Tuesday, June 25, 2013

NAI Realvest negotiates lease renewal at Vistawilla Office Center in Winter Springs, FL for Snap-On Tools

                               Vistawilla Office Center, 1511 East State Road 434,
                                             Winter Springs, FL
Mary Frances West
MAITLAND, FL– NAI Realvest recently negotiated a lease renewal for Suite 1025 with 2,254 square feet in the Vistawilla Office Center, 1511 E. SR 434 in Winter Springs. 

Margaret Knize
 Senior Associate Mary Frances West, CCIM along with Margaret Knize of NAI MLG Commercial negotiated the transaction representing the tenant, Snap-On Tools Company, LLC, the global manufacturer and marketer of tools.   

 The landlord, Vistawilla Office Center LLC was represented by David McLeod, managing partner.

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

Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com

HFF arranges $300 million financing for 59-building office portfolio in Silicon Valley

Part of Silicon Valley Portfolio, Silicon Valley, CA

Eric Tupler
SAN FRANCISCO, CA – HFF announced today that it has arranged $300 million in financing for a 59-building office/R&D portfolio totaling 2.4 million square feet throughout the Silicon Valley.

Working on behalf of a joint venture between two global investment managers, HFF placed the four percent, floating-rate loan with Blackstone Mortgage Trust, Inc.  Proceeds were used to refinance existing debt.

Bruce Ganong
The 59-building portfolio encompasses three business parks and 38 standalone office buildings in five submarkets throughout the Silicon Valley – Mountain View, Sunnyvale, Santa Clara, San Jose and Milpitas. 

The portfolio is more than 80 percent leased to a diverse mix of tenants including Apple, SanDisk, The McGraw-Hill Company, Intel and Netflix.

 Constructed between 1959 and 2000, the properties have been institutionally maintained and are well suited to serve as corporate headquarters providing tenants with high visibility and abundant parking.

Chris Gandy
The HFF team representing the borrower was led by senior managing directors Eric Tupler and Bruce Ganong, director Chris Gandy and associates Leon McBroom and Ed Brown.

“This financing was an integral component of the overall portfolio strategy, which also included the recent HFF executed sales of Park Square and Marriott Business Park in Santa Clara. 

The Blackstone team provided a customized financing solution that complements the portfolio strategy, and they worked tirelessly to meet our client’s condensed timeline,” commented Ganong .

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

Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

HFF arranges $28.5 million refinancing for Class A multi-housing community in Jacksonville, FL area

Indigo Apartments, 13525 Bartram Park Boulevard, Jacksonville, FL

MIAMI, FL – HFF announced today that it has arranged a $28.5 million refinancing for Indigo Apartments, a 323-unit, Class A, garden-style multi-housing community in Jacksonville, Florida.

Elliott Throne
HFF worked exclusively on behalf of the borrower to secure the 10-year, fixed-rate loan through GE Real Estate.  HFF will also service the loan.

The property is located at 13525 Bartram Park Boulevard on the southeast side of Jacksonville just off Interstate 95.  Completed in 2007, the property is 97 percent occupied and includes one-, two- and three-bedroom units.  Community amenities include a swimming pool, hot tub, fitness center, playground, clubhouse and business center.

“GE recognized the high quality of both the asset and sponsorship and stepped up to deliver a very quick and aggressive execution,” stated director Elliott Throne, who led the HFF team representing the borrower.

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

Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

Lincoln Brokers Watermark Medical Inc.’s 10,000-Square-Foot Renewal and Expansion at Eleven Seventeen Perimeter in Atlanta, GA

     Eleven Seventeen Perimeter, Atlanta, GA

Sabrina Altenbach
ATLANTA, GA (June 25, 2013) – Lincoln Property Company Southeast (Lincoln) has brokered Watermark Medical Inc.’s lease renewal and expansion totaling 10,000 square feet at Eleven Seventeen Perimeter in Atlanta’s Perimeter submarket. Watermark Medical, a healthcare information technology firm, previously leased 5,000 square feet at the building.

 Leigh Braswell, a vice president at Lincoln, and Sabrina Altenbach, a senior leasing associate with the firm, represented the property owner, Colony Realty Partners, in the transaction. Pete Shelton of Colliers International represented the tenant.

