West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, is pleased to announce that Director, Lesley Sheinberg has been named its’ 2016 Broker of the Year after completing 250,000 square feet in commercial transactions in 2016.
Ms. Sheinberg, a 20-year commercial real estate veteran, specializes in office leasing and investment sales for a wide variety of institutional and private equity clients including JP Morgan, Equus Capital Partners and Lionstone Investments. She is also recognized as a leading Palm Beach County medical office expert whose clients include South Florida Gastroenterology for whom she provides disposition advisory and landlord representation and ChenMed, a national primary care physician practice committed to bringing superior health care to moderate-to-low-income seniors, for whom Ms. Sheinberg provides advisory and site selection services throughout the state of Florida.
Significant 2016 transactions included her representation of the Landlord in Palm Beach County’s largest single 2016 lease transaction, the 42,000 square foot headquarters relocation of the Health Care District of Palm Beach County to Flagler Waterfront located at 1515 Flagler Drive in West Palm Beach. Other significant transactions in 2016 included the 21,000 square foot biomedical lease to Zimmer Biomet Holding’s Biomed 3i, LLC division, a global leader in musculoskeletal health, at Golden Bear Plaza, 11760 & 11760 US Highway One in Palm Beach Gardens; and the 17,000 square foot renewal and expansion of the headquarters for Jupiter Medical Center at the Jupiter Medical and Technology Park located at 1701 N Military Trail in Jupiter.
Ms. Sheinberg is an active leader in Palm Beach County who embodies NAI/Merin Hunter Codman’s commitment to service in its local community. She currently serves as a board member of the AEC Trendsetters of Florida and is a member of the PGA Corridor Association and the Palm Beach County Medical Association. Ms. Sheinberg also plays an active role for Adopt-A-Family of the Palm Beaches. A former dancer and dance and gymnastics instructor, Ms. Sheinberg is a New York native who spent five years as a commercial real estate broker in New York, specializing in tenant representation, prior to moving to Florida and joining NAI/Merin Hunter Codman in 2003.
Jordan Paul, Chief Executive Officer, of NAI/Merin Hunter Codman stated, “We are very proud of Lesley Sheinberg and the outstanding service she has provided to our clients and community throughout the years. Lesley is a tenacious, creative and resilient person who always goes the extra mile for her clients. She gets things done with a smile on her face and a positive personality that makes people want to do business with her and our firm.”
Ms. Sheinberg stated, “Grateful, summarizes my reflection on 2016. I am grateful for the outstanding clients that I have had the opportunity to help and I am grateful to work for a company like NAI/Merin Hunter Codman, a full service commercial real estate company that is dedicated to serving its community and who provides me with all of the tools and resources needed to allow me to advise and service clients, not only locally, but worldwide.”
CLICK HERE to read the full press release.
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, is pleased to announce that it completed Palm Beach County’s largest office lease transaction for the year 2016. In December of 2016 the Health Care District of Palm Beach County signed a 7.5 year, 42,000 square foot lease at Flagler Waterview located at 1515 N Flagler Drive, West Palm Beach. Chairman of NAI/Merin Hunter Codman, Neil E. Merin, SIOR, CCIM represented the tenant. Mr. Merin along with Director, Lesley Sheinberg, NAI/Merin Hunter Codman’s Broker of the Year, and Commercial Associate, Matt Hedrick represented the Landlord, 1515 Flagler Property LP. The lease represented a strong end for a record year in which NAI Merin Hunter Codman completed approximately 1,000,000 square feet in lease transactions and over $250,000,000 in sales.
The Health Care District of Palm Beach County, an independent taxing district, is a safety-net health care system formed in 1988 when residents voted to create a healthier community. The Health Care District of Palm Beach County provides an array of health care services, such as a nationally-recognized Trauma System, a School Health program with registered nurses in nearly 170 public schools, health coverage programs for eligible, uninsured residents, an acute care hospital, a skilled nursing facility, and the C.L. Brumback Primary Care Clinics. Currently located in Palm Springs, the Health Care District of Palm Beach County retained NAI Merin Hunter Codman Chairman Neil E. Merin, SIOR, CCIM and his team to represent them in identifying and securing a new headquarters space. The Health Care District of Palm Beach County will be moving their headquarters to Flagler Waterview in the summer of 2017.
CLICK HERE to read the full press release.
