Successful Lease of Drummond Community Bank

By The Drotos Ryals Group

The Drotos Ryals Group is pleased to announce the successful lease transaction of 3436 W University Avenue on behalf of Drummond Community Bank. The location is the former Pat’s Kwik Stop located just off the corner at 34th Street and University Avenue across from the new PDQ. The space consists of 2,400 SF with a walk-up window and will be Drummond’s first location in Gainesville. Drummond Community Bank will provide a small-town personal banking experience and fill a void for a true local bank following the acquisition of most of Gainesville’s smaller banks over the last 18 months.

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Disposition of Former Verizon Networking Facility

By Mike Stanton

The Drotos Ryals Group at Bosshardt Commercial & Land Division is pleased to announce the successful disposition of the former Verizon Networking Facility located at 7525 NW 4th Boulevard in Gainesville. Mike Ryals and Dan Drotos represented the Sellers, Alltel Communications, LLC. (now Verizon) of the 28,322 SF facility on 4.89 Acres. This property is one of Gainesville’s true Class A offices with great visibility on Tower Road and convenient access to I-75.

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Campus CVS/pharmacy Coming Soon

By The Drotos Ryals Group

The Drotos Ryals group is pleased to announce that Social 28, the exciting new luxury student housing community across from Tigert Hall on 13th Street, will be bringing CVS/pharmacy to the first floor of its project. Social 28 is located at 311 SW 13th Street in the heart of the University of Florida’s student population. CVS/pharmacy will be another great amenity amongst a long list of features provided to Social 28 residents including: multiple study rooms, lounges, automated car parking, 2 fitness centers, rooftop sundecks, 2nd floor pool with cabanas, grills and TV overlooking campus and more.

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Your Guide to Understanding Commercial Real Estate Jargon

By The Drotos Ryals Group

If you have ever been amongst a group of Commercial Real Estate Brokers, Investors, Lenders, Developers, or Attorneys it may be as if they are speaking a foreign language. Just as in other professions, a specific jargon is used which includes industry specific terms, acronyms, and lingo. Although this is by no means a comprehensive list, it should provide a non-practitioner some of the most widely used terms so that CRE speak will start to make more sense:

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The Drotos Ryals Group Mid-Year Report 2015

By The Drotos Ryals Group

The heat of the summer is upon us in Gainesville which means we have hit the mid-way point in our year. Each year around this time, we like to take the opportunity to reflect upon the past 6 months and compare the projections from our year-end report with recent market conditions. Industry-wide activity indicates to us that the real estate market has been heating up along with the weather. Many of the trends we described in our 2014 year-end report are holding true- now the question is how long this wave of increased activity will last.

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