NAI Realvest Represents Tampa Engineering Firm in New Lease at 250 S. Orange Ave. in Downtown Orlando

ORLANDO, Fla. -- NAI Realvest Principal Tom R. Kelley II, CCIM, negotiated a new long-term lease of 2,443 square feet in Suite 120P at 250 South Orange Ave. in downtown Orlando. 

Kelley represented the tenant Tampa-based ICON Consultant Group, Inc. which provides a wide range of planning, engineering and environmental services with major focus on highway projects throughout the state.  

The landlord Piedmont 200 & 250 South Orange Avenue, LLC was represented by John Gilbert of Jones Lang LaSalle Americas, Inc.  

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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.

M/I Homes Closed on 71 Acres in Horizon West to Develop Phase I of Encore at Ovation

139 Single Family Homes to Include New Product Line

ORLANDO, Fla., -- M/I Homes closed on 71 acres in early in January to develop 139 single-family home sites in Phase I of Encore at Ovation.  Site development will begin Feb.1 at the new neighborhood located near the intersection of Avalon Road (545) and Western Way / Flemming Road in Horizon West. 

David Byrnes, area president in the Orlando region, said 92 of the home sites will offer 50-foot widths for one and two-story homes ranging from 1,900 to 3,700 square feet of living area. 

The other 47 lots with 32-foot widths will offer the homebuilder’s new two-story, single family detached homes ranging from 1,800 to 2,800 square feet of living area.  

Byrnes said design of four new floor plans for the new product line is currently underway.  “The new line is innovative and we’re very excited about the diversity and potential of Encore at Ovation,” he said. 

Sales will begin by September at prices estimated to range from $290,000 to $450,000 including a 15-year structural warranty.

Development of all 139 homesites is expected to be complete by Q4, Byrnes added.

Located just north of Walt Disney World, Horizon West is one of the three fastest growing planned unit developments in the country featuring town centers surrounded by greenbelt and residential villages.  

Columbus, Ohio based-M/I Homes is currently building throughout 16 markets in the U.S. and has 16 active communities in Central Florida.

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About M/I Homes

M/I Homes, Inc. is one of the nation’s leading builders of single-family homes, having sold over 110,000 homes.  The Company’s homes are marketed and sold primarily under the trade names M/I Homes and Showcase Collection (exclusively by M/I Homes), and also currently are sold under the name Hans Hagen Homes in the Minneapolis/St. Paul, Minnesota market and Pinnacle Homes in the Detroit, Michigan market.  The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.

NAI Realvest Negotiates Industrial Land Sale near Downtown Sanford Where High-End Tool Manufacturer Will Provide Jobs by Summer

Sanford, Fla. -- Orlando-based NAI Realvest recently negotiated the $325,000 sale of 1.19 useable acres of industrial land at 501 Gordon St. just east of downtown Sanford and south of S.R. 46.

Tai Lee, CCIM sales and leasing associate at NAI Realvest represented the seller, Magical Growth, Inc. of Lake Mary.   The buyer is Magma Diamond Tools, Inc. which makes high end tools for cutting, polishing, sanding and grinding granite.

Young Cha Proctor, president of Magma Diamond Tools based in Lake Mary, said he plans to build two 7,500 square foot buildings on the property with Phase I planned for completion by May or June.  The company will initially add 4-5 jobs at the location.    

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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.

Blackton Earns Contract to provide Roofing and Flooring for New Homes at Coming Soon Community in St. Cloud

ORLANDO / ST. CLOUD, Fla. --- Blackton, Inc., one of the region’s oldest and largest suppliers of wholesale materials and supplies to the home building industry, was awarded a contract worth an estimated $980,000 to provide roofing and flooring for 73 new single-family homes KB Home plans to build at Rivercrest at Narcoossee. 

Michael Blackton, who heads the 65-year-old family-owned company on Alden Road north of downtown Orlando, said Rivercrest at Narcoossee is located at 5040 Lillian Lee Rd., St. Cloud in East Osceola County.

KB Home will build new homes ranging from 1,700 to 3,000 square feet at Rivercrest at Narcoossee, according to Blackton.  The community is scheduled to open for sales in the spring.
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LPC Completes Multi-Year Lease Agreement With Engineering Firm More Than Doubling Its Orlando Office Space at Lake Destiny Center in Maitland

ORLANDO, Fla. – Lincoln Property Company Southeast, a full service commercial real estate firm based in Orlando, recently completed a long term lease that facilitated a tenant’s expansion, more than doubling its previous space at Lake Destiny Center I, 1101 N. Lake Destiny Rd. in Maitland.