West Palm Beach, Fla. – It has been a busy few months for NAI/Merin Hunter Codman. Since June of this year, Palm Beach County’s largest privately held commercial real estate services firm has represented buyers and sellers in approximately $250 million of commercial real estate sales. The investment properties included office, retail and multifamily properties and ranged in size from just under one million to over seventy million dollars.
NAI/Merin Hunter Codman’s Investment Sales Team led by Chairman Neil E. Merin, SIOR, CCIM, Capital Markets Specialist Christian J. Johannsen, CCIM, Retail Specialist Spencer Grossman and Multi-Housing Specialist Wendy Pierre, CCIM, facilitated almost a quarter billion dollars of investment sales transactions representing a variety of institutional and private equity clients. NAI/Merin Hunter Codman accomplished its clients’ goals over what is normally a sluggish summer period in a year which has been notable for a nationwide slowdown in investor demand. In several cases NAI/Merin Hunter Codman’s Capital Markets team was also able to assist its clients by arranging financing for the properties. The firm which also manages and leases approximately 5 million square feet of office, retail and industrial property throughout Palm Beach County has established itself as one of Palm Beach County’s premier investment sales brokers.
Jordan Paul, Chief Executive Officer of NAI/Merin Hunter Codman stated, “Florida, in general, and Palm Beach County, in particular, have continued to be very attractive investment targets in a year where we have seen investors pull back due to economic and political uncertainty. Notwithstanding that perception, our area has benefitted from steady growth in rental rates and absorption along with positive demographic trends that should allow that growth to continue. We are very pleased that our team has been able to effectively convey all that is positive about Florida and Palm Beach County on behalf of our clients. We have a diverse and experienced group of brokers who have done a tremendous job this year representing our clients on a wide variety of investment sales. Our team has combined our market knowledge with the access we have to investors worldwide through our affiliation with the NAI Global network, which has over 375 commercial real estate offices located throughout the world, to provide our clients with an extraordinary level of exposure and outstanding transaction executions for their commercial properties.”
CLICK HERE to read the full press release.
Construction is underway at Palm Beach Gardens newest contemporary office/tech park: Gardens Innovation Center! Tenants will enjoy the crisp, clean lines and modern flair of contemporary and eco-friendly architecture located in a refined and desirable Palm Beach Gardens location.
The property will feature: two new contemporary office buildings, innovative and modern design with high ceilings and first class finishes, and a wide variety of efficient floor plans.
Gardens Innovation Center is located at the signalized intersection of Hiatt Drive and Northlake Boulevard, in the prestigious PGA National Commerce Park. The property offers easy access to the Florida Turnpike and is minutes away from I-95, PGA National Resort & Spa and the Gardens Mall.
CLICK HERE for more information.
NAI/Merin Hunter Codman, Inc. is pleased to bring to market 45th Street Plaza, a 128,362 SF retail shopping plaza that offers investors multiple ways to completely redevelop the asset. The plaza was constructed in 1985 with renovations in 1997 and rests on 9.68 acres in West Palm Beach, FL. Existing national and local tenants offer an in place income while implementing a value-add strategy. The adjacent 1.15 acres of land on South Tiffany Drive can be made available, and the property has the ability to create multiple out-parcels.
CLICK HERE for more information.
Florida Commerce Park welcomes a new week of promise after a busy couple days of exciting events. On Thursday, November 12th, over 30 local government workers, dignitaries, politicians, industry leaders, and business owners attended the Ground Breaking Ceremony of the 100-acre industrial park. The site breaths new life into Indiantown as one of the largest industrial developments undertaken in Martin County. The park is fast-tracked with “permit-ready parcels” so businesses can begin vertical development immediately following initial infrastructure work.
On Friday, November 13th, over 20 local commercial real estate brokers gathered for a property tour of the site, followed by lunch and shooting at the South Florida Shooting Club. Brokers are excited at the possibility of the multiple uses approved at Florida Commerce Park, which far surpasses what other local industrial sites are approved for.
CLICK HERE for the most recent Florida Commerce Park news as well as more pictures from both days events.
For sales & leasing inquires contact: Richard Economou or Ryan Dinsdale, CCIM at 561 471 8000
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.
Click here for the full press release.
