Turning Your Leased Industrial Facilities into a Profit Center By George Livingston and Christie Alexander
Ed. Note: George Livingston is founder and chairman of NAI Realvest, based in Maitland, one of the most active commercial real estate brokerage firms in Central Florida. He is a principal of CommerCenters, LLC, which ranks as one of the region’s largest developers of industrial facilities.
According to current economic indicators---and most economists--- U.S. business and industry will likely show measurable signs of improvement in 2011. That means the window is narrowing on the opportunity for industrial firms to recognize significantly improved revenue from their leased facilities.
That may seem counter-intuitive at first. But the current economic cycle is rife with opportunity for successful enterprises with positive credit history. Your landlord is loath to admit it, but the fact is, your company---more specifically your leasehold obligation---is one of your landlord’s principal assets right now.
Nationwide, commercial properties---including the facilities you occupy now---have decreased in value as a result of the real estate decline and the accompanying recession. With regional and local market vagaries, all properties have suffered. As undercapitalized companies downsized or folded, vacancies spiked and rents from remaining tenants have not made up the difference.
That means the capital value of your monthly rent payment---the relative proportion of your landlord’s mortgage payment or ROI covered by your payment---is substantially greater than the numerical dollar value. Your landlord and your landlord’s lender are both eminently aware of this.
To the extent that you can turn that value differential into cash---or concessions---you can improve your company’s cash position.
But beware the window is closing. As the economy improves and more companies expand, the value differential will evaporate.
If your lease is due for renewal this year, current market conditions are even more favorable.
Landlords will agree to substantial concessions to retain a good tenant. Even if your lease is not due for renewal soon, negotiate now and offer to extend the term.
A reputable offer of terms and conditions from a new landlord will inevitably lead to stronger concessions from your current landlord.
From your current landlord’s perspective, the only meaningful differential is an estimate of your relocation costs versus his cost to lease the space to a new tenant.
Well-informed---and well-represented---tenants are cutting very good deals now with pragmatic landlords, fixing advantageous rates, lengthening lease terms and negotiating improvements and upgrades.
In the current market cycle, most companies will benefit from lease negotiations conducted with the expertise of a good tenant representative. Almost every commercial property firm today retains associates whose specialty is representing the interests of tenants.
Such specialists have the capacity to research properties, landlords and local market conditions, and know which concessions are most reasonable.
They also know the conditions landlords face. A newly built industrial property may have minimum lease requirements imposed by lenders, and thus might be more flexible granting improvements or upgrades than lower lease rates.
Landlords of older properties may be in a better position to wait out the recovery and thus be less inclined to negotiate generous concessions of any sort. A good tenant representative will know the inside story.
The end result is the same. Time is of the essence. Act now and you can lock in rates and terms that fit your business plan and substantially improve your bottom line.
Friday, January 28, 2011
Friday, January 21, 2011
Margie and Richard Trostheim of Cedar Falls, Iowa Feted as 500th Home Buyer at Del Webb Southshore Falls in Apollo Beach
APOLLO BEACH, Fla. – Margie and Richard Trostheim of Cedar Falls, Iowa, were recently feted as the 500th home buyers at Del Webb Southshore Falls, the historic active adult community located at Shell Falls Drive in Apollo Beach.
The soon-to-be retired couple plans to move into their new home at Del Webb Southshore Falls in July, said Sean Strickler, vice president of sales and marketing for the Central Florida division of Del Webb Communities.
Richard Trostheim is retiring from a career as custodial supervisor at the University of Northern Iowa and Margie is retiring from the same university where she has been a clerk for many years. Del Webb Southshore Falls appealed to them for the warm weather and nearby golf.
“We have been looking forward to this for many years,” the Trostheims said.
For the Trostheims, the safety features, planned activities and friendly neighbors proved an irresistible lure.
“There is something interesting to do every day and the home owners we met here are friendly, happy and engaging,” Mrs. Trostheim said. “We have already met friends and we are looking forward to being neighbors,” she said.
