Tuesday, September 11, 2012

Cushman & Wakefield to Join Lincoln Property Co. Southeast in Leasing 55 Allen Plaza

 ATLANTA, GA – The Atlanta office of Cushman & Wakefield will join Lincoln Property Co. Southeast in co-marketing and leasing 55 Allen Plaza (top left photo), a 350,000-square-foot, Class-A office tower in downtown Atlanta.

Cushman & Wakefield is a longtime tenant of the building, which Lincoln Property Company Southeast has managed and leased since purchasing it on behalf of a pension fund client in 2011.

“We are very excited about this partnership,” said Tony Bartlett (lower right photo) senior vice president of Lincoln Property Co. Southeast.

“As a longtime tenant of 55 Allen Plaza, the Cushman team has first-hand knowledge of all that this outstanding building has to offer, and they will join with us to continue to attract first-class tenants and create even more value for the asset.”

Andy Sumlin, a Cushman & Wakefield agent who will join Lincoln Property Co. Southeast’s Leigh Braswell and Sabrina Altenbach on the 55 Allen Plaza leasing team, oversaw the leasing of the building several years ago while at Barry Real Estate Cos. “This is like a homecoming for me,” Sumlin said.

Prominent tenants in the building, which was opened in 2007, also include Ernst & Young, Skanska and the design firm ASD.

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

Stephen Ursery
Wilbert Public Relations
Office: (404) 965-5026
Cell: (404) 405-2354

Voit Real Estate Services Helps Cheesecake Factory Acquire New Property to House Design Division in Irvine, CA

 Orange County, CA– Trent Walker of Voit Real Estate Services’ Irvine office has successfully directed the acquisition of a 29,074 square-foot office property (top left photo) in Irvine, Calif. on behalf of The Cheesecake Factory. 

The Cheesecake Factory plans to fully occupy the building to accommodate its design division, which produces all the interior design planning and refurbishing for its restaurants worldwide, according to Walker, a Senior Vice President in Voit’s Irvine office.

Walker represented The Cheesecake Factory as the buyer in the $4.7 million acquisition. 

 “The Cheesecake Factory has been leasing a property located in Park Red Hill in Irvine for the past ten years.  As the company continues to open new locations and refurbish existing restaurants, our client needed an updated space in a central location to accommodate its design operations,” said Walker.

Walker noted that office space of this size and quality is becoming increasingly scarce in Irvine.

“We advised our client to take advantage of current market prices in order to secure this high-quality property, which suits the needs of the company’s employees,” he added.

The seller, Richard C. and Betty Jane Farrell, was represented by Richard Pincott of CBRE.

This building is located at 19 Corporate Park in Irvine, Calif.


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

Newmark Grubb Knight Frank Leases 179,307 SF at BNY Mellon Center in Philadelphia

Philadelphia, PA— Newmark Grubb Knight Frank announced that it has facilitated a lease renewal of 179,307 square feet to Ballard Spahr LLP, a national law firm, at BNY Mellon Center (top left photo) in Philadelphia for a term in excess of 15 years.

Wayne Fisher, executive managing director and Craig Scheuerle, senior managing director, represented the landlord, CommonWealth REIT, and CBRE represented the tenant in this transaction. The property is managed by Reit Management & Research LLC, Real Estate Services.

Built in 1990, BNY Mellon Center is a skyline-defining trophy office building in Center City Philadelphia. Crowned with a distinctive pyramid, the building is one of the most recognizable in the region. Firms such as BNY Mellon, FMC Corporation and Sunoco are headquartered at the property, which has maintained occupancy rates over 90 percent since its construction.

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

Monica Sparreo

Perkins Garden Apartments in St. Petersburg, FL Sells for $405,000

  ST. PETERSBURG, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Perkins Garden Apartments, a 24-unit apartment community located in St. Petersburg, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $405,000.

Michael P. Regan (top right photo) and Francesco P. Carriera (lower left photo), vice president investments and Nicholas Meoli, investment specialist in the firm’s Tampa office;  Evan P. Kristol, a senior vice president investments in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Meoli also represented the buyer, a private investor based out of Tampa.

Built in 1957 on a .87-acre parcel of land in the heart of St. Petersburg, Perkins Garden Apartments features three, one and two-story buildings with spacious one and two-bedroom/one bathroom-units.  Water, sewer and trash are included in the rent.

Press Contact:

 Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700

Winston James Development Negotiates New Lease Agreement at Beville Road Business Center in South Daytona, FL

South Daytona Beach, FL. --- Winston James Development recently negotiated a new long-term lease agreement for 1,050 square feet of industrial space at Beville Road Business Center on Beville Road in South Daytona Beach.

 Winston Schwartz (top right photo), president of Winston James Development, said Mary Maids, a national franchise home and office cleaning service, leased 1,050 square feet at Beville Road Business Center.

