Thursday, March 31, 2016

Winston-James Completes New / Expansion Lease for Orlando Furniture Exchange at Aloma Commerce Center in Oviedo, FL


 
Winston Schwartz
ORLANDO, FL  ---  Winston-James Development, Inc. recently negotiated an expansion lease agreement at Aloma Commerce Center, its office/warehouse development located at 2785 Wrights Rd. off Aloma Ave. and S.R. 417 in Oviedo.

Winston Schwartz, a principal at Winston-James Development, based in South Daytona, said Orlando Furniture Exchange, a tenant in 1,200 square feet at Aloma Commerce Center, leased another 940 square feet for a total of 2,140 rentable square feet.  The tenant specializes in quality modern and contemporary refurbished furniture. 

The 75,000 square foot Aloma Commerce Center is nearly 100 percent leased.

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

Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

The Partyka Group at NAI Realvest completes Building Sale in Palatka, FL


Paul Pasrtyka
PALATKA, FL – NAI Realvest recently closed on the investment sale of a 4,754 square foot, flex/warehouse building at 2626 Reid St. off US 17 in Palatka.

The Partyka Group – Paul P. Partyka, partner at NAI Realvest, and associate Juan Jimenez – brokered the sale representing the landlord, Opportunity Fund USA, LLC of Odessa, Fla. 

Buyer Revital Moskowitz of Brooklyn, NY paid $170,000 for the free-standing building built in 1957 on a quarter-acre site in a high-traffic area.    

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

Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com


HFF secures $43.3 million refinancing for 100 Peachtree in Atlanta’s CBD


100 Peachtree, Central Business District, Atlanta, GA
Gregg Shapiro

 ATLANTA, GA -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $43.3 million refinancing for 100 Peachtree, a 625,424-square-foot, Class A office tower in Atlanta’s central business district.

Working on behalf of the borrower, an affiliate of Five Mile Capital Partners LLC, HFF placed the four-year, floating-rate loan with Principal Global Investors.  Loan proceeds were used to retire existing debt and will provide future funds for base building capital improvements as well as tenant improvements and leasing commissions. 

The property’s location along Peachtree Street NW in downtown Atlanta provides tenants with excellent access to public transportation including two Marta stations within blocks of the property, vehicular access to the Downtown Connector (Interstates 75 & 85), an Atlanta streetcar stop at the property’s doorstep, as well as easy access to the Hartsfield-Jackson International Airport, eight miles from the site.

 The iconic, 32-story tower features a conference center with a boardroom, three conference rooms and a mock courtroom; a fitness center; dry cleaner; florist; FedEx-Kinko’s; Dunkin Donuts; Starbucks and parking for 928 vehicles.  100 Peachtree is 61 percent leased to tenants including Koch Properties; Accenture; Fulton County Public Defender; Atlanta Beltline, Inc.; and McGuire Woods LLP.

The HFF debt placement team representing the borrower was led by senior managing director Mark Sixour and managing director Gregg Shapiro. 

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

Kristen M. Murphy
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 the sale and arranges financing for The Four Points by Sheraton Boston Logan Airport

  
Four Points by Sheraton Boston Logan Airport Hotel, Revere, MA


 
Lauren O'Neil
BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale and arranged financing for the 180-room Four Points by Sheraton Boston Logan Airport located in Revere, Massachusetts.

HFF marketed the property on behalf of the seller, Logan Hospitality Associates, LLC, a division of KW Development, LLC.  Fingerprint Hospitality, LLC was an advisor to and an investor in the buyer.  Driftwood Hospitality will manage the asset.

  Additionally, HFF worked on behalf of the buyer to secure a three-year, floating-rate acquisition loan through TIAA Direct, a division of TIAA-CREF Trust Company, FSB.

Located at 427 Squire Road at the Route 60/Route 1 intersection, the Four Points by Sheraton Boston Logan Airport is less than five miles from Logan International Airport and approximately six miles from downtown Boston.

 The property sits on 3.3 acres of land adjacent to the Northgate Shopping Center, and is the only hotel within its competitive set to offer restaurant and entertainment amenities within walking distance.

Denny Meikleham
Renovated in 2013, the hotel offers guests 3,755 square feet of meeting space, an indoor pool, fitness room, complimentary shuttle service, complimentary hot breakfast and in-room high-speed Internet access.  