For more information about this news release, contact: Lyndsey Clarke, Marketing Manager Del Webb Central Florida Division, 407-661-2150 ext 1416 2301 Lucien Way, Suite 400, Maitland, FL 32751; lyndsey.clarke@pultegroup.com; Sean C. Strickler, Vice President Sales & Marketing Del Webb-Central Florida, 407-661-1461 sean.strickler@pultegroup.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Del Webb: Celebrating its 50th anniversary in 2010, award-winning Del Webb communities provide a vibrant, enriched lifestyle for those ages 55 and older, creating an unmatched experience for the next phase of life. Del Webb communities began with the original Sun City which opened outside Phoenix, Arizona in 1960 and have grown to include more than 50 communities currently open for new home sales in 21 states. Del Webb is the undisputed leader of active adult communities in America and draws on its 50 years of experience of providing residents an engaging life which fulfills their creative, physical, mental, and social needs. Together with Del Webb residents, the brand is redefining retirement. For more information on Del Webb, visit www.delwebb.com.
About PulteGroup: PulteGroup, Inc. (NYSE: PHM) based in Bloomfield Hills, Mich., is America’s premier home building company with operations in 67 markets, 29 states and the District of Columbia. Celebrating its 60th anniversary in 2010, the Company has an unmatched capacity to meet the needs of all buyer segments through its brand portfolio that includes Pulte Homes, Centex Homes and Del Webb. As the most awarded homebuilder in customer satisfaction, the brands of PulteGroup have consistently ranked among the nation’s top homebuilders as surveyed by third-party, independent national customer satisfaction studies. For more information about PulteGroup, Inc. and PulteGroup brands, see www.pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com
The soon-to-be retired couple plans to move into their new home at Del Webb Southshore Falls in July, said Sean Strickler, vice president of sales and marketing for the Central Florida division of Del Webb Communities.
Richard Trostheim is retiring from a career as custodial supervisor at the University of Northern Iowa and Margie is retiring from the same university where she has been a clerk for many years. Del Webb Southshore Falls appealed to them for the warm weather and nearby golf.
“We have been looking forward to this for many years,” the Trostheims said.
For the Trostheims, the safety features, planned activities and friendly neighbors proved an irresistible lure.
“There is something interesting to do every day and the home owners we met here are friendly, happy and engaging,” Mrs. Trostheim said. “We have already met friends and we are looking forward to being neighbors,” she said.
For more information about this news release, contact: Lyndsey Clarke, Marketing Manager Del Webb Central Florida Division, 407-661-2150 ext 1416 2301 Lucien Way, Suite 400, Maitland, FL 32751; lyndsey.clarke@pultegroup.com; Sean C. Strickler, Vice President Sales & Marketing Del Webb-Central Florida, 407-661-1461 sean.strickler@pultegroup.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Del Webb: Celebrating its 50th anniversary in 2010, award-winning Del Webb communities provide a vibrant, enriched lifestyle for those ages 55 and older, creating an unmatched experience for the next phase of life. Del Webb communities began with the original Sun City which opened outside Phoenix, Arizona in 1960 and have grown to include more than 50 communities currently open for new home sales in 21 states. Del Webb is the undisputed leader of active adult communities in America and draws on its 50 years of experience of providing residents an engaging life which fulfills their creative, physical, mental, and social needs. Together with Del Webb residents, the brand is redefining retirement. For more information on Del Webb, visit www.delwebb.com.
About PulteGroup: PulteGroup, Inc. (NYSE: PHM) based in Bloomfield Hills, Mich., is America’s premier home building company with operations in 67 markets, 29 states and the District of Columbia. Celebrating its 60th anniversary in 2010, the Company has an unmatched capacity to meet the needs of all buyer segments through its brand portfolio that includes Pulte Homes, Centex Homes and Del Webb. As the most awarded homebuilder in customer satisfaction, the brands of PulteGroup have consistently ranked among the nation’s top homebuilders as surveyed by third-party, independent national customer satisfaction studies. For more information about PulteGroup, Inc. and PulteGroup brands, see www.pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com
Lavista Associates Reports Sales of 36 Commercial REO Properties in 2010 That Total More Than $24 Million
ATLANTA, Ga. --- Lavista Associates, one of Atlanta’s leading commercial real estate companies, reports it sold 36 commercial REO properties in 2010 with 10 of those sold in the month of December alone.
Tom Davenport, president of Lavista Associates, Inc. said proceeds from sales of REO properties in 2010 totaled more than $24 million.
Lavista Associates represented 11 banks and lending institutions in the sales, Davenport said.
Commercial REO assets sold in 2010 included 20 office buildings, two office condominium projects, seven retail strip centers, one convenience store, five industrial properties, and one self-storage facility.
