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Home » News » Ackerman & Co. Brokers Sale of 37,750 SF Warehouse Property in Decatur, Ga. for $2.2 Million

Home » News » FRIEDMAN SELLS 2,300 SF OFFICE BUILDING IN DOWNTOWN ROYAL OAK, MICHIGAN

Home » News » Ackerman & Co. Purchases 4-Building, 217,089 SF Lavista Business Park in Metro Atlanta

Home » News » Ackerman & Co. Grows Brokerage Group with Addition of Marcus Billie

Home » News » Artemis Real Estate Partners, Ackerman & Co. and MLL Capital Acquire CHRISTUS Medical Portfolio

Home » News » Divaris Real Estate’s Hampton Roads Office Negotiates Five Transactions Totaling 14,305 Square Feet

Home » News » Divaris Real Estate’s Hampton Roads Office Negotiates Three Transactions Totaling 14,863

Home » News » 17-story luxury apartment complex still slated for Birmingham’s Five Points South

Home » News » Divaris Real Estate’s Hampton Roads Office Negotiates Eight Transactions Totaling 31,669

Home » News » Harbert Realty Services Announces New Tenant Insight Global at Regions Harbert Plaza

Home » News » Divaris Real Estate Announces 149,575 Square Feet in Completed Transactions in June 2017

Home » News » Divaris Real Estate’s Hampton Roads Office Negotiates Three Transactions Totaling 19,941 Square Feet

Home » News » FRIEDMAN’S PETER JANKOWSKI SELLS 85,539 SF OFFICE BUILDING IN DETROIT, MICHIGAN

Home » News » FRIEDMAN SELLS 10,992 SF RETAIL BUILDING IN CLAWSON, MICHIGAN

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Home » News » Divaris Real Estate’s Hampton Roads Office Brokers Sale of Office Building in Virginia Beach

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Home » News » FRIEDMAN NEGOTIATES THE LEASE OF A 5,673 SF FLEX SPACE IN ELK GROVE VILLAGE, ILLINOIS

Home » News » Harbert Realty Services Announces New Office In Orlando Headed by New Managing Director Josh Smith

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Home » News » Ackerman & Co. Arranges Sale of Auburn Area Development Assemblage

Home » News » Divaris Real Estate Announces 62,148 Square Feet in Completed Transactions in April 2017

Home » News » Divaris Real Estate’s Hampton Roads Office Negotiates Eight Transactions Totaling 24,089 Square Feet

Home » News » FRIEDMAN NEGOTIATES 27,730 SF INDUSTRIAL LEASE IN ROCHESTER HILLS, MICHIGAN

Home » News » FRIEDMAN ARRANGES 78,065 SF INDUSTRIAL BUILDING SALE IN FARMINGTON HILLS, MICHIGAN

Home » News » Divaris Real Estate Signs Hazen and Sawyer to Handcraft Building in Richmond’s Scott’s Addition

Home » News » Divaris Real Estate’s Charlotte Office Negotiates Two Lease Renewals Totaling 2,986 Square Feet

Home » News » Divaris Real Estate’s Hampton Roads Office Negotiates Three Transactions Totaling 9,560 Square Feet

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Home » News » Ackerman & Co. Completes Industrial Building Sale in Stone Mountain Industrial Portfolio

Home » News » FRIEDMAN WELCOMES WILL RAMIREZ TO DEERFIELD BEACH FLORIDA OFFICE

Home » News » Ackerman & Co. Announces Off-Market 274,791-Square-Foot Acquisition in Atlanta’s I-20W/Fulton Indus

Home » News » Divaris Brokers Sale of Two Southside Hampton Roads Properties

Home » News » DRE’s Hampton Roads Office Completes Five Lease Transactions

Home » News » FRIEDMAN NEGOTIATES 7,818 SF INDUSTRIAL LEASE IN PALATINE, ILLINOIS

Home » News » Divaris Handles Leases in Multiple Markets

Home » News » FRIEDMAN LEASES 7,512 SF OF OFFICE SPACE IN TROY, MICHIGAN

Home » News » FRIEDMAN LEASES 8,000 SF OF OFFICE SPACE IN SOUTHFIELD, MICHIGAN

Home » News » FRIEDMAN LEASES 60,000 SF OF INDUSTRIAL SPACE IN BELVIDERE, ILLINOIS

Home » News » FRIEDMAN SELLS 33,294 SF OFFICE/FLEX BUSINESS PARK IN LIVONIA, MI

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Home » News » Divaris Brokers Sale of 2020 General Booth Boulevard for $1.6 Million

Home » News » Divaris Brokers Sale of Union Bank Building for $3.35 Million

Home » News » FRIEDMAN NEGOTIATES 5,431 SF OFFICE LEASE IN LIVONIA, MICHIGAN

Home » News » Harbert Realty Services’ Historic Federal Reserve Renovation Nears Completion

Home » News » Friedman Integrated Real Estate Solutions Celebrates Best in Class Solutions for 30 Years

Home » News » FRIEDMAN SELLS A 64,608 SF OFFICE BUILDING IN JACKSONVILLE, FLORIDA

Home » News » Harbert Realty Services Announces Three New Anchor Tenants at Alabaster Landing Retail Center

Home » News » FRIEDMAN SELLS AN 11,700 SF OFFICE BUILDING IN OXFORD, MICHIGAN

Home » News » Harbert Realty Services Announces New Chief Financial Officer Maria Goldschmidt

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Home » News » FRIEDMAN SELLS A 16,462 SF INDUSTRIAL BUILDING IN WARREN, MICHIGAN

Home » News » DRE’s Hampton Roads Office Completes Six Lease Transactions

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Home » News » FRIEDMAN EARNS THE U.S. ENVIRONMENTAL PROTECTION AGENCY’S 2016 ENERGY STAR CERTIFICATION

Home » News » FRIEDMAN NEGOTIATES 26,607 SF OFFICE LEASE IN SOUTHFIELD, MICHIGAN

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Home » News » DRE’s Hampton Roads Office Leases 23,025 Square Feet of Space

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Home » News » DRE’s Hampton Roads Office Leases 10,080 Square Feet of Space

Home » News » Ackerman & Co. closes $23 million sale of Braselton 85 Distribution Center in Braselton, Ga.

Home » News » MB REAL ESTATE WELCOMES ELISE O’CONNOR TO TENANT REP TEAM

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Home » News » MB REAL ESTATE’S PROJECT SERVICES TEAM ANNOUNCES NEW HIRES AND PROMOTION

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Home » News » Petco Leases 192,461 Square Feet at Ackerman & Co.’s Braselton 85 Distribution Center

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Home » News » FRED C. EHRHARDT JOINS WEICHERT COMMERCIAL BROKERAGE AS SENIOR VICE PRESIDENT

Home » News » FRIEDMAN SELLS A 24,898 SF INDUSTRIAL BUILDING IN NOVI, MICHIGAN

Home » News » Ackerman & Co. to develop a one-million-square-foot bulk distribution center in Braselton, Ga.

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Home » News » CORE Annual Spring Meeting 2016

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Home » News » FRIEDMAN LEASES 6,994 SF OF OFFICE SPACE IN TROY, MICHIGAN

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Home » News » FRIEDMAN LEASES 8,600 SF OF OFFICE SPACE IN BLOOMFIELD HILLS, MICHIGAN

Home » News » SCOTT SCHECHTER JOINS WEICHERT COMMERCIAL BROKERAGE AS VICE PRESIDENT

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Home » News » FRIEDMAN SELLS A 26,202 SF INDUSTRIAL BUILDING IN PONTIAC, MICHIGAN

Home » News » FRIEDMAN LEASES 40,489 SF OF INDUSTRIAL SPACE IN TAYLOR, MICHIGAN

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Home » News » FRIEDMAN SELLS A 105,717 SF MEDICAL OFFICE BUILDING IN CLARKSTON, MICHIGAN

Home » News » Ackerman & Co. Completes Acquisition of 4.1MSF Industrial Portfolio in Stone Mountain, Ga.

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Ackerman & Co. Sells 334,675 SF Phoenix Office Park Portfolio

Ackerman & Co. Sells 334,675 SF Phoenix Office Park Portfolio


WePartner purchases portfolio of 9 buildings in South Atlanta industrial market for $22 million

 

Atlanta, October 20, 2017 – Ackerman & Co. announced today it has sold the remaining properties in its Phoenix Office Park portfolio to WePartner, an Atlanta-based real estate investment and management firm.  Ackerman sold nine buildings totaling 334,675 square feet for approximately $22 million.

 

Ackerman & Co. purchased the 100-acre, 11-building Phoenix Office Park in 2005 and invested in extensive renovations over the years. Ackerman’s leasing team led by Senior Vice President of Leasing Frank Farrell also boosted occupancy at the park to 86 percent with recent lease signings including 44,891 square feet with LogistiCare, 28,275 square feet with the State of Georgia and 10,799 square feet with the U.S. Department of Veterans Affairs.

 

The properties sold to WePartner include: Two Crown Center - 1745 Phoenix Boulevard (87,384 square feet); 1800 Phoenix Boulevard (4 buildings totaling 103,319  square feet); South Pointe – 1691 Phoenix Boulevard (66,120 square feet); 1640 Phoenix Boulevard (49,577 square feet); and 1680 Phoenix Boulevard (28,275 square feet).

 

“In addition to its strategic location at I-285 and Riverdale Road near Hartsfield-Jackson International Airport, Phoenix Office Park offers the benefits of its location within the Airport South Community Improvement District (CID) that Ackerman helped create in 2015,” said Ackerman’s Frank Farrell.


Recent improvements implemented by the Airport South CID include the addition of MARTA stops along Phoenix Boulevard, traffic mitigation at I-285 and Riverdale Road, beautification cleanup along business corridors and improved way-finding signage.

 

Stewart Calhoun, Samir Idris and David Meline of Cushman & Wakefield Atlanta represented Ackerman in the transaction.

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has 8 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

ONE NORTH LASALLE HOSTS LOCAL NONPROFIT SAVING CITY TAILS LAUNCH EVENT

                                                                                                                                                           ONE NORTH LASALLE HOSTS LOCAL NONPROFIT SAVING CITY TAILS LAUNCH EVENT

 

CHICAGO – October 19, 2017 – MB Real Estate (MBRE) announced today that they are partnering with Chicago-based nonprofit Saving City Tails to host the nonprofit’s launch event, “Howl-O-Ween Pup Portraits,” on Thursday, October 26th, at One North LaSalle’s new tenant amenity floor, The Landmark.

 

Founded in March of 2017, Saving City Tails is a nonprofit organization whose mission is to raise funds for animal shelter programs that contribute to the elimination of euthanasia in shelters through art, innovative social media campaigns, and fund-raising events. National in scope, Saving City Tails’ vision is

to partner with animal shelter organizations across the country to bring much needed financial resources to their prevention programs, starting with Chicago.

 

“As an artist, I know that art often tells the best stories, and the story of pet homelessness and shelter overpopulation due to lack of education, lack of access to spay and neuter services, and chronically underresourced programs needs to be told in a way that will capture people’s attention,” explained Saving City Tails founder Nicole Quattrocki. “After working independently with PAWS Chicago, I realized that art, in all its varieties, could help spread awareness and raise funds for these programs in a unique and effective way, and have since enlisted a team of both artists and creative professionals that make up Saving City Tails, who will make it possible for the organization to expand nationally.”

 

Saving City Tails’ Halloween-themed launch event, “Howl-O-Ween Pup Portraits,” represents the nonprofit’s first official fundraising event. Speaking to the organization’s mission to raise donations through various art forms, the event will include professional photography of attendants and their pets, live painting and music, and an art auction, with all proceeds benefitting local animal shelter PAWS Chicago and rescue service ALIVE Rescue. Attendance for the event is free and open to the Chicago area.

As one of the only dog-friendly office buildings in the Loop, One North LaSalle routinely hosts events for tenants and their pets and has held fundraisers of their own for various animal nonprofits, such as Texasbased shelter Austin Pets Alive! in the wake of Hurricane Harvey. “It makes sense for us to partner with Saving City Tails because our tenants really enjoy our dog-themed events, and it’s important for us as an organization to support causes that make a true impact in our community,” stated MBRE’s Courtney Hamm, General Manager of One North LaSalle. “We’re excited about the opportunity to help a local nonprofit with a mission close to our hearts launch their business.”

One North LaSalle is an historic Loop building centrally located in downtown Chicago. MB Real Estate has provided leasing and management services for the property since 1998.

About Saving City Tails

Saving City Tails is a nonprofit organization whose mission is to raise funds for animal shelter programs that contribute to the elimination of euthanasia in shelters. Comprised of passionate artists, entrepreneurs, and business professionals, Saving City Tails seeks to make a difference in the lives of animals by using art, music, design, and space to raise awareness. For more information, visit www.savingcitytails.com.

 

About MB Real Estate Services Inc.

Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in: Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation; Development Management and Investment Services. Separately, MBRE Healthcare is a

national, full-service real estate company that acquires, develops, leases, and manages healthcare facilities, along with its affiliated fund manager, ROA Holdings. MBRE is headquartered in Chicago, with regional offices in New York, Atlanta, Columbus, Orlando, Dallas and Denver. For more information, visit

www.mbres.com or www.mbrehealthcare.com.

FRIEDMAN’S JAMES LAHOOD AND STEVEN SILVERMAN FACILITATE 20,000 SF WAREHOUSE LEASE IN LIVONIA, MI

FRIEDMAN’S JAMES LAHOOD AND STEVEN SILVERMAN FACILITATE 20,000 SF WAREHOUSE LEASE IN LIVONIA, MI

Farmington Hills, Michigan(September 18, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased a 20,000-square foot warehouse space, located at 12500 Merriman Road in Livonia, Michigan. The landlord, Kurtis Kitchen and Bath, leased the warehouse space to IDP Inc.

 
“Given the extremely tight market for commercial warehouse/storage space throughout Metro Detroit, IDP Inc. acted swiftly in securing 20,000 SF that was available through sublet at Kurtis Kitchen & Bath’s Livonia HQ,” said Friedman’s Steven Silverman.
 
Steven Silverman, Associate, Investment Advisory Services and James LaHood, Associate, Brokerage Services at Friedman represented both the landlord and the tenant in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Ackerman & Co. Brokers Sale of 37,750 SF Warehouse Property in Decatur, Ga. for $2.2 Million

Ackerman & Co. Brokers Sale of 37,750 SF Warehouse Property  in Decatur, Ga. for $2.2 Million

Ben Campbell represents owner in sale of both building and land.

 

 

Atlanta, September 19, 2017 – Ackerman & Co. announced today that it has completed the sale of a 37,750-square-foot warehouse facility and 3.1 acres of land in Decatur, Ga., for $2.2 million. Custom Slip Cover & Upholstery, which housed its upholstery services and administrative offices in the facility, sold the land and building to Oakhurst Realty Partners.

Ben Campbell, brokerage associate at Ackerman & Co., represented the company in the transaction.

Located at 2969 East Ponce de Leon Avenue about eight miles from downtown Atlanta, the property is directly across from DeKalb Farmers Market, which is undergoing a major expansion that will more than triple the size of the popular shopping destination to more than 550,000 square feet.

“It was a pleasure to close this sale and work with owners Chean Chea and Miguel Moreno, who have operated their business in Decatur for more than 30 years and are so passionate about their field and their community,” said Campbell. “This sale will enable Custom Slip Cover & Upholstery to relocate to a more modern facility to continue serving its growing base of customers.”

2969 East Ponce de Leon is the original headquarters location of the Huddle House restaurant chain. The property provides 240 feet of frontage along East Ponce de Leon Avenue and is one of the last industrial sites available in Decatur.

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

FRIEDMAN SELLS 2,300 SF OFFICE BUILDING IN DOWNTOWN ROYAL OAK, MICHIGAN

FRIEDMAN SELLS 2,300 SF OFFICE BUILDING IN DOWNTOWN ROYAL OAK, MICHIGAN

Farmington Hills, Michigan(September 14, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 2,300-square foot creative office building with private parking and immaculate finishes, located at 407 E 4th Street, in downtown Royal Oak, Michigan. The seller, Fourth Street Partners LLC, sold the office building to Fox Commercial Properties, LLC.

 
Ryan Cohn, Senior Investment Advisor, Brokerage Services at Friedman represented both the buyer and the seller in this transaction.
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Ackerman & Co. Purchases 4-Building, 217,089 SF Lavista Business Park in Metro Atlanta

Ackerman & Co. Purchases 4-Building, 217,089 SF Lavista Business Park in Metro Atlanta

Firm grows industrial portfolio with $12.7-million acquisition.

 

Atlanta, September 12, 2017 – Expanding its strategically located Atlanta industrial portfolio, Ackerman & Co. has acquired Lavista Business Park, a 4-building, 217,089-square-foot business center in the Tucker/Stone Mountain industrial submarket, one of the most accessible locations for distribution operations in metro Atlanta. Ackerman & Co. purchased the properties for $12.7 million from CRE Lavista LLC (Onward Investors).

Tom Shafer and John Hinson of CBRE represented the seller in the transaction. Frank Farrell, senior vice president of leasing at Ackerman, will lead leasing efforts at the business park, which is 87 percent leased.

“Lavista Business Park provides tenants high-quality, shallow-bay distribution space in an extremely convenient location,” said Kris Miller, President of Ackerman & Co.  “With Atlanta’s ongoing population growth and increasing traffic congestion, we’ve learned the value of close-in locations that offer quick access to Atlanta’s major submarkets and the opportunity for last-mile distribution to consumers.”

Lavista Business Park is located 1/4 mile from I-285, the interstate perimeter that encircles metro Atlanta, and provides convenient access to the key transportation corridors of I-85, I-20, U.S. Highway 78, Buford Highway and Peachtree Industrial Boulevard. The property also offers tenants walkable access to nearby shops, restaurants and hotels.

Located on 12 acres at 2000-2062 Weems Road, the business park’s diverse tenant roster includes Sonnen, a German energy firm that recently established its 26,000-square-foot U.S. headquarters and innovation center in the park. Other tenants include the Veterans Administration, Pure Red Marketing and WaveGuide Studios.

The acquisition is part Ackerman & Co.’s ongoing strategy of acquiring well-located, high-quality industrial space near Atlanta’s I-285 perimeter. These major acquisitions include Stone Mountain Industrial Park, a 4.1-million-square-foot business park encompassing 69 buildings in the Tucker/Stone Mountain submarket.

 

About Ackerman & Co.

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

Ackerman & Co. Grows Brokerage Group with Addition of Marcus Billie

Ackerman & Co. Grows Brokerage Group with Addition of Marcus Billie

New Brokerage Associate will Specialize in Office Tenant Representation

 

Atlanta, August 11, 2017 – Ackerman & Co., a full-service commercial real estate firm headquartered in Atlanta, announced today that Marcus Billie has been hired as a brokerage associate with a focus on representation of office clients.

 

In his role in Ackerman’s brokerage group, Billie will assist clients with strategic plan development, lease negotiations, market analysis, lease administration and other specialized services. Billie will partner with industry veteran Delmont “Del” Early III, vice president of Brokerage at Ackerman, to assist in the growth of tenant representation services, with the additional goal of enhancing relationships with buyers of office assets.

 

“Marcus brings a passion for real estate and a commitment to providing strategic services that enable clients to align their real estate needs with business goals,” said Early. “I’m confident he’ll step into this role and be a great asset as we continue to expand our office capabilities.”

 

Prior to entering the commercial real estate industry, Billie worked in the legal, banking and insurance sectors. He graduated from the University of South Carolina – Aiken with a degree in Business Administration with a concentration in Marketing. He received a Juris Doctorate from Florida State University’s College of Law.

 

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

 

Artemis Real Estate Partners, Ackerman & Co. and MLL Capital Acquire CHRISTUS Medical Portfolio

Artemis Real Estate Partners, Ackerman & Co. and MLL Capital Acquire 423,411-Square-Foot CHRISTUS San Antonio Medical Portfolio

 

Ownership to Reposition Assets to Serve Growing San Antonio Medical Market  

 

Atlanta, August 7, 2017 – A partnership between Artemis Real Estate Partners, Ackerman & Co. and MLL Capital has purchased a four-building medical office portfolio totaling 423,411 square feet in San Antonio, Texas. The on-campus properties are located in two clusters. Two buildings are in the San Antonio CBD, adjacent to the $175-million San Pedro Creek redevelopment. The other two buildings are in the South Texas Medical Center – the largest medical research, education and healthcare provider in South Texas.  

 

Santa Rosa Professional Pavilion (128,578 SF) and Rosa Verde Tower (123,324 SF), located in the San Antonio CBD, sit on the CHRISTUS Children’s Hospital of San Antonio campus, which recently underwent a $135-million renovation and expansion. Northwest Towers I and II (171,509 SF), located in the 900-acre South Texas Medical Center, are on the campus of CHRISTUS Santa Rosa Hospital – Medical Center.

 

The new ownership will invest $27 million into renovating and leasing the portfolio. The result will be a high-quality medical office environment that will support world-class medical professionals, serve the area’s growing patient population and meet the strong demand for outpatient services. Property upgrades will include new building lobbies, the addition of common area improvements, parking upgrades, and state-of-the-art elevators and mechanical systems. 

 

Lee Asher, Chris Bodnar and Scott Herbold of CBRE represented the undisclosed seller in the transaction. Ed Cross and Brent Smith of Cushman & Wakefield San Antonio Commercial Advisors advised the buyer. Chad Gunter of Transwestern will lead leasing efforts on behalf of the new owners.  