Thank you to everyone who joined us at Fairway Office Park’s Third Annual Honda Classic Broker Luncheon. Neil Merin, SIOR, CCIM, Jason Sundook, SIOR and Lesley Sheinberg, NAI/Merin Hunter Codman hosted over 45 brokers from top commercial real estate firms throughout South Florida for lunch, libations, and tours of the beautiful suites available at Fairway Office Park. After lunch, guests were shuttled to watch the PGA’s Honda Classic tournament at one of the most popular spots, the Gosling’s Dark ‘N Story Bear Trap. The Bear Trap offers exciting views of the 16th hole and all the action on the signature par 3 17th hole.
We love co-hosting this event with Fairway Office Park for a variety of reasons:
1. Proceeds from Honda Classic tickets benefit a number of South Florida charities through Children’s Healthcare Charity and the Nicklaus Children’s Health Care Foundation
3. We get to enjoy a great afternoon with colleagues from across South Florida
4. Prizes! We love to give our guests prizes. 2015 winners of a $200 Capital Grill Gift Card, $100 Palm Beach Golf Center Gift Card and $50 Visa Gift Card were, John Geisen of Colliers, Kevin Landers of Savills Studley and Kerry Jackson, SIOR of Reichel. Congrats!
Fairway Office Park is a stunning Class-A office park nestled on a lush 16-acre campus within the prestigious PGA National Resort community, and location of the annual Honda Classic tournament. Offering direct access to the Florida Turnpike and just minutes from numerous Palm Beach Gardens amenities, Fairway Office Park is a smart choice for you or your clients office needs.
South Florida to Benefit From One of Largest Industrial Land Developments in Recent Years: Florida Commerce Park
Park is Ready, Redundant & Sustainable and at Crossroads of Commerce; Park Anticipates Burgeoning Business Related to Expansion of Panama Canal
Miami, Fla. – Skyfarm Strategic Capital LLC (“SkyFarm”), a Miami-based diversified asset management company, today announced that it has received approval to develop a 100-acre industrial park in Indiantown in Martin County, South Florida. The development, Florida Commerce Park, represents one of the largest non-residential land developments in recent South Florida history, and with up to 1.3 million buildable square feet is by far the largest industrial development ever undertaken in Martin County. Florida Commerce Park’s approval comes at an opportune time for trade and industry in South Florida as the Panama Canal expansion, nearing completion, will double the canal’s capacity and have significant trade implications for South Florida. Florida Commerce Park is primed to capitalize on that trade proliferation. The park is situated at a crossroads of commerce — along DOTs critical intermodal roadway system and CSX’s main rail — offering easy access to Florida’s east and west coasts, and the park is only 1.5 hours from PortMiami and even closer to Fort Lauderdale’s Port Everglades. Florida Commerce Park is also “shovel-ready” meaning that businesses can obtain permit-ready parcels —1.4-100 acres in size — saving up to 12 months of permit-processing time. Project development of the park will begin within two months.
“Florida Commerce Park is situated at a crossroads of commerce in South Florida. The park is in an ideal location for trade to and from Latin and South America, Asia, and the Caribbean including trade transiting the Panama Canal,” said Jeremy Shapiro, Director of Corporate Real Estate Development for Skyfarm Strategic Capital. “The park is in a superior logistical location and features exceptional broadband capacity and uninterrupted clean energy sources. Florida Commerce Park is ready, redundant and sustainable.”
Florida Commerce Park, www.floridacommercepark.com, is located in Martin County inland off State Road 710 — one of the state’s main emergency routes — by SW Railroad Avenue. The western border of the 100-acre park runs parallel to the CSX main rail line, and adjacent to rail lines is SR 710. Immediate proximity to these strategic intermodal arteries provides Florida Commerce Park with significant logistical advantages. Furthermore, the park is at high elevation to sea level, which together with its inland location, provides enhanced safety compared to coastal locations prone to tropical storms. The park is situated in a strong path of regional growth and moreover — critical to development in Florida — the park’s comprehensive plan takes on the master water-management system, which translates into more buildable square feet per individual site parcel and, in turn, lower land costs. Skyfarm received final approvals for the industrial park from Martin County.
Amenities bounding the park include an adjacent hotel and restaurants, and retail and medical facilities. Indiantown also boasts a robust and diverse labor pool that businesses in Florida Commerce Park are expected to tap, boosting job growth in the region.