Lavista Associates is currently responsible for the marketing of 54 REO properties representing eight financial institutions. The firm is currently engaged in the marketing, sales and management of 37 office condominium projects.
“Our REO work saw substantial growth in 2010 and we expect that trend to continue in 2011,” Davenport said.
Lavista Associates recently added three major REO clients---First Citizens Bank, BB&T, which awarded assignments to Lavista Associates in the fourth quarter of 2010, and Ameris Bank, which selected Lavista Associates in December.
* * *
For more information contact: Tom Davenport, President, Lavista Associates, Inc. 770-448-6400; tdavenport@lavista.com; Kimberly Steele, Director of Marketing & Administration, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Lavista Associates, Inc.: Serving Atlanta for over 38 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Tom Davenport, president of Lavista Associates, Inc. said proceeds from sales of REO properties in 2010 totaled more than $24 million.
Lavista Associates represented 11 banks and lending institutions in the sales, Davenport said.
Commercial REO assets sold in 2010 included 20 office buildings, two office condominium projects, seven retail strip centers, one convenience store, five industrial properties, and one self-storage facility.
Lavista Associates is currently responsible for the marketing of 54 REO properties representing eight financial institutions. The firm is currently engaged in the marketing, sales and management of 37 office condominium projects.
“Our REO work saw substantial growth in 2010 and we expect that trend to continue in 2011,” Davenport said.
Lavista Associates recently added three major REO clients---First Citizens Bank, BB&T, which awarded assignments to Lavista Associates in the fourth quarter of 2010, and Ameris Bank, which selected Lavista Associates in December.
* * *
For more information contact: Tom Davenport, President, Lavista Associates, Inc. 770-448-6400; tdavenport@lavista.com; Kimberly Steele, Director of Marketing & Administration, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Lavista Associates, Inc.: Serving Atlanta for over 38 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Ashton Woods Homes to Host Grand Opening to Showcase New Town Homes at Highland Park on Racetrack Rd. in Tampa
TAMPA, Fla. --- Ashton Woods Homes will host a grand opening Feb. 13 to showcase new model town homes at Highland Park, located off S. Mobley and Racetrack Rds. in the Westchase area of Tampa.
Michael Roche, vice president of sales and marketing for Ashton Woods Homes in the Tampa Bay region, said Ashton Woods Homes plans to build 33 three and four bedroom town homes at Highland Park that feature two-and-a-half baths, two-car garages and private courtyards, priced from $176,900.
Ashton Woods’ first model town home at Highland Park is ready for viewing now and will be featured at the Grand Opening event Sunday Feb. 13.
Ashton Woods Homes is a subsidiary of the Great Gulf Group of companies, a North American real estate conglomerate headquartered in Toronto, and currently has communities under development in Houston, Dallas, Atlanta, Raleigh, Phoenix, Tampa, Denver and Orlando.
* * *
For more information, contact: Michael Roche, VP Sales & Marketing Ashton Woods Homes Tampa-Orlando 407-647-3700; mroche@ashtonwoodshomes.com; John Reny, President Ashton Woods Homes Tampa-Orlando 407-647-3700; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
Michael Roche, vice president of sales and marketing for Ashton Woods Homes in the Tampa Bay region, said Ashton Woods Homes plans to build 33 three and four bedroom town homes at Highland Park that feature two-and-a-half baths, two-car garages and private courtyards, priced from $176,900.
Ashton Woods’ first model town home at Highland Park is ready for viewing now and will be featured at the Grand Opening event Sunday Feb. 13.
Ashton Woods Homes is a subsidiary of the Great Gulf Group of companies, a North American real estate conglomerate headquartered in Toronto, and currently has communities under development in Houston, Dallas, Atlanta, Raleigh, Phoenix, Tampa, Denver and Orlando.
* * *
For more information, contact: Michael Roche, VP Sales & Marketing Ashton Woods Homes Tampa-Orlando 407-647-3700; mroche@ashtonwoodshomes.com; John Reny, President Ashton Woods Homes Tampa-Orlando 407-647-3700; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
NAI Realvest Negotiates Two New Office Leases in Orlando and Lake Mary
MAITLAND, Fla. --- NAI Realvest recently negotiated two new lease agreements for office space in Orlando and Lake Mary. NAI Realvest Principal Tom R. Kelley II, CCIM negotiated both transactions.
