NAI Realvest Negotiates Sale of Longwood Industrial Building for $2.715 Million

Maitland, Fla. --- NAI Realvest recently negotiated the sale of a 55,520 square foot industrial building situated on four acres at 1205 Sarah St. off SR 434 and 427 in Longwood for $2,715,000.00. Michael Heidrich, a principal in the firm, negotiated the transaction representing the seller, Industrial Property Partners, Inc. of Coral Springs. The buyer, Oasis Investments, LLC of Sanford, was represented in the transaction by Rizwan Manji of Ameriteam Realty, Inc.

NAI Realvest negotiates new lease agreement with compressor manufacturer for 12,320 square feet of industrial space in Orlando

ORLANDO, Fla. – NAI Realvest recently negotiated a new lease for 12,320 square feet of industrial space in units 18, 19 and 20 at 8350 Parkline Blvd. off Orange Avenue and McCoy Road in South Orlando. Michael Heidrich, a principal at NAI Realvest, negotiated the transaction on behalf of the landlord Parkline Properties, LLC of Columbus, Ohio. Tenant Quincy Compressor of Bay Minette, Ala., one of the country’s leading designers and manufacturers of air compressors, was represented by Quentin Caruso of Lee & Associates-Central Florida.

Newmark Grubb Knight Frank's Southeast Capital Group Negotiates Sale of Southpark Village in Raleigh for $11,000,000

ATLANTA, GA. --- The Southeast Capital Group at Newmark Grubb Knight Frank in Atlanta recently negotiated the sale of the 82,262 square foot Southpark Village neighborhood retail center at 324 Village Walk Drive in Holly Springs, N.C., a suburb of Raleigh. Whitney Knoll, who leads the Southeast Capital Group at Newmark Grubb Knight Frank, said Aurora, Ohio-based Optimus One, LLC paid $11,000,000 to acquire the property from SouthPark Village Investments I, LLC. Knoll, along with team members Mark Hillis and Jason Archer, negotiated the sale on behalf of the seller. “Optimus One was a great match for this property and SouthPark Village has a great future,” Knoll said. “The Holly Springs and the Raleigh MSA is experiencing tremendous growth and anchor tenant Harris Teeter is a dynamic, forward-thinking retailer that ranks as the 25th largest supermarket in the U.S.,” Knoll said. Built in 2008, the Southpark Village retail center is currently 98 percent occupied.

Dave Brewer has Eight luxury homes priced from $1.4 million to $2 million underway

SANFORD, Fla. --- Dave Brewer, Inc. one of Central Florida’s most active builders of luxury custom homes valued at $1 million or more, has eight luxury homes under construction priced from $1.4 to $2 million in Windermere and Seminole County. Matt Trask, vice president of Dave Brewer, Inc., said all eight homes are located on lakefront home sites or within gated communities. Trask said all eight homes should be completed before the end of the year or early next year.

Pulte Homes to Host Grand Opening June 29 at Legacy Park in Casselberry

ORLANDO, Fla. --- Pulte Homes will host a grand opening Saturday, June 29, at Legacy Park, an intimate community in the heart of Seminole County in Casselberry where the homebuilder will present three new two-story single-family home designs priced from the $200s. Sean Strickler, vice president of sales for the North Florida division of Pulte Homes, said Pulte’s new three bedroom Penrose model home will be open and available for touring at the event. The two-story Penrose model offers 2,145 square feet of living space with three bedrooms, two-and-a-half baths, a downstairs flex room shown as a study, a second floor loft and two-car garage. The grand opening event – at 1536 Burning Sage Lane, Casselberry, Fl 32707 ‒ scheduled from 11 a.m. to 2 p.m., will feature live entertainment, food and fun for the whole family, including face painting and balloons. The new two-story single-family home designs Pulte is offering at Legacy Park range from 1,837 square feet of living area to 2,453 square feet with three and four bedrooms, two-and-a-half baths, optional lofts and two car garages with brick paver driveways. Amenities include an onsite tot lot and access to a community swimming pool and cabana. Legacy Park, located off Seminola Blvd. near E. Lake Drive between Winter Park Drive and Tuskawilla Road, is convenient to top-rated Seminole County schools, easily accessible to major arterial highways and minutes from major shopping centers and international airports. After the grand opening the community will be open daily from 10 a.m. to 6 p.m. and Noon to 6 p.m. Wednesday and Sunday. Visit www.pulte.com/Orlando for more information and directions.

