| NAI Hallmark Partners Named Exclusive Leasing Agent for 905,000 Square Foot Office Portfolio and Announces Joe Scavetto as Vice President |
Acorn Property Holdings has awarded the exclusive leasing assignment of their Northeast Florida portfolio to NAI Hallmark Partners. The 12 building portfolio totals over 900,000 square feet and is comprised of office buildings primarily in the Southside submarket of Jacksonville along with 2 buildings at World Golf Village in St. Augustine.
NAI Hallmark Partners would like to announce the addition of Joe Scavetto to lead the office leasing team on this portfolio.
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April 12
Commercial Property Executive
April 12
National Real Estate Investor
April 12
National Real Estate Investor
April 11
Jacksonville Business Journal
April 10
The Florida Tines-Union
April 10
Jacksonville Business Journal
April 3
Jacksonville Business Journal
March 28
Financial News & Daily Record
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Get to know your property manager
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Vicki Barrett
Director of Property Administration
Responsibilities at Hallmark:
I've been with Hallmark since August of 2015. I currently manage two retail centers, 4 low-rise office buildings and 5 community associations for a total of 372,000 square feet.
Children/Family:
Married with three step-children and two grandkids, ages 15 & 18.
Hidden talents most people don't know about:
I have jumped out of a perfectly good airplane 4 times! I ran in my first, only and last half marathon; ran the Gate River Run twice and several local 5K's. I played drums in my high school marching band and can play several different instruments - flute, clarinet, bass clarinet and trumpet.
Proud accomplishment:
I've been married to the same man for 26 years (and they said it wouldn't last!) and I am a proud dog mom to three dachshunds - Snuggles, Cookie and Maggie.
Favorite sports team:
College - Florida Gators. I'm a Texan by birth so I still have a fondness for the Cowboys and the Texans.
Guilty pleasure:
Whenever I cruise, I purchase some piece or pieces of unique jewelry.
Bucket List:
Take ballet lessons; travel around the United States with my husband and dogs in our RV; take enough cruises on Carnival to become a Diamond Member.
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May 4, 2017
Jacksonville, Florida
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The NAIOP Bus Tour, one of NAIOP's signature events, is back for 2017. Get ready for a fun-filled day of visiting some of Jacksonville's premier office and industrial properties. All while enjoying breakfast and lunch, a chance to win a TON of prizes, a great opportunity to expand your network and more!
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A Trump Trade in Commercial Real Estate?
By W. Alex Coley, Principal, NAI Hallmark Partners
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Oaks at Southpoint is a 32,701 sq. ft. investment office building that NAI Hallmark leased to 100% occupancy and sold to an investor client. |
There have been so many articles about the "Trump trade" for investing in various assets categories ranging from U.S. and foreign equities, to debt instruments of every kind, to the volatile currencies of countries that may be affected by President Trump's policies. The question of a potential real estate play based the initiatives of the new administrative was inevitable. Among the many advantages of investing in commercial real estate, low volatility is deeply appreciated by most investors. This contrasts sharply with the immediate movements of some of the other asset classes, reminding us that real estate is more of Warren Buffet style long term value play then a day trading activity. It is clear though that certain policy decisions can affect commercial real estate returns and values. Included amongst these are tax reform, interest rates, government spending (and resultant job creation), regulation (including capital formation, lending and credit initiatives) and policies affecting inflation and the value of the dollar. While these larger macro-economic issues affect market sentiment and can translate into pricing, the longer perspective of value creation is much more a micro-economic discussion.
Even as the rising tide may raise all ships, the real analysis is done at the local market and individual property level. A wholistic view of the key demand drivers and the long-term market and submarket demographics that are at the core of return analysis and value creation is essential. An analysis of job creation, household formation, average and median household income, and the potential for growth in these factors is necessary. Years ago, we used to have a sense or a "gut feeling" about this. Today we have access to so called "big data" that can give us granular confirmation of what we may sense. This allows us to confirm that we are investing in the top performing asset classes in the best markets before we move on to the task of acquiring and managing the best available properties.
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Keith Goldfaden, Principal,
named one of 2017's 40 Under 40
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Every year, the Jacksonville Business Journal honors 40 of Northeast Florida's brightest, most promising professionals under the age of 40. These honorees have achieved a high level of responsibility in their careers and have contributed to the betterment of our region through community involvement. Read more >
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| Jeff Conn, Alex Coley, Keith Goldfaden, Christian Harden, Daniel Burkhardt |
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Jacksonville Market Snapshot
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Total Transaction Volume - First Quarter 2017
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Totals
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# of Properties
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Price Per Unit or $/SF
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Retail
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$49 million
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32
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$181
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Multi-Family
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$388 million
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18
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$94,216
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Office
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$31 million
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33
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$72
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Industrial
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$130 million
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29
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$38
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Totals
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$598 million
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112
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Selected Transactions - First Quarter 2017
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RETAIL
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Date
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SF
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Price/SF
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Petsmart
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2/17
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$5,175,000
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25,815
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$200
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| Walgreens |
2/17
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$5,150,000
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13,905
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$370
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Commonwealth Shopping
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2/17
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$5,200,000
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81,467
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$64
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Lazyboy Furniture
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3/17
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$4,299,400
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12,212
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$352
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AGENT SPOTLIGHT
Bryan J. Mickler
VP - Retail Specialist
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Scope of Service Experience
Bryan Mickler joined NAI Hallmark Partners in 2013 as a broker focused on sales and leasing of retail, office and industrial properties while specializing in mixed-use urban infill sites.
