ST. PETERSBURG, Fla. --- Commercial real estate — typically a lagging indicator of economic vitality — is starting to show signs of recovery, says one expert.
Rachel Elias Wein, AIA, founder and principal of WeinPlus Real Estate Advisory Services in St. Petersburg, recently returned from the International Council of Shopping Centers’ annual Re-Con Convention, which drew an estimated 30,000 real estate brokers, developers and retailers to Las Vegas.
Billed as the nation’s annual gathering of commercial real estate dealmakers, Re-Con was just that, Wein said.
“I’ve never seen so many principals and top executives looking for deals,” Wein said.
“Development deals, anchor tenant deals, power broker deals, retailers shopping market demographics, and the bread and butter of retailers, it was very encouraging,” Wein said.
Wein said commercial real estate developers and retailers are showing signs of improved confidence that improved economic conditions are eminent.
“I think the industry is seeing pent up demand from all sides,” Wein said. “The convention was an energetic, exhausting and entirely optimistic experience,” she said.
Showing posts with label commercial real estate. Show all posts
Showing posts with label commercial real estate. Show all posts
Friday, June 24, 2011
Wednesday, June 15, 2011
NAI Realvest Negotiates Two New Leases for Professional Office Space at University Court in East Orlando
ORLANDO, Fla. --- NAI Realvest recently negotiated two new lease agreements totaling 2,502 square feet of office space at University Court located at 3361 Rouse Rd. off University Blvd. in east Orlando.
Senior Associate Mary Frances West, CCIM negotiated both transactions representing the landlord, Interchange Rouse, LLC of Daytona Beach.
Orlando-based Space & Defense Engineering Services Company, LLC leased suite 120 with 1,380 square feet and 139 Education LLC d/b/a Neurocore leased suite 130 with 1,122 square feet.
Josh Smith of Realty Capital represented Neurocore in the transaction.
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 350 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.
Senior Associate Mary Frances West, CCIM negotiated both transactions representing the landlord, Interchange Rouse, LLC of Daytona Beach.
Orlando-based Space & Defense Engineering Services Company, LLC leased suite 120 with 1,380 square feet and 139 Education LLC d/b/a Neurocore leased suite 130 with 1,122 square feet.
Josh Smith of Realty Capital represented Neurocore in the transaction.
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 350 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.
Monday, June 13, 2011
NAI Realvest Negotiates New Industrial Lease in Oviedo
ORLANDO, Fla. – NAI Realvest recently negotiated a new industrial lease agreement for 2,400 square feet at 1701 Pratt Place in Oviedo.
George Viele, associate at the firm, brokered the transaction representing the landlord, Chess, Inc. of Oviedo
Tuscany Natural Stone Inc. is the new tenant that leased the “At-grade” warehouse space, which includes two acres of outside storage for sale and storage of stone materials.
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 350 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.
George Viele, associate at the firm, brokered the transaction representing the landlord, Chess, Inc. of Oviedo
Tuscany Natural Stone Inc. is the new tenant that leased the “At-grade” warehouse space, which includes two acres of outside storage for sale and storage of stone materials.
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 350 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.
Thursday, June 9, 2011
NAI Realvest Negotiates New Lease for 6,618 Square Feet of Industrial space for Boxing and Fitness Club Expansion at Goldenrod CommerCenter
ORLANDO, Fla. – NAI Realvest recently negotiated a new lease agreement for 6,618 square feet of industrial space in the Goldenrod CommerCenter located at Suite 200, 1468 N. Goldenrod Rd. in East Orlando.
Michael Heidrich, principal at NAI Realvest brokered the transaction on behalf of the landlord, Maitland-based COP-Goldenrod, LLC.
The tenant, SOA, Inc. d/b/a The Source Athletics, Inc., is a boxing, and fitness club that subleases suite 310 with 4,382 square feet at Goldenrod and will be relocating and expanding into the larger suite.
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 350 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.
Michael Heidrich, principal at NAI Realvest brokered the transaction on behalf of the landlord, Maitland-based COP-Goldenrod, LLC.
The tenant, SOA, Inc. d/b/a The Source Athletics, Inc., is a boxing, and fitness club that subleases suite 310 with 4,382 square feet at Goldenrod and will be relocating and expanding into the larger suite.
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 350 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.
