Monday, July 23, 2012

Colliers International Selected to Sell Charleston Plaza Property in Silicon Valley, CA

SAN FRANCISCO,  CA, July 23, 2012 /PRNewswire/ -- Colliers International has been retained as the exclusive marketing agent for Charleston Plaza, an approximate 132,590 square-foot community retail center in Mountain View, Calif.

 The trophy-class property is owned by Dollinger Properties. Colliers International's retail investment specialists Kevin Van Voorhis (lower right photo), Jay Gomez, and James Kaye, in San Francisco will market the property for sale. 
Located in California's affluent Silicon Valley, Dollinger Properties developed Charleston Plaza in 2006. Positioned in a supply constrained market with high barriers to entry, this was the first traditional community retail center to be built in the past 15 years within a 10-mile radius, which has resulted in high retail tenant demand. Charleston Plaza was 100 percent pre-leased prior to completion in 2006. 

For a complete copy of the company’s news release, please contact:
Sonia Roll,
Colliers International,

Berger Commercial Realty Brokers Close $1.45 Million Deal in Miami

 FORT LAUDERDALE, FL (July 23, 2012) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced brokers Judy Dolan and Steve Hyatt sold a $1.45 million note for Waterfall Victoria Mortgage Trust to SBC 2010-1 LLC.

 The mortgage was secured by 72 multifamily units in six buildings in the Little Havana neighborhood of Miami (top left photo).

 Additionally, Hyatt represented States Resource Corp. in the sale of a retail building, located at 2381-2387 NW 54th Street in Miami, to Ibrahim Investment Group for $160,000.


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

Marcus & Millichap Lists Two Retail Power Centers in Virginia


COLONIAL HEIGHTS, VA, July 23, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing to market Dimmock Square (middle right photo) and Southgate Square (top left photo), two shopping centers located adjacent to Southpark Mall, an 800,000-square foot enclosed regional mall in Colonial Heights, Va., a submarket within the Richmond, Va. metropolitan statistical area.

The centers are being offered together but offers on the individual assets will be considered. The price is open bid.

Michael Dillon (lower left photo), a vice president investments in Marcus & Millichap’s Chicago O’Hare office, and Michael Early, a vice president investments in the firm’s Southern Virginia office, are representing the seller.

 “It’s rare for investors to have the opportunity to acquire two core power centers located adjacent to a dominant regional mall in a major Mid-Atlantic market,” says Dillon. “The total offering consists of approximately 379,822 square feet of gross leasable area on 36.5 acres.”

Located at 725 Southpark Blvd. in Colonial Heights, the 106,166-square foot Dimmock Square center is anchored by Best Buy, Pier 1, Shoe Carnival, Old Navy and Target, which is not part of the offering.

Southgate Square is located at 44-184 Southgate Square in Colonial Heights. The 273,656-square foot center has 1,265 feet of frontage on Interstate 95 and 1,195 feet of frontage on Southpark Boulevard.


Stacey Corso
Public Relations Manager
(925) 953-1716

Lincoln Property Company Brokers Leases by Ben’s Marketplace and Golfsmith at Venture Pointe in Suburban Atlanta

ATLANTA, GA (July 23, 2012) – Lincoln Property Company Southeast has signed a 35,172-square-foot new lease by Ben’s Marketplace and a 25,129-square-foot lease renewal by Golfsmith at the Venture Pointe power center (top left photo) in Duluth, Ga.

 Earlier this year, Lincoln was appointed receiver of Venture Pointe, which totals 335,420 square feet of retail space, by The Situs Cos.

Lincoln also oversees the management and leasing of the property, which has seen occupancy rise to 75 percent and whose other anchor tenants include Kohl’s and Babies “R” Us. The property is shadow anchored by a SuperTarget and a Costco Wholesale.

 “These transactions are indicative of an improving retail climate we’ve observed in recent months,” said Tony Bartlett (lower right photo), senior vice president of Lincoln Property Company Southeast.

“We’ve seen a meaningful uptick in retailer interest in Venture Pointe and our other properties in the last 90 days as an improved national economy has stirred big-box users and news about metro Atlanta’s improving employment has kick-started activity. We’re excited about the chances to create further value at Venture Pointe for our client.”


Stephen Ursery
Wilbert News Strategies
Office: (404) 965-5026
Cell: (404) 405-2354

Hendricks & Partners Negotiates sale of Silver Terrace I and II Apartments in Pine Hills, FL for $2.478 million

ORLANDO, FL --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale Silver Terrace I and Silver Terrace II Apartments (top left photo), located on Rose Coral Drive in Orlando’s Pine Hills for $2.478 million.

Cole Whitaker (middle right photo), partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale with associate partner Hal Warren in Orlando and senior investment advisor Jason Stanton in the firm’s Tampa office.

Hendricks & Partners represented the seller, Blue Valley Apartments, Inc. The buyer was not disclosed.

Silver Terrace I Apartments brought a sale price of $1,571,500 and Silver Terrace II Apartments sold for $906,600. Combined, Silver Terrace Apartments total 164 units in 93,312 square feet. The one-story garden style apartments built in 1987 range from studio to two-bedroom/two-bath with an average rent of $505.

Hendricks & Partners Negotiates $1.548 million sale of Pineview Apartments in Pine Hills, FL

ORLANDO, Fla. --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the Pineview Apartments, on N. Pine Hills Rd in Orlando for $1.548 million.

Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale of the 91-unit apartment property with associate partner Hal Warren in Orlando and senior investment advisor Jason Stanton (lower right photo) in the firm’s Tampa office.

Hendricks & Partners represented the seller, Blue Valley Apartments, Inc. The buyer was not disclosed.

The 25-year-old Pineview apartment community with a total of 46,656 rentable square feet consists of studio, one and two bedroom units with a monthly rent that averages $481.

