Florida

Green Cos. Buys Office Building in Broward County from Clarion Partners for $19.3M

by John Nelson April 6, 2017

PLANTATION, FLA. — The Green Cos. has purchased Sabadell Financial Center, a five-story, 102,007-square-foot office building located at 150 S. Pine Island Road in Plantation, a suburb in Broward County. Clarion Partners LLC sold the Class A office building to Green Cos. for $19.3 million. The property was 96 percent leased at the time of sale to tenants such as Sabadell United Bank, Quest Workspaces and Ferencik Libanoff Brandt Bustamante & Goldstein PA. Hermen Rodriguez, Ike Ojala and Tracey Goo of HFF represented Clarion Partners in the transaction. James Bernstein, Elizabeth Green and George Brown led The Green Cos. internally. Paul Stasaitis and Maxx Carney of HFF arranged the 10-year, fixed-rate, $12.5 million acquisition loan through Aegon USA Realty Advisors LLC.

April 6, 2017

Florida Retail Southeast

The Home Depot Buys 22 Acres in Tampa Bay Area

by John Nelson April 5, 2017

BRADENTON, FLA. — The Home Depot has purchased 22 acres in Bradenton, a city within the Tampa Bay area near Sarasota, for a new store. Ken Stephens of Retail Property Advisors represented the Atlanta-based retailer in its purchase of the site located at the corner of state Road 64 and Morgan Johnson Road. The site is an assemblage of three different tracts with three separate owners. David Gustafson of Wagner Realty represented one of the sellers in the transaction. Stephens worked with Rich Kingan of Kingan Commercial and Mike Chadwick of The Ferber Co. to bring the deal to fruition.

April 5, 2017

Florida Multifamily Southeast

Berkadia Brokers $19.4M Sale of Multifamily Community in Orlando

by John Nelson April 4, 2017

ORLANDO, FLA. — Berkadia has arranged the $19.4 million sale of The Park at Salerno, a 200-unit multifamily community located at 2100 S. Conway Road in Orlando. Tampa-based Palm Harbor Property Holdings LLC sold the asset to a partnership between Reno, Nev.-based Goldelm at Salerno LLC and Jacksonville, Fla.-based Michaelson Real Estate Group. Community amenities at The Park at Salerno include a clubhouse, coffee bar, resident lounge, business center, fitness center, two pools, tropical landscaping, planned social activities and gated access.

April 4, 2017

Florida Industrial Southeast

NGKF Negotiates 342,750 SF Industrial Lease Renewal in South Florida

by John Nelson April 3, 2017

MEDLEY, FLA. — Newmark Grubb Knight Frank (NGKF) has arranged a long-term lease renewal for 342,750 square feet of industrial space in Medley, a town in Miami-Dade County. The tenant, Bel USA LLC, has used the space within Medley Logistics Park to manufacture and distribute promotional items like coffee mugs and T-shirts since the park opened in 2010. Steve Medwin and Nick Wigoda of NGKF represented the landlord in the $30 million lease renewal. David Albert of CBRE represented the tenant.

April 3, 2017

Florida Retail Southeast

Stan Johnson Brokers $17.9M Sale of Retail Property in Tampa

by John Nelson April 3, 2017

TAMPA, FLA. — Stan Johnson Co. has brokered the $17.9 million sale of a 119,884-square-foot retail property located at 7651 W. Waters Ave. in Tampa that is fully leased to BJ’s Wholesale Club, a membership-based warehouse retailer. BJ’s triple-net lease has more than 10 years remaining on its term. Joshua Pardue led Stan Johnson’s team in representing the individual seller in the transaction.

April 3, 2017

Florida Retail Southeast

Steve Madden, Häagen-Dazs Sign Leases on Miami’s Lincoln Road

by John Nelson March 31, 2017

MIAMI — Thor Equities has inked leases with fashion footware retailer Steve Madden and international ice cream shop Häagen-Dazs along Lincoln Road, Miami’s high-street retail district. Steve Madden will occupy 2,300 square feet at 663 Lincoln Road, and Häagen-Dazs will occupy 1,000 square feet at 665 Lincoln Road. Thor Equities owns the 5,000 square feet of space at 663-667 Lincoln Road, which also features a 1,700-square-foot space leased to Pizza Rustica. Fiorella Perez of Rovira Realty represented Häagen-Dazs in the lease transaction, and Steve Madden was represented internally. George Stanchfield represented Thor Equities internally in both lease deals.

March 31, 2017

Florida Multifamily Southeast

Franklin Street Arranges Sale, Secures Financing for Apartment Complex in Broward County

by John Nelson March 31, 2017

SUNRISE, FLA. — Franklin Street has arranged the sale of and secured financing for Sunset Apartments, a 54-unit multifamily community located at 2340-2350 N.W. 72nd Ave. in Sunrise, a suburb of Fort Lauderdale. Tony Gannacone, Greg Matus and Dan Dratch of Franklin Street represented the Canada-based seller, RonJack Properties LP, in the transaction, and procured the unspecified buyer. The 10-year, nonrecourse acquisition loan features a fixed 3.5 percent interest rate. Franklin Street’s Evan Seacat and Ryan Cassidy provided insurance services for the asset.

March 31, 2017

Florida Hospitality Southeast

Hyatt to Open New Hotel Within Panorama Tower in Miami’s Brickell District

by John Nelson March 30, 2017

MIAMI— An affiliate of Hyatt Hotels Corp. has entered into a franchise agreement with Concord Aztec Brickell LLC for Hyatt Centric Brickell Miami, a 208-room hotel that will be situated within the 83-story Panorama Tower in Miami’s Brickell district. Located at 1101 Brickell Ave., Hyatt Centric Brickell Miami will feature a second-floor restaurant and bar, full-service spa, fitness center, swimming pool and 4,000 square feet of meeting and event space. Concord Aztec Brickell LLC is a joint venture between Aztec Group and Concord Hospitality, which will manage the hotel. Hyatt Centric Brickell Miami is expected to open in the third quarter of this year. When completed, the mixed-use Panorama Tower will be the tallest building in Miami and the largest residential building south of New York. The first two floors of Panorama Tower will include more than 50,000 square feet of retail and restaurant space.

March 30, 2017

Florida Retail Southeast

The Shopping Center Group Negotiates $16M Sale of 64,500 SF Retail Center in Orlando

by John Nelson March 30, 2017

ORLANDO, FLA. — The Shopping Center Group has negotiated the $16 million sale of Town Center Shoppes, a 64,500-square-foot retail center located at the intersection of Mitchell Hammock Road and South Central Avenue in Orlando. An undisclosed entity purchased the property, which is anchored by a 44,000-square-foot LA Fitness. Anthony Blanco, Lenard Williams and Mallory Silva of The Shopping Center Group marketed the property on behalf of the seller, an affiliate of Gemini Real Estate Advisors, a North Carolina-based consulting firm.

March 30, 2017

Florida Life Sciences Office Southeast

Biotech Firm Leases 125,000 SF in Tampa

by Taylor Williams March 29, 2017

TAMPA, FLA. — Amgen, a California-based biopharmaceutical company, has leased 125,000 square feet of office space at Corporate Center, a 1.2 million-square-foot office building in the Tampa submarket of Westshore. Located at 2202 N. Westshore Blvd., the Class A property will house Amgen’s new, 450-employee business support center. Cousins Properties Inc., an Atlanta-based REIT that primarily invests in Class A office towers, represented Amgen in the transaction.

March 29, 2017

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