Thursday, July 19, 2018

Graycor Chosen to Build Prologis I-17 Logistics Center – Phase I in Phoenix, AZ

  
Rendering of planned Prologis 1-17 Logistics Center, Phoenix, AZ

 PHOENIX, AZ – Logistics real estate leader Prologis, Inc. has selected Graycor Construction Company as the general contractor for its new Prologis I-17 Logistics Center – Phase I, a Class A flex industrial development that sits on 25 acres of prime infill space within Phoenix’s 7th Street corridor.

When complete, Phase I will total four buildings and 558,712 square feet, divisible from 25,000 to 211,000 square feet. The project is located at 2111 - 2145 S. 7th St. in Phoenix, at the highly visible southeast corner of 7th Street and Interstate 17, and with 1,100 feet of I-17 frontage. 

Rusty Martin
The site was previously occupied by Ameron, a major concrete cylinder pipe manufacturer.

“Prologis 1-17 Logistics Center will replace 20 outmoded buildings, which were demolished over the last three months, with modern Class A construction and an extremely rare industrial infill site that sits in the heart of the 7th Street corridor,” said Graycor Construction Company Project Executive Rusty Martin.

“It is a wonderfully unique project, and we appreciate the trust that Prologis has placed in Graycor to make the development a reality.”

“This development will offer state-of-the-art features to meet the needs of today’s logistics users – e-commerce, freight forwarding and Last TouchTM distributors – who need and value proximity to Phoenix’s prime central submarket,” said Prologis Investment Officer and Managing Director Fritz Wyler. 

“Prologis is pleased to work with the Graycor team again, having successfully completed a 475,000 square foot project with them that was leased to Amazon last year.”

Graycor will begin construction at Prologis 1-17 Logistics Center this month, with completion slated for first quarter 2019. When finished, Phase I will total four buildings ranging in size from 82,284 to 211,208 square feet.


Fritz Wyler
Each will offer 32-foot clear height, 52- x 50-foot column spacing, 135- to 210-foot truck courts and the flexibility to accommodate multiple mid-size users. 

The property is three minutes from downtown Phoenix and seven minutes from Sky Harbor International Airport.

As general contractor, Graycor represents 97 years of building experience and more than 1,500 construction experts across the U.S.

 Locally, the Graycor legacy extends over more than three decades, with a portfolio that includes landmark industrial projects such as Prologis Park Riverside, Liberty Logistics Center II, Buckeye Logistics Center, FedEx Chandler Sorting and Distribution Center, and Home Depot Distribution Center.


For more information, please contact:

Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

HFF announces $250 million financing for office and hotel mixed-use development in the San Francisco Bay Area

Rendering of planned Ameswell Mountain View mixed-use development, Mountain View, CA

 SAN FRANCISCO, CA –– HFF announces the $250 million capitalization for the development of Ameswell Mountain View, a fully entitled, mixed-use project comprising a 255-room upscale, independent hotel and a 216,700-square-foot Class A, LEED-Platinum office building in Mountain View, California.

Bruce Ganong
The HFF team worked on behalf of the developer, Broadreach Capital Partners, LLC, to arrange a joint venture equity partnership with Rockwood Capital, LLC.  Additionally, the HFF team worked on behalf of the parties to secure the $140 million construction financing with Wells Fargo Bank.

Ameswell is ideally positioned directly off Highway 101 and Moffett Boulevard in Mountain View and has access to Highways 85 and 237 and Interstate 280, which provide direct access to the entire Bay Area. 

The development is at the epicenter of Silicon Valley, surrounded by the largest technology companies in the world, venture capital and a highly educated workforce. 

Google, Amazon, Microsoft, Apple and Intuit are within a 2.5-mile radius of the project, and the Mountain View Baby Bullet Caltrain station is less than one mile from the property.

Michael Leggett
 The Ameswell Hotel will be one of Silicon Valley’s most prominently located, newly constructed independent lodging properties with modern luxury amenities and experiences. 

The hotel will feature creative, local design with a strong emphasis on art and technology; 6,258 square feet of premier meeting and event space; 

imaginative food and beverage offerings, which include a destination bar and restaurant and curated grab-and-go market; spacious guestrooms; abundant outdoor gathering spaces with a swimming pool, fire pits, bocce ball court and a large lawn; and sustainable operating practices. 

Ben Bullock
The steel-frame, five-story LEED-Platinum creative office building will have best-in-class construction featuring floor-to-ceiling glass lines that provide abundant natural light, 14-foot ceilings and 47,000-square-foot floorplates.  

Amenities include a 2.5-acre park, terraces and break-out areas to merge workspace and nature, dedicated bike and pedestrian trails and electric vehicle charging stations.  A six-tier parking structure will support the development.

The HFF equity and debt placement team consisted of senior managing directors Bruce Ganong and Michael Leggett, co-head of HFF’s West Coast team; senior director Ben Bullock; director Thomas Foley and analysts Austin White and Bercut Smith.

Thomas Foley
“Ameswell is one of the last fully entitled mixed-use development sites in Mountain View with prominent visibility from Highways 101 and 85,” Bullock said. 