Commercial Real Estate Experts to Stage Summit Conference on Current Economic Conditions, Future Trends June 23
ORLANDO, Fla. --- The Florida Chapter of the Turnaround Management Association will hold a summit conference on the current economy and future commercial real estate trends on Thursday, June 23 at the Citrus Club in downtown Orlando.
Panelists for the summit conference include a who’s who of Central Florida commercial real estate advisors.
• George Livingston, chairman emeritus of NAI Realvest, one of the region’s most active commercial real estate developers, investors, brokers, and sources of development capital;
• John Crossman, president of Crossman & Company, one of the largest retail management, leasing and development companies in the Southeast;
• Jay Ballard, senior director of Apartment Brokerage Services at Cushman & Wakefield, Inc.;
• Patrick Chisholm, vice president of Maury L. Carter Associates, Inc.;
• David Murphy, senior vice president of Industrial Properties at CB Richard Ellis; and
• Frank M. Mock, an attorney at Lowndes Drosdick Doster Kantor & Reed, PA, will moderate the panel discussion.
Cost to attend the event is $45; to register or for more information, visit www.tmaflorida.org or telephone 954-653-2484.
Panelists for the summit conference include a who’s who of Central Florida commercial real estate advisors.
• George Livingston, chairman emeritus of NAI Realvest, one of the region’s most active commercial real estate developers, investors, brokers, and sources of development capital;
• John Crossman, president of Crossman & Company, one of the largest retail management, leasing and development companies in the Southeast;
• Jay Ballard, senior director of Apartment Brokerage Services at Cushman & Wakefield, Inc.;
• Patrick Chisholm, vice president of Maury L. Carter Associates, Inc.;
• David Murphy, senior vice president of Industrial Properties at CB Richard Ellis; and
• Frank M. Mock, an attorney at Lowndes Drosdick Doster Kantor & Reed, PA, will moderate the panel discussion.
Cost to attend the event is $45; to register or for more information, visit www.tmaflorida.org or telephone 954-653-2484.
Monday, June 6, 2011
NAI Realvest Negotiates New Office Leases in South Orlando
ORLANDO, Fla. – NAI Realvest recently negotiated a new office lease for 1,830 square feet in the South Park Business Center, an office/warehouse development located at 8600 Commodity Circle in south Orlando.
Tom R. Kelley II, CCIM, principal at NAI Realvest, negotiated the transaction on behalf of landlord, South Park, LLC of Miami. The tenant, Orlando-based Sunshine Limousine and Sedan Service was represented by Charles Hwang of Global Properties.
Kelley also negotiated a new office lease in Orlando Central Park, 6900 South Orange Blossom Trail, representing the landlord Rene Mestdagh Revocable Trust of Orlando. The new tenant, Roman Realty, LLC leased 380 square feet.
About NAI Realvest
NAI Realvest in Orlando, 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 350 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.
Tom R. Kelley II, CCIM, principal at NAI Realvest, negotiated the transaction on behalf of landlord, South Park, LLC of Miami. The tenant, Orlando-based Sunshine Limousine and Sedan Service was represented by Charles Hwang of Global Properties.
Kelley also negotiated a new office lease in Orlando Central Park, 6900 South Orange Blossom Trail, representing the landlord Rene Mestdagh Revocable Trust of Orlando. The new tenant, Roman Realty, LLC leased 380 square feet.
About NAI Realvest
NAI Realvest in Orlando, 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 350 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 Negotiates $6 Million Purchase of 5.44 Acre Beachfront Development Site in Daytona Beach by Toronto Investment Firm
DAYTONA BEACH, Fla. --- NAI Realvest recently negotiated the purchase of a 5.44 acre beachfront development site at 801-905 S. Atlantic Avenue in Daytona Beach for $6,000,000.
Chris Butera associate at NAI Realvest in Maitland, negotiated the sale representing the buyer Toronto-based Bayshore Capital. The seller is Regions Bank of Birmingham, Ala.
The site is comprised of four separate lots and three former beachfront motels that AJ Daytona Developers acquired for $26 million in 2004 and combined into a single parcel for development of a luxury hotel before Regions foreclosed in 2009
Located in the core Daytona Beach tourist area, the site ranks as the largest and highest-priced oceanfront parcel to sell in all of Daytona Beach in recent years.
“Bayshore Group has been acquiring strategic development sites in the Daytona Beach area for several months,” Butera said. “They were a perfect match for this site.”
Since last August, Bayshore Group has spent more than $14 million to acquire beachfront sites in Daytona Beach that total more than 12 acres in four separate transactions.
