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REALTY CAPITAL REPRESENTS JAYCO IN INDUSTRIAL LEASE; COMPLETES SALE OF
OFFICE/RETAIL CENTER IN ORMOND BEACH
ORLANDO, Fla. (November 13, 2005) Realty Capital, one of the fastest growing commercial real estate service providers in the market, announced the lease of 24,860 square feet of industrial space at 7451 Brokerage Drive in Orlando. David Parsons and Darryl Dotherow, senior associates of Realty Capital represented the tenant - JayCo International, LLC, a manufacturer of draperies and linens for the hospitality industry. Representing the landlord -- RREEF Management was Susan Ruby and Lee Morris of Cushman & Wakefield.
Parsons and Dotherow were also responsible for the sale of Renaissance Center, a 53,174-square-foot retail/office center in Ormond Beach, to RealtyFund II, LLC principals Jeff Brock, Charles Frederick and Sam Oswald. RealtyFund is a sister real estate investment company of Realty Capital that has been successfully purchasing and turning around office, retail and industrial properties. The sale price of Renaissance Center was $4.2 million. The seller was Tiki Supreme, Inc.
About Realty Capital Realty Capital., is one of the few and largest privately held full service commercial real estate brokerages based in Orlando, Florida and operating in the seven-county Central Florida region. The firm consists of three divisions -- brokerage, property management and development services and has a 40-member professional staff. Realty Capital has national and international capabilities through its affiliation with TCN Worldwide, a global network of firms in more than 210 markets worldwide with over 1,200 brokers.
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