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.

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

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

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.

Luxury Waterfront Homes Selling at Bargain Prices in Space Coast Region

COCOA- Luxury waterfront homes, although still in high demand, are selling at bargain prices in the Space Coast region, according to two of the area’s most successful realtors.

Jack Jeffcoat and Kyle Hogan of Stirling Sotheby’s International Realty’s Coastal Lifestyles Group, which specializes in luxury homes in the Space Coast region, said one recent sale previously offered at $1.9 million closed for little more than half its offering price at $1,015,000.

“Luxury home owners are highly motivated to sell and pricing and terms are very flexible,” said Jeffcoat.

“This is a buyer’s market, especially in the million dollars plus range, and some fantastic waterfront estate homes are on the market at prices we won’t see again in our lifetimes,” he said.
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For more information contact:
Jack C. Jeffcoat, III, Coastal Lifestyle Group, Stirling Sotheby’s International Realty, 321-536-1461, jjeffcoat@stirlingsir.com; Kyle Hogan, Coastal Lifestyle Group, Stirling Sotheby’s International Realty, 321-536-1461; Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-588-1260

Grubb & Ellis|Commercial Florida Negotiates Sublease for 16,160 Square Feet of Warehouse Space for a Family Fun Center in Tampa

TAMPA, Fla. – Grubb & EllisCommercial Florida which is associated with 130 Grubb & Ellis offices worldwide, recently negotiated a sublease agreement for 16,160 square feet of surplus warehouse space located at 622-624 Ware Blvd. in Tampa.

Chuck Bohac, vice president with the Industrial & Land Services Group at Grubb & EllisCommercial Florida, negotiated the transaction representing the sublessee, Xtreme World Fun Center, LLC based in Orlando. The family entertainment center will be equipped to accommodate birthday parties and other groups with full indoor trampolines when it opens in the first quarter of 2010.

The sublandlord is Third Dunkin’ Donuts Realty, LLC based in Canton, Mass.

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 30 brokers divided among its Tampa, Orlando and Melbourne offices which serve the entire mid-Florida marketplace. Visit www.commercialfl.com.

About Grubb & Ellis:
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 Grubb & Ellis Realty Investors, 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), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges and other real estate investment funds. For more information, visit www.grubb-ellis.com.

Contacts:
Chuck Bohac 813-639-1111
Jeff Sweeney, President 407-481-5387
Larry Vershel 407-644-4142

NAI Realvest Negotiates Two New Lease Agreements totaling 4,453 square feet of office and flex space at South Park Business Center

ORLANDO, Fla. – NAI Realvest recently negotiated two new lease agreements for a total of 4,453 square feet at South Park Business Center located at 8600 Commodity Circle in Orlando.

Tom Kelley CCIM, principal at NAI Realvest, brokered both transactions on behalf of the landlord, South Park, LLC of Miami and the tenants.

Orlando-based First Credit Commercial Capital Corp. leased 2,307 square feet of office space and PPT Strength & Conditioning, LLC of Orlando leased 2,146 square feet of flex space at the business center.

For more information, please contact:
Tom Kelley, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@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, 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.

Cotter-Ryan Commercial Starts Construction of 20,000 Square Foot Premier Surgery Center off U.S. 441 in Tavares

Cotter-Ryan Commercial Starts Construction of 20,000 Square Foot Premier Surgery Center off U.S. 441 in Tavares

TAVARES, Fla. - Cotter-Ryan Commercial has started construction of the 20,000 square foot Premier Surgery Center, located on Vindale Rd. off U.S. 441 in Tavares.

Scott Ryan, president of Cotter-Ryan Commercial, LLC, said Hari Holding, LLC of Tavares is developing the facility, which will include an 11,000 square foot ambulatory surgery center and 9,000 square feet of medical office space.

Ryan said construction should be completed by spring 2010.

