Friday, November 21, 2008

Best of Northern Virginia NAIOP Awards Winners



TYSONS CORNER, VA-- “NAIOPOLY: Get in the Game!” was the theme of the 22nd Annual Best of Northern Virginia NAIOP Awards held Thursday evening, November 20, 2008 at the Ritz-Carlton Tysons Corner.

Over six hundred people were in attendance as thirty-three awards were presented in the following categories: Transactions, Interiors, Buildings and Membership.

The black tie dinner was an opportunity to celebrate significant new contributions to Northern Virginia by the commercial and industrial real estate community.

Awards were given in the following categories:

Transactions:

Best Real Estate Transaction - Building: Award of Merit for 2980 Fairview Park (top right photo) submitted by Cushman & Wakefield. Team members included ING Clarion Partners.

Best Real Estate Transaction - Building: Award of Excellence for Waterview Office Building submitted by Cassidy & Pinkard Colliers. Team members included The JBG Companies; CIM Group; Brookfield Properties; and Paramount Group.

Best Real Estate Transaction - Lease: Award of Merit for Social Security Administration at Skyline Tower submitted by Vornado/Charles E. Smith. Team members included Studley.

Best Real Estate Transaction - Lease: Award of Excellence for GSA/Department of Defense at the Zachary Taylor Building (middle left photo) submitted by Cassidy & Pinkard Colliers. Team members included Beacon Capital Partners.

Interiors:

Best Environmentally Responsible - Green Construction Tenant Interior Fit Out: Award of Merit for TASC V submitted by TRINITY Group Construction, Inc. Team members included Duke Realty Corporation and, Davis, Carter, Scott Ltd.

Best Environmentally Responsible - Green Construction Tenant Interior Fit Out: Award of Excellence for KGD Office Headquarters submitted by Kishimoto.Gordon.Dalaya PC. Team members included Cushman & Wakefield and The Dietze Construction Group.

Best Interiors, Building Common Area: Award of Excellence for Plaza East Lobby submitted by HOK. Team members included Tishman Speyer Properties and, James G. Davis Construction Corporation.

Best Interiors, Tenant Space 0-14,999 SF: Award of Merit for Winkler Family Trust submitted by Kishimoto.Gordon.Dalaya PC. Team members included The Winkler Family Trust and, TRINITY Group Construction, Inc. Best Interiors, Tenant Space 0-14,999 SF: Award of Excellence for Greenspun, Davis & Leary, PC submitted by rand* construction corporation. Team members included Trammell Crow and SKB Architecture.


Buildings:

Best Building, Environmentally Responsible - Green Construction Base Building: Award of Merit for Burke Centre Library (bottom right photo) submitted by E.E. Reed Construction, L.P. Team members included Fairfax County DPWES and Grimm + Parker Architects. Best Building, Environmentally Responsible - Green Construction Base Building: Award of Excellence for Childcare Center II submitted by Orr Partners LLC. Team members included Morgan Gick McBeath & Associates and, The Dietze Construction Group.

Best Building, Environmentally Responsible - Green Construction Base Building: Award of Excellence for FBI Northern Virginia Resident Agency submitted by The Peterson Companies. Team members included The Staubach Company; Jones Lang LaSalle; Wisnewski Blair Associates, Ltd.; and, HITT Contracting Inc.

Best Speculative Building R&D/Flex: Award of Excellence for Sterling Park Business Center II submitted by First Potomac Realty Trust. Team members included DVA Architects, LLC and, Hubert Construction. Best Speculative Building Industrial Warehouse: Award of Merit for ProLogis Park Gateway Phase II – Buildings 4 and 5 submitted by ProLogis. Team members included CB Richard Ellis; Cushman & Wakefield; Randall-Paulson Architects; and The Conlan Company.


For a complete copy of the winners' list, please contact Martha Marks, 703-845-7080 or

Julia Chappell, 202 721 5341 or 202 721 5200,
julia_chappell@gensler.com

HFF closes sale of Baton Rouge, LA retail center

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of Siegen Plaza, (top left photo) a 156,228-square-foot retail center in Baton Rouge, Louisiana.

