Saturday, October 17, 2015

Wyndham Sets Sail for Barbados, Unveils Plans for Island’s Newest, Five-Star, Multi-Million Dollar Resort


PARSIPPANY, NJ – Highlighting strong and growing interest in its portfolio of upscale brands in the Caribbean, Wyndham Hotel Group, the world’s largest hotel company, today announced plans for further global expansion with the development of the 450-room Sam Lord’s Castle Barbados, A Wyndham Grand Resort.

Located in the parish of St. Philip at the former site of Sam Lord’s Castle—a spot renowned for pirates in the 19th century and one that carries great historical significance in the Caribbean today—the all-new construction resort is being developed with Barbados Tourism Investment, Inc. and will be managed by Wyndham Hotel Group.

“The famous buccaneer Sam Lord settled in this area for its beauty and mystique. Today, we believe he selected the perfect location for our continued growth in the Caribbean,” said Paulo Pena, president and managing director, Latin America and the Caribbean for Wyndham Hotel Group. 

“This new hotel’s spectacular design will surely become an icon for guests in search of unique 5-star offerings and amenities.”


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

Paula Carreiro
Wyndham Hotel Group
22 Sylvan Way
Parsippany, NJ  07054
(973) 753-7927

Barrasford and Bird Worldwide Selects Wyndham Worldwide for First French Mixed-Use Property


Robin Barrasford
London, UK – Developer Barrasford and Bird Worldwide has selected Wyndham Worldwide (NYSE:WYN) as its franchise partner for its first mixed-use development in Europe.

Offering a combination of hotel accommodations, as well as luxury leisure residences, the Wyndham Halcyon Retreat Golf and Spa Resort in Limousin, central France, is the first of its kind in the region to leverage the joint power of the hotel and vacation exchange businesses at Wyndham Worldwide.

“Only Wyndham could provide us with this perfect alliance of both hotel and leisure residence exchange through its Wyndham Hotel Group and The Registry Collection businesses,” said Robin Barrasford, managing director, Barrasford and Bird.

“This deal gives our residential leisure properties a truly unique advantage while delivering exceptional experiences and value to both our luxury residence purchasers and hotel guests. As property developers, we also benefit greatly from the international reach in terms of distribution and marketing that working with this global hospitality leader gives us.”

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

Hannah Gray
Publicasity for Wyndham Hotel Group
+44 (0) 20 3757 6828

Or

Helen Foster
RCI Europe
+44 (0) 1536 314266


Indonesia’s First Wyndham Resort Set to Open Doors in Bali


Wyndham Resort Tamansari Jivva, Bali, Indonesia
BALI, INDONESIA — Wyndham Hotel Group announced plans to open its first Wyndham Hotels and Resorts® property in Indonesia at Bali’s Lepang Beach. Scheduled to open in January 2016, the US $22 million, beachfront resort development will be situated minutes from the world-famous surf break, Keramas.

The agreement between award-winning developer and investor PT. Wijaya Karya Realty and Wyndham Hotel Group, one of the world’s largest hotel companies with approximately 7,700 properties globally, calls for Wyndham’s management arm to manage the resort’s day-to-day operations.

Designed by award-winning Indonesian architect Gregorius Supie, Wyndham Resort Tamansari Jivva will comprise eight villas and 214 apartments set on 1.4 hectares of beachfront land. It will feature an open lobby surrounded by a pool; a second, separate oceanfront pool; a large beach bar; an all-day dining restaurant; conference facilities; and a gym.

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

Angie Christofis
PR & Communications
Wyndham Hotel Group South East Asia and Pacific Rim
T: +61 (0) 7 5512 8307

Lincoln Property Company Southeast Brokers $22.95 Million Sale of Regional Power Center in Warner Robins, GA


 
Kyle Stonis
ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) and SRS Real Estate Partners have arranged the $22.95 million sale of City Crossing, a 298,933-square-foot power center located in Warner Robins, Georgia.

 Tony Bartlett and Chris Sipple of Lincoln and Kyle Stonis and Pierce Mayson of SRS represented the seller, Wells Fargo Bank, N.A., in the transaction. 

D&J Real Estate Management purchased the property, which is anchored by The Home Depot, Ross Dress for Less, HomeGoods, Old Navy and Michaels.

