Sunday, May 3, 2015

Lincoln to Manage and Lease Midtown Plaza in Atlanta, GA

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Hunter Henritze
ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has been awarded the exclusive management and leasing assignments for Midtown Plaza One and Two, a Class-A, two-building office complex in the heart of Atlanta’s thriving Midtown submarket.

 LPC Realty Advisors, a Lincoln affiliate, purchased the 506,108-square-foot complex, along with the adjacent and vacant 39,000-square-foot 1372 Peachtree Street, on behalf of a state pension fund.

Hunter Henritze and Michael Howell, each a vice president of office leasing for Lincoln, will oversee the leasing of Midtown Plaza, which includes One Midtown Plaza, located at 1360 Peachtree Street, and Two Midtown Plaza, located at 1349 West Peachtree Street.

 In recent years, over $5 million of capital improvements have been made to the building’s systems and common areas, and the new ownership will continue this re-investment program.

Michael Howell
Lincoln’s planned renovations will address building lobbies and corridors, tenant restrooms, building amenities and parking garage enhancements, as well as additional building systems upgrades. 

Immediate plans call for making a ground-floor lobby space in One Midtown Plaza available to an upscale restaurant group that could take advantage of the prominent position on Peachtree Street and the generous outdoor plaza to create a dynamic dining experience.

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

Stephen Ursery
The Wilbert Group
404-405-2354

Six/Ten signs Hillsborough Title to office lease in Winter Haven, FL


Angela Harwell


Winter Haven, FL — Six/Ten LLC has leased a 1253 SF office space at 25 Third Street NW to Hillsborough Title, an independent title agency. The company relocated its operations from another area of Winter Haven to the space downtown.

Aaron M. Davis
“Many companies around the area have started to relocate to the downtown area due to walkability and proximity to local restaurants and retail destinations,” said Angela Harwell, CCIM and broker for Open Door Commercial Real Estate LLC.

 She represented the landlord, Six/Ten, LLC.
Six/Ten built out the space to suit Hillsborough Title’s requirements for an office space, with the first floor location also being a priority.

“As a growing Hillsborough Title location doing business as HomePlus Title, we knew we needed to find a better way to reach out to, and serve, our customers. It was important to us to find a better, centrally located office for our Winter Haven clients,” said Aaron M. Davis, CEO of Florida Agency Network.

Hillsborough Title is a part of the FLORIDA AGENCY NETWORK (FAN), a network of independent title agencies across the State of Florida banding together to form a strategic alliance and partnership to create the largest agency network in the state.

 FAN focuses on personalized customer service including escrow staff, licensed title agents and sales representatives who are dedicated to your business needs.

For leasing information about the retail and office opportunities in downtown Winter Haven, please contact Angela Harwell, CCIM and broker for Open Door Commercial Real Estate LLC at (863)528-6107 or aharwell@opendoorcre.com.

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

 Michelle Friedman
BoardroomPR
407-973-8555

Hospitality Ventures Management Group (HVMG) To Manage New 180-Room Hotel Indigo in Denver, CO


Robert S. Cole
ATLANTA, GA – Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and management company, announced it has signed an agreement to provide third-party management services for the recently announced ground up new development Union Tower West, a 212,000 square foot building featuring the city’s first Hotel Indigo® hotel. 

   The property is at 1801 Wewatta St., adjacent to Denver’s newly redeveloped Union Station.

The hotel is being co-developed by Portman Holdings, a real estate developer with a focus on hospitality, office, and mixed-use properties, and Hensel Phelps, one of the nation’s largest general contractors and construction managers.

            “This marks our second Hotel Indigo collaboration with Portman Holdings,” said Robert S. Cole, HVMG president and CEO.

  “In addition to the Denver property, which also happens to be the first Hotel Indigo® in Colorado, we currently are providing pre-opening services and will manage the adaptive reuse 206-room Hotel Indigo® hotel in downtown Atlanta. 

“We will continue to seek out partnerships with best-in-class capital partners and developers such as Portman as we pursue our growth strategy of acquiring and developing premium branded, full-service and independent properties.  We appreciate Portman’s confidence in our ability to add value to their impressive portfolio of hotels."

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

Chris Daly
Daly Gray, Inc.
703-435-6293

HFF closes $35 million sale of 23-property self-storage portfolio in Kentucky and Ohio


Barbara Guffey
 HOUSTON, TX –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $35 million sale of a 23-property self-storage portfolio with 5,825 units totaling 731,875 rentable square feet located throughout Kentucky and Ohio.