Indiantown has been honored nationally as a Smart Rural Community with high-tech readiness and a secure, redundant, ITS Telecom underground fiber network. Florida Commerce Park benefits from that redundancy. The park is also adjacent to FPL’s power plant, which includes the largest solar-thermal power plant in the eastern U.S. FPL’s energy sources, together with natural gas providers and other sustainable resources, will provide Florida Commerce Park with uninterrupted and sustainable energy at a time when clean energy is of rising importance to businesses seeking social responsibility.
Added, Neil E. Merin, Chairman at NAI/Merin Hunter Codman, “Florida Commerce Park will set the new gold standard for industrial parks in South Florida with its superior logistics, redundancy and sustainability. This is one of the most important new commerce parks to come on the horizon in decades.” NAI/Merin Hunter Codman, one of the largest commercial real estate brokerage firms in South Florida, represents sales and leasing at Florida Commerce Park.
Richard Economou, Managing Director at NAI/Merin Hunter Codman, added that he expects to see strong interest in the park from data centers, distribution and energy-related companies, and manufacturing and warehouse facilities. Some of those industry sectors, said Economou, will benefit strongly from the Panama Canal’s expansion.
Florida Commerce Park will serve as an industrial gateway for commodities transiting the canal. More than 10.1 million long tons flowed through the canal in 2014 from Central and South America, Oceania and Asia, and the west coast of North America, to US southern Atlantic ports such as Miami and Port Everglades. Over 13,000 vessels use the canal annually, each with a maximum capacity of 5,000 TEUs (approx. 5,000 containers per ship), which will increase to 13,000 TEUs with the expansion. The canal, which takes 8-10 hours to transit, serves more than 144 maritime routes connecting some 1,700 ports worldwide.
Florida Commerce Park is also situated in a designated Enterprise Zone, offering powerful business incentives, and in a Historically Underutilized Business Zone (HUBZone), which provides advantages in winning federal contracts.
Read the press release on our website by clicking here.
About Skyfarm Strategic Capital
Skyfarm Strategic Capital LLC is a privately held, diversified asset management firm headquartered in Miami. The firm, founded in 2010, is focused on strategic investments in emerging and undervalued sectors of business and commerce. Skyfarm executives bring to bear a wide variety of management and entrepreneurial backgrounds working with both public and private companies. Their decades of successes have ranged from commercial real estate, community redevelopment and broadband infrastructure initiatives, to leadership roles in renewable energy, water management and sustainability advocacy, as well as expertise in developing emerging technologies and new media. Florida Commerce Park taps upon these varied talents to bring a world-class, industrial park to South Florida with a forward-thinking vision for the future.
About NAI/Merin Hunter Codman
NAI/Merin Hunter Codman, www.mhcreal.com, is one of South Florida’s leading commercial real estate services firm with over three decades of experience advising clients on strategic acquisitions and dispositions and providing landlord representation, tenant representation, property management and construction management services. The firm has expertise in all commercial property sectors including office, industrial, retail, multifamily, hotels and land. NAI/Merin Hunter Codman’s client base includes some of the nation’s most prestigious institutional and private investors and through the NAI global network, it can facilitate property transactions around the nation and the world, serving as a single point of contact for its clients’ counsel and execution. NAI/Merin Hunter Codman is headquartered in West Palm Beach with regional offices in Boca Raton, Palm Beach Gardens and Wellington.
The Jupiter Medical and Technology Park is a beautiful 186,000 SF medical & technology facility located on a gorgeous 16-acre corporate campus setting. This prime facility is nestled in the heart of the Jupiter medical district next to Scripps and Jupiter Medical Center, at the corner of Military Trail and Botanica Drive.
With new owners comes a multi-million dollar improvement program currently underway. Several projects have already been completed including:
New Roof: A new GAF TPO membrane roof was installed. Thermoplastic polyolefin (TPO) single-ply roofing membranes are among the fastest growing commercial roofing products and have gained broad industry acceptance for their many performance and installation advantages. As demand increases for heat-reflective and energy efficient roofing systems, TPO single-ply roofing membranes continue to provide exceptional resistance to ultraviolet, ozone and chemical exposure.
New Paint: Exterior Stucco Façade painted with new color scheme and a sealant applied to the Architectural Block.
Other projects currently underway and expected to be completed in 2015 include new landscaping (planting of annuals, perennials, and additional shrubs) as well as installation of new pylon signage.
Lesley and the rest of the team at NAI are excited to see the projects completion and we’re thrilled to see the progress made so far. Take a look at what the Jupiter Medical and Technology Park has to offer and call Lesley for leasing information at 561 471 8000.