2015 News

RMC PROPERTY GROUP BRINGS SHAPES FITNESS TO RIVERVIEW, FL

Tampa, Fla. (August 13, 2015) - Shopping Center adds 134,361 SF to lease portfolio:

Tampa-based, full-service commercial real estate company RMC Property Group (RMC) is pleased to announce it’s been awarded the exclusive leasing assignment of Clearwater Collection, a 134,361 square foot multi-national tenant anchored shopping center located at NWC of Drew Street and US Highway 19 in Pinellas County. National tenants include, LA Fitness, Kane’s Furniture, and Floor & Décor.

The center has strong visibility from both Drew Street and US Highway 19, whose respective traffic counts are 31,000 on Drew Street and 92,000 for US Highway 19. Additionally, the center is adjacent to Brighthouse Field which is the Philadelphia Phillies training site.

Erica Nelson, leasing agent with RMC, will be handling the leasing of Clearwater Collection. Approximately 4,300 square feet is immediately available for lease.

“Given the center’s strategic location, and the area’s strong demographics, we believe the shopping center makes an excellent addition to RMC’s already robust portfolio,” said Chris Stewart, Director of Leasing for RMC. “Meet with us at the ICSC Florida Conference in Orlando August 31 and September 1 at booth #2335 to discuss this and additional opportunities we have for lease.”

RMC ROSS REALTY 2ND QUARTER SALE TRANSACTIONS

Tampa, Fla. (July 31, 2015) - RMC Ross Realty is pleased to announce the following SALE transaction highlights:

Countryside Place Office Building in Pinellas County: 54,950 square-foot office building located at 2605 Enterprise Road in Clearwater, Florida. The property sold for $6,650,000. Elliott M. Ross, CCIM and Jason Aprile, CCIM of The RMC Ross Realty represented the Seller in this transaction.
Hillsborough/Armenia Warehouse: 98,000 square-foot industrial building located at 2320 West Hillsborough Avenue in Tampa, Florida. The property sold for $3,550,000. Elliott M. Ross, CCIM and Chris Shryock of RMC Ross Realty represented the Seller: Hillsborough 2324, LLC.
Former Starkey Nursery: 2.02 acre land parcel located at 9850 Starkey Road in Seminole, Florida. The property sold for $325,000. Elliott M. Ross, CCIM of RMC Ross Realty represented the Seller: Synovus Bank.
Crystal Lakes Professional Building: 2,142 square-foot office building located at 219 Crystal Grove Boulevard in Lutz, Florida. The property sold for $185,000. Dennis P. Bush, ALC of RMC Ross Realty represented the Seller: Golden Sunrise Properties.

LUCKY’S MARKET COMING SOON TO NAPLES TOWNE CENTRE

Tampa, Fla. (June 17,2015) - RMC Property Group (RMC) is pleased to announce its recent lease signing with Lucky’s Market (“Lucky’s”) at the Naples Towne Centre, totaling approximately 38,300 square feet. Lucky’s plans to open its Naples store, located at 3815 Tamiami Trail East, in Q4 of 2015.

Lucky’s is an organic, boutique supermarket chain that was started by two chefs with a vision of creating a grocery store where food lovers like themselves would want to shop. At the start of 2015, Lucky’s opened its first Florida location in Gainesville and, in addition to Naples, has plans for 2 additional Florida locations.

“We are looking forward to opening a Lucky’s Market at the Naples Towne Centre and expanding in the Sunshine State,” said Bo Sharon, who founded Lucky’s Market with his wife, Trish. “By offering an affordable assortment of locally-grown, organic, specialty and hard-to-find foods, we hope to be a one-stop-shop for people in the Naples area who simply love good food.”

Luli Cannon, leasing executive with RMC represented the owner for this transaction and handles the leasing of this shopping center. There is approximately 10,000 square feet of retail space available for lease.

“We are eager to have Lucky’s join our merchandising mix at Naples Towne Centre, “said Chris Stewart, Director of Leasing for RMC Property Group. “We are very excited to have identified a new location for Lucky’s that is in line with their growth strategy.”

RMC PROPERTY GROUP BROKERS THE SALE OF A CARRABBA'S NNN INVESTMENT

Tampa, Fla. (May 13, 2015) - RMC Property Group has arranged the sale of the Carrabba’s Italian Grill® (“Carrabba’s”) located at 1751 S. Tamiami Trail, Venice, FL. The 6,115 Sq. Ft free standing Carrabba’s was developed by RMC on a 1.31-acre outparcel to the Lowe’s Home Improvement store. This investment opportunity was presented as an absolute NNN ground lease with no landlord responsibility.

The undisclosed buyer paid $2.55 million, or $417.00 Sq. Ft. The seller, an affiliate of RMC, was represented by Bobby Eggleston and Brandon Eggleston of RMC Property Group.

CHRIS STEWART JOINS RMC REAL ESTATE SERVICES AS THE NEWLY APPOINTED DIRECTOR OF LEASING

Tampa, Fla. (April 20, 2015) - Tampa-based, full-service commercial real estate company RMC Property Group (RMC) is pleased to announce that Chris Stewart has joined the company as the Director of Leasing. Chris Stewart’s responsibilities include strategic tenant acquisition, tenant lease negotiations, agent management and the development & implementation of leasing strategies across RMC’s robust portfolio.

