Wednesday, February 11, 2015

HFF closes $19.5 million sale of 212,000-square-foot warehouse in Secaucus, NJ


Michael Nachamkin
FLORHAM PARK, NJ – HFF announced it has closed the $19.5 million sale of a 212,000-square-foot industrial facility, formerly Daffy’s Distribution Center, located on 20 acres in Secaucus, New Jersey.

HFF arranged the sale on behalf of the Sitex Group, LLC.  The property was acquired by MEPT, a $7 billion real estate equity fund advised by Bentall Kennedy. 

The high profile site is located on Daffy’s Way within a triangle made up of the Lincoln Tunnel toll road (New Jersey Route 495), New Jersey Route 3 and the New Jersey Turnpike, one of the most trafficked thoroughfares in the U.S. providing access to various localities in New Jersey, Delaware, Pennsylvania and New York. 

The location is 12.3 miles north of Newark Liberty International Airport and Port Newark/Elizabeth and less than five miles from Midtown Manhattan.

The HFF investment sales team was led by managing director Michael Nachamkin.

“Our team is very pleased with the results of the sale and is excited about the opportunity to build a new working relationship with a great institutional investor,” said Brian Milberg, principal of Sitex. 

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

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

HFF named to market for sale 11-building medical office portfolio in Houston, TX area

  
Michael Bennett
CHICAGO, IL – HFF announced it has been named to market for sale an 11-building, on-campus medical office portfolio totaling more than one million square feet of net rentable area throughout the Greater Houston area.

                HFF has been retained on an exclusive basis to market the offering on behalf of the seller, Memorial Hermann Health System.  

The buildings will be leased back to the seller on a long-term, absolute net lease basis once the sale is completed.

                The Memorial Hermann buildings included in the portfolio are: Northwest Medical Plaza 1 (96,953 square feet), Northwest Medical Plaza 2 (50,272 square feet), Southeast Medical Plaza 1 (98,449 square feet), Southeast Medical Plaza  2 (98,611 square feet), Southwest Medical Plaza  1 (171,607 square feet), Southwest Medical Plaza  2 (169,223 square feet), Southwest Medical Plaza  3 (136,694 square feet), Southwest Medical Plaza  4 (131,806 square feet), Woodlands Medical Plaza  1 (37,796 square feet), Woodlands Medical Plaza  2 (92,911 square feet) and Woodlands Medical Plaza  3 (117,295 square feet).

Evan Kovac
                The HFF team representing the seller is led by managing directors Michael Bennett, Colby Mueck, Phil Mahler and Evan Kovac and director Jack Dudick.

                An integrated health system, Memorial Hermann is known for world-class clinical expertise, patient-centered care, leading edge technology and innovation. 

The system, with its exceptional medical staff and more than 20,000 employees, serves to advance health in Southeast Texas and the Greater Houston community.  

Memorial Hermann’s 12 hospitals include three hospitals in the Texas Medical Center, including the Texas Trauma Institute – a level I trauma center which houses the Life Flight® air ambulance – a hospital for children and a rehabilitation hospital, eight suburban hospitals and a second rehabilitation hospital in Katy. 

The system also operates three Heart & Vascular Institutes, the Mischer Neuroscience Institute, two Ironman Sports Medicine Institute locations, cancer centers, imaging and surgery centers, sports medicine and rehabilitation centers, outpatient laboratories, a chemical dependency treatment center, a home health agency, a retirement community and a nursing home. 

Jack Dudick
As an Accountable Care Organization, the system also offers employers health solutions and health benefit plans through its wholly owned Memorial Hermann Health Solutions, Inc. and Memorial Hermann Health Insurance Company.


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

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

$185 million sale of Class A office tower in Chicago’s West Loop closed by HFF

  
550 West Adams, West Loop, Chicago, IL

Jaime Fink
CHICAGO, IL – HFF announced today that it has closed the $185 million sale of 550 West Adams, a Class A office tower totaling approximately 483,677 rentable square feet in Chicago’s West Loop.

                HFF marketed the property on behalf of the seller, SEB Asset Management, an established real estate asset manager based in Frankfurt, Germany.  GLL Real Estate Partners purchased the asset free and clear of existing debt for $382 per rentable square foot.

