Cushman & Wakefield Negotiates $50M Sale of Lakeland Multifamily Community​

Blue Roc Premier Obtained Victoria Landing from Mercury Investment and Has Rebranded the Property as The Park at Palazzo LAKELAND, FL, February 5, 2019 — Cushman & Wakefield has negotiated the sale of Victoria Landing, a 352-unit multifamily community in Central Florida. Brad Capas, Luis Elorza and Robert Given of Cushman & Wakefield’s Florida Multifamily Group represented Duluth, MN-based Mercury Investment in the disposition. Tampa-based property management company Blue Roc Premier obtained the property for $50 million ($142,045 per unit) and has rebranded it as The Park at Palazzo. The Park at Palazzo is a 12-building, 383,212-square-foot community developed in 2007 on ±24.0-acre site at 3685 Victoria Manor Drive. The property features one-, two- and three-bedroom floor plans with an average size of 1,089 square feet and an average market rent of $1,376 ($1.51 per square foot). The garden-style asset was 98% leased at the time of sale. Units at The Park at Palazzo feature walk-in closets; full-size washers and dryers; security alarms; nine-foot ceilings; [...]

By | 2019-02-11T15:16:36+00:00 February 5th, 2019|In the News, Press Release|0 Comments

Leading National Self-Storage Investment Sales Team Joins Cushman & Wakefield

The 16-Person Team, Led by Vice Chairman Mike Mele, is Based in Tampa, FL TAMPA, FL, January 30, 2019 – Cushman & Wakefield is pleased to announce that The Mele Group, an industry-leading self-storage investment sales team, has joined the firm. The 16-member, multi-market team is led by Vice Chairman Mike Mele, a veteran of the commercial real estate industry with 20 years’ experience specializing in the sale of self-storage assets. Mele and his team will be based in Cushman & Wakefield’s Tampa office, with several brokers sitting in other offices around the country. In addition to Mele, the team includes Executive Managing Director Luke Elliott (Tampa), Senior Director Robert Bloch (Bethesda, Maryland), Senior Director Trey Hammond (Tulsa, Oklahoma), Director Devin Beasley (Tempe, Arizona), Senior Associate Brian Fulton (Tampa), and Senior Associate Noah Obuchowski (Washington, DC). Nine non-broker team members will also be based in the Tampa office. The team [...]

By | 2019-02-05T15:18:36+00:00 January 31st, 2019|In the News|0 Comments

Cushman & Wakefield Negotiates $72.6M Sale of Two Florida Apartment Communities

Centennial Holding Company Acquired Century Ariva Apartments and Lakehouse Luxury Apartment Homes​ TAMPA, FL, January 25, 2019 — Cushman & Wakefield has negotiated the sale of Century Ariva Apartments and Lakehouse Luxury Apartment Homes. The transactions were valued at $72.6 million. Luis Elorza, Brad Capas and Robert Given of Cushman & Wakefield’s Florida Multifamily Group represented Highland City Gardens, LLC in the sale of Century Ariva Apartments, a 312-unit community in Lakeland, FL. Atlanta-based Centennial Holding Company, LLC acquired the property for $54.6 million ($175,000 per unit). Elorza, Capas and Given also arranged the sale of Lakehouse Luxury Apartment Homes, a 125-unit community in Plant City, FL, on behalf of Lakeside Garden of Plant City, LLC. Centennial Holding Company, LLC acquired the asset for $18.0 million ($144,000 per unit). “These assets are among the highest-quality rental communities in their respective markets and appeal to the top end of the rental market, enabling Centennial to acquire superior quality properties in a high-growth market that exhibits consistent, strong performance [...]

