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Troubled Sears offering to sell Gulf Coast stores

COURTESY PHOTO — Sears Holdings is offering to sell or auction eight Sears or Kmart stores along the Gulf Coast. The Westfield Citrus Park store, shown, will close as part of the chain's downsizing.

In the wake of its October bankruptcy filing and in a bid to avoid liquidation, Sears Holdings Corp. is planning to sell or auction eight of the few remaining Sears and Kmart stores along the Gulf Coast.

The troubled retailer says in documents filed in New York in conjunction with its bankruptcy case that it’s offering to sell Sears stores in the Brandon Town Center; in Fort Myers; Coral Gables; the Westshore Plaza in Tampa; and the Port Charlotte Town Center, in Charlotte County.

A trio of Kmart stores, in St. Petersburg; Bradenton and Ellenton also will be either sold or auctioned.

The company has set a date of Dec. 28 for all “definitive” bids to be submitted. An auction is slated to be held on Jan. 14. Sears Holdings has retained commercial real estate brokerage firm JLL to sort through bids and evaluate their feasibility, and consult on all owned or leased properties.

Sears has closed hundreds of stores nationwide since 2016, including its offerings in the Sarasota Square Mall in Sarasota; University Square in Tampa; and the Countryside Mall, in Clearwater. The company has also shuttered stores in Naples and Lakeland.

Its DeSoto Square Mall store, in Bradenton, is scheduled to be closed at the end of this year, one of 142 stores Sears Holdings announced would not remain open in 2019.

In September, Sears also tapped commercial real estate brokerage Avison Young to sell Sears stores in Tampa’s Westfield Citrus Park, along with units in Port Richey and Daytona.

The brokerage also is marketing for sale a 1.94 million-square-foot distribution center in Ocala Sears owns that is billed as the Sunshine State’s largest building.

Sears Holdings has secured a $350 million line of credit to keep the stores being sold now open through year end, the filing notes.

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Gladstone Commercial Corporation Announces $18.5 Million Office Acquisition in Orlando, FL

MCLEAN, Va., Jan. 02, 2019 (GLOBE NEWSWIRE) — Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 87,080 square foot, Class-A, three-story office building in the Orlando, FL suburb of Lake Mary for $18.5 million on December 27, 2018.

The property is 100% leased to CentralSquare Technologies (“CentralSquare”), through December 2029. CentralSquare is a newly formed company through the merger of Superion, TriTech, and the public sector and healthcare business of Aptean arranged by equity sponsors Bain Capital and Vista Equity Partners. The acquisition of the property is consistent with Gladstone Commercial’s growth strategy of acquiring high-quality assets in strong markets with credit-worthy tenants.

The property consists of a three-story, 87,080 square foot office building that serves as CentralSquare’s new headquarters.

“This is our second acquisition in the Orlando MSA, which continues our strategic expansion into both primary and strong secondary markets in the U.S.,” said Brandon Flickinger, Managing Director of Gladstone Commercial. “The long-term lease with CentralSquare will provide attractive stable returns to our investors over the long term given the attributes of the real estate and strong macroeconomic drivers of the Orlando economy.”

Bob Cutlip, President of Gladstone Commercial, agreed. “This transaction is an excellent acquisition in a strong growth market. The long-term lease increases the weighted average lease term of our portfolio, which minimizes near-term re-leasing costs and ensures the stability of our portfolio cash flow.”

About Gladstone Commercial (NASDAQ: GOOD)

Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of September 30, 2018, its real estate portfolio consisted of 99 properties located in 24 states, totaling approximately 11.6 million square feet. For additional information please visit www.gladstonecommercial.com

For Broker Submittals:

Midwest/Northeast:Southeast:Matt TuckerBrandon FlickingerSenior Managing DirectorManaging Director(703) 287-5830(703) 287-5819Matt.Tucker@gladstonecompanies.comBrandon.Flickinger@gladstonecompanies.comSouth/Southwest:Buzz Cooper Senior Managing Director(703) 287-5815Buzz.Cooper@gladstonecompanies.com

Investor or Media Inquiries:

Bob CutlipPresident – Gladstone Commercial Corporation(703) 287-5878Bob.Cutlip@gladstonecompanies.com

All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Readers should not rely upon forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause the Company’s business, financial condition, liquidity, results of operations, funds from operations or prospects to differ materially from those expressed in or implied by such statements. Such risks and uncertainties are disclosed under the caption "Risk Factors" of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as filed with the SEC on February 14, 2018 and certain other filings we make with the SEC. The Company cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

SOURCE: Gladstone Commercial Corporation

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WATCH: Mets’ Brandon Nimmo says why he doesn’t fear trade rumors

At the beginning of the offseason, Mets OF Brandon Nimmo saw his name swirling around MLB trade rumors, but he wasn’t worried one bit.