550 West Adams was designed by DeStefano + Partners to be approximately 87 percent glass to allow natural light into the lobby and tenant spaces.

Completed in 2006, the 18-story tower has ground retail space.  An adjacent parking garage located at 125 South Jefferson provides 18 indoor executive parking spaces along with 16 additional reserved spaces.  550 West Adams is anchored by the global headquarters of USG Corporation. 

Other major tenants include law firm Lewis, Brisbois, Bisgaard & Smith LPP; Humana Health Plan; and JP Morgan.  Situated on .698 acres at the northwest corner of Adams and Clinton Streets, the building is across the street from Union Station and two blocks south of the Ogilvie Transportation Center. 

Jeffrey Bramson
The HFF investment sales team representing the seller was led by senior managing directors Jaime Fink and Jeffrey Bramson, managing director Mark Katz and real estate analyst Bryan Rosenberg. 

“550 West Adams is an excellent example of the strong demand by global investors’ desire to acquire office towers in Chicago,” said Fink.  “The diversification of capital, both domestic and global, has never been greater than in the past few years.”

“In addition to domestic capital, HFF has or is currently transacting with Asian, Canadian, European, Middle Eastern and South American capital sources,” Fink added.  “Investors realize the benefits of investing in Chicago’s growing economy and diverse employment base. 

"Furthermore, Chicago has attracted strong interest in the redevelopment of vintage office properties into alternative uses, like hotels or multi-housing.  Coupling this reduction in office supply with limited office development in the pipeline creates an environment that should bode very well for Chicago’s office markets and office owners.”

Mark Katz
HFF recently named Fink co-head of HFF’s national office platform, and he assumed the leadership role in January 2015 alongside senior managing directors Stephen Conley and Michael Leggett. 

  Fink has more than 18 years of experience in the commercial real estate industry and, since joining HFF in 2004, has closed more than $19.4 billion of commercial real estate sales for office, retail, industrial and land transactions in the Chicago area. 

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

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

HFF closes sale of and arranges financing for luxury residential condo-conversion in Manhattan’s Murray Hill


The Montrose, Murray Hill Neighborhood,
308 East 38th Street, Manhattan, NY
Andrew Scandalios
NEW YORK, NY – HFF announced it has closed the sale of and arranged financing for The Montrose, a 97-unit, luxury, boutique multi-housing building in the Murray Hill neighborhood of Manhattan.

HFF marketed the property on behalf of the seller.  Gaia Real Estate Investments, LLC purchased the asset for an undisclosed amount.  Additionally, HFF arranged acquisition financing for the buyer.

The Montrose is located at 308 East 38th Street between 1st and 2nd Avenues in Murray Hill, six blocks from Midtown Manhattan and Grand Central Terminal and four blocks from the United Nations building.  

Twenty percent of Zagat’s top 50 restaurants in New York City are walking distance from the property. 

Built in 2001, the 22-story building is 100 percent leased and features a 24-hour attendant, lobby with slate floors and an indoor waterfall, rooftop sundeck with views of the Manhattan skyline and East River, a modern fitness center and fully-equipped tenant lounge with billiards and flat screen TV.   

Jeffrey Julien
The HFF investment sales team representing the seller was led by senior managing directors Andrew Scandalios, Eric Anton and Jose Cruz, managing director Jeffrey Julien and director Rob Hinckley.

                The HFF debt placement team was represented by managing director Steven Klein and associate director Christopher Peck.

“There is a lack of moderately-priced condominiums in Manhattan,” Scandalios said.  “The Montrose represents the ideal product and location for this moderate price range serving end-users that will enjoy the proximity to the Midtown CBD, nearby hospitals, Grand Central and the United Nations.  

"Additionally, HFF was able to structure a capital stack that is both accretive and flexible for the buyer.”

Gaia Real Estate is a full-service real estate investment company with integrated in-house property and asset management capabilities.  

Gaia has under management a portfolio of $1.7 billion in real estate assets, including 15,181 residential apartments and 600,000 square feet of office space located throughout the United States. 

 Gaia invests in a range of real estate opportunities on behalf of, and alongside, leading global insurance companies, pension funds, private equity funds, foundations and high-net worth-individuals.  For more information, visit www.gaiare.com.
  
