Big Wins for NAI Merin Hunter Codman Founder and Chairman, Neil E. Merin

We want to wish a hearty congratulations to our Chairman, Neil E. Merin, SIOR, CCIM for his recent big wins!

CCIM’s Biggest Deals of 2019

A big “Thank You” to Neil and the rest of the team that worked on our 1 East Broward acquisition, which made it as a CCIM 2019 Biggest Deal! View the interview of all finalists at these links: View Link | View PDF

Key highlights of Neil’s interview include the notions “Approach each opportunity as a partnership,” and “Knowledge: know your market and product better than anybody else. Expertise: become an expert at whatever segment you deal in. Credibility: make sure you have a reputation for honesty, integrity, expertise, and knowledge.”

SFBJ’s 2019 Structures Awards

1 E Broward was a finalist in the Terry Stiles Deal of the Year Award, but the big win of the night was Neil Merin’s acceptance of the Dealmaker of the Year Award. View the SFBJ’s fantastic write-up about the awards here: View Photos | View Article | PDF Article | View Acceptance Video

Neil said, “I’m not the young hotshot in the business when I started. Building teams and helping people launch their careers is really what I enjoy, more than just doing the deal. I just love what I do. I live, eat and breathe this business.”

Events General Transactions

NEWS PICK-UPS: MHCommercial Acquires Myrtle Beach Retail Center

A few media organizations have picked up our Press Release on the recent acquisition of Prince Creek Village, an 18,000-square-foot retail center in Myrtle Beach, South Carolina.

CoStar: View PDF | View Article

ICSC: View PDF | View Article

CP Executive: View PDF | View Article

Business Development Board of Palm Beach County: View PDF | View Article

Boca Raton Chamber: View PDF | View Article

News Articles Press Releases Property Management Transactions

MHCommercial Real Estate Fund Acquires Publix Shadowed Anchored Shopping Center in Myrtle Beach MSA for $4,850,000

— NAI/Merin Hunter Codman has been retained for the management and NAI Lachicotte for the leasing of the property. —

West Palm Beach, Fla. – MHCommercial Real Estate Fund, a real estate investment fund recently launched by principals of leading South Florida Commercial Real Estate firm NAI/Merin Hunter Codman, has announced the completion of its second acquisition, Prince Creek Village located at 11920 SC Highway 707, Murrells Inlet, South Carolina, a fast-growing suburb of Myrtle Beach.

Prince Creek Village is a 92% occupied 18,000-square foot, Publix shadow-anchored commercial center built in 2017. The property’s tenants include Edward Jones Financial Advisory, Tidelands Health Family Medical Center and a number of popular local restaurants. The property was purchased from Columbia Properties, Inc. for $4,850,000. LoanCore Capital provided financing for MHCommercial Real Estate Fund.

Jordan Paul, Principal of MHCommercial Real Estate Fund stated, “We are excited to close our second investment this month for MHCommercial Real Estate Fund. Prince Creek Village aligns well with our goal to invest in well-located, high-quality commercial properties with strong economic and demographic growth in the Southeastern United States. Prince Creek Village enjoys an outstanding location adjacent to a new Publix grocery store in one of the most affluent communities in the fast-growing Myrtle Beach metropolitan area. Our affiliation with the NAI Global network gave us outstanding insight into the local market and the property’s strong tenant base includes a diverse mix of popular local medical, financial service businesses and restaurants which will provide our investors with immediate cash flow and the opportunity to realize additional value as the area continues to grow.”

NAI/Merin Hunter Codman has been retained to manage the property and Myrtle Beach-based NAI Lachicotte has been retained to lease the property.

CLICK HERE to view the full Press Release.

Press Releases Property Management Transactions

Neil Merin and Firm Nominated for 2019 SFBJ Structures Awards

We’re excited to share that our Chairman, Neil E. Merin, SIOR, CCIM, and the firm, have been nominated as finalists in the 2019 SFBJ Structures Awards, which aims to honor sky-line changing projects, distinguished developers and outstanding architects at its fourth annual event. Categories include top projects in retail, architecture and design, hospitality, as well as the Developer of the Year and the Terry Stiles Deal of the Year.

Neil has been nominated as Dealmaker of the Year and the company has been nominated for Deal of the Year with it’s 1 E Broward acquisition. We’re honored to be included and wish a hearty Congratulations and Good Luck to all nominees!