 

“It was an honor to work with our local expert partners and all the professionals at CHRISTUS to learn about the needs of the San Antonio community,” said Kris Miller, President of Ackerman & Co. “Our intent is to extend the success of the newly renovated Children’s Hospital into these buildings to create a first-class clinical environment for the delivery of medical care.” 

 

“As part of our mission to deliver top-quality medical space, our investment in these properties will be patient-centric, physician-friendly and community-minded,” said Kyle O’Connor, President of MLL Capital.   

 

“Medical office continues to be an asset class we believe has strong macro tailwinds and we are excited about the opportunity to reposition these assets into a best-in-class medical office portfolio,” added Rich Banjo, managing principal at Artemis.    

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion.

 

For more information on Ackerman & Co., visit www.ackermanco.com

 

About MLL Capital

 

MLL Capital, a Boston-based commercial real estate investor, pursues opportunistic and value add real estate investments in the medical office, laboratory and life sciences sector that create value through strategic capital investment, detailed repositioning and redevelopment plans with a strong focus on targeted leasing. Kyle O’Connor, its President and Founder, is an industry veteran with 25 years of commercial real estate investment and asset management experience across a broad range of property types, markets and risk strategies for investments totaling nearly $4 billion.

 

For more information on MLL Capital, please visit www.mllcapital.com.

 

About Artemis Real Estate Partners

 

Artemis Real Estate Partners invests with best-in-class local operating partners, both established and emerging, in multifamily, office, industrial, retail, hotel, medical office and senior housing across opportunistic, value added and enhanced core strategies. Artemis has raised more than $2.5 billion of investor capital across two commingled value-add/opportunistic fund vehicles, one commingled core plus healthcare real estate fund, and a series of emerging manager separate accounts with The New York State Common Retirement Fund, New York City Retirement Systems and the Illinois Municipal Retirement Fund. The firm is headquartered in the Washington DC metropolitan area with offices in New York, Los Angeles, and Atlanta. Artemis’ sole focus is U.S. commercial real estate. 

 

For more information on Artemis Real Estate Partners, please visit www.artemisrep.com.

Divaris Real Estate’s Hampton Roads Office Negotiates Five Transactions Totaling 14,305 Square Feet

Divaris Real Estate’s Hampton RoadsOfficeNegotiates Five Transactions Totaling 14,305 Square Feet

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of the following five transactions totaling 14,305 square feet of new and renewed office space.

 

New Transactions

Center for Autism and Related Disorders signed two leases, one for 4,070 square feet of office space in the Lynnhaven V building located 629 Phoenix Drive in Virginia Beach, Va; and the other for 2,696 square feet of office space at 4141 North Henderson Road in Arlington, Va.  Michael Divaris represented the tenant in both lease negotiations.

Dermalogicaleased 2,710 square feet of office space located 9080 Irvine Center Drive in Irvine, California.  Michael Divaris, Vivian Turok and Krista Costa represented the tenant in the lease negotiations.  Divaris has been the exclusive real estate representative of Dermalogica for over 16 years for its real estate requirements in the U.S. and Canada. DRE has completed over 30 transactions including securing business unit offices in major cities across the country, placement of a distribution center on the East Coast, and relocation of Dermalogica’s global operations headquarters and distribution facility in Los Angeles.

Select Resource Grouprenewed its lease for 2,850 square feet of office space in the Divaris-leased Parkway 4 Building located at 2697 International Parkway in Virginia Beach.  DRE’s Chris Bendit represented the landlord in the lease negotiations.

The Port of Hampton Roads ILA Federal Credit Unionrenewed its lease for 1,979 square feet of office space in the Divaris-leased and -managed HRSA-ILA Benefits Building located at 1355 International Terminal Boulevard in Norfolk, Va.  DRE’s Eric Hammond represented the landlord in the lease negotiations.

 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 31 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

Divaris Real Estate’s Hampton Roads Office Negotiates Three Transactions Totaling 14,863

                                                                                                                     Divaris Real Estate’s Hampton RoadsOfficeNegotiates Three Transactions Totaling 14,863 Square Feet

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of the following three transactions totaling 14,863 square feet of new and renewed commercial space.

 

New Transactions

The Oozlefinch Craft Brewery expanded its existing lease by 7,119 square feet to a total of 11,781 square feet in the Divaris-leased and -managed Fort Monroe Building 12 located at 81 Patch Road in Fort Monroe, Va.  DRE’s Elizabeth Napolitano and Chris Bendit represented the landlord in the lease negotiations.

 

United Medicalleased 1,380 square feet of office space in the Divaris-leased property located at 4652 Haygood Road in Virginia Beach, Va.  Napolitano and Elizabeth Paasch represented the landlord in the lease negotiations. 

 

Lease Renewal

The Honor Bridgerenewed its lease for 1,702 square feet of office space in the Divaris-leased Continental Windwood Centre located at 780 Lynnhaven Parkway in Virginia Beach.  DRE’s Vivian Turok and Paasch represented the landlord in the lease negotiations.

 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 31 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

17-story luxury apartment complex still slated for Birmingham’s Five Points South

                                                        17-story luxury apartment complex still slated for Birmingham's Five Points South

A 17-story luxury apartment building initially set to begin construction in Birmingham's Southside last year is still in the works, the developer said.

Atlanta-based Cortland Partners and Harbert Realty announced early last year that it was developing a 318-unit luxury apartment building at 2173 Highland Avenue South dubbed Vesta for the Roman goddess of the hearth, a female counterpart to the Vulcan, a symbol of the city of Birmingham.  

The development is set to include retail space, likely a restaurant, and a parking deck.

Construction was set to start in summer 2016, but that didn't happen.

The (construction) delay was based on what Cortland Partners felt would enable them to deliver this community into the most optimal market conditions, given construction costs, forecast new supply, and expected demand," Maks Goldenshteyn, a spokesman for the developer, said in an email.

No new construction start date has been set yet.

On Tuesday, the Birmingham City Council approved rezoning the subject property - located at 2163, 2169 and 2173 Highland Avenue and 2150 14th Avenue South - from B-2, General Business District to QB-3, Qualified Community Business District.

The council originally approved this rezoning in 2014, but the final advertisement didn't include qualified conditions on the property, planning staff said, during Tuesday's city council meeting. Tuesday's rezoning replaced the previous action by the council.

According to the developer, the building will be made up of studio, one- and two-bedroom apartments.

The apartments will have high-end finishes like stainless steel appliances and lights over the kitchen islands, Johnson said. The apartment will have amenities like a rooftop pool, fitness center and yoga room.

Divaris Real Estate’s Hampton Roads Office Negotiates Eight Transactions Totaling 31,669

                                                                        Divaris Real Estate’s Hampton RoadsOfficeNegotiates Eight Transactions Totaling 31,669 Square Feet

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of the following eight transactions totaling 31,669 square feet of new and renewed commercial space.

New Transactions

ASI Security leased 4,000 square feet of office/warehouse in Oyster Point Industrial Park located at 300 Ed Wright Lane in Newport News, Va.  DRE’s George Fox represented the tenant in the lease negotiations.

Zabb Restaurantleased 2,400 square feet of retail space in the Divaris-leased 5th Street Station located at 335 Merchant Walk Square in Charlottesville, Va.  The Southeast Asian restaurant joins Wegmans, Field & Stream and Dick’s Sporting Goods in 5th Street Station.  This will be Agile Hospitality’s second restaurant in Charlottesville.  DRE’s Mary McGovern, Erica Rorrer, Larry Agnew and Zach Means represented the landlord in the lease negotiations. 

Opus Wealth Strategiesleased 2,293 square feet of office space in the World Trade Center located at 101 West Main Street in Norfolk, Va.  DRE’s Jason Oliver and Alex Divaris represented the tenant in the lease negotiations.

A-Tech Systems leased 1,702 square feet of office space in the Divaris-leased Southport Trade Center located at 349 Southport Circle in Virginia Beach.   DRE’s Vivian Turok and Elizabeth Napolitano represented the landlord in the lease negotiations.

H&R Blockleased 1,400 square feet of retail space in the Divaris-leased Ahoskie Commons located at 1434 East Memorial Drive in Ahoskie, North Carolina.  Fox represented the landlord in the lease negotiations.   Other tenants in the center include Food Lion, Belk and Tractor Supply.

Lease Renewals

Vanasse Hangen Brustlinrenewed its lease for 12,823 square feet of office space in the Divaris-leased and -managed Two Columbus Center located at 4500 Main Street in the Town Center of Virginia Beach.  Michael Divaris, Vivian Turok, and Krista Costa represented the landlord in the lease negotiations.

California Pizza Kitchenrenewed its lease for 5,402 square feet of retail space in in the Town Center of Virginia Beach located at 200 Central Park Avenue.  Gerald Divaris, Erica Rorrer and Sezin Cortinas represented the landlord in the lease negotiations.

Applied Research Associatesrenewed its lease for 1,649 square feet of office space in the Divaris-leased Harbour Breeze Professional Center located at 1500 Breezeport Way in Suffolk, Va.  DRE’s Krista Costa and Katherine Olson represented the landlord in the lease negotiations.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 31 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

Harbert Realty Services Announces New Tenant Insight Global at Regions Harbert Plaza

                                                                           Harbert Realty Services Announces New Tenant Insight Global at Regions Harbert Plaza

Birmingham, AL – July 11, 2017 – Staffing firm Insight Global has signed a lease at Regions Harbert Plaza in Birmingham’s Central Business District. The space will have a high-end, open concept design, offering a unique work environment for this rapidly expanding firm.

“We are excited to have Insight Global as a tenant at Regions Harbert Plaza,” said Tanner Sumners, Vice President of Transaction Services at Harbert Realty and representing broker for the landlord. “We look forward to providing a fresh, modern office space for their business to thrive in.” Anita Turner and Jodi Selvey of Colliers International acted as brokers for the tenant.

 

Based in Atlanta, Insight Global is a premier provider of employment solutions to Fortune 500 customers across the United States and Canada. They provide long-term, short-term, temporary-to-permanent, placement staffing, and enhanced staffing services. Since their inception in 2001, they have experienced unprecedented growth within their industry, rapidly expanding from an Atlanta based start-up to one of the most successful staffing firms in America.

Divaris Real Estate Announces 149,575 Square Feet in Completed Transactions in June 2017

                                                                                                                        Divaris Real Estate Announces 149,575 Square Feet in Completed Transactions in June 2017

VIRGINIA BEACH, VA: Divaris Real Estate, Inc. (DRE), announced the completion of $11,669,597 in transactions totaling 149,575 square feet of property in the Hampton Roads, Washington DC, Richmond, Charlotte and Roanoke markets in June 2017.

Sales Transactions

  • Witchduck Medical Associates, LLC, purchased a 12,584-square-foot building at 4501 North Witchduck Road in Virginia Beach from Bayside Professional Associates for $875,000.  Krista Costa and Katherine Olson brokered the sale on behalf of the seller.
  • DDREG, LLC purchased a30,760-square-foot medical office building at 8921 Three Chopt Road in Henrico, Va from Tuckahoe II Associates for $975,000.  Peter Vick and Harrison Hall represented the seller.

New Transactions

  • Dollar Treeleased 10,178 square feet of retail space in 5th Street Station at 335 Merchant Walk Square in Charlottesville, Va.  Mary McGovern, Erica Rorrer, Zach Means and Larry Agnew represented the landlord.
  • Extreme Pizza leased 2,604 square feet of retail space in 5th Street Station.  McGovern, Rorrer, Means and Agnew represented the landlord.
  • CorTech leased 3,323 square feet of office space at Interstate Corporate Center at 400 North Center Drive in Norfolk, Va.  DRE’s Elizabeth Paasch represented the tenant.
  • SAS Comfort Shoes leased 1,500 square feet of retail space in Crossways Shopping Center at 1412 Greenbrier Parkway in Chesapeake, Va.  David Redmond represented the landlord.
  • Perfect Fit leased 1,400 square feet of retail space in Oakland Marketplace at 7265 US 64 in Oakland, Tennessee.  Gerald Divaris represented the landlord.
  • LaBelle Cottage leased 5,327 square feet of retail space in Gold’s Gym Plaza at 8906 J.W. Broad Street in Richmond.  Vick and Hall represented the landlord.
  • Mango leased 2,590 square feet of retail space in The Row at GreenGate at West Broad Street in Virginia Beach.  Eric Hammond represented the landlord.
  • Heartland Dental leased 4,068 square feet of retail space in Hanbury Village Shopping Center at 249 Hanbury Road East in Chesapeake.  Levi Thomson represented the landlord.
  • Magellan HRSC leased 3,024 square feet of office space in One Columbus Center in Virginia Beach.  Michael Divaris, Vivian Turok and Costa represented the landlord.
  • Ocean Crab leased 3,004 square feet of retail space in Salem Crossing Shopping Center at 2029 South Lynnhaven Parkway in Virginia BeachThomson represented the landlord.
  • NNE Group leased 1,541 square feet of office space in Windwood Centre at 780 Lynnhaven Parkway in Virginia Beach.  Turok and Paasch represented the landlord.
  • Cricket Wirelessleased 1,200 square feet of retail space in St. John’s Plaza at 3261 Garden Street in Titusville, Florida.   Gerald Divaris represented the landlord.
  • Rhoad & Companyleased 1,150 square feet of office space in Orchard Square Shopping Center at 1400 Kempsville Road in Chesapeake. Turok represented the tenant.
  • Kappatal Cuts Barbershop leased 1,000 square feet of retail space in Victory Crossing at 4000 Vicotry Boulevard in Portsmouth.George Fox represented the landlord.
  • Ideal Dental Care leased 3,160 square feet of retail space in Gold’s Gym Plaza.  Vick and Hall represented the landlord.
  • Hand & Stone Massage and Facial Spa leased 3,000 square feet in Virginia Center Station at 1080 Virginia Center Parkway in Glen Allen, Va.   Vick and Hall represented the tenant.
  • Lillian Jean Cox-Richardleased 2,000 square feet of office space at 709 Dawn Street in Richmond.  John Madures represented both the landlord and the tenant.
  • Golden Skillet leased 1,814 square feet of retail space in 360 West Shopping Centerat 7108 Hull Street Road in Richmond.  Sara Goodall represented the landlord. 
  • Fresh Chef leased 2,575 square feet of retail space in Providence Plaza at 2935 Providence Road in Charlotte, NC.Charles Neil represented the landlord. 
  • Michael Nguyen’s Nail Salon leased 1,500 square feet of retail space in Socastee Commons at 5022 Dick Pond Road in Myrtle Beach, SC.  Neil represented the landlord.   

 

Lease Renewals

 

  • Barnes & Noble renewed its lease for 28,420 square feet of retail space in Columbus Village at 4485 Virginia Beach Boulevard in Virginia Beach.  Gerald Divaris and Sezin Cortinas represented the landlord.
  • GameStoprenewed its lease for 1,700 square feet of retail space in Salem Crossing.  Thomson represented the landlord.
  • Cold Stone Creamery renewed its lease for 1,250 square feet of retail space at 550 Oyster Point Road in Newport News, Va.  Karen Beale represented the landlord.
  • Western National Life Insurance Co renewed its lease for 1,400 square feet of retail space in St. John’s Plaza.  Gerald Divaris represented the landlord.
  • Bon Secours Maryview Medical Center renewed its lease for 8,323 square feet of office space at 5551 Portsmouth Boulevard in Portsmouth.  Hammond and David Bickford represented the landlord.
  • Rack Room Shoes renewed its lease for 4,800 square feet of retail space in Crossways Shopping Center.  Redmond represented the landlord. 
  • J&H Nail renewed its lease for 1,300 square feet of retail space in Glenwood Shopping Center at 8401 Hampton Boulevard in Norfolk, Va.  Bickford represented the landlord. 
  • DiMaggio’s Pizzeria renewed its lease for 1,680 square feet of retail space in Renaissance Square at 11146 Renaissance Drive in Davidson, NC.  Neil represented the landlord.
  • OneMain Financial of South Carolinarenewed its lease for 1,400 square feet of retail space in North Hampton Market at 6005 Wade Hampton Boulevard in Taylors, SC.  Neil and Diana Teitsma represented the landlord. 

 

 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 31 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.  

Divaris Real Estate’s Hampton Roads Office Negotiates Three Transactions Totaling 19,941 Square Feet

                                                                                                                     Divaris Real Estate’s Hampton RoadsOfficeNegotiates Three Transactions Totaling 19,941 Square Feet

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of the following three transactions totaling 19,941 square feet of new and renewed commercial space.

New Transactions

Team Fishel Engineering of Virginia leased 8,723 square feet of office space at the Divaris-leased 130 Research Drive in Hampton, Va.  DRE’s Chris Bendit represented the landlord while Krista Costa and Katherine Olson of the Virginia Beach office of Divaris represented the tenant in the lease negotiations.

 

Lease Renewals

Town Center City Clubrenewed its lease for 8,368 square feet of retail space in Town Center of Virginia Beach located at 222 Central Park Avenue in Virginia Beach.  DRE’s Erica Rorrer, Sezin Cortinas and Gerald Divaris represented the landlord in the lease negotiations.  Town Center of Virginia Beach is leased and managed by Divaris Real Estate.   Other restaurant tenants in the mixed-use Town Center include:  Ruth’s Chris Steak House, The Cheesecake Factory, P.F. Chang’s China Bistro, California Pizza Kitchen, McCormick & Schmick’s, Yard House and Tupelo Honey Café. 

 

Select Resource Grouprenewed its lease for 2,850 square feet of office space in the Divaris-leased Parkway 4 Building located at 2697 International Parkway in Virginia Beach.  Bendit represented the landlord in the lease negotiations.

 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 31 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN’S PETER JANKOWSKI SELLS 85,539 SF OFFICE BUILDING IN DETROIT, MICHIGAN


                                                                                                                                                                     FRIEDMAN’S PETER JANKOWSKI SELLS 85,539 SF OFFICE BUILDING IN DETROIT, MICHIGAN

Farmington Hills, Michigan(July 5, 2017) –  Peter Jankowski, Vice President, Brokerage Services at Friedman recently arranged the sale of an 85,539 square-foot office building located at 440 East Congress Detroit, Michigan. The seller, 440 Congress LLC, sold the building to 311 Associates, LLC.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.
  

FRIEDMAN SELLS 10,992 SF RETAIL BUILDING IN CLAWSON, MICHIGAN

FRIEDMAN SELLS 10,992 SF RETAIL BUILDING IN CLAWSON, MICHIGAN

Farmington Hills, Michigan(June 29, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 10,992 square-foot retail building located at 1066-1072 West 14 Mile Rd in Clawson, Michigan. The seller, Kemerko Clawson LLC, sold the building to Noble Appliance, LLC.
 
Mike Koenigbauer, Vice President, Brokerages Services at Friedman represented the purchaser in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Ackerman & Co. Brokers Lease with Third-Party Logistics Provider at Stone Mountain Industrial Park

Ackerman & Co. Brokers 105,000 SF Lease with Third-Party
 Logistics Provider at Stone Mountain Industrial Park

 

 

Atlanta, June 27, 2017 – Ackerman & Co. has completed a five-year, 105,000-square-foot lease with Invision Logistics, a third-party logistics provider, at Stone Mountain Industrial Park in Tucker, Ga., northeast of downtown Atlanta. Invision Logistics will occupy the entire property located at 2232 Mountain Industrial Boulevard. They will use the space for storage and distribution for an undisclosed client.

 

The Ackerman & Co. industrial services leasing team of Brett Buckner and Major Martin represented the landlord in the transaction. Dianne Gay of Avery & Associates represented the tenant.

 

“Invision Logistics will benefit from Stone Mountain Industrial Park’s excellent interstate access,” said Buckner, senior vice president. “The park is also located within the Stone Mountain Community Improvement District, which has invested in significant streetscape, landscaping and infrastructure improvements to the surrounding area.”

 

2232 Mountain Industrial Boulevard is part of the 68-building, 4.1-million-square-foot Stone Mountain Industrial Park, a master-planned business park with a variety of distribution facility configurations, including front, rear and side-load designs up to 300,000 square feet.  Located at the highly visible intersection of Mountain Industrial Boulevard and Hugh Howell Road, the 105,000-square-foot distribution facility is three miles from I-285, providing convenient access to Atlanta’s extensive interstate highway network and major markets across the Southeast U.S. 

 

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

Divaris Real Estate’s Hampton Roads Office Brokers Sale of Office Building in Virginia Beach

                                                                                                                         Divaris Real Estate’s Hampton RoadsOfficeBrokers Sale of Office Building in Virginia Beach

 

 

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of the following sale of a 12,584-square-foot office building in the Hampton Roads, Virginia market.

 

Witchduck Medical Associates, LLC., purchased the single-story, multi-tenant building located at 4501 North Witchduck Road in Virginia Beach from Bayside Professional Associates for $875,000.   The classic brick exterior property is located adjacent to Sentara Independence hospital and will be owner-occupied.  DRE’s Krista Costa and Katherine Olson brokered the sale on behalf of the seller.  

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 29 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

Ackerman & Co. Signs 1 MSF Lease with Uline Inc.  at Braselton Logistics Center Northeast of Atlanta

Ackerman & Co. Signs 1 MSF Lease with Uline Inc.  at Braselton Logistics Center Northeast of Atlanta

Uline will consolidate distribution operations and establish its Southeast distribution hub  at the state-of-the-art facility.