For a complete copy of the company’s news release, please contact:

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

HFF arranges $10.5 million financing for media printing and production facility in northern New Jersey


100 Commons Way, Rockaway, Eastern Morris County, NJ
 
Michael Klein

 FLORHAM PARK, NJ – HFF announced it has arranged a $10.5 million financing for a sale/ leaseback of a 352,461-square-foot industrial printing and production facility located at 100 Commons Way in Rockaway in eastern Morris County, New Jersey.

HFF worked exclusively on behalf of the borrower, The Hampshire Companies, to secure the seven-year, fixed-rate financing through Ocean First Bank.  Loan proceeds will be used to acquire the property. 

100 Commons Way is 100 percent leased by North Jersey Media Group (NJMG), the largest news gathering organization in northern New Jersey with roots that trace back to 1895. 

The building serves as the independent, family-owned media company’s only printing and sorting facility.  Multiple publications are printed in the facility, including NJMG-owned The Record, Herald News and 43 weekly community newspapers in addition to three Gannett-owned daily papers and 10 weekly newspapers for Greater Media Newspapers. 


Jon Mikula
100 Commons Way is improved with three floors that include 150,756 square feet of production and printing space, 57,116 square feet of industrial warehouse and distribution space, 20,765 square feet of office space, a data center and cafeteria, separate parking garage and on-site post office. 

The facility is located just off Green Pond Road (County Route 413), which leads directly to Interstate 80, a major east-west artery through northern New Jersey, and is only seven miles from the intersection of Interstate 80 and Interstate 287.

                The HFF debt placement team representing the borrower was led by director Michael Klein along with senior managing director Jon Mikula and senior real estate analyst Michael Cerulo.

“The Hampshire Companies was seeking a lower leverage request with a flexible prepayment schedule that would best meet their acquisition criteria,” Klein said.  

“Ocean First Bank was able to get comfortable with the specialty use of the property given the long-term sale/leaseback and lower leverage request.  As a result, the bank was able to move quickly and close the loan before year end.”

The Hampshire Companies is a full-service, private real estate firm with equity in assets valued at more than $2.5 billion, based in Morristown, New Jersey.  The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments.  Learn more athampshireco.com.


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

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

HFF arranges construction financing and joint venture equity for Class A office project in Dallas’ Las Colinas submarket


Rendering of planned Connection Park spec office development,
 Las Colinas submarket, Dallas, TX    

Colby Mueck
HOUSTON, TX – HFF announced it has arranged construction financing and joint venture equity for the development of a 141,219-square-foot office building in Dallas’ Las Colinas submarket, which will be the first phase of Connection Park, a two-building, Class A speculative office park totaling 304,714 square feet.

                HFF worked exclusively on behalf of the borrower, a joint venture between Stream Realty Partners and Chief Partners, to secure a non-recourse construction loan through American Bank of Texas.  Alex Brown Realty provided joint venture equity for the project. 

                The Connection Park development site encompasses 18.3 acres situated at the southwest corner of Lyndon B. Johnson Freeway (Interstate 635) and Freeport Parkway and is approximately 1.5 miles from Dallas/Fort Worth International Airport. 

The 141,219-square-foot Phase I building will be three and a half stories and is scheduled for completion in 2016.  The second phase of the Connection Park project, which was not part of this transaction, will be comprised of a four-story, 161,498-square-foot Class A office building. 

                 HFF’s debt and equity placement team was led by managing directors Colby Mueck and Matt Kafka and associate director Jim Curtin.

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

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

HFF closes $73.75 million sale of and arranges financing for landmark office tower in Seattle’s Pioneer Square


Smith Tower, 506 Second Avenue, Downtown Seattle, WA


Gerry Rohm

PORTLAND, OR – HFF announced it has closed the $73.75 million sale of and arranged financing for Smith Tower, a 268,748-square-foot, historic office tower and adjacent two-story Florence Building in Pioneer Square in downtown Seattle, Washington.

                HFF marketed the property on behalf of the seller and sold the property to Unico Properties LLC, a Seattle-based real estate investment and operating company.  Additionally, HFF placed a bank loan on behalf of the buyer with a foreign bank.

                The iconic Smith Tower is listed on the National Registry of Historic Places and is a City of Seattle Landmark.  