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 350 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.
Chris Butera associate at NAI Realvest in Maitland, negotiated the sale representing the buyer Toronto-based Bayshore Capital. The seller is Regions Bank of Birmingham, Ala.
The site is comprised of four separate lots and three former beachfront motels that AJ Daytona Developers acquired for $26 million in 2004 and combined into a single parcel for development of a luxury hotel before Regions foreclosed in 2009
Located in the core Daytona Beach tourist area, the site ranks as the largest and highest-priced oceanfront parcel to sell in all of Daytona Beach in recent years.
“Bayshore Group has been acquiring strategic development sites in the Daytona Beach area for several months,” Butera said. “They were a perfect match for this site.”
Since last August, Bayshore Group has spent more than $14 million to acquire beachfront sites in Daytona Beach that total more than 12 acres in four separate transactions.
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 350 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.
Thursday, June 2, 2011
NAI Realvest Negotiates New Five-Year Lease for Office/Industrial Facility in Winter Park
ORLANDO, Fla. – NAI Realvest recently negotiated a new lease agreement for 3,000 square feet of office and industrial space at 667-669 Cherry St. in Winter Park.
Tom Kelley, II CCIM, principal at NAI Realvest, brokered the transaction on behalf of the local landlord, John J. Sharp Trust and the new tenant, Lajur Inc. of Winter Park
About NAI Realvest
NAI Realvest in Orlando, 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 350 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.
Tom Kelley, II CCIM, principal at NAI Realvest, brokered the transaction on behalf of the local landlord, John J. Sharp Trust and the new tenant, Lajur Inc. of Winter Park
About NAI Realvest
NAI Realvest in Orlando, 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 350 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.
Wednesday, June 1, 2011
NAI Realvest Negotiates Long Term Lease of Former Village Inn Restaurant on South John Young Parkway in Orlando
Maitland - NAI Realvest recently negotiated a new long-term retail lease agreement with Habaneros Mexican Restaurant for the 4,665 square foot former Village Inn restaurant facility at 13524 South John Young Parkway in Orlando.
Matt Cichocki and Kevin O’Connor, principals at NAI Realvest negotiated the transaction representing the landlord, Realty Income Corporation based in Escondido, Calif. Jeff Tanner of Coldwell Banker commercial NRT represented the tenant.
Habaneros plans a June opening of the restaurant with an unspecified number of seats, Cichocki said.
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 350 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.
Matt Cichocki and Kevin O’Connor, principals at NAI Realvest negotiated the transaction representing the landlord, Realty Income Corporation based in Escondido, Calif. Jeff Tanner of Coldwell Banker commercial NRT represented the tenant.
Habaneros plans a June opening of the restaurant with an unspecified number of seats, Cichocki said.
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 350 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 Negotiates Lease Renewal for 6,000 Square Feet at Sanford Central Park
Maitland, Fla. – NAI Realvest recently negotiated a lease renewal agreement for 6,000 square feet of office/warehouse space in Sanford Central Park, 801 Central Park Drive off S.R. 46 in Sanford.
Michael Heidrich, principal at the firm, brokered the transaction on behalf of the landlord, Winter Park-based Private Storage, Inc. d/b/a Selwo Investment Group, and the tenant, DHR Mechanical Services Orlando, Inc. d/b/a Shumate Mechanical.
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 350 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.
Michael Heidrich, principal at the firm, brokered the transaction on behalf of the landlord, Winter Park-based Private Storage, Inc. d/b/a Selwo Investment Group, and the tenant, DHR Mechanical Services Orlando, Inc. d/b/a Shumate Mechanical.
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 350 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 Negotiates Industrial Lease for Auto Collision Repair Facility at Carter CommerCenter in Winter Garden
Maitland, Fla. – NAI Realvest recently negotiated a new lease agreement for 1,875 square feet of industrial space in Suite 280 of the Carter CommerCenter, 902 Carter Rd. in Winter Garden off S.R. 50.
Michael Heidrich, a principal at NAI Realvest, brokered the transaction on behalf of the landlord COP-Carter, LLC of Maitland and the tenant, J & L Customs, Inc. a Winter Garden based auto collision repair and custom shop.
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 350 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.
Michael Heidrich, a principal at NAI Realvest, brokered the transaction on behalf of the landlord COP-Carter, LLC of Maitland and the tenant, J & L Customs, Inc. a Winter Garden based auto collision repair and custom shop.
