Party & Gift Outlet Expanding in 5th Location at Vineland Pointe in Attractions Area

ORLANDO --- NAI Realvest closed on a new lease representing Party & Gift Outlet, Inc. for an 8,023 square foot store opening in the spring of 2019 at Vineland Pointe, the new retail center fronting I-4 off of Daryl Carter Blvd. in the attractions area of South Orlando. 

Paul P. Partyka, CCIM, MICP, partner at NAI Realvest who negotiated the multi-year agreement on behalf of the tenant said the retailer, now with five locations in Central Florida, is expanding retail operations at this location.     

The Palm Beach-based landlord Vineland Pointe Owner LLC was represented in the transaction by Kate Gilbert of O’Connor Property Management, LLC.   Party & Gift Outlet which specializes in licensed Disney products will join several national tenants including Lucky Supermarket, Burlington, Five Below and Ross Dress For Less, in the Vineland Pointe retail shopping center at 12005 Regency Village Drive.   

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About NAI Realvest:  

NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe.  Since 1978, clients have built businesses on the power of NAI Global’s expanding network.  Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.  

Global Network Provider, Medical Device Startup, Mathnasium and Nurse on Call Expand into East Orlando

ORLANDO, Fla. –NAI Realvest recently negotiated four new leases totaling 9,890 rentable square feet at two professional office buildings in East Orlando.

Mary Frances West, CCIM, Vice President represented the landlord Citadel Partners, LTD in a long term lease agreement with Expereo USA, Inc.  The growing Virginia-based firm relocated from an executive suite facility into a 4,690 square foot suite in The Citadel International III, 5950 Hazeltine National Drive.   Jim Light of Keller Williams Advantage III Realty represented the tenant, a global provider of managed cloud and internet networks. Tenant’s parent company is based in Amsterdam.

 

At University Court, 3361 Rouse Rd., West brokered the lease of 1,408 square feet  representing landlord Interchange-FL Rouse, LLC of Daytona Beach.  Tenant GRD Biomechanics, LLC is a startup company that uses a 3D printer to make full-range knee braces that have no mobility limitations. 

Two more leases at University Court that West completed include 2,670 square feet to Khalil Ventures Managements LLC d/b/a Mathnasium, an award-winning franchisee that provides math learning for K-12 students; and Brentwood, Tenn.-based Nurse on Call, Inc., represented by Realvest Associate Chris Adams, leased 1,122 square feet.  Nurse on Call, which is owned by Brookdale Senior Living, has 20 locations in Florida providing RN, LPN and physical therapist in-home care.

Nurse on Call and Mathnasium provide teams of employees with above average paying jobs at their new University Court locations.  Sam Gaslin of 4Acre Commercial Real Estate represented Mathnasium.      

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Hold-Thyssen Closes $1.15 Million Retail Investment Sale of Historic Intercoastal Storefront in Melbourne

Melbourne, Fla.  --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently overcame several obstacles and multiple delays to close on the $1,150,000 sale of an historic intercoastal storefront building at 559-569 W. Eau Gallie Blvd. in Melbourne.   

  

Saxon Evans, director of investment sales at Hold-Thyssen, who brokered the sale on behalf of Seller Highland Investment LLLP, said the art district property comprised of six suites including the owner’s office is fully leased to artsy tenants.  Numerous improvements have been made to the 7,550 square foot retail building located a couple of blocks from the causeway over the intercoastal waterway.    

Buyer Delray Beach-based Kahilt Corp. also owns over 15 other properties in Florida and plans to continue leasing this property to current and future tenants. The 0.2 acre site offers street parking on both Eau Gallie Blvd. and Highland Ave., a high profile, signalized corner.

“The deal took about two years from listing to closing,” Evans explained. “Due to the seller’s long ownership, challenging issues were worked through especially missing documentation that was located, verified and reissued up until the last minute before closing. We couldn’t have done it without the help of good sellers and an understanding buyer.”    

Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more that 100 commercial properties throughout the United States.

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EcoSystem Renewal LLC and CSRS Selected for Louisiana Coastal Restoration Bids

BATON ROUGE, LA. – The Coastal Protection and Restoration Authority (CPRA) of the state of Louisiana has selected six companies to bid on environmental restoration projects in the Barataria Basin, and one of the six, CSRS-ECO Coastal, LLC, is a venture formed by CSRS and EcoSystem Renewal LLC ,  the Member Manager of the company.

The Barataria Basin is a critical and endangered stretch of cypress/tupelo swamp, chenier ridges, fresh marsh and a mixture of fresh and saltwater marsh located south and west of New Orleans. The sprawling basin suffers from a lack of fresh water, erosion and a range of ecosystem problems associated with development through the years.

EcoSystem Renewal LLC., based in Baton Rouge, is a leading pioneer in wetlands restoration work and is the managing member of CSRS-Eco Coastal LLC. CSRS, headquartered in Baton Rouge with offices across the gulf region, specializes in environmental resiliency planning and program management. The firm, CSRS-Eco Coastal LLC, was among six companies approved by the Louisiana CPRA this month (October) to submit proposals for restoration work in the Basin, which spans for more than 500,000 acres.

