NAI Realvest Closes on Investment Sale in Polk County – Buyer Plans to Develop a New Dollar General

Winter Haven, Fla. - NAI Realvest recently negotiated a $450,000 sale price for a 1.58-acre parcel of vacant land at 418 – 18^th St. S.E. in Winter Haven, where the buyer is planning to develop a Dollar General store.      

NAI Realvest Associate Chris Adams negotiated the sale on behalf of Seller John P. Adams & Ann D. Adams Family LP of Winter Haven.   The Buyer Palmetto Winter-Haven-Dundee Rd LLC of Thomasville, Ga. was represented in the transaction by Oak Realty Advisors.   Seller will be exercising a 1031 tax free exchange.

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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 400 offices spanning the globe.  Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.   

Resort Amenity Center Now Complete at Hammock Preserve on Palmer Ranch, Grand Opening Event Nov. 3

Newly completed clubhouse at
Hammock Preserve on Palmer Ranch.

SARASOTA, Fla. --- The new amenity center at DiVosta’s Hammock Preserve on Palmer Ranch is complete and a Grand Opening Event will be hosted Saturday, Nov. 3 from 1 to 3 p.m. at 12255 Hidden Hammock Court off Honore Avenue in Sarasota.  

 

Richard McCormick, president of DiVosta in Southwest Florida, said the public is invited and festivities will include music, light refreshments and giveaways, along with tours of the community’s new resort-style amenities.  Visitors are also invited to explore the four professionally decorated model homes at Hammock Preserve.

The $3.5 million amenity center was designed with input from residents, the same way the homebuilder created the variety of innovative new home designs offered in the product line – with ideas from consumer feedback.

“Hammock Preserve embodies casual, resort-style living at its best, with amenities homeowners want and truly appreciate, all at a great value,” said McCormick.  “Residents will enjoy the exceptional pool and spa, outdoor bar, and a fire pit sitting area for quiet evenings with friends and neighbors.”

 

New Resort style pool at Hammock
Preserve on Palmer Ranch

Hammock Preserve homeowners will relish the fun and convenient dog park, and playing on the 2 new tennis, 2 bocce ball and 2 pickleball courts.  The 8,900 square foot clubhouse includes a state-of-the-art fitness center, large community room with catering kitchen for residents’ private parties, and grand outdoor verandah overlooking the pool.

“We’re excited to unveil the resort-style amenity center within Hammock Preserve, a place where residents will enjoy relaxing activities and camaraderie without leaving the neighborhood,” McCormick said.

The gated, natural gas community’s key location near I-75 and US-41 provides easy access to even more outdoor activity choices like golfing, boating and beachcombing at Siesta Key, plus the entertainment, fine dining and renowned attractions in downtown Sarasota. 

The 388 homes ultimately planned for Hammock Preserve include attached villas and single-family home designs with two to five bedrooms, two to four-and-a-half bathrooms and two to three-car garages, priced starting from the low $300s.  

For more information visit  www.divosta.com/hammockpreserve.

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About DiVosta Homes

DiVosta Homes is a brand of PulteGroup, Inc. (NYSE: PHM). DiVosta Homes builds consumer inspired homes and communities that provide casual, resort-style living for those wanting a winter retreat or a home year round in its home state of Florida. In addition to providing the sunny Florida lifestyle, DiVosta Homes has stood for renowned quality for over 50 years. For more information on DiVosta, visit www.divosta.com 

NAI Realvest Closes on Sale of Residential Land for Deer Run Estates in St. Cloud

Saint Cloud, Fla. – NAI Realvest, an Orlando-based real estate industry leader with a global footprint, has closed on the $1,050,000 sale of 31 acres of residential land at 4140 Hickory Tree Rd. in Saint Cloud. 

Veronica Malolos Broker at NAI Realvest negotiated the sale on behalf of the sellers, Mony Nhim, Steven Nhim, Dara Chay, and Sokhim La of Buena Park, Calif.      

Prominent Windermere developer Frank Cawthon, d/b/a FHC2, LLC is the buyer who owns the adjacent land with a master plan that combines both properties for a 55-acre community with 165 lots for single-family homes.   

Malolos said Deer Run Estates is the buyer’s 10^th project in the Narcoossee corridor and with the new development Deer Run Road is slated to become a major east-west connector between Canoe Creek and Narcoossee Roads.

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About NAI Realvest

NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe.  Since 1978, clients have built businesses on the power of NAI Global’s expanding network.  Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.  

New Ice Cream Shop Concept to Open in Southwest Volusia – Long Term Lease Closed at Enterprise Plaza by Hold-Thyssen

ORANGE CITY, Fla. --- Hold-Thyssen, Inc., a full-service commercial property firm based in Winter Park, recently negotiated a new five-year lease with Vi Kim Tran and Le Truon Canh, a husband and wife team opening a Funrolls Ice Cream at Enterprise Plaza, 2499 Enterprise Rd. in Orange City.

