Wednesday, August 7, 2013

HFF arranges $14.95 million financing for The Pointe at Redwood Shores on San Francisco Peninsula

The Pointe at Redwood Shores, Redwood City, CA
Michael Leggett
LOS ANGELES, CA – HFF announced today that it has arranged a $14.95 million financing for The Pointe at Redwood Shores, an 89,895-square-foot, Class A office campus in Redwood City, California.

Dave Karol
HFF worked on behalf of Kennedy Wilson to secure the three-year, floating-rate loan through California Bank & Trust.

HFF director Dave Karol along with senior managing director Michael Leggett, managing director Steven Golubchik and associate director Mark Damiani sold the property to the borrower in a transaction closed earlier this year.

Steven Golubchik
Renovated in 2012, the two-building campus is situated on 4.28 acres and is approximately 80 percent leased to five tenants including AB Sciex (anchor). 

Mark Wintner
The building is located at the intersection of Redwood Shores Parkway and Radio Road providing views of the San Francisco Bay and is in close proximity to US Highway 101 and Route 92, which provides access to the San Francisco Peninsula, Silicon Valley and East Bay areas.

The HFF team representing the borrower was led by managing directors Mark Wintner and Kevin Redford, senior managing director Paul Brindley and senior real estate analyst Jeff Sause. 
For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

Marcus & Millichap Expands in Texas with Opening of The Woodlands Office

David Luther
THE WOODLANDS, TX, Aug. 7, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has opened a new office in The Woodlands, Texas according to John J. Kerin, president and chief executive officer.

David Luther, a vice president of the firm, will oversee the office as its regional manager. Luther also oversees the firm’s Houston and Lafayette, La. offices as regional manager.

            The Woodlands office is located at 21 Waterway Ave., Suite 300, The Woodlands, Texas. The phone number is (832) 442-2800 and the fax number is (832) 442-2810.

Gene A. Berman
            “As we continue to grow our market share in the southwest, adding a new office in The Woodlands to serve the needs of investors in the greater Houston metropolitan area makes strategic sense,” says Luther. “The opening of this new office further strengthens our position as the leading real estate investment services firm not only in the southwest, but in the United States.”

“Investment properties in Texas boast some of the best fundamentals in the entire country,” says Gene A. Berman, executive vice president of Marcus & Millichap, and group managing director of the company’s offices in the southwest. “As the economy continues to improve, both domestic and foreign investors are rebuilding their real estate portfolios, shedding non-performing assets, executing more 1031 exchanges and requiring more complex financing for their transactions.

John J. Kerin
“In short, investors are requiring more sophisticated brokerage, advisory and financing services uniquely offered by Marcus & Millichap,” adds Berman. “This is an opportune time to push forward with our expansion plans and capitalize on the investment opportunities in Texas.”

In addition to The Woodlands office, Marcus & Millichap’s Texas offices include Austin, Dallas, Fort Worth, Houston and San Antonio.

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

Gina Relva
Public Relations Manager
(925) 953-1716

NAI Realvest Negotiates Three New Industrial Leases Totaling 14,500 SF in the Airport area and South Division Street in Orlando, FL

Goldenrod CommerCenter, Orlando, FL

MAITLAND, FL --- NAI Realvest recently negotiated new industrial leases totaling 14,500 square feet at Airport Industrial Center, Goldenrod CommerCenter and on Division Street South of downtown Orlando.

Michael Heidrich
 Michael Heidrich, a principal in the firm, brokered all three transactions representing the landlords.

 Convenience ATM’s Inc. and American Eagle Concrete Sawing & Drilling Inc. leased 7,000 square feet at 1705 S. Division St. just south of downtown Orlando.  The new tenant was represented by John Zadjura of Keller Williams Realty of Jupiter.  The landlord is Richard B. Rogers, Jr. and Allison S. Rogers of Belle Isle, Fla.

 At Goldenrod CommerCenter, 1460 N. Goldenrod Rd. Heidrich represented landlord COP-Goldenrod LLC of Maitland in the lease of 6,000 square feet to PTS Fitness Studio who was represented by Liciria Santos of Re/Max Avalon Park.

Airport Industrial Center, Orlando, FL
At Airport Industrial Center, Heidrich negotiated a lease agreement on behalf of the Boston-based landlord BIEL REO, LLC with Starker Baum Business Corporation, a local firm who leased Unit G with 1,500 square feet at 7480 Narcoossee Rd. 

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142