Top Stories in Florida Commercial Real Estate

C&W negotiates 3,900sf for Shoppes at Hunt Club

Thursday, July 29th, 2010

ORLANDO - Cushman & Wakefield Associate Director Mindy Boehm announced two new leases for The Shoppes at Hunt Club.

Boehm represented the landlord in a 2,500sf, 10-year lease for a Topper's Creamery.

Boehm also represented the landlord in a 1,464sf, five-year lease for Papa Murphy's Take 'N' Bake Pizza.

C&W negotiates 13,500sf lease for Summit Church

Thursday, July 29th, 2010

ORLANDO - The Cushman & Wakefield office leasing team of Mindy Boehm and Betsy Owens announced a 13,566sf lease in Lake Underhill Business Center in East Orlando. Boehm and Owens represented the landlord, Lake Underhill NTC LLP, in the six-year lease for Summit Church of Central Florida Inc.

C&W negotiates 2,000sf renewal in Lucerne Plaza

Thursday, July 29th, 2010

ORLANDO - Cushman & Wakefield of Florida Inc. office brokerage associate Betsy Owens announced a lease renewal for Neutral Tandem Inc. in Lucerne Plaza in downtown Orlando. Owens represented the tenant in the seven-year deal for 2,092sf.

Neutral Tandem is a Chicago-based firm providing tandem network services to telecommunications carriers, which allows for interconnectivity between competitors.

Flagler closes 78,000sf lease at Deerwood South

Thursday, July 29th, 2010

JACKSONVILLE - Flagler announced that Adecco Group North America, part of the world's largest recruitment and workforce solutions provider, has signed a long-term lease for office space at Deerwood South business park at 10151 Deerwood Park Blvd. in Jacksonville. The 78,292sf lease will commence in the spring of 2011.

Flagler's senior director of leasing, Gary Cox, represented Flagler in the transaction. Jim Sebesta of Grubb & Ellis/Phoenix Realty Group Inc. represented Adecco.

Colliers International: Stephen Nostrand

Thursday, July 29th, 2010

MIAMI - Stephen Nostrand has been appointed to the new position of managing director at Colliers International South Florida. Nostrand has been with the firm for five years as executive vice president. In this new capacity, he will manage and direct the brokers and be responsible for strategic planning and implementation.

Colliers sells Sand Dollar Apartments

Thursday, July 29th, 2010

CLEARWATER - Colliers International Tampa Bay Florida announced the recent sale of Sand Dollar Apartments, a 40-unit apartment community in Tampa. Sand Dollar Apartments was sold by Crown NorthCorp Inc. for $990,000 as a distressed sale and was purchased by Catholic Charities-Sand Dollar Inc.

Taylor & Mathis closes new Waterford leases

Thursday, July 29th, 2010

MIAMI - Taylor & Mathis brokers Brian Gale, Ryan Holtzman and Jeannette Mendoza have completed three leases at Waterford at Blue Lagoon. Taylor & Mathis of Florida LLC leases and manages the properties on behalf of MetLife, which owns eight office buildings within the 250-acre corporate park located across from Miami International Airport.

The leases include:

- Aktiv Assekuranz (6303 Waterford, 3,349sf). Co-brokered by Gabriel Menocal of Power House Realty.

Equity Investment Services closes 12 leases

Thursday, July 29th, 2010

ORLANDO - Nathan R. Cutchin of Equity Investment Services recently executed 10 new leases and two lease renewals totaling more than 30,250sf and just over $1.6 million in total value.

Notable leases include 7,700sf leased to Halloween Megastore at Orlando Crossings on International Drive, 7,000sf leased to Godfather Pawn Shop at Danube Plaza on South Semoran Boulevard, and 3,090sf leased to Dollar Store at Kissimmee Korners on West Highway 192.

Marketing Directors sells out Residences at Midtown

Thursday, July 29th, 2010

PALM BEACH GARDENS - The Marketing Directors announced a sellout of all 225 condominiums at The Residences at Midtown in Palm Beach Gardens. Joe Lopez, who has more than 20 years of condominium sales experience in the South Florida market, oversaw the operation, which closed 177 sales in one year.

The Residences at Midtown had no foreclosures or short sales.

J.L. Wallace: U.S. Customs facility

Thursday, July 29th, 2010

FORT MYERS - J.L. Wallace Inc. has started construction of the U.S. Customs general aviation facility at the Naples Municipal Airport in Naples.

The project consists of demo of an existing building, site development, utilities, apron expansion and construction of a 4,142sf building, including a secured processing area. The Customs facility will include extensive security control systems. Architectural design services are being provided by Fletcher Thompson, with engineering services provided by Hole Montes Inc.