Tuesday, December 1, 2015

1000 South Clark in Chicago’s South Loop Opens for Pre-Leasing

Sheila Byrne
                                              CHICAGO, IL – Chicago-based The Habitat Company has announced the start of pre-leasing at 1000 South Clark, a new 469-unit luxury apartment tower in Chicago’s South Loop neighborhood. 

The building is slated for delivery in early 2016 and is a joint venture between Chicago-based JDL Development and New York-based iStar.

The development will offer studio, one-, two-, and three-bedroom residences ranging from 512 to 2,730 square feet with rents ranging from $1,625 to $6,784. 

Additionally, 1000 South Clark will also feature six three-bedroom rental townhomes averaging 2,635 square feet, which will include a two car garage. Select townhome floor plans will also offer 3 ½ baths. Townhome rents start at $5,823.

“1000 South Clark residents will enjoy five-star finishes and more than 40,000 square feet of amazing amenities,” said Sheila Byrne, executive vice president of property management at The Habitat Company. “Add to that convenient access to the amazing variety of shopping, dining and entertainment options that the South Loop has to offer, and we know this building will be at the top of renter’s wish lists.”

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

Cara Mooses, cmooses@taylorjohnson.com, 312.267.4523
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

First Residents Move into Brighton Mews in Park Ridge, IL

Jerry S. James
CHICAGO, IL – Just in time for the holidays, homebuyers have begun moving in at Brighton Mews, Edward R. James Companies’ 29-unit townhome community in the heart of downtown Park Ridge. 

The development, located at the corner of Northwest Highway and Washington Street, is 60-percent sold.

“Buyers have been drawn to Brighton Mews’ location and functional floor plans, and at a price point that makes it attainable to enjoy new construction in a sought-after North Shore community, “said Jerry S. James, president of Glenview, Illinois-based Edward R. James Companies.

“This is particularly true for buyers who work in the city, as Brighton Mews is walkable to the Metra Station for a 25-minute express ride to downtown Chicago.”

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Class A retail center sells for $25.5 million in Clearwater, FL

Michael Milano
CLEARWATER, FL – An affiliate of North American Development Group has purchased Courtyard at Countryside, a prominent retail center in Clearwater, for $25.5 million.

The center is anchored by Kohl’s and Total Wine & More and is located at 2514-2532 State Road 580, across from the Westfield Countryside shopping mall. It was fully leased at the time of sale.

Michael Milano, CCIM, MAI, and Ron Schultz of Colliers International Tampa Bay represented the seller, Skylark Plaza, LLC, which developed the property in 2008.

“Class A retail properties like Courtyard at Countryside are very much in demand,” said Milano, Managing Director, Retail Investment Services for Colliers International Tampa Bay. “Recognizing this, the seller decided to take advantage of the favorable market conditions.”

Ron Schultz
Courtyard at Countryside is home to a number of other well-known tenants, including Panera Bread, EverBank, Salon Lofts, Sport Clips and Tijuana Flats. 

In addition to being located on a prominent corner, it is directly across from Westfield Countryside, a 1.3-million-square-foot mall anchored by Dillard’s, Macy’s, JCPenney, Sears and Whole Foods.

“Courtyard at Countryside is well-positioned within a highly successful concentration of regional retail properties,” said Schultz, Director, Retail Investment Services for Colliers International Tampa Bay. 

“The property’s large trade area and quality tenant mix make this a top-quality asset to add to the buyer’s existing portfolio of retail properties.”

North American Development Group (NADG) is one of North America’s leading shopping center acquisition and development companies. For almost 40 years NADG has been active in the development, acquisition, redevelopment and management of over 250 shopping centers totaling more than 30 million square feet, with an enterprise value of over $3.5 billion.

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

Leah Saunders 
Senior Account Executive
B2 Communications
p 727.895.5030 x104 | c 813.924.0367

HFF hires Peter Rotchford as a director in its New York office

Peter Rotchford
NEW YORK, NY – Dec.1, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that Peter Rotchford has joined the firm as a director in its New York office.

 Mr. Rotchford will focus on fixed and floating-rate debt and equity placement transactions in the greater New York City area with a particular focus on multi-housing, office, hospitality and healthcare/seniors housing transactions. 

Mr. Rotchford joins HFF from Avison Young where he was a director in charge of sourcing and placing debt and equity opportunities for the firm nationwide.  Prior to Avison Young, he worked as a financial analyst in Colliers International’s Healthcare Group and before that for Gale International in Shanghai, China.

 Mr. Rotchford is a licensed real estate salesperson in New York and has a bachelor’s degree from Saint Michael’s College in Colchester, Vermont.

“HFF continues to make strides in growing our New York City market share with key hires like Peter, who help provide the best team on the field for each transaction,” said Michael Tepedino, senior managing director and co-head of HFF’s New York office. 

“Peter brings with him a wealth of experience in the healthcare/seniors housing space; strengthening our capabilities in the sector.  In addition, his thorough understanding of the Chinese real estate markets will be beneficial as we continue to see increased levels of foreign capital across all property types and lines of business.” 

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