NAI Realvest Closes on New Lease of Office Space in SoDo For NJ-based Construction Management Firm

ORLANDO — NAI Realvest recently negotiated a new multi-year lease for a 3,985 square foot suite at 1401 Sligh Blvd.   A New Jersey-based firm will occupy one of the few remaining non-medical office spaces on the Orlando Health campus in SoDo off Orange Avenue south of downtown Orlando.

Jason Toll

Jason G. Toll, Director of the Industrial Services Group at NAI Realvest negotiated the transaction representing the landlord Houston-based 1401 Sligh LLC. 

Vericon Construction a full service construction management and general contracting firm with 10 employees at this Orlando location has additional operations in Atlanta, Fort Lauderdale and Charlotte. The tenant was represented by Charles Harmon of Turnkey Real Estate Service.   

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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 through NAI Global, an international commercial real estate network with over 400 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.

-- Henin Launching Phases 3 and 4 of Springview Sooner than Planned

Phases 1 and 2 of the DeBary Development is nearly Sold Out  

DeBary, Fla. ---   Henin Group’s Springview Woods, which opened in 2018, will launch Phases 3 and 4 with another 97 homesites at the 64-acre community of single-family homes by D.R. Horton.    Nine new homes were just sold in March. 

Phases 1 and 2 at Springview Woods are nearly sold out less than a year after the homebuilder opened its model home at 400 Tallow Wood Circle at the community off U.S. 17-92, down the street from West Volusia SunRail Station.

New one and two-story single-family homes in six distinct designs with three to five bedroom floor plans are priced starting from the mid $200s.   D.R. Horton is the preferred builder at the community with ongoing successful sales from their model home.

“We’re pretty sure the remaining homes in Phases 1 and 2 will go pretty fast, so we have launched final phases 3 and 4 sooner than expected.  Infrastructure and site development is already underway there with completion anticipated in October,” said Jerome Henin,  president of Henin Group.

“Sales are going extremely well at this development as more and more homebuyers who commute are open to public transportation and living near the SunRail,” he explained.    

There will be 195 homes in all four phases of Springview Woods. Buildout is projected to be in 2022.   The Junction, a new town center that will be getting underway nearby on 17-92 is also slated for completion by 2022.

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About the Developer

Jerome Henin, a native of France, is the founder and owner of several companies involved in real estate development and sales, with more than 30 years of experience in property development in Europe, Florida, and Virginia.  His largest central Florida development, Riviera Bella located on the St. John’s River in DeBary midway between Orlando and Daytona Beach, has received numerous awards. Riviera Bella is divided into villages with production homes starting in the mid-$200s and custom homes that are priced up to as much as $2 million.

Blackton Awarded $3 Million Contract to Supply Ashton Woods’ Newest Townhome Community in Polk County

ORLANDO  --- Blackton, Inc., a leading supplier for the homebuilding industry, was recently awarded a contract worth more than $3 million to provide flooring materials for Enclaves at Festival Towns coming soon near the Osceola-Polk county line.  

Micky Blackton, chief executive officer, said his firm will supply flooring materials for 389 townhomes to be built in four phases by Atlanta-based Ashton Woods Homes.    Construction will begin in October, he said.

At build out, the new natural gas community will consist of 12 buildings located off of Interstate 4 on Meadows Blvd. and Ronald Reagan Parkway in the growing suburban area just south of Disney.

Blackton, Inc. a family owned business located on Alden Road near downtown Orlando has been supplying the home building industry from Jacksonville to Tampa for over 60 years.

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Lincoln Property Company Completes Six Multi-Year Leases with Local and National Firms at Airport Business Center

ORLANDO, Fla. – Lincoln Property Company Southeast, a full service commercial real estate firm based in Orlando, recently completed six multi-year lease agreements at Airport Business Center totaling 19,147 square feet of office space.

Airport Business Center

Sean DuPree, Broker at Lincoln Property who handles leasing at Airport Business Center, negotiated the transactions on behalf of the Landlord RCS-Orlando Airport 371 LLC of Louisville, CO.

A new lease for 5,031 square feet at 5752 S. Semoran Blvd. was signed by Synect, LLC d/b/a Synect Media.  Tonya Dolan of Keller Williams Advantage III Realty at Lake Nona represented the tenant who creates custom content video walls for OIA and airports across the U.S.

Milwaukee-based Johnson Controls Fire Protection, LP signed a new lease for 3,538 square feet at 5878 S. Semoran Blvd.    The tenant, who specializes in enhancing fire and security systems with multi-layered emergency communications, was represented by Tad McDonough of CBRE.  

Eden Site Development, Inc., who signed a new lease for 1,757 square feet at 5800B S. Semoran Blvd., provides site clearing, utility services, curbing, paving and signage for the construction industry.  Eden was represented in the transaction by David Mander of Results Real Estate Partners. 

