Friday, September 30, 2016

HFF hires pair of industrial investment sales brokers as directors in its Chicago office

                                         
Jeff Bramson
CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has expanded its investment sales team with the hiring of Kurt Sarbaugh and Robin Stolberg as directors in its Chicago office. 

Mr. Sarbaugh and Mr. Stolberg will focus on industrial investment sales transactions in Chicago and the Midwest.  

The duo joins HFF from JLL, where they worked as a team for the last 12-plus years handling industrial asset sales and leasing for the firm’s Chicago North Suburban market.  Mr. Sarbaugh and Mr. Stolberg began their careers at The Staubach Company. 

Mr. Sarbaugh is an active member of the National Association of Industrial and Office Properties (NAIOP), a former board member of NAIOP’s Developing Leaders and a member of the Association of Industrial Real Estate Brokers (AIRE).  He holds a Bachelor of Science degree in Business Management from Purdue University.

Mr. Stolberg graduated from the University of Illinois with a Bachelor of Science degree in Economics and Finance with a focus in real estate.  He is an active member of NAIOP and is a board director for AIRE and the Children’s Brittle Bone Foundation.


Robin Stolberg
“Kurt and Robin are well respected and successful industrial professionals in the Chicago commercial real estate world and we could not be more pleased that they are joining the HFF team,” said Jeff Bramson, senior managing director and co-head of HFF’s Chicago office.

Their unique skill set and relationships developed from working on both the sales and leasing side of the business will elevate the level of service we can provide to our industrial clients.  Kurt and Robin have clients that range from users to developers and investors of industrial real estate in the Chicagoland region and beyond,”

 For a complete copy of the company’s news release, please contact:

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com



HFF hires David Otis as a director focused on investment sales in the Pacific Northwest

  
David Otis
PORTLAND, OR  -– Holliday Fenoglio Fowler, L.P. (HFF) announced David Otis has joined the firm as a director.  Mr. Otis will focus on investment sales in the Seattle market with a particular emphasis on office, land, retail and industrial properties. 
  
Mr. Otis joins HFF from Jones Lang LaSalle, where he served as a vice president for their capital markets team in Seattle.  Prior thereto, he was in the acquisitions and asset management division of Voit Real Estate Services in Newport Beach, California. 

He has also worked at Investcorp International, which is a global private equity firm.  Mr. Otis has a Master of Business Administration with a Finance and Real Estate concentration from UCLA Anderson School of Management and a Bachelor of Arts in Business Administration from Washington State University.

 Additionally, he is an active member of NAIOP (National Association of Industrial and Office Properties).

“We are excited to welcome David to our growing Pacific Northwest investment sales team and are confident that his experience in the region, coupled with his relationships within numerous property sectors, will translate into new relationships for HFF as a firm, as well as enhanced relationships for our already existing clients in the Pacific Northwest region,” said Nicholas Kucha, senior managing director and co-head of HFF’s Portland office.  


For a complete copy of the company’s news release, please contact:

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com





RAF Pacifica Group Announces First North Dan Diego, CA Ground-Up Creative Office Development in this Decade



Rendering of Planned Office Campus,
 North San Diego, CA
SAN DIEGO, CA (Sept. 30, 2016) – Moving at a rapid pace, RAF Pacifica Group has acquired 4.43 acres of land in Carlsbad, on which the firm plans to build the first true creative office campus in North San Diego County since 2008, according to Adam Robinson, Principal of RAF Pacifica Group.

RAF Pacifica Group acquired the 4.8 acre-land parcel for a total consideration of $4.8 million from Cruzan. 

The development site is located at the intersection of Palomar Airport Road and Innovation Way in Carlsbad, California.

Arik Starck of Cushman & Wakefield represented both the buyer and the seller.


Arik Starck
“This is the first ground-up creative office development in this decade,” says Robinson. “While we’ve seen many developers convert outdated facilities into creative office space formats, we are the first to build a completely new creative office campus in Carlsbad that will attract businesses seeking a true work/play lifestyle.