In Lake Mary Kelley represented the landlord in a lease agreement for 1,275 square feet of
office space at 153 Parliament Loop in Regency Pointe. Jonathan Fitzgerald of KW Commercial represented the tenant, JD Insurance & Financial Group of Lake Mary.
Kelley brokered a lease transaction in Orlando for 750 square feet of office space at 2212 Hillcrest St. where Brian Adams Photographics is the new tenant and Whirly Properties, LLC is the landlord. * * *
For more information contact: Tom R. Kelley II, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com; Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com; Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142
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 325 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.
In Lake Mary Kelley represented the landlord in a lease agreement for 1,275 square feet of
office space at 153 Parliament Loop in Regency Pointe. Jonathan Fitzgerald of KW Commercial represented the tenant, JD Insurance & Financial Group of Lake Mary.
Kelley brokered a lease transaction in Orlando for 750 square feet of office space at 2212 Hillcrest St. where Brian Adams Photographics is the new tenant and Whirly Properties, LLC is the landlord. * * *
For more information contact: Tom R. Kelley II, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com; Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com; Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142
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 325 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.
Friday, December 17, 2010
Only Two penthouse Units Remain available for lease at Emerson Plaza II
ALTAMONTE SPRINGS - Only two penthouses remain available for lease at Emerson Plaza II, the luxury condominium building Emerson International opened nine months ago as the premier luxury apartment community at Uptown Altamonte in Altamonte Springs.
Eric Emerson, vice president and general manager of Emerson International, said the 3,400 square foot three-bedroom penthouse apartments lease for $4,000 per month.
Emerson International is offering a special lease incentive program through Jan. 15, Emerson said.
For more information, contact:
Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com
About Emerson International:
Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies in the U. K.
Eric Emerson, vice president and general manager of Emerson International, said the 3,400 square foot three-bedroom penthouse apartments lease for $4,000 per month.
Emerson International is offering a special lease incentive program through Jan. 15, Emerson said.
For more information, contact:
Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com
About Emerson International:
Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies in the U. K.
Tolaris Realty Group reports November sales best in three years
LAKE FOREST – Tolaris Realty Group, based at Lake Forest off SR 46, west of Sanford, reported that sales during this past November rank as the best month for the company in the last three years.
Richard Bavec, president of Tolaris Realty Group, said the realty group closed on sales of eight homes that totaled $2.5 million.
* * *
For more information, contact: Richard Bavec, President, Tolaris Realty Group, 407-402-9866; Larry Vershel or Beth Payan, LV Communications, 407-644-4142
Richard Bavec, president of Tolaris Realty Group, said the realty group closed on sales of eight homes that totaled $2.5 million.
* * *
For more information, contact: Richard Bavec, President, Tolaris Realty Group, 407-402-9866; Larry Vershel or Beth Payan, LV Communications, 407-644-4142
Tuesday, November 23, 2010
Hendricks & Partners and The Oakley Group Negotiate Sale of Large Birmingham Ala. Apartment portfolio for $32,100,000
ORLANDO - Hendricks & Partners, one of the nation’s largest multifamily advisory and research firms and The Oakley Group co-listed and negotiated the sale of the Highland Multi-Family Portfolio of apartment properties in Birmingham for $32,100,000.
Cole Whitaker, who heads the Southeast region for Hendricks & Partners in Orlando, said Abbey Residential, LLC of Birmingham acquired the portfolio, which includes 1,782 apartment units, and ranks among the largest unit sales in Birmingham history.
The portfolio includes three apartment communities, Highland Peak, with 585 apartments at 114 Aspen Circle in Homewood, Highland View with 644 units located at 700 Aspen Drive in Birmingham and Highland Bluff with 553 apartment units at 200 Robert Jemison Drive in Birmingham
“The Highland Multi-family Portfolio sale points to the strength of the Birmingham market,” Whitaker said. “Market response to this offering was exceptionally strong, and all of us are pleased that the properties were acquired by a Birmingham company,” he said.
“We are very appreciative of the support Hendricks & Partners and The Oakley Group provided in achieving the 30-day due diligence period and contract parameters to close this transaction in 60 days, said J. Frank Barefield, Jr., president of Abbey Residential, LLC. “That is a very difficult task for 1,782 distressed units,” he added.
“Abbey Residential was the perfect fit for this deal,” said David Oakley. “They did exactly what they said they would do throughout the entire process—there were no retrades and no extensions. That goes a long way in our industry and demonstrates the high standards of Abbey Residential,” Oakley explained.