Stewart joins from DDR, where he acted as a Leasing Director responsible for the overall performance of a 25 shopping center portfolio representing 5 million square feet of retail. Prior to his tenure with DDR he spent 6 years with Regency Centers overseeing the daily leasing activities and strategies of properties throughout the Florida market. He has experience prospecting and negotiating commercial real estate lease transactions within every major Florida market.

“Chris’ diverse experience and energy will be a significant asset to our leasing team,” said Bobby Eggleston, chief real estate officer and chief financial officer for RMC. “Chris shares RMC’s commitment to deliver superior service while maximizing NOI and property value.”

RMC ROSS REALTY 1ST QUARTER SALE TRANSACTIONS

RMC Ross Realty is pleased to highlight the following sale transactions:

Aaron’s Net Lease Investment: 10,000 square foot retail investment located at 1703 S. Jackson St., Jacksonville, TX. The property sold to Marcus Strickland III for $995,000. Chris Shryock and Elliott M. Ross, CCIM of RMC Ross Realty represented the seller: NTJ Development, Inc.
Raheb Office Park: Five building office park totaling 23,120 square foot on 2.92 acres located at 6675-6707 38th Ave N in St. Petersburg, FL. The property sold to HW Properties Ltd. for $925,000. Elliott M. Ross, CCIM of RMC Ross Realty represented the seller: Raheb Family Enterprises Ltd.
Express Oil Change: 4,750 square foot open air plus 345 square foot office with HVAC auto repair building located at 321 W Dr MLK Jr Blvd in Seffner, FL. The property sold to National Retail Properties, LP for $675,000. Chris Shryock and Elliott M. Ross, CCIM of RMC Ross Realty represented the seller: SPB Properties LLC.
Express Oil Change: 4,750 square foot open air plus 345 square foot office with HVAC auto repair building located at 321 W Dr MLK Jr Blvd in Seffner, FL. The property sold to National Retail Properties, LP for $675,000. Chris Shryock and Elliott M. Ross, CCIM of RMC Ross Realty represented the seller: SPB Properties LLC.
St Petersburg Bar Foundation: 3,003 square foot building and .33 acre vacant land parcel located at 2880 1st Avenue N and Central Avenue in St. Petersburg, FL. The property sold to Latta Properties, LLC for $410,000. Chris Shryock of RMC Ross Realty represented the seller: St Petersburg Bar Foundation, Inc.
Discovery World SR 52: 6,520 square foot two-building commercial office / day-care complex located at 9310 SR-52 in Hudson, FL. The property sold to Learn & Play Preschool for $380,000. Dennis P. Bush, ALC of RMC Ross Realty represented the seller: Synovus Bank.
SR 54 Land O’Lakes Office Land: two vacant land parcels totaling 12.67 acres located at 20101 SR-54 in Lutz, FL. The property sold to WCD Holdings LLC for $315,000. Dennis P. Bush, ALC of RMC Ross Realty represented the seller: FCB REO Holdings, LLC.
Crest Avenue Former ALF: 3,722 square foot, two building former assisted living facility located at 2518 & 2520 W. Crest Ave in Tampa, FL. The property sold to Grace and Kevin Horvath for $260,000. Dennis P. Bush, ALC of RMC Ross Realty represented the seller: Synovus Bank.
Ybor City Commercial Building: 5,500 square foot free standing building located at 3417 E 7th Ave in Tampa, FL. The property sold to Jesus Lopez for $220,000. Dennis P. Bush, ALC of RMC Ross Realty represented the seller: Golden Sunrise Properties LLC.

RMC SUCCESSFULLY DEVELOPS CARRABBA’S IN VENICE, FL

RMC Real Estate Services (RMC) is proud to highlight the opening of the Carrabba’s Italian Grill® in Venice, FL. The project was developed by the RMC Property Group division.

The Carrabba’s is located at 1751 S. Tamiami Trail, Venice, FL, and features a design mix of traditional and contemporary elements inspired by the look and feel of Italy. The restaurant features an open kitchen, a relaxed and casual dining room with family tables, a modern Italian bar and patio dining.

This restaurant’s location is well-positioned to serve consumers and support the community in the Venice market. Additionally, Carrabba’s conducted an opening day give-back event, which donated a portion of opening day sales to the local Venice YMCA. It’s reported that Carrabba’s hired approximately 120 employees for the location.

RMC is presenting this newly constructed, free standing Carrabba’s Italian Grill for sale as an absolute NNN ground lease investment opportunity with no landlord responsibility. For more information or to request the full offering memorandum, contact Brandon Eggleston at brandon@rmcpg.com.

“RMC has a reputation as being one of Florida’s premier retail developers. From site selection to construction management, this Carrabba’s project was an excellent demonstration of RMC’s robust development capabilities,” said Bobby Eggleston, chief real estate officer and chief financial officer for RMC.