 

CPRA is the sole state entity with authority and funding to develop, implement and enforce a comprehensive plan to protect and secure Louisiana’s coast for future generations. The state of Louisiana has budgeted $5 billion for CPRA projects.

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NAI Realvest Closes Two Boutique Office Building Sales Totaling $770,000 in Downtown Orlando’s North Quarter Urban District

ORLANDO, Fla. – NAI Realvest closed on two separate sales of adjacent properties totaling $770,000.  The buildings are located in the North Quarter district of downtown Orlando and both will be used for law offices.  

  

The NAI Realvest team of Jeff Tanner and Kim Manson represented Seller, Orlando-based Jcash-3 Inc., a real estate holding company, in a $450,000 sale of the 1,635 square foot stand-alone office building at 827 Irma Ave.  The Buyer, US Immigration Law Group, LLC, d/b/a Rineer Law with over a decade of immigration law experience, was represented in the transaction by Jonathan Hughes and Michael Danforth of Cresa Orlando.

Next door, Tanner and Manson represented the Beech Mountain, N.C.-based seller 831 Irma Avenue, LLC, and the buyer Law Office of Michael J. MacDonald P.A., operating as MacDonald Law at the 1,272 square foot freestanding office building purchased for $320,000.

Both law practices were previously leasing space in downtown Orlando.  As lease rates in the downtown office sector continue to rise, NAI Realvest has been seeing an increase in the need for office building sales inventory, particularly in the up and coming North Quarter.  The area offers walkability to SunRail, an array of top-notch restaurants, new contemporary townhomes, arts and culture.           

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About NAI Realvest

NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe.  Since 1978, clients have built businesses on the power of NAI Global’s expanding network.  Extensive services include multi-site acquisitions and

NAI Realvest Closes on Investment Sale in Polk County – Buyer Plans to Develop a New Dollar General

Winter Haven, Fla. - NAI Realvest recently negotiated a $450,000 sale price for a 1.58-acre parcel of vacant land at 418 – 18^th St. S.E. in Winter Haven, where the buyer is planning to develop a Dollar General store.      

NAI Realvest Associate Chris Adams negotiated the sale on behalf of Seller John P. Adams & Ann D. Adams Family LP of Winter Haven.   The Buyer Palmetto Winter-Haven-Dundee Rd LLC of Thomasville, Ga. was represented in the transaction by Oak Realty Advisors.   Seller will be exercising a 1031 tax free exchange.

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About NAI Realvest

NAI Realvest, 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 400 offices spanning the globe.  Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.   

Resort Amenity Center Now Complete at Hammock Preserve on Palmer Ranch, Grand Opening Event Nov. 3

Newly completed clubhouse at
Hammock Preserve on Palmer Ranch.

SARASOTA, Fla. --- The new amenity center at DiVosta’s Hammock Preserve on Palmer Ranch is complete and a Grand Opening Event will be hosted Saturday, Nov. 3 from 1 to 3 p.m. at 12255 Hidden Hammock Court off Honore Avenue in Sarasota.  

 

Richard McCormick, president of DiVosta in Southwest Florida, said the public is invited and festivities will include music, light refreshments and giveaways, along with tours of the community’s new resort-style amenities.  Visitors are also invited to explore the four professionally decorated model homes at Hammock Preserve.

The $3.5 million amenity center was designed with input from residents, the same way the homebuilder created the variety of innovative new home designs offered in the product line – with ideas from consumer feedback.

“Hammock Preserve embodies casual, resort-style living at its best, with amenities homeowners want and truly appreciate, all at a great value,” said McCormick.  “Residents will enjoy the exceptional pool and spa, outdoor bar, and a fire pit sitting area for quiet evenings with friends and neighbors.”

 

New Resort style pool at Hammock
Preserve on Palmer Ranch

Hammock Preserve homeowners will relish the fun and convenient dog park, and playing on the 2 new tennis, 2 bocce ball and 2 pickleball courts.  The 8,900 square foot clubhouse includes a state-of-the-art fitness center, large community room with catering kitchen for residents’ private parties, and grand outdoor verandah overlooking the pool.

“We’re excited to unveil the resort-style amenity center within Hammock Preserve, a place where residents will enjoy relaxing activities and camaraderie without leaving the neighborhood,” McCormick said.

The gated, natural gas community’s key location near I-75 and US-41 provides easy access to even more outdoor activity choices like golfing, boating and beachcombing at Siesta Key, plus the entertainment, fine dining and renowned attractions in downtown Sarasota. 

The 388 homes ultimately planned for Hammock Preserve include attached villas and single-family home designs with two to five bedrooms, two to four-and-a-half bathrooms and two to three-car garages, priced starting from the low $300s.  

For more information visit  www.divosta.com/hammockpreserve.