Sean DuPree, CCIM, Broker at Lincoln Property, negotiated the transaction representing Lake Destiny Center, LLC, the Southwest Florida-based landlord for the 57,358 square foot building. 

Tenant Maser Consulting, PA is expanding its Orlando offices by relocating from Suite 415 (2,521 square feet) in the four-story Class A office building to Suites 425-450 (5,768 square feet).  

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About Lincoln Property Southeast

Lincoln Property Southeast is a commercial real estate firm offering a comprehensive suite of value-added services for clients.  With a substantial local presence and history in the Southeast region, the company is ideally situated to provide superior service, which comes from striving to understand the goals and challenges of tenants, investors, lenders and owners of commercial real estate.

Hold-Thyssen Closes on Industrial Condo at Sunport Commerce Center in South Orlando

Orlando, Fla. -- Hold-Thyssen, Inc., a full-service real estate services firm based in Winter Park, recently represented the buyer in the purchase of two industrial condos located at 8010-8034 Sunport Drive in the Sunport Commerce Center south of Sand Lake Road near Orlando International Airport.

The Hold-Thyssen team of Martin Forster CCIM and N. Joelle Forster represented the Kissimmee-based purchaser who paid $505,000 for the two units comprising 5,904 useable square feet previously used as a photographic and video production studio.  The buyer, who purchased the property as part of a Section 1031 tax deferred exchange, will continue a similar use.

The seller, Miami-based Orlando Sunport Flexxspace, Ltd. was represented in the transaction by Joey Barnes of Adler Group. 

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

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Lincoln Property Company Closes $1 Million Sale of 3-Building Industrial Campus in DeLeon Springs, West Volusia County, Fla.

Orlando / DeLeon Springs, Fla. – Lincoln Property Company recently completed the

$1 Million sale of a three-building industrial campus on 7.8 acres located off of U.S. Highway 17/92 at 5797 Lake Winona Rd. in DeLeon Springs just north of DeLand.    

Sean DuPree, CCIM, broker at Lincoln Property Company, listed the property totaling 46,890 square feet, and negotiated the transaction representing the seller, Orlando-based developer Robert Rader c/o Kirkland Development.   

Temme Berkstresser d/b/a Berky Boats, purchased the property to use the largest building as a boat manufacturing facility which was the properties previous use. The 22,090 square foot building includes 2,250± square feet of office space.

The three buildings constructed in 1986 and 1987 have excellent manufacturing facility features including grade level and dock-high overhead doors, exhaust fans, excess land for additional storage which is rare to find.          

The two smaller buildings each containing 12,400 rentable square feet are leased to AMB Sales and Central Florida Car Haulers.  One includes 2,250± square feet of office space and the other is 100 percent warehouse. The buyer will keep both leases in place. 

Buyer saw potential in the property due to the property’s previous boat manufacturing use, excess land for growth and as a great investment due to the two tenants in place, strong industrial market fueled by low vacancy rates and new residential/retail in the West Volusia market, DuPree said. 

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About Lincoln Property Company

Lincoln Property Company is a full service commercial real estate firm offering a comprehensive suite of value-added services for clients.  With a substantial local presence and history in the Southeast region, the company is ideally situated to provide superior service, which comes from striving to understand the goals and challenges of tenants, investors, lenders and owners of commercial real estate.  

Construction of 289-Unit Apartment Community at The Junction Gets Underway with DeBary and West Volusia Community Leaders

DeBary, Fla. – An enthusiastic group of DeBary and West Volusia community leaders joined the staffs of Charles Wayne Properties and Integra Land Company earlier this month to officially break ground on Integra 289 Exchange at The Junction.  The luxury apartment community is the first phase of DeBary’s long-awaited town center adjacent to the north leg of the SunRail route.

 David McDaniel, founder and principal of Integra Land Co., which is well-known in the Volusia area for quality apartment communities, said not only is this his company’s first transit-oriented project,  “It will also augment the existing Gemini Springs trail system in DeBary that will wind through the landscape of the apartment community that supports the natural environment.”  CPH Engineers and Architect ACI Consultants are on the Integra team.

Longtime DeBary Mayor Bob Garcia said he was privileged to lead the City Council who worked tirelessly with Costa and Charles Wayne principals throughout the last 15 years because it serves as the foundation for DeBary’s future growth.   

(LtoR) Ted Lightman, Principal CWP; West Costa,

 investor; Charles Lichtigman, Chairman CWP; Erica

 Benfield DeBary City Council; Mayor Bob Garcia;

 Steve Costa, Principal CWP; Mayor-Elect Karen Chasez;

 Phyllis Butlien DeBary City Council Member, David

 McDaniel, CEO Integra; Jeff Allebach City of Orange City;

 Bill Crippin City of Orange City

Incoming Mayor Karen Chasez said “These 289 apartments first and foremost fill an essential niche in the DeBary area and the retail that follows will be a welcome addition for several other surrounding residential developments in southern DeBary as well.”