HFF marketed the portfolio on behalf of the seller, Storage Rentals of America and America’s Storage. 

  Elite Stor Capital Partners purchased the assets for $47 per square foot with a new CMBS loan.

The 92.78-percent occupied portfolio consists of 17 self-storage properties in Kentucky and six self-storage properties in Ohio. 

  The 23 self-storage properties have fully-integrated amenities at some or all of the locations, including gate access, security cameras, video surveillance, climate controlled units, on-site management and R/V and surface parking.

The HFF self storage team representing the seller was led by director Barbara Guffey.
“The quality of the assets within the portfolio and the economy of scale is what attracted Elite Stor Capital Partners to the deal,” Guffey said.  “The transaction aligns with their strategic growth plan and is their largest portfolio acquisition to date in the self storage space.”

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 | www.hfflp.com

HFF secures financing for One Hundred Oaks mixed-use center in Nashville, TN


DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for One Hundred Oaks, a 891,470-square-foot, mixed-use retail and medical office center in south Nashville, Tennessee.

HFF worked on behalf of the borrower, LaSalle Investment Management, to secure the fixed-rate loan through Northwestern Mutual.  Loan proceeds were used to refinance the existing debt.    
  
One Hundred Oaks is a retail, entertainment and medical office center with medical office space accounting for more than 50 percent of the overall square footage. 

  One hundred percent of the medical office space is leased to Vanderbilt University Medical Center, which achieved green design and construction industry benchmark certification for LEED-CI (commercial interiors). 


The property was redeveloped in 2009 and 2010 as adaptive reuse and, in addition to Vanderbilt, is 99 percent occupied by Regal Cinemas, Burlington Coat Factory, Ross Dress for Less, T.J. Maxx, PetSmart, Michael’s, Electronic Express, Guitar Center, Ulta Salon, Kirkland’s Home, Sketchers, Logan’s Roadhouse, Panera Bread and Panda Express.

 Situated on 53.64 acres at 719 Thompson Lane in Nashville, One Hundred Oaks is off Interstate 65 and close to the intersection of 65 and the Four-Forty Parkway (Interstate 440).  The property is less than five miles from Vanderbilt Hospital at Vanderbilt University.

The HFF team representing the owner was led by senior managing director John W. Rose, associate director Campbell Roche and associate director analyst Gay Thomas.  

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 | www.hfflp.com

HFF closes $53.5 million sale of Whole Foods-anchored retail center in South Florida


Kimberly Flores
 MIAMI, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $53.5 million sale of Wellington Green Commons, a 112,354-square-foot, Whole Foods-anchored retail center in Wellington, a village in Palm Beach County, Florida.

HFF marketed the property on behalf of the seller, Schmier & Feurring Properties. Weingarten Realty Investors purchased the asset.

Built in two stages in 2008 and 2010, Wellington Green Commons is comprised of the 96,774-square-foot shopping center that contains the Whole Foods Market, inline shops, AT&T outparcel and an undeveloped pad site in addition to a 15,580-square-foot outparcel with Chili's Grill & Bar, Macaroni Grill and BP Amoco/Dunkin Donuts. 

The property is 98.49-percent leased, and tenants of the inline shops include Jason’s Deli, Moe’s Southwest Grill, Massage Envy Spa, Orange Theory Fitness, AmTrust Bank, Posch Boutique and My Community Pharmacy. 

  Situated on 30.1 acres at 2525, 2545-2665 and 2741 South State Road 7 in eastern Wellington, the asset is adjacent to the 1.3 million-square-foot Mall at Wellington Green.

Daniel Finkle
 In 2014, within a three-mile radius of the property, there were 57,315 residents with an average annual household income of nearly $90,000 with 30 percent of residents with annual household incomes exceeding $100,000.

The HFF team representing the seller was led by senior managing director Daniel Finkle, managing director Luis Castillo, associate director Nat Scarmazzi and director analyst Kim Flores.

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 | www.hfflp.com

Crossroads Partners Launches Full-Service Real Estate Firm in Chicago Area


Michael Nortman
Schaumburg, IL – Schaumburg-based Crossroads Partners has launched a new full-service real estate firm, targeting local, national and international clients.