When Smith Tower was originally built in 1914, it was the tallest building west of the Mississippi until 1931 and the tallest building on the West Coast until 1962.


Nick Kucha
 In 2012-2013, the 42-story tower was substantially renovated.  Located at 506 Second Avenue in downtown Seattle, the property is adjacent to the Pioneer Square and King Street train stations and within walking distance to the Seattle Ferry Terminal in downtown Seattle. 

                The HFF investment sales team was led by senior managing director Gerry Rohm, director Nick Kucha and senior real estate analyst James Childress.

HFF’s debt placement team was led by managing director Tom Wilson and senior real estate analyst Erica Christensen.

                Unico Properties LLC is a real estate investor and full-service operator, focused on office and multifamily assets in the western United States.

  For nearly 60 years, its investors and partners have relied on Unico for its local knowledge, institutional rigor, and boutique service, which consistently deliver results.  Founded in 1953, Unico is headquartered in Seattle, Washington.

Erica Christensen
 With more than 10 million square feet of LEED-certified properties, the company is a leader in sustainable best practices, developing and managing some of the world’s highest performing green buildings, and transforming the built environment.

  For more information about Unico, please visit the firm’s website at www.unicoprop.com.


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

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

HFF closes sale of and arranges joint venture equity and acquisition financing for Riverwalk at Millennium in suburban Philadelphia


Riverwalk at Millennium Apartments, 309 Washington Street, Conshohocken, PA
Kevin O'Hearn
PHILADELPHIA, PA – HFF announced today that it has closed the sale of and arranged joint venture equity and acquisition financing for Riverwalk at Millennium, a 375-unit Class A multi-housing community in Conshohocken, Pennsylvania.

HFF marketed the property on behalf of the seller, Riverwalk Realty Company, Inc.  A joint venture arranged by HFF between Scully Company and Long Wharf Real Estate Partners LLC purchased the asset. 

Additionally, HFF worked on behalf of the buyer to place the 10-year, floating-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  

The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.  

Riverwalk at Millennium is situated on 7.89 acres at 309 Washington Street in Conshohocken, a suburb northwest of Philadelphia that borders the Schuylkill River. 

James Conley
The SEPTA Regional Rail line is a short walk away, and Center City Philadelphia is approximately 20 minutes from the transit-oriented property.  Directly behind the property is the Schuylkill River Trail, which is used for running and biking along the river between Valley Forge and Center City. 

The four-story buildings sit above single-story parking garages and are composed of 239 one- and 136 two-bedroom units averaging 923 square feet.

  Originally constructed in 2005, 189 units were rebuilt in 2010 after a construction fire at an adjacent property burned down two of the property’s four buildings.

 Community amenities include a clubhouse with fireplace, billiards and pub room, a resort-style outdoor pool with sundeck, river views, fitness center and business center with conference facilities.

The HFF investment sales team representing the seller was led by senior managing directors Mark Thomson, Zac Pierce and Jose Cruz and managing director Kevin O’Hearn.

HFF’s debt and equity placement team was led by senior managing director Jim Cadranell and managing directors Ryan Ade and James Conley.

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

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

HFF closes $28.859 million sale of 3-building industrial portfolio in Southern California


Light industrial portfolio, 10509 Business Drive and 13231 Slover Avenue in Fontana, CA
east of  Los Angeles

Ryan Martin
IRVINE, CA – HFF announced it has closed the $28.859 million sale of a three-building light industrial portfolio totaling 343,413 square feet near Los Angeles, California.

HFF marketed the property on behalf of the seller, KFG Investment Company.  Rexford Industrial, LLC purchased the assets.   

The 100-percent-leased portfolio located in the Inland Empire West submarket consists of 10509 Business Drive and 13231 Slover Avenue in Fontana, a city east of Los Angeles, and 12907 Imperial Highway in Santa Fe Springs, a city southeast of Los Angeles. 

Located half a mile apart, the Fontana properties are near major transportation arteries, including Interstates 10 and 15 and the Pomona Freeway (Highway 60), and are approximately 65 miles from the Ports of Los Angeles and Long Beach and five miles from Los Angeles Ontario Airport. 