“Our new development, in•sti•gate, will be approximately 50,000 square feet, and will integrate unparalleled amenities, delivering an innovative creative office aesthetic and a user-friendly experience that will revolutionize the way people work in this market.”

Starck, Senior Managing Director of Cushman & Wakefield, adds, “Carlsbad companies largely consist of biotech, action sports, and technology. 

"These companies thrive on creativity and innovation and represent a new generation of office users. The atmosphere at in•sti•gate is a departure from the typical office building and will foster collaboration and novel ideas.”


According to Robinson, this state-of-the-art creative office development will feature a new level of architecture for the market, as well as rooftop decks, resort-style facilities, an on-site fitness center, indoor/outdoor meeting areas, onsite high end restaurants, loft style buildings with Clam shell glass walls, open exposed HVAC, outdoor BBQ areas, communal quad atmosphere and loft-style buildings with clam-shell glass walls for a coastal vibe.

For a complete copy of the company’s news release, please contact:

Katie Kea / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Kinzie Builders Retained as General Contractor for Verandah, A Master-Planned, Age-Restricted Community in Hanover Park, IL


Steven Spinell
CHICAGO, IL – Kinzie Builders, a division of Kinzie Real Estate Group, announced it has been retained as general contractor for Verandah, a $40 million master-planned community with assisted living and memory care components, in Hanover Park, Ill.

The age-restricted community is the first project of its kind awarded to Kinzie Builders and will break ground this fall.

Located on Irving Park Road, just east of Barrington Road, Verandah will include for-sale, two-story townhomes and single-level villas and condominiums available to all buyers aged 55 and over. 

All three home options at Verandah offer independent living units, while the condominium building will also include assisted living studios.

 “Multifamily housing has been a large part of Kinzie Builders’ portfolio, and we are looking forward to being a part of this master-planned, age-restricted community,” said Steve Spinell, principal of Kinzie Real Estate Group.

“With Verandah, we are very excited to be expanding our expertise to include communities designed specifically for older adults. The lifestyle this community offers is also something new for this area and we are thrilled to be a part of setting a new standard for age-restricted living in northern Illinois.”

 Verandah is expected to be completed in 2018, with presales for the townhomes and condominiums beginning next year.

For a complete copy of the company’s news release, please contact:

 Sara Williams, swilliams@taylorjohnson.com, (312) 267-4510
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527
                   

W Financial Brokers $17 Million mezzanine loan -- Financing at the Speed of New York for a time-of-the-essence acquisition



David Heiden
NEW YORK, NY -- W Financial, a Manhattan-based private bridge lender, has provided a $17,000,000 mezzanine loan collateralized by the borrower’s ownership interests in various cash-flowing multifamily properties located throughout Brooklyn and Long Island.

The borrower is a successful local real estate investor who was scheduled to close on a time-sensitive acquisition and required the funds in order to close on time.

W Financial was able to offer a creative solution to quickly free up some of the borrower’s equity providing the liquidity he needed to close on his time-of-the-essence acquisition. 

The borrower plans to repay the W Financial loan by either selling or refinancing a portion of his portfolio.

W Financial will also consider providing re-hab and construction loans for experienced developers, as well as mezzanine financing on well-located, cash-flowing properties. We will consider providing joint venture equity on cash-flowing properties on a case-by-case basis.

Call me to discuss or contact my partner David Heiden | david@w-financial.com (212) 684-8484, or contact our Senior Loan Officer Jarret Schochet | jarret@w-financial.com (212) 684-2205 to discuss your new bridge loan scenarios.

For a complete copy of the company’s news release, please contact:

 Gregg Winter - Founder & Managing Partner
W Financial Fund, LP
Special Situation Financing for Commercial Real Estate ®
149 Madison Avenue, Seventh floor
New York, NY 10016
Phone: 212 532-9170
Email: gregg@w-financial.com

http://www.w-financial.com 

Thursday, September 29, 2016

Hold-Thyssen Negotiates New Lease Agreement for Massage and Wellness Spa at Sienna Village Professional Center in Lutz, FL


Theresa Margaris
CLEARWATER, FL --- Hold-Thyssen, Inc., a real estate services firm in Clearwater with offices in Orlando, completed a new lease for 1,466 rentable square feet at Sienna Village, a professional center at 2435 Brunello Trace, in Lutz.    