Whitaker headed the Hendricks & Partners team that negotiated the sale along with associate partner Hal Warren of Orlando, and Associates John Clayton, Aaron Hargrove and Tim McKay who work out of Hendricks & Partners south central office. Hendricks & Partners and The Oakley Group represented the seller REDUS Alabama Commercial, LLC (Wells Fargo Bank, N.A.) of Atlanta, Charlotte and Los Angeles.
* * *
For more information, contact: Cole Whitaker, Managing Partner, Hendricks & Partners 407-256-9594; David Oakley, The Oakley Group, Inc. 205-918-0785; Hal Warren, Associate Partner, Hendricks & Partners 407- 256-9594; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
About Abbey Residential, LLC: Abbey Residential, LLC a privately held multifamily property owner headquartered in Birmingham, Ala., owns 8,000 units in Texas, Alabama, Georgia, Florida and South Carolina valued at over a half billion dollars. Abbey has been in business for over 26 years and is active in acquiring existing properties to be repositioned as well as the construction of new multifamily properties.
About Hendricks & Partners: Hendricks & Partners is the nation’s largest multifamily advisory and research firm. Since its inception, the firm has delivered the industry’s finest marketing and research platform by focusing exclusively on multifamily owners, multifamily properties, and the nation’s apartment markets. This focus allows the firm to create the most efficient apartments-only marketplace, as well as recruit expert advisors, research professionals and support staff to ensure that every innovation, from new marketing techniques to the collection of market data, achieves maximum value for apartment owners, investors, lenders and servicers.
About the Oakley Group:The Oakley Group, Inc. is a commercial real estate firm with a primary focus on multi-family brokerage and management services based in Birmingham, Alabama. With our unsurpassed local market knowledge and relationship network, The Oakley Group strives to provide quality service to both institutional and private investors. Our approach is simple; offer a realistic assessment of property value, provide quality management services to both residents and owners, and work through every detail with honesty and integrity. Because our primary focus is on multi-family we have the capability to deliver brokerage services seamlessly and efficiently by individualizing each client’s goals and objectives.
Cole Whitaker, who heads the Southeast region for Hendricks & Partners in Orlando, said Abbey Residential, LLC of Birmingham acquired the portfolio, which includes 1,782 apartment units, and ranks among the largest unit sales in Birmingham history.
The portfolio includes three apartment communities, Highland Peak, with 585 apartments at 114 Aspen Circle in Homewood, Highland View with 644 units located at 700 Aspen Drive in Birmingham and Highland Bluff with 553 apartment units at 200 Robert Jemison Drive in Birmingham
“The Highland Multi-family Portfolio sale points to the strength of the Birmingham market,” Whitaker said. “Market response to this offering was exceptionally strong, and all of us are pleased that the properties were acquired by a Birmingham company,” he said.
“We are very appreciative of the support Hendricks & Partners and The Oakley Group provided in achieving the 30-day due diligence period and contract parameters to close this transaction in 60 days, said J. Frank Barefield, Jr., president of Abbey Residential, LLC. “That is a very difficult task for 1,782 distressed units,” he added.
“Abbey Residential was the perfect fit for this deal,” said David Oakley. “They did exactly what they said they would do throughout the entire process—there were no retrades and no extensions. That goes a long way in our industry and demonstrates the high standards of Abbey Residential,” Oakley explained.
Whitaker headed the Hendricks & Partners team that negotiated the sale along with associate partner Hal Warren of Orlando, and Associates John Clayton, Aaron Hargrove and Tim McKay who work out of Hendricks & Partners south central office. Hendricks & Partners and The Oakley Group represented the seller REDUS Alabama Commercial, LLC (Wells Fargo Bank, N.A.) of Atlanta, Charlotte and Los Angeles.
* * *
For more information, contact: Cole Whitaker, Managing Partner, Hendricks & Partners 407-256-9594; David Oakley, The Oakley Group, Inc. 205-918-0785; Hal Warren, Associate Partner, Hendricks & Partners 407- 256-9594; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
About Abbey Residential, LLC: Abbey Residential, LLC a privately held multifamily property owner headquartered in Birmingham, Ala., owns 8,000 units in Texas, Alabama, Georgia, Florida and South Carolina valued at over a half billion dollars. Abbey has been in business for over 26 years and is active in acquiring existing properties to be repositioned as well as the construction of new multifamily properties.
