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An outdated 1980s-era office center in Winter Park is set to undergo an extensive renovation that will revamp the property as a mixed-use development with creative offices, retail, restaurants, and public green space.
Charlotte, NC-based Asana Partners purchased the property in 2022 for $27.75 million and will rebrand the project as Minnesota Row. The developer will begin construction soon and is expected to complete the revitalization sometime next summer. The office park is located at 1311 Minnesota Ave., behind the Publix-anchored Hollieanna Shopping Center.
Alexie Fonseca, Jeff Johnson, and David Gabbai of Colliers handle leasing for the retail portion of the property.
Fonseca told GrowthSpotter that the developer recently submitted a revised master plan to the City of Winter Park which includes 13,820 square feet of retail and up to five food and beverage locations totaling 20,356 square feet.
Additionally, there will be about 85,000 square feet of creative office space that will cater to new businesses as well as existing tenants like AdventHealth.
Kevin Will and Alex Rosario of Foundry Commercial are in charge of leasing the office space.
Fonseca told GrowthSpotter that the project is targeting restaurant concepts that are new to the market. There will likely be one or two fine dining locations appealing to an upscale crowd, but there will be some casual options as well.
“We will have two or three fast-casual [restaurants] that will cater to the office crowd that’s there,” she said. “The idea is to create a mixture of food and beverage users.”
The renovations will deliver enhanced building facades and a central, outdoor pedestrian walkway and gathering place that will provide outdoor seating options for customers and office workers who are employed in the adjacent office space. Fonseca said that the office workers will provide a steady flow of business to the food and beverage users during work hours on weekdays. She also explained that the project is attractive for prospective food and beverage tenants because it will be a destination that attracts people.
“We’re creating a synergy of restaurants here. A lot of times when you find a restaurant space, you’re kind of off by yourself which requires a lot more marketing and letting people know that you’re there,” Fonseca said. “Here we’re creating a synergy that is great for foot traffic and cross-marketing that they can do with each other. We’ll line it up with a good breakfast user, a good lunch user, and a good dinner user so that they’re not conflicting with each other.”
In July, Fonseca, David Gabbai, and Jeff Johnson of Colliers were recognized with a Deal of the Year award from the Central Florida Commercial Association of Realtors (CFCAR) during the Hallmark Awards ceremony for their involvement in the redevelopment of another Winter Park project called Winter Park Village. Colliers teamed up with developer Casto on a comprehensive redevelopment of the shopping center and headed up the leasing efforts that attracted numerous high-profile retail tenants, restaurants, and bars.
The renovation included enhancements to the exterior of existing buildings, the construction of new buildings, an expansion of sidewalks to add more seating, and the addition of “The Green at WPV”, a space for live music, events, and festivals. Winter Park Village has a Publix, Regal Cinemas, numerous clothing retailers, and notable food and beverage tenants such as The Cheesecake Factory, Ruth’s Chris Steak House, Bar Louie, and The Hangry Bison.
“Winter Park is arguably the hottest commercial market in Central Florida,” Fonseca said. “It’s really hard to find space available in Winter Park, especially restaurant space.”
Source: GrowthSpotter
Dalfen Industrial has sold one of its buildings in the recently developed, Midpoint Florida Logistics Center in Auburndale, to the State of Florida.
The 423,000 square foot warehouse will serve as a hub for the storage and movement of emergency supplies during emergency activation and response.
Dalfen Industrial completed this property in Q2 of 2023. It features 36’ clear heights plus an additional 400 trailer parking spaces, which is a highly sought after and rare commodity for large bulk warehouses. Specifically positioned in Lakeland northeast/I-4 market, the property has direct access to a full diamond interchange with I-4 and Hwy 559. Because of the facility’s size and central Florida location, this warehouse was an ideal site for Florida’s Division of Emergency Management to service the entire state. Other notable tenants in the area include Amazon, UPS, Coca Cola, Pepsico, Sysco, and Nestle Waters.