 

Atlanta, June 12, 2017 – Ackerman & Co., in a joint-venture with The Yates Group and JAC Real Estate Investments, LLC., announced today it has pre-leased Braselton Logistics Center, a 1,000,821-square-foot bulk distribution facility, in its entirety to Uline Inc., North America’s leading distributor of shipping, packaging and industrial supplies. Uline has signed a 10-year lease with Ackerman and will combine the operations of two nearby distribution facilities in Gwinnett County into the state-of-the-art facility, which will serve as its Southeast U.S. logistics hub.

 

Located in Braselton, Ga., northeast of downtown Atlanta, Braselton Logistics Center will house administrative offices as well as storage and distribution space. Uline is scheduled to move into the facility in the first quarter of 2018. Construction will be completed in late 2017.

 

 “This lease represents a milestone for our company since it gives us the opportunity to establish a consolidated Southeast distribution center in Braselton that will meet the long-term distribution requirements of our growing business,” said Duke Uihlein, Vice President of Distribution at Uline. “We’re glad to be able to benefit the local economy by employing 450 workers at Braselton Logistics Center and expect to employ up to 600 workers at the facility within the next few years.”

 

Uline currently occupies 498,627 square feet in Duluth and 183,320 square feet in Buford.

 

“Uline is a highly successful company, with a reputation of investing in its workforce and in its community,” said Jackson County Commission Chairman Tom Crow.  “We are excited to welcome Uline to Jackson County.”

 

Brett Buckner of Ackerman & Co., Todd Yates of the Yates Group, and Julian Brown of Transwestern represented the landlord in the lease transaction. Dave Desper and Blaine Kelley of CBRE represented Uline.

 

 “Braselton Logistics Center held distinction of being one of the first, and maybe the first, 40 foot clear spec warehouses built in the southeast and is one of the few million-square-foot distribution centers available in metro Atlanta and we’re very pleased to provide Uline with a high-quality space that will accommodate their ongoing growth,” said Buckner, senior vice president at Ackerman & Co. “This long-term lease is a very satisfying culmination to a project that began with the assemblage of two parcels and the use of creative planning to position this large bulk facility on a challenging site with multiple grades.”

 

The cross-dock facility’s advanced design features include extra-high 40-foot clear heights, Ductilcrete warehouse floor slab, a white TPO roof with skylights, LED high-efficiency lighting, and parking space for 521 trailers and 639 cars. The facility’s office space will also be customized to Uline’s specifications.

 

Braselton Logistics Center is situated in Atlanta’s Northeast industrial submarket, one of the largest and most strategically positioned industrial hubs in the Southeast.  Interstate 85, the region’s major north-east highway, is accessible via two equidistant diamond interchanges 1.5 miles away from the facility. The diverse mix of tenants surrounding Braselton Logistics Center includes Mizuno, Hitachi, Whole Foods Markets, Havertys, Carters and Kichler.   

 

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

 

About Uline

 

Recognizing a local need for a shipping supply distributor, Liz and Dick Uihlein started Uline from their basement in 1980, offering the H-101 carton sizer (still offered today).  Uline is now North America's leading distributor of shipping, packaging and industrial supplies. To meet customer needs, product lines have expanded to include retail, safety, material handling, industrial and packaging materials.  Uline's 700+ page catalog reaches businesses nationwide, offering thousands of products with quick delivery. With over 5,000 North American employees, Uline has distribution centers near Chicago, IL; Minneapolis, MN; Allentown, PA; Los Angeles, CA; Atlanta, GA; Dallas, TX; and Seattle, WA. There are also locations in Mexicali and Monterrey Mexico and near Toronto and Edmonton Canada. For more information, visit www.uline.com

                                     

About The Yates Group

 

 

The Yates Group focuses on office and industrial build-to-suit as well as speculative development throughout the Southeastern United States. The company has been involved in the development of 53 office, office service and industrial buildings totaling more than 7,000,000 square feet with a value in excess of $870,000,000. For more information, visit www.theyatesgroup.net

FRIEDMAN NEGOTIATES THE LEASE OF A 5,673 SF FLEX SPACE IN ELK GROVE VILLAGE, ILLINOIS

FRIEDMAN NEGOTIATES THE LEASE OF A 5,673 SF FLEX SPACE IN ELK GROVE VILLAGE, ILLINOIS 

 

Chicago, Illinois(June 7, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently negotiated the lease of a 5,673 square-foot flex space located at 955 Busse Road in Elk Grove Village, Illinois.
 
Jeff Feste, CCIM, Vice President, Brokerage Services at Friedman, represented the tenant, Crystal Chem, Inc, in this transaction and Terry Herlihy, Senior Associate at NAI Hiffman, represented the owner, Regent O’Hare, LLC.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Harbert Realty Services Announces New Office In Orlando Headed by New Managing Director Josh Smith

                                                   Harbert Realty Services Announces New Office In Orlando Headed by New Managing Director Josh Smith

Thursday, June 1st, 2017 – Harbert Realty Services (HRS) announces new Orlando, Florida office. Harbert’s new Vice President and Managing Director Josh Smith will lead the new branch. Josh, a Florida native and University of Central Florida graduate, has meaningful experience in commercial real estate as well as being a successful business owner and entrepreneur.  Josh built and launched two start-up companies and, since 2011, has worked in the office, industrial and retail brokerage sectors in central and costal Florida. His experience as a business owner and sales executive has provided him with the ideal resume to execute a Florida growth strategy for HRS.

“Central Florida has been a great market for Harbert throughout the years. The decision to re-invigorate our brokerage and development presence here makes sense and now is the right time to do it,” Josh stated. “We have a long history in this market and a strong platform to grow from. The goal is to quickly build the right team, grow our services and expand our reach into the state as a southeast operation.”

Harbert Realty Services looks forward to further expansion in the Florida market. “We are pleased to have Josh Smith to lead our new Central Florida operation,” said David Williams, President and CEO of HRS. “Josh’s entrepreneurial and brokerage experiences are the perfect match for our firm’s growth strategy. Orlando will provide a logical step in the continued expansion of our Southeast footprint and client services platform.”

 

 

Ackerman & Co. Leases 28,275 SF to State Office of Vital Records & State Office of EMS and Trauma

Ackerman & Co. Leases 28,275 SF to State Office of Vital Records
& State Office of EMS and Trauma

The two state offices upgrade space with relocation to Class A Phoenix Office Park
 in Atlanta’s Airport/College Park submarket


Atlanta, May 18, 2017 – Ackerman & Co. recently signed a 15-year, 28,275-square-foot lease to the State Office of Vital Records and State Office of EMS and Trauma at 1680 Phoenix Boulevard, located in the eight-building, 330,000-square-foot Phoenix Office Park in College Park, Ga., near Hartsfield-Jackson Atlanta International Airport.


The Georgia Department of Public Health recently held a ribbon-cutting celebration to mark the opening of the new location for the two state offices, which relocated to Phoenix Office Park from 2600 Skyland Drive in Brookhaven. The Office of EMS and Trauma and the Office of Vital Records occupy the entire 1680 Phoenix Boulevard building, which is owned by Ackerman & Co.

 

Frank Farrell, senior vice president of Leasing for Ackerman & Co., represented the landlord in the lease transaction and Erin Smith of Cushman & Wakefield represented the tenant.

 

“Phoenix Office Park provides much-improved office space as well as a strong technology infrastructure that ensures the efficient operation of these vital state offices,” said Farrell. “The upgraded space will also enable the Office of Vital Records to carry out its plan to update its records storage. We’re very pleased to accommodate the long-term space needs of these two Department of Public Health offices.”

 

The Brookhaven building the Office of Vital Records and Office of EMS and Trauma had occupied was previously a 1940s-era school house.  1680 Phoenix Boulevard was built in 1991.

 

The two-story, Class A office building serves as administrative offices for the two tenants in addition to providing storage space for public health records.

 

The 100-acre Phoenix Office Park office campus features a conference facility and on-site security and management, and it is located only five minutes from the entrance of Hartsfield-Jackson Atlanta International Airport and near the College Park MARTA rail station.

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

Ackerman & Co. Arranges Sale of Auburn Area Development Assemblage

Ackerman & Co. Arranges Sale of Auburn Area Development Assemblage

Poised for luxury off-campus housing development targeting Auburn University students and faculty

 

Atlanta, May 4, 2017 – Full-service commercial real estate firm Ackerman & Co. has arranged the sale of a 3.40 acre, 13-parcel land assemblage along the northeastern corner of Gay Street and East Glenn Avenue in Downtown Auburn, within walking distance of area landmarks including the Auburn University Campus.

 

The assemblage, targeted for a six-story residential project with an expected 16,000 square feet of retail space at its base, was acquired by Landmark Properties, a real estate development and management firm of high quality student housing communities.  Ackerman & Co. Senior Vice Presidents Steve Langford and Sean W. Patrick were the exclusive agents for the sellers and acted as the intermediaries in the transaction.

 

“Given the high barriers of entry, it was a rare opportunity to acquire these parcels and in such close proximity to Auburn University,” said Langford. Such an endeavor did not come without challenges. The Ackerman & Co. team spent nearly two and a half years assembling the mix of 13 contiguous and non-contiguous land parcels, owned by 10 different families, some of whom lived out of state.   

 

The 683-bedroom complex, dubbed The Standard at Auburn, is slated to be one of the largest student-housing developments in the city. It will stand some 65 feet tall and offer state-of-the-art amenities including  rooftop infinity pool. Development is scheduled begin in Summer of 2017.

 

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

Divaris Real Estate Announces 62,148 Square Feet in Completed Transactions in April 2017

                                                                                                                Divaris Real Estate Announces 62,148 Square Feetin Completed Transactions in April 2017

VIRGINIA BEACH, VA: Divaris Real Estate, Inc. (DRE), announced the completion of $4,717,881 in transactions totaling 62,148 square feet of property in the Hampton Roads, Washington DC, Richmond, Charlotte and Roanoke markets throughout April 2017.

New Transactions

  • Saunders & Crouse Architectsleased 3,844 square feet of office space in Town Center of Virginia Beach, Va.  Michael Divaris, Vivian Turok and Krista Costa represented the landlord.
  • Crestline Hotels & Resorts leased 6,897 square feet of office space in One Columbus Center in Virginia Beach.  Michael Divaris, Turok and Costa represented the landlord.
  • Partner Payments leased 6,410 square feet of office space at 502 Viking Drive in Virginia Beach.  DRE’s Elizabeth Paasch and Elizabeth Napolitano represented the landlord.
  • W.M. Jordan Company leased 3,306 square feet of office space in the 1206 Laskin Road Building in Virginia Beach.  Turok and Paasch represented the landlord.
  • Potter’s House Christian Center leased 2,750 square feet of retail space in Mt. Pleasant Village Shopping Center in Chesapeake, Va.  Eric Hammond represented the landlord.
  • Dawn Link leased 1,500 square feet of retail space in Larkspur Square in Virginia Beach.  Hammond represented the landlord.
  • Sharps Barbershop leased 1,150 square feet of retail space in Pleasant Valley Marketplace in Virginia Beach.  Hammond represented the landlord.
  • Sweet & Simple leased 1,140 square feet of retail space in Berkshire Shoppes in Chesapeake.  Hammond represented the landlord.
  • Adrenaline Events leased 936 square feet of office space in Parkway 4 in Virginia Beach.  Chris Bendit and Eric Hammond represented the landlord.
  • Midas of Richmond purchased the former North American Transmission Building, 15,795 square feet of retail space at 1208 North Boulevard in RichmondDRE’s Read Goode and Cheryle Toy brokered the sale on behalf of the seller.
  • Seven Hills Wellness leased 4,511 square feet of office space in Tobacco Row in Richmond.  DRE’s Brett McNamee and Ali Newton represented the landlord.
  • T-Mobileleased 2,979 square feet of retail space in Marlow Heights Shopping Center in Temple Hills, Maryland. DRE’s Joseph Farina and Chris Saa represented the landlord.
  • Insight Investigations and Securityleased 1,307 square feet of office space in 360 West Shopping Center in Richmond. DRE’s Sara Goodall represented the landlord.

 

Lease Renewals

 

  • P.F.Chang’s China Bistro renewed its lease for 7,005 square feet of retail space in Town Center of Virginia Beach.  Gerald Divaris, Sezin Cortinas and Erica Rorrer represented the landlord.
  • Nails and Spaexpanded its space by 1,353 square feet renewed its lease of 1,265 square feet of retail space in Patterson Place in Durham, NC.  Diana Teitsma and Charles Neil represented the landlord.

 

 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 29 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.  

Divaris Real Estate’s Hampton Roads Office Negotiates Eight Transactions Totaling 24,089 Square Feet

                                                                                                Divaris Real Estate’s Hampton Roads Office Negotiates Eight Transactions Totaling 24,089 Square Feet

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of the following eight transactions in the Hampton Roads market totaling 24,089 square feet of commercial space.

 

Crestline Hotels & Resorts leased 6,897 square feet of office space in the Divaris-leased and -managed One Columbus Center in the Town Center of Virginia Beach, Va.  Michael Divaris, Vivian Turok and Krista Costa represented the landlord in the lease negotiations.

 

Partner Payments, LLCleased 6,410 square feet of office space located at 502 Viking Drive in Virginia Beach. DRE’s Elizabeth Paasch and Elizabeth Napolitano represented the landlord in the lease negotiations. 

 

W.M. Jordon Companyleased 3,306 square feet of office space in the 1206 Laskin Road Building in Virginia Beach.  Turok and Paasch represented the landlord in the lease negotiations.

 

Potter’s House Christian Centerleased 2,750 square feet of retail space in Mt. Pleasant Village Shopping Center located at 1457 Mt. Pleasant Road in Chesapeake, Va.   DRE’s Eric Hammond represented the landlord in the lease negotiations.

 

Dawn Linkleased 1,500 square feet of retail space in Larkspur Square located at 4720 Princess Anne Road in Virginia Beach.  Hammond represented the landlord in the lease negotiations.

 

Sharps Barbershopleased 1,150 square feet of retail space in Pleasant Valley Marketplace located at 4221 Pleasant Valley Road in Virginia Beach.  Hammond represented the landlord in the lease negotiations.

 

Sweet & Simpleleased 1,140 square feet of retail space in Berkshire Shoppes located at 1296 South Battlefield Boulevard in Chesapeake, Va.  Hammond represented the landlord in the lease negotiations.

 

Adrenaline Eventsleased 936 square feet of office space in Parkway 4 located at 2697 International Parkway in Virginia Beach.  DRE’s Chris Bendit and Eric Hammond represented the landlord in the lease negotiations.

 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 29 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN NEGOTIATES 27,730 SF INDUSTRIAL LEASE IN ROCHESTER HILLS, MICHIGAN

FRIEDMAN NEGOTIATES 27,730 SF INDUSTRIAL LEASE IN ROCHESTER HILLS, MICHIGAN

Farmington Hills, Michigan (April 3, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently negotiated the lease of 27,730 square feet of industrial space located at 2700 Bond Street, in Rochester Hills, Michigan. The landlord, Jay-R Development LLC, leased the space to Lightning Technologies, LLC.

Larry Schultz, Senior Associate, Brokerage Services at Friedman represented the tenant in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN ARRANGES 78,065 SF INDUSTRIAL BUILDING SALE IN FARMINGTON HILLS, MICHIGAN

                                     FRIEDMAN ARRANGES 78,065 SF INDUSTRIAL BUILDING SALE IN FARMINGTON HILLS, MICHIGAN

Farmington Hills, Michigan (April 3, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently arranged the sale of a 78,065-square foot industrial building located at 23300 Haggerty Rd. in Farmington Hills, Michigan. The seller, 23300 Haggerty Associates, sold the building to Humanetics Innovative Solutions, Inc.

Phil Konopitski, Senior Vice President, Brokerage Services at Friedman represented the purchaser in this transaction. 

ABOUT HUMANETICS INNOVATIVE SOLUTIONS, INC.

Headquartered in Plymouth, Michigan, Humanetics Innovative Solutions Inc. is the world’s leading developer and supplier of sophisticated anthropomorphic crash test dummy devices (ATD), load cells, assorted instrumentation, Finite Element computer simulation models, and associated technical support and consultancy services.


ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Divaris Real Estate Signs Hazen and Sawyer to Handcraft Building in Richmond’s Scott’s Addition

                                                                                                                                                            Divaris Real Estate Signs Hazen and Sawyer to Handcraft Building in Richmond’s Scott’s Addition

RICHMOND, VA:Divaris Real Estate, Inc. (DRE), announced the signing of a lease for a new tenant in Richmond’s Handcraft Building in the Scott’s Addition neighborhood.

Hazen and Sawyerleased 4,665 square feet of office space in the Divaris-leased, mixed-use Handcraft Building located at 1501 Roseneath Road in Richmond.   The global engineering firm specializes in water treatment facilities.  It joins other tenants in the property including: Evatran, the Richmond-based maker of wireless charging stations for electric vehicles; The Farenheit Group, a local finance, consulting and business advisory group; architecture and design studio 510 Architects; and Vasen Brewery and tasting room. 

Exclusive leasing agents on the building, Divaris Real Estate’s Read F. Goode, Jr. and Cheryle Toy represented the landlord in the lease negotiations.

The 87,000-square-foot HandCraft Building takes up an entire city block in the Scott’s Addition section of Richmond, from Roseneath Road to Mactavish Avenue between West Moore and West Leigh streets.  It was built by Binswanger Glass Co in 1946 and later bought and used by HandCraft Cleaners. 

Scott’s Addition has gone from an industrial district of older warehouse properties to an enclave of apartments, breweries, cideries, offices, and restaurants.   It is bordered by Interstate 195, railroad tracks, North Boulevard and West Broad Street. 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Washington, DC; and Beverly Hills, CA.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 29 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

Divaris Real Estate’s Charlotte Office Negotiates Two Lease Renewals Totaling 2,986 Square Feet

                                                                                                                                          Divaris Real Estate’s Charlotte Office Negotiates Two Lease Renewals Totaling 2,986 Square Feet

CHARLOTTE, NORTH CAROLINA: Divaris Real Estate, Inc. (DRE), announced the completion of the following transactions in North Carolina totaling 2,986 square feet of renewed retail space. 

Regional Finance Corporation of North Carolina renewed its lease for 1,586 square feet of retail space in the Divaris-leased and -managed Harper Hill Commons located at 5049 Country Club Road in Winston-Salem, NC.  Other tenants in the property include Harris Teeter, Papa John’s Pizza, Fast Med and 9 Round.  DRE’s Charles Neil represented the landlord in the negotiations. 

Jersey Mike’s Subs renewed its lease for 1,400 square feet of retail space in the Divaris-leased and -managed Alexander Pointe located at 850 Jake Alexander Boulevard in Salisbury, NC.  Other tenants in the shopping center include:  Harris Teeter, Novant and Great Clips.  Neil represented the landlord in the lease negotiations.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 29 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.  

Divaris Real Estate’s Hampton Roads Office Negotiates Three Transactions Totaling 9,560 Square Feet

Divaris Real Estate’s Hampton RoadsOfficeNegotiates Three Transactions Totaling 9,560 Square Feet

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of the following transactions in the Hampton Roads market totaling 9,560 square feet of commercial space.

 

New Lease Transactions

 

Coastal Pediatric Dental and Anesthesia leased 4,255 square feet of office space in Halifax Building located at 6161 Kempsville Circle in Norfolk, Va.  DRE’s Vivian Turok and Elizabeth Napolitano represented the tenant in the lease negotiations.

 

1st Advantage Federal Credit Unionleased 3,280 square feet of retail space in the Divaris-leased and -managed Five Columbus Center located at 4525 Columbus Street in Virginia Beach.  DRE’s Gerald Divaris and Erica Rorrer represented the landlord in the lease negotiations.

 

Lease Renewal

 

Sally Beauty Supplyrenewed its lease for 2,025 square feet of retail space in the Divaris-leased and -managed Salem Crossing Shopping Center located at 2029 Lynnhaven Parkway in Virginia Beach. Other tenants in Salem Crossing include: Wal-Mart and Kroger Training Center, SkyZone, Cato and Bangkok Garden.  Outparcels include McDonalds, Chick-Fil-A, Taco Bell, and Starbucks.  DRE’s Levi Thomson represented the landlord in the lease negotiations. 

 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases over 29 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS AND BROKERS RECEIVE PRESTIGIOUS COSTAR POWER BROKER AWARDS

                           FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS AND BROKERS RECEIVE PRESTIGIOUS COSTAR POWER BROKER AWARDS

Farmington Hills, Michigan (March 28, 2017) –Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, is pleased to announce that the following individuals in the Brokerage Services division were recently awarded the 2016 CoStar Power Broker Awards which honor the nation’s top brokerage firms and individuals in commercial real estate: Glenn N. DesRosiers, Senior Vice President, Brokerage Services; Rob Gagniuk, Associate, Brokerage Services; Todd Hawley, Senior Vice President, Brokerage Services; Alan Stern, Vice President, Brokerage Services; and Rich Deptula, National Director, Investment Advisory Services.
 
