mcichocki@realvest.com; koconnor@realvest.com; Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com
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 325 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 principals Matt Cichocki and Kevin O’Connor negotiated the transaction representing both the landlord, Boardwalk Plaza LLC of Gardena, Calif. and the new tenant AC/BA LLC of Oviedo.
The tenant plans to open a Mediterranean style café by the end of March serving coffees, fresh baked goods, sandwiches, Middle Eastern dishes and smoothies.
The 8,312 square foot Boardwalk Plaza is currently 83 percent leased.
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For more information, contact: Matt Cichocki and Kevin O’Connor, NAI Realvest 407-875-9989; mcichocki@realvest.com; koconnor@realvest.com; Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com
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 325 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.
Thursday, March 10, 2011
NAI Realvest Negotiates Sublease for 4,615 Square Feet of Class A Office Space at Lincoln Plaza in Downtown Orlando
ORLANDO, Fla. - NAI Realvest recently negotiated a sublease agreement for 4,615 square feet of Class A office space at 300 S. Orange Ave. in downtown Orlando.
NAI Realvest associate Drew Saphos, CCIM, George Livingston, chairman emeritus and principal Christie Alexander negotiated the agreement representing the local subtenant, Wave Software who subleased suite 900 in the 16-story Lincoln Plaza building at the intersection of Orange Ave. and South Street.
Wave Software, a provider of software applications for the legal community, relocated its corporate headquarters to the downtown facility from Millenia Blvd. in south Orlando.
The Shutts & Bowen law firm is the sublandlord and was represented by CNL Commercial Real Estate in the transaction.
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For more information contact: Christie Alexander, Principal, NAI Realvest 407-949-0704 calexander@realvest.com; George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 glivingston@realvest.com; Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com
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 325 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 associate Drew Saphos, CCIM, George Livingston, chairman emeritus and principal Christie Alexander negotiated the agreement representing the local subtenant, Wave Software who subleased suite 900 in the 16-story Lincoln Plaza building at the intersection of Orange Ave. and South Street.
Wave Software, a provider of software applications for the legal community, relocated its corporate headquarters to the downtown facility from Millenia Blvd. in south Orlando.
The Shutts & Bowen law firm is the sublandlord and was represented by CNL Commercial Real Estate in the transaction.
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For more information contact: Christie Alexander, Principal, NAI Realvest 407-949-0704 calexander@realvest.com; George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 glivingston@realvest.com; Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com
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 325 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.
Friday, March 4, 2011
NAI Realvest Negotiates New Lease at South Park Business Center with Makeup and Special Effects Artistry Studio
ORLANDO, Fla. – NAI Realvest recently negotiated a new industrial lease agreement for 1,830 square feet in Suite 102 at South Park Business Center, a flex, office and warehouse center at 8600 Commodity Circle in Orlando.
Tom Kelley CCIM, principal at NAI Realvest, brokered the transaction on behalf of Miami-based South Park, LLC, the landlord of the 58,000 square foot business center built in 2008.
The new tenant is Blue Whale Studios, Inc. a full service make up and special effects make up studio serving Central Florida.
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For more information, contact: Tom Kelley, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com; Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com
About NAI Realvest: NAI Realvest in Orlando, 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 325 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.
Tom Kelley CCIM, principal at NAI Realvest, brokered the transaction on behalf of Miami-based South Park, LLC, the landlord of the 58,000 square foot business center built in 2008.
The new tenant is Blue Whale Studios, Inc. a full service make up and special effects make up studio serving Central Florida.
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For more information, contact: Tom Kelley, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com; Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com
About NAI Realvest: NAI Realvest in Orlando, 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 325 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.
Friday, February 25, 2011
NAI Realvest Negotiates New Retail Lease for Sushi Pop Restaurant in Oviedo
ORLANDO, Fla. – NAI Realvest recently negotiated a new lease agreement for 2,782 square feet of retail space at 310 West Mitchell Hammock Rd. in Oviedo.
Vice President George Viele at NAI Realvest, negotiated the lease agreement representing the landlord, Jourdan Crossing, LLC.
The new tenant is Chau Man, LLC, owner of the Sushi Pop restaurant which recently opened in suite 900 at the retail center featuring seafood and chops.
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For more information please contact: George Viele, Vice President NAI Realvest, 407-875-9989 gviele@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.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 325 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.
Vice President George Viele at NAI Realvest, negotiated the lease agreement representing the landlord, Jourdan Crossing, LLC.
