Restoration Hardware Opens Retail Space in Florida

Destin, Florida - We have Net Lease Properties news on an outlet, retail shopping center. The Company headquarters of Restoration Hardware Inc. has announced their celebrated and grand opening of its first Clearance Center. This retail net lease space is approximately 12,000 square-feet, in Destin, Florida. Restoration Hardware Inc. will be housed in the Southeast at Silver Sands Factory Stores. This specialty retailer looks like a high end hardware store. The area of Destin is a beautiful, peaceful community.

Destin, Florida has a nice blend of permanent residents and visitors who have very sophisticated tastes. These types of clients appreciate the quality and value of Restoration and help fuel local NNN Commercial Real Estate. The retail shopping center,Silver Sands Factory Stores, is located just east of Destin. This retail shopping center contains over 100 factory direct stores and approximately 465,079 square feet of retail space. This net-leased retail space is filled with designer merchandise at up to 75% off the retail price.

Restoration Hardware feature textiles, bath hardware, lighting, bedding and home decor with great gift ideas. The net-leased tenant, Restoration Hardware will have 40% to 90% off the original price at the Outlet. Restoration Hardware does offers upscale home supplies at an affordable price with fine quality. Restoration Hardware currently operates more than 100 retail stores and outlet store locations in the United States and Canada. Restoration Hardware was founded nearly 30 years ago and has become one of the leading purveyors of fine home furnishings and various materials that were found in old-time hardware stores.

Some NNN Commercial Real Estate investors wonder what to do with vacant retail space. In Destin there as an empty shopping center and an Investor had a vision. This NNN Commercial Real Estate investor wanted this property to become the nation's largest designer outlet center. Visionary commercial real estate developer Keith Howard began this project and took it to five phases for retail net leases. Keith Howard saw long before Silver Sands Factory Stores 1992 opening that there was a tremendous potential to capture an exploding market of shoppers, along Florida's soon to be discovered and loved Gulf Coast. We congratulate the Commercial Mortgage Lenders for seeing the potential of this area.

The Florida Gulf Coast Retail Shopping Center has nearly seven million visitors a year shopping there. Retail foot traffic can browse such distinguished designer stores as Coach Factory, Polo Ralph Lauren Factory Store, Banana Republic Factory Store, Ann Taylor Factory Store, Sony, Brooks Brothers Factory Store, Bose, Tommy Hilfiger, Nike and Reebok. There are plenty more to shop at and some exciting restaurants. This impressive collection of true designer names makes Silver Sands a very popular and favorite shopping destination for many People.

Now the Howard Group is a leader in emerging retail trends and mixed-use Town Centers. The commercial real estate company, Howard Group continues to set the industry bar for exceptional commercial real estate developments on Northwest Florida's Gulf Coast. In all of Howard's development projects, ranging from upscale residential communities to commercial parks and retail ventures, he sees that aesthetics and community appeal are maintained. This strategy is particularly noticeable at the retail shopping center, Silver Sands Factory Stores. This Retail Shopping Center offers a particularly inviting shopping atmosphere with the conveniences. This Retail Shopping Center has plenty of parking and covered walkways that allow shoppers to leisurely tour the commercial property.

We have NNN Commercial Real Estate Buyers for retail properties, and need 1031 Exchange property replacements. Contact Net Lease Properties to sell your net lease properties or purchase NNN Investment Property.

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Avalon Park Expands its Orlando Commercial Development

Orlando, Florida - The NNN Commercial Real Estate news is from the exciting area near Orlando. There is a Commercial Real estate Development which is approximately 1,860 acres. The fine Commercial Real Estate development is known as Avalon Park and located in east Orlando. This Florida Commercial Real Estate Development consists of a 100 acre Town Center, around 4,023 single family homes and townhomes, five schools and five churches for worshiping.

Orlando NNN Commercial Real Estate Development

The Florida Commercial Real Estate developers were very decisive with their land portions. The NNN Commercial Real Estate team discovered that aside from the commercial real estate space which is being built, Avalon Park has roughly 243 acres of wetlands, 416 acres of upland preserve and 257 acres of man made lakes. This area of Florida has some beautiful lakes however many NNN Commercial Real estate Developers build man made lakes as well.

