Archive for July, 2015
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that Christian J. Johannsen, CCIM, has joined the firm as a Managing Director. Mr. Johannsen brings to NAI/Merin Hunter Codman over four decades of commercial real estate experience and industry relationships. He will focus on capital advisory services for institutional-quality assets including debt/equity placement, bridge and mezzanine financings, structured finance, and capital markets executions, among other advisory and placement services. Mr. Johannsen joins the firm from NAI Miami — which like NAI/Merin Hunter Codman is part of the NAI Global network. He held top executive positions at various other high-profile Florida brokerage firms over the course of his career and has over $4 billion of commercial real estate sales and financings to his merit. Mr. Johannsen has also, over the years, served as an instructor for the Commercial Investment Real Estate Council and as an Adjunct Professor at both Broward Community College and Palm Beach Community College.
“We feel very fortunate to have an opportunity to add to our team a senior commercial real estate executive with a sophisticated background and extensive institutional experience,” said Jordan C. Paul, CEO of NAI/Merin Hunter Codman. “Christian Johannsen will be an extremely valuable addition to our firm as we continue to expand the depth of our capital advisory and financing services.”
Added Jeremy Larkin, Co-Chairman at NAI Miami, “We support Christian’s life decision to return to his roots in Palm Beach County. While he will be missed in Miami, we were thrilled to work in tandem with Christian and the NAI/Merin Hunter Codman team. We have a long history of shared transactions with NAI/Merin Hunter Codman and believe Christian’s transfer to their offices will only strengthen our bond.
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Expansive South Florida industrial park moves quickly toward vertical in time for businesses to meet burgeoning trade implications from Panama Canal widening
Miami, Fla. – Skyfarm Strategic Capital LLC (“SkyFarm”), a Miami-based diversified development and acquisition company, today announced that it has awarded PRP Construction a multi-million dollar contract for the site development of Florida Commerce Park, a 100-acre industrial park in Martin County, Florida. PRP Construction is a South Florida minority women-owned business involved in road building, excavation and site-work. Florida Commerce Park, located in Indiantown, is one of the largest industrial developments ever undertaken in Martin County. The park is fast-tracked with “permit-ready parcels” so businesses can begin vertical development immediately following initial infrastructure work. PRP Construction will begin site development immediately, working alongside Mancil’s Complete Sitework, a premier regional earthwork contracting firm. PRP and Mancil’s expertise, together with the permit-ready sites, will enable Florida Commerce Park to have completed buildings by year-end. That timing is prior to the opening of the widened Panama Canal (1st quarter 2016), which is expected to further thrust South Florida into prominence as an international transport hub.
“PRP Construction and Mancil’s are well qualified to deliver on our aggressive site-timelines, which will help enable businesses to be up and operating at Florida Commerce Park in less than a year,” said Jeremy Shapiro, Director of Corporate Real Estate Development for Skyfarm Strategic Capital. “Industries locating at our park will be extremely well situated to immediately capitalize on regional and international trade growth.” Shapiro noted a lack in South Florida of large tracts of developable land for industrial use, which coincides with significant absorption of industrial space that does exist.
Florida Commerce Park, which will encompass up to 1.3 million square feet of industrial space, is situated at a crossroads of commerce in South Florida. The industrial park is located in a secure, inland location, adjacent to CSX’s main rail line and critical intermodal roadway systems, and the park is within close driving distance to ports in Palm Beach, Fort Lauderdale and Miami. The park’s expedited development timeline comes at an opportune time for trade and industry as the soon-to-be complete Panama Canal expansion will double its capacity and have significant trade implications for Florida. Furthermore, the park is situated in a strong path of regional growth, providing easy access for companies operating within Florida. The park also features exceptional broadband capacity and uninterrupted and redundant clean energy sources.
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West Palm Beach, Fla. — NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that it has leased prime retail space on US 1 in Tequesta, Florida to Pet Supermarket, one of North America’s largest pet supply retailers. The Sunrise-headquartered retailer signed a long-term lease for 6,700 square feet of space at Village Square of Tequesta, establishing the chain as the only large pet retailer in the city and pointing to the continued success of the industry in general. Pet Supermarket now has more than 150 stores nationwide with over 100 in Florida alone. One of the primary industry trade publications, Pet Business, refers to the pet supply industry as a “powerhouse of growth,” reflective of continually increasing pet ownership in the U.S. Approximately one-third of all households in America own a dog and nearly as many are cat-owners.
“There was a void in northern Palm Beach County for a leading pet specialty store, and Pet Supermarket will fill that void in a prime location,” said Bruce Corn, Managing Director of the Retail Services Group of NAI/Merin Hunter Codman. “The location offers exceptional visibility with 30,000 cars driving by on US 1 daily.” Mr. Corn negotiated the new lease on behalf of the property owners, Tequesta Investors, LLC.
Village Square at Tequesta is a 74,000 square-foot strip center on US 1 at Tequesta Drive in Tequesta, which is the northernmost city in Palm Beach Country. Martin County lies to the north. The new Pet Supermarket is expected to service pet owners in both counties. The store began build-out this month and is expected to have a grand opening prior to year-end. The new store’s address will be 229 US 1 in Tequesta.
Click here to read the full press release.