For more information, contact:
Scott H. Ryan, President, Cotter-Ryan Commercial, LLC, 407-786-7686 sryan@cotterryan.com
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142, lvershelco@aol.com

Stirling Sotheby’s International Realty negotiates lease agreement for 4,558 square feet of Class A office space in Plaza North Tower in Orlando

Stirling Sotheby’s International Realty negotiates lease agreement for 4,558 square feet of Class A office space in Plaza North Tower in Downtown Orlando

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said John Kurtz of Stirling Sotheby’s International Realty’s World Marketing Center Team negotiated the lease agreement representing the landlord, Swamp Donkey LLC.

The lease agreement is worth more than $500,000, Soderstrom said.

For more information please contact
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-588-1260

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

About Stirling Sotheby’s International Realty
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, commercial, worldwide auctions, property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates five performance centers which serve all of Central Florida.

Small Bay Partners, LLC, Succeeding Despite Economy Downturn

Small Bay Partners, LLC, Succeeding Despite Economy Downturn

ORLANDO, Fla. - Small Bay Partners, LLC, the Orlando-based company that specializes in developing small bay industrial facilities for business users of 2,000 to 20,000 square feet of space, has continued to grow despite a sagging economy.

Howard Schieferdecker, one of the founders and principals of Small Bay Partners, LLC, said good planning is the reason.

“Our master strategy has always been to limit debt on our properties,” Schieferdecker said.

“When we saw the problems coming in late 2007 and early 2008, we did everything we could to reduce debt as much as possible, so most of the property that we have now is owned free and clear,” he said.

Small Bay currently owns a 16-acre Apopka parcel that is slated for future development, Monroe CommerCenter IV in Sanford, with 73,650 square feet of warehouse condominium space; and Poinciana CommerCenter, which is under development now with 120,000 square feet.

“The key to surviving downturns is to avoid excessive debt on development projects,” Geof Longstaff, another principal of Small Bay Partners, explained.

Small Bay Partners is also well capitalized.

“We have quite a bit of cash in the bank to hold us. If there is a problem that comes up, we have plenty of funds to take care of it until the market turns,” he said.

For more information contact
Howard Schieferdecker, Principal Small Bay Partners, LLC 407-702-3131, haschief@aol.com;
Geof Longstaff, Principal Small Bay Partners, LLC - 407-786-5040; glongstaff@mercantilecc.com;
George Livingston, Principal, Small Bay Partners LLC - 407-857-9989 glivingston@realvest.com;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Small Bay Partners to Start Construction of First Phase of Industrial Facility in Southeast Orlando

Small Bay Partners to Start Construction of First Phase of Industrial Facility in Southeast Orlando

ORLANDO, Fla. – Small Bay Partners, LLC, which ranks as one of the region’s most active developers of industrial facilities for small bay users, plans to start construction on the first phase of a new CommerCenter project at 7629 Narcoossee Road (just North of the Beachline Expressway) in southeast Orlando before the end of the year.

Howard Schieferdecker, one of the principals in the firm, said Small Bay is taking a fresh approach with its new project.

Along with industrial space, the firm plans to develop 14,000 square feet of retail space and 106,000 square feet of industrial condominiums in the 120,000 square foot CommerCenter facility.

The first phase will include 57,000 square feet, Schieferdecker said, including all of the planned retail space.

Small Bay Partners has developed more than 500,000 square feet of industrial space in four Central Florida locations in Sanford, Winter Garden, South and East Orlando.

Small Bay reports it has sold some 33,150 square feet of space – 45 percent of the condo space available – in the fourth phase at Monroe CommerCenter in Sanford.

Schieferdecker said 40,500 square feet of space remains for sale at Monroe CommerCenter IV with the total project being 73,650 square feet of small bay industrial space.

For more information contact:
Howard Schieferdecker, Principal Small Bay Partners, LLC 407-702-3131, haschief@aol.com;
Geof Longstaff, Principal Small Bay Partners, LLC - 407-786-5040; glongstaff@mercantilecc.com;
George Livingston, Principal, Small Bay Partners LLC - 407-857-9989 glivingston@realvest.com;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142