The hotel also features the Bisuteki Japanese Steakhouse (leased) and a park and fly operation for travelers to Logan International Airport.

The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki. 

HFF’s debt placement team was led by director Lauren O’Neil.

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

Kristen M. Murphy
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 $6.3 million acquisition financing for grocery-anchored retail center in Mesa, AZ


Marketplace at Signal Butte, Mesa, AZ

Greg Brown
NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $6.3 million in acquisition financing for Marketplace at Signal Butte, a 116,358-square-foot, grocery-anchored community shopping center in the eastern part of Mesa, Arizona.

HFF worked on behalf of the borrower, Progression REI, to place the 10-year, fixed-rate loan with Wells Fargo Bank. 

Anchored by Basha’s, an Arizona grocery store chain, Marketplace at Signal Butte is home to Big 5 Sporting Goods, Denny’s, Dollar General, Golden China, Sunrise Daycare, US Nail Spa, Edward Jones, Papa John's Pizza and H&R Block. 

The center is situated on 12 acres at the southwest corner of Signal Butte Road, a north-south artery, and Main Street, one of the original east-west corridors in the southeast valley.

 Just south of Marketplace at Signal Butte is a full-diamond interchange at Signal Butte Road and Interstate 60, and there are more than 83,000 residents living within a three-mile radius of the center.

The HFF debt placement team representing the borrower was led by director Greg Brown.

“Our team at HFF was able to provide our client with an excellent fixed-rate financing solution during a challenging time in the capital markets as a result of our strategic lender relationships,” said Brown. 

"We are grateful to HFF and Wells Fargo Bank for supporting our investment in this well-located and well-designed property with a strong mix of retailers, high current returns and opportunity to grow its value,” said Jim Howard, Progression REI managing partner.

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

Kristen M. Murphy
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


Wednesday, March 30, 2016

HFF named to market for sale the IDS Center in Minneapolis, MN


IDS Center, Downtown Minneapolis, MN

 
Jeff Bramson
 CHICAGO, IL -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has been named to market for sale the IDS Center, a 57-story office tower totaling more than 1.43 million square feet in downtown Minneapolis.

HFF is marketing the architectural landmark on behalf of the seller, Accesso Properties LLC of Hallandale Beach, FL.  HFF sold the property to Accesso in 2013 and arranged acquisition financing on its behalf.

Heralded by the New York Times as “one of the finest skyscrapers built in any American city”, the IDS Center occupies a full city block on Nicollet Mall, the shopping and dining district at the core of the skyway pedestrian walkway system in Minneapolis. 

The iconic post-modern office tower was designed by the influential American architect Philip Johnson in 1972.  

In addition to office space, the 88-percent-leased property includes  the eight-story, glass-enclosed Crystal Court, a retail shopping center and urban park that frequently has traffic counts in excess of 50,000 people per day, and the separately owned 19-story, 281-room Marquette Hotel.

The HFF investment sales team representing the seller is being led by senior managing directors Jeff Bramson and Jaime Fink and managing director Mark Katz.

  For a complete copy of the company’s news release, please contact:
                                                 
Kristen M. Murphy
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


The Summit at Fritz Farm in Lexington, KY Lands Bonobos Guideshop

  
Andy Dunn

BIRMINGHAM, AL — Bayer Properties announced that Bonobos, a high-energy apparel company that designs and sells men’s clothing, has selected The Summit at Fritz Farm to house its next Guideshop.

Bonobos chose The Summit at Fritz Farm for its Kentucky location because of its unique and innovative approach to attracting retail to a sophisticated, yet under-served market.

 The $156 million mixed-use experiential development will open in Lexington in March 2017.

"The Summit at Fritz Farm is a new, innovative development with a strong mix of local and national independent businesses, making it an obvious choice for a Bonobos Guideshop,” said Andy Dunn, founder and CEO of Bonobos. “We're excited to open our first Kentucky location and can't wait to be a part of the vibrant city of Lexington."

 To further customize the experience for Lexington, the Bonobos Guideshop at The Summit at Fritz Farm will offer shoppers a sampling of Kentucky bourbon.

 For a complete copy of the company’s news release, please contact:
                                                 
Gayle MacIntyre, The Wilbert Group
Tel: 404-643-8222

Three JLL Atlanta Brokers Win Prestigious Alvin B. Cates Award From Atlanta Commercial Board of Realtors


Shannon Price

ATLANTA, March 28, 2016 – Robert Metcalf, Gregg Metcalf and Shannon Price from JLL’s Atlanta office have received the Atlanta Commercial Board of Realtors’ Alvin B. Cates Award, one of the most sought-after honors presented by the organization, for their involvement with Mercedes-Benz USA’s new headquarters in Atlanta.