View PDF | View Article

News Articles Transactions

NEWS PICK-UPS: MHCommercial Real Estate Fund & 2601 Oakland Park

A few media organizations have picked up our Press Release on the launch of the firm’s real estate fund, MHCommercial Real Estate Fund I, and the fund’s first purchase of 2601 Oakland Park Blvd.

CRE News: View PDF | View Article

CoStar: View PDF | View Article

South Florida Business Journal: View PDF | View Article

The Real Deal (Fund): View PDF | View Article

The Real Deal (2601 Bldg): View PDF | View Article

CP Executive: View PDF | View Article

BDB Palm Beach County: View PDF | View Article

CRE-Sources: View PDF | View Article

News Articles Press Releases Transactions

PRESS RELEASE: MHCommercial Real Estate Fund Acquires 2601 Oakland Park Boulevard for $11,750,000

West Palm Beach, Fla. – MHCommercial Real Estate Fund, a real estate fund recently launched by principals of leading South Florida Commercial Real Estate firm NAI/Merin Hunter Codman, has announced that its affiliate has acquired 2601 Oakland Park Boulevard, a 60,000 square foot office building located at 2601 East Oakland Park Boulevard in Fort Lauderdale, Florida.

The property was purchased for $11,750,000 or $196 per square foot. KeyBank provided financing for MHCommercial Real Estate Fund and attorney Stuart Kapp of Kapp Morrison represented MHCommercial Real Estate Fund in the transaction.

Dung Lam, Principal of MHCommercial Real Estate Fund stated “We are very pleased that the first purchase of the Fund is a first-class office building with an outstanding location in the dynamic Fort Lauderdale market. Additionally, 2601 Oakland Park has recently been completely renovated offering its tenants one of the area’s highest quality professional office environments. This premier property is located in the high-end Coral Ridge neighborhood, just minutes from all of the exciting development in downtown Fort Lauderdale. This acquisition provides our investors with strong immediate cash flow and a significant opportunity for value creation as Fort Lauderdale establishes itself as a 24/7 gateway city with a vibrant live/work/play environment.”

NAI/Merin Hunter Codman has been retained to manage and lease the property. To learn more about leasing opportunities please contact Maxwell Pawk at 561-471-8000.

Click here to view the full press release.

Press Releases Transactions

NEWS PICK-UP: HappyOrNot Moves to Centerpointe Delray

Please enjoy the following excerpt from the original article by Brian Bandell, Senior Reporter, South Florida Business Journal. View Link | View PDF

NAIOP South Florida also shared details about this deal. View Link | View PDF

Customer service and technology firm HappyOrNot Americas will move into a larger office, where it plans to hire dozens of employees

The Finland-based company, which runs customer service platforms such as kiosks, leased 9,004 square feet at 1690 Congress Ave., Delray Beach for the headquarters of its U.S. operations. It will relocate from 701 Northpoint Parkway, North Palm Beach.

Darcie Lunsford and Sky Butters of Butters Realty & Management represented landlord CDS International Holdings in the deal, while Jason Sundook and Christopher Smith of NAI/Merin Hunter Codman represented HappyOrNot.

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Mystic Cruises Fleet

NEWS PICK-UP: Mystic Cruise Line Chooses 1 East Broward as North American HQ

Please enjoy the below excerpt from the original article “A new luxury expedition-focused cruise line will soon call Florida home” by Ken Storey at Orlando Weekly. View Article | View PDF

From Virgin to Ritz Carlton, the luxury cruise industry grows larger every day, and with it, Florida continues to dominate the industry. Now yet another cruise line has decided to make Florida its home. According to posts by the company on LinkedIn and comments by real estate firm NAI/Merin Hunter Codman, Mystic Cruises USA, the North American division of the new boutique luxury cruise line Mystic Cruises, will be headquartered in Fort Lauderdale. 

Image via Mystic Cruises

Mystic Cruises USA is just the latest cruise line to pick Florida for its headquarters. Disney Cruise Lines is headquartered in Celebration with Royal Caribbean and Carnival both based out of Miami. Soon-to-launch cruise lines Virgin Voyages and Ritz-Carlton Yacht Collection will be headquartered in Plantation and Coconut Grove, respectively. 

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