This isn’t the first time it’s happening.

Calling into "Mets Hot Stove," Nimmo divulged on the first time he remembers his name being out there, and how that moment shaped his mindset about the rumors.

"It seems like since I’ve been in the big leagues that I’ve been on the cusp of being traded," he told SNYs Gary Apple. "I remember back in 2016 it was like a done deal that I was being traded for Jay Bruce. And then stretch came around and it was like ‘Oh, I guess I’m heading out for stretch.’ It didn’t end up going through about 10 minutes to the deadline.

"So seems like ever since that point, my name has always been out there, which is great. The way I like to look at it is it’s a great thing that people want you and you’re name’s out there. But I’m still a New York Met and so that means the Mets like me even better and that’s a really great thing too. So you just try and take care of the work you put in and preparation that you have."

This offseason, Nimmo’s name was featured primarily in the potential trade for Marlins C J.T. Realmuto, but the Mets leaned away from dealing Nimmo, Michael Conforto, or Amed Rosario, which shows how much Mets new GM Brodie Van Wagenen values his young talent.

Unless something crazy happens, it looks like Van Wagenen is happy with Nimmo being an everyday outfielder, and rightfully so as his production would warrant that responsibility. Nimmo posted a .263/.404/.483 line with a career-high 17 homers and 47 RBI over 140 games last season — his first full season in the big leagues.

At 25 years old, Nimmo is also under team control for another four seasons, making him a valuable asset for the Mets for years to come.

(John Bazemore)

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TRAFFIC INBOX: Unusually Congested Road in Hillsborough County

In Hillsborough County, making the drive east or west across Brandon and Bloomingdale can be tough.

HILLSBOROUGH COUNTY, Fla. — As our communities grow, so do our traffic headaches.

This week’s Inbox looks at Brandon Boulevard, Lumsden Road, Bloomingdale Avenue County officials know it’s a troubled area; Group is studying solutions

In Hillsborough County, making the drive east or west across Brandon and Bloomingdale can be tough.

There are three main roadways: Brandon Boulevard, Lumsden Road and Bloomingdale Avenue.

All three are packed during the morning and afternoon commutes.

Spectrum Bay News 9 viewer Mary Ann Pidick is a Bloomingdale Avenue driver and says the intersection at Kings Avenue can be unbearable.

"Traffic turning east onto Bloomingdale from southbound Kings Avenue routinely blocks the intersection so that no one in the other travel lanes can move," Pidick said.

It’s frustrating for everyone.

According to Chuck Henson’s conversations with the county, officials know it’s a troubled area.

Groups like Plan Hillsborough are studying the road way, looking at ideas like reversible lanes as a way to move traffic better.

But for now, from the county’s perspective, there is nothing in the works.

"There are no operational improvements currently planned for the intersection of Bloomingdale and South Kings Avenue," said Chris Wilkerson, Hillsborough County senior media relations strategist. "Hearing that the intersection is unusually congested, we are sending an engineering team to investigate the traffic signal and ensure it is operating correctly."

A Brandon corridor study is nearly complete. Plan Hillsborough has removed the reversible lanes option and is now focusing on intersection improvements similar to what we are seeing as part of the Complete Streets Program, which would be intersection design and engineering based.

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News of Record for Friday, Dec. 14