The new tenant is Chau Man, LLC, owner of the Sushi Pop restaurant which recently opened in suite 900 at the retail center featuring seafood and chops.
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For more information please contact: George Viele, Vice President NAI Realvest, 407-875-9989 gviele@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.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 325 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.
Tuesday, February 22, 2011
Emerson International Negotiates Six New Leases That Total 6,322 Square Feet of Office Space in Winter Park, Altamonte Springs and Longwood
ALTAMONTE SPRINGS, Fla. --- Emerson International recently negotiated six new lease agreements that total 6,322 square feet of office space at three of its developments--Sanlando Center in Longwood, CenterPointe in Altamonte Springs and Louisiana Office Park in Winter Park.
Sean Westcott, director of leasing and property management for Emerson International, negotiated all six leases on behalf of the landlord, Emerson International.
At CenterPointe Office Park on CenterPointe Circle in Altamonte Springs, A Fresh New Start leased Suite 1565 with 432 square feet at 401 CenterPoint Circle, and Sacred Heart Clinic leased Suite 1116 with 415 square feet at 370 CenterPointe Circle.
PHXX-E, LLC leased 2,649 square feet at Suite 6116, 2180 West S.R. 434 at the Sanlando Center in Longwood, and at 2170 West S.R. 434 suite 214 with 747 square feet at Sanlando was leased to Luis C.G. Ortega.
New lease agreements were also completed by Westcott at Emerson International’s Louisiana Office Park in Winter Park where Norman L. Hull, P.A. leased 993 square feet in Suite 116, 1133 Louisiana Ave. and Protected Capital Advisors, LLC leased 986 square feet in Suite 111 of the building at 1177 Louisiana Ave.
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For more information contact: Sean Westcott, Director of Leasing and Property Management, Emerson International, Inc. 407-834-9560 swestcott@emerson-us.com; Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com
About Emerson International: Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies.
Sean Westcott, director of leasing and property management for Emerson International, negotiated all six leases on behalf of the landlord, Emerson International.
At CenterPointe Office Park on CenterPointe Circle in Altamonte Springs, A Fresh New Start leased Suite 1565 with 432 square feet at 401 CenterPoint Circle, and Sacred Heart Clinic leased Suite 1116 with 415 square feet at 370 CenterPointe Circle.
PHXX-E, LLC leased 2,649 square feet at Suite 6116, 2180 West S.R. 434 at the Sanlando Center in Longwood, and at 2170 West S.R. 434 suite 214 with 747 square feet at Sanlando was leased to Luis C.G. Ortega.
New lease agreements were also completed by Westcott at Emerson International’s Louisiana Office Park in Winter Park where Norman L. Hull, P.A. leased 993 square feet in Suite 116, 1133 Louisiana Ave. and Protected Capital Advisors, LLC leased 986 square feet in Suite 111 of the building at 1177 Louisiana Ave.
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For more information contact: Sean Westcott, Director of Leasing and Property Management, Emerson International, Inc. 407-834-9560 swestcott@emerson-us.com; Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com
About Emerson International: Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies.
NAI Realvest Negotiates Renewal Agreement for 11,600sf of industrial Space at Kissimmee
ORLANDO, Fla. – NAI Realvest negotiated a renewal agreement for 11,600 square feet of industrial space leased by Hardin Construction Company, LLC at 1780 Business Center Lane at Poinciana CommerCenter West in Kissimmee.
Michael Heidrich, a principal at NAI Realvest, negotiated the transaction representing the landlord, Maitland-based Realvest-Poinciana LLC.
Hardin leases the largest space at Poinciana CommerCenter West, which opened in 2008.
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For more information, contact: Michael Heidrich, Principal, NAI Realvest, 407-875-9989 mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com; Beth Payan or Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com
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 325 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.
Michael Heidrich, a principal at NAI Realvest, negotiated the transaction representing the landlord, Maitland-based Realvest-Poinciana LLC.
Hardin leases the largest space at Poinciana CommerCenter West, which opened in 2008.
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For more information, contact: Michael Heidrich, Principal, NAI Realvest, 407-875-9989 mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com; Beth Payan or Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com
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 325 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.
Monday, February 14, 2011
Downtown Avalon Park to Welcome Bayridge Sushi
ORLANDO, Fla. --- Avalon Park Group’s Vice President Rich Browning recently negotiated a long-term lease agreement with Bayridge Sushi for 5,427 square feet of retail space at 3680 Avalon Park Blvd. East in downtown Avalon Park.
