ORLANDO – Tyler Wilkins of Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated a long-term lease at Cornerstone at Lake Mary and brought the 63,924 square foot shopping center to 100 percent occupancy.
Wilkins represented the Orlando-based landlord Cornerstone at Lake Mary, LTD in the transaction.
Florida Autism Center is the new tenant who leased the 3,324 square foot outparcel building at the center located off of H.E. Thomas Parkway on Rinehart Road in Lake Mary.
Tallahassee-based Florida Autism Center serves children with a variety of development disabilities and currently has five locations throughout central and north Florida.
Other major tenants at the Publix-anchored shopping center include Leslie’s Pools, Jersey Mikes and Giovanni’s Italian Restaurant & Pizzeria.
Crossman & Company Associate, Tyler Wilkins states, “Considering the strength of the market and the quality of Cornerstone at Lake Mary, it is no surprise that we reached 100% occupancy in such a short period of time.”
Friday, November 6, 2015
Berkadia Negotiates $21,350,000 Sale of Enclave at Northwood Apartments in Clearwater
CLEARWATER, Fla. – Berkadia, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the $21,350,000 sale of Enclave at Northwood, a 188-unit apartment community at 2690-2692 Enterprise Road East in Clearwater.
Jason Stanton, Senior Director in the Tampa office of Berkadia negotiated the sale along with Managing Director Cole Whitaker and Senior Director Hal Warren in the firm’s Orlando office.
Berkadia represented the seller, an affiliate of Washington, D.C.-based StoneBridge Investments.
The one, two and three-bedroom townhome and villa apartments were built in two phases in 1984 and 1985. Enclave at Northwood units average 1,076 square feet.
Since 2010 the community has undergone more than $1 million in capital improvements. Exterior amenities include a 24-hour fitness center, two lighted tennis courts, two swimming pools and a clubhouse.
Jason Stanton, Senior Director in the Tampa office of Berkadia negotiated the sale along with Managing Director Cole Whitaker and Senior Director Hal Warren in the firm’s Orlando office.
Berkadia represented the seller, an affiliate of Washington, D.C.-based StoneBridge Investments.
The one, two and three-bedroom townhome and villa apartments were built in two phases in 1984 and 1985. Enclave at Northwood units average 1,076 square feet.
Since 2010 the community has undergone more than $1 million in capital improvements. Exterior amenities include a 24-hour fitness center, two lighted tennis courts, two swimming pools and a clubhouse.
NAI Realvest negotiates investment sale of former Holiday House Restaurant property on N. Woodland Blvd. in DeLand
DeLand, Fla. --- NAI Realvest, based in Orlando, recently negotiated the sale of the retail / restaurant property formerly known as Holiday House at 1206 N. Woodland Blvd. in DeLand for $460,000.
The NAI Realvest team of Jeffrey Tanner and Kimberly Manson negotiated the sale and purchase on behalf of the Dallas-based buyer, EYM Realty of Florida LLC.
The local seller, Willa Louise Cook, Trustee, was represented by Bill Mancinik of Total Realty Corp.
The property is located at the NW corner of N. Woodland Blvd. (Highway 17-92) and Mandarin Avenue. The site consists of 53,695 square feet of commercial land and is improved with a 4,730 square foot restaurant building. Over the next few months, the property shall be converted into a full service Denny’s restaurant.
The NAI Realvest team of Jeffrey Tanner and Kimberly Manson negotiated the sale and purchase on behalf of the Dallas-based buyer, EYM Realty of Florida LLC.
The local seller, Willa Louise Cook, Trustee, was represented by Bill Mancinik of Total Realty Corp.
The property is located at the NW corner of N. Woodland Blvd. (Highway 17-92) and Mandarin Avenue. The site consists of 53,695 square feet of commercial land and is improved with a 4,730 square foot restaurant building. Over the next few months, the property shall be converted into a full service Denny’s restaurant.
Wednesday, October 28, 2015
BLURTBOX TO EXPO AT WEB SUMMIT IN DUBLIN, IRELAND
Orlando, Fla., – BlurtBox, the industry’s simplest customer feedback app, will exhibit at Web Summit in Dublin, Ireland Nov. 3-5. Web Summit is the world’s premiere annual technology conference. It is expected to attract 30,000 attendees from more than 110 countries.
“Exhibiting will be momentous,” said Julien Meyer, founder and CEO of BlurtBox. “The unyielding demand for BlurtBox in Orlando – the country’s hospitality epicenter – has surpassed even my expectations. More than 10,000 people have downloaded the BlurtBox app in the past two months. More than 200 local businesses sign up every week. It is indicative of the need for this user-friendly direct customer feedback tool on a global level.”