“The size and strategic location of this Auburndale warehouse speaks to Dalfen’s ability to identify and develop well-positioned industrial properties that are highly desirable to tenants searching for Class A industrial space to lease or acquire in this prominent Central Florida I-4 corridor,” said Chris Segrest, Regional SVP of Dalfen’s Southeast region.
Dalfen owns and operates 10.3 million square feet of industrial space in the Southeast.
CFCAR | CFCREA is sad to announce the untimely death of a highly respected community leader -- Col. (Retired) David Brenner, CCIM.
Funeral services for Col. (Retired) David Brenner, CCIM will be held Sept. 6, 2024 at 11 a.m. in his church in Orlando’s College Park community.
Details and some of his many accomplishments, including his 25 years of dedicated and decorated service in the US Army; his passions -- especially his love of family -- are shared by his family in his obituary.
He was 58 years old.
David Brenner, CCIM was recognized for his dedication to his family’s commercial real estate business and the Central Florida community in July when a Legacy Award from the Central Florida Commercial Association of Realtors was bestowed to the three generations of Brenners during CFCAR’s annual Hallmark Awards.
“We had already planned this award, but sadly David died just about a week before our event," explained Hallmark Co-Chair Carol Tanner, CCIM."
Graciously, his father, Charlie Brenner, CCIM, and his grandson Ben attended and accepted the award, including on David’s behalf. David joined the family business in 2015 and earned his CCIM Designation in 2022.
“We had a moment of silence during our event to honor David, but we know it would take much more to truly reflect on the kind, honorable and dedicated life this man lived.”
The Hallmark Legacy Award celebrates three generations of Brenners in Commercial Real Estate, “Proven Leaders – Championing Volunteerism & Making a Difference.”
Armon Johnson is an Associate Advisor at SVN | Saunders Ralston Dantzler Real Estate in Orlando.
At the beginning of his career, Armon attended Jackson State University where he graduated with a degree in Industrial Technology. In 2000, he would venture into the chimney sweeping industry, providing top-notch cleaning and maintenance services to homeowners and businesses.
After successfully establishing and running his chimney sweeping business for several years, Armon sought new challenges and opportunities for his career. He would eventually transition into the dynamic world of commercial real estate, where he can now focus on various exciting ventures.
It was Armon’s business experience that initially strengthened his problem-solving abilities and would allow him to find success in commercial real estate. Armon now focuses on several areas of commercial real estate including campsite development and management, church development, and small restaurant ventures.
Armon passionately enjoys giving back to his community. In his spare time, Armon actively participates in various initiatives focused on promoting sustainable development and the welfare of local businesses.
The 26th Annual Event Filled the Packing District’s Newest Venue While Honoring the Area’s Highest Producing Commercial Brokers, Legacies and CRE Icon – FSU’s Yvonne Baker
Top CRE professionals and business leaders celebrated innovation, achievement, and excellence at the 2024 Annual HALLMARK Awards, which honored the region’s commercial real estate highest producing brokers and leaders at a gala event held in the Packing District’s newest venue.
“Hallmark was very special this year,” explained Sharisse Walton, 2024 HALLMARK Awards Committee Chair. “On July 24th, we recognized and celebrated the success of commercial real estate pros across 9 counties, honored some in the business who we consider legacies and awarded The Strickland Lifetime Achievement Award for 2024 to Yvonne Baker, Executive Director FSU Real Estate Center at Florida State University.”
The Annual HALLMARK Awards event, presented by the Central Florida Real Estate Association (CFCREA) in association with the Central Florida Commercial Association of Realtors® (CFCAR). Walton stresses that this year’s event included both unique insights into Orlando’s historic Packing District and a generous donation to 4Roots non-profit farming initiative, also located in Packing District.
“As always, the HALLMARK Awards event honors top commercial real estate producers for the prior year, in the Greater Central Florida market by recognizing innovation, extraordinary production, and industry leadership,” added Walton. “In addition to recognizing top producers in numerous categories and across the different counties, special awards were also announced for Community Service, Deal of the Year, Partner Affiliate, and new this year, Legacy Awards.”