 “With a submarket vacancy rate of less than five percent for Class A office in Mountain View, Ameswell is poised to capitalize on the abundant tenant demand for new product.”

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Bureau of Real Estate, License Number 01385740.

For more information, please contact:

KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420



D'milikah Swimwear x Bella Fashion Designs Creates Super Chic Miami Swim Week July 22



Emily Gonzaga


WHO: D'milikah Swimwear x Bella Fashion Designs
WHAT: Super Chic Miami Swim Week
WHEN: Sunday, July 22nd
4-8pm
WHERE: posh Pullman Hotel, 5800 Blue Lagoon Drive, Miami, FL


MIAMI, FL -- Brazilian-born fashion designer Emily Gonzaga Introducies "a fashion experience you don't want to miss out on."
She states,  "The best styles from local boutiques and designers in South Florida and nationally; just in time for summer. Reserve your tickets today!"
​More about D'milikah and Emily Gonzaga:
​Founded by Emily Gonzaga, Brazilian born designer raised in Sa​n​ Pa​o​lo, D’Milikah​ is a fashion brand offering an array of swimwear to make any woman feel and look her absolute best. 


 Her label is one of​ ​Brazil’s most recognizable contributions to swimwear​. ​ ​F​ew designers have attempted to integrate Brazilian influence​ and​ designs cater to “real women” with “real bodies.” 
D’Milikah brings awareness to the ​idea that women of every shape and form can embrace Brazilian beauty​.
 ​While magazines portray Brazilian women as having beach​ ​ready figures, the reality is​ ​that like women from all around the world, Brazilian women come in all sizes. ​ 



​"Therefore," Gonzaga states, "Brazilian swimwear does not have to be synonymous with so called “perfect” bodies. ​ ​Beauty comes in different shapes and sizes. ​
"D’Milikah​ designs​ ​are diverse and individual. Most importantly, they are​ ​stylish – whether you plan a great tan or hitting the waves​. ​
"Whether it is the perfect​ ​bikini​ ​or one​ ​piece swimsuit​, ​a woman searching for style, comfort​ ​and fit should never compromise. 
"As every woman knows, a good swimsuit is not only one that looks incredible on the rack, but one that can also sustain its shape and fit​ ​throughout many wears.
"Every piece of swimwear from D’Milikah is made from the highest quality Lycra that fits a women’s body to a ‘t’, in or out of the water. ​



 ​​
"The ​design’s no longer end with swimsuits and beachwear; check out our new accessories pages to find the perfect​ ​finishing touch to any outfit in the sand or out for a night on the town.
"D’Milikah designs, distribution and manufacturing process have been customized to achieve high quality standards; these continuous efforts are now recognized in the international arena.
 For more information, please contact:
CEO (ceo@do-tellpr.com)


Arbor Hires David Galst as Vice President Operations for California Office


David Gaist

UNIONDALE, NY (July 19, 2018) – Arbor Realty Trust, Inc.(NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare, and other diverse commercial real estate assets, is pleased to announce that David Galst has joined Arbor as Vice President, Originations.

Mr. Galst will be responsible for originating Fannie Mae, Freddie Mac, FHA, CMBS, Bridge, Mezzanine, and Preferred Equity loan transactions nationwide.

 He is based out of Arbor’s Century City, CA office and reports directly to Frank Lutz, Executive Vice President, Chief Production Officer.

With over 25 years of industry experience, Mr. Galst has extensive expertise delivering client-specific financing across all agency platforms.

Frank Lutz
 “We are pleased to have David join the Arbor team,” said Mr. Lutz. “David brings deep, industry-leading experience and we look forward to his contributions in helping Arbor expand our product offerings to our growing client base.”

Prior to joining the company, Mr. Galst spent the last eight years with Wells Fargo in its Business Banking Group. 

In his most recent role as Principle Real Estate Industry Specialist, he originated and underwrote commercial real estate investor loans for various property types, while managing a sizeable portfolio.

 Previously, he held several positions as Vice President with Preferred Bank, Union Bank of California, and Commercial Bank.

Mr. Galst holds a Bachelor of Business Administration in Finance from The George Washington University.


For more information, please contact:

 Bina Handa
Tel: 516.506.4229

Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
800.ARBOR.10

Wednesday, July 18, 2018

Marcus & Millichap Broker $5 Million Sale of 116-Room Hawthorn Suites by Wyndham in Jacksonville, FL


Gabriel Shamay


Jacksonville, Fla., July 18, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Hawthorn Suites by Wyndham, a 116-room hospitality property located in Jacksonville, according to Ryan Nee, vice president / regional manager of the firm’s Fort Lauderdale office.
          The asset sold for $5,000,000.
"The hotel is a former Homewood Suites by Hilton and is an all-suite hotel," says Gabriel Shamay, associate, in Marcus & Millichap’s Fort Lauderdale office.
"Due to its unique layout and its high-barriers-to-entry location, we were successful in generating 19 written offers from both local and out-of-area investors and eventually closing the hotel within two percent of our list-price.