Stephanie Hodson, marketing director at Avalon Park Group, said this will be owner Ben Lu’s third Bayridge Sushi location in Central Florida.
“Ben Lu moved to New York City when he was a teenager to work in his Master Sushi Chef’s restaurant,” Hodson explained. “He started the first Bayridge Sushi restaurant in Bayridge, NY which was rated 4 stars (****) by the New York Daily News.
Ten years ago he opened his first Central Florida restaurant in Longwood to great reviews including the Orlando Sentinel which commented “If raw fish is your dish, this is your place” and Orlando Weekly which stated “Bayridge Sushi…swimmingly good.” He later opened a second Central Florida location on SR 436 near Apopka, which was voted by a local newspaper “Best Sushi 2010,” she said.
Buildout will commence during the first quarter and the restaurant will offer a full bar, hibachi tables and outdoor seating. Hodson said the restaurant is expected to open by the end of September or October 2011.
Bayridge Sushi was represented by Frank Thomas of Fact Business & Realty, Inc.
For more information about Bayridge Sushi visit http://www.bayridgesushionline.com/
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For more information contact:
Stephanie Hodson, Marketing Director Avalon Park Group, 407-658-6565 stephanie@avalonparkgroup.com; http://www.avalonpark.com/;Rich Browning, Vice President Avalon Park Group, 407-658-6565, richb@avalonparkgroup.com; Frank Thomas, Founder Fact Companies, 407-333-3305 factinvest@cfl.rr.com
Stephanie Hodson, marketing director at Avalon Park Group, said this will be owner Ben Lu’s third Bayridge Sushi location in Central Florida.
“Ben Lu moved to New York City when he was a teenager to work in his Master Sushi Chef’s restaurant,” Hodson explained. “He started the first Bayridge Sushi restaurant in Bayridge, NY which was rated 4 stars (****) by the New York Daily News.
Ten years ago he opened his first Central Florida restaurant in Longwood to great reviews including the Orlando Sentinel which commented “If raw fish is your dish, this is your place” and Orlando Weekly which stated “Bayridge Sushi…swimmingly good.” He later opened a second Central Florida location on SR 436 near Apopka, which was voted by a local newspaper “Best Sushi 2010,” she said.
Buildout will commence during the first quarter and the restaurant will offer a full bar, hibachi tables and outdoor seating. Hodson said the restaurant is expected to open by the end of September or October 2011.
Bayridge Sushi was represented by Frank Thomas of Fact Business & Realty, Inc.
For more information about Bayridge Sushi visit http://www.bayridgesushionline.com/
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For more information contact:
Stephanie Hodson, Marketing Director Avalon Park Group, 407-658-6565 stephanie@avalonparkgroup.com; http://www.avalonpark.com/;Rich Browning, Vice President Avalon Park Group, 407-658-6565, richb@avalonparkgroup.com; Frank Thomas, Founder Fact Companies, 407-333-3305 factinvest@cfl.rr.com
NAI Realvest Negotiates New Lease Agreement with Nemours at La Vina Marketplace in Southeast Orlando
MAITLAND - NAI Realvest recently negotiated a new lease agreement with Nemours for 7,099 square feet of office space at La Vina Marketplace, 9145 Narcoossee Rd. in southeast Orlando.
Senior Associate Mary Frances West, CCIM negotiated the transaction representing the landlord, Orlando-based Ripley’s International LLC.
The tenant, who already occupies 5,246 square feet for its Nemours Children’s Hospital Preview Center on the first floor of La Vina Marketplace, is expanding into second floor suites A200, 201, 202 and 206. The expansion will bring the total square footage Nemours occupies to 12,345 square feet at the La Vina Marketplace. Mickey Hage of Mickey Hage, Inc. represented Nemours in the transaction.
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For more information, contact: Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989 mwest@realvest.com; Patrick Mahoney, Chief Operating Officer NAI Realvest, 407-875-9989 pmahoney@realvest.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 325 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,
Senior Associate Mary Frances West, CCIM negotiated the transaction representing the landlord, Orlando-based Ripley’s International LLC.
The tenant, who already occupies 5,246 square feet for its Nemours Children’s Hospital Preview Center on the first floor of La Vina Marketplace, is expanding into second floor suites A200, 201, 202 and 206. The expansion will bring the total square footage Nemours occupies to 12,345 square feet at the La Vina Marketplace. Mickey Hage of Mickey Hage, Inc. represented Nemours in the transaction.