Web Summit is the same conference where many ubiquitous startups, like Uber and Airbnb, got their starts. “BlurtBox is poised for rapid growth,” adds Meyer. “I’m looking forward to demonstrating the full potential of this technology with the international community.”
BlurtBox is one of many successful businesses to evolve from the University of Central Florida’s Business Incubator. Graduates of the program include Inc. 5000 companies. The highly selective program rarely accepts undergraduate students, but made an exception for 23-year-old Meyer.
“Julien is an exceptional young entrepreneur with a level of maturity that reflects his natural entrepreneurial instincts,” notes Carol Ann Dykes, Site Manager of the UCF Business Incubator at Central Florida Research Park. “I foresee BlurtBox taking off quickly in the food service industry, and then in other sectors, like lodging and retail. Anywhere people go for services, BlurtBox is valuable.”
As his company grows, Meyer aims to reinvest in the Orlando entrepreneurial community. In addition to backing scholarships, Meyer sits on the Rosen College Hospitality Management Industry Advisory Board and is partnering with the school to launch an inaugural venture pitch competition this spring.
Blurtbox is a client of the University of Central Florida’s Business Incubation Program at the Central Florida Research Park in East Orange County.
“Exhibiting will be momentous,” said Julien Meyer, founder and CEO of BlurtBox. “The unyielding demand for BlurtBox in Orlando – the country’s hospitality epicenter – has surpassed even my expectations. More than 10,000 people have downloaded the BlurtBox app in the past two months. More than 200 local businesses sign up every week. It is indicative of the need for this user-friendly direct customer feedback tool on a global level.”
Web Summit is the same conference where many ubiquitous startups, like Uber and Airbnb, got their starts. “BlurtBox is poised for rapid growth,” adds Meyer. “I’m looking forward to demonstrating the full potential of this technology with the international community.”
BlurtBox is one of many successful businesses to evolve from the University of Central Florida’s Business Incubator. Graduates of the program include Inc. 5000 companies. The highly selective program rarely accepts undergraduate students, but made an exception for 23-year-old Meyer.
“Julien is an exceptional young entrepreneur with a level of maturity that reflects his natural entrepreneurial instincts,” notes Carol Ann Dykes, Site Manager of the UCF Business Incubator at Central Florida Research Park. “I foresee BlurtBox taking off quickly in the food service industry, and then in other sectors, like lodging and retail. Anywhere people go for services, BlurtBox is valuable.”
As his company grows, Meyer aims to reinvest in the Orlando entrepreneurial community. In addition to backing scholarships, Meyer sits on the Rosen College Hospitality Management Industry Advisory Board and is partnering with the school to launch an inaugural venture pitch competition this spring.
Blurtbox is a client of the University of Central Florida’s Business Incubation Program at the Central Florida Research Park in East Orange County.
Emerson International closes on Leases totaling over 7,300 rentable square feet at its Office Developments in South Seminole, Maitland and Winter Park
Altamonte Springs, Fla. -- Emerson International recently closed six long-term leases for office space totaling some 7,340 rentable square feet at its office developments in Longwood, Altamonte Springs, Maitland and Winter Park.
Leasing Associate Zac Starkey represented the landlord Emerson in all six lease agreements with the following tenants at the following locations --
At Emerson’s Sanlando Center II building, 2180 W. State Road 434 in Longwood, the law firm of Aaronson, Austin, PA expanded into 2,093 square feet, and éClat Law who specializes in startup and operation of businesses, has leased 1,733 square feet;
General contractors High Mark Construction expanded into Suite 1166 with 794 square feet in the CenterPointe Office Park at 370 CenterPointe Circle, Altamonte Springs;
Trillium Drivers, a truck drivers staffing company relocated into 1,737 square feet at the 2600 Maitland Center Blvd. building; and
In Winter Park, Starkey negotiated two leases at Emerson’s Louisiana Office Park located at 1177 Louisiana Ave. Banda Design, an interior design firm, leased 508 square feet and Winter Park College Consultants, a counseling service for students and families on navigating the college application and decision process, leased 475 square feet.