Theresa Margaris, transaction specialist at Hold-Thyssen, brokered the transaction representing the tenant, locally owned Caribbean Mystique Massage & Wellness Spa.    The landlord is Sienna Village I, LLC

The established massage and wellness spa with a unique approach to renewal and relaxation, provides calm and tranquil surroundings where patrons are transported to a virtual island destination as they’re pampered and cared for.  Caribbean Mystique Massage & Wellness Spa is expanding from its current location in New Tampa.

Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

For a complete copy of the company’s news release, please contact:


Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com

Wednesday, September 28, 2016

Pollack Shores Details Plans for New Apartments at The Battery Atlanta in Atlanta, GA

   
 
Steven Shores
ATLANTA, GA (Sept. 28, 2016) – Pollack Shores has announced details for “Home at the Battery Atlanta,” the modern new apartments at The Battery Atlanta, the vibrant mixed-use community anchoring SunTrust Park.

The three unique properties will offer a mix of residential options to accommodate any lifestyle with fine dining, specialty shopping and the new home of the Atlanta Braves just steps away.

Located adjacent to the highly anticipated SunTrust Park and opening to residents March 2017, Home at The Battery Atlanta includes three residential communities: The Residences, The Flats and Parkside.

These pet-friendly communities will offer one- and two-bedroom floor plans, outfitted with modern fixtures, stainless steel appliances, open kitchens, quartz countertops, hardwood-style flooring and walk-in closets. 

Residents will have the option of three contemporary designer finish palettes. Each of the properties will have special game day events and top-notch resident affairs.

Parkside will feature 211 residences on the main street in the heart of The Battery Atlanta and directly adjacent to SunTrust Park it’s central plaza. 

The Battery Atlanta Rendering
Parkside will offer residents access to an exclusive clubhouse with unmatched views of the ballpark, a modern pool with sun shelf and lounge seating and a stately lounge and entertainment center featuring billiards and shuffleboard.

The Residences include 81 expansive, sophisticated apartments overlooking the terrace and streetscape in the epicenter of The Battery Atlanta. Residents can enjoy a rooftop bar and lounge with a TV gallery and wrap-around balcony with views of SunTrust Park.

The Flats include 239 residences located in the shopping district of The Battery Atlanta just steps away from upscale shopping and dining experiences. At The Flats, residents have access to a modern pool and clubhouse featuring an entertainment center with a viewing bar, billiards, a gourmet kitchen, a fireplace and a cyber café.

The Battery Atlanta Rendering
“Home at the Battery Atlanta will offer an energized living experience with top-of-the-line residences and unmatched shopping and entertainment right outside your door,” said Steven Shores, president and co-founder of Pollack Shores.

“We’ve created this unique opportunity to not only tailgate from your patio, but also enjoy other qualities residents look for like walking and biking trails and easy access to major highways. It’s a truly unique residential mix with something for everyone.”

The Battery Atlanta features an Omni Hotel, The Coca-Cola Roxy Theatre, a variety of chef-driven restaurants and more than 700,000 square feet of retail and office space.

The Battery Atlanta Rendering
Adjacent to Atlanta Braves' Suntrust Park
In addition, The Battery Atlanta will be home to One Ballpark Center, Comcast’s regional office headquarters housing its Innovation Lab. 

A pedestrian bridge will connect The Battery Atlanta to nearby Cobb Galleria and the property sits at the corner of Interstates 75 and 285, allowing for easy access to and from anywhere in Atlanta.

 For a complete copy of the company’s news release, please contact:
                   
Liana Moran
The Wilbert Group
404-748-1367 (O) 770-905-9915 (C)



New Lease at Lincoln-Managed Lakeside at Peachtree Corners Brings 5250 Triangle Parkway Building to 100 Percent Leased

  
 
Matt Davis
 ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has brokered one new office lease and one lease renewal at Lakeside at Peachtree Corners, an office complex located in Peachtree Corners, Georgia. Matt Davis of Lincoln represented the landlord, The Ardent Companies, in the transactions.