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For more information, contact: Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989 mwest@realvest.com; Patrick Mahoney, Chief Operating Officer NAI Realvest, 407-875-9989 pmahoney@realvest.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 325 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,
Tuesday, February 8, 2011
Winston-James Development Negotiates Lease Agreements for Commercial Space in South Daytona, Oviedo
SOUTH DAYTONA - Winston-James Development, Inc., which developed the Beville Road Business Park in South Daytona and the Aloma Commerce Center in Oviedo, recently negotiated new lease agreements at both centers.
Winston Schwartz, president of Winston-James Development, said Iron Beast, LLC leased 1,000 square feet of office space at the Beville Road Business Park on Beville Rd. at S.R. 5A in South Daytona. The tenant is a promotional firm that markets tee-shirts and other items for various national motorcycle events and world famous Daytona Beach Bike Week.
At the same time, Schwartz said Winston-James Development leased 950 square feet of industrial space at Aloma Commerce Center on Wrights Rd. off Aloma Ave. and S.R. 417 in Oviedo to J.I.R. Services, Inc. an electrical subcontracting company.
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For more information, contact:Winston Schwartz, President, Winston-James Development, Inc 933 Beville Rd., South Daytona, Fla. 32119; 386-760-2555; James Adley, Principal, Winston-James Development, Inc. 386-760-2555; Charles N. Kasza, Vice President Winston-James Development, Inc. 386-760-2555
Winston Schwartz, president of Winston-James Development, said Iron Beast, LLC leased 1,000 square feet of office space at the Beville Road Business Park on Beville Rd. at S.R. 5A in South Daytona. The tenant is a promotional firm that markets tee-shirts and other items for various national motorcycle events and world famous Daytona Beach Bike Week.
At the same time, Schwartz said Winston-James Development leased 950 square feet of industrial space at Aloma Commerce Center on Wrights Rd. off Aloma Ave. and S.R. 417 in Oviedo to J.I.R. Services, Inc. an electrical subcontracting company.
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For more information, contact:Winston Schwartz, President, Winston-James Development, Inc 933 Beville Rd., South Daytona, Fla. 32119; 386-760-2555; James Adley, Principal, Winston-James Development, Inc. 386-760-2555; Charles N. Kasza, Vice President Winston-James Development, Inc. 386-760-2555
Friday, February 4, 2011
NAI Realvest Negotiates New and Renewal Leases totaling 5,500 square feet in Apopka and Orlando
ORLANDO, Fla. – NAI Realvest recently negotiated two lease agreements for industrial space that totals 5,500 square feet in Orlando and Apopka.
Michael Heidrich, principal at NAI Realvest, brokered the transactions on behalf of the landlords.
At the Mackin Commerce Center in Apopka, Heidrich negotiated a new lease with Doormax, Inc. and Wesley J. Aksell for 1,500 square feet at Suite B-4, 2312 Clark Street. Orlando-based Mackin Commerce Center Ltd. is the landlord.
Heidrich also negotiated a renewal agreement with Class A Carpets, Inc. at Goldenrod CommerCenter. The tenant renewed its lease early, extending for two more years the occupancy of suites 110 and 115 with 4,000 square feet at 1460 N. Goldenrod Rd. COP-Goldenrod, LLC of Maitland is the landlord.
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For more information, please contact: Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com
Michael Heidrich, principal at NAI Realvest, brokered the transactions on behalf of the landlords.
At the Mackin Commerce Center in Apopka, Heidrich negotiated a new lease with Doormax, Inc. and Wesley J. Aksell for 1,500 square feet at Suite B-4, 2312 Clark Street. Orlando-based Mackin Commerce Center Ltd. is the landlord.
Heidrich also negotiated a renewal agreement with Class A Carpets, Inc. at Goldenrod CommerCenter. The tenant renewed its lease early, extending for two more years the occupancy of suites 110 and 115 with 4,000 square feet at 1460 N. Goldenrod Rd. COP-Goldenrod, LLC of Maitland is the landlord.
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For more information, please contact: Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com
Tuesday, February 1, 2011
NAI Realvest Negotiates New Office Lease in Maitland Center
MAITLAND - NAI Realvest negotiated a new lease agreement for 1,991 square feet of office space in suite 104 at 1015 Maitland Center Commons Blvd.
Michael Heidrich, a principal in the firm, brokered the transaction representing the Maitland-based landlord, 1015 Maitland Center Commons, LLC and the tenant, Azuleri, Inc., a hearing aid systems manufacturer relocating from southeast Orlando.
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For more information, contact: Michael Heidrich, Principal, NAI Realvest 407-875-9989 mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.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 through NAI Global, an international commercial real estate network with over 325 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.
