When NAI Realvest in Maitland announced a mentoring program for young brokers in late 2011, Managing Partner Paul Partyka said he hoped the young bloods would inspire an energetic new approach to commercial real estate services.
He didn’t expect a portfolio of new business for the 30-year-old company, which ranks as one of Central Florida’s largest and most active commercial real estate companies and one of the largest industrial development firms in the region.
“The young bloods are growing up fast, and they bring a very aggressive approach to the business,” said Partyka, himself a 30-year commercial real estate veteran.
Aron Harrison, who mentors with Mez Birdie, NAI Realvest’s director of retail and investment services, recently listed 23,000 square feet of commercial space in Casselberry.
Mitch Heidrich, who mentors with Matt Cichocki and Kevin O’Connor, both partners in NAI Realvest, helped secure a major listing by cold calling the owners of Church Street Station.
Eric Parrs, who mentors with NAI Realvest Principal Tom Hankins, pitched in with project, market and financial analyses and is currently working with Oviedo Town Center to market a 54-acre parcel that will accommodate 150,000 square feet of commercial space in the initial phase.
Michael Heidrich Jr. who mentors with his father, a long time NAI Realvest partner and one of the region’s leading land and industrial property brokers, has already listed several land offerings and closed on transactions valued at more than $700,000, including industrial land and industrial space deals that total more than 6,000 square feet of space.
Partyka said he couldn’t be more pleased. “They are developing their real estate sense, imagining appropriate uses when they see vacant properties and then looking up owners and potential end-users,” he said.
Pictured are new associates Mitch Heidrich, Eric Parrs, Mike Heidrich Jr. and Aron Harrison with Paul Partyka, front.
Fannie Hillman hits $37M
Second quarter transactions for Fannie Hillman + Associates hit the century mark for more than $37.6 million, giving the Winter Park firm a sales volume of just more than $10.6 million per month over the first six months.
“I’m confident better days are ahead as market conditions remain favorable,” said company president Scott Hillman. He noted overall inventory in Orange and Seminole counties was at its lowest level since 2005, average interest rates were 3.8 percent for a 30-year mortgage, and pending home sales in Orange and Seminole counties were 9,000 plus as of June 30.
“That’s the number we’ll be watching closely as 81 percent of those 9,000 plus homes are distressed properties, which I believe will decrease significantly by year’s end given current market conditions,” Hillman said.
Another positive sign was the company’s average second quarter sale of $376,123, which was up 10 percent over a comparable period last year, a reflection of the continued rise in the area’s existing home prices. The median home price in June was hovering right around $125,000, up 14 percent over June 2011.
For more information, call 407-644-1234 or visit fanniehillman.com
New lease in Gateway Plaza
NAI Realvest recently negotiated a new office lease in Gateway Plaza at 1201 S. Orlando Ave. in Winter Park. NAI Realvest Principal Tom R. Kelley II, CCIM represented the tenant Fimognari Financial in a lease agreement for suite 320 with 1,481 square feet. Gateway Plaza Ltd. is the landlord.
No-Limit Marketing moves in
Winston James Development has agreed to lease additional office space at its Aloma Business Center on Aloma Avenue in Winter Park to the No-Limit Marketing firm. The tenant leased 940 square feet and is an Internet multi-media marketing firm.
College Park remodel
Vanson Enterprises Inc., Orlando’s premium, woman-owned general contracting and construction company, recently began a large-scale renovation project at a College Park, residence. Vanson Enterprises, now in its 21st year, is working finishing a kitchen renovation and addition complete with new tiled floors, cabinets and granite countertops. Vanson will also fit a new master suite with a glass shower and travertine entry. The renovated home belongs to a successful Central Florida medical professional. Thanks to Vanson’s renovations, the College Park home’s value will increase by about 45 percent.
Tolaris appoints new sales associates
Tolaris Realty Group, which sells luxury homes throughout Central Florida from its headquarters at Lake Forest in north Seminole County, recently appointed three new sales associates. They are Brandon Howard, Byron Hosey and Rick Bavec Jr.
Emerson leases 1,300 square feet
Emerson International recently negotiated three long-term lease agreements for office space totaling 12,820 square feet at Major Center Plaza in southwest Orlando and Sanlando Center in Longwood.
• Florida International College signed a new lease for 3,905 square feet of office space in Major Center Plaza at 5750 Major Center Blvd.
• Both Koch and Zac Starkey of Emerson International negotiated a new five-year lease agreement with North Orlando Spine Center LLC for 2,447 square feet of professional office space in the Sanlando Center, 2160 W. State Road 434 in Longwood.
• Sentry Management renewed its lease for five more years in the Sanlando Center at 2180 W. State Road 434 and expanded by another 6,468 square feet for a total occupancy of 34,682 square feet at Sanlando Center.