The awards are presented to the top 15 individuals in their field who closed the highest transaction volume in commercial property sales and leases in their respective market during the previous year. In the Detroit, metropolitan market, DesRosiers, Gagniuk and Hawley were recognized as Top Office Leasing Brokers, Stern as a Top Retail Leasing Broker and Deptula was recognized as a Top Sales Broker. In addition, Friedman was honored as a Top Leasing Firm and a Top Sales Firm, ranking in the top 15 firms in the Detroit metropolitan market. CoStar is the largest independent information provider to commercial real estate professionals in the United States.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Ackerman & Co. Completes Industrial Building Sale in Stone Mountain Industrial Portfolio

Ackerman & Co. Completes Industrial Building Sale in Stone Mountain Industrial Portfolio

 

24,833-square-foot building located 3 miles from I-285, within the Community Improvement District

 

Atlanta, March 28, 2017 – Ackerman & Co. has completed the $1.8 million sale of 1911 Mountain Industrial, a 24,833-square-foot, single-tenant industrial building within the company’s Stone Mountain Industrial Park located in the Tucker/Stone Mountain submarket of Atlanta, Ga.

 

With retail-quality location and a five-year lease term remaining, the building is fully occupied by Eckhart, one of the top electrical contractors in Georgia for the last 80 years.  The property was sold – in an off-market deal – to a local real estate investor.  Ackerman & Co. Senior Vice President Brett Buckner and Associate Major Martin represented the landlord in the transaction.

 

Ackerman & Co. acquired the 4.1-million-square foot Stone Mountain industrial portfolio in December 2016. Through careful improvements and on-site leasing and management, occupancy has increased to 91 percent, up from 84 percent at time of purchase. “This is a well occupied, cash flowing asset with tremendous upside potential,” said Brett Buckner. “Our buyer was excited about the opportunity to purchase a property with future redevelopment potential in a proven submarket,” he added.

 

The company has identified and is marketing additional buildings for sale at Stone Mountain Industrial Park and will continue to focus on the lease-up of existing vacancies.

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion.

 

For more information on Ackerman & Co., visit www.ackermanco.com

FRIEDMAN WELCOMES WILL RAMIREZ TO DEERFIELD BEACH FLORIDA OFFICE

                                                                                                                                                                                     FRIEDMAN WELCOMES WILL RAMIREZ TO DEERFIELD BEACH FLORIDA OFFICE

 

Deerfield Beach, Florida (March 22, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, is pleased to announce that Will Ramirez has joined the company as Associate, Brokerage Services in the company’s Deerfield Beach, Florida office.

Will works alongside the Friedman Brokerage Team in Deerfield Beach, assisting commercial property owners and tenants with leasing, acquisitions, dispositions, and advisory services for retail, office, multi-family, industrial, and land.

Will graduated from Florida International University in 2009 with a degree in finance.

“With his proven track record with clients, and his deep local market knowledge, Will is a great addition to our Florida team,” said Gary Goodman, Senior Managing Director, Brokerage and Innovation.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Ackerman & Co. Announces Off-Market 274,791-Square-Foot Acquisition in Atlanta’s I-20W/Fulton Indus

Ackerman & Co. Announces Off-Market 274,791-Square-Foot Acquisition in Atlanta’s I-20W/Fulton Industrial Submarket

 

 

Atlanta, March 2, 2017– Ackerman & Co., a full-service commercial real estate firm, announced today the recent acquisition of a three-building industrial portfolio in the Westgate Business Park in Atlanta, Ga. The three buildings (5215, 5245 and 5260 Westgate Drive) were purchased in an off-market deal from Clarion Partners, LLC for $7.55 million.

 

The three well-located, front-load, shallow-bay industrial buildings total 274,791 square feet and are fully occupied. Ackerman & Co.’s in-house team will provide leasing and management services for the new acquisition. The deal was facilitated by Cushman and Wakefield’s Stewart Calhoun and Casey Masters. The all-equity transaction was sourced through a new partnership with a leading European private equity group.

 

“The I-20W/Fulton Industrial Submarket continues to be a top performer with low vacancy and steady quarter-over-quarter average rental rate growth,” said Kris Miller, President of Ackerman & Co. “We are very excited about this opportunity to purchase highly functional industrial properties in a key submarket,” he added.

 

The company plans to continue expanding and upgrading its industrial real estate presence, primarily through shallow-bay and bulk industrial acquisitions, throughout of Metro Atlanta. Ackerman & Co. is currently developing a 1,000,812-square-foot bulk distribution center in the I-85 Northeast Atlanta submarket.

Divaris Brokers Sale of Two Southside Hampton Roads Properties

Divaris Brokers Sale of Two Southside Hampton Roads Properties

VIRGINIA BEACH, VIRGINIA – Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced that DRE handled the sale of a multi-family property in Virginia Beach and a land parcel in Suffolk, Virginia. 

The Residential Corporationpurchased Dadson Arms Apartments, a 29-unit apartment community located on 1.47 acres in the heart of Chic’s Beach at 4777 Dadson Court in Virginia Beach.  George Fox of DRE’s Virginia Beach office brokered the deal on behalf of the buyer.  The seller was Sinclair Corp. 

Breakfast One, LLCpurchased one acre of outparcel land in the Divaris-leased Hampton Roads Crossing located on University Boulevard in Suffolk.  The site will be used to develop a freestanding Village Innrestaurant immediately to the south of the existing Zaxby’s.  DRE’s Levi Thomson brokered the sale on behalf of the seller, Terry Peterson Investment Thirty, LLC.   The retail component of the mixed-use, 40-acre Hampton Roads Crossing fronts College Drive and is anchored by Kroger Marketplace with junior anchors: Michael’s, Ross Dress for Less, DSW, fiveBelow, ULTA and Petco.  Additional outparcels on the site include: Express Oil, Texas Roadhouse and Rite Aid. 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 29 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

DRE’s Hampton Roads Office Completes Five Lease Transactions

DRE’s Hampton RoadsOfficeCompletes Five Lease Transactions

VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of five leases totaling 14,086 square feet of new and renewed office space throughout the Hampton Roads region.  Negotiations were handled through the Virginia Beach, Virginia, office of DRE.

Virginia Eye Consultants leased 5,000 square feet of office space located at 2234 Cunningham Avenue in Hampton, Va.  Virginia Eye Consultants has been providing state-of-the-art eyecare to the Hampton Roads community for more than 50 years.  Divaris’ Vivian Turok and Elizabeth Greer Napolitano represented the tenant in the lease negotiations with the landlord, 2234 Cunningham Drive, LLC.

Congressman Scott Taylor leased 2,750 square feet of office space in the Divaris-leased and -managed One Columbus Center located at 283 Constitution Avenue in Virginia Beach, Va.  Scott William Taylor is the United States Representative for Virginia's 2nd congressional district. Michael Divaris, Vivian Turok and Krista Costa handled the lease negotiations on behalf of the landlord, Columbus Tower, LLC.  Congressman Taylor was represented by Divaris’ Jason Oliver and Alex Divaris.   

Family Preservation Services renewed its lease for 2,576 square feet of office space in the Divaris-leased property located at 1450 Kempsville Road in Virginia Beach.  Family preservation services are short-term, family-focused services designed to assist families in crisis by improving parenting and family functioning while keeping children safe. DRE’s Costa and Katherine Olson represented the landlord, Preferred Medical Partners, in the lease negotiations.

Inomedic Health Application renewed its lease for 2,200 square feet of office space in the Divaris-leased and -managed Harbour Centre located at 2 Eaton Street in Hampton, Va.  IHA offers the full spectrum of solutions for health, safety and environmental challenges, including direct clinical care, health systems management, aviation safety and health support services, environmental protection or industrial hygiene programs, advance education and training initiatives, and biomedical research consultation.  DRE’s Chris Bendit represented the landlord, Armada/Hoffler Hampton Centre, in the lease negotiations.

Ron Zoby Tours leased 1,560 square feet of office space in the Divaris-leased Village Commons located at 620 Village Drive in Virginia Beach.   With over 29 years in the business, Ron Zoby Tours are independent casino marketing representatives serving customers in Virginia, North Carolina, South Carolina, and West Virginia, with accommodations at the best casino resorts in the US and the Caribbean.  DRE’s Eric Hammond represented the landlord, Village Drive Commons, LLC, in the lease negotiations.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 29 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN NEGOTIATES 7,818 SF INDUSTRIAL LEASE IN PALATINE, ILLINOIS

FRIEDMAN NEGOTIATES 7,818 SF INDUSTRIAL LEASE IN PALATINE, ILLINOIS

Chicago, IL(February 16, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently negotiated the lease of 7,818 square feet of industrial space located at 501 Vermont St in Palatine, Illinois. The landlord, 501 Vermont Street Partners, LLC, leased the space to PMMG, Inc.

Headquartered in Bensenville, Illinois, PMMG has been providing multimedia and audio visual services since 1999. PMMG provides customer solutions for special events, corporate meetings, concerts and more by providing sound, lighting, video, lasers, atmospherics and full staging. 

Jeff Feste, CCIM, Vice President, Brokerage Services at Friedman represented the tenant in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Divaris Handles Leases in Multiple Markets

                                                                                                                                                                            Divaris Handles Leases in Multiple Markets

 

VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the completion of four leases totaling 33,677 square feet of new and renewed space in several states.  Negotiations were handled through the Virginia Beach, Virginia, office of DRE.

Clark Nexsen renewed its lease for 26,542 square feet of office space located at 440 Martin Luther King, Jr. Boulevard in Macon, Georgia.  Clark Nexsen is a fully integrated architecture and engineering firm with nearly 400 employees, 10 offices, a global reputation for excellence, and clients large and small in markets ranging from infrastructure to K-12.  Michael Divaris represented the tenant in the lease negotiations with the landlord, RCR Properties, LLC.

Dermalogica leased 3,200 square feet of office space located at 499 7th Avenue in New York, New York.  Michael Divaris, Krista Costa and Vivian Turok represented the tenant in the lease negotiations with the landlord. 

Dermalogica also leased 2,735 square feet of office space in Hacienda Plaza located at 5674 Stoneridge Drive in Pleasanton, California.  Divaris, Costa and Turok represented the tenant in the lease negotiations with the landlord Hacienda Portfolio Venture, LLC. 

Divaris has been the exclusive real estate representative of Dermalogica for over 16 years for its real estate requirements in the U.S. and Canada. DRE has completed over 30 transactions including securing business unit offices in major cities across the country, placement of a distribution center on the East Coast, and relocation of Dermalogica’s global operations headquarters and distribution facility in Los Angeles.

Dermalogica’s products are found in more than 6,500 preferred skin treatment centers, salons and spas around the world. Over 20 years ago, Dermalogica entered the skin care industry to shift the focus of care and products towards skin health and away from esthetic beauty, emphasizing personalized results through prescribed home care, rather than luxury, indulgence and pampering. 

Advance America Cash Advance leased 1,200 square feet of retail space in the Divaris-managed St. John’s Plaza Shopping Center located at 3237 Garden Street in Titusville, Florida.  Advance America  is a nationally-recognized, fully-accredited financial company, one of the nation’s largest consumer lending companies, with more than 2,100 locations offering a variety of financial services. Gerald Divaris represented the landlord, American General Life Insurance Company, in the lease negotiations.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 29 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN LEASES 7,512 SF OF OFFICE SPACE IN TROY, MICHIGAN

Farmington Hills, Michigan (February 14, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased 7,512 square feet of office space located at North Troy Corporate Park, 800 Tower Drive, Suite 225 in Troy, Michigan. The landlord, 800 Tower NTCC LLC, leased the office space to Nifco American Corporation.
 
David Friedman, Executive Managing Director, CEO at Friedman and Robert Gagniuk, Associate, Brokerages Services at Friedman represented the landlord in this transaction.
 
ABOUT NIFCO AMERICAN CORPORATION

Nifco is a leading supplier of plastic fasteners globally. Industries worldwide – including automotive, electronics, telecommunications, home appliance, office equipment and fashion – look to Nifco for the design and manufacturing of custom injection molded plastic components and assemblies.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN LEASES 8,000 SF OF OFFICE SPACE IN SOUTHFIELD, MICHIGAN

FRIEDMAN LEASES 8,000 SF OF OFFICE SPACE IN SOUTHFIELD, MICHIGAN

Farmington Hills, Michigan (February 7, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased 8,000 square feet of office space located at 29777 Telegraph Rd, Suite 31007 in Southfield, Michigan. The landlord, Onyx Southfield LLC, leased the office space to Peoples Bank, a Kansas Corporation.

David Friedman, Executive Managing Director, CEO at Friedman, Jordan Friedman, Associate, Brokerage Services at Friedman and Greggory Kent, Associate, Brokerage Services at Friedman represented the landlord in this transaction.

For listing information visit: www.friedmanrealestate.com/listing/onyx/

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN LEASES 60,000 SF OF INDUSTRIAL SPACE IN BELVIDERE, ILLINOIS

FRIEDMAN LEASES 60,000 SF OF INDUSTRIAL SPACE IN BELVIDERE, ILLINOIS

Farmington Hills, Michigan (February 6, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased 60,000 square feet of industrial space located at 3915 Morreim Dr in Belvidere, Illinois. The landlord, Stag Industrial Development, leased the space to syncreon.
 
syncreon is the leading specialized contract logistics company consistently recognized for its operational excellence, customer integration and creation of great opportunities for employees and stakeholder value. Syncreon North America headquarters are located in Auburn Hills., Michigan with numerous locations around the world.

Bob Dabrowski, Senior Vice President, Industrial/Global Supply Chain Brokerage Services at Friedman represented the tenant in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN SELLS 33,294 SF OFFICE/FLEX BUSINESS PARK IN LIVONIA, MI

                                                                          FRIEDMAN SELLS 33,294 SF OFFICE/FLEX BUSINESS PARK IN LIVONIA, MI

Farmington Hills, Michigan (February 2, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 33,294 square foot office/flex business park located at 38019-38035 Schoolcraft Rd, in Livonia, Michigan. The seller, 38019-38035 Schoolcraft Drive Association, LLC, sold the building to Todal, LLC.

Steve Eisenshtadt, Senior Vice President, Brokerage Services at Friedman and Amit Hingorani, Associate, Brokerage Services at Friedman represented the seller in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Divaris Appointed to Manage Harbourside North in Washington DC

                                                                                                                                                                                                              Divaris Appointed to Manage Harbourside North in Washington DC

TYSONS CORNER, VIRGINIA:Joseph Farina, director of the Washington, DC office of Divaris Real Estate, Inc. (DRE), announced the company’s appointment as property manager of Harbourside North, located at 2900 K Street, NW in Washington, DC.  

The 127,308-square-foot modern building was constructed in 2008.  It features seven luxury residential condos and over 100,000 square feet of Class A office space on the Georgetown waterfront.  Tenants in Harbourside include:  Katten Munchin Rosenman, LLP; Sedgwick, LLP; JM Zell; City Interests and the Embassy of Liechtenstein. 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations  

FRIEDMAN LEASES 10,125 SF OF OFFICE SPACE IN TROY, MICHIGAN

FRIEDMAN LEASES 10,125 SF OF OFFICE SPACE IN TROY, MICHIGAN

Farmington Hills, Michigan (January 31, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased 10,125 square feet of office space in Timberland Office Park located at 1450 W Long Lake, Michigan. The landlord leased the office space toAuto Club Services, a subsidiary of AAA - The Auto Club Group.
 
Glenn N. DesRosiers, Senior Vice President, Brokerage Services at Friedman and Todd A. Hawley, Senior Vice President, Brokerage Services at Friedman represented the landlord in this transaction.

ABOUT AAA
AAA in Michigan celebrated its 100th Anniversary - A Century of Service last  year and has over 1.4 million members across the state. It is part of The Auto Club Group (ACG), the second largest AAA club in North America.  ACG and its affiliates provide membership, travel, insurance and financial services offerings to more than 9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.  ACG belongs to the national AAA federation with more than 56 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.
 

Divaris to Lease 130 Research Drive in Hampton

Divaris to Lease 130 Research Drive in Hampton


VIRGINIA BEACH, VIRGINIA:Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the assignment by Mooring Financial Corporation for DRE to handle the leasing of office space at 130 Research Drive in Hampton, Virginia. 

Chris Bendit and Eric Hammond of the Virginia Beach office of Divaris are the agents in charge of the leasing of the 50,000-square-foot, Class B office building located in the Langley Research and Development Park.  Situated one half mile from Langley Air Force Base and NASA facilities, 130 Research Drive is in a Virginia Enterprise Zone.  The building was constructed in 2003 with a parking ratio of 5 spaces per 1,000 square foot leased.  Available suite sizes range from 3,177 to 25,000 square feet of office space. 

Founded in 1982 and based in Tysons, Virginia, Mooring Financial Corporation is a private investment firm that manages alternative assets for high net worth individual and institutional investors.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

Divaris Brokers Sale of 2020 General Booth Boulevard for $1.6 Million

                                                                                                                                                                   Divaris Brokers Sale of 2020 General Booth Boulevard for $1.6 Million

VIRGINIA BEACH, VIRGINIA – Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced that DRE represented Chardave 2020, LLC in the $1.6 million sale 2020 General Booth Boulevard in Virginia Beach to H2H Group Chadswyck, LLC. 

Jason Oliver, CCIM, and Vivian Turok comprised the team from Divaris Real Estate that brokered the deal.  Turok and Oliver also represented the previous owner in the original acquisition of the property in August 2014 for $600,000.   The property then underwent an extensive renovation. 

The two-story office property was 95 percent leased at the time of the sale.  Virginia Eye Consultants occupies the entire first floor.  Divaris Real Estate has been the leasing agent for the property.  Turok and DRE’s Elizabeth Napolitano leased the building from approximately three-quarters vacant to 95 percent occupied prior to the Investment Sales Group taking the property out to market for sale.  Divaris Property Management Corp will manage 2020 General Booth Boulevard for the new owner. 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

Divaris Brokers Sale of Union Bank Building for $3.35 Million

                                                                                                                 Divaris Brokers Sale of Union Bank Building for $3.35 Million

NEWPORT NEWS, VIRGINIA – Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced that DRE represented NN Plaza, L.P. in the $3.35 million sale of Union Bank Building located at 603 Pilot House Drive in Newport News to a private investor based in the Richmond, Virginia area.   Jason Oliver, CCIM, and Alex Divaris, CCIM comprised the team from Divaris Real Estate’s Investment Sales Group.

Union Bank Building is a 34,704-square-foot, four-story Class A office building with a two-story atrium lobby.  Its tenants include: Union Bank, Union Mortgage, Chesapeake Bay Management and Goldbelt. 

“This asset was attractive to a number of investors due to its strong location within Newport News’ top office submarket, Oyster Point, as well as its strong tenancy and staggered rollover schedule,” said Jason Oliver, CCIM, vice president of DRE’s Investment Sales Group. 

Karen Beale, SIOR, with Divaris’ Peninsula office, leased up the building to full occupancy prior to the Investment Sales Group taking the property out to market for sale.  DRE will retain leasing and management of Union Bank Building for the new owner. 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/)a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN NEGOTIATES 5,431 SF OFFICE LEASE IN LIVONIA, MICHIGAN

                                                                                                                                                                         FRIEDMAN NEGOTIATES 5,431 SF OFFICE LEASE IN LIVONIA, MICHIGAN


Farmington Hills, Michigan (January 18, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently negotiated the lease of 5,431 square feet of office space at Seven Mile Crossing III located at 38695 Seven Mile Rd. in Livonia, MI. The landlord, Universal Properties Three, LLC, leased the space to VACO Detroit, LLC.

VACO is headquartered in Brentwood, Tennessee and has more than 30 offices across the country. Since 2002 VACO has been matching consulting solutions, project and direct hire professionals with the talent and resource needs of clients across all industries, for more information visit www.vaco.com.

Todd Hawley, Senior Vice President, Brokerage Services at Friedman and Steve Eisenshtadt, Senior Vice President, Brokerage Services at Friedman represented the landlord in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

 

Harbert Realty Services’ Historic Federal Reserve Renovation Nears Completion

Harbert Realty Services’ Historic Federal Reserve Renovation Nears Completion

 

Birmingham, AL – January 11, 2017 – The much-awaited, $20 million renovation of the Historic Federal Reserve is nearing completion.

 

The Historic Federal Reserve is an 85,000 square-foot office and retail building located at 1801 5th Avenue North, in the heart of downtown Birmingham, Alabama. Built in 1927 and subsequently expanded in 1958 with the annex building, the Federal Reserve housed the Atlanta branch of the Federal Reserve Bank until 2000, and was acquired by Capstone Real Estate Investments and Harbert Realty in 2014.

 

Today, the building has been restored to its former architectural glory. A few restorations are as follows: previously bricked up windows in the lobby have once again been opened to restore natural light to the space; the building’s many vaults have been restored and converted into usable, unique spaces; the 1958 annex building has been converted into Class A office space with unique charm. Williams Blackstock is the architect and Hoar Construction is the general contactor on this historic renovation.

 

Currently, the building’s anchor tenants consist of Hand Arendall, occupying 21,000 square feet on the 4th and 5th floors of the annex, and Urban Cookhouse, occupying 3,800 square feet on the ground floor of the annex space.

 

Hand Arendall, is a full-service law firm, providing its clients with legal services in all areas of traditional civil practice. The firm was organized in 1941 and has more than 65 lawyers, making it one of the largest law firms in the State of Alabama.

 

Urban Cookhouse is a farm-to-table restaurant serving healthy, delicious dishes. They are currently expanding their business in Alabama and throughout the Southeast. 

 

The committed tenants will inhabit 45% of the leasable space. Hand Arendall and Urban Cookhouse are set to open for business within the next two months. 