Michael Heidrich, a principal in the firm, brokered the transaction representing the Maitland-based landlord, 1015 Maitland Center Commons, LLC and the tenant, Azuleri, Inc., a hearing aid systems manufacturer relocating from southeast Orlando.
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For more information, contact: Michael Heidrich, Principal, NAI Realvest 407-875-9989 mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.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 through NAI Global, an international commercial real estate network with over 325 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.
NAI Realvest Negotiates Two New Industrial Leases totaling 5,000 Square Feet in Orlando
MAITLAND – Michael Heidrich, principal at NAI Realvest recently negotiated two lease agreements for industrial space totaling 5,000 square feet at Hanging Moss CommerCenter and Airport Industrial Center in Orlando.
Heidrich represented the landlord Maitland-based COP-Hanging Moss, LLC in a lease to Winter Park Auto Exchange, Inc. for suite 410 with 2,000 square feet at 6112 Hanging Moss Rd.
At 7466 Narcoossee Rd., Citadel Capital Management, Inc. of Winter Park leased unit 200-F with 3,000 square feet . Heidrich negotiated the transaction on behalf of the landlord Airport Investment Properties, LLC of Columbus, Ohio. Rory Williams of Acquisition Consultants represented the tenant.
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For more information contact: Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.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 325 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.
Heidrich represented the landlord Maitland-based COP-Hanging Moss, LLC in a lease to Winter Park Auto Exchange, Inc. for suite 410 with 2,000 square feet at 6112 Hanging Moss Rd.
At 7466 Narcoossee Rd., Citadel Capital Management, Inc. of Winter Park leased unit 200-F with 3,000 square feet . Heidrich negotiated the transaction on behalf of the landlord Airport Investment Properties, LLC of Columbus, Ohio. Rory Williams of Acquisition Consultants represented the tenant.
* * *
For more information contact: Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.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 325 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.
Friday, January 28, 2011
NAI Realvest Negotiates New Lease for 9,675 Square Feet, increasing occupancy to 100 Percent at the Winter Park Commerce Center
ORLANDO, Fla. – NAI Realvest recently completed a lease agreement for 9,675 square feet of office/industrial space at Winter Park Commerce Center near downtown Winter Park.
Michael Heidrich, principal at NAI Realvest negotiated the transaction representing the landlord, Winter Park-based WFI.
Jack Lynch, senior associate at NAI Realvest represented the new tenant Hype Marketing d/b/a Fulfillment Experts, Inc., who leased units 913, 915 and 937 N. Pennsylvania Ave., and increased the occupancy to 100 percent at Winter Park Commerce Center.
* * *
For more information contact: Jack Lynch, NAI Realvest 407-875-9989 or jlynch@realvest.com; Michael Heidrich, NAI Realvest 407-875-9989 or mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com; Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.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 325 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.
Michael Heidrich, principal at NAI Realvest negotiated the transaction representing the landlord, Winter Park-based WFI.
Jack Lynch, senior associate at NAI Realvest represented the new tenant Hype Marketing d/b/a Fulfillment Experts, Inc., who leased units 913, 915 and 937 N. Pennsylvania Ave., and increased the occupancy to 100 percent at Winter Park Commerce Center.
* * *
For more information contact: Jack Lynch, NAI Realvest 407-875-9989 or jlynch@realvest.com; Michael Heidrich, NAI Realvest 407-875-9989 or mheidrich@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com; Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.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 325 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.
Turning Your Leased Industrial Facilities into a Profit Center
Turning Your Leased Industrial Facilities into a Profit Center By George Livingston and Christie Alexander
Ed. Note: George Livingston is founder and chairman of NAI Realvest, based in Maitland, one of the most active commercial real estate brokerage firms in Central Florida. He is a principal of CommerCenters, LLC, which ranks as one of the region’s largest developers of industrial facilities.
According to current economic indicators---and most economists--- U.S. business and industry will likely show measurable signs of improvement in 2011. That means the window is narrowing on the opportunity for industrial firms to recognize significantly improved revenue from their leased facilities.
That may seem counter-intuitive at first. But the current economic cycle is rife with opportunity for successful enterprises with positive credit history. Your landlord is loath to admit it, but the fact is, your company---more specifically your leasehold obligation---is one of your landlord’s principal assets right now.
Nationwide, commercial properties---including the facilities you occupy now---have decreased in value as a result of the real estate decline and the accompanying recession. With regional and local market vagaries, all properties have suffered. As undercapitalized companies downsized or folded, vacancies spiked and rents from remaining tenants have not made up the difference.
