Thursday, June 28, 2012

HFF marketing for sale two Class A apartment communities in Bloomingdale, IL


CHICAGO, IL – HFF announced it has been named to market for sale Camden at Bloomingdale (top left photo)  and Stratford Place (middle right photo), two Class A garden-style apartment communities in Bloomingdale, Illinois. 

HFF is marketing the properties on behalf of the seller, LaSalle Investment Management.  The properties can be purchased as one investment or individually.

Camden at Bloomingdale is located at 348 Glenwood Drive near the intersection of West Schick Road and Gary Avenue. 

Stratford Place is located approximately one-half mile to the southeast of Camden at Bloomingdale at 232 Butterfield Drive. 

 Both completed in 1991, the properties are comprised of one-, two- and three-bedroom units averaging more than 900 square feet.

 The communities have both been partially upgraded and provide investors the opportunity to complete the renovation and thereby create further value. 

The properties also provide amenities such as clubhouses, fitness centers, business centers, outdoor swimming pools, tennis courts, sand volleyball courts, jogging trails and dog runs.

The HFF investment sales team representing the seller is led by executive managing director Matthew Lawton (middle left photo) and managing directors Marty O’Connell (lower right photo) and Sean Fogarty. 

“These properties represent the very best of both product and location in the suburbs.  This can be evidenced by the fact that occupancies at both properties are above 95 percent and rental rates continue to grow rapidly,” commented O’Connell. 

LaSalle Investment Management is a leading real estate investment manager with nearly 700 employees in 18 countries worldwide.  The firm manages $47 billion of private and public property equity investments as of March 31, 2012 and clients include public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe.

 For more information, please visit


MARTY O’CONNELL                                             
Managing Director                                             
(312) 528-3650                                                                                  

HFF Director, Marketing
(713) 852-3500

HFF closes $9.3 million sale of Wal-Mart-anchored neighborhood center in Tampa, FL

ORLANDO, FL – HFF announced it has closed the sale of Bloomingdale Hills, a 78,442-square-foot neighborhood retail center anchored by a new Wal-Mart Neighborhood Market in Riverview, Florida.

HFF represented the seller, Mimms Enterprises.  Thompson National Properties purchased the retail property for $9.3 million free and clear of debt.

Bloomingdale Hills is located at 10863 West Bloomingdale Avenue approximately 12 miles southeast of downtown Tampa in Riverview.  Renovated in 2012, the retail center is 100 percent leased and is anchored by a new 57,756-square-foot Wal-Mart Neighborhood Market.  Other tenants include Tampa Children’s Hospital Outpatient Facility, Happy’s Home Centers and Liberty Tax Service.

The HFF team representing the seller was led by senior managing director Brad Peterson (middle right photo)and senior financial analyst Michael Weinberg (lower left photo). 

According to Peterson, “There was an extremely strong response to this offering with nearly 20 offers received from a variety of investors including public and private REITs, pension fund advisors, foreign capital and leading private investors.  Investors responded favorably to the high-growth Tampa location and the credit lease-term and operating prowess of the Wal-Mart brand.”

 For more information on Mimms Enterprises, visit

For more information regarding Thompson National Properties, please visit


H. BRADLEY PETERSON                            
HFF Senior Managing Director                         
 (407) 286-5524                                                                                 

HFF Director, Marketing
(713) 852-3500

Martin Luther King, Jr. Multi-Service Ambulatory Care Center Tops Out Structural Steel in Los Angeles

Los Angeles, CALIF., (June 27, 2012) – McCarthy Building Companies, one of Southern California’s preeminent healthcare builders, recently topped out structural steel on the new $150 million Martin Luther King, Jr. Multi-Service Ambulatory Care Center in Los Angeles. 

 Over the last seven weeks, steel workers installed 1,500 pieces (1,000-tons) of structural steel to create the frame for the new facility. 

A topping out ceremony was held on June 20, 2012 to mark the project milestone. Los Angeles County Supervisor Mark Ridley-Thomas proudly addressed the audience of construction workers, hospital employees, government officials and Trade-Union business agents in attendance at the event. 

Other speakers included McCarthy President, California Region Randy Highland; Los Angeles County Department of Public Works Assistant Deputy Director David P Howard; Los Angeles/Orange Counties Building & Construction Trades Council Representative Ron Miller and McCarthy Project Director Michael Wiggins.

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

Laura Mickelson (LM Communications)                
Susan Garritano (McCarthy Building Companies, Inc.); (949) 453-0851  ; (314) 968-3300          

Lincoln Property Co. Brokers URS Corp.’s 16,500-SF Lease at Orlando Office Complex

ORLANDO, FL –Lincoln Property Company Southeast has brokered URS Corp.’s new five-year lease of 16,500 square feet of office/flex space at Discovery Lakes I (top left photo) in Orlando.

Jay Dixon (middle right photo), vice president, office, for Lincoln Property Company Southeast represented the landlord, Grosvenor, in the transaction, and Nick Poole (lower left photo) of CNL represented URS Corp.

Located next to the University of Central Florida, the 75,279-square-foot, Class-B Discovery Lakes is part of the Central Florida Research Park. It features lake views, a parking ratio of six spaces per 1,000 square feet and ceiling heights of 11 feet, 6 inches.

URS Corp is a great fit for this space at Discovery Lakes I,” Dixon said. “We are excited about the value the company brings to the building.”