 

 

About Harbert Realty Services, LLC

Harbert Realty Services (HRS), a Birmingham-based commercial real estate firm that offers clients expertise in a full range of commercial real estate services including brokerage, development, management and accounting. As a majority owned subsidiary of Harbert Management Corporation (http://www.harbert.net), HRS has the strength and flexibility of its parent company. HRS’s mix of experience, resources and global reach offers clients a comprehensive array of customized services in the commercial real estate market. For more information on current commercial real estate opportunities visit their website at http://www.harbertrealty.comor contact them at 205-323-2020.

 

Friedman Integrated Real Estate Solutions Celebrates Best in Class Solutions for 30 Years

Friedman Integrated Real Estate Solutions Celebrates Best in Class Solutions for 30 Years

Farmington Hills, Michigan (January 10, 2017) Friedman Integrated Real Estate Solutions proudly announces that 2017 marks their 30-year anniversary.

David Friedman and Stan Finsilver established the Friedman Real Estate Group and Finsilver Friedman Management Company in 1987. Starting as a provider of local commercial management and brokerage services, Friedman provided excellent service and results to its clients. David and Stan worked closely with their clients and quickly saw the opportunity for growth and better results through providing more services to their clients under one roof. They added additional team members, some of whom are still with the company all these years later, and continued to grow both in size and service lines. As the company grew, the company unified its service lines under the name of Friedman Integrated Real Estate Solutions.

Over the years, Friedman has expanded into a comprehensive full service one stop commercial real estate business solution. Service lines include Brokerage, Construction & Design, Consulting & Advisory Services, Commercial & Multi-family Management, Facility Management, Due Diligence, Lease Management, and Acquisitions. This provides our clients with a comprehensive and effective solution for all of their commercial real estate needs. Friedman currently represents clients in 27 states and manages more than 16 million square feet of commercial space and 10,000 apartment homes. Brokerage services has expanded into Ohio, Florida, and Illinois with a Texas office scheduled to open in 2017. Construction and Design services has expanded five-fold in the last five years and is actively growing its third-party construction management and general contracting services in 2017 and beyond.

David Friedman, President and CEO, states, “As our service lines grew we created Friedman Integrated Real Estate Solutions to better signify who we are, a fully integrated commercial real estate company Creating Value Beyond Real Estate.”

“I’m most proud of our highly talented team,” said Stan Finsilver, Executive Vice President “Over the last thirty years, David and I have had the good fortune to bring together the best and the brightest from a variety of professional backgrounds to deliver our clients the most comprehensive services possible.”

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN SELLS A 64,608 SF OFFICE BUILDING IN JACKSONVILLE, FLORIDA

FRIEDMAN SELLS A 64,608 SF OFFICE BUILDING IN JACKSONVILLE, FLORIDA

Deerfield Beach, Florida(January 9, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 64,608 square foot office building located at 435 Clark Road Jacksonville, Florida. The seller, 435 Clark Road, LLC, sold the office building to 435 Clark Road Holdings, LLC.

The property was only 16% occupied at the time of the sale. The New York based investment group that purchased the building plans to renovate and begin to lease up the property with regional and local tenants. “This sale represents how the northern Jacksonville sub market has still not recovered from the recession and provided a great opportunity for the buyer to purchase at below market and replacement value” said Daniel Otten.

Daniel Otten, Vice President, Brokerage and Advisory Services at Friedman and Rich Deptula National Director, Investment Advisory Services at Friedman represented the buyer and the seller in this transaction.


ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout Florida and the United States. Headquartered in Farmington Hills, Michigan, Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Harbert Realty Services Announces Three New Anchor Tenants at Alabaster Landing Retail Center

Harbert Realty Services Announces Three New Anchor Tenants at Alabaster Landing Retail Center

 

Harbert Realty Services Announces Taziki’s, Jimmy John’s, and Pizza Hut as new anchor tenants at Alabaster Landing, in Alabaster, Alabama.

 

Taziki’s, a Mediterranean café focusing on healthy and delicious meals, will occupy 3,030 square feet of space at the center.

 

Jimmy John’s, a gourmet sandwich shop using fresh, local ingredients, and Pizza Hut, a restaurant chain with menu including pizza, pasta and sides, are already open for business at the center.  

 

Alabaster Landing is the most recent retail development for Harbert Realty, located adjacent to Shelby Baptist Medical Center. “Our development philosophy was derived from the lack of fast casual restaurants within walking distance to the Hospital,” stated James Proctor, Vice President of Retail Development and leasing agent for the project, “Alabaster Landing satisfies the void of high quality new restaurants to the City of Alabaster.” Currently, only two spaces remain available for lease at the center.

 

Harbert Realty is developer of Alabaster Landing in partnership with Fairway Investments.

 

 

About Harbert Realty Services, LLC

Harbert Realty Services (HRS), a Birmingham-based commercial real estate firm that offers clients expertise in a full range of commercial real estate services including brokerage, development, management and accounting. As a majority owned subsidiary of Harbert Management Corporation (http://www.harbert.net), HRS has the strength and flexibility of its parent company. HRS’s mix of experience, resources and global reach offers clients a comprehensive array of customized services in the commercial real estate market. For more information on current commercial real estate opportunities visit their website at http://www.harbertrealty.comor contact them at 205-323-2020.

 

 

FRIEDMAN SELLS AN 11,700 SF OFFICE BUILDING IN OXFORD, MICHIGAN

FRIEDMAN SELLS AN 11,700 SF OFFICE BUILDING IN OXFORD, MICHIGAN

Farmington Hills, Michigan (January 3, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 11,700 square foot office building known as Oxford Professional Center located at 837 S. Lapeer in Oxford, Michigan. The seller, Oxford Professional Center, LLC, sold the office building to Leopard & Polar Bear Properties, LLC.

The buyer has intentions to renovate the building and lease out office and medical suites. For availability information visit:www.friedmanrealestate.com/listing/837-s-lapeer-road

Larry Schultz, Senior Associate, Brokerage Services at Friedman represented the seller in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Harbert Realty Services Announces New Chief Financial Officer Maria Goldschmidt

                                                                                                                                                   Harbert Realty Services Announces New Chief Financial Officer Maria Goldschmidt

 

Tuesday, January 3, 2017– Harbert Realty Services announces Maria Goldschmidt as new Chief Financial Officer. Maria provides years of leadership and depth of experience in commercial real estate accounting, investor relationships, and financial reporting.

 

“I’ve long admired Harbert Realty for the quality of their service to clients and their dynamic, strategic approach to commercial real estate,” Maria stated. “That’s why I am excited to join its leadership team at a time when so many opportunities for growth have emerged – for both the company and the region.”

 

Prior to joining Harbert Realty Services, Mrs. Goldschmidt served as Vice President, Finance, at Graham & Company, for fifteen years. Prior to that, she held various roles with Vulcan Materials Company in internal audit, corporate accounting and tax.

 

“We are very pleased to have Maria join our firm,” said David Williams, Chief Executive officer at Harbert Realty. “She brings a wealth of knowledge and industry experience to our business and real estate platforms hat will be invaluable as we grow our markets and expand our opportunities.”

 

Maria has a Bachelor of Science in Finance from Auburn University, an Accounting degree from Birmingham Southern College and is a Certified Public Accountant.

 

 

 

About Harbert Realty Services, LLC

Harbert Realty Services (HRS), a Birmingham-based commercial real estate firm that offers clients expertise in a full range of commercial real estate services including brokerage, development, management and accounting. As a majority owned subsidiary of Harbert Management Corporation (http://www.harbert.net), HRS has the strength and flexibility of its parent company. HRS’s mix of experience, resources and global reach offers clients a comprehensive array of customized services in the commercial real estate market. For more information on current commercial real estate opportunities visit their website at http://www.harbertrealty.comor contact them at 205-323-2020.

Divaris Completes Five Transactions for 20,329 SF in Richmond

Divaris Completes Five Transactions for 20,329 SF in Richmond

RICHMOND, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of four leases and one sale totaling 20,329 square feet of commercial space in Richmond, Virginia.  Negotiations were handled by the agents of DRE’s Richmond office.

Ron Keidel Engineeringpurchased a 11,756-square-foot office/warehouse building located at 126 Agency Avenue in Richmond for $430,000. The electrical engineering, design and programming company specializes in city and state utility engineering projects.   DRE’s John Madures represented the seller, DBK Properties, LLC, in the sale. 

Bowen, Champlin & Foreman, PLLC leased 2,698 square feet of office space in the Divaris-leased Landmark Office Park located at 8716 Landmark Road in Richmond. Since 1997, the firm has offered legal representation in many and varied areas of law, including criminal and traffic charges, juvenile and domestic, civil litigation, business, contract law, personal injury law, creditors’ rights advocacy, real estate, and estate planning.  Madures represented the landlord, Scott Douglas Corp., in the lease negotiations.  

T-Mobile leased 2,600 square feet of retail space in the Divaris-leased property located at 11591 West Broad Street in Glen Allen, Virginia.  Headquartered in Bellevue, Washington, T-Mobile USA is a national provider of wireless voice, messaging, and data services capable of reaching over 308 million Americans where they live, work, and play.  This location, along with co-tenant For Eyes Optical, is ideally situated across from Short Pump Town Center.  Divaris’ Zachary Means handled the lease on behalf of the landlord, TF, LP. 

AMC Technology leased 1,676 square feet of office space in the Divaris-leased Chesterman Place located at 100 West Franklin Street in Richmond.  The historic property in downtown Richmond is also the site of VirginiaSAVES; Duane, Hauck, Davis & Gravatt, PC; Richmond Center for Tax Relief and the Virginia League of Conservation Voters.  The landlord, Douglas Development, was represented by DRE’s Brett McNamee and Ali Newton, in the lease negotiations.

Tom Pearson State Farm Insurance leased 1,599 square feet of office space in the Divaris-leased and –managed Fountain Park located at 9321 Midlothian Turnpike in Richmond.  Tom Pearson’s combination of experience and access to the best products and services, backed by the number one insurance company in the U.S helps clients meet financial goals, estate strategies and insurance needs. The company offers property and casualty, life, disability and long-term care, and health insurance, automotive loans, mortgages, checking and savings.  DRE’s Madures and Steven Lindsay represented the landlord, Midlothian Partners of Virginia LLC, in the lease negotiations.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN SELLS A 16,462 SF INDUSTRIAL BUILDING IN WARREN, MICHIGAN

FRIEDMAN SELLS A 16,462 SF INDUSTRIAL BUILDING IN WARREN, MICHIGAN

Farmington Hills, Michigan (December 19, 2016) –Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 16,462 square foot industrial building located at 5590 Enterprise Court in Warren, Michigan. The seller, Sarkis and Arlene Atikian, sold the building to PG Real Estate, LLC.

Phil Konopitski, Senior Vice President, Brokerage Services at Friedman represented the purchaser in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

DRE’s Hampton Roads Office Completes Six Lease Transactions

DRE’s Hampton RoadsOfficeCompletes Six Lease Transactions

VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of six leases totaling 34,555 square feet of new and renewed commercial space throughout the Hampton Roads region.  Negotiations were handled through the Virginia Beach, Virginia, office of DRE.

Williams Mullen renewed its lease for 22,950 square feet of office space in the Divaris-leased and –managed Armada Hoffler Tower located at 222 Central Park Avenue in the Town Center of Virginia Beach.  Williams Mullen is a regionally based, full-service law firm with more than 230 attorneys in offices across North Carolina, South Carolina, Virginia and Washington D.C.  Michael Divaris, Vivian Turok and Krista Costa represented the landlord, Armada Hoffler Tower 4, LLC, in the lease negotiations.

Bliss Bakery renewed its lease for 3,327 square feet of retail space in the Divaris-leased and -managed Columbus Village located at 296 Constitution Drive in Virginia Beach.  Part of the Town Center of Virginia Beach, the bakery in Columbus Village is joined by Barnes & Noble, fye, Five Below and ULTA Beauty.  Gerald Divaris and Sezin Cortinas represented the landlord, Columbus Town Center, LLC, in the lease negotiations.

DC Johnson, PLLC renewed its lease for 3,263 square feet of office space in the Divaris-leased Windwood Centre located at 780 Lynnhaven Parkway in Virginia Beach, Va.  The law firm is joined by additional tenants in the Class A brick and glass office building including:  Regus, PROSOFT, and Atlantic Mortgage and Funding.  DRE’s Turok and Elizabeth Paasch handled the lease negotiations on behalf of the landlord, Continental Windwood Centre, LLC.   

Davis Media leased 2,673 square feet of office space in the Divaris-leased 3300 Building located at 397 Little Neck Road in Virginia Beach.  Davis Media operates The Tide, an Adult Album Alternative radio station; 107.9 Bach FM which connects to a Classical audience on the Virginia Peninsula; 1490 AM The Game sports/talk station on the Southside of Hampton Roads; and an online newspaper with Williamsburg Yorktown Daily, WYDaily.com.  Paasch and Turok represented both the tenant and the landlord, Little Neck Office Park, LLC, in the lease negotiations.

Kingdom of Jesus Christ renewed itslease for 1,200 square feet of space in The Shoppes at Lake James located at 5347 Lila Lane in Virginia Beach.  The church joins other tenants in the Divaris-leased and -managed shopping center, including: Lissa’s Beauty Salon, the Travel Outlet and Barb’s Gifts and More.   DRE’s Eric Hammond and David Bickford represented the landlord, Chu & Sons, Inc., in the lease negotiations.

Device Pitstop leased 1,142 square feet of retail space in the Divaris-leased Marketplace at Tech Center located at 12080 Jefferson Avenue in Newport News, Va.  Device Pitstop buys, sells and service laptops, tablets, smartphones, and iPods.  The retailer joins Whole Foods, DSW, P.F. Chang’s Chinese Bistro, ULTA Beauty, Stein Mart, Café Rio, Mello Mushroom, Zoe’s Kitchen, Jos A. Bank, Carter’s and Oshkosh B’Gosh in the regional lifestyle center.  DRE’s Mary McGovern and Erica Meekins Rorrer represented the landlord, The Marketplace at Tech Center, LLC, in the lease negotiations.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

Divaris Brokers Sale of Victory Crossing for $2.4 Million

Divaris Brokers Sale of Victory Crossing for $2.4 Million

VIRGINIA BEACH, VIRGINIA – Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced that DRE represented 1989 Young Living Trustin the $2.4 million ($200 per square foot) sale of Victory Crossing Shopping Center located at 4032 Victory Boulevard in Portsmouth, Va to a private investor based in the Washington, DC metropolitan area.   Alex Divaris, CCIM and Jason Oliver, CCIM, comprised the team from Divaris Real Estate’s Investment Sales Group.

Victory Crossing is a fully leased, 12,000-square-foot, strip center with tenants that include: Pizza Hut, Tropical Smoothie, and T-Mobile.  The center is shadow-anchored by Lowe’s Home Improvement and Farm Fresh.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

Courtney Brumbelow Joins Ackerman Retail as Senior Vice President

                                              Courtney Brumbelow Joins Ackerman Retail as Senior Vice President  

 

Atlanta, December 6, 2016 – The growing retail services division of Ackerman & Co. recently welcomed Courtney Brumbelow as Senior Vice President of Ackerman Retail. Brumbelow is charged with directing the leasing of Ackerman’s retail properties as well as the company’s third-party retail property assignments. Additionally, she will help facilitate the continued team effort to strengthen and expand Ackerman’s retail platform throughout the Southeast.

 

Brumbelow brings more than 18 years of commercial real estate experience to Ackerman Retail and has completed more than 365 real estate transactions in excess of $155 million. 

DRE’s Hampton Roads Office Completes Seven Lease Transactions

DRE’s Hampton RoadsOfficeCompletes Seven Lease Transactions

VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of seven leases totaling 23,520 square feet of new and renewed office space throughout the Hampton Roads region.  Negotiations were handled through the Virginia Beach, Virginia, office of DRE.

Just Floored leased 6,989 square feet of office space in the Divaris-leased and –managed Fort Monroe Building 261 located at 363 Fenwick Road in Hampton, Va.  Just Floored has been installing fine carpets, hardwood, laminates, luxury and decorative vinyl and ceramic tile and natural stone floors to residential and commercial clients in Hampton since 2006.  Divaris’ Elizabeth Greer Napolitano and Chris Bendit represented the landlord, Fort Monroe Authority, in the lease negotiations.

Bon Secours Maryview Hospital renewed its lease for 5,997 square feet of office space in the Divaris-leased Chesapeake Square Medical Plaza located at 4020 Raintree Road in Chesapeake, Va.  DRE’s Bendit and Eric Hammond handled the lease negotiations on behalf of the landlord, Eure Real Estate, Inc. 

Integrated Health Services leased 3,263 square feet of office space in the Divaris-leased and -managed Harbour Centre office building located at 2 Eaton Street in Hampton, Va.  Integrated Health Services is a community based mental and behavioral health agency serving the residents of Southeastern Virginia, Richmond, and surrounding areas.  DRE’s Bendit represented the landlord, Armada/Hoffler Hampton Centre Associates, in the lease negotiations.

Sierra Pacific Mortgage Company renewed its lease for 2,213 square feet of office space in the Divaris-leased and -managed Thalia One property located at 4164 Virginia Beach Boulevard in Virginia Beach.  Recently named as a "Top 50 Service Provider” by Mortgage Executive Magazine, Sierra Pacific Mortgage has the strength, stability and service customers have come to expect.  Bendit represented the landlord, Beach Municipal Federal Credit Union, in the lease negotiations.

Charlie Jones, Inc. renewed itslease for 1,939 square feet of office/warehouse space in the Divaris-leased and –managed Parkway 4 Building located at 2697 International Parkway in Virginia Beach.  Charlie Jones, Inc. (CJI) is a commercial general contractor and construction management company specializing in the construction of high quality, detail-oriented projects throughout the U.S.   Bendit and Hammond represented the landlord, Continental Parkway, LLC, in the lease negotiations.

Blupax Pharmaceuticals leased 1,733 square feet of office space in the Divaris-leased property located at 2020 General Booth Boulevard in Virginia Beach.  With an impressive client roster of independent LTC (Long Term Care) pharmacies seeking cost-effective generic pharmaceutical solutions and GPOs (Group Purchasing Organizations) looking to negotiate better drug distribution methods, BluPax Pharma strives to continuously serve as the industry's premier source for quality and value-based generic pharmaceutical products. DRE’s Napolitano and Vivian Turok represented the landlord, Chardave 2020, LLC, in the lease negotiations.

ATCSI, LLC leased 1,386 square feet of office space located at 4658 Haygood Road in Virginia Beach, Va.  Air Traffic Control Systems International LLC (ATCSI) is a small independent company providing research, analyses, and technical services to international organizations that manage Air Traffic Control (ATC) systems. DRE’s Napolitano and Elizabeth Paasch represented the landlord, Touzos, FLP, in the lease negotiations.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN EARNS THE U.S. ENVIRONMENTAL PROTECTION AGENCY’S 2016 ENERGY STAR CERTIFICATION

FRIEDMAN EARNS THE U.S. ENVIRONMENTAL PROTECTION AGENCY’S 2016 ENERGY STAR CERTIFICATION ON 5 PROPERTIES ACROSS OAKLAND COUNTY

Farmington Hills, Michigan (November 28, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, is proud to announce that five of its managed properties in Michigan recently earned the U.S. Environmental Protection Agency’s (EPA’s) 2016 ENERGY STAR certification, which signifies that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency and meets strict energy efficiency performance levels set by the EPA. 

The five properties that earned the EPA’s Energy Star certification include Mars Corporate Center in Southfield, 5600 New King & 700 Tower in Troy, North Valley II in Farmington Hills and Wilshire North in Troy. Commercial buildings that earn EPA’s ENERGY STAR certification use an average of 35 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere.  

“We are pleased to accept the EPA’s Energy Star Certification on behalf of five of our buildings for the second consecutive year,” said Brian Bass, Director of Asset Management, Friedman Integrated Real Estate Solutions. “Through this achievement we have seen that our commitment to maintaining the best properties and focusing on our environmental impact is paying off.”


ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN NEGOTIATES 26,607 SF OFFICE LEASE IN SOUTHFIELD, MICHIGAN

FRIEDMAN NEGOTIATES 26,607 SF OFFICE LEASE IN SOUTHFIELD, MICHIGAN

Farmington Hills, Michigan (November 28, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently negotiated the lease of 26,607 square feet of office space in Galleria Office Center located at 300 Galleria Road in Southfield, Michigan. The landlord, Galleria Owner, LLC, leased the space to Metropolitan Life Insurance Company.

Headquartered in New York City, New York, Metropolitan Life Insurance Company, better known as MetLife, was founded in 1868 and serves over 90 million customers in almost 50 countries around the world. MetLife is one of the largest global providers of insurance, annuities and employee benefit programs.

David Friedman, Executive Managing Director and CEO and Robert Gagniuk, Brokerage Associate at Friedman represented the landlord in this transaction.

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN SELLS A SINGLE TENANT NNN RETAIL PROPERTY OCCUPIED BY LEVIN FURNITURE STORE IN OHIO

FRIEDMAN SELLS A SINGLE TENANT NNN RETAIL PROPERTY OCCUPIED BY A 46,000 SF LEVIN FURNITURE STORE IN OHIO

Farmington Hills, Michigan (November 22, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a single tenant NNN retail property occupied by a 46,000 SF Levin Furniture. The property is located at 23300 Lorain Road in North Olmsted, Ohio. The seller, LNR Partners, LLC, sold the building at auction through Ten-X.com to Basem Haddad for investment purposes.

This unique retail property has been 100% occupied by Levin Furniture since 1996 and is located along the main retail corridor serving the North Olmsted Trade area with more than 200,000 residents within 5 miles of the center.