Hold-Thyssen Lease Consultant Darby Hold, who negotiated the lease on behalf of the landlord, said Funrolls is the latest craze in both ice cream and entertainment.  The flagship location is in Liberty, Mo. with several other locations in the Midwest.

The ice cream shop will open in 2-3 months, once tenant improvements are complete in the 1,360 square foot suite at the retail plaza owned by Florida Premier-Enterprise, LLC, based in Fraser, Mich.

The Funrolls Ice Cream experience involves rolling ice cream on an ice-cold metal surface then adding healthy toppings.  Frozen yogurt and vegan options are available.

Hold also recently negotiated leases at Enterprise Plaza with Tuan Vinh Truong d/b/a Lena Nails who renewed their lease of 1,224 square feet for another five years and with Southern Specialty Finance Inc., d/b/a Check ‘n Go who renewed their lease of 1,360 square feet for another two years.

Other major tenants at the Enterprise Plaza include Sherwin Williams, Firehouse Subs and Arby’s.  

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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DIX Developments Closes $5 Million Sale of 53-Acre Halifax Town Center I-95 Interchange Property in Ormond Beach

Ormond Beach, Fla. --- Stirling International Real Estate recently arranged the $5 Million sale of Halifax Town Center in Ormond Beach, Fla.   Dixie 95 OBD, LLC a company related to O2G Capital of Ontario, Canada, purchased the 53-acre mixed use development from Lake Mary Based DIX Developments, LLC who was represented in the sale by Stirling’s John Kurtz. 

The mixed-use development located along a high-impact growth corridor between Daytona Beach and Halifax Plantation, was aggressively marketed by Kurtz and the Stirling team on behalf of James Dicks, CEO of the selling entity.  The sale took only 120 days from contract to closing, according to Kurtz.

“We felt that the property’s location at an underserved I-95 interchange just a few minutes to the Atlantic Ocean and intercoastal waterway, played a major role in moving the property,” Dicks said. “The is tremendous opportunity both to leverage retail demand fueled by new residential development in the area and create a unique village focused on providing second homes for the new ownership,” said Dicks.

The site which is situated at the southeast quadrant of Interstate 95 and Old Dixie Highway has an approved plat, is ready to finish the topping of the road and recording of the plat.  It has storm water retention and utilities, and the buying group is looking to make changes to the current plan which will require County approval.    

Halifax Town Center is part of the golf course community Halifax Plantation’s planned development (PD) in Volusia County with an Ormond Beach address, which has gone through a major transition in ownership in the past few years.  Kurtz has been working with the previous owner/developer of the entire community Halifax Plantation, Inc. since 2016 in the disposition of the remaining properties.

Kurtz brokered the sale of the remaining 230+/- acres of residential property to Vanacore Homes in a two-part sale spanning 2017 and 2018, and the sale of the 53 acre Town Center site to DIX Developments LLC in early 2018. Kurtz, in conjunction with Marcus and Millichap, orchestrated the sale of the 18-hole golf course and clubhouse in 2017. Halifax Plantation is just minutes from the Atlantic Ocean and intercoastal waterway in Ormond Beach”.

The total construction value of the 53 Acre Town Center is estimated at more than $75 million.  

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About DIX Developments, LLC

DIX Developments, LLC is a full service real estate company committed to providing quality developments throughout Central Florida. The dedicated team of industry professionals works to create properties that are well positioned, attractive, financially sound, and inclusive of green planning and development,  DIX Developments, LLC provides the highest quality projects by maintaining the strictest attention to detail, and prides itself on being able to manage those details during every phase of the project.

289-Unit Apartment Sale Kicks Off Charles Wayne’s Junction at DeBary Station

DeBary, Fla. --- DeBary Town Center, LLC, an affiliate of Charles Wayne Properties, Inc. of Daytona Beach, recently closed the $4.1 million sale of 15 acres for a luxury apartment community within “The Junction,” a $200 million development across from the DeBary SunRail station.

Junction at DeBary Station site plan

Buyer Integra 289 Exchange, an affiliate of Lake Mary-based Integra Land Company, will build 289 apartments, located near the southeast corner of Dirksen Drive and U.S. Highway 17-92.  Groundbreaking will take place within the next 30 days.

Steve Costa, Principal with NAI Realvest/Charles Wayne Commercial is leading the sales and marketing at the DeBary Town Center which spans 68 acres and to date is the largest transit-oriented development project on the north leg of the SunRail route.

 

Costa said his team is now in discussions with national grocery chains and other commercial users to complete The Junction’s mix of retail, entertainment, residential and natural amenities.  Charles Wayne is planning to develop 104,000 square feet of retail space including a planned 46,000 square foot grocery store, as well as restaurants and offices.  Costa is talking to selected builders for the project’s next phase – 150 single family detached homes.