 Formerly known as property management company SVN Crossroads, the new firm will offer expanded services, such as leasing and investment brokerage, and deliver corporate real estate solutions for large, global users.

 “This is a very exciting time for our team and we are well-positioned to make a bigger push in the Chicago market,” said Michael Nortman, principal, who will continue to lead Crossroads Partners.

“As we continue to expand and approach five million square feet under management, this move is a natural progression to better serve our clients and partners.”  

Heading up the firm’s new leasing and brokerage services will be Zachary Fox, who will join Crossroads Partners as a senior vice president. Fox has nearly 10 years of agency leasing experience with Transwestern’s suburban Chicago office and has been involved in acquiring new leasing assignments totaling more than two million square feet. 

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

Kim Manning, kmanning@taylorjohnson.com, 312-267-4527

Emily Johnson, ejohnson@taylorjohnson.com, 312-267-4522

The Sherwood Taipei Welcomes Chef Hiroyuki Kanda of Tokyo for 25th Anniversary Celebration at KOUMA


Tokyo Chef Hiroyuki Kanda
Taipei—April 27, 2015— Highlighting its longstanding commitment to culinary innovation, 

The Sherwood Taipei celebrates 25 years of exceptional epicurean experiences this year with a one-year long food and beverage promotion, launching with a special event featuring Michelin three-star Chef Hiroyuki Kanda of Tokyo.

The world-renowned Chef Kanda will bring his entire Tokyo staff to Taipei from May 12 – May 17 for a series of special limited-seating dinners.  

Chef Kanda will partner with Chef Wachi Isao, the Head Chef at The Sherwood Taipei’s KOUMA restaurant, to create a singular Michelin three-star epicurean experience – the first of its kind in Taipei.

Chef Wachi Isao
Chef Hiroyuki, who hails from the prestigious Kanda restaurant in Tokyo, has received the highest possible Michelin rating for an impressive eight consecutive years.

Whether conjuring up his latest culinary creations in Tokyo or Taipei, Chef Hiroyuki Kanda has become one of the most popular chefs in the world, and reservations to sample his harmonious balance of flavors and textures are in high demand.

Chef Hiroyuki will partner with Chef Isao to orchestrate a delectable symphony of Michelin-worthy meals. Masterful cooking skills will be incorporated with Hiroyuki’s seemingly endless inspiration to transform the best seasonal ingredients into gastronomic pieces of art.

 A master of his craft, Chef Hiroyuki believes “less is more” and specializes in rendering the elegance in cuisine with simplicity. 

Every dish served during this much-anticipated feast will be sure to surprise diners and indulge their senses.  Limited seating is available for dinners between May 12th and 17th 2015. 

For more information, or to book a reservation, visit http://www.sherwood.com.tw

For a complete copy of the company’s news release, please contact:
Hwee Peng Yeo
Vice President, Asia Markets
Glodow Nead Communications
San Francisco • New York • Singapore • Shanghai
Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190
1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111
Asia: 65.9768.6087  US:415.394.6500 • E: hweepeng@glodownead.com


$20.25 Million Buys Suburban Denver, CO Government Office Building in Sale Brokered by Marcus & Millichap


Tammy Saia
LAKEWOOD, CO – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the 115,650-square-foot Western Area Power Administration (WAPA) headquarters building in Lakewood, Colo.

The $20.25 million sales price equates to $175 per square foot.

            Tammy Saia, vice president investments in Marcus & Millichap’s Chicago Oak Brook office, represented the seller, a private investor.

 The buyer is Easterly Government Properties Inc. Richard Bird, vice president and regional manager of the firm’s Denver office is Marcus & Millichap’s broker of record in Colorado.

            “Occupying an entire city block, the building expresses the technical requirements of the tenant agency and reflects its public image,” says Saia. “WAPA officials were actively involved in the planning and procurement of the space for more than seven years. The property is leased to the General Services Administration on behalf of the Department of Energy until 2029.”

Richard A. Bird
            Built in 1999 on 5.7 acres and 100 percent occupied by WAPA, the building is located at 12155 West Alameda Parkway in Lakewood’s Union Square office area. 

The 115,650-square-foot facility features a gently curving footprint that follows the shape of the property and provides for interesting interior spaces. 

The three-story structure contains some of the most advanced operating systems available in the market and many nonstandard technical components required by the government.

