Fast-Growing UK Firm Buys Large Downtown Orlando Office ‒ Stirling International Team Brokers $2.19 Million Sale at The Plaza

ORLANDO, Fla. – Epos Now, a U.K. based provider of Point of Sale systems and software has purchased nearly half of the 20th floor in the south tower of The Plaza at 189 S. Orange Ave. for its U.S. headquarters. 
The leading POS software designer focused on the retail and hospitality industries, closed earlier this week on the 9,104 square foot Class A office comprising three suites for $2,189,952.00 to expand its operations in the U.S. 
“Our USA expansion has been a great success. Our mission is to supply the technology sorely needed by bricks and mortar to level the playing field and thrive. With over 5,000 USA locations to support, we are now firmly setting roots and fully investing in Orlando. This means we can give our team members an environment they can be proud of and show our commitment to their personal and professional development. We are here to support the local community and add value in any way we can,” said Jacyn Heavens, founder of Epos Now.

“Currently, we have 46 employees already in Orlando and we’re looking to double that in 2019-2020 to over 100, creating over 50 tech jobs in Orlando.   Globally we’re looking at taking this number to 400+ over the same period,” Heavens added.

The Stirling International Real Estate team of John Kurtz, CCIM and Roger Soderstrom, Jr., negotiated the sale on behalf of the seller, RSC Plaza Office Condos, LLC, part of Denver-based Real Capital Solutions.  Epos Now received financing through Adrian Nuño with BBVA’s corporate banking team in downtown Orlando at 111 N. Magnolia Ave.
“The Plaza offers a unique opportunity in Downtown Orlando’s CBD to purchase class A office space well below replacement costs,” Kurtz said.  “Smart companies are taking advantage of today’s low mortgage rates and the significant business advantages of owning their own office space,” Kurtz said.
Stirling International is the leasing and management representative for more than 120,000 square feet of office space at The Plaza, a mixed use development that includes  105,000 square feet of high end retail within the two towers including a 12-screen cinema, restaurants, and 306 Solar residential units.  Its location with close proximity to major thoroughfares is a major asset for users who require easy access to the international airport and throughout the state.

NAI Realvest Completes $5.3 Million Investment Sale / Leaseback For The New Home of Tommy’s Florida Boat Dealership in Clermont

CLERMONT, Fla. --  NAI Realvest, based in Orlando and one of the leading providers of real estate services in Florida,  recently closed on the NNN investment sale of a 14,518 square foot boat dealership building on a five-acre tract at 16212 SR 50 in Clermont. 

Scottsdale, AZ-based STORE Master Funding XVIII, LLC, purchased the property for $5.3 Million with a long-term lease in place to the seller, Bear Creek Bridge, LLC of Grand Rapids, MI d/b/a Tommy’s Florida.

While still under their ownership, Tommy’s developed the property for their own use and the boat dealership relocated from a former site in Clermont. Tommy’s now employs a staff of 20 at the new location which provides for growth and a few more jobs are projected within the next year. A grand opening was recently held at the newly built facility. 

NAI Realvest Principals Matt Cichocki and Kevin O’Connor negotiated the sale / leaseback on behalf of the seller and Geoffrey Faulkner of NNNet Advisors represented the buyer in the transaction.

Tommy’s focuses on sales and rentals of new and pre-owned boats primarily for water sports and currently has four other locations in Michigan and Colorado. 
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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. 

Space at Orlando-Sanford Airport Commerce Park in Tight Supply as Tenants Stay, Expand and Boost Local Economy

Orlando / Sanford, Fla. --- The Commerce Park at Orlando-Sanford International Airport has a tight supply as strong demand for industrial space there is seen by NAI Realvest who handles leasing at the airport and recently closed on multi year leases for over 55,000 square feet.

Paul P. Partyka, CCIM, MICP, partner at one of the region’s most active commercial property brokers negotiated lease agreements on behalf of the Sanford Airport Authority with tenants who believe their own growth is due in large part to growth at the airport and its convenient location.   
National brand Toro AG, providing agriculture supplies and equipment renewed their lease of 42,600 square feet of warehouse and manufacturing space;  Skimmer Skiffs boat manufacturer renewed a 6,116 square foot facility while waiting for a larger building to become available at the airport;  Enterprise Leasing Company of Orlando, LLC renewed its lease of 2,440 square feet due to its strong business growth and Florida Clay Art, an artisan tenant for decades, renewed its lease of 4,020 square feet.