 Winston James Development is the developer of the Beville Road Business Center (lower left photo).

 New Daytona area residents John and Emily Miller own the Mary Maids franchise. Schwartz said the couple moved to the Daytona Beach area in order to establish their new business.

For more information, contact:  

Winston Schwartz, President, Winston-James Development, Inc. 933 Beville Rd., South Daytona, Fla. 32119; 386-760-2555;  
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com   

HFF closes $118.5 million sale of Treat Towers in Walnut Creek, CA

SAN FRANCISCO, CA – HFF announced today that it has closed the sale of Treat Towers (top left photo), twin Class A+ office buildings totaling 378,749 square feet in Walnut Creek, California.

HFF marketed the properties on behalf of the seller, a joint venture between Equity Office Properties and Blackstone.  A national life insurance company purchased the property for $118.5 million.

Completed in 1999, the LEED Gold certified office buildings are 10 stories tall and are attached to a six-level parking structure.  The property is 85 percent leased to tenants such as Paradigm Management Services, HQ Global Workplaces, Environmental Resources Management and Littler Mendelson. 

The buildings are located at 1255 and 1277 Treat Boulevard in the City of Walnut Creek, within one block of the Bay Area Rapid Transit (BART) rail system and with direct frontage along Interstate 680.

The HFF investment sales team representing the seller was led by executive managing director John Pelusi (lower right photo), senior managing directors Michael Leggett and Gerry Rohm, and managing director Steven Golubchik.

“Treat Towers is an irreplaceable asset of the highest quality in the East Bay, providing above standard construction and building amenities in one of the nation’s premier core office markets,” said Golubchik.  "The property offers its tenants a landmark location, providing ease of accessibility to the entire San Francisco Bay Area.”

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

HFF Associate Director, Marketing
(713) 852-3500


Angelo Stambules Joins Hunter Realty as Senior Vice President Capital Markets to Lead Program of Sourcing Debt and Equity for Hotel Real Estate

  WASHINGTON, D.C. and ATLANTA, GA -- Hunter Realty today announced that it has significantly enhanced its capital markets function with the hiring of hotel finance veteran Angelo Stambules (top right photo) as senior vice president, capital markets.

“We have always prided ourselves on providing our clients with exceptional service,” said Teague Hunter (lower left photo), President.  "So, when our clients requested we expand our scope of services to assist them with sourcing capital, we felt it was incumbent upon us to meet their needs.”

As senior vice president - capital markets, Stambules will oversee the company’s programs for sourcing and placing hotel real estate debt and equity. He will be located in the company’s Washington, D.C. office and will serve Hunter Realty’s clients nationwide. 

Stambules will focus primarily on capital requirements in excess of $5 million.  “Our services will be especially beneficial for hotel companies that don’t have the in-house resources, but want the high-touch relationship that an internal person brings.”

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

Patrick Daly or Jerry Daly (media)
(703) 435-6293
Patrick Daly
Account Supervisor
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289

Wyndham Hotel Group Opens 100th Hotel in Latin America

PARSIPPANY, N.J. – Wyndham Hotel Group, a member of the Wyndham Worldwide (NYSE: WYN) family and the world’s largest hotel company with over 7,170 hotels around the globe, announced the opening of  the Ramada Encore hotel (top left photo) in Guadalajara, Mexico, its 100th property in Latin America.

For a complete copy of the company’s news release, please contact:
Christine Da Silva
Vice President, Marketing Communications
Wyndham Hotel Group
22 Sylvan Way
Parsippany, NJ 07054
+1 (973) 753-6590

Cassidy Turley Brokers Sale of Alpharetta Shopping Center in Georgia

ATLANTA, GA- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today it brokered the sale of the Stonewood Village shopping center in Alpharetta, GA.

 Mark Joines (top right photo) and Drew Fleming (lower left photo), Vice Presidents at Cassidy Turley in Atlanta, led the team in representing the seller, Inland Mortgage Capital Corp., which foreclosed on the property in 2009. The buyer is Nightingale Properties, headquartered in New York City.

The closing price was $11.6 million. The sale included the center’s 101,615 square feet as well as out  parcels and additional land.

 Stonewood Village, located on Highway 9 in Alpharetta, is 97 percent occupied. The center’s major tenants include Big Lots, Dover Saddlery, Natural Foods Warehouse, Queen of Hearts Antiques and Anytime Fitness.

 “Nightingale Properties was drawn to the property due to Alpharetta’s demographics,” Joines said. “A major positive for the buyer was the access to undeveloped outparcels and excess land.”

 Joines and Fleming represent retail sellers and landlords across the Southeast on behalf of Cassidy Turley

Public Relations Contact

 Tony Wilbert
Wilbert News Strategies