Space at Orlando-Sanford Airport Commerce Park in Tight Supply as Tenants Stay, Expand and Boost Local Economy

Orlando / Sanford, Fla. --- The Commerce Park at Orlando-Sanford International Airport has a tight supply as strong demand for industrial space there is seen by NAI Realvest who handles leasing at the airport and recently closed on multi year leases for over 55,000 square feet.

Paul P. Partyka, CCIM, MICP, partner at one of the region’s most active commercial property brokers negotiated lease agreements on behalf of the Sanford Airport Authority with tenants who believe their own growth is due in large part to growth at the airport and its convenient location.   
National brand Toro AG, providing agriculture supplies and equipment renewed their lease of 42,600 square feet of warehouse and manufacturing space;  Skimmer Skiffs boat manufacturer renewed a 6,116 square foot facility while waiting for a larger building to become available at the airport;  Enterprise Leasing Company of Orlando, LLC renewed its lease of 2,440 square feet due to its strong business growth and Florida Clay Art, an artisan tenant for decades, renewed its lease of 4,020 square feet.

“The growth and diversity of the businesses at the Orlando Sanford Airport, and low vacancy at this industrial hot spot is welcome news for the local economy,” says Partyka.
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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

NAI Realvest’s Veronica Malolos Earns Prestigious CCIM Designation

KISSIMMEE / ORLANDO -- Veronica Malolos, Osceola County broker at NAI Realvest, has been awarded the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute recognizing her as an expert in the disciplines of commercial and investment real estate.     

Malolos completed all of the requirements including the Institute’s comprehensive studies and testing, and demonstrated a vast portfolio of experience.  CCIMs must be proficient in the areas of investment analysis, market analysis, user decision analysis and financial analysis for commercial real estate. 
Patrick Mahoney, President and CEO of NAI Realvest said in addition to this achievement Malolos is an established leader in Osceola County and serves as Chairwoman of the County’s Planning Board.  She has more than 15 years of experience in commercial real estate focusing on tenant representation, brokerage, investment, development, sales and leasing. 
Among the more than 150,000 commercial real estate professionals in the United States, only an estimated 6 percent hold the CCIM designation.     CCIM members are responsible for an approximate US$400 billion annually of real estate transactions globally. CCIM Institute is a commercial affiliate of the National Association of Realtors and is headquartered in Chicago.
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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 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. 

Hold Thyssen Brokers Long Term Lease for 2nd Gen Retail Pharmacy in St. Cloud

ST. CLOUD --- Hold Thyssen, Inc., a full service commercial property firm based in Winter Park, recently completed a five-year lease agreement to assist in the opening of a 2nd Gen retail pharmacy at 520 13th Street off of U.S. 192 in St. Cloud. 

Hold Thyssen leasing associate Vikash Mahadeo negotiated with the owners of a Mount Dora-based, independently-owned retail pharmacy to expand their business into the new market by opening a second chain location. Keshav Rx, LLC leased the 1,145 square foot space in a two-unit building where the other occupant is a family practice medical office. Keshav Rx anticipates an opening date in the first quarter of 2020.  The landlord is TC Holdings, LLC; a local owner specializing in acquisition of medical office buildings. 

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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Jamerika Ramsey wins 2019 Crossman & Company Endowed Real Estate Scholarship at B-CU

DAYTONA BEACH / ORLANDO --- Jamerika Ramsey, a junior at Bethune-Cookman University in Daytona Beach with a 3.96 GPA is the recipient of the university’s Crossman & Company Endowed Real Estate Scholarship for 2019.

Ramsey, who was raised in the Atlanta area, majors in Political Science and has held the highest academic GPA every year in the BC-U Liberal Arts department.  She plans to go to lawschool, become an attorney, a real estate investor and entrepreneur.

“I am honored to be a recipient of the Crossman & Company Real Estate Scholarship.  Although I have a lot of work ahead of me to get where I want to be in life, I am confident because of what I have accomplished so far at Bethune-Cookman University,” she said.

Crossman & Company, which ranks as one of the largest third-party retail leasing and management firms in the Southeast, established an endowed scholarship for students at Bethune-Cookman University in 2014.
 
In addition, John Crossman, CEO, and his family launched an endowment fund for BC-U in 2004 in memory of his father Reverend Kenneth C. Crossman and donors have contributed over $100,000 throughout the years.

As CEO, Crossman promotes firm’s core values of a strong commitment to community service, industry education initiatives and dedication to diversity through creating scholarships and mentoring.

Crossman & Company now has real estate scholarships at FSU, FAMU, B-CU, and UCF.
“One of the best ways to improve the real estate marketplace is to encourage the participation of the best of the next generation,” Crossman said.
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Rhodes+Brito Co-Founder Honored with AIA’s Nils M. Schweizer Award

ORLANDO, Fla. --- The Orlando Chapter of American Institute of Architects, one of the most prestigious and influential professional organizations in the US,  honored Maximiano “Max” Brito

co-founder and partner of Rhodes+Brito Architects with the 2019 Nils M. Schweizer Award for his community service.   

“Our firm focuses on designing public places, facilities and learning institutions,” Brito, said.  “Community service has been a big portion of our dedication to giving back to the community.” 