“The growth and diversity of the businesses at the Orlando Sanford Airport, and low vacancy at this industrial hot spot is welcome news for the local economy,” says Partyka.
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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

NAI Realvest’s Veronica Malolos Earns Prestigious CCIM Designation

KISSIMMEE / ORLANDO -- Veronica Malolos, Osceola County broker at NAI Realvest, has been awarded the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute recognizing her as an expert in the disciplines of commercial and investment real estate.     

Malolos completed all of the requirements including the Institute’s comprehensive studies and testing, and demonstrated a vast portfolio of experience.  CCIMs must be proficient in the areas of investment analysis, market analysis, user decision analysis and financial analysis for commercial real estate. 
Patrick Mahoney, President and CEO of NAI Realvest said in addition to this achievement Malolos is an established leader in Osceola County and serves as Chairwoman of the County’s Planning Board.  She has more than 15 years of experience in commercial real estate focusing on tenant representation, brokerage, investment, development, sales and leasing. 
Among the more than 150,000 commercial real estate professionals in the United States, only an estimated 6 percent hold the CCIM designation.     CCIM members are responsible for an approximate US$400 billion annually of real estate transactions globally. CCIM Institute is a commercial affiliate of the National Association of Realtors and is headquartered in Chicago.
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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 Long Term Lease for 2nd Gen Retail Pharmacy in St. Cloud

ST. CLOUD --- Hold Thyssen, Inc., a full service commercial property firm based in Winter Park, recently completed a five-year lease agreement to assist in the opening of a 2nd Gen retail pharmacy at 520 13th Street off of U.S. 192 in St. Cloud. 

Hold Thyssen leasing associate Vikash Mahadeo negotiated with the owners of a Mount Dora-based, independently-owned retail pharmacy to expand their business into the new market by opening a second chain location. Keshav Rx, LLC leased the 1,145 square foot space in a two-unit building where the other occupant is a family practice medical office. Keshav Rx anticipates an opening date in the first quarter of 2020.  The landlord is TC Holdings, LLC; a local owner specializing in acquisition of medical office buildings. 

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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Jamerika Ramsey wins 2019 Crossman & Company Endowed Real Estate Scholarship at B-CU

DAYTONA BEACH / ORLANDO --- Jamerika Ramsey, a junior at Bethune-Cookman University in Daytona Beach with a 3.96 GPA is the recipient of the university’s Crossman & Company Endowed Real Estate Scholarship for 2019.

Ramsey, who was raised in the Atlanta area, majors in Political Science and has held the highest academic GPA every year in the BC-U Liberal Arts department.  She plans to go to lawschool, become an attorney, a real estate investor and entrepreneur.

“I am honored to be a recipient of the Crossman & Company Real Estate Scholarship.  Although I have a lot of work ahead of me to get where I want to be in life, I am confident because of what I have accomplished so far at Bethune-Cookman University,” she said.

Crossman & Company, which ranks as one of the largest third-party retail leasing and management firms in the Southeast, established an endowed scholarship for students at Bethune-Cookman University in 2014.
 
In addition, John Crossman, CEO, and his family launched an endowment fund for BC-U in 2004 in memory of his father Reverend Kenneth C. Crossman and donors have contributed over $100,000 throughout the years.

As CEO, Crossman promotes firm’s core values of a strong commitment to community service, industry education initiatives and dedication to diversity through creating scholarships and mentoring.

Crossman & Company now has real estate scholarships at FSU, FAMU, B-CU, and UCF.
“One of the best ways to improve the real estate marketplace is to encourage the participation of the best of the next generation,” Crossman said.
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Rhodes+Brito Co-Founder Honored with AIA’s Nils M. Schweizer Award

ORLANDO, Fla. --- The Orlando Chapter of American Institute of Architects, one of the most prestigious and influential professional organizations in the US,  honored Maximiano “Max” Brito

co-founder and partner of Rhodes+Brito Architects with the 2019 Nils M. Schweizer Award for his community service.   

