LAKE WORTH, FL—Veteran senior housing executive Michael J. Brown, Jr. has been named executive director of the $105 million upscale Atria at Villages of Windsor senior living rental community in Lake Worth. Atria Senior Living announced the appointment of Brown and community sales director Michael Kolesar. Both have served in executive roles at multiple communities for the firm. Brown most recently was executive director of an Atria Senior Living community on Long Island, NY. He began working in the senior housing industry in 1998 and joined Atria Senior Living 12 years ago. He previously served in the US Air Force and the Air National Guard for a combined 14 years. He attended Indiana University. Kolesar, who leads Atria at Villages of Windsor's leasing and community engagement, has more than 20 years of hospitality industry sales and operations experience and has served in sales and training roles with Atria Senior Living since 2011.

DEAL TRACKER

MIAMI—Marcus & Millichap brokered the sale of 1716 Northwest 19th Street, a 10-unit multifamily property in Miami. The asset sold for $1 million. Evan P. Kristol, senior managing director of Investments, Felipe J. Echarte, first vice president of Investments, and Alejandro J. Gonzalez, associate, represented both the buyer and seller, private investors in Miami. The 10-unit multifamily building consists of one building on a total of 0.156 acres of land and was built in 1962. “The subject property was in impeccable condition and in a great location within the up and coming Allapattah neighborhood,” says Gonzalez. “Moreover, this opportunity offers the new owner upside potential in rental income and minimum capital improvements to be made in the near future.”

TAMPA, FL—Cushman & Wakefield's Florida Asset Services Group secured the management rights to 33 buildings totaling 2.4 million square feet throughout Central Florida. The buildings are spread over 16 sites and comprise a mix of industrial, office, flex and retail space. These recent successes build on the tremendous momentum Cushman & Wakefield's Asset Services Group has established in Florida since 2013. The properties include Beachline Distribution Center and Crossroads Business Park in Orlando; Benjamin Distribution Center and Thompson Center I & II in Tampa; Konica Minolta in Saint Petersburg, FL; Northdale I and II in Tampa; 4500 Seaboard in Orlando; Benjamin Centers VII and IX in Tampa, and several others.

TAMPA, FL—As demand intensifies for industrial space across Central Florida, JLL completes two lease transactions totaling 302,875 square feet of warehouse distribution space with Plastipak Packaging at two commercial properties. The national provider of packaging solutions is expanding its current space at 5200 Region Court in Lakeland from 60,000 square feet to 112,557 square feet and has inked a 190,270-square-foot renewal at Lakeland Distribution Center located at 7105 New Tampa Highway. With the signing of these deals, both properties have reached 100% occupancy. JLL associate Ryan Vaught represented the ownership for both properties GLP, one of the world's largest providers of modern logistics facilities, in the two lease negations.

BOCA RATON, FL—Cushman & Wakefield has been named exclusive leasing agent for Boca Village Corporate Center, a 108,550-square-foot class A office building at 4855 Technology Way. Managing director John K. Criddle and senior associate Joseph J. Freitas were selected to lease the building by Brazilian investor AGS Properties Corporation. As one of the five newest buildings in Palm Beach County, the seven-story asset features five stories of office space with high-end finishes throughout, hurricane-rated impact glass and three floors of covered and attached parking. It is one of the few class A buildings in Palm Beach County with a fully redundant back-up generator capable of powering the entire facility for one week. The building is LEED Silver-certified by the US Green Building Council.

BUILDING BLOCKS

SINGER ISLAND, FL—National construction firm Wieland and developer Third Palm Capital commemorated the topping off of VistaBlue Singer Island, a boutique oceanfront condominium located along the coast of Florida's Palm Beaches. Construction commenced on the high-profile project—the first luxury condominium to be built on the island in nearly a decade—in late 2015, and the building is on schedule to be completed in January 2018. Designed by architect GliddenSpina, the 19-story condominium tower offers 58 residences overlooking a pristine private beach with prices ranging from $1.4 million to nearly $8 million for penthouse residences. Award-winning design firm Interiors by Steven G designed all of the residences and amenity spaces.

Early this week in Florida, Central and South Florida deals are making headlines. But North Florida has some interesting statistics to share and smaller submarkets are seeing some news.