By | 2019-02-11T15:26:26+00:00 January 25th, 2019|In the News, Press Release|0 Comments

Cushman & Wakefield Arranges Sale and Financing of 201,620-SF Tampa Industrial Park

South Florida-Based Joint-Venture Between Genet Property Group and The Geneva Group Acquires Executive Industrial Park from an Institutional Owner TAMPA, FL, January 14, 2019 – Cushman & Wakefield has arranged the sale and financing for Executive Industrial Park, a high-quality infill logistics center in Tampa. Pricing was undisclosed for the 201,620-square-foot value-add property, which consists of seven small-bay warehouse/distribution buildings. The Cushman & Wakefield Investment Sales Team of Executive Director Rick Brugge, Vice Chairman Mike Davis and Executive Director Michael Lerner represented a national owner and operator of industrial real estate in the disposition. Senior Director Jason Hochman and Senior Director Chris Lentz, of Cushman & Wakefield’s Equity, Debt & Structured Finance Group, assisted a joint-venture between Genet Property Group and The Geneva Group in securing financing to acquire the property. The team secured a long-term, fixed-rate loan from a life insurance company. Genet Property Group and The Geneva Group are real [...]

By | 2019-01-18T12:37:26+00:00 January 18th, 2019|In the News, Press Release|0 Comments

Cushman & Wakefield Arranges 60,000-SF Lease with L3 at 490 First Ave. S in Downtown St. Petersburg

Mercedes Angell and Lauren Coup Represented Landlord Lincoln Property Company, which Recently Acquired the Office Building TAMPA, FL, January 14, 2019 — Cushman & Wakefield has arranged a 59,982-square-foot lease with L3 Technologies at 490 First Ave. S., one of downtown St. Petersburg’s premiere office buildings. Based in New York, the major defense contractor is a leading provider of communications and electronic systems for military, homeland security and commercial aviation customers. With the move, L3 will consolidate its offices in Sarasota and St. Petersburg’s Gateway Submarket, bringing more than 200 employees to the Downtown St. Petersburg market. The new office will serve as the national headquarters for L3’s Commercial Aviation Solutions division. The Cushman & Wakefield team of Senior Director Mercedes Angell and Director Lauren Coup represented the building’s new owner, Lincoln Property Group, in the lease negotiations. The team previously handled leasing for 490 First Ave. S. on behalf [...]

By | 2019-01-16T14:34:35+00:00 January 14th, 2019|In the News|0 Comments

Meoli-Donaldson Multifamily Investment Sales Team Joins Cushman & Wakefield in Florida  

  Executive Directors Nicholas Meoli and Michael Donaldson Will Focus on Expanding the Firm’s Representation of Private Equity Clients in the Tampa Bay, Central and North Florida Markets TAMPA, FL, January 8, 2019 – Cushman & Wakefield is pleased to welcome the market-leading multifamily brokerage team of Nicholas Meoli and Michael Donaldson. As Executive Directors with Cushman & Wakefield’s Florida Multifamily Investment Sales Team, the pair will be based in the firm’s Tampa office and will work primarily with private equity and non-institutional clients in the Tampa Bay, Central Florida and North Florida markets. Meoli and Donaldson will work closely with the firm’s institutional multifamily experts in these markets; Executive Directors Luis Elorza and Brad Capas in Tampa, and Executive Directors Jay Ballard and Ken Delvillar in Orlando. Meoli and Donaldson together bring more than 20 years of combined experience in commercial real estate and have worked as a team since 2012, [...]

By | 2019-01-08T15:58:05+00:00 January 8th, 2019|In the News, Press Release|0 Comments

Cushman & Wakefield Report Looks at Florida’s Fast-Growing Tech Sector

Factors Such as Millennial-Friendliness, Cost of Living and Access to Funding Contribute to State’s Increasing Ability to Attract Tech Firms and Top Talent FLORIDA, January 1, 2019 – With Florida’s tech sector growing rapidly, Cushman & Wakefield has released a report analyzing how tech is impacting the state’s commercial real estate markets. The report examines the qualities that attract innovative companies and their employee base to Florida’s major markets, as well as the role tech-based companies are playing in Florida’s ever-changing office landscape. “Florida is more than tourism and retirees. It has a thriving and expanding tech sector that dominates in fields that are changing how we live and get around,” said Chris Owen, Florida Director of Research for Cushman & Wakefield. “Our urban areas have the live and play amenities that millennials crave with the affordability needed as many start out their careers.” Statewide: Florida ranks fourth in the [...]

