Archive

ORLANDO - NAIOP Central Florida, the Commercial Real Estate Development Association, will host its 2010 Golf Tournament on Friday, April 16, at the Ritz-Carlton Golf Club, Orlando, Grande Lakes, at 4012 Central Florida Parkway, Orlando.

Check-in is 7:00 a.m., and a shotgun start is set for 8:00 a.m. Cost: $850 per foursome. For registration, call Shannon Miller at the NAIOP office at 407-227-7461 or register online at www.naiopcfl.org.

JACKSONVILLE - Healthcare Trust of America Inc., a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a 53,169sf medical office building in Jacksonville for $10,775,000.

King Street Medical Office Building is 100% occupied and is home to the Gary and Nancy Chartrand Heart & Vascular Center. The medical office building sits on the campus of St. Vincent's Medical Center and is connected via skybridge to the hospital and parking structure.

St. Vincent's is a 528-bed medical center on the shore of the St. Johns River in Jacksonville.

NEW YORK - The velocity of real estate transactions is expected to improve in 2010, with property pricing to stabilize as liquidity returns to the markets and as the capital markets play a role in recapitalizing the industry, according to FTI Schonbraun McCann Group, the real estate advisory practice of FTI Consulting Inc.

Bruce Schonbraun, the group head of real estate of FTI Schonbraun McCann Group, has identified the following real estate industry trends that will characterize this shift toward a recovery in 2010:

TAMPA - A longtime Tampa Bay industrial market executive said he sees his affiliation with a new investment firm as a chance to strike out on his own without the risk of going solo.

Robert Krueger, now a co-founder and managing principal with Brennan Investment Group, said company chairman and Managing Principal Michael Brennan talked him into the venture over a cup of coffee at a Chicago real estate conference.

FORT MYERS - Asian Massage entered into a six-year lease with Courtney Plaza LLC for 1,750sf at Courtney Plaza, 4120-C Cleveland Ave., Fort Myers. Asian Massage offers traditional and oriental massage therapy. Brad Welborn, CCIM, RE/MAX Realty Group, negotiated the transaction.

ORLANDO - NAIOP Central Florida, the Commercial Real Estate Development Association, elected its 2010 officers and board of directors: president and state board representative, Mary Hurley, CCIM, LEED AP, RPA, real estate and leasing manager, Pineloch Management Corp.; president-elect, Anthony Fiorillo, PE, LEED AP, president, ECS-Florida LLC; vice president and state board representative, Alan Sheppard Jr., Esq., shareholder, Greenberg Traurig LLP; treasurer, Scott Miller, principal, Primary Capital Advisors LLC; secretary, John Guitar, senior director of leasing, Flagler Development Group; a

ORLANDO - NAIOP Central Florida, the Commercial Real Estate Development Association, received two prestigious national awards at the annual NAIOP Chapter Leadership & Legislative Retreat held in February in Washington, D.C.:

- the 2010 Community Service Award for spearheading the establishment of the University of Central Florida’s Dr. P. Phillips School of Real Estate.

- the 2010 Developing Leaders Program Award for its on-going partnership with UCF’s Dr. P. Phillips School of Real Estate, its “Development 101” educational series and its community service events.

TAMPA - Grubb & Ellis|Commercial Florida negotiated the sale of a 30,040sf industrial building at 4707 Lima St. in Denver, Colo.

Tom Kennedy, vice president in the firm’s Office Services Group, and Sean Kennedy, associate, negotiated the transaction representing the seller, Clearwater-based Metal Industries. Tacoma, Wash.-based Ellingson Brothers LLC purchased the facility for expansion of its operations in the Northwest.

FORT MYERS - Family Health Center leased 7,635sf of office space at the Sunshine Professional Suites, 3400 Lee Blvd., Suites 101 thru 104, Lehigh Acres, from Sunshine Professional Suites LLC. Tom Pepitone of Pepitone Properties Corp. represented the landlord.

WINTER PARK - Palmer Electric Company secured a $700,000 contract with Turner Construction Company for electrical contracting for the new Winter Springs Seventh-day Adventist Church in Sanford. Under its scope of services, Palmer Electric is providing site and building electrical services along with low voltage systems. The new two-story, 60,000sf facility is composed of worship space, classrooms, preschool and administrative offices. The $9 million project is scheduled for completion in January 2011.

ORMOND BEACH - H. J. High Construction has broken ground on Phase 2 of the Ormond Beach Middle School project. This second of three planned phases includes demolition of approximately 65,000sf of buildings and construction of a new cafeteria building and campus chiller plant. The 40,000sf cafeteria building includes central receiving, kitchen, serving lines, dining area, stage area, band room, choral room and exterior dining area. The campus chiller plant will provide heating and cooling and power distribution to the entire campus.

MIAMI - Visit Us Inc., the U.S. subsidiary of international hotel chain Iberostar Hotels & Resorts, will occupy 3,000sf of office space at One Park Square at Doral, a new Class A office building in the heart of Doral. The ninth-floor office will serve as the U.S. headquarters for Visit Us. Financial terms of the five-year lease were not disclosed.

Tere Blanca of Blanca Commercial Real Estate and Darryl Robinson of Oak Hill Advisors represented Shoma Group, the developers of One Park Square. There were no co-brokers involved in the deal.