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 350 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.
Tuesday, May 31, 2011
NAI Realvest negotiates new lease for Satellite Office of Palm Beach Investigations firm at Heathrow I
MAITLAND, Fla. – NAI Realvest recently negotiated a new lease agreement for 2,772 square feet of Class A office space in Suite 250 of Heathrow I at 250 International Parkway in the Lake Mary / I-4 corridor.
Thomas E. Hankins CCIM SIOR, principal at NAI Realvest, negotiated the transaction representing the tenant, Forensic Solutions, which is based Palm Beach Gardens. The forensic accident investigations firm who services the insurance industry, corporations and municipalities leased the space for its central Florida satellite office.
The landlord is Heathrow Equity I, LLC.
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 350 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.
Thomas E. Hankins CCIM SIOR, principal at NAI Realvest, negotiated the transaction representing the tenant, Forensic Solutions, which is based Palm Beach Gardens. The forensic accident investigations firm who services the insurance industry, corporations and municipalities leased the space for its central Florida satellite office.
The landlord is Heathrow Equity I, LLC.
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 350 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.
Tuesday, May 24, 2011
NAI Realvest Extends Hudson Restaurant Property Online Auction to June 8
ORLANDO, Fla. --- Paul P. Partyka, managing partner at NAI Realvest in Maitland, is going online to sell a 9,367 square foot restaurant building on a 2.8 acre site in Hudson to the highest bidder on June 8.
Partyka said the facility, located on S.R. 52 in Hudson between U.S. 19 and County Road 1, is well located on a busy thoroughfare, posts daily traffic counts that range between 30,000 and 63,000, surrounded by residential neighborhoods.
“It’s an excellent opportunity for development as a restaurant or for redevelopment with another use,” Partyka said.
Buyers of mid-range commercial facilities don’t often tour Hudson looking for opportunities.
“The online auction format offers us an excellent opportunity,” Partyka said. “We can present to a worldwide audience of potential bidders who are more interested in the facts---demographics, location, facility size, parking---than the general area,” he explained.
NAI Realvest designed a special web site for the auction at NAIauction.com/Hudson, and bids will be accepted online from 11 a.m. to 3 p.m. on Wednesday, June 8.
Friday, May 20, 2011
Marketplace Advisors, Inc. celebrates 10th Anniversary, Sees Opportunity as development has emerged in select market areas
ORLANDO, Fla. --- Marketplace Advisors, Inc., a real estate consulting company that focuses on retail districts, town centers, sustainable community development, celebrated its 10th anniversary in May, and founder and president David Marks said he is becoming more optimistic about the future of commercial real estate markets in Central Florida.
“The Central Florida region has experienced employment growth of 20,400 jobs over the last 12 months (March 2010 to March 2011), a two percent increase. Several pockets of commercial and residential activity are occurring in the Horizons West area in southwest Orange County, Lake Nona’s Medical City area, The Villages, and the UCF area,” Marks said.
Marks said these areas all have strong demand factors driving development. “Employment drives residential development and residential development drives retail and service businesses. All of these area hotspots are being driven by these circular factors,” Marks said.
Marks has more than 25 years of experience in commercial real estate consulting and community planning. His 10-year study of sustainable community planning in the U.S. and Europe has generated a unique database of planning and development models.
Marks is a frequent speaker at U.S. urban planning and community development conferences and conventions and is now currently negotiating with several New York publishers on a book that details his study.
NAI Realvest Negotiates Lease Renewal at Oviedo Commerce Center
ORLANDO, Fla. – NAI Realvest recently negotiated a lease renewal agreement for 1,533 square feet of industrial space at Oviedo Commerce Center, 2460 West S.R. 426, suite 1008 in Oviedo.
George Viele, associate at the firm, brokered the transaction representing the Landlord, Oviedo Commerce Center, LLC based in Altamonte Springs.
The tenant is Oviedo-based Advanced Compatible Solutions, Inc.
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 350 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.
Thursday, May 19, 2011
NAI Realvest Negotiates New Office Lease at University Court in East Orlando
ORLANDO, Fla. --- NAI Realvest recently negotiated a new lease agreement for 2,502 square feet of office space at University Court located at 3361 Rouse Rd. off University Blvd. in east Orlando.
Senior Associate Mary Frances West, CCIM negotiated the transaction representing the landlord, Interchange Rouse, LLC of Daytona Beach.