By | 2019-01-03T15:20:00+00:00 January 3rd, 2019|In the News|0 Comments

Cushman & Wakefield Negotiates Sale of Former Golf Course where 1M-SF Industrial Facility will be Developed

Developers Transwestern Development Co. and Crow Holdings also have Retained Cushman & Wakefield to Lease for the I-4 Corridor Property LAKELAND, FL, December 5, 2018 – Cushman & Wakefield has negotiated the sale of a 183.5-acre former golf course site in Lakeland, which will be redeveloped into a Class A industrial project totaling over 1 million square feet. Transwestern Development Co. in partnership with Crow Holdings acquired the property and will break ground on the speculative industrial project in January 2019. The developers retained the Cushman & Wakefield Industrial Leasing team of Senior Director Jared Bonshire and Senior Director David Perez, based in Orlando, along with Senior Director Julia Silva of Tampa. Bonshire and Perez, along with Director Andrew Slowik and Senior Director Margery Johnson, of Cushman & Wakefield’s Land Advisory Group, negotiated the sale of the property on behalf of the seller. Called University Park at Bridgewater, the facility [...]

By | 2018-12-12T11:14:25+00:00 December 12th, 2018|In the News, Press Release|0 Comments

Cushman & Wakefield Promotes Mike Agnew to Lead Florida Asset Services

A 25-Year Veteran of Cushman & Wakefield, Agnew Will Oversee the Firm’s Statewide Asset Services Operation Encompassing Over 40 Million Square Feet FLORIDA, December 10, 2018 – Cushman & Wakefield is pleased to announce that Mike Agnew will now serve as Senior Managing Director of Asset Services in Florida. With this promotion, Agnew will oversee the firm’s statewide Asset Services operation, which employs 260 professionals and currently encompasses 327 office, industrial and retail properties comprising more than 42 million square feet of space. Agnew brings 25 years of experience with Cushman & Wakefield to this new position. He has served in leadership roles with the firm’s Asset Services division for the majority of his career, demonstrating proven excellence in helping clients maximize property value and achieve their long-term real estate goals. “In my career I have had the honor of seeing Cushman & Wakefield evolve into a leading commercial real [...]

By | 2018-12-10T11:03:09+00:00 December 10th, 2018|In the News, Press Release|0 Comments

BOMA Tampa Bay Honors Three Cushman & Wakefield-Managed Properties at 2018 TOBY Awards Gala

Tampa City Center, BayCare System Office and Memorial Center Recognized Among Tampa Bay’s Best Buildings TAMPA, FL, December 3, 2018 – Cushman & Wakefield’s Asset Services team in Tampa was honored with three awards at BOMA Greater Tampa's 2018 TOBY Awards Gala. The Outstanding Building of the Year (TOBY) Award program is the most prestigious and comprehensive program of its kind in the commercial real estate industry, recognizing quality in buildings and rewarding excellence in building management. Cushman & Wakefield property management teams took home the TOBY in three categories: Tampa City Center (201 N. Franklin St. Tampa) - Earth Award Team: Sandy Ballestra, General Manager; Natalie Stoughton, Property Manager; Abby Phillips, Property Administrator; Kevin Norton, Chief Engineer; Seymour Phillip, Assistant Chief Engineer; Charles Hudnall, Lead Engineer; and Operating Engineers Robert Shim, Chris Rogers, Gerald Michaels and Ken Adams. BayCare System Office (2985 Drew St., Clearwater) - Corporate Facility Team: Stefanie Martin, Senior Property Manager; Goran Veljkovic, Lead [...]

By | 2018-12-03T13:09:56+00:00 December 3rd, 2018|In the News|0 Comments