Berkadia Negotiates $21.3 Million Sale of Arbour Apartments in Orlando

ORLANDO, Fla. – Berkadia recently negotiated the $21.3 Million sale of the Arbour Apartments at 11000–11600 MacKay Boulevard, only one-half mile from the University of Central Florida in east Orlando. Berkadia’s Florida Partner, Cole Whitaker, led the team of Hal Warren, Berkadia’s Senior Vice President, and Robert Hold, Hold-Thyssen, Inc.’s President, in representing the seller, Arbour Apartments LLC. The buyer was BW Arbour Apartments LLC, based out of New York. The apartment complex was built in 1972 with one and two bedroom units totaling 292,000 rentable square feet in 36 buildings situated on 22.7 acres The transaction included two swimming pools, lighted tennis and basketball courts, fitness center, billiard room and two 24-hour laundry centers.

M/I Homes Acquires home sites at Lake Pointe on Lake ToHo in St. Cloud

ORLANDO, Fla. -- M/I Homes has acquired 12 home sites at Lake Pointe, the gated community that sits on Fells Cove on East Lake ToHo in St. Cloud. David Byrnes, area president of M/I Homes, said the homebuilder will start construction of three move-in ready homes at Lake Pointe in August, priced from $499,000. Byrnes said the three move-in ready homes will be ready for occupancy in January. Lake Pointe, located off Narcoossee Road, features security cameras at the entry, pristine ponds, natural preserve area, swimming pool, waterfront park with tennis court and a viewing dock.

Pulte Homes recently started Pre-selling New Single-Family Homes in Country Walk

WESLEY CHAPEL, Fla. --- Pulte Homes has started pre-selling in its newest single-family homes community, Country Walk, located off Meadow Pointe Blvd. south of S.R. 54 in Wesley Chapel. Sean Strickler, vice president of sales for the north Florida region, said Pulte plans to build 32 new three and four bedroom homes at Country Walk that will range in size from 1,827 square feet of living space to 2,443 square feet, priced from the low $200s with two-car garages. Strickler said three Life Tested® home designs are available at Country Walk with features that include flex rooms, lofts, game rooms and optional drop zones and lanais. Country Walk is within an A-rated school system including Wiregrass High School, Dr. John Long Middle School, and Double Branch Elementary School. The community features a 5,000 square foot community clubhouse, an Olympic-size swimming pool, tennis court, basketball court, covered children’s playground and fitness center. Country Walk is minutes from the Shops at Wiregrass and boasts easy access to I-75 and I-275. New Pulte homes at Country Walk will be available for presale at an offsite location, Stonebrier Waterbridge, located at 3202 Mapleridge Dr. in Lutz. For more information, email Vincent.kuntz@pulte.com or call 866- 230-3599.

Partyka Group at NAI Realvest negotiates $513,000 Sale of retail facility off Hwy 192 in Kissimmee

ORLANDO, Fla. – Paul P. Partyka and Juan Jimenez – the Partyka Group at NAI Realvest – recently negotiated the $513,000 sale price for a 10,500 square foot restaurant /retail facility at 4118 W. Vine St. off Hwy. 192 in Kissimmee. Partyka and Jimenez brokered the transaction representing the seller, Titusville, Fla-based SBI Leasing, Inc. The buyer Latin Ale House, LLC has strong retail experience in Central Florida, according to Partyka.

Ashton Woods Homes Names New Sales Associate

ORLANDO, Fla. – Ashton Woods Homes has appointed Ramune Cruz a sales associate. Michael Roche, vice president of sales and marketing for Ashton Woods Homes in the Orlando region said Cruz will work out of the homebuilder’s Laureate Park community on Narcoossee Road in the Lake Nona area. Cruz has more than 10 years of experience in real estate sales, Roche said.