Rich Deptula, National Director, Investment Advisory Services at Friedman represented the seller and the buyer in this transaction.


ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

DRE’s Hampton Roads Office Leases 23,025 Square Feet of Space

DRE’s Hampton RoadsOfficeLeases 23,025 Square Feet of Space

VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of five leases for new and renewed office space totaling 23,025 square feet in the Hampton Roads, Virginia metropolitan statistical area.  Negotiations were handled through the Virginia Beach, Virginia, office of DRE.

Mom’s Tot Spot Child Development Center leased 9,969 square feet of office space in the Divaris-leased and –managed Fort Monroe Building 245 located at 370 Fenwick Road in Hampton, Va. Mom’s Tot Spot offers child care services for children between the ages of 6 weeks to 12 years of age. The children are exposed to a wide range of activities including science, social studies, math, socialization, and general learning. DRE’s Chris Bendit and Elizabeth Greer Napolitano represented the landlord, Fort Monroe Authority, in the lease negotiations.

Daniel H. Wagner & Associates renewed its lease for 5,831 square feet of office space and signed a new lease for an additional 1,474 square feet of office space in the Divaris-leased and –managed Harbour Centre Building located at 2 Eaton Street in Hampton, Va. Wagner Associates provide highly effective and useful solutions to complex and technically challenging operational problems for defense and non-defense customers and is particularly experienced at implementing sophisticated mathematical algorithms in software modules that can be used effectively by military personnel in real-world operations.  DRE’s Bendit represented the landlord, Armada Hoffler Hampton Centre Associates, LP, in the lease negotiations.

The Language Group leased 3,122 square feet of office space in the Divaris-leased office building located at 4705 Columbus Street in Virginia Beach.  The Language Group has many years of experience providing high quality interpreting services to a range of clients in the public and private sectors.  It currently supplies interpreters to the US Department of Treasury, US Army Corps of Engineers and Virginia Department of Social Services.  DRE’s Krista Costa and Katherine Olson handled the lease negotiations on behalf of the landlord, Racehorse Properties, LLC.

Liberating Lives Christian Counseling & Psychological Services leased 2,629 square feet of office space in Interstate Corporate Center located at 6325 North Center Drive in Norfolk, Va.  Liberating Lives Christian Counseling & Psychological Services offers a wide variety of therapeutic approaches tailored to meet the specific needs of its clientele with professionally trained therapists who have diverse counseling experiences.  DRE’s Elizabeth Paasch represented the tenant in the lease negotiations with the landlord, ICC Norfolk Properties, LLC.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http:/www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

DRE’s Hampton Roads Office Completes Nine Lease Transactions

DRE’s Hampton RoadsOfficeCompletes Nine Lease Transactions

VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of nine leases for new and renewed office space totaling 27,380 square feet.  Negotiations were handled through the Virginia Beach, Virginia, office of DRE.

Custom Panels & Controls renewed its lease for 7,099 square feet of office space in the Divaris-leased and –managed Parkway 4 Building located at 2697 International Parkway in Virginia Beach.  Custom Panel & Controls is an electrical contractor servicing the marine and commercial industries through engineering smart and reliable products with a wide array of uses in electrical and mechanical processes. International Pharmacy Solutions renewed its lease for 2,153 square feet of office in the Parkway 4 Building.   IPS exists to craft individualized pharmacy solutions and to meet the unique needs of each behavioral health facility it serves. Atlantic Mortgage and Funding renewed its lease for 1,703 square feet of office space in the Parkway 4 Building.  Atlantic Mortgage & Funding is a Virginia based mortgage company providing home loans in 14 states, including Alabama, California, Colorado, Florida, Georgia, Indiana, Kentucky, Louisiana, Maryland, North Carolina, New Mexico, Tennessee, Virginia, and Texas - dba American Streamline Mortgage Company. DRE’s Chris Bendit and Eric Hammond represented the landlord, Continental Parkway, LLC, in the lease negotiations for the three tenants in Parkway 4.

Dragados USA leased 4,180 square feet of office space in the Divaris-leased property located at 5700 Thurston Avenue in Virginia Beach.  Dragados is an international contractor established in 1941 that specializes in major infrastructure projects, including bridges, roads and highways, tunnels and underground projects, buildings, energy and environmental infrastructure, dams and hydraulic works worldwide.  DRE’s Krista Costa and Katherine Olson represented the landlord, Bellmawr, LLC, in the lease negotiations.

Chapel of the Centurion renewed itslease for 3,678 square feet of office space in the Divaris-leased and –managed Fort Monroe Building 166 located at 61 Bernard Road in Hampton, Va.  The Chapel of the Centurion, an interdenominational church that was the Army’s oldest wooden structure in continuous use for religious services until the last religious service by the US Army on August 21, 2011 when Fort Monroe was decommissioned as a military base.  DRE’s Bendit and Elizabeth Greer Napolitano represented the landlord, Fort Monroe Authority, in the lease negotiations.

Total Outdoor Maintenance Services leased 3,116 square feet of office space in the Divaris-leased and –managed Fort Monroe Building 218 at 381 Fenwick Road in Hampton, Va.  The company offers lawn maintenance, landscape design and installation, hyrdoseeding, tree and shrub pruning, fall cleanup, fence installation and repairs, structural retaining walls, paver patios, concrete driveways, salting and snowplowing. DRE’s Bendit and Elizabeth Greer Napolitano represented the landlord, Fort Monroe Authority, in the lease negotiations.

Lumos Network leased 2,153 square feet of office space in the Divaris-leased and -managed Armada Hoffler Tower in the Town Center of Virginia Beach located at 222 Central Park Avenue in Virginia Beach, Va.  Lumos Networks is a fiber-based service provider in the Mid-Atlantic region providing leading-edge data, broadband, voice and IP services over an expanding fiber optic network.  DRE’s Jason Oliver represented the tenant, while Michael Divaris, Vivian Turok and Krista Costa represented the landlord, Armada Hoffler Tower 4, LLC, in the lease negotiations.

Virginia Beach Financial Center leased 1,800 square feet of office space in the Divaris-leased property at 4658 Haygood Road in Virginia Beach.  DRE’s Napolitano and Elizabeth Paasch represented the landlord, Touzos, FLP, in the lease negotiations.

Legacy 3 Corporation leased 12,498 square feet of office space in the Divaris-leased Harbour Breeze Professional Center located at 1540 Breezeport Way in Suffolk, Va.   DRE’s Krista Costa represented the landlord, HBPC, LLC, in the lease negotiations. 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

DRE’s Hampton Roads Office Leases 10,080 Square Feet of Space

DRE’s Hampton RoadsOfficeLeases 10,080 Square Feet of Space

VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of four leases totaling 10,080 square feet of new and renewed office space in the Southside of Hampton Roads.  Negotiations were handled through the Virginia Beach office of DRE.

SJS Executives leased 3,060 square feet of office space in Reflections 1 Building located at 2309 Lynnhaven Road in Virginia Beach, Va.  SJS Executives specializes in resolving business, staff, and labor needs for major business and contract objectives, focusing on skilled trades job placement as well as executive search, staff augmentation and human resources services.  DRE’s Krista Costa and Katherine Olson represented the tenant in the lease negotiations with the landlord, LCP Hampton Roads VIII, LLC. 

GVI leased 2,970 square feet of office space in the Divaris-leased property located at 5700 Thurston Avenue in Virginia Beach.  Founded in late 1999, Gateway Ventures, Inc., provides professional engineering, logistics, and process management services to several government agencies and programs.  Costa and Olson represented the landlord, Bellmawr, LLC, in the lease negotiations.

Tidewater Physical Therapy renewed itslease for 2,300 square feet of office space in the Divaris-leased Chesapeake Square Medical Plaza at 4020 Raintree Road in Chesapeake, Va.  Tidewater Physical Therapy is an independent, out-patient physical therapy practice owned by local area physical therapists. DRE’s Chris Bendit and Eric Hammond represented the landlord, Eure Real Estate, Inc., in the lease negotiations.

Dr. Kristina Ramsey leased 1,750 square feet of office space in the Divaris-leased Manor Commerce Center located at 5589 Portsmouth Boulevard in Portsmouth, Va.  Dr. Ramsey received her doctorate of optometry from Southern College of Optometry in Memphis, Tennessee. She currently holds the highest therapeutic licensure from the Virginia Board of Optometry. DRE’s David Bickford and Eric Hammond represented the landlord, Haysom Street Associates, LLC, in the lease negotiations.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

Ackerman & Co. closes $23 million sale of Braselton 85 Distribution Center in Braselton, Ga.

Ackerman & Co. closes $23 million sale of Braselton 85 Distribution Center in Braselton, Ga.

 

 

Atlanta, August 12, 2016 – Ackerman & Co. announced today that it has completed the $23.2 million sale of Braselton 85 Distribution to Cabot Partners. The 440,165-square-foot, Class “A” bulk distribution center is less than two miles from I-85 and the Georgia Highway 211 interchange in Braselton, Ga. in the Jackson County corridor.

The LEED Silver certified property is 100 percent leased to California-based Petco, who recently signed a 192,461-square-foot, five-year lease at the center, and Kichler Lighting who occupies the remaining balance of 247,704 square feet.

Braselton 85 Distribution Center is located in the sought-after I-85 Northeast submarket, approximately 50 miles northeast of Atlanta. The submarket has quickly become a prime logistics area, attracting a great deal of household name brand tenants including Mizuno, Whole Foods, Carter’s, Hitachi and Havertys.

“With vacancy in the low seven percent, high quality bulk warehouse product in the I-85 Northeast submarket is extremely competitive,” said Ackerman & Co. President Kris Miller. “There are just a handful of bulk projects delivering in the next year and only two are over 550,000 square feet,” he added. Ackerman & Co. is set to deliver Braselton Logistics Center – a new one-million-square-foot bulk distribution center in Jackson County – first quarter 2017. 

Ackerman & Co. partnered with Artemis Real Estate Partners in November 2013 to purchase Braselton 85 Distribution Center for $14.1 million. “The Ackerman team created significant value at the property and the investment returns exceeded our expectations,” said Artemis Managing Principal Rich Banjo.  “Atlanta continues to exhibit very strong growth and is a target market for our investment funds.”

CBRE’s Brian Budnick, Chris Riley and Frank Fallon marketed the property on behalf of Ackerman & Co. and Artemis Real Estate Partners. 

 


About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

 


About Artemis Real Estate Partners

 

Artemis Real Estate Partners is a real estate investment management firm founded in 2009.  Artemis invests with best-in-class local operating partners in multifamily, office, industrial, retail, hotel, and senior housing across opportunistic, value added and enhanced core strategies.  Artemis has raised over $2 billion of investor capital across two commingled value-add/opportunistic fund vehicles, one commingled core plus healthcare real estate fund, and a series of emerging manager separate accounts with The New York State Common Retirement Fund, New York City Retirement Systems and the Illinois Municipal Retirement Fund.  The firm is headquartered in the Washington DC metropolitan area with offices in New York and Los Angeles.  Artemis’s sole focus is U.S. commercial real estate.  For more information on Artemis Real Estate Partners, please visit www.artemisrep.com

MB REAL ESTATE WELCOMES ELISE O’CONNOR TO TENANT REP TEAM

MB Real Estate Welcomes Elise O’Connor To Tenant Rep Team

 

CHICAGO—Friday, June 17, 2016 – MB Real Estate Services Inc. (MBRE) is pleased to announce that Elise O’Connor has joined the firm’s Chicago office as an Associate on the Corporate Services & Tenant Advisory team.

As a member of the tenant representation team, O’Connor will focus on new business development and servicing existing clients. Prior to joining MBRE, O’Connor was employed as a sales executive at Avatar Solutions, a market research firm in Chicago, where she was primarily responsible for business development.

O’Connor is a graduate of DePaul University where she received a Bachelor of Science degree in Marketing with a Sales Lead focus, as well as a minor in Management. She is actively involved in numerous charities, including DePaul’s Sid Feldman Legacy Fund, a volunteer-based scholarship fund that finances recipients’ tuition for undergraduate studies. O’Connor is a licensed real estate broker in the state of Illinois and currently resides in Chicago.

 

 

About MB Real Estate Services Inc.

Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation; and Investment Services. Headquartered in Chicago, with regional offices in New York, Atlanta and Denver, MB Real Estate provides these services to corporations, institutions, professional organizations, private investors, and non-profit agencies. For more information, please visit www.mbres.com

MB REAL ESTATE RAISES AWARENESS AND FUNDS FOR YOUTH CHARITIES

MB Real Estate Raises Awareness and Funds for Youth Charities

 

CHICAGO—(Monday, June 13, 2016) – MB Real Estate Services Inc. (MBRE) sponsored and helped organize awareness and fundraising events for two youth charities, Urban Initiatives (UI) and buildOn, over the last two weeks.

UI is a Chicago-based non-profit that organizes intramural soccer programs for children within the Chicago Public School system as a means to empower underserved youth to adopt healthy lifestyles and build strong character.  The Work to Play Cup, one of UI’s biggest events of the year, took place on Saturday, June 4th at the Midway Plaisance and brought together more than 2,000 participants, including K-8 students and their families, volunteers, and local supporters. Christine Torres, assistant vice president of MBRE’s Corporate Services and Tenant Advisory, helped coordinate the event. Also volunteering on behalf of MBRE was: Jose Bahena, Dante Capicchioni, Ashley Jordan, Elise O’Connor and Crystal Smith.

Also recently, the annual fundraiser benefitting buildOn, a non-profit that helps urban youth to break the cycle of poverty, illiteracy and low expectations through service and education, took place on the evening of May 25th at the Hilton Chicago and raised $513,000. MBRE was an initial sponsor of buildOn’s expansion into the Chicago area and, since 2004, has been actively involved in raising its profile, as well as over $5 million of funds. 

“The 2016 buildOn Dinner brought together more than 500 influential Chicago business leaders in support of this youth-focused charity,” stated Kyle Robbins, vice president of Corporate Services and Tenant Advisory at MBRE. “I am proud to have participated in the planning and execution of this important event that has raised record funds and has continued to create awareness for buildOn.”

Robbins led the planning effort for this year’s event, serving alongside MBRE’s senior vice president and general manager, Krystal Kurinsky, and senior vice president and director of Asset Management, Suzanne Hendrick. Robbins is also a member of buildOn’s Board of Directors, along with MBRE’s Peter Ricker, chairman & CEO, and John Murphy, vice chairman.

About MB Real Estate Services Inc.

Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation; and Investment Services. Headquartered in Chicago, with regional offices in New York, Atlanta and Denver, MB Real Estate provides these services to corporations, institutions, professional organizations, private investors, and non-profit agencies. For more information, please visit www.mbres.com.

 

About Urban Initiatives

Urban Initiatives is a nonprofit organization that runs a health and education soccer program, called the Work to Play Program, in the Chicago Public Schools (CPS). Urban Initiatives’ mission is to collaborate with schools, teachers and parents to boost the physical fitness, health education, academic performance and character development of children from Chicago’s underserved communities through soccer programs, field trips, and cultural outings. By actively engaging participants in our extracurricular activities at a young age, Urban Initiatives empowers youth to live a healthy lifestyle, value education, and enhance their personal and social development. Urban Initiatives takes a collaborative, whole child approach to development in order to provide children with the opportunity to reach their full potential. For more information, visit www.urbaninitiatives.org

 

About buildOn

At home or abroad, buildOn’s goal is to break the cycle of poverty, illiteracy and low expectations through service and education. Across the U.S., buildOn empowers urban youth to transform their neighborhoods through intensive community service and to change the world by building schools in some of the economically poorest countries in the world. Since 1991, buildOn has constructed 736 schools worldwide, with more than 95,000 children, parents and grandparents attending these schools every day. For more information, visit www.buildon.org.

Divaris Real Estate Handles Sales Transactions in Mid-Atlantic

Divaris Real Estate Handles Sales Transactions in Mid-Atlantic

VIRGINIA BEACH, VA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the completion of five sales transactions totaling 16,224 square feet of commercial space and 4.45 acres of land.  Negotiations were handled through the Virginia Beach and Tyson’s Corner offices of DRE.

Jobil Bullock purchased a 3,000-square-foot office/flex space in the Divaris-leased Trade Center located at 105 South First Colonial Road in Virginia Beach, Va.  DRE’s Krista Costa and Katherine Olson represented the seller, David Long, in the negotiations.  The two-story office condominium will be used for a landscaping business.  

Boys & Girls Club of Westminster purchased the 7,040 square foot, former PNC Bank building located at 71 East Main Street in Westminster, Maryland.  To help meet the needs for recreation and companionship of the community's youth and their families, the Boys & Girls Club of Westminster provides healthy, supervised after-school programs and activities. Joe Farina and Amit Grover of the metropolitan Washington, DC office of Divaris Real Estate, represented the seller, PNC Bank.   

Dulce Vida Properties Investment, LLC, purchased the 6,184-square-foot, former Italian Inn restaurant located at 6221 Annapolis Road in Hyattsville, Md.   The price for the freestanding property was $1.275 million.  Robert Gray from the Washington, DC office of DRE brokered the sale on behalf of the seller, Gioni Brothers, Inc.

Kotarides Developers purchased three acres of land in the Kohl’s Crossing shopping center located at 1543 Sam’s Circle in Chesapeake, Va.  The land will be used to develop additional retail space.  Other tenants in the center include Kohl’s, hhgregg, Walmart, at home, Dollar Tree, Sam’s Club, Texas Roadhouse, Chuck E. Cheese, Wendy’s, Applebee’s and Chick-fil-A.  DRE’s Mary McGovern and Erica Rorrer handled the sale on behalf of the seller, Tract 2B Chesapeake, LLC. 

Par 3 Development Group, LLC purchased 1.45 acres of land located on Carrolton Boulevard in Carrolton, Va for the development of a Dollar General store.   With more than 12,000 stores in 43 states, Dollar General is America’s largest small-box discount retailer by sales. The land sale was brokered on behalf of the sellers, R.T. Arnold and Margaret Harper, by DRE’s Levi Thomson. 

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

DRE Leases 14,267 Sq. Ft. of Office Space in Hampton Roads

                                                                                                                                        DRE Leases 14,267 Sq. Ft. of Office Space in Hampton Roads

VIRGINIA BEACH, VA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of six leases for new and renewed office space totaling 14,267 square feet throughout Hampton Roads, Virginia.  Negotiations were handled through the Virginia Beach and Newport News offices of DRE.

Helping Other People’s Enrichment (HOPE) renewed its lease for 3,724 square feet of office space in the Rouse Tower located at 6060 Jefferson Avenue in Newport News, Va.   Professionally trained foster parents enable HOPE, Inc. to address a wide range of child and adolescent placement issues.  DRE’s Elizabeth Paasch represented the tenant in the negotiations with the landlord, the Economic Development Authority of the City of Newport News.

Faneuil renewed its lease for 3,481square feet of office space in the Divaris-leased and –managed Harbour Centre located at 2 Eaton Street in Hampton, Va.  Faneuil provides business processing solutions for an extensive client portfolio that includes both commercial and government entities.   UNIGLOBE Travel World, renewed its lease for 1,103 square feet of office space in Harbour Centre.  UNIGLOBE Travel World, is a full-service travel agency specializing in corporate travel.  The landlord, Hampton Centre Associates, LP, was represented by DRE’s Chris Bendit in both leases. 

Coastal Plastic Surgery leased 3,016 square feet of office space located at 1200 First Colonial Road in Virginia Beach.  DRE’s Vivian Turok and Elizabeth Greer represented the tenant in the lease negotiations with the landlord, Spectrus, LLC.

H&A Experts renewed its lease for 1,488 square feet of office/warehouse space in the Divaris-leased and –managed Parkway 4 located at 2697 International Parkway in Virginia Beach.  H&A Experts is a general automotive repair shop.   Bendit and Eric Hammond represented the landlord, Continental Parkway, LLC, in the lease negotiations.

Volkert leased 1,455 square feet of office space in the Divaris-leased and –managed One Columbus Center office building in the Town Center of Virginia Beach.  Founded in 1925, Volkert is an employee-owned, infrastructure engineering firm serving state and federal agencies, local and municipal governments, private industry and select international clients. Other office tenants in One Columbus Center include Divaris Real Estate, HBA, Lincoln Financial, BB&T, and Met Life.  The landlord, Columbus Tower, LLC, was represented by Michael Divaris, Vivian Turok and Krista Costa.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

MB REAL ESTATE’S PROJECT SERVICES TEAM ANNOUNCES NEW HIRES AND PROMOTION

MB Real Estate’s Project Services Team Announces New Hires and Promotion, Expands Services to Include In-House Workplace Strategy

 

CHICAGO—Monday, March 14, 2016 – MB Real Estate Services Inc. (MBRE) is pleased to announce that the firm continues to expand its Project Services team with the addition of Senior Project Manager / Director of Workplace Strategy Marc Schwartz and Assistant Project Manager Shiuwah Lam.  The team also recently promoted Daniel Aboutar to senior project manager.

Bringing more than 29 years of industry experience, Schwartz will be responsible for managing all aspects of projects including pre-construction and construction services and as director of Workplace Strategy, he will offer a wide array of services to support corporate services, project services, asset management and leasing. He was most recently employed by Cushman & Wakefield (formerly DTZ, UGL Services, Equis Corp) as senior vice president of global occupier services/Workplace Strategies, where he was responsible for a wide range of client and portfolio services within the firm’s Workplace Strategies platform.  An industry veteran, Schwartz has more than 25 million square feet of experience across a myriad of industries, use and facility types. He is a graduate of University of Illinois, where he received his Bachelor of Arts degree in Architectural Studies.

