Two Cushman & Wakefield-Managed Properties Receive BOMA Southern Region TOBY Awards

The Winning Properties, Memorial Center I & II and Tampa City Center, Will Now Compete at the International Level TAMPA, FL, April 17, 2019 – The Building Owners and Managers Association (BOMA) has awarded Cushman & Wakefield’s Tampa Asset Services team with two TOBY Awards for the Southern Region. Memorial Center I & II and Tampa City Center, both Cushman & Wakefield-managed properties, won the TOBY in their respective categories at the regional level. The TOBY program, which stands for The Outstanding Building of the Year, 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. Memorial Center I & II, at 4919 and 4921 Memorial Highway, won the TOBY in the “Suburban Office Park - Low Rise” category. Key members of the Property Management Team include Property Manager Katlin White, Assistant Property Manager Candace Richardson [...]

By |2019-04-17T16:30:14-04:00April 17th, 2019|In the News, Press Release|

Cushman & Wakefield Represents Venterra in Sale of Calais Park Lofts Apartments

29th Street Capital Acquires the 261-Unit, Value-Add Community ST. PETERSBURG, FL, February 15, 2019 — Cushman & Wakefield has negotiated the sale of Calais Park Lofts Apartments, a 261-unit multifamily community in Pinellas County. Luis Elorza, Brad Capas, Robert Given and Michael Mulkern of Cushman & Wakefield’s Florida Multifamily Group represented Toronto-based Venterra in the disposition. San Francisco- and Chicago-based 29th Street Capital acquired the property. Calais Park is a 38-building, 317,376-square-foot community developed in 2003 on a ±17.6-acre site at 5800 Calais Lane in St. Petersburg. The two-story, garden-style property features a unique “Big House” design with one-, two- and three-bedroom floor plans with an average size of 1,216 square feet and an average market rent of $1,588 ($1.31 per square foot). The asset was 98% leased at the time of sale. Venterra completed a $1.5 million capital improvement during its ownership period that added upgraded appliances, new goose-neck plumbing fixtures, resurfaced birch kitchen cabinets, new ceiling fans, new lighting fixtures, new 2” blinds and [...]

By |2019-02-21T14:33:03-04:00February 15th, 2019|In the News, Press Release|

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 |2019-02-11T15:16:36-04:00February 5th, 2019|In the News, Press Release|

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 |2019-02-11T15:26:26-04:00January 25th, 2019|In the News, Press Release|

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 |2019-01-18T12:37:26-04:00January 18th, 2019|In the News, Press Release|

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 |2019-01-08T15:58:05-04:00January 8th, 2019|In the News, Press Release|

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 |2018-12-12T11:14:25-04:00December 12th, 2018|In the News, Press Release|

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 |2018-12-10T11:03:09-04:00December 10th, 2018|In the News, Press Release|

Cushman & Wakefield Named Exclusive Agent for The DeSota in Downtown Sarasota, FL

Rare Opportunity to Acquire a Premier Apartment Community on Florida’s West Coast SARASOTA, FL, November 29, 2018 - Cushman & Wakefield, as exclusive marketing agent, has the launched the marketing campaign for The DeSota, a recently completed, condo-quality apartment community in downtown Sarasota. Atlanta-based Carter, one of the country’s leading real estate investment, development and advisory firms, along with Hunt Companies of El Paso, Texas, co-developed the luxury rental property, completing construction in March 2018. The marketing team for The DeSota will be led by Senior Director Brad Capas, Senior Director Luis Elorza and Vice Chairman Robert Given of Cushman & Wakefield’s Florida Multifamily Investment Sales Team. “The DeSota offers investors the rare opportunity to acquire one of the highest-quality and most exclusive rental communities in Florida,” said Capas. “Superior concrete construction, luxuriously appointed units and an extensive array of resort-style amenities differentiate The DeSota, setting a new standard for [...]

By |2018-11-29T16:12:05-04:00November 29th, 2018|In the News, Press Release|

Cushman & Wakefield Arranges Sale of SkyHouse Channelside in Downtown Tampa for AVR Realty

Transaction Underscores Strong Investor Appetite for Core-Plus Multifamily Properties in the South-Eastern United States TAMPA, FL, November 19, 2018 — Cushman & Wakefield’s Florida Multifamily Group has negotiated the sale of SkyHouse Channelside, a 320-unit, trophy apartment community in downtown Tampa. Senior Director Luis Elorza, Senior Director Brad Capas and Vice Chairman Robert Given represented New York-based AVR Realty Company in the disposition. The buyer is an entity led by Willner Realty & Development Company, a privately held real estate investment company headquartered in Pennsylvania. This is Willner Realty’s fourth multifamily acquisition brokered by Cushman & Wakefield in the Tampa Bay area. Completed in August 2015, SkyHouse Channelside is a 23-story, luxury high-rise tower with sweeping city and water views; an expansive 567-space parking garage; and 6,482 square feet of ground-floor retail. Units range from studio to three-bedrooms and average 794 square feet. At 112 N. 12th St., the property [...]

By |2018-11-19T16:27:22-04:00November 19th, 2018|In the News, Press Release|