BY THE NUMBERS

The Florida Panhandle industrial market closed 2016 with 849,000 square feet of positive absorption in the second half of 2017. Meanwhile, retail and multifamily investment continued to be assets of choice throughout 2016. All told, over 500,000 square feet of retail product delivered in the Panhandle in 2016. (Source: CBRE)

NEWS & NOTABLES

LAKE WORTH, FL—Veteran senior housing executive Michael J. Brown, Jr. has been named executive director of the $105 million upscale Atria at Villages of Windsor senior living rental community in Lake Worth. Atria Senior Living announced the appointment of Brown and community sales director Michael Kolesar. Both have served in executive roles at multiple communities for the firm. Brown most recently was executive director of an Atria Senior Living community on Long Island, NY. He began working in the senior housing industry in 1998 and joined Atria Senior Living 12 years ago. He previously served in the US Air Force and the Air National Guard for a combined 14 years. He attended Indiana University. Kolesar, who leads Atria at Villages of Windsor's leasing and community engagement, has more than 20 years of hospitality industry sales and operations experience and has served in sales and training roles with Atria Senior Living since 2011.

DEAL TRACKER

MIAMI—Marcus & Millichap brokered the sale of 1716 Northwest 19th Street, a 10-unit multifamily property in Miami. The asset sold for $1 million. Evan P. Kristol, senior managing director of Investments, Felipe J. Echarte, first vice president of Investments, and Alejandro J. Gonzalez, associate, represented both the buyer and seller, private investors in Miami. The 10-unit multifamily building consists of one building on a total of 0.156 acres of land and was built in 1962. “The subject property was in impeccable condition and in a great location within the up and coming Allapattah neighborhood,” says Gonzalez. “Moreover, this opportunity offers the new owner upside potential in rental income and minimum capital improvements to be made in the near future.”

TAMPA, FL—Cushman & Wakefield's Florida Asset Services Group secured the management rights to 33 buildings totaling 2.4 million square feet throughout Central Florida. The buildings are spread over 16 sites and comprise a mix of industrial, office, flex and retail space. These recent successes build on the tremendous momentum Cushman & Wakefield's Asset Services Group has established in Florida since 2013. The properties include Beachline Distribution Center and Crossroads Business Park in Orlando; Benjamin Distribution Center and Thompson Center I & II in Tampa; Konica Minolta in Saint Petersburg, FL; Northdale I and II in Tampa; 4500 Seaboard in Orlando; Benjamin Centers VII and IX in Tampa, and several others.

TAMPA, FL—As demand intensifies for industrial space across Central Florida, JLL completes two lease transactions totaling 302,875 square feet of warehouse distribution space with Plastipak Packaging at two commercial properties. The national provider of packaging solutions is expanding its current space at 5200 Region Court in Lakeland from 60,000 square feet to 112,557 square feet and has inked a 190,270-square-foot renewal at Lakeland Distribution Center located at 7105 New Tampa Highway. With the signing of these deals, both properties have reached 100% occupancy. JLL associate Ryan Vaught represented the ownership for both properties GLP, one of the world's largest providers of modern logistics facilities, in the two lease negations.

BOCA RATON, FL—Cushman & Wakefield has been named exclusive leasing agent for Boca Village Corporate Center, a 108,550-square-foot class A office building at 4855 Technology Way. Managing director John K. Criddle and senior associate Joseph J. Freitas were selected to lease the building by Brazilian investor AGS Properties Corporation. As one of the five newest buildings in Palm Beach County, the seven-story asset features five stories of office space with high-end finishes throughout, hurricane-rated impact glass and three floors of covered and attached parking. It is one of the few class A buildings in Palm Beach County with a fully redundant back-up generator capable of powering the entire facility for one week. The building is LEED Silver-certified by the US Green Building Council.

BUILDING BLOCKS

SINGER ISLAND, FL—National construction firm Wieland and developer Third Palm Capital commemorated the topping off of VistaBlue Singer Island, a boutique oceanfront condominium located along the coast of Florida's Palm Beaches. Construction commenced on the high-profile project—the first luxury condominium to be built on the island in nearly a decade—in late 2015, and the building is on schedule to be completed in January 2018. Designed by architect GliddenSpina, the 19-story condominium tower offers 58 residences overlooking a pristine private beach with prices ranging from $1.4 million to nearly $8 million for penthouse residences. Award-winning design firm Interiors by Steven G designed all of the residences and amenity spaces.