The high-profile location of The Junction affords easy access to major arterial highways and international airports via U.S. 17-92, Interstate 4 and SR 417.  The property is surrounded by state parks, with interconnecting trails that extend from Saint Augustine to Saint Petersburg.  “All this, and it’s just 5 minutes north of the Orlando MSA’s booming Lake Mary office and retail corridor,” Costa said.

“This is a fantastic opportunity for investors, developers, professional firms, and retailers.   The several nearby residential developments underway are creating a growing demand for retail, medical, and office space.”

Charles Wayne Properties is an industry leader with a 40-year track record as an investor and developer throughout the Southeast having developed and managed grocery anchored shopping centers, freestanding retail facilities, and office and industrial parks.  Since 1978 the firm has worked with local and national brands in various capacities including brokerage, development, investment sales, tenant representation, property management and receivership. Visit www.charleswayne.com for more information.

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Hold-Thyssen Negotiates 5-Year Office Lease in the Mills 50 District for New HQ of National Construction Firm

ORLANDO / WINTER PARK --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently represented a national construction firm in a five-year lease agreement for 5,199 square feet at 1323 Brookhaven Drive.  The new tenant plans to relocate its headquarters from Ohio to the location in the Mills 50 District northeast of downtown Orlando.

The Hold-Thyssen team of Alex Rowlinson and Troy Stevens negotiated the transaction on behalf of CESCO Inc./DDC, a general contracting, design-build and construction management firm with nine locations nationwide.  The landlord of the newly renovated 1010 Virginia Building is a private investor.

DDC will employ a staff of 20 at the location by next year, not including ancillary jobs created for construction projects. 

“We toured various properties with DDC but immediately walking through the 1010 Virginia Building, they saw it as the perfect fit for their growing company and an offer was submitted 24 hours later,” said Rowlinson and Stevens.

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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Rhodes+Brito Architects Are Underway with Design of New Horizon West Elementary School

ORLANDO, Fla., --- Rhodes+Brito Architects recently presented Orange County government with preliminary designs for a new elementary school in the burgeoning Horizon West community in West Orlando.

Ruffin Rhodes

Ruffin Rhodes, co-founder and partner at Rhodes+Brito, said his firm was awarded the contract to design the new school that will be located on 14.8 acres of land on the South side of Porter Road, north of Wood Sage Drive and west of Bluejack Oak Drive.

Rhodes said the school, a two-story structure totaling 85,838 square feet, will be constructed by Miami-based OHL Construction.

The campus will include parking for over 120 vehicles, a bike rack, tot and youth lots, ball field and enough space for 12 portables.

The new school should start construction in the spring of next year with anticipated completion and opening by June of 2020.

Rhodes+Brito, which opened in Orlando in 1996, has exceptional experience providing architectural services to a wide variety of agencies throughout the state of Florida, including municipal government agencies, federal, education, aviation and senior living facilities.

Hold-Thyssen Negotiates Long Term Expansion Lease with Growing Company at Phillips Place

ORLANDO, Fla. --- Hold-Thyssen, a full service commercial property firm based in Winter Park, recently closed on a long-term expansion lease of an additional 1,844 square feet for a growing company at Phillips Place, 7575 Dr. Phillips Blvd. in Southwest Orlando. 

Phillips Place

Darby Hold, transaction specialist for Hold-Thyssen, Inc., brokered the transaction representing the landlord, Financial Way Realty, Inc. of Cincinnati.  

Tenant Woof Gang Bakery, Inc., a multi-national company established in 2007, was already leasing 2,147 square feet at Phillips Place and increased their occupancy by 86 percent to a total of 3,991 square feet.   The tenant’s growth is due to outstanding quality of products and service.  Woof Gang Bakery currently employs a staff of 12 at Phillips Place and looks to increase that to 15 by early next year.

Darby Hold

Hold-Thyssen, Inc. is the leasing and management representative for the 56,000 square foot Phillips Place Office Building, which is now 90 percent leased.

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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NAI Realvest Broker Closes $695,000 Sale of Walmart Outparcel for New Heartland Dental in St. Cloud

St. Cloud, Fla. -- NAI Realvest, recently completed the sale of a 1.34-acre outparcel of the Walmart Neighborhood Market on Nolte Road in St. Cloud for $695,000.00.

Veronica Malolos

Veronica Malolos, Osceola County Broker for NAI Realvest, negotiated the transaction on behalf of the seller, Stevens Crossing Village LLC, of Jacksonville.

The Illinois-based buyer, WMG Development LLC purchased the land to develop a Heartland Dental Clinic.  Construction documents have been filed with a targeted opening of mid-2019.   

Heartland has dental clinics nationwide and will open at the St. Cloud location with a staff of 14 fulltime employees.   John Park and Jared Ettinger of Berkshire Realty 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 400 offices spanning the globe.  Since 1978, clients have built businesses on the power of NAI Global’s expanding network.  Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.