Ansco & Associates signed a new, five-year lease for 30,903 square feet, and Kevin Creel of CRESA represented the tenant. The lease brings the building, located at 5250 Triangle Parkway, to 100 percent leased, and comes on the heels of Stericycle’s new 19,166-square-foot lease, which was announced in June.

In addition to the new lease, Lincoln also secured a 35,607-square-foot lease renewal for Comverge in the 5390 Triangle Parkway building.

“Thanks to its prime location and easy access to major interstates, Lakeside at Peachtree Corners keeps bringing in quality tenants,” Davis said. “With two of the three buildings fully leased and the other building offering top-notch amenities, we believe momentum will continue across the complex.”

Lakeside at Peachtree Corners is a three-building, 181,407-square-foot Class B office complex located in the Peachtree Corners submarket in northeast Atlanta. In total, the property is now 88 percent leased. The office complex is located within walking distance of The Forum shopping center, and features easy access to an impressive and expanding amenity base.

For more information on the Southeast Region of Lincoln Property Company, please visit www.lpcsoutheast.com

 To check out the blog, go to www.lpcsoutheast.com/blog.
 
For a complete copy of the company’s news release, please contact:
                   
Savannah Durban
The Wilbert Group
404-343-0870

HFF secures financing for 370-unit multi-housing community in Cypress, TX


Cortney Cole
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for Coles Crossing, a 370-unit, Class A, garden-style multi-housing community in the northwest Houston suburb of Cypress, Texas.

Working exclusively on behalf of the borrower, Venterra Realty (Venterra), HFF placed fixed-rate acquisition financing through a life company correspondent lender. 

 The loan is for a term of seven years and provides for two, one-year extensions at Venterra’s election. 

The interest rate is 3.21 percent for the initial seven-year term and includes three years of interest-only payments followed by a 30-year amortization. 

 The loan is subject to an initial period of yield maintenance followed by a fixed, declining prepayment schedule.

Coles Crossing is situated on 34.5 acres at 12500 Barker Cypress Road just north of Highway 290 in Cypress.  The property is approximately 26 miles northwest of Houston’s central business district and features one-, two- and three-bedroom floor plans ranging from 678 to 1,376 square feet. 

Community amenities include a swimming pool, playground, fitness center, clubhouse, detached garages and gated access.  The property is 94 percent occupied.

The HFF debt placement team representing Venterra was led by managing director Cortney Cole.

For a complete copy of the company’s news release, please contact:
                   
Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com



HFF arranges refinancing for Jefferson Plaza in Arlington, VA


Jefferson Plaza, 1401 South Clark Street, Crystal City Submarket,
 Arlington, VA

Cary Abod
WASHINGTON, DC, Sept. 28, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged refinancing for Jefferson Plaza, a 270,286-square-foot office building located at 1401 S. Clark Street in the Crystal City submarket of Arlington, Virginia.

HFF worked on behalf of an affiliate of Lowe Enterprises Investors to place the floating-rate loan with Square Mile Capital.  Loan proceeds will be used to retire existing financing that HFF secured in 2013, and provide good news funding for lease-up. 

With common areas renovated in 2013 and 2016, Jefferson Plaza is an institutional-quality office building in Crystal City offering tenants a full amenity package including a fitness center, conference center and on-site café.

 Located in the heart of Crystal City, Jefferson Plaza has direct access to the D.C. Metrorail system and is less than a half-mile from Ronald Reagan National Airport, two miles from the Pentagon and less than three miles from downtown Washington, D.C. 

The HFF debt placement team representing the borrower was led by managing director Cary Abod and associate director Robert Carey.

As the Crystal City submarket continues to recover from BRAC and sequestration, Jefferson Plaza is positioned to benefit from increased leasing velocity,” said Abod.  “Jefferson Plaza offers tenants first-class build-outs and best-in-class amenities at competitive rates.”

For a complete copy of the company’s news release, please contact:
                   
Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com