Originally engaged in 2012 as Receiver for City Crossing, Lincoln stewarded the center through a difficult period and was able to re-invigorate the asset through aggressive leasing and management, increasing occupancy to 86 percent while also addressing a variety of complex construction, insurance and legal issues that had collectively stymied project leasing.

Tony Bartlett





“The project really brought out the best in our team and our ability to bring different disciplines within our service platform together to focus on the challenges was key to performance on the assignment,” said Bartlett, senior vice president at Lincoln who oversees the firm’s Atlanta office. 

“Providing our client with a ‘single stop shop’ from which to address the issues and execute a coordinated strategy ultimately added tremendous value for our client.”

Located at 2620 Watson Blvd. in Warner Robins, the property benefits from its location at the intersection of Watson Boulevard and Carl Vinson Parkway, which is crossed by more than 44,000 vehicles per day.

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

Savannah Duncan
The Wilbert Group
404-343-0870
sduncan@thewilbertgroup.com

$17.04 million financing for garden-style apartments in South Florida’s Broward County arranged by HFF


Coral Falls Apartments, 2801 NW 91st Street, Coral Springs, FL

 
Elliott Throne
 MIAMI, FL – October 12, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $17.04 million in financing for Coral Falls, a 190-unit, garden-style multi-housing community in Coral Springs, Florida.

HFF worked on behalf of CF Partners, Ltd. and Iron River Management, LLC to secure the seven-year, floating-rate, interest only loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  

The securitized loan, which has a starting rate of 2.32 percent, will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.  Loan proceeds are being used to continue renovations to the property.

Coral Falls is located at 2801 NW 91st Street in Coral Springs providing access to Boca Raton to the north and Fort Lauderdale and Miami to the south.  

The 97.9-percent-leased asset has a mix of one- and two-bedroom floor plans averaging 1,029 square feet each.  Community amenities include a swimming pool with sundeck, brand new fitness center, picnic areas, tennis court, playground and car wash station.

The HFF debt placement team representing the borrower was led by managing directors Elliott Throne and Josh Simon.

 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 secures $24.8 million financing for Class A apartment community in Charlotte, NC


Jon Mikula

FLORHAM PARK, NJ  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $24.8 million in financing for Andover Woods, a 392-unit, Class A apartment community in Charlotte, North Carolina.

HFF worked on behalf of the borrower, Heritage Capital Group, LLC (Heritage), to arrange the 10-year, fixed-rate Fannie Mae loan through M&T Realty Capital Corporation.  Loan proceeds were used to acquire the property.

Andover Woods is located at 7808 Andover Woods Drive near Interstates 485 and 77, approximately 10 miles south of downtown Charlotte.  The property, which sits on a 44-acre parcel, was constructed in phases between 1986 and 1995 and was 93 percent occupied at closing.

The HFF debt placement team was led by senior managing directors Jon Mikula and Travis Anderson.

“This acquisition was an important transaction for Heritage as they continue to grow their North Carolina multi-housing portfolio.  Lender interest for this loan was high, but M&T/Fannie Mae was quick to get their hands around the deal and provide certainty of execution,” said Mikula.

 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 secures $28.8 million financing for 5 Denver, CO apartment communities

  
1000 Grant Street Apartments, Capitol Hill Neighborhood, Denver, CO

 
Josh Simon
DENVER, CO – October 1, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $28.8 million in financing for five apartment communities totaling 220 units in downtown Denver’s Capitol Hill neighborhood.

Working on behalf of RedPeak Properties, HFF placed the financing in five separate transactions with a national bank.  The seven-year, 3.91 percent, fixed-rate loans were structured as individual loans on each property totaling $28.8 million in aggregate.

  Loan proceeds will be used to refinance existing debt and recover capital investments for the renovations of the properties.

Property Location  Total Units  Avg. Unit Size  Year Built/Renovated Occupancy
929 Marion Street               43 Units         405 SF   1955/2013    100%
970 Pennsylvania Street     32 Units         635 SF   1940/2015     94%
1000 Grant Street               86 Units         742 SF    1963/2014     94%
1075 Corona Street            36 Units         757 SF     1955/2015     86%
1145-1153 Ogden Street     23 Units         706 SF   2012 & 1896/2012  100%

Eric Tupler
The HFF debt placement team representing the borrower was led by Josh Simon and Eric Tupler.

 “HFF provided broad market coverage to ensure that we met our investment objectives. 