Hallmark Award Winners included:
Circle of Achievement:
Top Producers by County:
Top Producers by Category:
Two Deal of the Year Awards were presented, recognizing both an Institutional Brokerage Developer Based team and an Independent Brokerage Team:
Specialty Awards included:
The Strickland Lifetime Achievement Award was presented to Yvonne Baker, Brett C. Lindquist Executive Director, Real Estate Center, Florida State University. Baker, who successfully led numerous brokerages in Orlando for decades, was humble in accepting and honoring those who came before her in the highly competitive Central Florida CRE market.
Rafael A. Mendez, Jr., CCIM, 2024 President of CFCAR/CFCREA, believes the awards reflect the unique strength of the Central Florida commercial real estate markets.
“The 2024 Hallmark Awards showcase the resilience not only of the commercial real estate practitioners participating in the market but also of the entire Central Florida region, which is blossoming with business and investment-grade real estate,” Mendez commented. “The value of production from this year’s recipients offers a glimpse into what our market has to offer, highlighting the value and opportunity in the region.”
CLICK HERE TO SEE EVENT PHOTOS
SVN | Saunders Ralston Dantzler Real Estate announced the promotion of Tyler Davis, ALC to the position of President.
In his new role, Davis will spearhead the company's strategic growth initiatives, focusing on both geographic expansion and diversification of business lines.
Since joining the firm in 2019, Tyler Davis has been a pivotal figure in driving the success of SVN | Saunders Ralston Dantzler Real Estate. As Chief Financial Officer, he played a critical role in streamlining financial operations, implementing innovative strategies, and improving the firm's financial health.
Davis has also been extremely accomplished as a land and commercial real estate advisor having ranked highly in the SVN® Partners Circle, an exclusive group of Top Producers under the SVN® International brand. His leadership, strategic vision and professional experience have been instrumental in positioning SVN | Saunders Ralston Dantzler Real Estate for sustained growth and success.
"I'm incredibly honored to step into the role of President at SVN | Saunders Ralston Dantzler Real Estate,” said Davis. “As we continue to expand our geographic footprint, preserving our unique company culture remains a top priority. We are committed to supporting our advisors, actively recruiting top talent, and diversifying our product lines and service offerings. This strategy will be key to our ongoing success and our pursuit of new growth opportunities.”
Davis’ background includes extensive experience in both public accounting and the real estate industry. His transition from a CPA providing tax planning and consulting services at PwC to becoming CFO at SVN | Saunders Ralston Dantzler Real Estate demonstrates his great adaptability and commitment to professional growth. Davis’ expertise in financial management and his unique insight have been instrumental in guiding the company through various market conditions, ensuring stability and growth.
"Tyler has proved himself as a remarkable leader who is constantly aiming to grow and improve both himself and the business,” said Dean Saunders, ALC, CCIM, Founder and Managing Director of SVN | Saunders Ralston Dantzler Real Estate. “His promotion to President is well-deserved and reflects our confidence in his ability to spearhead our growth strategy in a way that benefits our clients and advisors."
With this update in leadership, Mr. Saunders will maintain his current role as Founder and Managing Director, continuing to be actively involved in guiding the firm's future. Gary Ralston, CCIM, SIOR, CRE, and Todd Dantzler, CCIM will also continue in their roles as Partners and Managing Directors, contributing their extensive expertise and leadership to the firm's operations.
Jonathan Barreras will maintain his role as Chief Operating Officer, focusing on the growth and development of the advisor team, ensuring they are well-equipped to meet the needs of clients and drive the company's success.
"We have always prioritized building a strong company culture and Tyler has been an integral part of that process,” said Barreras. “Having worked closely with him, I am confident in Tyler’s ability to lead the next phase of growth for our company.”
