Thursday, April 23, 2015

Cohen Commercial Realty Signs Kumon Learning Center In New Lease Transaction in Boynton Beach, FL

Bryan S. Cohen
Boynton Beach, FL — Bryan Cohen, Allan Carlisle and Travis Langhorst of Cohen Commercial Realty, Inc. announced the signing of Kumon Learning Center to lease space at Boynton West Shopping Center.

Located on the northwest corner of Boynton Beach Boulevard and Military Trail, this center includes Bealls Department Store, Burlington Coat Factory, Einstein Bros. Bagels, Boston Market, SunTrust Bank and Pizza Hut.

 Cohen Commercial Realty, Inc., represents the Landlord, Kimco Realty Corporation, in this transaction.

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

HFF closes $11.15 million sale of 148-room Hilton Garden Inn near Tampa, FL

Hilton Garden Inn Tampa North, 13305 Tampa Oaks Boulevard, Temple Terrace, FL

Dan Peek
TAMPA, FL –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $11.15 million sale of the Hilton Garden Inn Tampa North hotel, a 148-key, limited-service hotel near the University of South Florida in Temple Terrace, Florida.  

HFF marketed the property on behalf of the seller.  Excel Group purchased the offering free and clear of debt. 

The Hilton Garden Inn Tampa North is located at 13305 Tampa Oaks Boulevard in Temple Terrace, a suburb 10 miles northeast of Tampa.

The hotel is three miles from the University of South Florida, six miles from Busch Gardens and has visibility from Interstate 75, one of Tampa’s main arteries, which is one block away.

 Completed in 2000 and renovated in 2013, the hotel features 6,458 square feet of meeting space, a fitness center, business center, outdoor pool and two dining choices, including the Great American Grill and the Pavilion Lounge.

The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Dan Peek, associate director Cyrus Vazifdar and real estate analyst Zach Nolan

Cyrus Vazifdar

“Tampa continues to be one of the fastest growing and most desirable hotel markets in the country, with significant institutional capital aggressively seeking opportunities,” Peek said.

 “The Hilton Garden Inn generated an overwhelming amount of interest, a testament to the long term outlook of the market.”

“This acquisition further marks the extension of our growth while adhering to a disciplined strategy of acquiring well-located, under-performing assets at a discounted basis,” added Shoham Amin, managing partner of Excel Group.

 “With this acquisition, our firm will have completed four acquisitions in Florida totaling $50 million in the first quarter of 2015.  We look forward to continuing this momentum throughout 2015 and expanding our partnership with HFF.”

Zach Nolan
During 2014, HFF’s Hotel Group closed more than $3.5 billion in hotel transactions across all capital markets involving more than 100 hotels and resorts.  

The firm is particularly active in Tampa Bay’s coastal region, where it has recently closed transactions on hotels including the Hilton Clearwater Beach, Sandpearl, Hyatt Clearwater Beach, Sheraton Sand Key and the Residence Inn Clearwater.

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 |

HFF closes sale of 2-property Ace Self-Storage portfolio in Upstate New York

Barbara Guffey
HOUSTON, TX  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a two-property Ace Self Storage portfolio totaling 630 units and 95,878 rentable square feet in upstate New York.

HFF marketed the portfolio on behalf of the seller, Real Estate Technology.  World Class Capital Group, LLC purchased the assets as their first self storage acquisition into the New York market. 

The 94.8-percent-occupied portfolio is comprised of a 388-unit property located at 735 and 765 South Street in Newburgh and a 241-unit facility at 1594 Route 9G in Hyde Park, New York. 

Three buildings – two self-storage buildings and one warehouse leased to three commercial tenants – comprise the Newburgh property, which is located just south of Interstate 84 off of Exit 5B in a community on the Hudson River 60 miles north of New York City. 

The Hyde Park property includes eight buildings and a stand-alone management office.  The asset is situated between Partridge Hill Road and Deer Hill Road on Route 9G in a residential community located between New York City and Albany.  Additionally, the Hyde Park property has 12 RV parking spaces.

Ace Storage, Hyde Park, NY
  Both properties include climate and non-climate controlled units and on-site management.

  The buyer plans to expand the facilities to add additional units.  

The properties will be rebranded and managed by Great Value Storage, the firm’s wholly-owned storage management platform.

The HFF self storage team representing the seller was led by director Barbara Guffey.

“The portfolio appealed to the buyer since it was stabilized with a strong cash flow stream, and offered expansion opportunities at both locations,” Guffey said. 

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 |


Dave Palumbo
Rome, GA. – Charles Hight Square welcomes its newest tenant, Miracle-Ear.

The 88,721-square-foot shopping center at 435 Turner McCall Blvd. NE, is located directly across from Floyd Medical Center. It is also home to the first and only Publix in Rome, GA.

Miracle-Ear services patients with hearing aids and has more than 1,200 locations across the country.

Crossman & Company’s Senior Associate Dave Palumbo worked with Jimmy Byars of Hardy Realty.