Robert Metcalf
“It is an honor for our team to receive this prominent award,” said Mike Sivewright, JLL’s Market Director for the Atlanta region. 

“Their hard work and dedication to helping Merecedes-Benz USA secure a fantastic location in Atlanta was evident throughout the process, and we are thrilled that we were able to help bring such a great company to the city.”  

The brokers found and secured a 12-acre site for the new campus headquarters, located in Atlanta’s Central Perimeter submarket, and worked with the City of Atlanta, the City of Sandy Springs and multiple Economic Development teams to convince Merecedes-Benz USA that Atlanta was the right fit.

 Simultaneously, JLL negotiated almost 100,000 square feet of temporary office space so Mercedes could begin operations in the city starting July 2015.

The Alvin B. Cates award is presented annually to one person or group for a transaction that is considered to be outstanding, noteworthy and is based on creativity, ingenuity and skill, rather than on volume.

For more news, videos and research resources on JLL, please visit the firm’s U.S. Media web page.

Gregg Metcalf
 JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate.

A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.

 On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014.

 Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

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

Kristin Jones • The Wilbert Group
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
M: 630-363-5747  
@kayjay818

Capital Square 1031 Acquires Galeria Del Rio Townhome Community in Tucson, AZ

  
 
Louis Rogers
TUCSON, AZ – Capital Square 1031 announced the company has acquired Galeria del Rio, a 101-unit townhome community with a variety of amenities in Tucson, Ariz.

Located at 5132 N. Prairie Clover Trail, Galeria del Rio includes 35 two-story buildings and a community clubhouse. The two-story luxury townhomes range in size from three-bedroom to four-bedroom units, each complete with 2.5 bathrooms, an attached two-car garage and a small private enclosed back yard. 

The property, completed in December 2014, is situated on approximately 11.5 acres of land.

“Galeria Del Rio is located in Arizona’s second largest city, a dynamic market anchored by the University of Arizona and home to employers in the national defense industry and hospitals, including Northwest Medical Center,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. 

“The community’s central location provides easy access to employment centers and to the many social and recreational opportunities in Pima County.”

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

Julie Leber                                                                         
 Spotlight Marketing Communications                    
 949.427.5172, ext. 703                   
                                      



The Preiss Company Acquires Four Properties in Strong First Quarter


Donna Preiss


RALEIGH, NC—Officials of The Preiss Company, the nation’s third largest, privately-held, student housing owner-operator, today announced that the company posted strong growth in the 2016 first quarter with the acquisition of four properties and expects continued aggressive growth for the remainder of the year.  Officials also said the company has the most active acquisition pipeline in its history.

“The company added a total of 16 properties in the last 12 months through acquisitions and new management contracts, which increased our room count by 33 percent to more than 28,000 beds at year-end 2015,” said Donna Preiss, founder and CEO, The Preiss Company. 


“Both the company and our institutional investor partners continue to see a significant number of properties coming to market.  Private equity is readily available, and debt remains at historically low rates.  Established players, such as life insurance companies and traditional banks, still view the student housing sector as a sound investment.” 

Preiss noted that the company has expanded its acquisition department to handle the significantly higher due diligence and related acquisition workload.

 “The level of seller interest is high, and we currently are actively pursuing some 10 candidates. Acquisitions don’t follow a set pattern as there are multiple factors that can either postpone or kill a transaction, over which a buyer has little or no control,” she said.

 “We expected a higher acquisition level last year, but getting to the closing table was slower than anticipated.  We completed some of those acquisitions in early 2016 and are optimistic about acquisition growth for the duration of the year.”


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

Patrick Daly
Office Manager
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289




Mortgage Bankers Association Opens Doors Foundation Expands to Boston Children’s Hospital with Ongoing Commitment from radius financial group inc.


Sarah Valentini
Norwell, MA – radius financial group is excited to help launch and fund the Mortgage Bankers Association (MBA) Opens Doors Foundation new ongoing relationship with Boston Children's Hospital. 

MBA Opens Doors works directly with pediatricians and social workers at children’s hospitals to identify potential grant recipients, and this is the Foundation’s first involvement with a hospital located in Massachusetts.

