Tuesday, February 14, 2012
National Retail Properties, Inc. Announces Offering of Series D Cumulative Redeemable Preferred Depositary Shares
ORLANDO, FL, Feb. 14, 2012 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has commenced an underwritten public offering of depositary shares, each representing a 1/100th interest in a share of its newly designated Series D Cumulative Redeemable Preferred Stock.
As part of the offering, the Company also expects to grant the underwriters a 30-day option to purchase an additional 15 percent of the depositary shares initially offered.
The Company intends to apply to list the depositary shares on the New York Stock Exchange under the symbol "NNNPRD". If its application is approved, the Company expects trading of the depositary shares on the New York Stock Exchange to commence within the 30-day period after the initial delivery of the depositary shares.
For a complete copy of the company’s news release, please contact
ROCKY HILL, CT– Joseph C. French, Jr. (middle right photo) of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of 30 Waterchase Drive (top left photo), a 109,000-square foot, 83-percent occupied office and retail center located in Rocky Hill.
The sales price was $10,137,500 and the cap rate was 8.82 percent. Formerly anchored by an Ames department store, the property is now anchored by Porter and Chester Institute, a leading technical school with nine campuses throughout Connecticut and Massachusetts.
French, a senior director of Marcus & Millichap’s National Retail Group (NRG) in White Plains, represented the seller, a private investor based in Florida. The buyer was a private firm located in Trumbull, Conn.
Constructed in 1988, the 8.8-acre property at 30 Waterchase Drive served as the flagship for Ames department store until it closed in 2002.
“The seller acquired this property in 2005 with the 56,850-square foot anchor vacancy to fill. He was very creative in leasing up this asset with a non-traditional use,” says French.
“The center was further challenged by its lack of visibility from the busy Silas Deane Highway/Route 99 commercial corridor, which limited the number of traditional anchor retail tenants interested in the property.
“Ultimately, the seller was successful in marketing and leasing the vacant space because of its strategic location just off Interstate 91, a major New England thoroughfare, to the trade school Porter and Chester Institute.”
In addition to the 56,850 square feet of space occupied by Porter and Chester Institute, Namco, a dealer of swimming pools, patio furniture, and game rooms leases 18,350 square feet in the center and DaVita Dialysis occupies approximately 15,000 square feet. Currently, 18,810 square feet of office space is available.
“This property fits nicely into the local buyer’s portfolio of real estate holdings,” says French. “He expects to capitalize on the upside through lease-up of the vacant office space.”
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
Integrity Home Loan of Central Florida promotes Craig Cimring to Branch Manager of Downtown Orlando facility
ORLANDO, FL – Integrity Home Loan of Central Florida, Inc., which provides residential mortgage financing through seven branch offices throughout Central Florida, has promoted Craig Cimring (top right photo) to branch manager of the firm’s new Downtown Orlando location on E. Pine Street.
Matthew Malloy, president, said Cimring joined Integrity Home Loan three years ago as an experienced loan officer. Cimring is a graduate of Florida State University.
Malloy said Integrity Home Loan plans to open new offices on SR 434 in Longwood and E. Colonial Drive in East Orlando within the next 90 days.
For more information about this press release, contact:
Debra K. Maxwell, Marketing Manager/Client Relations, Integrity Home Loan of Central Florida, 407-688-8268, firstname.lastname@example.org;
Jason Scott, Marketing Manager, Integrity Home Loan, 407-688-6618 email@example.com;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com.
Stirling Sotheby’s International Realty Named Exclusive Brokers for $1.95 Million Luxury Golf Course Home at Alaqua Country Club in Longwood, FL
ORLANDO, FL --- Stirling Sotheby’s International Realty has been named exclusive sales and marketing agents for a luxury golf course home at Alaqua Country Club (top left photo), one of Seminole County’s most exclusive, gated and guarded communities on Markham Woods Road in Longwood.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said Jere Matheny (lower right photo), International Luxury Home Specialist with the firm’s Heathrow Real Estate Gallery is listing agent for the luxury home, which is priced at $1.95 million.