"The process was seamless and provided us with several attractive options to consider.  We look forward to working with HFF in the future as we continue to grow our portfolio,” said Bobby Hutchinson, Investment Director for RedPeak.


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 secures $30 million bridge loan for 1550 Westbranch Drive in Tysons Corner McLean, VA


1550 Westbranch Drive, Tysons Corner, McLean, VA

Daniel McIntyre

WASHINGTON, D.C. –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $30 million bridge loan for 1550 Westbranch Drive, a 152,000-square-foot, Class A office building in the Tysons Corner area of McLean, Virginia.

Working on behalf of the borrowers, affiliates of Griffith Properties, LLC and Rubenstein Partners, HFF placed the three-year, floating-rate bridge loan with EagleBank.  The loan has two one-year extension options and is being used to finance the acquisition and repositioning of the property.

1550 Westbranch Drive is situated on a 5.4-acre site close to Tysons Galleria, two Metro stations, Dulles Toll Road, and the new Jones Branch Drive interchange with the I-495 express lanes.  For added convenience, shuttle service is planned from the property to the Metro stations and area amenities.

 Completed in 2001, the six-story building is fully leased to MITRE Corporation, a not-for-profit organization, through late 2016.  Amenities at 1550 Westbranch include a conference center and break-out area, fitness center with shower facilities, cafĂ©, and a 470-space covered parking garage. 

The HFF debt placement team representing the borrower was led by director Daniel McIntyre.

   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 $24.8 million financing for retail center in Vancouver, WA


Hazel Dell Town Center, Vancouver, WA

Bruce Ganong
SAN FRANCISCO, CA– Holliday Fenoglio Fowler, L.P. (HFF) announced it arranged $24.8 million in proceeds to finance Hazel Dell Towne Center, a 264,191-square-foot retail center in Vancouver, Washington. 

HFF worked on behalf of the sponsor, Pine Tree Commercial Realty, LLC, to place the five-year, floating-rate loan with East West Bank.

Situated on 41.7 acres, Hazel Dell Towne Center is visible from Interstate 5, which runs directly into Portland, Oregon, across the Columbia River.  Built between 2005 and 2007, the 84-percent-leased center is home to a variety of national and local tenants, including Kohl’s, Bed Bath & Beyond, Petco, Office Depot, Party City, Payless ShoeSource, Supercuts and a Target shadow-anchor. 

The HFF debt placement team representing the sponsor was led by senior managing director Bruce Ganong, managing director Casey Davidson and associate director Brandon Roth. 

“Hazel Dell benefits from a prominent location along Interstate 5 with excellent visibility,” Roth said.  “Pine Tree has maintained an institutional quality asset since first acquiring the property in 2007, and the new loan provided by East West Bank positions the center to achieve its full potential.”

  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 arranges $88 million construction loan for Urban Union building in Seattle, WA


Rendering of planned Urban Union office development,
501 Fairview Avenue North, Seattle, WA

NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged an $88 million construction loan for Urban Union, a 291,000-square-foot, trophy office development in Seattle, Washington. 

HFF worked on behalf of the borrower, Schnitzer West, LLC, to secure the construction financing with Blackstone Real Estate Debt Strategies (“BREDS”) and Bank of the Ozarks. 

Jennifer Keller
Due for completion in 2016, Urban Union will be a LEED Gold certified, 12-story boutique office building with 284,357 square feet of office space, 6,725 square feet of ground level retail space, and a 392-space subterranean parking garage. 

The development is catering its amenities to TAMI tenants (technology, advertising, media and information sectors) with two key collaborative workspace features: The Union, which is a two-story, 4,500-square-foot gathering space that features a conference center, catering kitchen, quiet room and board room; and The Overlook, an outdoor deck and rooftop conference center with views of Lake Union, Seattle and the Space Needle, as well as an indoor enclosed area that can be divided into smaller meeting spaces. 

Tom Wilson
Additional building amenities include a fitness center with showers and lockers, bike storage and repair center, and concierge service. 

Located at 501 Fairview Avenue North, Urban Union is two blocks south of Lake Union at the gateway to Seattle’s South Lake Union neighborhood, home to Amazon.com, The Gates Foundation, the Fred Hutchinson Cancer Research Center and the University of Washington Biotech campus. 

Access to the property is available via the South Lake Union Streetcar, several Metro bus routes, numerous bike lanes, and ferry service as well from Interstate 5 and State Route 99.