Avalon Park Net Leased Properties

Recent reports saw the director of leasing and business development for Avalon Park Group, has negotiated three new net leased properties agreements. The excellent Director of business development negotiated a retail net lease agreement with In Style hair salon for about 3,843 square feet of space. In addition three is a new net leased property for the Davis Bakery for about 1,525 square feet.

Orlando Net Leased Properties

These Orlando Net Leased Properties are both situated in the Downtown Avalon Park commercial real estate development. This Florida Commercial Real estate development has the net leased properties sitting on Avalon Lake Drive. This is a fantastic illustration of bringing in some income with NNN Commercial Real Estate in Orlando and Florida overall. The Florida Car Insurance Company is looking at retail space in the area.

Avalon Park History in Orlando

The Commercial Real Estate Development in downtown Avalon Park happened from the ideas of Beat Kahli. The genius is the, President and CEO of Avalon Park Group (APG). The Orlando Commercial Property was developed as a key piece to the 1,840 acre master-planned development which started in 1996.

This Downtown Avalon Park all started with the initial developed construction of Clock Tower at Avalon Park back in the year of 2000. The NNN Commercial Real Estate team saw that two story commercial mixed-use building as the anchor Tenant for the new downtown area. This initial Orlando Net Leased Property functioned like a gathering place for the initial owners of Avalon Park properties.

Avalon Park Commercial Property Growth

The Net Leased Properties of Florida saw an increase at the Downtown I development at Avalon Park. That portion of net leased properties started construction around 2003. That portion of Avalon Park was seen to be the first phase of the community’s town center. This section of the Florida Commercial Real estate Development was comprised of a four story mixed-use net leased retail building coinciding with residential units.

Florida Mixed-Use Developments

These were unique commercial property floor plans which were capable to allow for a wide range of retail businesses, from eclectic shops to various types of restaurants. This Florida Net Leased Property Development offered beautiful architectural styles and a design to promote walking and along with improved forms of socializing with neighbors.

Stonebrook Apartment Homes $14 Mil financing

ORLANDO - CB Richard Ellis just announced that Dennis Jimenez, V.P. with CB Richard Ellis Capital Markets Group, has arranged financing. The amount of $14,050,000 on behalf of a venture between Canadian and Florida-based investors for the acquisition of Stonebrook Apartment Homes, in Sanford. Sanford is just north of Orlando.
Great terms for the financing included a 10-year loan with 30-year amortization, a fixed-rate of 5.62% and a loan to purchase price of 78%.
Stonebrook Apartment Homes is a 356-unit garden-style apartment community constructed in two phases in 1991 and 2001, with a net rentable area of 352,200sf.
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Palms at Town & Country to include Loehmann's

Miami Beach, Florida - Our Net Lease Properties information is from the exciting, vibrant Miami Beach area. A Miami Net Leased Property is having a major renovation. The Net Leased Property is owned by TIAA-CREF. The Miami Net Leased Property is called the Palms at Town & Country. Initially the redevelopment is an addition of a Nordstrom Rack, which will net lease possibly 33,799 square feet. Previous reports on this Nordstrom Rack was that they would lease 26,757 square feet of this net leased property. The redevelopment stage with Nordstrom Rack should open sometime in October of 2009.

The Miami Net leased Property, Palms at Town & Country, is a 400,123-square-foot, open-air retail shopping center. This NNN Commercial Real Estate development is currently under construction. The Miami Net leased Property is located at 8268 Mills Drive in Kendall, a growing suburb in Miami Dade County.

Nordstrom Rack will sell apparel and accessories for men, women and children at this open-air Mediterranean-themed retail shopping center. Nordstrom Rack is normally in business, selling apparel and accessories at 30% to 70% off the standard retail price. Nordstrom Rack has been in net lease properties in the Seattle, Washington and California area for over a decade.