The Business Drive property is a 130,788-square-foot building situated on 6.87 acres and features 21 dock high loading doors and 24’ clear height.  The Slover Avenue building comprises 109,463 square feet on 5.3 acres and includes 16 dock high doors and 24’ clear height. 

Anthony J.
Brent
The Santa Fe Springs property is three blocks from the Santa Ana Freeway (Interstate 5) and has easy access to Interstates 605 and 105.   The property is also less than 23 miles from the Ports of Long Beach and Los Angles and Los Angeles International Airport.  The 101,080-square-foot building has 17 dock high loading doors and 30’ clear height.

The HFF investment sales team representing the seller was led by managing director Ryan Martin and senior managing director Anthony Brent.

“These assets were highly sought-after due to the infill location and highly functional building features,” Martin said.  “These will prove to be great additions to Rexford Industrial’s rapidly growing portfolio.”

“The investment provides significant upside as the current rents are considerably below current market rents,” Brent added.  

KFG Investment Company is a privately owned real estate investment company that is focused on the acquisition and repositioning of industrial and multifamily properties and the ownership and entitlement of residential land and residential master-planned communities. 

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets.  The company owns interests in 98 properties with approximately 10.1 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.  For additional information, visit www.rexfordindustrial.com.

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

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

HFF closes sale of apartment and townhome community in West Chester, PA


Halstead Apartments and Townhomes, 812 Goshen Road, West Chester, PA


Mark Thomson
PHILADELPHIA, PA – HFF announced it has closed the sale of Halstead, a 198-unit apartment and townhome community in West Chester, Pennsylvania. 

HFF marketed the property on behalf of the seller, TGM Associates.  Metropolitan Management Corporation purchased the asset.

Halstead is situated on more than 11 acres at 812 Goshen Road near Routes 202 and 322 and the West Chester Pike in the heart of West Chester. 

The garden- and townhome-style property consists of six, two-story courtyard buildings containing 48 one-bedroom flats, 109 two-bedroom townhomes and 41 three-bedroom townhomes with flat-style units averaging 770 square feet each and townhome units averaging 1,076 square feet.  Community amenities include a newly-renovated clubhouse, fitness center and bark park.

The HFF investment sales team representing the seller was led by senior managing directors Mark Thomson, Zac Pierce and Jose Cruz.

Zac Pierce
                “Halstead represents the opportunity to continue a proven renovation strategy in one of Philadelphia’s most highly-acclaimed suburban submarkets.

  Investors continue to target West Chester due to strong rental growth, low vacancy, high household income, and the increasing number of jobs throughout the area,” said Thomson. 

                Pierce added, “We’ve had success in marketing more than 700 units in and around the borough in the past two years.”

Founded in 1991, TGM Associates is an investment advisory firm with a focus on multifamily properties.  

The firm acquires, manages and sells apartment properties throughout the United States. 

  Since its inception, TGM has invested in more than $1.8 billion in 117 multifamily residential properties throughout 28 states.  The firm’s current portfolio contains 50 properties in 23 states with more than 13,000 units.

Judi Goldstein
Metropolitan Management Corporation has amassed a diversified portfolio of more than $500 million, owning a majority of these holdings with an impressive mix of successful multifamily communities, retail and office properties. 

Founding principals A. Scott Fagan and Judi Goldstein, are both native Philadelphians and are the driving force behind Metropolitan Management Corporation, utilizing this extensive property management experience.  MMC has quickly developed into a full service organization with an exceptional track record for profitability.

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

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

Foxford Begins Construction on Quick-Delivery Home at Lansdowne Estate in Lake Bluff, IL; Renovates Lansdowne Mansion

  
  
Rendering of  Lansdowne Spec Home, Lake Bluff, IL


Peter Brennan
CHICAGO, IL Feb. 11, 2015 –Foxford Communities has announced it will start construction this month on a custom 7,000-square-foot quick-delivery home at the Lansdowne Estate in Lake Bluff, Ill. 

Foxford is also making renovations to the historic Lansdowne mansion on the property, which was designed and built in 1911 by the famed Chicago architect Benjamin Marshall. 

With the renovations comes a new listing price of $4,000,000 for the three-story, 14,845-square-foot Georgian-style, lakefront home.

“Today’s savvy homebuyers like the option of selecting their finishes like paint colors, flooring and fixtures, but they don’t necessarily want to go through the entire homebuilding cycle,” said Peter Brennan, president of Foxford Communities.