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

Gina Relva
 Public Relations Manager

(925) 953-1716

Financing for Austin, TX multi-housing community arranged by HFF


Robert Wooten
AUSTIN, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged financing for Vineyard Hills Apartments, a 202-unit, garden-style multi-housing community in Austin, Texas.

HFF worked on behalf of the borrower to secure the 10-year, 3.58 percent fixed-rate loan through a life insurance company lender.

  Proceeds were used to refinance existing debt on the property.  The loan was structured as a forward loan with the rate locked five months prior to closing.

Vineyard Hills Apartments is located at 7631 U.S. Highway 290 West near State Highway 71 in the Oak Hill area of southwest Austin.  

Completed in 2000, the property has one-, two- and three-bedroom floor plans ranging between 640 to 1,315 square feet each.  Community amenities include a swimming pool, heated spa, clubroom and business center.  The property is 96 percent leased.

The HFF debt placement team representing the borrower was led by director Robert Wooten.

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

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

HFF arranges $360 million financing for development of luxury condominium tower in Midtown Manhattan


Jennifer L. Keller
NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $360 million in financing for the development of 100 East 53rd Street, a new luxury condominium project in Manhattan’s Midtown East neighborhood.

HFF worked on behalf of the borrower, a joint venture between RFR Holding LLC and Vanke Holdings LLC/China Cinda (HK) Asset Management Co. Ltd., to secure the construction loan through the Industrial and Commercial Bank of China.  

Hines is serving as co-developer of the project along with RFR Holding LLC.  Sales and marketing is being handled by Compass and Classic Marketing. 

100 East 53rd Street is situated at the corner of East 53rd Street and Lexington Avenue, adjacent to the renowned Seagram Building at 375 Park Avenue.  

The 61-story tower will have 94 for-sale residences along with ground- and second-floor retail and restaurant space.


Michael Gigliotti



 Due for completion in 2017, the Foster + Partners designed project will have studio, one-, two-, three- and four-bedroom floor plans.  

The amenity-rich project is planned to include a swimming pool, sauna, steam room, state-of-the-art fitness center, yoga room, pilates studio, massage/spa treatment rooms, lounge, media room and concierge service. 

The HFF debt placement team representing the borrower was led by senior managing director Mike Tepedino, managing director Michael Gigliotti and director Jennifer Keller.

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

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

$10.1 Million Buys Mixed-Use Property in West Harlem, NY; Sale Brokered by Marcus & Millichap


Seth Glasser
NEW YORK, NY– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 2070 Frederick Douglass Blvd., a six-story elevator building with 16 residential units and two commercial spaces. 

The $10.1 million sales price equates to $667 per square foot.

            Peter Von Der Ahe, Scott Edelstein, Seth Glasser and Brett Garson, all in Marcus & Millichap’s Manhattan office, represented the seller, 2070 Uptown LLC and the buyer, Prince Street LLC.

            “The property is a fully rent-stabilized, low-maintenance apartment building with market- rate upside two blocks from Central Park,” says Glasser.

            The building is proximate to Columbia University, Barnard College and the A and C subway lines.

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

Gina Relva, 
Public Relations Manager

(925) 953-1716

JLL Bolsters Southwest Property Management Platform; Names Mike Ruppert as Senior Managing Director


Mike Ruppert
LOS ANGELES, CA – Institutional Investors’ desire to increase property values through the use of property management and agency leasing expertise has led JLL to add experienced talent to its roster.

The firm announced Mike Ruppert has joined its property management platform as Senior Managing Director, Southwest Region and property management lead for the Southwest region, including Phoenix.

“Mike’s proven track record of excellent client relationship management, combined with his ability to drive portfolio values, made him the obvious choice for the role,” said JLL President of Property Management Dan Pufunt. “Our clients will benefit immensely from his addition to our platform."

“The Southwest markets are already key targets for the investment community,” added JLL Southwest Market Director Peter Belisle. 

“Having Mike join JLL will allow us to add value in locations where we have a strong footprint, enhance service delivery and relationships with clients, and increase presence in the Southwest CBD markets.


Dan Pufunt


A more than 25-year industry veteran, Ruppert brings expertise in managing client relationships, coordinating best practices and executing management and leasing strategies on portfolios of office, industrial, retail and medical office assets.

He previously served in leadership positions with notable real estate services and development firms, a public office REIT and a private ownership firm. Mike pursued his degree in Business Administration from the University of Minnesota-Winona.

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

Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195