That means the capital value of your monthly rent payment---the relative proportion of your landlord’s mortgage payment or ROI covered by your payment---is substantially greater than the numerical dollar value. Your landlord and your landlord’s lender are both eminently aware of this.
To the extent that you can turn that value differential into cash---or concessions---you can improve your company’s cash position.
But beware the window is closing. As the economy improves and more companies expand, the value differential will evaporate.
If your lease is due for renewal this year, current market conditions are even more favorable.
Landlords will agree to substantial concessions to retain a good tenant. Even if your lease is not due for renewal soon, negotiate now and offer to extend the term.
A reputable offer of terms and conditions from a new landlord will inevitably lead to stronger concessions from your current landlord.
From your current landlord’s perspective, the only meaningful differential is an estimate of your relocation costs versus his cost to lease the space to a new tenant.
Well-informed---and well-represented---tenants are cutting very good deals now with pragmatic landlords, fixing advantageous rates, lengthening lease terms and negotiating improvements and upgrades.
In the current market cycle, most companies will benefit from lease negotiations conducted with the expertise of a good tenant representative. Almost every commercial property firm today retains associates whose specialty is representing the interests of tenants.
Such specialists have the capacity to research properties, landlords and local market conditions, and know which concessions are most reasonable.
They also know the conditions landlords face. A newly built industrial property may have minimum lease requirements imposed by lenders, and thus might be more flexible granting improvements or upgrades than lower lease rates.
Landlords of older properties may be in a better position to wait out the recovery and thus be less inclined to negotiate generous concessions of any sort. A good tenant representative will know the inside story.
The end result is the same. Time is of the essence. Act now and you can lock in rates and terms that fit your business plan and substantially improve your bottom line.
Ed. Note: George Livingston is founder and chairman of NAI Realvest, based in Maitland, one of the most active commercial real estate brokerage firms in Central Florida. He is a principal of CommerCenters, LLC, which ranks as one of the region’s largest developers of industrial facilities.
According to current economic indicators---and most economists--- U.S. business and industry will likely show measurable signs of improvement in 2011. That means the window is narrowing on the opportunity for industrial firms to recognize significantly improved revenue from their leased facilities.
That may seem counter-intuitive at first. But the current economic cycle is rife with opportunity for successful enterprises with positive credit history. Your landlord is loath to admit it, but the fact is, your company---more specifically your leasehold obligation---is one of your landlord’s principal assets right now.
Nationwide, commercial properties---including the facilities you occupy now---have decreased in value as a result of the real estate decline and the accompanying recession. With regional and local market vagaries, all properties have suffered. As undercapitalized companies downsized or folded, vacancies spiked and rents from remaining tenants have not made up the difference.
That means the capital value of your monthly rent payment---the relative proportion of your landlord’s mortgage payment or ROI covered by your payment---is substantially greater than the numerical dollar value. Your landlord and your landlord’s lender are both eminently aware of this.
To the extent that you can turn that value differential into cash---or concessions---you can improve your company’s cash position.
But beware the window is closing. As the economy improves and more companies expand, the value differential will evaporate.
If your lease is due for renewal this year, current market conditions are even more favorable.
Landlords will agree to substantial concessions to retain a good tenant. Even if your lease is not due for renewal soon, negotiate now and offer to extend the term.
A reputable offer of terms and conditions from a new landlord will inevitably lead to stronger concessions from your current landlord.
From your current landlord’s perspective, the only meaningful differential is an estimate of your relocation costs versus his cost to lease the space to a new tenant.
Well-informed---and well-represented---tenants are cutting very good deals now with pragmatic landlords, fixing advantageous rates, lengthening lease terms and negotiating improvements and upgrades.
In the current market cycle, most companies will benefit from lease negotiations conducted with the expertise of a good tenant representative. Almost every commercial property firm today retains associates whose specialty is representing the interests of tenants.
Such specialists have the capacity to research properties, landlords and local market conditions, and know which concessions are most reasonable.
They also know the conditions landlords face. A newly built industrial property may have minimum lease requirements imposed by lenders, and thus might be more flexible granting improvements or upgrades than lower lease rates.
Landlords of older properties may be in a better position to wait out the recovery and thus be less inclined to negotiate generous concessions of any sort. A good tenant representative will know the inside story.
The end result is the same. Time is of the essence. Act now and you can lock in rates and terms that fit your business plan and substantially improve your bottom line.