Schnitzer West (SW) is in discussions with multiple companies interested in the property.  SW recently held a “topping out” ceremony to celebrate the placement of the last beam of structural steel atop the highly anticipated 12-story office tower.  Urban Union is on schedule for a March 2016 delivery.

The HFF debt placement team was led by senior managing director Michael Tepedino, director Jennifer Keller and managing director Tom Wilson.

 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 arranges acquisition financing for Keystone Technology Park within North Carolina’s Research Triangle


Keystone Technology Park, 12 Davis Drive, Morrisville, NC

Greg  LaBine
CHARLOTTE, NC –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for Keystone Technology Park, an 11-building, 806,157-square-foot, Class A office and R&D portfolio in Morrisville, North Carolina.

HFF worked on behalf of the borrower, Longfellow Real Estate Partners, to secure the four-year, floating-rate loan through Bank of America.  Additionally, the asset was sold on behalf of Lionstone Partners in a transaction led by HFF’s Chris Norvell, formerly of Cushman & Wakefield Thalhimer. 

 Keystone Technology Park consists of 79.5 acres located at 12 Davis Drive just off NC Highway 147/Triangle Expressway near its intersection with Interstates 40 and 540 in Morrisville.  

The property is adjacent to Research Triangle Park and convenient to area medical and academic research institutions such as the University of North Carolina and UNC Hospitals, Duke University and the Duke University Health System and North Carolina State University.

 The 11 buildings feature a mix of Class A office, electronic lab and wet lab space.  Tenants at the 81-percent-leased park include Syngenta, Booze Allan Hamilton, Advanced Liquid Logic, Intersil Corporation and Infineon. 

Keystone Technology Park offers tenants on-site amenities such as a cafĂ©, fitness center and game room, walking trails, basketball court, picnic areas, food trucks and a weekly farmers market.  The acquisition expands Longfellow’s fast growing ecosystem of premier life sciences and tech space, which includes the nearby award-winning Durham Innovation District (aka Durham.ID).   

The HFF debt placement team representing the borrower was led by managing director Greg LaBine, senior managing director Travis Anderson and associate director Cory Fowler.

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


Sale of Atlanta-area power center closed by HFF


Windward Plaza, 5530 Windward Parkway, Alpharetta, GA

 
Jim Hamilton
ATLANTA, GA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Windward Plaza, a 152,648-square-foot retail center with multiple national anchors in the Atlanta suburb of Alpharetta, Georgia.

HFF marketed the property on behalf of the seller, Columbus Pacific Properties.  Stockbridge Capital Group, LLC purchased the asset free and clear of existing debt.

Situated on 14.5 acres at 5530 Windward Parkway, Windward Plaza is less than 30 miles from downtown Atlanta in Alpharetta, one of Georgia’s most affluent suburbs and a popular office submarket. 

The center is positioned at the northwest corner of GA 400 and Windward Parkway, a heavily trafficked interchange with more than 160,000 vehicles per day.  The property is anchored by LA Fitness, hhgregg and Office Depot.

The HFF team representing the seller is being led by senior managing directors Jim Hamilton and Richard Reid. 

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 sale of and secures financing for 376-unit multi-housing community in southeast Houston, TX


Summer Cove Apartments, 725 FM 1959, Southeast Houston, TX

 
Todd Stewart
 HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured financing for Summer Cove, a 376-unit multi-housing community in southeast Houston.

HFF marketed the property on behalf of the seller, Edgewood Properties.  Westmount Realty Capital, LLC purchased the asset for an undisclosed amount.  In addition, 

HFF secured a seven-year, 3.91 percent, fixed-rate acquisition loan on behalf of the buyer 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.

Situated on approximately 13.82 acres, Summer Cove is located at 725 FM 1959 just off Interstate 45 within one half of a mile from Ellington Field and approximately 17 miles southeast of downtown Houston. 

The property is close to major employment centers such as the Port of Houston, Hobby Airport and NASA.  The 99.47-percent-leased asset has one- and two-bedroom floorplans averaging 729 square feet each and community amenities including three swimming pools, a state-of-the-art fitness center, business center, covered parking and gated access.

The HFF investment sales team representing the seller was led by senior managing directors Todd Stewart and Todd Marix, managing director Chris Curry and associate director JC Clemens.

HFF’s debt placement team was led by associate director Tyler Ford.
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