The Miami Net leased Property, the Palms at Town & Country is being redeveloped by Flagler Development Group. The commercial real estate developer, Flagler Development Group, is very experienced. The Coral Gables-based Flagler Development Group owns, develops, leases and holds in joint ventures over 9.1 million square-feet of Class-A office and industrial property space. The commercial real estate developer also is involved with an additional 1.2 million square-feet of property that is currently under construction.

Coral Gables-based Flagler Development Group space consists of Class-A office and industrial properties, primarily in Jacksonville, Orlando, Ft. Lauderdale and Miami. Flagler Development Group also owns 921 acres of entitled Florida Commercial Real Estate land. This Florida Land is held directly and through joint ventures (JV), which is available for development of up to an additional 16.5 million square-feet.

The Miami Net Leased Property will have an excellent list of Tenants when completed. The new Florida lifestyle center will house fine restaurants and specialty stores. This retail district is referred to as the new “Downtown Kendall”. The Palms at Town & Country began leasing to retailers such as New York & Company, Marshalls, Men’s Wearhouse, Kohl's, Nine West Outlet, Publix, Kirkland’s, Outback Steakhouse, Toys “R” Us, CVS Pharmacy and 24 Hour Fitness.

This Miami Net Leased Property features a Professional - Medical Arts Center and a cozy boutique hotel overlooking one of Miami-Dade County’s most pristine lakes. The Miami retail shopping center is situated on a 75 acre Florida parcel. The Miami Net Leased Property is ideally positioned at the junction of the high traffic area with the Florida Turnpike and Kendall Drive. We are not aware of the Net Lease Funding for the current construction phase on the Miami net leased property.

The net leased property owner, TIAA-CREF is one of the largest institutional commercial real estate investors in America. These commercial real estate investors manage a global investment property portfolio totaling over $65 billion. TIAA-CREF originated its first commercial loan in the year of 1934 and then started to invest in NNN commercial real estate in 1947. Today, TIAA-CREF Global Real Estate invests in and actively manages commercial real estate on behalf of individual clients and institutional clients across the globe. TIAA-CREF's Global Investment property portfolio consists of over $22 billion in equity investments in office buildings, retail net lease properties, and industrial properties situated across the United States, Canada and Western Europe.

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Lakeland's Palm Center is sold

TAMPA - RMC Property Group announced the sale of Palm Center, a 132,000sf retail shopping center anchored by Beall’s Department Store, Beall’s Outlet and Tuesday Morning.
Odyssey (IX) Commercial DP IV LLC acquired the property, at the northwest corner of Highlands Drive and South Florida Avenue in Lakeland.
The seller, Lakepalm Shopping Center LTD, is an affiliate of RMC and was represented by RMC Property Group. Century Retail represented the buyer.
This would be the ideal property if it sat on a "Signalized Corner".

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State Capital Catches Multifamily Break

Written By Carl Cronan
TALLAHASSEE, FL-Long-term prospects for economic growth and a strong government employment component bode well for the state capital’s multifamily market, according to a report by CB Richard Ellis. The jobless rate for Leon County measured 6.8% in March, well below the 9.7% statewide average.
More than 18,000 rental apartments are available in the Tallahassee market, with a current vacancy rate of 12%, CBRE reports. Units average 1,025 square feet with an average rent of $950 per month.
“Tallahassee’s housing market depression has been relatively mild compared to other cities in Florida,” says Dan Allen, vice chairman of CBRE’s Jacksonville office. “State government, health care and defense sectors are providing a degree of job stability for Leon County.”
Government employs the highest percentage of workers in Tallahassee at 36%, with professional and business services and education employing around 11% each. The city’s largest employers are Florida State University, Tallahassee Memorial Health Care and Florida A&M University.
Nearly 177,000 people worked in the Tallahassee metropolitan area--consisting of Leon, Gadsden, Jefferson and Wakulla Counties--in March, according to the Florida Agency for Workforce Innovation. The average local salary is $31,180.
The city’s living and business costs are lower than the state average, softening the blow for smaller businesses, Allen says. Local companies in growth mode include General Dynamics Land Systems, which has hired at least 200 workers since last summer, and Tai Yang Research Co., which was awarded a US Navy contract to develop high-temperature superconducting equipment.
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