Tuesday, December 25, 2012

HFF closes $10.8 million sale of Granada Plaza in Dunedin, FL

Granada Plaza, Dunedin, FL
MIAMI, FL – HFF announced it has closed the sale of Granada Plaza, a 74,200-square-foot, grocery-anchored neighborhood center in Dunedin (Tampa), Florida.

                HFF marketed the property on behalf of the seller, Odyssey DP I, LLC, an entity affiliated with Lakeland, Florida-based Odyssey Diversified Properties, Inc (“Odyssey”).  H&R REIT purchased the asset for $10.8 million and is assuming exiting life insurance company financing.

Daniel Finkle
Granada Plaza is situated on a 6.92-acre site at 1491-1575 Main Street at the intersection of State Road 580 and County Road 1, northwest of Tampa in Dunedin.  The property was renovated in 2004 and is 86 percent leased to tenants including Publix (anchor tenant), Curves, UPS Store, Hair Cuttery and Firehouse Subs.

                The HFF team representing the seller was led by senior managing director Danny Finkle and director Luis Castillo. This sale marks the 19th successful retail center transaction closed by HFF in Florida in 2012.

Luis Castillo
Odyssey develops, leases and manages a variety of retail projects from small strips to large neighborhood centers with national tenants such as Publix, Marshalls, Save-A-Lot, Starbucks and Bealls among many more.  Odyssey was organized in 2004 for the purpose of developing and leasing retail projects in Florida, Georgia, Alabama and the Carolinas.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

Berger Commercial Realty Awarded Two Exclusive Lease Listings and Management Assignments in Fort Lauderdale, FL

Steve Hyatt
FORT LAUDERDALE, FL - Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, has been awarded two exclusive lease listings and management assignments.

 Senior Vice President Steve Hyatt and Sales Associate Jonathan Thiel will handle the leasing of two office buildings, located at 700 SE 3rd Ave. and 750 SE 3rd Ave. in Fort Lauderdale, for CBSA Law Plaza LLC. 

Tim Hackett
Vice President of Property Management Tim Hackett will handle property management. Hyatt also has been retained to sell the property.

 The Berger team also will represent CBSA Justice Building LLC in the leasing and property management of a 30,734-square-foot, 4-story building located at  524 South Andrews Ave. in Fort Lauderdale.

 Media Contact: 

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

Marcus & Millichap Sells 9,980-SF Shopping Center on Marco Island, FL

Marco Island Shopping Center, Marco Island, FL
MARCO ISLAND, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a  9,980-square foot strip center located on Marco Island, FL, according to Gregory Matus, Vice President/Regional Manager of the firm’s Ft. Lauderdale office. 

The asset commanded a sales price of $1,709,240.

Marc E. Strauss
First Vice President Investments Marc E. Strauss of Marcus & Millichap’s Fort Lauderdale office and Senior Associate Brian Parmacek of the firm’s Chicago office had the exclusive listing to market the property on behalf of the seller, a partnership from Marco Island, FL.
Brian Parmacek
The strip center is a multi-tenant retail shopping center with high visibility on busy Bald Eagle Drive.  

The center is 100 percent occupied and its tenants include: Sherwin Williams, Critter CafĂ© and Bill Smith Appliances. 

The property is located at 820 Bald Eagle Drive in Marco Island.

 Press Contact:

Gregory Matus
Vice President/Regional Manager,
Ft. Lauderdale, FL
(954) 245-3400

HFF arranges $20.6 million refinancing for Parkwood Plaza in Atlanta, GA

Parkwood Plaza Office Building, Atlanta, GA
ATLANTA, GA – HFF announced it has arranged a $20.6 million refinancing for Parkwood Plaza, a 210,919-square-foot, Class A office building in Atlanta. 

HFF worked on behalf of the borrower to secure the 10-year, fixed-rate securitized loan through The Goldman Sachs Group, Inc.  The loan is a refinance of a previous conduit loan.

                Parkwood Plaza is located at 1300 Parkwood Circle, off Powers Ferry Road, and close to Interstates 75 and 285 in the Cumberland/Galleria submarket of Atlanta.  The nine-story property is 86.4 percent leased.

The HFF team representing the borrower was led by senior managing director Mark Sixour and associate director Bill Ireland.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

HFF represents an affiliate of Brookfield Asset Management in sale of Chase Bank Building in northeast Houston, TX

Chase Bank Office Building, Houston, TX
 HOUSTON, TX – HFF announced it has closed the sale of the Chase Bank Building, a 46,883-square-foot office building in northeast Houston, Texas.

                HFF marketed the property on behalf of the seller, an affiliate of Brookfield Asset Management.    Delta Realty, Inc., led by Jeff Black, purchased the asset for an undisclosed amount.