For more information on both transactions, please  contact:

Cole Whitaker, Southeast Partner, Hendricks & Partners, 407-218-8880,;
Hal Warren, Associate Partner, Hendricks & Partners, 407-218-8881,;
Jason T. Stanton CCIM, Senior Investment Advisor, Hendricks & Partners, 727-674-4097,
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Colliers International Ranked #21 Among IAOP's Top 100 Global Outsourcing Companies

SEATTLE, WA, July 23, 2012 /PRNewswire-USNewswire/ -- For the seventh year in a row, the International Association of Outsourcing Professionals named Colliers International among the world's best outsourcing service providers on a competitive list of global firms.

Colliers International is the only real estate firm to achieve this honor every year since the list's inception in 2006. IAOP specifically considered Colliers' Global Corporate Solutions service line, and noted that customer references were a key strength for the organization.

"It is an honor for our teams to be recognized by IAOP, especially as the only real estate firm ranking in the Top 100 every year," noted Douglas P. Frye (top right photo), global President and CEO of Colliers International. "We are passionate about delivering the best service experience--strong business outcomes from in-depth expertise and a memorable personal experience--and that's what distinguishes Colliers' services from others."

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

Atlanta Property Group Acquires 280 Interstate North

 ATLANTA, GA (July 23, 2012) – Atlanta Property Group, a locally based real estate investment firm, said today it has closed on its acquisition of 280 Interstate North (top left photo), an office building in the heart of Atlanta’s Cumberland/Galleria submarket.

The six-story building at 280 Interstate North Circle in Cobb County comprises 124,273 square feet and is adjacent to the Interstate North Office Park and just north of the intersection of I-285 and I-75.

APG’s newest asset, 280 Interstate North offers great access to interstates 285 and 75 and is proximate to Sandy Springs, Vinings and Buckhead. The building also features free parking at a ratio of 4.5 spaces per 1,000 square feet that is uncommon in the area and will enable 280 Interstate to compete for high-density users.

Over the next year, Atlanta Property Group will invest nearly $400,000 to renovate the building’s common areas and improve the property’s aesthetic appeal. APG will compete aggressively for tenants and has ample capital available for tenant improvements and leasing commissions.

Built in 1982, the building is 72 percent leased. A Cushman & Wakefield team led by David Meline (middle left photo) and Stewart Calhoun (lower right photo) represented the seller in the transaction.

Terms of the 280 Interstate North transaction were not disclosed, although APG did purchase the asset at a substantial discount to its most recent sale in 2007.

“280 Interstate North fits nicely into Atlanta Property Group’s portfolio of well-located, value-orientated properties that offer tenants quality office space at competitive prices,” said Jonathan Rodbell (middle right photo), a partner at Atlanta Property Group. “The asset also allows us to further diversify geographically and offer space in the desirable Cumberland/Galleria market.”

Court Thomas, also a partner in Atlanta Property Group, said the firm is seeking similar assets to add to its growing portfolio. “We’re well positioned to acquire additional similar middle-market properties at discounted prices.”

280 Interstate North is the latest acquisition by APG’s discretionary fund, which has acquired four properties totaling more than 700,000 square feet in the past two years. The other three are 1200 Ashwood in the Central Perimeter submarket, 2801 Buford Highway in the Druid Chase office park and The Park at Perimeter Center East.

APG has tapped Austin Chase and Kirven Brantley of Lavista Associates to market and lease 280 Interstate North. They can be reached at 770-448-6400.


Tony Wilbert                                           
Wilbert News Strategies
404-965-5022 (O)
404-405-3656 (C)

Charles Dunn Co. Completes $3.7 Million Sale of a Single-Tenant Retail Property Occupied by Marsh Supermarket in Cincinnati, OH

LOS ANGELES, CA, July 23, 2012 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $3,705,000 sale of a single-tenant retail property occupied by Marsh Supermarket located at 11865 Hamilton Ave. in Cincinnati, Ohio.

Michel Hibbert (lower right photo) of Charles Dunn Company represented the Los Angeles-based buyer, BH Marsh Investment LLC.

The seller was MCI Hamilton Ohio Grocery LLC and was represented by Bob Tuller and Tom Baginski of Cassidy Turley. The closing cap rate was 10.34 percent.

“There is a large amount of capital in California seeking real estate opportunities. Single-tenant retail properties outside of the state can present better annual returns yet offer the security of a tangible asset you can’t get from stock market investing,” said Hibbert.

Hibbert added: “We identified a well-located NNN-leased, single-tenant property with a well-performing tenant that is on a long-term lease. This acquisition provided the buyer with a favorable cap rate as well as no property management responsibilities.”

The free-standing property totals 32,117 square feet and is situated on nearly 9 acres of land.


Darcie Giacchetto
D.G. Communications, Inc.

Hayman Woods Apartment Properties LLC Acquires Multifamily Community in Suburban Fort Worth, TX

Dallas,TX, July 23, 2012 --  Hayman Woods, LLC ( announced today the acquisition of Bellagio at Beach Street (ltop left photo), a 398-unit multifamily community located in Haltom City, Texas by a subsidiary of Hayman Woods Apartment Properties, LLC.

Hayman Woods completed the acquisition utilizing $20.5 million of long- term fixed-rate Fannie Mae financing.
“Bellagio at Beach Street is a great acquisition for our investors.  We know the Fort Worth market well and believe this property will continue to improve as the area’s transportation infrastructure improves,” said Jonas Woods, CEO of Hayman Woods.
Bellagio at Beach Street was completed in 2001 and is comprised of 14 residential buildings and a central clubhouse on approximately 16 acres at 4200 Northern Cross Blvd., Haltom City, Texas  76137.

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

 Carey Marin
(214) 914-1157