DuPree brokered a new lease for 3,423 square feet with current tenant MSE Group who already occupies 10,158 square feet at 5854 S. Semoran Blvd.  MSE extended the term of their existing lease and expanded into the adjoining suite 5866.  The tenant, with offices in seven states, is a multi-disciplinary environmental engineering and construction firm.

UEP, Inc. leased 2,376 square feet.  The professional photography and video production company relocated from Winter Park to the more prominent location at 5852 S. Semoran.

House of Management Enterprises for Community Associations, Inc. renewed its lease of 3,022 square feet at 5756 S. Semoran Blvd.  Michael Danforth and Alberto Leon of CRESA represented the tenant who provides HOA and condominium management throughout metro Orlando

The six-building 200,000+ square foot Airport Business Center is located at 5730-5892 S. Semoran Blvd. at the intersection of Hoffner Ave. (CR15) north of Orlando International Airport.

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2019 Hallmark Awards Coming April 24

ORLANDO -- The annual Hallmark Awards presented by the Central Florida Commercial Association of Realtors (CFCAR) are returning. The awards luncheon will be held April 24 at the Orlando Marriott Lake Mary, 1501 International Parkway. Turnout is expected to be high, so register today!

Paul Partyka, Hallmark Awards
Chairman and President-
Elect of CFCAR

The 2019 Hallmark Awards will honor the top commercial real estate producers for 2018. Make note that the eligibility rules have changed, and the awards are open to all commercial real estate producers. You do not have to be a member of CFCAR to qualify. The objective is to honor the best commercial producers in the 10-county Greater Central Florida region.

Awards will be given for top producers of each major industry segment, overall production for each county and the region as a whole. The firm that fields the most winners will also be recognized, so teams are encouraged to register.

“The Hallmark Awards serve as an inspiration to the next generation of commercial real estate professionals entering the business,” explains Paul Partyka, Hallmark Awards Chairman and President-Elect of CFCAR. “They will have an opportunity to see the best of the best on stage and to hear about their outstanding transactional accomplishments.”

Additionally, special awards will be presented to individuals for Community Service, for Top Affiliate and the Wilber Strickland Lifetime Achievement Award.

Do you have what it takes?

For more information please visit www.CFCAR.net or call 407-816-7368

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Hold-Thyssen closes on New Leases for a Theatre Company, Granite Tools Supplier, Wedding and Event Company at Edgewater Commerce Center

Edgewater Commerce Center

ORLANDO / WINTER PARK --- Hold-Thyssen, Inc., a full-service commercial property firm based in Winter Park, recently negotiated three new long-term leases for a total of 13,200 rentable square feet at Edgewater Commerce Center in the College Park area of Orlando at 6250 Edgewater Drive.

The Hold-Thyssen leasing team of Alex Rowlinson and Troy Stevens represented the owner/landlord of the commerce center, Miami-based Edgewater Commerce Center LLC. The new tenants include:

The Container Center for Performing Arts leased 9,200 square feet of retail/flex space for five years. The theatre company will bring musicals and other performances to the Orlando area.

Web Granite Supplies, Inc. who sells granite cutting and other hardware products, leased 2,400 square feet of flex space for five years.

Edgewater Commerce Center (Birdseye View)

Fiora Designs, Inc. a wedding and event company that specializes in design, production and execution of weddings, has leased 1,600 square feet of flex space for three years.

The new businesses brought Edgewater Commerce Center’s occupancy up to 85 percent.

Hold-Thyssen, Inc. provides commercial property brokerage, 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 Signs National Auto Supply Superstore at New Opening Retail / Flex Development on South Orange

 Orlando, Fla. --- NAI Realvest recently signed the first new tenant, a fast-growing North American franchise, in a new two-building warehouse complex totaling 71,675 square feet at 8119 and 8123 S. Orange Ave. off SR 528 and Sand Lake Rd. in Airport Commerce Center.

South Orange Construction

Michael Heidrich, principal at NAI Realvest who leases and manages the new property represents landlord, Orange Avenue Properties, LLC an affiliate of MAS Investment Group, the Ohio-based developer who is also the owner/developer of 8350 Parkline Blvd. in the Airport Commerce Center. NAI Realvest also leases and manages that building.

Pristine & Clean, Inc. leased suite 100, an end unit with 1,863 square feet in the 8119 S. Orange Ave. building for its Detail Garage Orlando, an auto detailing supplies superstore. This retail/flex building fronts S. Orange Ave. and has 12' x 12' overhead doors, 68 parking spaces and is the seventh Florida location for the national car care franchise.

South Orange Construction

The 8119 S. Orange Ave. building consists of 20,475 square feet and up to 11 units for lease at the rate of $16.25/ SF NNN. The 8123 S. Orange Ave. building has 51,200 square feet of warehouse space and offers up to six 8,533 square foot bays at the rate of $8.00/ SF NNN including two 10' x 14' dock high overhead doors per bay, 60' concrete pads and 86 parking spaces.

