Franklin Street merges with Pappas Retail

Wednesday, March 3rd, 2010

TAMPA - Two of the leading retail management and leasing companies in west central Florida announced they are merging, forming Franklin Pappas Management & Leasing LLC. The new company is a combination of Franklin Street Financial Partners’ subsidiary Franklin Street Management Services and Pappas Retail Leasing & Management.

Ian Black reports new transactions

Wednesday, March 3rd, 2010

SARASOTA - Ian Black Real Estate reported the following lease transactions.

Cynthia Kasper Hypnotherapy Inc. leased 700sf from IME Office Parks LLC for one year at Northwood Business Park at 5104 N. Lockwood Ridge Road in Sarasota. Debbie Anglin of Ian Black Real Estate handled the transaction.

Suncoast Work Force leased 2,000sf from Lena Place LLC for six months at the K-Centre, at 862 62nd St. Circle East, #101 in Bradenton. Debbie Anglin and Steve Horn of Ian Black Real Estate handled the transaction.

Osprey reports 4Q09 transactions

Tuesday, February 23rd, 2010

ST. PETERSBURG - Osprey Real Estate Services announced the completion of the following commercial real estate lease transactions during the fourth quarter of 2009.

Hunter Douglas Fabrication Company sold its 131,800sf manufacturing, warehouse and office building on approximately 5.5 acres of land at 3001 Gateway Center Parkway, Pinellas Park, to Oettinger Davidoff Group for their new U.S. headquarters. Paula Clair Smith, CCIM, commercial associate with Osprey Real Estate Services, was the seller’s representative that consummated the transaction on behalf of Hunter Douglas.

Commercial Partners closes new leases

Thursday, February 4th, 2010

ST. PETERSBURG - Commercial Partners Realty Inc. announced the following recent transactions:

- The sublease of 10,500sf of office space at 14044 Icot Blvd., Clearwater, to Inventor’s Business Center. Broker Scott Clendening represented the sublessor, Continuum Healthcare.

- The lease of 15,000sf of office space at 1451 Channelside Drive, Tampa. Erik Anderson represented the tenant, PCL/Archer West in the $530,200 transaction.

- The lease of 8,000sf of industrial space at 3102 4th Ave., Tampa. Erik Anderson represented the tenant, PCL/Archer West.

M&M secures $20.5M MHC sale

Friday, January 29th, 2010

HUDSON - Marcus & Millichap Real Estate Investment Services brokered the sale of Club Wildwood MHP, a 478-space senior manufactured housing community in Hudson. The sales price of $20.5 million represents $42,887 per space.

Dan Mulkey, a vice president investments in the firm’s Tampa office, represented the buyer, Arizona-based National Home Communities LLC.

The property is at 770 Parkway Blvd. Club Wildwood was developed between 1974 and 1979. The park features 474 doublewide and four singlewide coaches.

Colliers Arnold forms commercial services team

Wednesday, January 27th, 2010

CLEARWATER - Colliers Arnold has recently formed a team of real estate professionals to specifically service the needs of the local tri-county area’s commercial investment property owners.

The team’s focus will be to assist local owners of properties with estimated values of $5 million dollars or less in analyzing their property values based on current local market conditions.

The Colliers Arnold Commercial Services team is led by Carol Warren, CCIM, vice president of commercial services, and James Parker, CCIM, director of commercial services.

Tremont advises on $20.5M MHC sale

Wednesday, January 27th, 2010

HUDSON - The Chicago office of Tremont Realty Capital advised the owner on the sale of Club Wildwood, an age restricted, 478-site manufactured housing community in Hudson.

Tom Lorenzini, a managing director with Tremont, advised Club Wildwood LLC in the disposition of Club Wildwood to National Home Communities (NHC), a Phoenix-based owner/operator of high quality manufactured housing communities.

NHC was represented by the Tampa office of Marcus and Millichap. The property was 95% occupied at the time of closing.

LandQwest launches Tampa Bay office

Wednesday, January 6th, 2010

FORT MYERS - LandQwest Commercial, a commercial real estate brokerage firm in Southwest Florida, has announced its expansion in the Tampa Bay market with the opening of its new office in Lutz. It also announced the appointment of Marshall Bigler as managing broker for the new office.

LandQwest Commercial Tampa Bay has already been named the exclusive leasing agent for two Tampa area shopping centers owned by Inland American Retail Management, a national REIT.

FGCAR, CCIM present 2009 service awards

Wednesday, January 6th, 2010

TAMPA - Florida Gulfcoast Commercial Association of Realtors and the Florida West Coast CCIMs held their year-end luncheon at the Rusty Pelican in Tampa. President Scott Clendening recognized various FGCAR members for their service to the association.

Bill Alton, NAI Tampa Bay, and Marilyn Hett of Hillsborough County Economic Development were recognized as Committee Chairs of the Year for their work with FGCAR’s Education Committee and Third Thursday Luncheon Committee respectively.

Bruce Strumpf Inc. marks 30th anniversary

Monday, January 4th, 2010

CLEARWATER - Shopping center management firm Bruce Strumpf Inc. is celebrating its 30th anniversary this year.

Founded by the late Bruce Strumpf, the company is currently run by his daughter, Jill Strumpf, president, who worked by his side for more than 20 years.

BSI currently manages more than 40 properties totaling in excess of 3.5 msf. The properties are on the east coast, west coast and throughout Central Florida.