Dan Miller
 The Chase Bank Building is situated on a 2.8-acre site at 19747 U.S. Highway 59 North near FM 1960 in Houston’s Kingwood/Humble submarket.  The property is 93.8 percent leased to tenants including JP Morgan Chase Bank. 

Trent Agnew
                The HFF investment sales team representing Brookfield Asset Management was led by senior managing director Dan Miller and associate director Trent Agnew.

Brookfield is a global alternative asset manager with approximately $150 billion in assets under management.  The company has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

NAI Realvest Negotiates Lease renewals totaling 21,825 SF of industrial space at Hanging Moss CommerCenter and Monroe CommerCenter South in Central Florida

Hanging Moss CommerCenter, Orlando, FL
ORLANDO, FL– NAI Realvest negotiated two industrial lease renewals totaling 21,825 square feet at the Hanging Moss CommerCenter in Orlando and at Monroe CommerCenter South in Sanford.

 Michael Heidrich, Sr., principal at NAI Realvest brokered both transactions on behalf of the landlords. 

 At Monroe CommerCenter South in Sanford, TekQuest Industries Corporation renewed its lease of 16,200 square feet at Suite 1000, 4275 Church St.  The landlord is COP-Monroe, LLC of Maitland.

Monroe CommerCenter South, Sanford, FL
 At 6124 Hanging Moss Rd. in the Hanging Moss CommerCenter the tenant, RTR Suppliers, Inc., renewed its lease of Suites 350 and 360 with 5,625 square feet.   Maitland-based COP-Hanging Moss, LLC is the landlord. 

For more information, contact

Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com
Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com
Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

Leasing Activity at MetWest International in Tampa, FL Continues to Gain Momentum

MetWest International, Tampa, FL
TAMPA, FL – Leasing activity at MetWest International, MetLife’s mixed-use development located in Tampa’s Westshore Business District, continues to gain momentum with over 57,000 square feet of leases in the third and fourth quarter of 2012.

Taylor & Mathis Managing Director of Leasing Angela Odell completed five leasing transactions on behalf of owner MetLife. 

Angela Odell
These recent transactions combined bring One MetroCenter and MetWest One to 85% and 88% leased respectively.  The third office building, MetWest Two, is 100% leased as a build-to-suit for

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

Angela Odell, Taylor & Mathis, (813) 875-7950 aodell@taylormathis.com
Drew Guthrie, MetLife, (212) 578-2826 dguthrie@metlife.com

Emily Morgan Hotel Joins DoubleTree by Hilton Following $4.5 Million Renovation

Emily Morgan San Antonio Hotel
McLean, VA – DoubleTree by Hilton today announced the opening of the newly renovated, upscale, full-service, 177-room The Emily Morgan San Antonio - a DoubleTree by Hilton. The hotel is owned by Alamo Hotels, Inc. under a franchise license agreement with a subsidiary of Hilton Worldwide. The hotel is managed by Westmont Hospitality Group.

 “The Emily Morgan San Antonio – a DoubleTree by Hilton, located in the heart of the city, is our brand’s third location in San Antonio and an important addition to our growing portfolio of hotels,” said Rob Palleschi, global head, DoubleTree by Hilton. 

“With its truly unique location at the site of the Alamo, this hotel historically has been an important contributor as a tourist attraction.  Now that we’re coupling its unique character and location with DoubleTree’s global reach, I have every confidence that it will continue to be a San Antonio destination for years to come.”

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

Colliers International Completes Investment Sale in Pasadena, CA to Envirofinance Group, LLC

145-161 Pasadena Ave., South Pasadena, CA
 PASADENA, CA -- Colliers International, the third largest global real estate services organization, has completed the $2.8 million sale of an investment property totaling 42,157 square feet at 145-161 Pasadena Avenue in South Pasadena, Calif.

Shadd Walker, Senior Vice President of Colliers International represented the property seller, 143-161 Pasadena Avenue, LLC. The buyer, Envirofinance Group, LLC, a fully integrated remediation management and land redevelopment firm is based out of Sacramento, Calif., represented itself.

Shadd G. Walker
Envirofinance Group plans to rehabilitate the existing building into a multi-tenant creative office park available for lease in the spring of 2013.

The investment property includes a multi-tenant offices and light-industrial property. The site contains two single-story buildings and one two-story building totaling ±42,157 square feet of rentable building space on approximately ±97,378 square feet of land.


Rainee Tiske
Marketing Specialist | PR GLA| Torrance, CA
Dir +1 310 381 2413
Main +1 310 381 1000

Colliers International
3 Park Plaza, Ste. 1200, Irvine, CA 92614