SOLD: 23,120 SF Five Building Office Park | St. Petersburg, FL

RMC Ross Realty is pleased to announce the sale of a 23,120 SF, five building office park on 2.92 acres located at 6675-6707 38th Avenue North in St. Petersburg, Florida. The property sold for $925,000 to HW Properties, LTD. Elliott M. Ross, CCIM & Linda West of The Ross Team represented the seller, Raheb Family Enterprises, LTD in this transaction

SOLD: Express Oil Change/Auto Repair Building in Hillsborough County

RMC Ross Realty is pleased to announce the sale of the 4,750 SF Open Air plus 345 SF Office with HVAC Auto Repair Building located at 321 W Dr Martin Luther King Jr Blvd, Seffner, Florida. This property sold for $675,000 to National Retail Properties LP. Elliott M. Ross, CCIM & Chris Shryock of The Ross Team represented the seller, SPB Properties LLC.

RMC PROPERTY GROUP'S RECENT NOTABLE LEASE TRANSACTIONS

RMC is pleased to highlight 22,040 square feet of recent leasing activity in its RMC Property Group Division. The following deals feature RMC’s reputation for finding innovative solutions that meet retailer needs;

Dollar Tree leased 10,500 square feet at the Gulf Harbor Plaza in New Port Richey, joining H&R Block in the highly visible center with easy access to US HWY 19. Erica Nelson, Leasing Agent with RMC, handles the leasing of the Gulf Harbor Plaza. Approximately 9,400 square feet is available for lease immediately.
Monkey Madness, a children’s entertainment facility, leased 7,540 square feet at the Marion Shopping Center in Ocala, claiming the final endcap space in the center and joining strong tenants such as Rainbow and Ocala Centre 6. Kerri Atkins, Leasing Executive with RMC, handles the leasing of Marion Shopping Center. Approximately 7,250 square feet is available for lease immediately.
Optimal Performance & Physical Therapies (OPPT) leased 4,000 square feet at Summerfield Shoppes in Riverview - expanding into their 10th location. Luli Cannon, Leasing Executive with RMC, handles the leasing of Summerfield Shoppes. Approximately 10,200 square feet is available for lease immediately.

“We are very excited to have identified the right retail opportunities for a variety of tenants, and enhance the tenant lineup in our centers.” said Bobby Eggleston, chief real estate officer and chief financial officer for RMC. “RMC’s leasing portfolio is expansive, and we are working on some very exciting leasing opportunities.”

RMC REAL ESTATE SERVICES TO ATTEND 2015 WEST FLORIDA IDEA EXCHANGE IN TAMPA, FL

RMC is excited to announce our attendance as a Gold Sponsor at the ICSC 2015 West Florida Idea Exchange February 11 -12 at the Tampa Convention Center. This event is known for its industry-leading networking and deal making.

Meet with us during the event at our Deal Making table and explore our portfolio of available commercial real estate properties for lease and sale. Contact Michelle Willette at mwillette@rmcpg.com to set an appointment with one of our leasing agents. Additionally, members of our executive team will be in attendance.

The International Council of Shopping Centers (ICSC) is the premier global trade association of the shopping center industry. It is made up of over 60,000 members in over 90 countries.

RMC REAL ESTATE SERVICES CLOSES 2014 WITH OVER $82.4 MILLION IN TRANSACTION VOLUME

Tampa, Fla. (January 9, 2015) - RMC Real Estate Services (RMC) is proud to announce $82.4 million in total 2014 transaction volume. This transaction volume encompasses both leasing and investment sale activity on 1.75 million square feet of product.

The leasing activity was strong with 232 leasing transactions, totaling over 750,000 square feet of production.

Investment sales activity was robust with 37 closed transactions entailing slightly more than 1.0 million square feet. The investment sale activity is highlighted by several key transactions. The $12.8 million sale of the Publix anchored Shoppes of Apollo Beach, a 110,000 square foot shopping center; the $4.7 million sale of the 276,000 square foot Falkenburg Eastshore Industrial Business Park; and the $4.4 million sale of the 66,000 square foot Williams Place Shopping Center.

Additionally, RMC was awarded several new exclusive listing assignments - adding more than 400,000 square feet of product to RMC’s already expansive portfolio.

Development activity is showcased by the successful redevelopment of the Publix-anchored Indian Rocks Shopping Center in Largo, FL. The redevelopment transformed the shopping center with a brand new 45,000 square foot Publix store, and a completely remodeled façade for the entire center. Additionally, RMC continues to successfully develop for a number of national retailers. Highlights include several new Wawa stores in the Central Florida market and a Carrabba’s Italian Grill in Venice, FL.

Acquisition activity was accentuated by the $6.75 million acquisition of a 60,000 square foot shopping center in Palm Harbor, FL.

Additional 2014 production highlights and detailed information on key investment sales transactions, major leases and notable new listing assignments can be found on RMC’s website here and blog.

“RMC is proud of the results from 2014, as it showcases our ability to not only increase property values, but connect property owners with the right buyers and tenants," said Bobby Eggleston, chief real estate officer and chief financial officer for RMC. “Our comprehensive capabilities and unique ability to identify trends and opportunities within markets is demonstrated by our success last year."