NAI Realvest Negotiates Sale of 12,897 Square Foot Office/Warehouse Building and 2.8 Acres at Prime Intersection in Orlando

ORLANDO, Fla. -- NAI Realvest recently negotiated the sale of the 12,897 square foot industrial facility located at 8120 and 8400 S. Orange Ave. at the corner of Sand Lake Rd. in Orlando.

Robert Blackwell, SIOR principal at NAI Realvest and associate Sean DuPree, CCIM negotiated the transaction representing the seller, Redmond, Wash.-based Univar USA, Inc.

PetroLiance Properties, LLC of Apex N.C. paid $875,000 for the property which includes 2,897 square feet of office space. Clemens Commercial Real Estate represented the buyer.
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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 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:Robert Blackwell, SIOR or Sean Dupree, CCIM at NAI Realvest 407-875-9989; rblackwell@realvest.com, sdupree@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com

NAI Realvest Negotiates Sublease for 15,000 square foot warehouse facility in Lakeland

MAITLAND – NAI Realvest recently negotiated a new sublease agreement for the 15,000 square foot warehouse facility and its 4.26-acre site at 3306 Waterfield Rd. off U.S. 98 and Polk Parkway in Lakeland.

Sean DuPree CCIM, associate at NAI Realvest, negotiated the transaction representing the sublessor Atlantic Acquisition Corp. d/b/a Allied Building Products, headquartered in East Rutherford, N.J.

The tenant, subleasing the property for two-and-a-half years, is The Car Book, Inc. of Auburndale, Fla.

For more information contact: Sean DuPree, CCIM, NAI Realvest 407-875-9989; sdupree@realvest.com; Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.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.

NAI Realvest Negotiates Lease For 6,000sf at Central Florida Industrial Park in Sanford

MAITLAND - NAI Realvest recently negotiated a renewal lease agreement for 6,000 square feet of office/warehouse space in the Central Florida Industrial Park, 801 Central Park Drive in Sanford.

Michael Heidrich, principal at the firm, brokered the transaction working with both the landlord, Winter Park-based Selwo Investment Group, and the tenant, DHR Mechanical Services Orlando, Inc. d/b/a Shumate Mechanical, a Sanford-based mechanical service contractor.

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.

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

Winston-James Development negotiates new lease agreement at Beville Road Business Park in South Daytona

SOUTH DAYTONA, Fla. --- Winston-James Development, Inc. recently negotiated a new lease agreement for 1,050 square feet of office/warehouse space at the Beville Road Business Park, located on Beville Rd. at SR 5A in South Daytona.

Joseph Schwartz, development coordinator for Winston-James Development, negotiated the lease agreement with Makotek, Inc. a prime contractor with Time-Warner Cable.

For more information, contact:
Winston Schwartz, President, Winston-James Development, Inc. Beville Rd., South Daytona, Fla. 32119; 386-760-2555

James Adley, Principal, Winston-James Development, Inc. 386-760-2555

Larry Vershel, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

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