“We are very pleased to welcome Marc and Shiuwah to our team and we are very proud of the recent promotion of Dan Aboutar to Senior Project Manager,” said David Graff, SVP and Managing Director of Project Services. “As our team continues to expand, we know the significance of hiring and retaining top industry talent. Marc brings a wealth of experience to MBRE and allows us to now offer Workplace Strategy in-house as a core service.”

As an assistant project manager, Lam will be responsible for the execution of healthcare, asset and corporate tenant projects to ensure adherence to the budget and schedule, as well as safety and quality standards. In this role she also assists with budget development, scope clarification, contract buyout, scheduling and team coordination, as well as safety and critical path responsibilities. Prior to joining MBRE, Lam was a project manager with Proteus Group in Chicago. She is a LEED Accredited Professional with a Bachelor of Science in Architectural Studies and a minor in East-Asian Languages and Cultures.

Aboutar has been promoted to senior project manager. He has15 years of industry experience and currently oversees tenant improvement and renovation projects at 181 W. Madison Street and the

Richard J. Daley Center in Chicago. Prior to joining MBRE, Aboutar served as vice president of development for PRM Realty Group, where he led the development process for various residential and commercial subdivision projects throughout the country.  He received his Master’s Degree from DePaul University and earned a Bachelor of Science degree from University of Illinois. MBRE’s Project Services team also recently promoted Robbie Joseph and Brian Toenjes from project managers to senior project managers.

MBRE’s Project Services team has more than 1.4 million square feet of projects valued over $400 million currently underway. The team utilizes its extensive buying power and resources to successfully complete tenant improvement, ground-up development and build-to-suit projects in a diverse range of product sectors including office, industrial, healthcare, education, laboratories and more. The team has won numerous awards including NAIOP’s Office Development of the Year, the Greater Chicago Food Depository’s Build-to-Suit and Project Manager of the Year awards, and the Merit Award from the Chicago Building Congress.

 

About MB Real Estate Services Inc.

Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation; and Investment Services. Headquartered in Chicago, with regional offices in New York, Atlanta and Denver, MB Real Estate provides these services to corporations, institutions, professional organizations, private investors, and non-profit agencies. For more information, please visit www.mbres.com

MB REAL ESTATE PROMOTES LEASING SERVICES’ TEAM MEMBERS BERTRAND AND SCHEIVE

MB REAL ESTATE PROMOTES LEASING SERVICES’ TEAM MEMBERS BERTRAND AND SCHEIVE

 

CHICAGO – Friday, February 26, 2016- MB Real Estate Services Inc. (MBRE) announced today the promotion of two Leasing Services’ team members: Kathleen Bertrand and Kelsey Scheive.  

Bertrand has been promoted to senior vice president. A tenured member of the Leasing Services team, she has over 10 years of experience in Chicago’s real estate community and represents Michigan Plaza, a 2.0 million square foot asset in Chicago’s East Loop. On behalf of its owner, Bertrand has brokered or co-brokered 223 transactions totaling 2.3 million square feet and closed 205,000 square feet in the last 12 months.  In addition to office brokerage, Bertrand leads the retail leasing efforts at MBRE including the six Illinois Tollway Oases, One North Dearborn/2 North State, and 10 & 120 South Riverside.  Throughout her career, she has represented clients such as: Acadia Realty Trust, Alter Group, Brijus Properties, Beacon Capital Partners, Callahan Capital Properties, iStar, and Loeb Partners Realty.

Scheive has been promoted to vice president. She joined MBRE in 2012 and has been an integral part of MBRE’s new business initiatives, resulting in several Leasing Services assignments for the firm. Since Joining MBRE, Scheive has completed more than 630,000 square feet in leases. Throughout her career, she has represented clients such as: Callahan Capital Properties, MetLife, Wirtz Realty Corporation, Farbman Group, CWCapital, and United Investors.

 “Kathleen and Kelsey are imperative to our team, providing a vast amount of knowledge, strong work ethic and leadership skills,” said Mark Buth, executive vice president/managing director of Leasing Services. “They are both accomplished professionals who continually provide our clients with first-rate service. I look forward to seeing their continued success at MBRE.”

Bertrand received her Master of Science degree from Aurora University in Aurora, Illinois and earned a Bachelor of Arts degree from the University of Iowa. She is a licensed real estate broker in the state of Illinois and is active in numerous professional and charitable endeavors, such as: the Chicago Office Leasing Brokers Association (COLBA) and the Greater Chicago Food Depository’s Real Estate steering committee.

Scheive received her Bachelor’s degree from University of Miami in Coral Gables, Florida. She is an active member of Young Office Brokers Association (YOBA) and is a licensed real estate broker in the state of Illinois. A motivated individual, Scheive also serves as executive vice president of the Auxiliary Board of Northwestern Memorial Hospital.

MBRE also recently announced that Denny McGann, formerly of CBRE, has joined the firm’s Leasing Services team as vice president. McGann’s primary focus is on working with existing MBRE clients and contributing to new business efforts.

                                        

About MB Real Estate Services Inc.

Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation; and Investment Services. Headquartered in Chicago, with regional offices in New York, Atlanta and Denver, MB Real Estate provides these services to corporations, institutions, professional organizations, private investors, and non-profit agencies. For more information, please visit www.mbres.com

Petco Leases 192,461 Square Feet at Ackerman & Co.’s Braselton 85 Distribution Center

Petco Leases 192,461 Square Feet

at Ackerman & Co.’s Braselton 85 Distribution Center

 

 

Atlanta, February 26, 2016 – California-based Petco has signed a 192,461-square-foot, five-year lease at Ackerman’s Braselton 85 Distribution Center in Braselton, Ga. This lease brings the center to 100-percent occupancy.

 

The 440,165-square-foot, Class “A” bulk distribution center is located less than two miles from I-85 and the Georgia Highway 211 interchange. Approximately 50 miles northeast of Atlanta, Braselton has become a major logistics center, attracting several tenants to the area including Mizuno, Hitachi, Havertys and Kichler Lighting.

 

“Being able to find nearly 200,000 square feet of contiguous space was an incredible opportunity in such a tight market,” said Kris Miller, President of Ackerman & Co. “Braselton 85 Distribution Center was the best option for Petco.”

 

The national pet retail store will use this space as an additional Southeast distribution center, increasing its footprint in the market to nearly 700,000 square feet.

 

Trey Barry and Mark Hawks of CBRE represented Ackerman & Co. in this transaction.

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

 

 

Ackerman & Co. Arranges Sale of 1.4 Acres for $1.2MM to Bojangles Franchisee

Ackerman & Co. Arranges Sale of 1.4 Acres for $1.2MM to Bojangles Franchisee

 

Atlanta, February 26, 2016 – The Ackerman & Co. Retail Investment Sales team and Transwestern represented Flagstar Bank in the sale of a 1.4-acre land in Kennesaw, Ga. for $1,200,000. A Bojangles Franchisee, one of the fastest growing quick-service brands in the country, purchased the property. The franchisee was represented by Retail Site Services.

Last summer, the Charlotte-based chicken-and-biscuit chain announced plans to add additional corporate and franchise restaurants in Atlanta. Bojangles’ debuted in this market in 2013 with a location in the Atlanta Hartsfield-Jackson International Airport – there are now more than 45 locations in the City.

Ackerman & Co.'s Sean Patrick and Gina DeRaffele along with Chris McCauley of Transwestern (Boston, Ma.) represented Flagstar Bank.

"This is an excellent retail location," said Vice President of Investment Sales Sean W. Patrick, CCIM. "With demand from Kennesaw State University, close proximity to an extensive retail area which includes recognizable brands like Home Depot, Walgreens and Starbucks among others," he added.

The property also offers rear access to Shiloh Road with a signalized intersection along the heavily traveled retail corridor with more than 35,000 vehicles per day. 

 


About Ackerman & Co.

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

FRED C. EHRHARDT JOINS WEICHERT COMMERCIAL BROKERAGE AS SENIOR VICE PRESIDENT

FRED C. EHRHARDT JOINS WEICHERT COMMERCIAL BROKERAGE AS SENIOR VICE PRESIDENT

 

Edison, NJ – January 25, 2016 – John G. Udell, president of Weichert Commercial Brokerage, Inc., is pleased to announce that Fred C. Ehrhardt has joined Weichert Commercial Brokerage as Senior Vice President. He will be based out of the Weichert Commercial Edison location.

 

Mr. Ehrhardt has worked creating opportunities in the leasing, consulting, investment, pad & out parcels, land development and sale of retail commercial property, and tenant representation since 1973, with over 30 million square feet worth over $456 million in the New Jersey market. He is a Licensed Real Estate Agent in the State of New Jersey.

Some of his previous experience includes being responsible for the management, leasing, and project construction of a commercial real estate portfolio of 1.5 million square feet located in Monmouth and Ocean Counties. He has also managedall facets of commercial mix-use real estate consisting of 2 million square feet, such as the 600,000 square foot high density 4 city block, 69th Street Center in Upper Darby, PA and Race Street downtown office building in Philadelphia. Properties in New Jersey include The Fashion Center (Anchored by Lord & Taylor) in Paramus, project development of The Point Entertainment Center in Pennsauken, and Middletown Center. Additionally, Mr. Ehrhardthas directed the 550,000 SF leasing and project expansion including mix-use planning of upscale Springfield Square, Springfield Square North and Edgemont Square, which included such national and regional tenants as Helzberg Diamonds, Genuardi’s Supermarket, Borders Books, Sport Collectable Shop, Athletic Footwear, Salad Works and specialty stores.

Mr. Ehrhardt comes to us with a great deal of business knowledge. He has his Master of Science Degree in Business Administration and Bachelor of Science Degree in Business Administration

“We are extremely pleased to welcome Fred,” stated Udell. “Fred comes to us with vast professional experience, which will be an asset to our team as well as to his clients.”

Weichert Commercial Brokerage, Inc. is a leading commercial brokerage company with offices throughout New Jersey and Pennsylvania. Weichert Commercial consistently delivers the highest quality real estate services through its office, industrial, retail, investment, tenant representation and commercial land brokerage divisions.  Weichert Commercial is a proud member of the CORE network, a national network of select commercial real estate companies providing a full line of commercial real estate services to its member clients.  During the past thirteen years, NJ Biz Magazine has ranked Weichert Commercial in the top commercial real estate companies in NJ and CoStar Group, Inc. has ranked it in the Top Power Brokers in New Jersey since 2002.  For more information about Weichert Commercial Brokerage, call 973-267-7778 or visit the company’s website at www.weichertcommercial.com.

FRIEDMAN SELLS A 24,898 SF INDUSTRIAL BUILDING IN NOVI, MICHIGAN

                                                                                                                                                                                                              FRIEDMAN SELLS A 24,898 SF INDUSTRIAL BUILDING IN NOVI, MICHIGAN

Farmington Hills, Michigan (February 17, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 24,898 square foot industrial building located at 46555 Humboldt Drive Road, in Novi, Michigan. The seller, Torchlight Loan Services, LLC - BACM 2006-2 Novi industrial, LLC, sold the building to Sigma Phi Properties Inc.

Sigma Phi Properties Inc. purchased the property that was 100% occupied by three tenants for investment purposes. 

Rich Deptula, National Director, Investment Advisory Services, at Friedman represented both the seller and the purchaser in this transaction. 

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.


For more information, please visit: www.friedmanrealestate.com.

Ackerman & Co. to develop a one-million-square-foot bulk distribution center in Braselton, Ga.

Ackerman & Co. to develop a one-million-square-foot, 40-foot clear height, bulk distribution center in Braselton, Ga.

The project, Braselton Logistics Center, will be located just off of Broadway Avenue with direct access to I-85

 

Atlanta, February 12, 2016 – Ackerman & Co. announced today that it is developing a 1,000,480-square-foot bulk distribution center in Jackson County. This follows the company successfully securing two land parcels totaling 107 acres off of Broadway Avenue and BDC Parkway in Atlanta’s northeast industrial submarket – arguably the largest industrial tenant submarket in the Southeast. The land deal, acquired from Synovus Bank for $4.5 million, closed last Friday. 

“Buildings nearing or greater than one million square feet remain the most dynamic segment of the Atlanta industrial market,” said Kris Miller, President of Ackerman & Co. “Seven new leases have been signed in the last 14 months in these larger buildings. There is no uncommitted one-million-square-foot inventory remaining in all of Atlanta – Braselton Logistics Center will be one of a few, if not the only, to deliver in the next 12 months,” he added. 

Braselton Logistics Center is located less than 1.5 miles from I-85 and the Georgia Highway 211 Interchange, and is equidistant between two diamond interchanges (exits 126 and 129 off I-85). It is also surrounded by a diverse mix of existing tenants including Mizuno, Hitachi, Whole Foods Markets, Havertys, Carter’s and Kichler, to name a few. Braselton Logistics Center is strategically positioned for both local and regional distribution, and offers convenient amenities and proximity to a quality labor force.

The speculative bulk distribution center is slated to deliver in the first quarter of 2017. The cross-dock building will feature 40-foot clear heights, ductilcrete© floors, and heavy trailer and car parking. The development team includes architect Randall Paulson, civil engineer Elberly Associates and Conlan Company as general contractor.

“The merits of this site jump off the page for big-box distribution,” said Ackerman & Co. Senior Vice President Pat Chesser. “The Yates Group brought this tremendous opportunity to our attention and with exceptionally creative planning, we were able to proceed with this challenging site and still offer a competitive rate. We assembled two parcels to slide and rotate the building and adjusted grades to avoid the sub-surface granite.”

Transwestern’s Julian Brown and Brett Buckner of Ackerman & Co. will spearhead leasing efforts at the property.

 

About Ackerman & Co.

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

FRIEDMAN LEASES 12,962 SF OF OFFICE SPACE IN TROY, MICHIGAN

                                                                     FRIEDMAN LEASES 12,962 SF OF OFFICE SPACE IN TROY, MICHIGAN

Farmington Hills, Michigan (February 5, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased 12,962 square feet of office space located at Northridge Office Complex, 150 Kirts Blvd., Suite 150 in Troy, Michigan. The landlord, Fastlyne Associates, LLC, leased the space to Advance Telephone Customer Services.

Advanced Customer Services is a third-party call center providing their services to companies seeking to outsource inbound or outbound services such as customer service, help desk, direct marketing, lead generation and appointment setting. 

Robert Gagniuk, Associate, Brokerage Services at Friedman represented the tenant in this transaction. 


ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

CORE Annual Spring Meeting 2016

Save the date for The CORE Annual Spring meeting will be held at the Hotel 1000 in Seattle Washington on March 31st to April 2nd 2016. The meeting will begin on Thursday afternoon at 3:00pm and will conclude on Saturday morning by 10:00am.  For more information, contact Rachel Krupnick at  rkrupnick@corenetworkcre.org or 757-490-7871.

DRE Leases 11,086 Sq. Ft. of Office Space in Hampton Roads’ Southside

                                                                                                                          DRE Leases 11,086 Sq. Ft. of Office Space in Hampton Roads’ Southside

VIRGINIA BEACH, VA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of three leases totaling 11,086 square feet of office space across the Southside of Hampton Roads, Virginia.  Negotiations were handled through the Virginia Beach office of DRE.

Hampton Roads Hounds for Heroes leased 5,290 square feet of office/warehouse space located at 3207 Glasgow Street in Portsmouth.  Hampton Roads Hounds for Heroes provides specially trained rescued dogs to Veterans who have been medically diagnosed with a debilitating psychiatric injury.  The dogs are specifically chosen from local shelters and are professionally trained for emotional therapy, psychiatric service, or to be a companion, depending on the needs of the Veteran.  DRE’s Eric Hammond and Chris Bendit represented the tenant in the negotiations with the landlord, The Runnymede Corporation.

Academy Mortgage Corporationleased 2,946 square feet of office space in the Divaris-leased Lynnhaven Corporate Center II, located at 760 Lynnhaven Parkway in Virginia Beach.  Academy Mortgage Corporation is headquartered in Salt Lake City, Utah; has over 200 branch offices across the country; and is licensed to originate loans in 48 states and the District of Columbia.  The landlord, LCCII, Limited LP, was represented by DRE’s Vivian Turok and Elizabeth Paasch. 

Select Resource Group renewed its lease for 2,850 square feet of office/warehouse space in the Divaris-leased and –managed Parkway 4 located at 2697 International Parkway in Virginia Beach.  Headquartered in Charleston, SC, Select Resource Group provides a large variety of debt collection services for many types of businesses nationwide.  Bendit and Hammond handled the lease on behalf of the landlord, Continental Parkway, LLC.  

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN LEASES 6,994 SF OF OFFICE SPACE IN TROY, MICHIGAN

                                                                                                            FRIEDMAN LEASES 6,994 SF OF OFFICE SPACE IN TROY, MICHIGAN

 

Farmington Hills, Michigan (January 25, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased 6,994 square feet of office space located at Wilshire Plaza North, 900 Wilshire Drive, Suite 102 in Troy, Michigan. The landlord, West Huron Joint Venture, leased the space to Guardian Mortgage Company.

Guardian Mortgage Company is a home mortgage lending company focusing exclusively on residential home loans. 

Steve Eisenshtadt, Senior Vice President, and Keith Grebinski, Vice President, Brokerage Services at Friedman represented the landlord in this transaction. 


ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

FRIEDMAN LEASES 27,596 SF OF OFFICE SPACE IN FARMINGTON HILLS, MICHIGAN

                                                                                                                                                     FRIEDMAN LEASES 27,596 SF OF OFFICE SPACE IN FARMINGTON HILLS, MICHIGAN

 

Farmington Hills, Michigan (January 22, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services recently leased, 27,596 square foot office space located at Arboretum II, 34505 W Twelve Mile Road, Suite 300, in Farmington Hills, Michigan. The landlord, Arboretum II, leased the space to AGC Flat Glass North America (dba AGC Automotive Americas).

AGC Glass, a global business, is one of the largest manufacturers of glass and glass-related products in North America and offers innovative products for the automotive industry, as well as an extensive selection of glazing products for commercial, residential, interior and industrial applications.  The Farmington Hills office space will serve at its new North American automotive headquarters combining several locations and business functions into a single location and to meet its growing business. 

David Friedman, President and CEO, and Amit Hingorani, Associate, Brokerage Services at Friedman represented the landlord in this transaction. 

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

ABOUT AGC AUTOMOTIVE AMERICAS

AGC Automotive Americas is a leading Tier 1 OEM and aftermarket supplier of glass and glazing products.  AGC windshields, sidelites, backlites and sunroofs are produced and supplied from an in-house network of float, fabrication and value-added facilities throughout the United States, Canada and Mexico, strategically located within close proximity to its customers.  

The automotive division is a subsidiary of the AGC Group, having approximately $13.2 billion in annual sales worldwide in 30 countries within Glass, Electronic, Chemicals, and Ceramics/other business segments.

For more information, please visit: www.agc-automotive.com and www.agc.com

FRIEDMAN LEASES 8,600 SF OF OFFICE SPACE IN BLOOMFIELD HILLS, MICHIGAN

                                                                                 FRIEDMAN LEASES 8,600 SF OF OFFICE SPACE IN BLOOMFIELD HILLS, MICHIGAN

 

Farmington Hills, Michigan (January 22, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased 8,600 square feet of office space located at, 1015 Golf Drive in Bloomfield Hills, Michigan. 

Newly formed e-commerce group Gulf Stream Gardens, LLC, leased the space from landlord Sal Mar Cassar, LLC, for use as their brick and mortar headquarters and local warehouse.

Todd Hawley, Senior Vice President, represented the landlord in this transaction and Ryan Cohn, Senior Investment Advisor, Brokerage Services at Friedman represented the tenant in this transaction. 


ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

SCOTT SCHECHTER JOINS WEICHERT COMMERCIAL BROKERAGE AS VICE PRESIDENT

SCOTT SCHECHTER JOINS WEICHERT COMMERCIAL BROKERAGE AS VICE PRESIDENT

 

MORRIS PLAINS, NJ – January 22, 2016 – John G. Udell, president of Weichert Commercial Brokerage, Inc., is pleased to announce that Scott Schechterhas joined Weichert Commercial Brokerage as Vice President.

Having started his real estate career in residential, Mr. Schechter quickly realized he was more suited for the complicated nature of commercial real estate. For the past 11 years he has man­aged his strategic relationships with attorneys, bankers, municipal officers, architects and most importantly other agents to achieve his client’s goals.

Scott’s diverse professional experiences include working abroad on a cruise ship, Operations Manager for Herman’s World of Sporting Goods in NYC; top sales agent in Northern NJ for Marstan Industries (servicing the food In­dustry); Financial Consultant for Salomon Smith Barney; National Accounts Manager of media fixtures for such clients as DMX, Disney, Sony Pictures and Tommy Hilfiger, and President of a multi- line sports sales agency.

Mr. Schechter received his Bachelor of Arts degree in Business Administration from William Paterson University.  His areas of expertise include acquisition or sale of office, industrial, retail and multi-family properties and leasing of office, retail and industrial properties.

“We are extremely pleased to welcome Scott,” stated Udell. “Scott comes to us with vast professional experience, which will be an asset to our team as well as to his clients.”