The Nils M. Schweizer award was named after the late prominent Orlando architect and humanitarian.
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Riviera Bella’s New Amenities Getting Ready to Open Featuring $400,000 Splash Park + Fitness Trail and New Entry

 DeBary, Fla. --- The much-anticipated expanded amenities at Riviera Bella are here. The highlight of the amenities unveiled this month (October) is a $400,000 children’s interactive water play area.

The water park where children can play in gentle mists and streaming jets of water was created by Freeport Fountains of Sanford.

The new amenities package also includes an additional landscaped entrance and a fitness trail, according to Jerome Henin, president of the firm developing the award-winning Rivera Bella community spanning 240 acres and overlooking the St. Johns River.

In the original phases of Riviera Bella, M/I Homes and Henin Homes are currently selling and building new single-family homes on the remaining homesites priced from the high $200s, to more than $1 million for homes on the riverfront. Henin says there are less than 50 homesites remaining for new homes on the west side within the original 415-unit Riviera Bella development.

In the newer section of Riviera Bella with 293 homesites, homebuilder D.R. Horton is building new single-family homes priced from the mid-$200s.

Upon completion of the 20-year residential project, the combined 708 homesites at Riviera Bella equates to approximately $300 Million in total sales of homes in a variety of styles by Henin Homes, M/I Homes and D.R. Horton. Buildout is expected in 2023

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Hold-Thyssen Closes $3.4 Million Sale of Multi-Tenant Retail Center Facing I-75 in Ocala

OCALA --- Hold-Thyssen, a full service commercial property firm based in Winter Park, brokered the sale of Marion Crossing, a 60,000 square foot multi-tenant retail center built in 1990 at 2101 SW Highway 484 off of I-75 in Ocala.

The property, situated on 19 acres overlooking I-75, was 73 percent occupied at the time of the sale and sold by Security Mutual Life Insurance Company of New York to a California investment entity for $3,400,000.00. Major tenants include Hemispherx, VNA of Florida and Low Vision Aids Inc.

“We were able to bring a group of doctors from California to a successful and seamless closing of the transaction,” said Saxon Evans, Director of Investment Sales at Hold-Thyssen, who negotiated the sale representing the buyers and seller.

Hold-Thyssen based in Winter Park with offices in Clearwater, 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 than 100 commercial properties throughout the United States.

Flagship Companies’ Land Acquisition Set for Retail, Self-Storage - NAI Realvest | Charles Wayne Closes Land Sale for Mixed-use Opportunities in DeLand

DeLand, Fla. -- NAI Realvest | Charles Wayne Commercial closed the sale of 6.44 acres on SR 15A in DeLand.  Lake Mary-based Flagship Companies Group purchased the land for $762,500 to build a mixed-use and self-storage development in the underserved area.

   
"The market is currently underserved when it comes to the supply of flex space that this project will be providing," says Steve Costa principal at NAI Realvest | Charles Wayne who brokered the sale and represented sellers Norman and Victoria Todd of Osprey, Fla. 

The project, strategically located at the northwest corner of the intersection of SpringGarden and S. Adele Avenues in DeLand, will feature “‘Maker’ style spaces to encourage employment opportunities in the SpringGarden area,” Costa said. 

The Maker units will consist of five retail units available for lease to local Artisans in the community.  The units will also have capability for light manufacturing uses with additional storage space and secured outdoor parking, he explained.   

The state-of-the-art facility is to be managed and operated by Extra Space Storage and will also include controlled climate storage units and outdoor parking for RVs and boats. 

Chicago-based Flagship is also building and operating self-storage facilities throughout Florida including Daytona Beach, Port Orange, Sanford, Orlando, Lakeland, Tampa and Sarasota.

The DeLand development will support two full time employees and it is estimated that over 50 people will be necessary to support the mixed-use project at full capacity.


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.

NAI Realvest Negotiates $670,000 Purchase of Sanford Building - Orlando Electrical Contractor Buys Building, To Double the Company’s Size to 50

SANFORD — Jason G. Toll, MiCP of NAI Realvest successfully negotiated the $670,000 sale of a 5,200 square foot building at a Sanford industrial park from Performance Telecom Inc. to EchoED, an Orlando electrical contracting firm.

The one-story building, at 611 Central Park Drive, is located between State Road 46 and St. Johns Parkway.

“The move from Orlando into Sanford will afford EchoED the opportunity to expand their service by adding approximately 17 to a current staff of 33 thereby helping them to build their client base,” according to Toll, the company’s Director of its Industrial Services Group.

EchoED, who was represented in the transaction by Josiah Biddle of the Orlando-based McNulty Group, plans to be operating from its new location by the first quarter of 2020, according to Toll.

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About NAI Realvest:

Serving all of central Florida, NAI Realvest 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 400 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.

M/I Homes’ Newest Central Florida Community – Dean’s Crossing at Little Econ – is Starting to Take Shape in Orlando

ORLANDO – M/I Homes has begun development of Dean’s Crossing at Little Econ just off Dean Road and Curry Ford Rd. in East Orlando.

Sales for the 51-homesite community are expected to begin during the fourth quarter of this year, according to David Byrnes, M/I Homes’ Area President. Prices will range from the high $200s through the $300s.

Amenities at the single-family community will include a community pond with walking trails, Byrnes said.

Five floor plans with varying living spaces will be offered: The Markham, 1,610; The Amhurst, 2,121; The Norwood II, 2,192; The Bedford, 2,433 and The Halifax, 2,888.

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