SUITS: County of Volusia v. Robert Sanchez, other; Family Realty Properties LLC v. Charmaine D Koldon, real property; US Bank National Association v. Annie F. Johnson, real property; Nancy H. Johnstone v. Frank H. Norman, real property; Bank of New York Mellon v. Henry Brandon Gurney IV, real property; ABLDVC LLC v. Tarpon IV LLC, real property; Larkspur West Volusia Retail LLC v. Karalous LLC, in excess of $15,000; Laura E. Roth v. James H. Hanna, real property; Lillian Perez Borrero v. Alicia Cotto, auto negligence; James Gregory Ashworth v. Caleb Christian Coker, auto negligence; Clayton Benio v. Sheriff of Volusia County, other; Sieg Inc v. Marc Suckell, in excess of $15,000; Discover Bank v. Carol L. Hornikel, in excess of $15,000; Integon Preferred Insurance Co. v. Patrick Coogan, in excess of $15,000; Deborah Shaw v. Brillance Living Corp., discrimination, employment or other; Glenn Roland Roberts v. Jill Audrey Bates, auto negligence; Sonia Nieves v. Brenda Ramos, auto negligence; Timothy Vallance v. Allstate Fire and Casualty Insurance Co., auto negligence; Housing Authority of the City of Daytona v. Richard L. Boston, real property; Bank of America NA v. Donald B. Coffin, real property; Reverse Mortgage Funding LLC v. Richard Montero, real property; Nationstar Mortgage LLC v. Carl Clark, real property; J&M Restoration Services Inc v. FedNat Insurance Co., insurance claim; Wells Fargo Bank NA v. Nathan D. Curry, real property; Schindler Elevator Corp v. Daytona Beach Ocean Towers Inc, in excess of $15,000; Collis Roofing Inc v. Security First Insurance Co., insurance claim; Corey Hucka v. Benjamin Batdorff, auto negligence; Water Restoration LLC v. Melinda Hamlin, in excess of $15,000; Jose Pesante v. Homeowners Choice Property & Casualty, insurance claim; Fernando Perez v. Security First Insurance Co., insurance claim; JPMC Specialty Mortgage LLC v. Saundra L. Paddock, real property; Flagstar Bank FSB v. Jennifer Marie Juarie, real property; Finance of America Reverse LLC v. Marilyn J. Wilson, real property; Joanne Oliver v. Allstate Fire and Casualty Insurance Co., auto negligence; Town Park Homeowners Association Inc v. City of Port Orange, other; John R. Brooks v. Bill Dodge, in excess of $15,000; Juliana Scully v. Security First Insurance Co., insurance claim; M&I General Contracting LLC v. FedNat Insurance Co., insurance claim; Raymond C. Sallee v. Angela M. McKinney, auto negligence; Citizens Bank NA v. Maegan R. Rohrbach, real property; Deutsche Bank National Trust Co. v. Kathleen Carpenella, real property; US Bank Trust NA v. Green Emerald Homes LLC, real property.

MARRIAGES: Tyyawn D. Robinson and Eleanor Talatu Gbokamuno Jediel, DeLand; Thiago E. Falcao and Danielle A. Epling, Holly Hill; Kyndall B. Koenke and Brian F. Roberts Jr., Daytona Beach; Dimitri A. Wilks, Oviedo, and Johnna N. McCarthy, Daytona Beach; Lesley R. Goins and Cassie T. Scheller Freeman, DeLand; Ana M. Diaz Caban and Samuel de Jesus Burgos, Deltona; David R. Bachelor and April D. Morris, DeLand; Mary A. Sparaccio and Adam H. Dovi, Port Orange; Evadene I. Jackson and Matthew M. Brabham Jr., Edgewater; Latricia L. Harris and Stephen A. Scicere, Daytona Beach; Shaun P. Borey and Dominic J. Bertolino, Deltona; James C. Giles Jr. and Sheryl C. Ashe, Pierson; Jessica K. Hamilton and Thomas J. Fry, Port Orange; Jack P. Cannon, Ormond Beach, and Susan A. O’Rourke, Waterbury Center, Vermont; Joel V. Bressett and Katrina M. Adkins, Edgewater; Thomas J. Jackson and Shannon L. Hardwick, Port Orange; Paul F. Arellano and Yesenia N. Proano, Orange City.

MARRIAGE DISSOLUTIONS STARTED: Darlene v. Israel Gonzalez Jr,; Kemesha v. Lemuel Williams; Patrina v. James Nunnally; Wendy v. Kevin Pearson; Lajos v. Isabelle Nagy; Judith v. Craig Myers; Dakota K. v. Chase M. Ward; Patrica A. v. Carl T. Lupica III; Craig v. Nesetta Spencer; Tamara A. v. Gregory S. Kaiser; Debra L. v. Richard E. Howell Jr.

