PRESS RELEASE: Spencer S. Grossman Elected a Shareholder and Principal

20170214_142300-editedWest Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, is pleased to announce that Spencer S. Grossman has been elected as a Shareholder and Principal in the firm.

Mr. Grossman, a graduate of the Pine Crest School in Fort Lauderdale and Dickinson College is a 15-year commercial real estate veteran who specializes in retail investment sales and leasing. Mr. Grossman joined NAI/Merin Hunter Codman in 2010 after spending several years working with Marcus and Millichap and American Commercial Realty.

Mr. Grossman has consistently been a top producer throughout his time at NAI/Merin Hunter Codman and was named the firm’s Broker of the Year in both 2012 and 2014.

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VOLUNTEER EVENT: Gleaning with CROS Ministries

Gleaning is the act of collecting leftover crops from farmers’ fields after they have been commercially harvested or on fields where it is not economically profitable to harvest. Our REAL Leaders spent the morning of Friday, February 10th, in the field, picking over 2,500 lbs. of tomatoes that will distributed to a local soup kitchen.

CROS Ministries utilizes volunteers to recover fresh fruits and vegetables from mango groves, farmers’ fields, cull lines, and donors’ backyards. This food recovery strategy allows the harvested produce to be distributed free of charge through the Palm Beach County Food Bank to their food partners. The Department of Children and Families estimates that 54 million pounds of produce go to waste every year. The Palm Beach County Food Bank has also calculated that 32 million pounds of food are needed to ensure that no one goes hungry in our community. Feeding America reports that 15% of Palm Beach County residents are “food insecure” which means that 200,000 people do not know where their next meal will come from. According to the most recent census data, one in four children in Palm Beach County lives below the poverty line and 61% of elementary-age children attending Palm Beach County public schools are on the free and reduced cost lunch program.

A field supervisor gave the group a quick orientation and directed us to the proper area in the Boynton Beach field. After being picked, the produce is placed into boxes that are loaded into a pick-up for transport to a truck that will take the produce to the Food Bank. CLICK HERE for more details on how you can help.

Events NAI REAL Leaders

PRESS RELEASE: Lesley Sheinberg Named Broker of the Year

Lesley SheinbergWest Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, is pleased to announce that Director, Lesley Sheinberg has been named its’ 2016 Broker of the Year after completing 250,000 square feet in commercial transactions in 2016.

Ms. Sheinberg, a 20-year commercial real estate veteran, specializes in office leasing and investment sales for a wide variety of institutional and private equity clients including JP Morgan, Equus Capital Partners, and Lionstone Investments. She is also recognized as a leading Palm Beach County medical office expert whose clients include South Florida Gastroenterology for whom she provides disposition advisory and landlord representation and ChenMed, a national primary care physician practice committed to bringing superior health care to moderate-to-low-income seniors, for whom Ms. Sheinberg provides advisory and site selection services throughout the state of Florida.

Significant 2016 transactions included her representation of the Landlord in Palm Beach County’s largest single 2016 lease transaction, the 42,000 square foot headquarters relocation of the Health Care District of Palm Beach County to Flagler Waterfront located at 1515 Flagler Drive in West Palm Beach. Other significant transactions in 2016 included the 21,000 square foot biomedical lease to Zimmer-Biomet Holding’s Biomed 3i, LLC division, a global leader in musculoskeletal health, at Golden Bear Plaza, 11760 & 11760 US Highway One in Palm Beach Gardens; and the 17,000 square foot renewal and expansion of the headquarters for Jupiter Medical Center at the Jupiter Medical and Technology Park located at 1701 N Military Trail in Jupiter.

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PRESS RELEASE: NAI/Merin Hunter Codman Completes $18,525,000 Sale of Palm Beach Gardens Office Building

2015_06-20 4400 Pics_NM (36)_edited-NEWWest Palm Beach, Fla. – NAI/Merin Hunter Codman is pleased to announce that it successfully brokered the sale of 4400 PGA Boulevard in Palm Beach Gardens, Florida.

Neil E. Merin, SIOR, CCIM, Chairman of NAI/Merin Hunter Codman represented the Seller, Admiralty Acquisition Co. LLC, in the sale of the 80,300 square foot, 10-story office building to Dr. A. John Merola, of Jupiter, Florida, who was represented by Summit Commercial Real Estate Group of Syracuse, New York for $18,525,000 ($231 per sf).

The Seller, an entity formed by Ray Celedinas of Celedinas Insurance Group and local investors, acquired the property in September of 2013 from a CMBS trust that had foreclosed on the property. At the time of acquisition, the property was just 21% occupied after losing a number of tenants including homebuilder Taylor Woodrow and Fifth Third Bank during the real estate downturn.

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