Friday, January 21, 2011
NAI Realvest Negotiates Two New Office Leases in Orlando and Lake Mary
MAITLAND, Fla. --- NAI Realvest recently negotiated two new lease agreements for office space in Orlando and Lake Mary. NAI Realvest Principal Tom R. Kelley II, CCIM negotiated both transactions.
In Lake Mary Kelley represented the landlord in a lease agreement for 1,275 square feet of
office space at 153 Parliament Loop in Regency Pointe. Jonathan Fitzgerald of KW Commercial represented the tenant, JD Insurance & Financial Group of Lake Mary.
Kelley brokered a lease transaction in Orlando for 750 square feet of office space at 2212 Hillcrest St. where Brian Adams Photographics is the new tenant and Whirly Properties, LLC is the landlord. * * *
For more information contact: Tom R. Kelley II, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com; Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com; Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142
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 325 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.
In Lake Mary Kelley represented the landlord in a lease agreement for 1,275 square feet of
office space at 153 Parliament Loop in Regency Pointe. Jonathan Fitzgerald of KW Commercial represented the tenant, JD Insurance & Financial Group of Lake Mary.
Kelley brokered a lease transaction in Orlando for 750 square feet of office space at 2212 Hillcrest St. where Brian Adams Photographics is the new tenant and Whirly Properties, LLC is the landlord. * * *
For more information contact: Tom R. Kelley II, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com; Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com; Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142
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 325 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.
Monday, November 22, 2010
NAI Realvest Negotiates Industrial Lease Renewal for 9,375sf at Carter CommerCenter in Winter Garden
Maitland – NAI Realvest recently negotiated a renewal agreement for 9,375 square feet of industrial space at 890 and 902 Carter Rd., suites 190-200 in the Carter CommerCenter in Winter Garden.
Michael Heidrich, a principal at NAI Realvest, brokered the transaction on behalf of the landlord COP-Carter, LLC of Maitland and the tenant, Precision Contracting Services, Inc. of Winter Garden.
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 325 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.
* * *
For more information contact: Michael Heidrich, Principal NAI Realvest 407-875-9989 Mheidrich@realvest.com; Patrick Mahoney, President NAI Realvest, 407-875-9989 Pmahoney@realvest.com; Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com
Michael Heidrich, a principal at NAI Realvest, brokered the transaction on behalf of the landlord COP-Carter, LLC of Maitland and the tenant, Precision Contracting Services, Inc. of Winter Garden.
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 325 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.
* * *
For more information contact: Michael Heidrich, Principal NAI Realvest 407-875-9989 Mheidrich@realvest.com; Patrick Mahoney, President NAI Realvest, 407-875-9989 Pmahoney@realvest.com; Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com
Friday, November 19, 2010
NAI Realvest Negotiates Long Term Lease of 11,400sf Industrial Building in Atlas Commerce Park in South Orlando
MAITLAND – NAI Realvest recently negotiated a new eight-year lease agreement for an 11,400 square foot freestanding industrial building on 7.191± acres located at 11176 Boggy Creek Rd. in the Atlas Commerce Park off Tradeport Drive by Orlando International Airport in south Orlando.
Robert Blackwell, SIOR principal at the firm and associates Sean DuPree CCIM, and Jim Murr, CCIM took the assignment from Michael Stanzel and Michael Denton of NAI Robert Lynn in Dallas and negotiated the transaction representing Dayton Superior Corporation. The Miamisburg, Ohio-based tenant manufactures products used in concrete construction.
The landlord is Paul R. Straubinger, LLC c/o Straubcos, LLC of Orlando.
For more information, contact: Robert Blackwell, SIOR of Sean DuPree, CCIM, NAI Realvest 407-875-9989; or rblackwell@realvest.com; sdupree@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com; Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com
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 325 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.
Robert Blackwell, SIOR principal at the firm and associates Sean DuPree CCIM, and Jim Murr, CCIM took the assignment from Michael Stanzel and Michael Denton of NAI Robert Lynn in Dallas and negotiated the transaction representing Dayton Superior Corporation. The Miamisburg, Ohio-based tenant manufactures products used in concrete construction.
The landlord is Paul R. Straubinger, LLC c/o Straubcos, LLC of Orlando.
For more information, contact: Robert Blackwell, SIOR of Sean DuPree, CCIM, NAI Realvest 407-875-9989; or rblackwell@realvest.com; sdupree@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com; Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com
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 325 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.