David M. Greenberg
"The sale of this hotel is a testament to the desirability of the Jacksonville hotel market and the state of Florida as a whole."

Shamay, David M. Greenberg, senior managing director investments, Robert S. Hunter, first vice president investments, David J. Altman, senior associate, all located in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company, and represent the buyer, a private investor.

“Based on the layout of the property, we generated interest and offers from hotel, corporate housing, multifamily and senior living buyers, and ultimately this hotel was acquired by an experienced value-add hotel investor.  
"We expect that through a hands-on management program, the buyer will successfully execute a business plan, including renovating the hotel, that will make this a very profitable hotel investment,” says Greenberg.

David J. Altman
Hawthorn Suites by Wyndham is located at 8737 Baymeadows Road in Jacksonville, FL.  
The hotel is located just off Interstate 95 and minutes from many of the city’s major points of interest including Florida State College-Jacksonville and downtown Jacksonville.

For more information, please contact:

Stephanie Carten
Stephanie.Carten@marcusmillichap.com

Ryan Nee
Vice President / Regional Manager
Fort Lauderdale
  (954) 245-3400

SusieCakes and Lululemon Athletica Open First Long Beach Locations at LBX in Long Beach, CA





LONG BEACH, CA (July 18, 2018) — Long Beach Exchange, a new retail and lifestyle destination in East Long Beach comprised of top international, national and regional shopping and dining tenants, today announced two impressive additions to its center lineup.
Steve Thorp
According to the team at Burnham-Ward Properties — LBX’s developers and owners —  Lululemon Athletica andSusieCakes are set to join the destination’s dynamic roster of tenants.
“Our goal is to thoughtfully curate a unique and balanced mix of retailers, restaurants and entertainment at Long Beach Exchange,” says Steve Thorp, Executive Vice President and Partner at Burnham-Ward Properties.  “The addition of SusieCakes and Lululemon to LBX reflects the excitement for this destination among both tenants and the community.”
World-renowned, yoga-inspired athletic apparel retailer Lululemon Athletica will open this fall at Long Beach Exchange, offering its full line of clothing and accessories for men and women. The Lululemon store will provide a perfect complement to LBX’s boutique fitness offerings, including GRIT Cycle, Ra Yoga and Orangetheory Fitness.
SusieCakes, an all-American bakery offering classic desserts made entirely from scratch using only the highest quality, natural ingredients, is set to open its first-ever Long Beach location at LBX in November.

Susan Sarich
“We currently operate eighteen locations throughout California, and Long Beach was a natural next step for us,” says Susan Sarich, Founder and CEO of SusieCakes. “We are excited to join Long Beach Exchange and bring something new and unique to the area. The SusieCakes team looks forward to helping the Long Beach community celebrate special occasions and everyday moments, as well.”
According to Thorp, Long Beach Exchange will continue to open additional retail, dining and fitness locations throughout 2018.  “LBX is consistently committed to identifying and securing quality retailers that our community of shoppers desire.  We believe that these two new offerings will bring exciting new retail and food options to shoppers, and look forward to expanding the mix further through the end of this year.”
For more information on Long Beach Exchange, please visit longbeachexchange-lbx.com.

For more information, please contact:

Jordan Kruk
Kitchen Table Marketing + PR
714.928.5085

Meridian Capital Group Arranges $10.5 Million in Financing for Parkwood Plaza Shopping Center in Orlando, FL



Aryeh Meiteles

 Boca Raton, FL, July 18, 2018 – Meridian Capital Group, America’s most active dealmaker, arranged $10.5 million in financing to refinance Parkwood Plaza, a shopping center in Orlando, FL, on behalf of Highyon Assets Corporation.

The five-year loan, provided by a balance sheet lender, features a rate of 220 basis points over the 30-day LIBOR that the borrower swapped to a fixed rate of 5.34%.

The loan offers one five-year extension option and one year of interest-only payments followed by a 25-year amortization schedule.

Meridian Vice President, Aryeh Meiteles, and Managing Director, Noam Kaminetzky, who are both based in the company’s Boca Raton, FL, office, negotiated the financing.

Located at 3191 West Colonial Drive in Orlando, FL, Parkwood Plaza is a six-building, 148,000 square foot shopping center anchored by Korean supermarket chain Lotte Plaza Market.

Noam Kaminetzky
Other notable tenants include McDonalds, KFC, Taco Bell, and Valvoline.

Advantageously situated at the corner of West Colonial Drive and North John Young Parkway, the shopping center benefits from good visibility and traffic of more than 37,000 vehicles per day, and is located just two minutes from Orlando’s Central Business District.

“Though the property’s anchor tenant was still in their build-out phase, Meridian was able to work with the lender to structure the loan as if the shopping center was fully occupied, thus achieving full funding,” said Mr. Meiteles. “Meridian also structured an earn-out for future tenants leasing within the year.”

For more information, please contact:

 Jonathan M. Stern
Managing Director
Meridian Capital Group
1 Battery Park Plaza, 26th Floor
New York, NY 10004
jstern@meridiancapital.com
Direct: 212.612.0181
Fax: 212.201.5181
www.meridiancapital.com