For more information on the Southeast Region of Lincoln Property Company, please visit To check out the blog, go to


Stephen Ursery
Wilbert News Strategies

Berger Commercial Realty Represents Forman Industrial Land, LLC in Sale of 15-Acre Parcel in Davie, FL for More than $10 Million

 FORT LAUDERDALE, FL. (June 28, 2012) – Berger Commercial Realty founder and President Lloyd Berger (top right photo) and Senior Vice President Steve Hyatt (middle left photo) , along with Pat Montalbano of Montalbano Commercial Realty, represented Forman Industrial Land, LLC in the sale of 15.493 acres of land in Davie for $10,075,000 to CRP-GREP, an entity of Greystar. The deal closed June 26.

Greystar plans to build 376 luxury, garden-style apartments on the highly visible site, which is located off Davie Road and I-595. 

 "With the strong demographics of the Davie market and its excellent highway accessibility, this site fits perfectly with Greystar’s plan for upscale, garden style apartments in Broward County,” said Hyatt, who has been working with Greystar on other potential acquisitions in Florida.

Headquartered in Charleston, S.C., Greystar is a fully integrated multifamily company offering expertise in property management, development and investment throughout the United States. The company manages more than 190,000 units in more than 100 markets and has invested approximately $3 billion in multifamily investments since its inception in 1993.


Marielle Sologuren
Pierson Grant Public Relations
(954) 776-1999, ext. 226

Nordstrom To Open First Full-Line Store In NYC

 NEW YORK, NY June 28, 2012 /PRNewswire/ -- Nordstrom, Inc. has finalized an agreement with Extell Development Company to build Nordstrom's first full-line store in New York City.

This new flagship store will open along Manhattan's bustling 57th Street corridor at 225 West 57th Street, between Broadway and Seventh Avenue, in the Columbus Circle area of Manhattan. The 285,000 square-foot store is expected to open in 2018.

The announcement of the Extell/Nordstrom deal was announced at a news conference at Nordstrom's treasure&bond Soho location at 350 West Broadway keynoted by Mayor  Michael R. Bloomberg (middle right photo).

"It makes perfect sense that Nordstrom - one of the premier names in retailing - would want a flagship store in New York, the world's premier city for retailing," said Mayor Michael R. Bloomberg.

 "This is very exciting news for New Yorkers and the millions of tourists who come to our city to shop each year, and this new addition to the West Side of Manhattan is another sign of the private sector's confidence in New York City."

(Nordstrom Chicago store lower left photo)

For Nordstrom, the agreement with Extell marks its full-line store entrance into the New York City marketplace.

  Its 7-story department store will comprise the base of a distinctive mixed-use, retail, hotel and high-rise residential tower still in the planning stages by Extell. Nordstrom views the development as a great opportunity to serve customers within the highly accessible, heavily trafficked and growing West Side retail scene.

The 40,000 square foot block-through site, which fronts on the northern side of 57th Street between Broadway and Seventh Avenue and extends to 58th Street, once housed the original Hard Rock Cafe.  The parcel was assembled by Extell President Gary Barnett over a period of nearly a decade. According to Mr. Barnett, excavation work on the site could begin as early as the first quarter of next year.

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


Brooke White
(206) 303-3030,
 Nordstrom, Inc.

George Arzt (212) 608-0333,
George Arzt Communications, Inc.

Web Sites

Sperry Van Ness Florida Sells Distressed Clearwater, FL Apartment Complex

CLEARWATER, FL, June 28, 2012 -- Brookside Gardens, a 44 unit apartment complex in Clearwater sold for $975,000 equaling $22,159 per unit. Enon S. Winkler, (top right photo) CCIM ,Senior Investment Advisor, Jad Richa (middle left photo), Investment Advisor and Nicholas Ledvora (lower right photo) CCIM, Senior Investment Advisor of Sperry Van Ness Florida handled the transaction on behalf of the seller, a national bank. 

The offering represented a value-add opportunity in a strong infill location in Pinellas County, Florida’s most densely populated county.

“We received significant interest and multiple offers, despite its distressed state, which allowed us to maximize the asset’s value for the seller.”  Stated Winkler.  “We were able to secure a full price offer, with a short due diligence time frame and a fast closing.”  The buyer, a private investor, will immediately begin rehabbing the property in an effort for a quick stabilization.

 “We continue to see strong investor demand in B/C assets in the Tampa Bay MSA, due to continued rental growth and rising occupancy rates.” Said Richa “While cap rates continue to compress, this class of asset still represents a strong investment vehicle for private investors and their equity partners.” 

The Winter Park Office of Sperry Van Ness is one of the Southeast’s premier real estate services groups.

 With over $1.5 billion in recent sales transactions, the Winter Park office of SVN is modeled as a boutique real estate services firm headquartered in Orlando. SVN Winter Park Office leverages the SVN National Platform and services the entire Southeast Region with an ardent focus on the Central Florida Market.

 Our SVN office has extensive brokerage experience concentrating on representing sellers of multifamily, retail, office and mobile home communities. 

For more information, please contact::

 Enon Winkler
 (407) 434-0363

Nicholas E. Ledvora, CCIM
Senior Investment Advisor
Sperry Van Ness Florida Commercial Real Estate Advisors
703 Executive Drive | Winter Park, Florida 32789
Phone 407.434.0363 | Cell 407.460.5522 |