MARRIAGE DISSOLUTIONS GRANTED: Adrian and Kelly F. Nasufi ; Kaitlyn M. Christiansen and Christian R. Cirotti; Sean Dolich and Danielle Dragone; Joseph A. and Priscilla Campbell; Frederick O. and Tracey Johnson; Jamie H. and Robert W. Jarrard; Amanda B. and Michael Niesen; Kenneth J. Falco Jr and Genesis M. Evans; James M. and Julianne F. Leblanc; Iris M. Santoni Tirado and Richard C Jamie; Randy F. and Maria A. Crocker; Jean M. Califar and Stephen M. Therre; Greg and Mizell Mais; Darrell J. and Erica L. Graham; Elizabeth Pulido and Hugo H. Pulida Garcia; Robert V. and Julie A. Hennessy; Jessica Cruz and Josue Ramos; Julia Booth and David Bassett; Neysa and Christine Gregory; George M. and Rebecca G. Barnes.

BIRTHS:

HAMILTON/HALL: Krista Hamilton and Justin Hall, New Smyrna Beach, are the parents of a daughter weighing 5 pounds, 10 ounces, born at 10 p.m., on Dec. 12, 2018, at Florida Hospital Memorial Medical Center, Daytona Beach.

HERBERT: Adrian and Chelsea Herbert, Bunnell, are the parents of a daughter weighing 8 pounds, 10 ounces, born on Dec. 10, 2018, at Florida Hospital Memorial Medical Center, Daytona Beach.

PHILLIPS/GOODWIN: Brittany Phillips and Chris Goodwin, Palm Coast, are the parents of a son weighing 7 pounds, 10 ounces, born at 11:29 a.m., on Dec. 12, 2018, at Florida Hospital Memorial Medical Center, Daytona Beach.

PRAKOPOVA/RECHITS: Volha Prakopova and Sergei Rechits, Daytona Beach, are the parents of a son weighing 9 pounds, born at 6:41 a.m., on Dec. 12, 2018, at Florida Hospital Memorial Medical Center, Daytona Beach.

SELLERS: Kyle and Santana Sellers, South Daytona, are the parents of a son weighing 6 pounds, 11 ounces, born at 8:59 p.m., on Dec. 11, 2018, at Florida Hospital Memorial Medical Center, Daytona Beach.

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Brandon: See 5 Local Homes For Sale

BRANDON, FL — On the hunt for a new home nearby, but tired of looking through the same old real-estate listings again and again? Not to fear! To save you some time, we here at Patch have compiled the latest batch of five new listings nearby.

Here are the five newest properties to hit the housing market in the Brandon area — including one with 2 beds and 2 baths for $149,000, and another with 4 beds and 4 baths for $474,900.

Like what you see? Simply click on any address in the list to get additional pics and details. Enjoy!

Price: $149,000
Size: 1,240 sq. ft., 2 beds, and 2 baths

Price: $158,000
Size: 1,574 sq. ft, 2 beds, and 3 baths

Price: $220,000
Size: 1,369 sq. ft., 3 beds, and 2 baths

Price: $474,900
Size: 2,936 sq. ft., 4 beds, and 4 baths

Price: $244,900
Size: 1,856 sq. ft., 3 beds, and 2 baths

That’s not all! Keep scrolling for more listings. And there are even more homes for you to check out in Patch’s real-estate section for the Brandon area.

Photos courtesy of Realtor.com

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Brandon: Check Out 5 Local Homes For Sale

BRANDON, FL — When you’re looking for a new home, keeping tabs on all the latest listings can take hours of tedious hunting online. That’s why we’ve gone ahead and done the prepwork for you.

Here’s a list of the five most recent homes to go up for sale in the Brandon area — including one with 3 beds and 2 baths for $149,000, and another with 4 beds and 3 baths for $399,900.

Want more information on one of the houses listed below? Just click on any address to learn more. Happy house hunting!

Price: $289,900
Size: 2,320 sq. ft., 4 beds, and 3 baths

Price: $149,000
Size: 1,169 sq. ft, 3 beds, and 2 baths

Price: $399,900
Size: 2,412 sq. ft., 4 beds, and 3 baths

Price: $240,000
Size: 1,807 sq. ft., 3 beds, and 2 baths

Price: $134,900
Size: 1,168 sq. ft., 2 beds, and 3 baths

Still want to see more options? Keep scrolling for more listings. Or there’s always a complete list of local homes in our real-estate section for the Brandon area.

Photos courtesy of Realtor.com

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Boca Raton unveils new vision for its Midtown without apartments

A woman walks through Boca Center, near where the city is proposing improved lighting, crosswalks, trees and roundabouts. (Sun-Sentinel)

Instead of a massive mini-city designed by developers, Boca Raton is proposing its own changes for Midtown, a square mile off Military Trail near Town Center Mall that the city has been working for years to revitalize.