Real Estate Veteran Jim Bagley named to head Encore Housing Opportunity Fund, Joel Lazar named marketing VP

ORLANDO, Fla. – Jim Bagley, a real estate veteran with more than 25 years of experience as a home builder including stints with Pulte Homes, Park Square and Meritage Homes manages the Central Florida operations of Encore Housing Opportunity Fund, based in Celebration. Bagley said he already has some 15 master planned communities he is working with including Reunion in Orlando, Splendid China in Orlando and Cannon Ranch in Tampa, among others. Bagley estimates the number of projects he is now involved in totals close to $1 billion. These projects include single family homes, apartments and short term rental homes. At the same time, Bagley appointed another expert and veteran home building executive – Joel Lazar – as vice president of marketing. Lazar has more than 25 years of experience in the residential and resort real estate industry. Encore Housing Opportunity Fund is an opportunistic real estate fund manager which invests in residential real estate, primarily in Florida and California and is a seasoned residential real estate development and investment firm with land acquisition, development and construction capabilities in-house. With over $700 million in assets under management and investments in Miami, Orlando, Jacksonville, Dallas, Los Angeles and San Francisco, Encore Housing Opportunity Fund is actively investing in a variety of real estate opportunities.

NAI Realvest Names Veteran Real Estate Broker Jason G. Toll Director, Industrial Services Group

ORLANDO, Fla. --- NAI Realvest, which ranks as one of Central Florida’s most active developers of industrial facilities and one of the region’s largest commercial real estate services companies, has appointed veteran real estate broker Jason G. Toll to director, industrial services group. Robin L. Webb CCIM, managing director at NAI Realvest, said Toll has more than 17 years of experience in Commercial Real Estate. He was formerly managing partner of Logistic Development Group which specializes in development of multi-modal industrial space and brokerage. In his new role Toll will focus on representation of industrial clients for leasing and sales, Webb said. “Jason has extensive experience in industrial brokerage in addition to ground-up development in Central Florida. We are delighted he has joined NAI Realvest and we expect he’ll play a major roll in our growth.” The third generation central Floridian holds a bachelor’s degree in marketing from University of Central Florida. He is a member of the Orange County Nuisance Abatement Board, president-elect of the Maitland Rotary Club and an active member of the Central Florida Commercial Association of Realtors.

NAI Realvest Negotiates Two New Industrial Lease Agreements in Orlando and Tavares totaling 19,000 square feet

MAITLAND, Fla. – NAI Realvest recently negotiated new lease agreements totaling 19,000 square feet at two industrial facilities – one in Orlando and one in Tavares in Lake County. NAI Realvest Principal Michael Heidrich Sr. and Associate Michael Heidrich, Jr., represented landlord David P. Reckell Trust in the lease of 10,000 square feet of industrial space at 27620 Highway 561 in Tavares. Walker Stainless Equipment Co. of New Lisbon, Wis. is the tenant who was represented by Joseph Howell of NAI Global Corporate Solutions. Heidrich Sr. and Heidrich Jr. negotiated an industrial lease for 9,000 square feet at 2169 N. Forsyth Rd. in Orlando representing the landlord Forsyth Road LLC of Longwood. The tenant is Super Transportation of Florida LLC, headquartered in Scottsdale, Ariz.

DiVosta Homes opens two new model homes priced from the mid $200s at VillageWalk of Bonita Springs

BONITA SPRINGS, Fla. --- DiVosta Homes recently opened two new model homes priced from the mid-$200s at VillageWalk of Bonita Springs, located on Umiak Court in Bonita Springs off Bonita Beach Road S.E. east of I-75. Scott Mairn, vice president of sales and marketing for DiVosta Homes in South Florida, said the two-bedroom, two-bath Willow Bend model home at VillageWalk offers 1,927 square feet of living space with an enormous island kitchen, great room and dining room that open onto a lanai and an optional extended patio. Altogether that can total more than 600 square feet of space for family gatherings or social occasions. The Willow Bend model home is priced from $253,990 with a den and lanai off the owner’s suite and a two-car garage. The single-story Cambridge model home, with three bedrooms and three baths in 2,384 square feet, features the same spectacular open-space design: a huge open great room, kitchen and dining room that together encompass almost 600 square feet. Mairn said DiVosta Homes is also offering the Willow Bend and Cambridge floor plans at VeronaWalk in Naples. “The open concept is really taking off and the tremendous space inside these two new model homes offers decorating opportunities that can be breathtaking,” Mairn said.

Six move-in ready homes underway at Villages of Royal Palm

PORT ORANGE, Fla. --- Six new ready-to-move-in homes are under construction at Villages of Royal Palm, the award-winning, active adult community in Port Orange. Winston Schwartz, president of Winston James Development, developers of Villages of Royal Palm, said the new homes that will be ready by fall will range in size from 1,500 square feet of living space to 2,400 square feet and will be priced from the $170s. At the same time, Schwartz said two models at the Villages of Royal Palm are open for viewing – a four-bedroom, two-bath home with 2,226 square feet of living area plus two-car garage priced from $277,000, and a three-bedroom, two-bath model with 1,618 square feet of living space and a two-car garage, priced from $185,000.