“Because of its high profile location, this retail/flex and warehouse space complex will fill up quickly with retailers, distributors, manufacturers, suppliers and vendors. It’s a rapidly growing area,” Heidrich said.

Both buildings offer easy access to all of Orlando including OIA, Orange County Convention Center, tourist attractions and downtown Orlando via Parkline Blvd., Orange Ave., McCoy/Sand Lake Rd. and SR 528.

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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.

Lakefront Land Near Baldwin Park is Prime for a New Downtown Area Infill Project

ORLANDO --- Lakefront property off Bumby Avenue in Orlando is now being marketed to buyers, five adjoining parcels with potential as a valuable urban infill project, by Stirling International Real Estate.  Stirling Broker of Record Roger Soderstrom Jr. said he anticipates significant interest in the property in part because of the rising scarcity of infill sites near downtown Orlando.

Bumby Ave. aerial site plan

The five parcels are individually owned but Stirling, based in Orlando’s Thornton Park, is marketing them as a prime lakefront package deal with the option of individual parcel sales.

All are oversized lots with up to 100 feet of frontage along Lake Druid, in Audubon Park. The property is just southwest of Orlando’s upscale Baldwin Park new urbanist community.

Stirling International agent Sandy Thompson is handling the exclusive marketing arrangement for the project. No firm sales price has been established as offers are being entertained from a range of potential buyers, including national builders and small developers as well as investors.  “Builders could create some really nice plans for this,” Soderstrom said.

Infill projects are a favored tool of urban planners to foster wise land use in downtown areas where demand is strong and utilities and public services are available.  

Bumby Avenue is a historic north-south street that bisects downtown Orlando, just east of Orange Avenue. The street was named for a pioneering Orlando family dating back to the 1800s.

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Towns at White Cedar in Sanford Gets Ready for Opening-- M/I Homes’ Model Underway at New Community Near SunRail

Towns at White Cedar elevation

SANFORD, Fla. --- M/I Homes has a model underway at Towns at White Cedar, its newest community of 155 townhomes located on White Cedar Rd. slightly south of SR 46 and one mile west of the SunRail Station in historic Sanford. 

The gated community, spanning 19 acres will begin sales this Spring of new three- and four-bedroom townhomes with 2-½ to 3½ baths, priced from $230,000 to $300,000 according to M/I Homes Area President David Byrnes.

M/I’s townhome floor plans will range from 1,379 square feet of living area to 1,846 square feet.

Historic downtown Sanford and Seminole Town Center with restaurants and entertainment venues are minutes from this community, along with Rinehart Rd. which offers easy access to the Lake Mary job corridor. 

Towns at White Cedar’s close proximity to SR 46 provides quick access to I-4 and the Greeneway Expressway that lead to all Orlando has to offer including international airports.

“This community offers security and privacy for commuters to metro Orlando and the Daytona Beach area,” Byrnes said, adding “Homeowners won’t have to sacrifice quality for value and convenience.”  

The model will be completed and ready for touring in early June and a community pool and cabana will get underway by May.

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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 delivered more than 81,500 homes. The Company’s homes are marketed and sold under the trade names M/I Homes, Showcase Homes, TriStone Homes and Triumph Homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Chicago, Illinois; Indianapolis, Indiana; Tampa and Orlando, Florida; Austin, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.

Lincoln Property Company Seeking Retail Tenants at Apopka’s New Gateway Plaza Going Up Soon at High Profile Intersection

Apopka / Orlando, Fla. --- Gateway Plaza in the growing Apopka submarket is well underway on the northwest corner of Rock Spring and Lester Roads.  Lincoln Property Company is seeking a wide variety of retail, restaurant as well as medical and office tenants.

The development is in the pre-leasing phase and will break ground during Q2 of this year.   Delivery of the product is slated for Q1 of 2020.

Gateway Plaza

The four-building plaza totaling more than 32,000 square feet situated on 3.37± acres is being developed by VBRO Group in a rapidly developing area surrounded by numerous growing residential communities.

Matthew Weinberger of LPC, broker for the property, said Gateway Plaza will ignite a long-time effort by residential developers and Apopka for more sustainable economic development in northern Apopka.   

Weinberger is in negotiations with several retail tenants and other commercial users for the plaza’s various space configurations that can be leased starting at 1,500 square feet.  Two of the buildings have drive-thru potential, he said.

 

Gateway Plaza, creating more employment opportunities for the area, is just up the street from an established retail area – the major intersection of Rock Spring and Welch Roads, and minutes from Wekiva Springs State Park.

“Because of its location, Gateway Plaza will fill up quickly in this rapidly growing area surrounded by residential developments creating a demand for retail and medical office space,” said Weinberger

Gateway Plaza is convenient to major arterial highways including U.S. 441 and SR 429 (Western Beltway) interchange.   The property is also less than 10 miles from I-4 and SR 434 providing easy access to Longwood, Altamonte Springs, Maitland and all of metro Orlando.

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About Lincoln Property Southeast

Lincoln Property 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.