“Our firm focuses on designing public places, facilities and learning institutions,” Brito, said.  “Community service has been a big portion of our dedication to giving back to the community.” 

The Nils M. Schweizer award was named after the late prominent Orlando architect and humanitarian.
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Riviera Bella’s New Amenities Getting Ready to Open Featuring $400,000 Splash Park + Fitness Trail and New Entry

 DeBary, Fla. --- The much-anticipated expanded amenities at Riviera Bella are here. The highlight of the amenities unveiled this month (October) is a $400,000 children’s interactive water play area.

The water park where children can play in gentle mists and streaming jets of water was created by Freeport Fountains of Sanford.

The new amenities package also includes an additional landscaped entrance and a fitness trail, according to Jerome Henin, president of the firm developing the award-winning Rivera Bella community spanning 240 acres and overlooking the St. Johns River.

In the original phases of Riviera Bella, M/I Homes and Henin Homes are currently selling and building new single-family homes on the remaining homesites priced from the high $200s, to more than $1 million for homes on the riverfront. Henin says there are less than 50 homesites remaining for new homes on the west side within the original 415-unit Riviera Bella development.

In the newer section of Riviera Bella with 293 homesites, homebuilder D.R. Horton is building new single-family homes priced from the mid-$200s.

Upon completion of the 20-year residential project, the combined 708 homesites at Riviera Bella equates to approximately $300 Million in total sales of homes in a variety of styles by Henin Homes, M/I Homes and D.R. Horton. Buildout is expected in 2023

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Hold-Thyssen Closes $3.4 Million Sale of Multi-Tenant Retail Center Facing I-75 in Ocala

OCALA --- Hold-Thyssen, a full service commercial property firm based in Winter Park, brokered the sale of Marion Crossing, a 60,000 square foot multi-tenant retail center built in 1990 at 2101 SW Highway 484 off of I-75 in Ocala.

The property, situated on 19 acres overlooking I-75, was 73 percent occupied at the time of the sale and sold by Security Mutual Life Insurance Company of New York to a California investment entity for $3,400,000.00. Major tenants include Hemispherx, VNA of Florida and Low Vision Aids Inc.

“We were able to bring a group of doctors from California to a successful and seamless closing of the transaction,” said Saxon Evans, Director of Investment Sales at Hold-Thyssen, who negotiated the sale representing the buyers and seller.

Hold-Thyssen based in Winter Park with offices in Clearwater, 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 than 100 commercial properties throughout the United States.

Flagship Companies’ Land Acquisition Set for Retail, Self-Storage - NAI Realvest | Charles Wayne Closes Land Sale for Mixed-use Opportunities in DeLand

DeLand, Fla. -- NAI Realvest | Charles Wayne Commercial closed the sale of 6.44 acres on SR 15A in DeLand.  Lake Mary-based Flagship Companies Group purchased the land for $762,500 to build a mixed-use and self-storage development in the underserved area.

   
"The market is currently underserved when it comes to the supply of flex space that this project will be providing," says Steve Costa principal at NAI Realvest | Charles Wayne who brokered the sale and represented sellers Norman and Victoria Todd of Osprey, Fla. 

The project, strategically located at the northwest corner of the intersection of SpringGarden and S. Adele Avenues in DeLand, will feature “‘Maker’ style spaces to encourage employment opportunities in the SpringGarden area,” Costa said. 

The Maker units will consist of five retail units available for lease to local Artisans in the community.  The units will also have capability for light manufacturing uses with additional storage space and secured outdoor parking, he explained.   

The state-of-the-art facility is to be managed and operated by Extra Space Storage and will also include controlled climate storage units and outdoor parking for RVs and boats. 

Chicago-based Flagship is also building and operating self-storage facilities throughout Florida including Daytona Beach, Port Orange, Sanford, Orlando, Lakeland, Tampa and Sarasota.

The DeLand development will support two full time employees and it is estimated that over 50 people will be necessary to support the mixed-use project at full capacity.


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.