The nearly 11,000 square foot luxury home, situated on a landscaped two-acre golf course home site, features five bedrooms and seven baths with a grand portico and foyer, rotunda dome ceiling, marble floors and columns, a private library, home theater, game room and fireplace.
The property also includes a corner lot with park-like grounds, large circular drive and four-car oversized courtyard garage.
For media information, contact:
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890; rsoderstrom@stirlingSIR.com;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com.
PHI Group will also assist HP.ITA to raise additional capital through international institutional and individual investors for its various real estate projects in Vietnam.
To date, HP.ITA has invested VND 1.866 Billion (approximately US$ 89.7 Million) in various real estate development projects in Vietnam, including three residential towers with 17, 38 and 40 stories and a commercial center in Ha Noi, Vietnam.
Phanet Holding has also successfully arranged $50 million and is ready invest this amount towards the additional $200 million budget required to complete these projects.
As part of the compensation for the services rendered to Phanet, PHI Group and PHI Asia Holdings will retain approximately 5% equity ownership in the combined public company.
Tai Vo (top right photo), Chief Executive Officer of PHI Asia Holdings, commented: "We are delighted to help Phanet's subsidiary HP.ITA create a public platform to access international capital sources not only to complete these current development projects but also position the company for future expansion."
Richard Phan, Chairman and CEO of Phanet Holding Corp., concurred: " We look forward to turning HP.ITA into a U.S. public company to create additional value for our shareholders and make it easier for investors to participate in our growth."
Tel: +84 8 3844 6181
Web Site: http://www.phiglobal.com
BOSTON, MA and PARK CITY, UT, Feb. 14, 2012—Officials of Gemstone Hotels & Resorts, a full-service hotel management company that specializes in luxury and upscale urban hotels and resorts, today announced the company has assumed management of the storied Copley Square Hotel (above centered photo) in Boston.
Originally built in 1912, the boutique urban hotel recently completed a nearly $20 million renovation that completely restored and updated the iconic property.
“The Copley has been a fixture on Copley Square for a century,” said Thomas Prins (top right photo), Gemstone principal.
“The addition of Gemstone’s expertise in operating unique, upscale urban hotels, combined with the physical enhancements, will make a significant difference going forward and allow us to create exceptional experiences for our guests.”
The 143-room hotel is an historic landmark, but is new throughout. Recently completed renovations include infrastructure improvements, such as new elevators and HVAC, a total makeover of the guest rooms, food and beverage facilities and all of the public spaces. Yet, the historic property still retains the iconic boutique hotel’s special character.
“The Copley is the third property added to our portfolio in the past five months and is emblematic of the type of property we seek to manage or acquire,” said Jeff McIntyre (middle left photo), Gemstone principal.
“The hotel has a number of natural advantages we intend to more fully leverage, including its convenience to entertainment and sports venues, meeting and convention facilities, retail and other outlets.
“ We also bring a passion for food and beverage opportunities, which we will be infusing into the existing outlets. Repositioning and re-inventing hotels by adding value and memorable experiences for guests and higher returns for owners is what we have demonstrated that we do best.”
The luxury hotel offers a number of value-added complimentary amenities and services, including Wine Down Hour, a nightly wine-tasting in the lobby lounge; morning coffee and seasonal afternoon beverage service in the lobby; twice-daily housekeeping service, and “Intuition Specialists” who are trained to anticipate and fulfill individual guest needs.
The Copley offers three dining/food and beverage options: XHALE, a unique and fun dining experience featuring local flavors and character; Minibar, an upscale martini bar offering inspired appetizers; and Storyville, a gathering place that traces its roots back to the legendary jazz club opened in the hotel in 1948.
The hotel has hosted some of the world’s most noted names and personalities: President William McKinley, Babe Ruth (lower left photo) Ted Williams, Billie Holiday, Ella Fitzgerald and Duke Ellington, to name a few.
Additional information about the hotel may be found at www.copleysquarehotel.com.
Headquartered in Park City, Utah, with offices in Stamford, Connecticut, Gemstone is a full-service management company that specializes in luxury and upscale hotels and complex resorts. For more information about Gemstone, go to www.gemstoneresorts.com.
Chris Daly or Lauralee Dobbins/media
Daly Gray, Inc.