Leasing Associate Zac Starkey represented the landlord Emerson in all six lease agreements with the following tenants at the following locations --
At Emerson’s Sanlando Center II building, 2180 W. State Road 434 in Longwood, the law firm of Aaronson, Austin, PA expanded into 2,093 square feet, and éClat Law who specializes in startup and operation of businesses, has leased 1,733 square feet;
General contractors High Mark Construction expanded into Suite 1166 with 794 square feet in the CenterPointe Office Park at 370 CenterPointe Circle, Altamonte Springs;
Trillium Drivers, a truck drivers staffing company relocated into 1,737 square feet at the 2600 Maitland Center Blvd. building; and
In Winter Park, Starkey negotiated two leases at Emerson’s Louisiana Office Park located at 1177 Louisiana Ave. Banda Design, an interior design firm, leased 508 square feet and Winter Park College Consultants, a counseling service for students and families on navigating the college application and decision process, leased 475 square feet.
Tuesday, October 27, 2015
U.S. Army Contract Opens Big Door for RSS Logistics
ORLANDO, Fla. --- Orlando-based RSS Logistics is a key member of the team lead by Advanced IT Concepts (AITC) recently awarded a six-year, $45 million U.S. Army contract..
“AITC, Inc., chose RSS Logistics to play an important role developing and providing advanced training systems that will help ensure troop readiness at all times,” Jeanette Coronado, CEO explained.
The contract, awarded by the U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) ARCTIC---Army Combat Training Instrumentation Contract---program, is a firm-fixed-price agreement that authorizes the PEO STRI’s PM TRADE division, responsible for collective instrumented live and non-live training systems, to acquire equipment and services quickly and efficiently.
Coronado said RSS will provide expertise in developing technical documents, program support, and logistics to support the delivery and use of training equipment and services. RSS will hire additional staff with technical publications expertise to support the work, Coronado said.
“Our experienced team of defense acquisition professionals with more than 25 years of experience in the defense industry makes RSS Logistics an excellent choice to ensure that the best equipment and services are delivered when needed at the lowest possible total ownership costs (TOC),” Coronado added.
Since its founding in 2011, RSS Logistics – a client company at the UCF Business Incubator in East Orange County in the Central Florida Research Park – has grown at a rate of more than 50 percent per year.
“AITC, Inc., chose RSS Logistics to play an important role developing and providing advanced training systems that will help ensure troop readiness at all times,” Jeanette Coronado, CEO explained.
The contract, awarded by the U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) ARCTIC---Army Combat Training Instrumentation Contract---program, is a firm-fixed-price agreement that authorizes the PEO STRI’s PM TRADE division, responsible for collective instrumented live and non-live training systems, to acquire equipment and services quickly and efficiently.
Coronado said RSS will provide expertise in developing technical documents, program support, and logistics to support the delivery and use of training equipment and services. RSS will hire additional staff with technical publications expertise to support the work, Coronado said.
“Our experienced team of defense acquisition professionals with more than 25 years of experience in the defense industry makes RSS Logistics an excellent choice to ensure that the best equipment and services are delivered when needed at the lowest possible total ownership costs (TOC),” Coronado added.
Since its founding in 2011, RSS Logistics – a client company at the UCF Business Incubator in East Orange County in the Central Florida Research Park – has grown at a rate of more than 50 percent per year.
Hold-Thyssen Negotiates Long Term Lease with Rheumatologists Regal Oaks Plaza West in Weeki Wachee
TAMPA, Fla. --- Carol L. Kinnard, transaction specialist at Hold-Thyssen, LLC, a commercial real estate services firm with offices in Tampa, recently negotiated a long-term lease for medical offices in Weeki Wachee in Hernando County.
Dr. Farrukh Zaidi and Dr. Mohammed Mughni leased 1,802 square feet of medical office space at Regal Oaks Plaza West, 6475 Oregon Jay Rd. joining other medical service providers at the development.
Regal Oaks Development Group, Inc. is the landlord.
Drs. Zaidi and Mughni, long-standing clients of Kinnard who represented them in the transaction, said their new suite provides greater patient space and parking than the facilities they outgrew on the Oak Hill Hospital campus. Their rheumatology practice has multiple locations in the Tampa Bay area.
Hold-Thyssen provides commercial property and leasing and management services to institutional and private investor clients nationwide. The 40-year old firm’s current portfolio includes more than100 commercial properties throughout the United States.
Dr. Farrukh Zaidi and Dr. Mohammed Mughni leased 1,802 square feet of medical office space at Regal Oaks Plaza West, 6475 Oregon Jay Rd. joining other medical service providers at the development.
Regal Oaks Development Group, Inc. is the landlord.
Drs. Zaidi and Mughni, long-standing clients of Kinnard who represented them in the transaction, said their new suite provides greater patient space and parking than the facilities they outgrew on the Oak Hill Hospital campus. Their rheumatology practice has multiple locations in the Tampa Bay area.