ASSA ABLOY Sales and Marketing Group, Inc. headquartered in New Haven, Conn., leased Suites 105 and 110 in the building. The tenant was represented by Robert Kellogg of Grubb & Ellis.
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 350 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.
Tuesday, May 10, 2011
Marketplace Advisors Negotiates Two New Retail Lease Agreements for 3,540 Square Feet of Space in Lake Buena Vista
ORLANDO, Fla. --- Marketplace Advisors, Inc. recently negotiated two new long-term lease agreements that total 3,540 square feet of retail space at Blue Heron Beach Resort Shopping Center on Blue Heron Beach Drive off S.R. 535 in Lake Buena Vista.
David Marks, president of Marketplace Advisors, Inc. negotiated both lease agreements representing the landlord, ORL Commercial Center, LLC.
Premium Photo Outlet, Inc. leased 1,883 square feet at the retail center. M&O Wireless LLC, leased 1,657 square feet.
The center has only two remaining bays available, with a Letter of Intent out to a prospective tenant for one of them.
Stirling Sotheby’s International Realty Appointed Exclusive Sales, Marketing Agents at Johns Lake Point in Winter Garden
ORLANDO, Fla. --- Stirling Sotheby’s International Realty has been named exclusive sales and marketing agents at Johns Lake Point, centrally located on Avalon Road in Winter Garden.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said associates Jennifer Gonzalez and Luis Gonzalez of Stirling Sotheby’s Heathrow Gallery are representing the Johns Lake Point developer Misty Ridge Ventures in sales of nine new home residences on the property priced from the $160s to the mid $400s.
Altogether, 323 new homes are planned at Johns Lake Point in three distinct villages with 50-, 75- and 85-foot lots. In addition, construction will start this summer on a 4,000 square foot amenity center with fitness facilities, a junior Olympic-sized pool, tennis courts and children’s play area.
Stirling Sotheby’s associate Jennifer Gonzalez said new three to six-bedroom homes at Johns Lake Point range in size from 1,600 square feet of living space to 3,800 square feet, some of which are situated on preserve and pond front homesites.
Gonzalez said close proximity to Orlando’s main arterial highways – State Roads 408 and 429 and the Florida Turnpike – makes Johns Lake Point within easy access to anywhere in the metro Orlando area.
“Our onsite model sales center is now open,” Gonzalez said.
Photo Gallery: http://www.stirlingsir.com/eflyers/johnslake/gallery/
Video: http://www.youtube.com/watch?v=9TWnFWV1cQ8
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, commercial, property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates three performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
NAI Realvest negotiates new industrial lease for 16,916 Square Feet at Monroe CommerCenter North in Sanford
MAITLAND, Fla. --- NAI Realvest recently negotiated a new lease agreement for 16,916 square feet of industrial space at Monroe CommerCenter North in Sanford.
Michael Heidrich, a principal in the firm, brokered the transaction representing the landlord, Maitland-based COP-Monroe North, LLC.
SCT Performance, LLC of Sanford leased the property at 4150 Church Street Suites 1018 and 1024 for its high-performance automotive products and custom engine tuning dealership.
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 through NAI Global, an international commercial real estate network with over 350 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.
Thursday, March 12, 2009
Hal Warren elected Vice-Chairman of Orlando Historic Preservation Board
Hal Warren elected Vice-Chairman of Orlando Historic Preservation Board
ORLANDO, Fla. - Hal Warren, a veteran commercial broker in Central Florida and associate partner at Hendricks & Partners in Orlando, was recently elected vice-chairman of the Orlando Historic Preservation Board.
Warren was appointed to the Orlando Historic Preservation Board in December, 2007 by Orlando Mayor Buddy Dyer.
A graduate of Florida State University in Tallahassee, Warren earned his MBA Degree from the University of Central Florida. He has more than 20 years of experience in commercial real estate, including positions as southeast acquisitions director for United Dominion Realty Trust, Inc. and senior director with Cushman & Wakefield's Apartment Brokerage Services.
Last year he joined Hendricks & Partners, the nation's largest private capital network of advisors and systems, as associate partner in the firm's southeast regional division headquartered in downtown Orlando.
"The Orlando Historic Preservation Board plays an important role in maintaining and protecting those elements of architecture and infrastructure that make Orlando a unique place with a vivid connection to its past," Warren said.
For more information, please contact:
Hal Warren, Associate Partner, Hendricks & Partners, 407-218-8881
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
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