Shari Simmans, Executive Director of the West Volusia Regional Chamber, said “The diversity of the residential and commercial buildings will create a real hometown center that we have been waiting for in DeBary.”

Steve Costa, principal at Charles Wayne Properties, is in discussions with national grocery chains and a variety of commercial users to complete The Junction’s mix of office, retail, entertainment and residential enhanced by natural amenities. 

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

Stuart, Fla.-based Seacoast Bank is handling financing for Charles Wayne Properties’ development that will feature 104,000 square feet of retail space including a planned 46,000 square foot major 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.

Even City Council of Orange City representatives Jeff Allebach and Bill Crippin attended the event to voice their City’s support because “This will help more people ride the SunRail which should in turn help Orange City get a station too,” said Allebach, “The development is a great complement that will support and increase ‘ecotourism’ – travel to Southwest Volusia’s trail system, parks and the area’s natural habitats,” according to Crippin.  

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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Parkside Place-Seminole County’s Largest Development Unanimously Approved with Significant Density Increases and Rezoning

SANFORD / orlando, Fla. --- Palmeira Holdings LLC, who put the former Flea World site on U.S. 17-92 in Sanford under contract earlier this year, received unanimous approval for Parkside Place by the Seminole County commission on December 11th.  The new development plan increased density based on a visionary live, work, play and shop community concept called “Parkside Place.” 

Parkside Place aerial view

Jon D. Walls, RLA, Project Manager with NAI Realvest for the Florida-based Palmeira Holdings, said density increases detailed in the new Parkside Place development plan are significantly higher than the original Reagan Center project.  

The mixed-use project includes 1,682,876 square feet of office/commercial, a 250-room hotel, and a 312-bed assisted living facility.   The new plan includes 5,012 apartment units, of which 752 units are planned for student housing and 184 units for independent living. 

Palmeria’s team included planners/civil engineers S.K Consortium for the PUD planning, Traffic Planning and Design of Maitland for traffic studies, HHCP Architects for conceptual master planning, and movmi Shared Transportation Services for a parking study. Hal Kantor, attorney with Lowndes, Drosdick, Doster, Kantor & Reed, P.A., handled negotiations with the County.

Parkside Place street view

Palmeira’s co-CEOs are Karim H. Ismail and Seema Kara.  Ismail brings over two decades of real estate development experience, including major rezoning projects, site and master planning, and developing complex, large scale projects.   Kara has a background in residential and commercial real estate. She has spent 20 plus years cultivating relationships to become a leader in the marketing and sales of real estate and property development. 

Paul P. Partyka, CCIM, Partner at NAI Realvest, Broker of Record on the property and representing the Syd Levy Estate, said once the sale closes, building plans will emerge, and there will be another nine months to a year of planning before the construction stage is reached.  Parkside Place is a “Catalyst” project of the 17/92 redevelopment corridor and is located in the heart of Seminole County.

Sustainability and the conservation of land for a publicly accessible central park within the development were factors that helped get the new plan approved, along with enough density to justify public services such as a Lynx shuttle to the SunRail station from Parkside Place.

Close proximity to Seminole State College and Seminole County government offices located across 17/92 factors into the live-work-play-shop theme of Parkside Place.  Also, U.S. 17-92 is currently being widened to accommodate this future growth.  The economic impact of the development will be felt throughout Seminole County.  

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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 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.

Hold-Thyssen Brokers 5 Leases at Kirkman Commerce Center in Orlando Totaling 6,863 Square Feet, Maintaining Occupancy

 ORLANDO / WINTER PARK --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently closed on five leases for office/flex space totaling 6,863 rentable square feet in the Kirkman Commerce Center at 701 S. Kirkman Rd. in Orlando.

The Hold-Thyssen leasing team of Troy Stevens and Alex Rowlinson negotiated the transactions on behalf of the South Florida landlord maintaining occupancy of 97 percent at the 124,283 square foot commercial complex.  The tenants and space leased include:

 

CA Box LLC, a logistics company expanding to service the Universal Studios area, 2,400 Sq. Ft.; Phanald Insurance a local insurance agent who signed a multi-year lease for 395 Sq. Ft. less than two weeks after the former tenant vacated the space; HOPE For Life Ministries, long time tenant, renewed its 2,518 Sq. Ft. for another long term; Faro Design, Inc., who specializes in graphic and web design, renewed its lease of 1,008 Sq. Ft. and Chameleon Security Group, providing training and consulting services leased 542 Sq. Ft. 

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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