The city wants to create public gathering areas, add medians, trees and lighting and make the area pedestrian-friendly, even though walkers would have to cross six-lane Military Trail in some spots.

“There are ways to make it less scary and less dangerous,” Brandon Schaad, the city’s planning director, said of the north-south route, known for its traffic jams and long stoplights.

The city is not recommending any residential development in Midtown, Schaad said. The proposal is the city’s counter to a developer’s plan that had envisioned shops, restaurants and up to 2,500 apartments or condominiums. But as the plans became public, residents complained the development had too many apartments and new buildings.

The City Council rejected the development in January and later called for the study that was unveiled on Tuesday at the Spanish River Library. Crocker Partners, a real estate and management firm that had proposed Midtown Boca, filed suit in October, asking for $137 million in damages.

Crocker owns several buildings in or near Midtown, including The Plaza, 5355 Town Center Road; One Town Center, at 1 Town Center Road; One Boca Place, 2255 Glades Road; and Boca Center, 5150 Town Center Circle, which consists of two office buildings, a retail center and Marriott hotel.

After residents protested the proposal, the city asked for ideas on what they would like to see in Midtown, currently home to office buildings and restaurants, a bowling alley and a former Bally’s health club that has been closed since 2009. The consensus, according to Schaad: They want incremental changes that make the area prettier, safer for pedestrians, and accessible for community gatherings.

“They don’t want to see too much change too fast,” he said.

He said the city is looking at improving sidewalks and adding trees on several Midtown streets, including Northwest 19th Street, Butts Road and Military Trail. He said officials also are researching roundabouts that would slow traffic, bike paths and grass- and tree-filled medians. A survey will explore how employees in the office buildings commute to their workplaces.

He said moderate changes would take place over the next five years.

Residents in attendance on Tuesday said they liked what they heard.

“I’m glad to see the Midtown project is being well thought out and planned,” Bill DeAngelis said.

Resident Jack McWalter said he would like to see a development similar to Mizner Park, developed by Crocker, a retail-residential center in Boca Raton with many public gathering spaces that offers a “sense of place.”

“That’s what a lot of people in the community visualize,” he said.

Lsolomon@sunsentinel.com

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Additional Information About 1402 Wakefield Dr, Brandon, FL 33511

1402 Wakefield Dr, Brandon, FL 33511
1402 Wakefield Dr, Brandon, FL 33511
Bedrooms: 3
Full Bathrooms: 2
Lot Size Square Feet: 8181

*School data provided by National Center for Education Statistics, Pitney Bowes, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Year Taxes Land Additions Total Assessment 2018 – – + N/A = $111,738 2017 $1,618 – + N/A = $109,440 2016 $1,581 – + N/A = $107,189

The price and tax history data displayed is obtained from public records and/or MLS feeds from the local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.

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Incumbent faces off against newcomer in 5th House District

Rep. Brandon McGee, D-Hartford, who’s seeking a fourth term in the 5th House District, faces off against a political newcomer, Republican Charles Jackson of Windsor.

McGee, 34, who lives in Hartford and works as a marketing outreach coordinator for the Capitol Region Education Council, in August defeated his party’s endorsed candidate, Lawrence Jaggon, in a landslide primary victory.

McGee has a master of science degree in management and organizational leadership from Albertus Magnus College and a bachelor of arts in political science from Alabama State University.

He said his endorsements include the Working Families Party, the Connecticut AFL-CIO, Connecticut Young Democrats, and the Service Employees International Union.

“There is an energy you feel going door-to-door, talking with voters,” he said.

As vice chairman of the legislature’s Black and Puerto Rican Caucus, McGee said he’s increasing efforts to recruit and retain minority teachers and expand reentry programs, or programs and resources for individuals who’ve been released from prison.

Jackson, 47, said he’s mostly a stay-at-home dad who works part time as a bouncer at Arch Street Tavern in Hartford.

He’s a graduate of Bloomfield High School and attended the University of Connecticut for several years studying communications before leaving school to work as a television journalist.

Though a political action committee has endorsed him, Jackson said he hasn’t accepted any campaign contributions and is amazed at how much money gets thrown around during an election.

To get the word out about his candidacy, Jackson said he’s using word of mouth and social media.

Jackson said his campaign is different than most candidates because he’s not running on any particular platform — although he’s against tolls. He simply wants to represent people and help them.

What he has a problem with is the premise of tolls being implemented in Connecticut.

As to what ideas Jackson might have on how the state can generate revenue without tolls, he won’t say.

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