Weichert Commercial Brokerage, Inc. is a leading commercial brokerage company with offices throughout New Jersey and Pennsylvania. Weichert Commercial consistently delivers the highest quality real estate services through its office, industrial, retail, investment, tenant representation and commercial land brokerage divisions.  Weichert Commercial is a proud member of the CORE network, a national network of select commercial real estate companies providing a full line of commercial real estate services to its member clients.  During the past thirteen years, NJ Biz Magazine has ranked Weichert Commercial in the top commercial real estate companies in NJ and CoStar Group, Inc. has ranked it in the Top Power Brokers in New Jersey since 2002.  For more information about Weichert Commercial Brokerage, call 973-267-7778 or visit the company’s website at www.weichertcommercial.com.

INTRODUCING CLASS A OFFICE/MEDICAL SPACE FOR LEASE IN MONMOUTH COUNTY

                                                                                                                                              INTRODUCING CLASS A OFFICE/MEDICALSPACE FOR LEASE IN MONMOUTH COUNTY

MORRIS PLAINS, NJ January 20, 2016 – John G. Udell, President of Weichert Commercial Brokerage, Inc., is pleased to introduce 234 Industrial Way W. Eatontown, New Jersey listed by Senior Vice Presidents Mario Chiarella and Peter E. Ricker.
 
234 Industrial Way West is a two building +/- 30,000 SF each Class A office complex. 234 IWW offers professional office and medical spaces ranging from 2,500 SF to 21,000 SF. It is easily accessible from GSP Exit 105, Routes 18, 36 and 35 and has a parking ratio of 6.5 spaces per 1,000 SF. The property is centrally located in the heart of Eatontown which gives it convenient access to the mayor hospital systems of Meridian Health and Barnabas Health.
 
234 IWW is under new ownership having recently been acquired by an investment group headed by The Donato Group of Eatontown, NJ.
 
Chiarella also recently sold 25 James Way, Eatontown, a 14,500 SF office building while representing The Donato Group.
 
For more information, please contact Mario Chiarella or Peter E. Ricker at 732-494-0778.
 
Weichert Commercial Brokerage, Inc. is a leading commercial brokerage company with offices throughout New Jersey and Pennsylvania. Weichert Commercial consistently delivers the highest quality real estate services through its office, industrial, retail, investment, tenant representation and commercial land brokerage divisions. Weichert Commercial is a proud member of the CORE network, a national network of select commercial real estate companies providing a full line of commercial real estate services to its member clients. During the past twelve years, NJ Biz Magazine has ranked Weichert Commercial in the top commercial real estate companies in NJ and CoStar Group, Inc. has ranked it in the Top Power Brokers in New Jersey since 2002. For more information about Weichert Commercial Brokerage, call 973-267-7778 or visit the company’s website at www.weichertcommercial.com.

MB REAL ESTATE TO LEASE 515 N. STATE STREET IN CHICAGO

MB Real Estate to Lease 515 N. State Street in Chicago

 

CHICAGO – MB Real Estate (MBRE) is pleased to announce the firm has been named as the exclusive leasing agent for FiveOneFive North State Street in Chicago. MBRE’s Sara Spicklemire, SVP/managing director, Kevin Donohoe, VP and Kelsey Scheive, AVP will lead the leasing efforts on behalf of property ownership, BCSP 515 North State Street LLC, an affiliate of Beacon Capital Partners LLC and Ivanhoe Cambridge/Callahan Capital Properties (IC/CCP).

“We are excited to add FiveOneFive North State to our leasing portfolio,” said Spicklemire. “The 29-story, Class A building is situated in River North, one of the City’s hottest submarkets. This prime location combined with ownership’s commitment to enhancing every aspect of the tenant experience, will transform the property and position it for success in this tight market.”

Located at the bustling intersection of State Street and Grand Avenue, FiveOneFive North State is a sleek, 650,000-square-foot building that offers 24,000-square-foot floor plates and access to the 24/7 lifestyle of Chicago’s vibrant River North Community. Through a $20+ million capital plan currently underway, the building will provide an abundant offering of tenant amenities, including a high-end fitness center featuring executive locker rooms with saunas, a 100-person conference center, tenant lounge, movie screening room, outdoor rooftop deck, bike storage, and a modernized lobby with additional retail. FiveOneFive is poised to provide both new and existing tenants with a “Transformed Workplace Built Around Life’s Essentials.” 

 FiveOneFive offers a unique opportunity for a large tenant requiring up to 350,000 square feet of contiguous office space, exterior signage and/or building naming rights negotiable as part of a new lease. Additionally, the building is planning to deliver a full-floor spec suite in early 2016.

The River North submarket offers 13.4 million square feet of office space and maintains a low vacancy rate of 8.6% (as of third quarter 2015). The area has gained 10 new residential developments in the last three years, with eight additional developments under construction. The six-block area surrounding FiveOneFive encompasses more than 26,900 people, 669 stores, and 563 restaurants and bars. It remains one of the hottest tech markets in the Chicago area.

 

About MB Real Estate Services Inc.

Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation; and Investment Services. Headquartered in Chicago, with regional offices in New York, Atlanta and Denver, MB Real Estate provides these services to corporations, institutions, professional organizations, private investors, and non-profit agencies. For more information, please visit www.mbres.com.

DRE’s Virginia Beach Team Brokers Purchase of 30,000 Square Feet

                                                                                                                                   DRE’s Virginia Beach Team Brokers Purchase of 30,000 Square Feet

VIRGINIA BEACH, VIRGINIA: Michael Divaris, president of Divaris Real Estate, Inc. (DRE), announced the sale of a 30,000-square-foot retail building on 2.5 acres of land on Jefferson Avenue in Newport News, Virginia. The deal was negotiated on behalf of the buyer by DRE’s Jason Oliver, CCIM and Erica Rorrer of Divaris Real Estate’s Virginia Beach office.

Grand Brands purchased the space at 11971 Jefferson Avenue for $3.25 Million. The 30,000-square-foot, big box property was formerly an Office Depot location. Grand plans to open an Ashley Furniture store at the site, which will be Ashley’s third location in Hampton Roads. Headquartered in Arcadia, Wisconsin, Ashley Furniture is the largest home furnishings maker and retailer in the United States.


About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; and Washington, DC.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 25 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.  DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

FRIEDMAN EARNS THE U.S. ENVIRONMENTAL PROTECTION AGENCY’S 2015 ENERGY STAR CERTIFICATION

                             FRIEDMAN EARNS THE U.S. ENVIRONMENTAL PROTECTION AGENCY’S 2015 ENERGY STAR CERTIFICATION ON 8 PROPERTIES

 

Farmington Hills, Michigan (December, 15 2015) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, is pleased to announce that eight of its managed properties in Michigan recently earned the U.S. Environmental Protection Agency’s (EPA’s) 2015 ENERGY STAR certification.

The properties that earned the EPA’s Energy Star certification represent over 1 million square feet and include; Wilshire North & West, 700 Tower & 5600 New King Drive in Troy, Mars Corporate Center in Southfield, Laurel Office Park III in Livonia, and North Valley I & II in Farmington Hills. The award signifies that the buildings perform in the top 25% of similar facilities nationwide for energy efficiency and meet strict energy efficiency performance levels set by the EPA.

Commercial buildings that earn the ENERGY STAR certification use an average of 35% less energy than typical buildings and also release 35% less carbon dioxide into the atmosphere. 

“EPA’s ENERGY STAR certification validates our work to save energy, reduce operating costs and further deliver value to our clients,” said Brian Bass, Director of Asset Management. “Through this achievement, we have demonstrated our commitment to environmental stewardship while also lowering our energy costs. We’re committed to expanding these efforts across our portfolio and look forward to earning further certifications.”

 


ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN SELLS A 26,202 SF INDUSTRIAL BUILDING IN PONTIAC, MICHIGAN

                                                            FRIEDMAN SELLS A 26,202 SF INDUSTRIAL BUILDING IN PONTIAC, MICHIGAN

 

Farmington Hills, Michigan (December 15, 2015) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 26,202 square foot industrial building located at 1450 E Highwood Boulevard, in Pontiac, Michigan. The seller, TSLLC Liquidation Company, LLC, sold the building to Knight Properties Group, LLC dba Knights Tent and Party Rental.

Knights Tent and Party Rental is a family-owned and operated company that supplies rental items for special occasions. 

Larry Schultz, Senior Associate, Brokerage Services at Friedman, represented the purchaser, and Mike Koenigbauer, Vice President, Brokerage Services at Friedman, represented the seller in this transaction. 



ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN LEASES 40,489 SF OF INDUSTRIAL SPACE IN TAYLOR, MICHIGAN

                                                                        FRIEDMAN LEASES 40,489 SF OF INDUSTRIAL SPACE IN TAYLOR, MICHIGAN

 

Farmington Hills, Michigan (December 14, 2015) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased 40,489 square feet of industrial space located at 21146 Trolley Industrial Drive, in Taylor, Michigan. The landlord, Trolley Investors, LLC, leased the space to KACE Logistics.

KACE Logistics provides logistics and supply chain solutions. It offers freight management, warehousing, part sequencing and kitting, trip tracker, custom packaging, parts sequencing, and air transport services. 

Bob Dabrowski, Senior Vice President, Industrial/Global Supply Chain, Brokerage Services at Friedman represented the tenant in this transaction. 



ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

AFTER COMPLETION OF RENOVATIONS, ONYX OFFICE BUILDING IN SOUTHFIELD ATTRACTS MULTIPLE NEW TENANTS

                                  AFTER COMPLETION OF RENOVATIONS, ONYX OFFICE BUILDING IN SOUTHFIELD ATTRACTS MULTIPLE NEW TENANTS 

 

Farmington Hills, Michigan (December 11, 2015) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased a total of 44,754 square feet of office space located at Onyx Office Building, 29777 Telegraph Road, in Southfield, Michigan. The landlord, Onyx Southfield, LLC, leased the space to University Bank, L and K Accounting PC and Great Expressions.

Great Expressions, who owns and manages over 200 dental practices, will occupy 26,900 square feet on the third floor. 

Located on Telegraph Road in Southfield, Onyx Plaza is in the heart of the Detroit metropolitan area and offers easy access to all major freeways. Onyx Plaza is a four story office building situated on an 11.88 acre site and is the only building in the suburbs offering contiguous 70,000 SF floor plates. The building features a mix of office and retail spaces with a sundry shop, café, tenant conference facility and an abundance of high-speed data and phone options. Under new management and ownership, Onyx Plaza has undergone significant renovations inside and will continue to attract more quality tenants. 

Jordan Friedman, Associate, Robert Gagniuk, Associate, and Greggory Kent, Associate, Brokerage Services at Friedman represented the landlord in these transactions. 


ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

FRIEDMAN SELLS A 105,717 SF MEDICAL OFFICE BUILDING IN CLARKSTON, MICHIGAN

                                                      FRIEDMAN SELLS A 105,717 SF MEDICAL OFFICE BUILDING IN CLARKSTON, MICHIGAN

 

Farmington Hills, Michigan (December 10, 2015) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 105,717 square foot office building known as Mid-Oakland Medical Center, 6770 Dixie Highway, in Troy, Michigan. 

Mid-Oakland Medical Center is comprised of a three-story, Class B medical office space with an overhead canopy at the main entrance driveway. This exceptionally well-maintained building features a two-story lobby atrium and on-site pharmacy for its diverse tenant roster.  The property’s location offers excellent connectivity to all of Metro Detroit given its proximity to major roadway systems Interstate 75 and Dixie Highway (US-24).

Rich Deptula, National Director, Investment Advisory Services at Friedman represented the seller in this transaction through Auction.com.



ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Ackerman & Co. Completes Acquisition of 4.1MSF Industrial Portfolio in Stone Mountain, Ga.

Ackerman & Co. Completes Acquisition of 4.1MSF Industrial Portfolio in Stone Mountain, Ga.

With the $135-million purchase, the firm now controls the largest group of industrial buildings in a single submarket

 

Atlanta, December 2, 2015 – Ackerman & Co. announced today it has completed the acquisition of Stone Mountain Industrial Park, a 4.1-million-square-foot purchase encompassing 69 buildings in the Tucker/Stone Mountain submarket of Atlanta, for $135 million. The properties were originally developed and master-planned by the seller, Pattillo Industrial Real Estate. Ackerman and Pattillo have been two of the leading Atlanta commercial real estate companies for the last 50 years.

 

Ackerman & Co. partnered with Investcorp – an alternative investment manager and active real estate investor in Atlanta and the Southeast – to complete the transaction, which closed 75 days from award of deal. "Both Ackerman and Pattillo have long and successful histories in Atlanta real estate,” said Kris Miller, President of Ackerman & Co. “Investcorp and Ackerman are fortunate to now own these well-built and strategically located properties," he added.

 

Stone Mountain Industrial Park has been maintained and managed by Pattillo since its original development. The diverse portfolio of shallow-bay industrial warehouses includes single-and multi-tenant configurations of front, rear and side-load designs ranging from 5,000 to 200,000 square feet. Most spaces offer outside storage.  

 

Cushman & Wakefield’s Stewart Calhoun, David Meline, Samir Idris and Casey Masters brokered the sale on behalf of Pattillo. “The Cushman team contributed significantly to the success of this complicated transaction and kept us on schedule,” said Miller.

 

“We congratulate Ackerman and Investcorp on their bold new investment. They are committed to an area that has a Community Improvement District, a newly incorporated City of Tucker and a sterling location that has served a strong business community for many years. Ackerman and Investcorp take leadership in this market at a moment that holds great potential,” said Larry Callahan, CEO of Pattillo Industrial Real Estate.

 

Twenty-five-year veteran and Ackerman & Co. Senior Vice President Brett Buckner, CCIM, SIOR, will manage the leasing and user-sales at Stone Mountain Industrial Park. Professional and on-site management will be provided by the Ackerman & Co. Property Management division.

 

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com

 

About Investcorp

 

Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in Bahrain, New York, London, Saudi Arabia and Abu Dhabi. Investcorp has three business areas: corporate investment in the U.S., Europe and the Gulf, real estate investment in the U.S and global hedge funds. As at June 30, 2015, the Investcorp Group had $10.6 billion in total assets under management (‘AUM’), including assets managed by third party managers where Investcorp receives fees calculated on the basis of AUM. Further information, including our most recent periodic financial statements, which details our assets under management, is available at www.investcorp.com.

FRIEDMAN LEASES 4,704 SF OF OFFICE SPACE IN FARMINGTON HILLS, MICHIGAN

                                                                   FRIEDMAN LEASES 4,704 SF OF OFFICE SPACE IN FARMINGTON HILLS, MICHIGAN

Farmington Hills, Michigan (December 1, 2015) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently leased 4,704 square feet of office space located at Park on the Green, 37899 W 12 Mile Road, Suite 320 in Farmington Hills, Michigan. The landlord, ZM Associates, LLC, leased the space to Elektrobit Automotive Americas.

Elektrobit Automotive Americas has established itself internationally as one of the most important suppliers of embedded software solutions for the automotive industry

Phil Konopitski, Senior Vice President, at Friedman represented the tenant and Robert Moon, Vice President, Brokerage Services at Friedman represented the landlord in this transaction. 



ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

DETROIT FREE PRESS NAMES FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS A WINNER OF THE STATE OF MICHIGA

                                                DETROIT FREE PRESS NAMES FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS A WINNER OF THE STATE OF MICHIGAN 2015 TOP WORKPLACES AWARD
 
 
Farmington Hills, Michigan (November 22, 2015) – Friedman Integrated Real Estate Solutions has been selected as one of the 2015 Top Workplaces by the Detroit Free Press. The Top Workplaces awards are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. 

“The Top Workplaces award is not a popularity contest. And oftentimes, people assume it’s all about fancy perks and benefits.” says Doug Claffey, CEO of WorkplaceDynamics. “But to be a Top Workplace, organizations must meet our strict standards for organizational health. And who better to ask about work life than the people who live the culture every day—the employees. 

“We are honored to be named by the Detroit Free Press as a Top Workplace.” said David Friedman, President and CEO of Friedman Integrated Real Estate Solutions. “I am proud of our team members who have a strong belief in where our organization is headed and know that we are all in this together.” Chuck Delaney, CFO, added that, “We have been successful in attracting and retaining top talent through a positive company culture that encourages collaboration, continual learning, and innovation.”

ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

ABOUT WORKPLACEDYNAMICS, LLC

Headquartered in Exton, PA, WorkplaceDynamics specializes in employee feedback surveys and workplace improvement. This year alone, more than two million employees in over 6,000 organizations will participate in the Top Workplaces™ campaign—a program it conducts in partnership with more than 40 prestigious media partners across the United States. Workplace Dynamics also provides consulting services to improve employee engagement and organizational health. WorkplaceDynamics is a founding B Corporation member, a coalition of organizations that are leading a global movement to redefine success in business by offering a positive vision of a better way to do business

Ackerman & Co. Completes a 22,176-Square-Foot Lease with D-BAT Baseball & Softball Academy

Ackerman & Co. Completes a 22,176-Square-Foot Industrial Lease with D-BAT Baseball & Softball Academy of Johns Creek in Georgia  

 

Atlanta, November 19, 2015 – Ackerman & Co. recently completed a long-term, 22,176-square-foot industrial lease with D-BAT of Johns Creek, one of the premier baseball and softball training facilities in the country. The property is located at 3985 Lakefield Court in Suwanee, Ga.  

Ackerman & Co. Vice President Joseph Harland, II, managed the site selection process and the lease on behalf of the tenant. The landlord was represented by GF Property Group, Inc.

"It was a challenge to find the just-right location to meet our exact requirements,” said Casey Cavell, founding partner. “However, this facility was an ideal match for the company," he added.  

Well established in Atlanta but new to the North Fulton submarket, D-BAT’s decision to open a new facility at this particular location was influenced in part by the current tenant mix, Get Air Trampoline Park and Crossfit. Together, the complimentary mix creates the right synergies and opportunities for future growth. Secondly, strong City of John’s Creek demographics and remarkable retail density (the second highest concentration of retail/restaurant amenities in the nation) added to the building’s appeal. Add the right dimensions, clear heights and parking, the fit was perfect.

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing best-in-class investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

 

For more information on Ackerman & Co., visit www.ackermanco.com

 

FRIEDMAN SELLS RETAIL POWER CENTER IN STERLING HEIGHTS, MICHIGAN

FRIEDMAN SELLS RETAIL POWER CENTER IN STERLING HEIGHTS, MICHIGAN

 

Farmington Hills, Michigan (August 26, 2015) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold The Forum at Gateways, located at 44575-44833 Mound Road, in Sterling Heights, Michigan, at auction on August 24, 2015.

The Forum at Gateways is a 258,105 SF retail power center located in Metro Detroit’s second largest city, Sterling Heights. This value-add asset is ideally located in a highly-developed and densely-populated residential and commercial area along M-59.  The property was sold on Auction.com.  This asset was highly sought after by multiple national and international buyers.  This $20M plus sale is just one of several sales the Friedman Investment Team has successfully auctioned off in the last 60 days.  The Team has sold over $40M of investment real estate in the last 60 days alone.

Barry Swatsenbarg, National Director, Investment and Loan Advisory Services, and Rich Deptula, Senior Vice President, Investment and Loan Sale Advisory Services, at Friedman represented the seller in this transaction. 



ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS

As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: www.friedmanrealestate.com.

Ackerman & Co. Names Leo Wiener Head of Retail

Ackerman & Co. Names Leo Wiener Head of Retail

Industry veteran to spearhead retail development, acquisitions, and leasing and management growth across the Southeast

 

Atlanta, August 21, 2015 –  Ackerman & Co. welcomes Leo Wiener as President of Ackerman Retail. In this role, Wiener will focus on strengthening and expanding Ackerman’s retail platform throughout the Southeast.

Wiener brings more than 25 years of experience, as well as depth and knowledge, to his new role. He will work closely with Ackerman’s other service line leaders, including Kris Miller, President of Ackerman & Co.; F. Keene Miller, President of  Brokerage; Vivian Barnes, EVP and CFO, Property Management and Financial Services to seamlessly integrate its client retail services across service lines.

“We are very excited to have Leo on board,” said Kris Miller. “We look forward to his contributions to our existing and future retail development and leasing and management initiatives.”  

Wiener is charged with growing Ackerman’s existing one-million-square-foot retail portfolio to roughly three million square feet of leasing and management in the next 12-18 months.  Additionally, he plans to secure leases to start two to three projects in the same timeline.  

Prior to joining Ackerman, Wiener was a Principal and Partner of Glenwood Development Company, concentrating on retail development and re-development in the Southeast and Mid-Atlantic, directing many of its key acquisitions, dispositions and financing. Leaning on his previous successes at Glenwood, Wiener plans to bring that same focus to Ackerman. “The company’s reputation is second to none, especially in Atlanta” he said. “Our goal is to leverage Ackerman’s existing client, debt and equity relationships to attract new investment deals and partnerships.”  Wiener also serves as Chairman of the Gwinnett Place Community Improvement District, a position he has held since 2011.

Ackerman & Co. is a recognized leader in the retail arena, having developed more than 100 properties across the Southeast including both urban and suburban commercial developments and inner city redevelopments, valued at more than $2 billion. Notable Atlanta retail projects include Tower Place, a 1,100,000-square-foot, multi-use development; Midtown Promenade, an 85,000-square-foot neighborhood shopping center; and the redevelopment of a 61,829-square-foot project for Academy Sports & Outdoor.

 

 

About Ackerman & Co.

 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

 

For more information on Ackerman & Co., visit www.ackermanco.com