Education
Mr. Mickler is a graduate of the University of Georgia with a B.A. in History, he has been a Florida licensed real estate broker for over 20 years.
Background & Experience
Mr. Mickler is a Jacksonville native and an 8th-generation Floridian. He started his career as a commercial real estate broker at Nussbaum and Sons Realtors. He later served as a principal in Pedestrian Properties where he created the concept for and then developed and managed the Brooklyn Contemporary Arts Center. Mr. Mickler later managed arts outreach and then construction activities at the Hayden Burns Library as a property manager for the Cesery Companies.
Professional Affiliations & Designations
Mr. Mickler is a member of the NAIOP - Northeast Florida and is an active in the community; Mickler is a member of The Jacksonville Historical Society and the San Marco Preservation Society.
What do you love about Retail?
"In addition to working with major retail chains, I love the relationship with local mom and pop store owners. The entrepreneur spirit is an integral part of our economic development."
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FOR SUB-LEASE
20,000-80,000 SF Office
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FOR SUB-LEASE
2,895 SF Office
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FOR LEASE
1,705 SF Office Space
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The Reflections
7775 & 7785 Baymeadows Way
Jacksonville, FL 32258
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FirstAtlantic Bank Bldg
6622 Southpoint Drive, Suite 240
Jacksonville, FL 32216
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Baywood Center
9432 Baymeadows Road
Jacksonville, FL 32256
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PROPERTY FLYER
__________________
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__________________
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FOR LEASE
4,243 SF Office Condo $255,000
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FOR SALE or LEASE
45,072 SF Retail on 4.4 Acres
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FOR SALE
+8.91 Acres Industrial Heavy zoning
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901 North Main Street
Jacksonville, FL 32202
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1731 Wells Road
Jacksonville, FL 32073
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10350 Alta Drive
Jacksonville, FL 32226
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__________________
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__________________
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__________________
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Recent Transactions - Sale & Lease
- Trane renews 38,116 SF at Lakepointe Business Park. Email for details
- Goodman Distribution moves into 28,005 SF at LakePointe Business Park. Email for details
- United Transport Services moves into 3,246 SF at 95 Corporate Center. Email for details
- Brooks Rehab renews its lease in Palm Coast. Email for details
- Axia Acquisition Corp moves into 1,597 SF at Spectrum. Email for details
- Marcus & Millichap renews its 1,439 SF lease at Concourse. Email for details
- The Lasik Vision Instituterenews 3,000 SF at Concourse. Email for details
- Brother's Media Group renews 24,669 SF at Concourse. Email for details
- American Import Lighting renews 12,000 SF at Beach Blvd Business Center. Email for details
- Subway renews 1,400 SF at 9585 Regency Square. Email for details
- Brooks Home Care Advantage moves into 1,800 SF in Palatka. Email for details
- Brooks Home Care Advantage renews 1,900 SF in Gainesville. Email for details
- Balance Center expands into 2,670 SF at Center One. Email for details
- Dream Finders moves into 1,841 SF at Spectrum. Email for details
- Brooks Rehabrenews its 1,943 SF lease in Oviedo. Email for details
- Coastal Indoor Golf moves into 3,000 SF at Beach Plaza City Center. Email for details
- Yummy Crab Seafood Restaurant moves into 6,053 SF at Beach Plaza City Center. Email for details
- EverBank renews 3,662 SF at 501 Riverside. Email for details
- DAR Investments renews 1,624 SF at 501 Riverside. Email for details
- Brooks Home Care Advantage moves into 1,600 SF in Orange Park. Email for details
- Lasership renews 10,702 SF at Interstate Distrubution Center. Email for details
- Fisher, Tousey, Leas & Ball moves into 3,112 SF in 501 Riverside. Email for details
- Fleming Island Law Group moves into 1,688 SF at Fleming Island Business Park. Email for details
- Adams & Reese moves into 12,435 SF at 501 Riverside. Email for details
- Brooks Home Care Advantage moves into 3,655 SF in Daytona Beach. Email for details
- Bonitz Flooring Group moves into 15,000 SF at LakePointe Business Park. Email for details
- Central Railway Manufacturing expands at LakePointe Business Park. Email for details
- Coastal Conference Center moves into 330,000 SF at One Enterprise Center. Email for details
- Trane renews 43,245 SF at Lakepointe Business Park. Email for details
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Jeff Conn
Co-Founder/Principal
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Alex Coley
Co-Founder/Principal
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Keith Goldfaden
Principal
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Christian Harden
Principal
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Patrick Thornton
Principal
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Bryan J. Mickler
Vice President
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Daniel Burkhardt
Vice President
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Joe Scavetto
Vice President
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Carmen Mantay
VP & International Director
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Jason Purdy
Associate
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Ann Wilson
Controller
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Betsy Reichert
SVP/Property Management
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Dane C. Hurst
Property Manager
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Vicki Barrett
Dir. of Property Administration
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Amie Sword
Dir. of Property Accounting
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Beshara Price
Property Accountant
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Hallmark Partners was formed in 1993 as a full-service commercial real estate development company offering sales/leasing brokerage, property management, real estate intelligence and turnkey development services. Over the past 23 years, the company has developed more than $400 million in commercial projects in northeast Florida. In 2012, Hallmark Partners announced its affiliation with Princeton, NJ-based NAI Global (
www.naiglobal.com
) creating NAI Hallmark Partners. NAI Hallmark Partners is involved in the leasing and/or management of a portfolio in excess of 3 million square feet in the Jacksonville market.
NAI Hallmark Partners © 2017 All Rights Reserved
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