About Hendricks & Partners: Hendricks & Partners is the nation’s largest multifamily advisory and research firm. Since its inception, the firm has delivered the industry’s finest marketing and research platform by focusing exclusively on multifamily owners, multifamily properties, and the nation’s apartment markets. This focus allows the firm to create the most efficient apartments-only marketplace, as well as recruit expert advisors, research professionals and support staff to ensure that every innovation, from new marketing techniques to the collection of market data, achieves maximum value for apartment owners, investors, lenders and servicers.
About the Oakley Group:The Oakley Group, Inc. is a commercial real estate firm with a primary focus on multi-family brokerage and management services based in Birmingham, Alabama. With our unsurpassed local market knowledge and relationship network, The Oakley Group strives to provide quality service to both institutional and private investors. Our approach is simple; offer a realistic assessment of property value, provide quality management services to both residents and owners, and work through every detail with honesty and integrity. Because our primary focus is on multi-family we have the capability to deliver brokerage services seamlessly and efficiently by individualizing each client’s goals and objectives.
Marketplace Advisors, Inc. Negotiates Lease at Shoppes at Aloma Walk for Y.Y. Gourmet Group, LLC, d/b/a Miyako Japanese Restaurant
ORLANDO - Marketplace Advisors, Inc. recently negotiated a new long-term lease agreement for 2,400 square feet of restaurant space at the Shoppes at Aloma Walk, a Publix-anchored retail center located on Aloma Ave. at S.R. 417 in Seminole County.
David Marks, president of Marketplace Advisors, Inc., negotiated the lease agreement representing the landlord, Aloma Walk Commercial Venture, LLC.
The new tenant is Y.Y. Gourmet Group, LLC, d/b/a Miyako Japanese Restaurant. GBA Realty, LLC associate Paul Kiang participated in the transaction representing the tenant.
* * *
For more information, contact: David Marks, Marketplace Advisors, Inc., 407-599-0007, dmarks@cfl.rr.com; Larry Vershel or Beth Payan, LV Communications, 407-644-4142
David Marks, president of Marketplace Advisors, Inc., negotiated the lease agreement representing the landlord, Aloma Walk Commercial Venture, LLC.
The new tenant is Y.Y. Gourmet Group, LLC, d/b/a Miyako Japanese Restaurant. GBA Realty, LLC associate Paul Kiang participated in the transaction representing the tenant.
* * *
For more information, contact: David Marks, Marketplace Advisors, Inc., 407-599-0007, dmarks@cfl.rr.com; Larry Vershel or Beth Payan, LV Communications, 407-644-4142
NAI Realvest Negotiates $300,980 Sale Price for 4-Acre Development Site in Poinciana Office & Industrial Park in Osceola County
MAITLAND – NAI Realvest completed the $300,980 sale of an industrial development site at Poinciana Office and Industrial Park on Poinciana Blvd. and U.S. Hwy.17-92 in Poinciana, Osceola County.
NAI Realvest Principals Robert Blackwell, SIOR and Michael Heidrich negotiated the transaction representing the seller Avatar Properties, Inc. of Coral Gables.
Williams Properties, an Orlando-based developer, bought the site designated as four acres of Tract N and plans to use the property for an office warehouse development.
* * *
For more information, contact: Robert Blackwell SIOR or Michael Heidrich, Principals at NAI Realvest, 407-875-9989; rblackwell@realvest.com, mheidrich@realvest.com; Patrick Mahoney, President NAI Realvest , 407-875-9989 pmahoney@realvest.com; Beth Payan, Larry Vershel Communications, Inc. 407-644-4142 lvershelco@aol.com
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 325 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 Principals Robert Blackwell, SIOR and Michael Heidrich negotiated the transaction representing the seller Avatar Properties, Inc. of Coral Gables.
Williams Properties, an Orlando-based developer, bought the site designated as four acres of Tract N and plans to use the property for an office warehouse development.
* * *
For more information, contact: Robert Blackwell SIOR or Michael Heidrich, Principals at NAI Realvest, 407-875-9989; rblackwell@realvest.com, mheidrich@realvest.com; Patrick Mahoney, President NAI Realvest , 407-875-9989 pmahoney@realvest.com; Beth Payan, Larry Vershel Communications, Inc. 407-644-4142 lvershelco@aol.com
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 325 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.
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