Hold-Thyssen provides commercial property and leasing and management services to institutional and private investor clients nationwide. The 40-year old firm’s current portfolio includes more than100 commercial properties throughout the United States.
NAI Realvest Closes New Long Term Lease Agreement for 13,777 Square Foot Medical Professional office in Sebring
ORLANDO, Fla. -- NAI Realvest recently negotiated a long-term lease for 13,777 rentable square feet of medical professional office space at 5825 Frontage Rd. off Highway 27 N. in Sebring.
Chris Adams, associate at NAI Realvest, brokered the transaction representing the landlord, Triple A Properties, Inc. of Winter Haven.
The local tenant is Bassetti & Associates, MD PA a medical practice that has been serving Highlands County since 1985.
Chris Adams, associate at NAI Realvest, brokered the transaction representing the landlord, Triple A Properties, Inc. of Winter Haven.
The local tenant is Bassetti & Associates, MD PA a medical practice that has been serving Highlands County since 1985.
Ryland Homes adds new one story floor plan to the choices at Carolina Park in Mt. Pleasant
Charleston, S.C. -- Ryland Homes has added a new one-story floor plan with three bedrooms and three full baths at its community of Carolina Park located on Carolina Park Blvd. north of Highway 17 in Mt. Pleasant.
Gayle Jinks, vice president of sales and marketing for Ryland Homes in the Charleston region, said the Seneca floor plan with 2,160 square feet of living area features a formal dining room and a den with study option, and is priced from $425,000.
The master suite is tucked away in the back of the home and features a walk-in closet, dual sinks and raised vanity. Secondary bedrooms are towards the front of the home, Jinks said, and one features a private full bath. The home also includes an attached two car garage. A second floor bonus room or fourth bedroom are available options with the Seneca.
Carolina Park which is adjacent to protected wetlands and many of the home sites have pond views. Amenities in the community include a junior Olympic size swimming pool, tennis courts, nautical playground and walking and biking trails.
New Ryland homes at Carolina Park range from 2,072 square feet of living area to 2,964 square feet priced from the low $400s.
Two decorated models are available for viewing, Jinks added.
Gayle Jinks, vice president of sales and marketing for Ryland Homes in the Charleston region, said the Seneca floor plan with 2,160 square feet of living area features a formal dining room and a den with study option, and is priced from $425,000.
The master suite is tucked away in the back of the home and features a walk-in closet, dual sinks and raised vanity. Secondary bedrooms are towards the front of the home, Jinks said, and one features a private full bath. The home also includes an attached two car garage. A second floor bonus room or fourth bedroom are available options with the Seneca.
Carolina Park which is adjacent to protected wetlands and many of the home sites have pond views. Amenities in the community include a junior Olympic size swimming pool, tennis courts, nautical playground and walking and biking trails.
New Ryland homes at Carolina Park range from 2,072 square feet of living area to 2,964 square feet priced from the low $400s.
Two decorated models are available for viewing, Jinks added.
Berkadia Brokers Sales of Two Brevard County Apartment Communities Totaling 250 Units for $18 Million.
Orlando / Melbourne / Palm Bay, Fla. --- Berkadia Real Estate Advisors recently brokered the sales of two Brevard County apartment communities comprised of 250 units – Park Village in Melbourne and Malabar Lakes in Palm Bay – for a total of $18,000,000.
Cole Whitaker, Managing Director for Berkadia, negotiated the sales along with Senior Directors Hal Warren and Jason Stanton, representing Deancurt Melbourne LLC, the seller of both properties.
Buyer White Eagle Property Group LLC purchased Park Village, which consists of 138 one- and two-bedroom units, for $10,055,000, an average price per unit of $72,862. Park Village, located at 3099 Park Village Way in Melbourne was built in 1986.
White Eagle paid $7,945,000, or an average of $70,938 per unit, for Malabar Lakes apartments at 1018 Malabar Lakes Drive in Palm Bay. The 112 one- and two-bedroom apartments were built in 1988.
About Berkadia:
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.
Cole Whitaker, Managing Director for Berkadia, negotiated the sales along with Senior Directors Hal Warren and Jason Stanton, representing Deancurt Melbourne LLC, the seller of both properties.
Buyer White Eagle Property Group LLC purchased Park Village, which consists of 138 one- and two-bedroom units, for $10,055,000, an average price per unit of $72,862. Park Village, located at 3099 Park Village Way in Melbourne was built in 1986.
White Eagle paid $7,945,000, or an average of $70,938 per unit, for Malabar Lakes apartments at 1018 Malabar Lakes Drive in Palm Bay. The 112 one- and two-bedroom apartments were built in 1988.
About Berkadia:
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.
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