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About DiVosta Homes

DiVosta Homes is a brand of PulteGroup, Inc. (NYSE: PHM). DiVosta Homes builds consumer inspired homes and communities that provide casual, resort-style living for those wanting a winter retreat or a home year round in its home state of Florida. In addition to providing the sunny Florida lifestyle, DiVosta Homes has stood for renowned quality for over 50 years. For more information on DiVosta, visit www.divosta.com 

NAI Realvest Closes on Sale of Residential Land for Deer Run Estates in St. Cloud

Saint Cloud, Fla. – NAI Realvest, an Orlando-based real estate industry leader with a global footprint, has closed on the $1,050,000 sale of 31 acres of residential land at 4140 Hickory Tree Rd. in Saint Cloud. 

Veronica Malolos Broker at NAI Realvest negotiated the sale on behalf of the sellers, Mony Nhim, Steven Nhim, Dara Chay, and Sokhim La of Buena Park, Calif.      

Prominent Windermere developer Frank Cawthon, d/b/a FHC2, LLC is the buyer who owns the adjacent land with a master plan that combines both properties for a 55-acre community with 165 lots for single-family homes.   

Malolos said Deer Run Estates is the buyer’s 10^th project in the Narcoossee corridor and with the new development Deer Run Road is slated to become a major east-west connector between Canoe Creek and Narcoossee Roads.

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About NAI Realvest

NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe.  Since 1978, clients have built businesses on the power of NAI Global’s expanding network.  Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.  

New Ice Cream Shop Concept to Open in Southwest Volusia – Long Term Lease Closed at Enterprise Plaza by Hold-Thyssen

ORANGE CITY, Fla. --- Hold-Thyssen, Inc., a full-service commercial property firm based in Winter Park, recently negotiated a new five-year lease with Vi Kim Tran and Le Truon Canh, a husband and wife team opening a Funrolls Ice Cream at Enterprise Plaza, 2499 Enterprise Rd. in Orange City.

Hold-Thyssen Lease Consultant Darby Hold, who negotiated the lease on behalf of the landlord, said Funrolls is the latest craze in both ice cream and entertainment.  The flagship location is in Liberty, Mo. with several other locations in the Midwest.

The ice cream shop will open in 2-3 months, once tenant improvements are complete in the 1,360 square foot suite at the retail plaza owned by Florida Premier-Enterprise, LLC, based in Fraser, Mich.

The Funrolls Ice Cream experience involves rolling ice cream on an ice-cold metal surface then adding healthy toppings.  Frozen yogurt and vegan options are available.

Hold also recently negotiated leases at Enterprise Plaza with Tuan Vinh Truong d/b/a Lena Nails who renewed their lease of 1,224 square feet for another five years and with Southern Specialty Finance Inc., d/b/a Check ‘n Go who renewed their lease of 1,360 square feet for another two years.

Other major tenants at the Enterprise Plaza include Sherwin Williams, Firehouse Subs and Arby’s.  

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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DIX Developments Closes $5 Million Sale of 53-Acre Halifax Town Center I-95 Interchange Property in Ormond Beach

Ormond Beach, Fla. --- Stirling International Real Estate recently arranged the $5 Million sale of Halifax Town Center in Ormond Beach, Fla.   Dixie 95 OBD, LLC a company related to O2G Capital of Ontario, Canada, purchased the 53-acre mixed use development from Lake Mary Based DIX Developments, LLC who was represented in the sale by Stirling’s John Kurtz. 

The mixed-use development located along a high-impact growth corridor between Daytona Beach and Halifax Plantation, was aggressively marketed by Kurtz and the Stirling team on behalf of James Dicks, CEO of the selling entity.  The sale took only 120 days from contract to closing, according to Kurtz.

“We felt that the property’s location at an underserved I-95 interchange just a few minutes to the Atlantic Ocean and intercoastal waterway, played a major role in moving the property,” Dicks said. “The is tremendous opportunity both to leverage retail demand fueled by new residential development in the area and create a unique village focused on providing second homes for the new ownership,” said Dicks.

The site which is situated at the southeast quadrant of Interstate 95 and Old Dixie Highway has an approved plat, is ready to finish the topping of the road and recording of the plat.  It has storm water retention and utilities, and the buying group is looking to make changes to the current plan which will require County approval.    

Halifax Town Center is part of the golf course community Halifax Plantation’s planned development (PD) in Volusia County with an Ormond Beach address, which has gone through a major transition in ownership in the past few years.  Kurtz has been working with the previous owner/developer of the entire community Halifax Plantation, Inc. since 2016 in the disposition of the remaining properties.

Kurtz brokered the sale of the remaining 230+/- acres of residential property to Vanacore Homes in a two-part sale spanning 2017 and 2018, and the sale of the 53 acre Town Center site to DIX Developments LLC in early 2018. Kurtz, in conjunction with Marcus and Millichap, orchestrated the sale of the 18-hole golf course and clubhouse in 2017. Halifax Plantation is just minutes from the Atlantic Ocean and intercoastal waterway in Ormond Beach”.

The total construction value of the 53 Acre Town Center is estimated at more than $75 million.  

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About DIX Developments, LLC

DIX Developments, LLC is a full service real estate company committed to providing quality developments throughout Central Florida. The dedicated team of industry professionals works to create properties that are well positioned, attractive, financially sound, and inclusive of green planning and development,  DIX Developments, LLC provides the highest quality projects by maintaining the strictest attention to detail, and prides itself on being able to manage those details during every phase of the project.