 Eleven Seventeen Perimeter is a Class-A, LEED-certified office building near the Sandy Springs MARTA station, Georgia 400 and Interstate 285. The five-story building features free covered and surface parking, an onsite cafĂ© and courtyard, a fitness center, and a newly renovated conference facility.

Leigh Braswell
 “As the Atlanta economy continues to improve, office tenants are growing more confident, and Eleven Seventeen has benefited from this increased confidence,” Braswell said.

 “Watermark Medical is one of several tenants to expand in the building lately, and it’s easy to see why: With its access to major highways and its top-notch amenities, Eleven Seventeen is the ideal location for a growing firm.”

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

Stephen Ursery
The Wilbert Group

HC Real Estate Capital Arranges Financing for Retail Property In Orlando, FL

            Goldenrod Plaza, 4067 South Goldenrod Road, Orlando, FL

Orlando, FL, June 25, 2013. -- Chris Caveglia and Kurt Hoffmann of HC Real Estate Capital have arranged $4,162,500 in financing for Goldenrod Plaza (“GP”). Acquisition financing was arranged through a local lender with a 5-year term and a 25-year amortization schedule.

Orlando International Airport
GP is located at 4067 South Goldenrod Road, Orlando, FL. The plaza is approximately 15 minutes from downtown Orlando and 10 minutes from the Orlando International Airport. GP was built in 2002 and is situated on 8.42 acres. The retail property is 44,262 SF, and anchored by Save-A-Lot grocery store.

Chris Caveglia, Principal at HC Real Estate Capital states, “ This is an excellent opportunity for the buyer to create value through lease-up and NOI Growth.” Caveglia went on to say, “The property is situated in a high growth corridor in the Orlando market.”

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

Chris Caveglia
HC Real Estate Capital, LLC
660 Linton Blvd. Ste 200 EX5
Delray Beach, FL 33444
Direct: 561-266-3273
Mobile: 561-376-3176

The Georgia Club Named One of the Nation’s Best Master-Planned Communities


Statham, Ga. (June 25, 2013) – Where to Retire Magazine has named The Georgia Club one of the best master-planned communities in the U.S. in its latest Top 50 Best Master-Planned Communities rankings.

Steve Crowell
 The magazine’s nine-month selection process reviews several hundred candidates across the country each year. The 2013 initial selection featured communities from 17 states, and The Georgia Club was one of only five from Georgia.

 “The Georgia Club’s location and amenities offer its members a one-of-a-kind active lifestyle, and it’s great to be recognized for that,”says Steve Crowell, senior director of Alvarez & Marsal Capital Real Estate, owners of The Georgia Club.

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

Hannah Strickland
P 404-874-7582
C 478-387-8740

Marcus & Millichap Sells 13-Unit Apartment Building in Downtown Fort Lauderdale, FL for $1.45 Million

Fleur De Lis Apartments, 1501 and 1505 SE 2nd Court
Fort Lauderdale, FL

FORT LAUDERDALE, FL, June 25, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Fleur De Lis Apartments, a 13-unit apartment property located in downtown Fort Lauderdale, FL. The asset commanded a sales price of $1,450,000 representing $111,538 per unit.

Joseph P. Thomas
Joseph P. Thomas, an Associate 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 from Fort Lauderdale.  The buyer, a private investor from Miami Beach, was also secured and represented by Joseph P. Thomas. 

The Fleur De Lis is a 13-unit multifamily property that consists of one studio, nine one-bedroom apartments and three two-bedroom apartments. The property is situated south of Broward Boulevard, just one block north of the shopping, dining and entertainment of Las Olas Boulevard.

Fleur De Lis Apartments is located at 1501 and 1505 SE 2nd Court in Ft. Lauderdale.

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

Gregory Matus
 Regional Manager 
Vice President,
 Fort Lauderdale, FL
 (954) 245-3400

Northeast Private Client Group’s Edward Jordan Featured Speaker at Upcoming CCIM Event in Milford, CT

Edward Jordan

 BRIDGEPORT, CT – Edward Jordan, JD, CCIM and managing director of investment sales broker Northeast Private Client Group, will be a featured speaker at an upcoming CCIM Institute, Connecticut Chapter conference next month. 

The event, CCIM’s “Mid-Year Commercial Real Estate Market Review and Forecast,” will be held at the Great River Golf Club in Milford, CT on July 23rd from 8:00-11:45 am.

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

Rick Leonard