HFF senior managing directors Jim Batjer (top right photo) and Doug Hazelbaker (middle left photo) and managing director Ryan Shore (bottom right photo) led the investment sales team on behalf of the seller, Weingarten Realty Investors.

Inland Real Estate Acquisitions, Inc., which is a part of The Inland Real Estate Group of Companies, Inc., purchased the property for an undisclosed amount.

Completed in 2001, Siegen Plaza is currently 98% leased to tenants including Ross Dress for Less, Conn’s Appliance, Petco, Rack Room Shoes, Olive Garden and Chick-fil-A.

The property, which is shadow-anchored by SuperTarget, is situated on 22.4 acres along Interstate 10 at Siegen Lane in Baton Rouge.

“Siegen Plaza benefits from excellent demographics within a prominent trade corridor predicted to draw four to ten million customers a year,” said Hazelbaker.

Weingarten’s business activities encompass the long-term ownership, management, acquisition, development and redevelopment of strategically located neighborhood and community shopping centers and select industrial properties. Properties are predominantly located in the highest growth regions of the country - the south and west.

Headquartered in Oak Brook, Illinois, The Inland Real Estate Group of Companies, Inc. is a diverse group of real estate companies, including public real estate investment trusts (REITs), both exchange listed and non-listed.

Inland-sponsored companies own and manage in total over 100 million square feet of commercial real estate located in 45 states in the U.S. and Canada, as well as managed assets in excess of $21 billion.

The Inland Real Estate Group of Companies, Inc. is comprised of a group of separate legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by subsidiaries of Inland Real Estate Investment Corporation.

For additional information, please refer to the company website at http://www.inlandgroup.com/.

CONTACTS:
Jim C. Batjer, HFF Senior Managing Director, 214 265 0880, jbajer@hfflp.com
Doug Hazelbaker, HFF Senior Managing Director, 214 265 0880, dhazelbaker@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

HFF arranges $2.5M refinancing for Louisville, KY office building

INDIANAPOLIS, IN – The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $2.5 million refinancing for Hanover Place (bottom left photo) , a 35,424-square-foot office building in Louisville, Kentucky.

Working exclusively on behalf of Hanover Place, LLC, HFF managing director Jon Everson (top right photo) placed the 20-year, fixed-rate loan with a life insurance company.

The borrower is a local developer that brought a strong track record to the table. HFF will also service the loan.

Hanover Place is located at 4500 Bowling Boulevard in the desirable St. Matthews submarket, approximately seven miles west of Louisville’s central business district. Completed in 1997, the property is fully leased.

“Capital markets conditions continued to deteriorate throughout the process (lender was ‘out of market’ after going under application), however, the lender closed and delivered the terms applied for,” said Everson.

CONTACTS:
Jonathan P. Everson, HFF Managing Director, 317 630 3191, jeverson@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

HFF lists student housing complex near University of Northern Iowa

INDIANAPOLIS, IN – The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) has been named the listing broker for Hillcrest Park Apartments, (top right photo) a student housing complex within walking distance of The University of Northern Iowa campus in Cedar Falls, Iowa.

HFF director Brian Kelly (bottom left photo) will lead the investment sales team on behalf of the seller, a regional student housing developer.
The property is offered for $18.95 million free and clear of existing debt.

Completed in 2002, Hillcrest Park Apartments has 132 four-bedroom/two-bath units with 1,096 square feet. The fully leased property features a basketball court, volleyball court, tanning bed, business center and free DVD library as well as free shuttle service to the University and local nightlife. Hillcrest Park Apartments is located at 9614 University Avenue, a half mile west of campus in Cedar Falls.

“Hillcrest Park Apartments was the first property over 50 units to reach 100% occupancy for the Fall 2008 lease-up and has reached full occupancy for each of the last five leasing seasons,” said Kelly.
“There is tremendous opportunity for income growth as rents are substantially below market and there is undeveloped land included in the sales price that can accommodate up to 144 additional bedrooms.”

CONTACTS:
Brian J. Kelly, HFF Director, 317 630 3191, bkelly@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com