November 2012

  • Nov

314 Clematis Street in West Palm Beach sells for $3.2M

November 29, 2012

By Oscar Pedro Muslbay, via South Florida Business Journal

The recent sale of the 30,000-square-foot retail/office building at 314 Clematis St. in West Palm Beach signals a sign of growth for the area, according to CBRE.

The property was purchased by an affiliate of Boca Raton-based T-Rex Capital for $3.2 million, according to public records. The seller is an affiliate of Ram, which hired CBRE to market the asset for sale and negotiate the transaction.

“The historic district in Clematis Street has experienced many ups and downs over the years. The area is on the verge of revitalization and is reflected by a few recent sales including 314 Clematis Street as well as new tenant activity on the street,” said David Donnellan, First VP with CBRE, in a statement.

Donnellan was joined by Todd Weintraub in providing disposition services to the seller.

The two-story building was built in 1923 and renovated in 2005. The property is 93 percent occupied with the ground floor occupied entirely by a nightclub known as Off the Hookah, and a mix of office tenants on the second floor.

CBRE, led by Joshua Nolan and Anthony Librizzi of the Palm Beach Gardens office, has also been retained by the new owners to provide leasing services.

  • Nov

Seeger Green Energy moving to Design Center

November 28, 2012

by Will Boye, via Charlotte Business Journal

Seeger Green Energy, a German energy-services company, has signed a lease for 1,538 square feet in the Atrium building at the Design Center of the Carolinas in Charlotte. The office will be Seeger’s new North American headquarters.

Seeger is relocating from West Hill Street, and the larger space at the Design Center will function as the main hub for the company’s North and South American renewable-energy activities.

“We are extremely excited for the opening of our new office in Charlotte,” says Karl-Heinz Schulz, chief operating officer and executive vice president for business development at Seeger Green Energy. “This move represents our commitment to providing the renewable energy and biofuel market new and innovative solutions that have been the focus of our company for over 30 years.”

Seeger Green Energy provides consulting and engineering services to companies in the renewable-energy market and is a division of Seeger Engineering AG. The firm specializes in work relating to biomass heat and power plants as well small decentralized biomass heat plants or pellet and briquette production plants. Seeger’s services include project development, planning and financing, as well as project supervision after plant commissioning.

Seeger was represented by Ian Bertolina with Bertolina Commercial Real Estate Services. The landlord, Ram Realty Services, was represented by Meredith Dickerson, formerly with Coldwell Banker Commercial MECA, now with Cushman & Wakefield | Thalhimer.