 “At Lansdowne, we’ve already taken care of the time-consuming parts like applying for permits and application fees. It’s about making the experience of building an elegant home as easy and enjoyable as possible for our buyers.”

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

Kelly Shumaker kshumaker@taylorjohnson.com, 312-267-4519
Emily Johnson, ejohnson@taylorjohnson.com, 312-267-4522





The Trillist Companies Inc. Breaks Ground on YOO On the Park in the Heart of Midtown Atlanta, GA

  
Site of planned YOO on the Park tower in Midtown Atlanta, GA


Scott L. Leventhal

ATLANTA, GA (Feb. 11, 2015) – Real estate investment and development company, The Trillist Companies Inc., announced today that construction has commenced on the highly-anticipated YOO on the Park tower located adjacent to Piedmont Park and in the heart of blossoming Midtown. 

YOO on the Park is the first in a platform of exquisitely designed and branded luxury residential rental buildings to be developed by The Trillist Companies, Inc. in a strategic partnership with London-based YOO Studio, which is a global design and lifestyle brand and the result of a partnership between property entrepreneur John Hitchcox and the ubiquitous designer, Philippe Starck.

 In November 2014, Trillist launched sales of YOO at Metropica, a 263-unit, 28-story condominium tower located in the Metropica master-planned community in South Florida.

“The commencement of YOO on the Park not only represents the addition of an incredible development in Midtown that will elevate residential living within this city, but the launch of an exciting partnership with YOO Studio that was formed to develop luxury branded residential buildings in major cities throughout the United States that will forever redefine living,” said Scott L. Leventhal, President and Chief Executive Officer of The Trillist Companies, Inc. 

Joseph Kavana
Leventhal further stated that “we have focused on every detail in the design of this development from the inside out, and our residents will have the opportunity to enjoy amenities and finishes not yet seen in this market.” 

YOO on the Park will be a highly appointed 25-story, 245-unit luxury apartment building located at 207 13th Street, between Juniper Street and Piedmont Avenue in the heart of Midtown.

It is conceived as a veritable extension of the park itself, reflecting its greenery, fitness-focus and liveliness, while adding superb luxury finishes, state-of-the-art technology, and inventive, unexpected design touches which may be found in YOO’s impressive portfolio of design-centric communities around the world. 

Phillipe Starck
Building on the serene setting created by Piedmont Park, YOO on the Park caries an oasis theme to every aspect of the building’s design, such features include an artistic six-story living wall on the building’s exterior fa├žade  that  not only residents will enjoy, but the entire community too.

 There will be a wide array of amenities including multiple resident lounges and game rooms -- including a virtual golf simulator, indoor and outdoor fitness facilities and studios with state-of-the-art equipment and multi-purpose functionality, a resort-style pool and lounge with an outdoor summer kitchen, 24-hour concierge services, a bike fix-it-station for avid cyclists, and even a “Pet Respite” with pet facilities and dog grooming.


 Since 1999, YOO has worked with international developers designing landmark residential and hotel projects throughout Asia, Australia, Europe, Africa, North and South America and the Middle East.  Founded by international property entrepreneur John Hitchcox and ubiquitous designer Philippe Starck, YOO is a residential and hotel design company offering the creative visions of world renowned designers Philippe Starck, Marcel Wanders, Jade Jagger, Kelly Hoppen, Steve Leung and the YOO Studio.  With 79 projects in 55 cities worldwide, YOO is a thoroughly international lifestyle brand.


“We seek out innovative developer partners across the world, and in the US we have be fortunate enough to form an ongoing partnership with Trillist. 

 Their modern, cutting-edge and intuitive approach to urban living is synonymous with our belief that we can achieve better living through great design.  

Working on YOO on the Park in a city like Atlanta marks a new era for us in the US, and the ongoing perpetuation of a great relationship with Trillist,” said John Hitchcox, Co-Founder & Chairman, YOO Worldwide.

 Founded in 2014 by Scott L. Leventhal and Joseph Kavana, The Trillist Companies, Inc. was formed for the purposes of developing the most innovative and sought after residential and mixed-use buildings in the United States.  

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

Liz Lapidus PR
404-688-1466