Florida hotel and restaurant owners seeking expert advice for owning and operating a successful business in the state of Florida can now call upon visionÂary Florida restaurant broker Athan “Tom” Prakas and veteran Ken DePasquale for consulting expertise including site selection, management, development, operation, marketing and financing expertise.
THE PRAKAS GROUP, INC. REPORTS COMMERCIAL SALE, BUSINESS SALE AND ONE LEASE TRANSACTION IN RECENT PALM BEACH COUNTY COMMERCIAL ACTIVITY
January 27th, 2010
DELRAY BEACH,
FL ? Athan “Tom” Prakas, president/broker of
The Prakas Group, Inc., a full service real estate brokerage specializing in
commercial transactions, business brokerage, restaurants and hospitality
properties, has reported the completion of a property sale, business sale and
one lease transaction in recent activity in Palm Beach County.
Christian Prakas, restaurant/nightclub
specialist, was exclusive broker for the following three
transactions:
*Select
Investment Properties has purchased a 2,800 SF building located at
19-23 SE 5th
Avenue, Delray Beach, FL. The building is presently 75% leased
including an insurance company and BluIce
Lounge, a new martini lounge. The sale is valued at $1,250,000. The Prakas
Group, Inc. represented both the buyer and the sellers, Joseph Peraino and Frank
Carucci of Joe’s Pub Corp.
* Khoury Synergy has purchased the 1,500 SF BluIce Lounge located at 19 SE 5th Avenue,
Delray Beach, FL. BluIce Lounge is a chic lounge serving
Mediterranean themed dishes and crepes along with a full liquor bar. The sale is
valued at $175,000. The Prakas Group, Inc. represented the buyer as well as the
seller, Taylor Smith of On The Rocks.
According to Christian Prakas, “This is an
excellent location in Delray
Beach, right on the corner of Atlantic Avenue and
Federal
Highway. It’s a treasure-trove for any business
seeking maximum exposure on one of the hottest strips in Palm Beach County.”
*Boca Tanning Club Deerfield, Inc. has leased 1,700 SF of retail space for Boca Tanning Club, an upscale tanning
salon, located at 215 N. Federal
Highway, Boca Raton, FL. The company has been in business for
five years and has three other Florida
locations including one in Boca Raton, Fort Lauderdale, and West Palm Beach. The deal is valued at
$215,000. The Prakas Group, Inc. is exclusive broker for Boca Tanning Club for
all of South Florida. The Prakas Group, Inc.
represented the lessee. The lessor, Investments Limited, represented
themselves.
Experience Counts
January 27th, 2010
Boca Raton News
Athan “Tom” Prakas, president/broker and James Layson, managing partner/Central Florida of the Boca Raton-based Prakas Group, Inc., have announced the firma has been selected by Sam Sutton of Lake Buena Vista Resort, LLC as exclusive broker to market 8,000 square feet of restaurant space at Lake Buena Vista Resort Village & Spa.
Hollywood: Retail Activity is Par for the Course
January 27th, 2010
Like many of the cities in the hot South Florida market, Hollywood its coming into its
own in the com?mercial real estate market, especially in the retail sector.
Downtown Delray Holdings LLC Has Bought a 1,923 ft Showroom a 250 E. Atlantic Ave.
January 27th, 2010
The Prakas Group real estate brokerage said Downtown Delray Holdings LLC, also known as American Royal Arts Corp., has bought a 1,923-square-foot retail showroom at 250 E. Atlantic Ave., in Delray Beach. The animation and entertainment fine art publisher also has a location on Las Olas Boulevard, in Fort Lauderdale.
THE PRAKAS GROUP, Inc. SELECTED AS EXCLUSIVE BROKER FOR he Shoppes @ Nu River Landing
January 27th, 2010
FORT LAUDERDALE, PL - Athan “Tom” Prakas, president/broker of The Prakas Group, Inc., a full service commercial real estate brokerage specializing in commercial transactions, restaurants and hospitality properties, has announced that the firm has been selected by developer Jeffrey Lax as exclusive broker to represent The Shoppes (3). Nu River Landmg._ Tlw Shoppes @ Nit River Landing is the commercial component of the newly constructed Nu River Landing Condominium complex located at 511 SB 5th Ave, in downtown Fort Lauderdale. Mr. Prakas and Commercial Specialist Alan Macaulay have the exclusive listing for sales and leasing,
Many Eateries Being Quietly Put On The Market
January 27th, 2010
With a so-so
winter season over, and the slug?gish summer season upon
us, many restaurateurs are throwing in the dish towel.
Restaurant
brokers say a large number of eat?eries throughout South
Florida and the Treasure Coast have been quietly put up
for sale.
Starved for sites
January 27th, 2010
Development pressures make suitable locations hard to find for restaurateurs hungry for area market
South Florida Business Journal - Business of the year nominee - The Prakas Group
January 27th, 2010
Regions Bank and the South Florida Business Journal proudly present the 2007 Business of the Year Awards
The Business of the Year Awards recognize the accomplishments of
various business industries in the South Florida marketplace. Awards
are based on revenue growth, creation of jobs, commitment to employees
and community involvement. All finalists will be honored and winners
named at an awards luncheon, on April 5, 2007 at 11:30 a.m. at the
Broward County Convention Center.
New lease signed on former Lee’s Lakeside space
January 27th, 2010
Friday, February 1, 2008
New lease signed on former Lee’s Lakeside
space
Orlando Business Journal - by Dan Ping Staff Writer
ORLANDO
– A California-based restaurant company may open a contemporary Italian
restaurant and wine bar in the former Lee’s Lakeside restaurant on the south
shore of Lake Eola.
The 10,000-square-foot space at 431 E. Central Blvd.
was leased Jan. 24 by Tom DiGiorgio, chief operating officer of Pompano
Beach-based DK Group Inc., says Tom Prakas, president of The Prakas Group real
estate firm which brokered the deal.
Prakas says DiGiorgio is recruiting
famed restaurateur Piero Selvaggio to open a version of his Valentino restaurant
in Orlando. It would be the first Valentino eatery in Florida.
DiGiorgio
could not be reached for comment.
Selvaggio confirms he is talking with
DiGiorgio. “It looks promising, but nothing is written yet,” says Selvaggio, who
expects to reach a decision by the end of February.
Selvaggio opened the
200-seat Valentino in Santa Monica, Calif., 35 years ago, and the restaurant has
garnered a reputation as one of America’s best Italian fine-dining
establishments, with a wine list with more than 2,500 choices.