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

Sydnie Cobb
Crossman & Company

Los Angeles Celebrates Grand Opening of Sage Park Affordable Apartments for Families

Cynthia A. Parker
LOS ANGELES, CA, April 23, 2015—BRIDGE Housing and its partners will mark the grand opening of Sage Park Apartments at a ribbon-cutting ceremony today at 12 noon. The event takes place at 1304 West 177th Street, Los Angeles.

“The Los Angeles area is one of the most expensive rental markets in the country, where people with moderate- and lower-wage jobs cannot afford a place to live,” said Cynthia A. Parker, President and CEO of BRIDGE Housing.

 “At Sage Park, we are thrilled to be part of transforming an underutilized site into new, affordable homes and community spaces.”

Sage Park features 90 affordable rental apartments for families on a 3.5-acre site on the north side of the Gardena High School campus. The property was developed through a partnership between nonprofit BRIDGE Housing, the Los Angeles Unified School District and the Los Angeles Housing and Community Investment Department.

Rents are set to be affordable to residents with annual incomes ranging from $16,541 to $49,800 for a four-person household (30-60% of Area Median Income). Monthly rents will range from $425 to $1,222 depending on factors such as income, household and apartment size.

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

Dustin Lawrence
310 854 8242

1065 Midtown Announces Release of 52 Luxury Condominiums in Midtown Atlanta, GA

Christa Huffstickler

ATLANTA, GA (April 23, 2015) – 1065 Midtown announces the sale of its highly anticipated condominiums. The exclusive property, located in the heart of vibrant Midtown, boasts 52 homes with full-service amenities that provide a truly unique living environment.

1065 Midtown Condominiums, Midtown Atlanta, GA
“1065 Midtown’s unique design features, building amenities and the highly desirable location make it a true lifestyle destination,” says Christa Huffstickler, Vice President of Sales, NeoLuxe Realty Group, Atlanta Fine Homes Sotheby's International who is responsible for marketing the condos on behalf of TriBridge Residential.

 “Located just a short distance from Piedmont Park, the Atlanta BeltLine and some of the city’s finest dining and entertainment options, the property provides an unparalleled living experience.”

Situated on the top 11 floors of the AAA Four Diamond-rated Loews Atlanta Hotel, 1065 Midtown’s prime location, architectural detail and exclusive residential amenities are unmatched for those who are seeking fine style, luxury services and impeccable design.

Homes are immediately available for public showing and prices begin in the $600s. For more information, visit

For a complete copy of the company’s news release, please contact:
Liz Lapidus/Andi Hill
Liz Lapidus PR

Gvest Capital Expandis in Charlotte, NC

Kirk Broadbooks
Charlotte, NC – Gvest Capital, a closely-held real estate investment firm, is increasing the real estate expertise of its staff with three new additions:

* Kirk Broadbooks, Chief Financial Officer
* Robert Titus, Senior Vice President of Design and Construction
* Julia Pererva, Director Of Asset Management

“The new team members have the perfect mix of experience for Gvest Capital’s growth,” said the firm’s managing partner Ray Gee. “We already have townhome and apartment developments underway, with mixed-use, office, retail and single-family homes in the pipeline. Their experience – and potential – with large, high-value projects give us the skills and maturity we need for a wide variety of opportunities.”

 Kirk Broadbooks, Chief Financial Officer
Broadbooks is responsible for the firm’s financial accounting, reporting and risk management. He also serves on Gvest Capital’s Investment Committee. He has more than 20 years of wide-ranging finance and accounting experience in commercial and residential real estate. At Pappas Properties, he was the Corporate Controller. His responsibilities included more than $200 million in retail, office, mixed-use and multifamily developments. He previously worked as the Accounting Manager for Mountain Real Estate Capital, where he oversaw accounting for over $400 million of residential projects. He joined Gvest Capital in 2015.

Robert Titus
Robert Titus, Senior Vice President of Design and Construction
Titus manages Gvest Capital’s development, design and construction processes. His three decades of experience includes a wide range of commercial, residential and mixed-use projects including office, multifamily, retail/shopping centers and parking components. Titus was with Pappas Properties as a Senior Vice President of Construction. He was responsible for several mixed-use developments. They include Sharon Square, a $54.5 million project with a Whole Foods Market, 105,000 square foot SunTrust Office Building and 239 apartments; and the $185 million Metropolitan at Midtown, with a 10-story, 195,000 square foot “Class A” office tower, luxury condominiums, retail and restaurant space. He joined Gvest Capital in 2014.

Julia Pererva, Director of Asset Management
Pererva is responsible for managing company assets and on-site property personnel as well as overseeing the day-to-day activities of the company. Pererva works with all members of the team to design and implement strategies to optimize operations and revenue. She ensures that team members have the support and information they need to accomplish company objectives. Pererva joined Gvest Capital in 2015.

Julia Pererva
Gvest Capital, LLC, is a closely-held investment firm that focuses on the acquisition, development and asset management of commercial, multifamily and single-family residential real estate assets. Based in Charlotte, N.C., its leadership includes experienced veterans of the real estate and financial world. For more information, visit

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

Terri Thornton,