NAI Realvest Negotiates Office Lease Agreements totaling More than 8,200 Rentable Square Feet in Longwood

ORLANDO, Fla. --- NAI Realvest recently negotiated new, renewal and expansion leases at professional office buildings in Longwood totaling 8,251 rentable square feet. Michael Heidrich, principal at NAI Realvest represented Landlord Red Booth Circle Holdings, LLC of Newport Beach, Calif., in a renewal and expansion lease agreement with Jon M. Hall Company, an excavating contractor, at Cambridge Square, 1920 Boothe Circle in the southeast quadrant of SR 434 and Interstate 4. The tenant renewed their lease of suite 220 with 4,080 square feet and expanded into suite 230 with 2,139 square feet for a total of 6,219 rentable square feet. At the same time, NAI Realvest principal Tom R. Kelley II, CCIM, represented local Landlord W.P. Management Inc. in a new lease agreement with U C Synergetic LLC, a national engineering, technical and consulting firm headquartered in Charlotte. The new tenant leased 2,032 rentable square feet of ground floor space at Oak Reserve II located at 661 W. Warren Ave. off W. S.R. 434 near South Seminole Hospital.

NAI Realvest Negotiates Sale of Former Midas Auto Service Building in Ormond Beach for $300,000

ORMOND BEACH, Fla. -- NAI Realvest recently negotiated the sale of the former Midas Auto Service Building at 60 N. Yonge St. in Ormond Beach for $300,000. The NAI Realvest Retail Team of Matt Cichocki and Mitch Heidrich brokered the transaction, representing the owner, Atlanta-based Midas Realty Corporation, a subsidiary of TBC Corporation. As the exclusive representative of TBC Corporation, the NAI Realvest Retail Team is marketing three other former Midas and Tire Kingdom locations in Central Florida. Lonnie and Sylvia Ritenour are the local buyers who plan to operate an auto service business at the 3,240 square foot facility that was built in 1990.

Partyka Group at NAI Realvest negotiates $500,000 Sale Price of Building on Semoran Blvd in Orlando for New Medical Office

ORLANDO, Fla., -- Paul P. Partyka and Juan Jimenez of the Partyka Group at NAI Realvest recently negotiated the $500,000 sale price for a 7,000 square foot free- standing office building at 601 S. Semoran Blvd. in Orlando Partyka and Jimenez, brokered the transaction representing the buyer, U-Max LLC, a Kissimmee-based real estate developer, and the local seller, Spencer General, Inc. The property will be the site of a new medical office. The sale includes the two-story Class B office building built in 1977 and its 29,700 square foot site which is near the intersection of Danube Way just south of the (408) East-West Expressway.

Cuhaci & Peterson Architects completes design of two Price Choppers in NY State

Blue Bell, Pa. – Cuhaci & Peterson Architects Engineers Planners, with offices in the Philadelphia area, recently completed design of two Price Chopper grocery stores in Little Falls and Watervliet, both in New York State. Lonnie Peterson, chairman at Cuhaci & Peterson Architects, said the Price Choppers in Little Falls and Watervliet, N.Y. are 30,000 and 40,000 square feet respectively, and construction was recently completed. Cuhaci & Peterson Architects, headquartered in Orlando, is one of the nation’s leading designers of retail space with projects that total more than two million square feet annually.

SightPlan Named NAA Innovation Tank Grand Prize Winner

ORLANDO, Fla. — SightPlan, which is modernizing multifamily resident service and asset management, was named winner of the National Apartment Association Innovation Tank at the organization’s largest annual event. Joseph Westlake represented the company as one of three finalists who pitched their business ideas to ABC hit TV show “Shark Tank” veterans Barbara Corcoran and Kevin Harrington. Westlake presented SightWorks, the premier offering of the SightPlan family of products that enables property managers to organize a single site or an entire portfolio. SightWorks automates operational details helping owners and operators focus on the big picture of building great communities and improving asset value. “It was an incredible thrill to share the stage with Barbara and Kevin and get the instant feedback from the audience. Seeing their enthusiasm for SightWorks is the best reward for what has been a year of dedicated development by our team,” said Westlake. SightPlan has a unique approach to managing work orders, solving resident issues and enhancing asset value. The company’s premier product SightWorks combines collections of tasks, places and people in powerful ways to handle resident issues, work orders, preventive maintenance and make ready tasks, according to Westlake. SightPlan is a member of the University of Central Florida Business Incubation Program.