Tyler Davis' promotion marks a significant milestone for SVN | Saunders Ralston Dantzler Real Estate, showcasing the firm's dedication to fostering leadership and planning for the future. As Davis steps into his new role, the company looks forward to continued expansion into new markets and ventures. The promotion is supported by the executive leadership, professional staff, and team of over 125 expert real estate advisors who are confident in Davis's ability to lead the firm to new heights.
As SVN | Saunders Ralston Dantzler Real Estate moves forward, the firm has placed great emphasis on future planning post the tenure of its current executive leadership. The appointment of Tyler Davis as President was a strategic decision aimed at maintaining the company culture and mission that have been deeply valued by the firm and its clients since its inception. Having worked closely with each of the firm’s partners and staff, Davis is uniquely equipped to uphold and advance the trusted legacy of SVN | Saunders Ralston Dantzler Real Estate.
Come Support Your Peers At The 2024 Hallmark Awards!
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Summit Real Estate Group has selected JLL to manage leasing for Hamilton Logistics Center, a new 318,000-square-foot facility located at 4141 Hamilton Road in Lakeland, the country’s fifth fastest-growing metro.
Construction is currently underway at the industrial park, which will feature two state-of-the-art buildings ranging in size from 135,000 to 183,000 square feet.
The JLL brokerage team of Executive Managing Director John Dunphy and Associate Olivia Brock will spearhead leasing efforts on behalf of the building’s ownership group, Summit Real Estate Group. Summit is an independent, industrial investment real estate company focused on opportunities within select U.S. markets. With over 25 years of experience, Summit has extensive expertise in land sourcing and entitlement, design and construction, equity and debt financing, leasing, and asset and property management.
“As demand for new, quality industrial product throughout the area continues to remain robust, Polk County has emerged as a top choice for occupiers and investors in manufacturing, distribution and logistics,” said Dunphy. “Thanks to its strategic location along one of the state’s major thoroughfares and the top-of-the line amenities, we feel confident a project like Hamilton Logistics Center will be well received and appeal to a variety of users across all sectors.”
To accommodate small to mid-size tenants, Building 100 at Hamilton Logistics Center will be 134,970 square feet with 36 dock high doors, a truck court depth of 135’, and 124 parking spaces. Directly south, Building 200 will span 182,985 square feet with 42 dock high doors, a truck depth of 190’ including 55’ trailer parks with 60 spaces, and 148 parking spaces. Both buildings will feature a clear height of 32’ with two drive-in ramps. Additional amenities at the park include rear-load configurations, tilt-wall construction, spec and build-to-suit office space, and 60’ speed bays.
Located in the heart of Polk County in the “I-4 corridor", Hamilton Logistics Center is situated in a well-known distribution hub, surrounded by nationally recognized companies. The property is 30 miles west of Tampa and 60 miles east of Orlando, providing future tenants the opportunity to benefit from an abundant labor pool.
Data from the Central Florida Development Council recognizes Polk County as Florida’s Best Place for Business, with advanced manufacturing being a high-growth industry. Additionally, according to JLL’s Q1 Industrial Insights Report for Polk County, demand in the area remains robust with asking rates posting 10.6% growth year-over-year.
Kelley and West represented the developer, Bavar Properties (Orlando Officenter, LLC) in numerous leases over the last 15 years.
Their latest development, Goldenrod Business Center, located at 6275 South Goldenrod Road in Orlando, is a 92,024-square-foot, dock-high office/warehouse building.
This first completed deal is for 25,590 square feet in Suite 900 (the building’s south end-cap space). The tenant, FHIA, LLC, is a home improvement company and was represented by Tommy Beecher of Savills, Inc.
"We are thrilled to have facilitated this significant lease, providing an ideal space for FHIA to continue their operations," commented Tom Kelley. “We have several lease negotiations and lease proposals ongoing and anticipate that we will sign additional new tenants in the near future,” he added.
CLICK HERE TO APPLY FOR A HALLMARK AWARD-DEADLINE IS FRIDAY, JULY 5TH
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