Tuesday, November 16, 2010
Grubb & Ellis|Commercial Florida Negotiates Long Term Leases totaling 21,493 square feet at Two Orlando Office Buildings
ORLANDO - Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently negotiated two long-term office leases for a total of 21,493 square feet in Orlando. Anne Deason Spencer vice president of the Office Services Group at Grubb & EllisCommercial Florida, negotiated both transactions representing the local tenants.
The Devereaux Foundation, who provides services to children with health or developmental disabilites, has renewed its lease of 17,549 square feet at Citadel I, 5850 TG Lee Blvd. in southeast Orlando. Penn-Florida Realty Corp. is the Orlando-based landlord for the 26-year old, 150,000 square foot building, which is currently 86 percent leased.
Spencer also represented Currency Exchange International, in a new lease agreement for 3,944 square feet at Millenia Park One, 4901 Vineland Rd. in southwest Orlando. The tenant provides its services to retail or hospitality related companies who have international trade or clientele. The landlord for the 10-year-old, 157,000 square foot building is MIL Owner, LLC and was represented in the transaction by Emily Zinaich of Morrison Commercial Real Estate.
* * *
Grubb & EllisCommercial Florida: Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 45 brokers divided among its Orlando, Tampa and Melbourne offices to serve the entire mid-Florida marketplace
About Grubb & Ellis Company: Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,500 professionals in more than 100 company owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
CONTACTS: Anne Spencer, 407-481-5411, aspencer@commercialfl.com; Jeff Sweeney, 407-481-5387, jsweeney@commercialfl.com; Larry Vershel 407-644-4142
The Devereaux Foundation, who provides services to children with health or developmental disabilites, has renewed its lease of 17,549 square feet at Citadel I, 5850 TG Lee Blvd. in southeast Orlando. Penn-Florida Realty Corp. is the Orlando-based landlord for the 26-year old, 150,000 square foot building, which is currently 86 percent leased.
Spencer also represented Currency Exchange International, in a new lease agreement for 3,944 square feet at Millenia Park One, 4901 Vineland Rd. in southwest Orlando. The tenant provides its services to retail or hospitality related companies who have international trade or clientele. The landlord for the 10-year-old, 157,000 square foot building is MIL Owner, LLC and was represented in the transaction by Emily Zinaich of Morrison Commercial Real Estate.
* * *
Grubb & EllisCommercial Florida: Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 45 brokers divided among its Orlando, Tampa and Melbourne offices to serve the entire mid-Florida marketplace
About Grubb & Ellis Company: Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,500 professionals in more than 100 company owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
CONTACTS: Anne Spencer, 407-481-5411, aspencer@commercialfl.com; Jeff Sweeney, 407-481-5387, jsweeney@commercialfl.com; Larry Vershel 407-644-4142
Tuesday, August 31, 2010
Grubb & Ellis|Commercial Florida Negotiates new lease agreement for Fastener Distributor at industrial facility in Tampa
TAMPA – Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, negotiated a lease agreement for 15,945 square feet of industrial space at 4300 E. 7th Ave. at the intersection of N. 43rd Street in Tampa.
Chuck Bohac, vice president in the Industrial & Land Services Group at Grubb & EllisCommercial Florida, brokered the transaction representing the new tenant Vertex Distribution. Vertex is an Attleboro, Mass.-based distributor of fasteners, rivets and clamps relocating its Tampa operations from nearby Adamo Drive.
The landlord is ABD Capital Corporation of Tampa.
* * *
About Grubb & EllisCommercial Florida: Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 45 brokers divided among its Tampa, Orlando and Melbourne offices to serve the entire mid-Florida marketplace. Visit www.commercialfl.com.
About Grubb & Ellis Company: Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
CONTACTS: Chuck Bohac, VP Indus/Land 813-639-1111; Patrick Kelly, Managing Director 813-830-7539
Chuck Bohac, vice president in the Industrial & Land Services Group at Grubb & EllisCommercial Florida, brokered the transaction representing the new tenant Vertex Distribution. Vertex is an Attleboro, Mass.-based distributor of fasteners, rivets and clamps relocating its Tampa operations from nearby Adamo Drive.
The landlord is ABD Capital Corporation of Tampa.
* * *
About Grubb & EllisCommercial Florida: Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 45 brokers divided among its Tampa, Orlando and Melbourne offices to serve the entire mid-Florida marketplace. Visit www.commercialfl.com.
About Grubb & Ellis Company: Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
CONTACTS: Chuck Bohac, VP Indus/Land 813-639-1111; Patrick Kelly, Managing Director 813-830-7539
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