Beginning Friday, April 1, 2016, for every residential home loan radius financial group closes, the company will donate a total of $100 to MBA Opens Doors Foundation. The Opens Doors Foundation makes mortgage and rental assistance payment grants to parents and guardians with critically ill or injured children, allowing them to take unpaid leave from work and spend precious time together without jeopardizing their cherished homes.

Opens Doors is currently able to pass 100 percent of the donations it receives on to families in need of assistance.

"Day in and day out, we are constantly challenging ourselves to make the mortgage experience better - better for us, better for the homebuyer, better for the communities we serve," said radius financial group Principal, Sarah Valentini. "We heard about the opportunity to bring Opens Doors to Massachusetts and the decision to assist in every way imaginable was unanimous. We're honored to help the Mortgage Bankers Association bring the program not only to Massachusetts, but to the #1 ranked children's hospital in the world."

Debra Still
"Not only are we helping with home ownership, but we get to show and share with our clients how they can also touch someone in a time of need," added radius financial group COO and Principal, Keith Polaski. "That's why we do what we do at radius financial group."

“This creative, generous, ongoing initiative makes it possible for Opens Doors to expand,” said Debra Still, Foundation Chairman and President and CEO of Pulte Mortgage. 

“We thank, Sarah, Keith, and the entire team at radius for their leadership and we are honored to be able to start a new relationship with Boston Children’s and provide assistance to families caring for ill or injured children there.”

In addition to Boston Children’s Hospital, the Foundation has ongoing relationship with children’s hospitals in Washington D.C., Dallas-Ft. Worth, Texas, Denver, Colorado, and Houston, Texas to identify potential grant recipients.

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

Ali Ahmad
(202) 557-2727


For radius financial group inc. contact:

Dustin Demeritt
Phone: 781-742-6500 x702


Tuesday, March 29, 2016

MG Properties Group Acquires Russellville Commons Apartments in Portland, OR for $57.85 Million


Mark Gleiberman
San Diego, CA – MG Properties Group, a private San Diego-based real estate investor and operator, has announced the $57,850,000 acquisition of the Russellville Commons Apartments in Portland, Oregon.

 Located in Portland’s Gateway District, an emerging transportation-oriented neighborhood providing convenient access by car and light rail to multiple job corridors throughout the Portland metropolitan area, the 283-unit property was purchased from The Reliant Group, a San Francisco-based holding company.

According to Mark Gleiberman, MG Properties Group Chief Executive Officer, “This acquisition represents an expansion of our portfolio in the Pacific Northwest region, and is a continuation of our strategy to acquire high-quality assets with the potential for value-add improvements and strong current income generation.”

The Reliant Group was represented by Cody Hagerman and Tyler Johnson at HFO Investment Real Estate.  The acquisition was financed with a 10-year fixed-rate mortgage provided by PNC Bank, N.A., member of The PNC Financial Services Group, Inc.

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

Lexi Astfalk or Katie Kea
 (949) 955-7940


Delray Beach Based HC Real Estate Capital Arranges $6.5 Million in Financing for Winn Dixie Anchored Retail Center In Miami Gardens, FL

Miami Gardens Shopping Center, 17201-17237 NW 27th Avenue, Miami Gardens, FL
  
Chris Caveglia
Miami Gardens, FL, March 29th, 2016 -- Chris Caveglia and Kurt Hoffmann of HC Real Estate Capital have arranged $6,500,000 in financing for the shopping center located at 17201-17237 NW 27th Avenue Miami Gardens, FL. 

The 100% leased shopping center was constructed in 1991 and is comprised of 95,545 SF.   The shopping center is made up of a number of local and national tenants including:  Winn Dixie, Planet Fitness, Rainbow Apparel, Wells Fargo and Foot Locker.  

The property is situated on approximately 10 acres of land and is located approximately 2 miles from the Sun Life Stadium.   Financing was arranged through a regional banking relationship at a competitive fixed interest rate that allowed the borrower to carry out their long-term plan for the property.  

HC Real Estate Capital, LLC is a privately owned mortgage-banking firm founded by Kurt Hoffmann and Chris Caveglia.  Based in Delray Beach, Florida, HC Real Estate Capital arranges permanent and bridge commercial and multifamily real estate loans. 

The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors, and commercial banks.

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

Chris Caveglia
HC Real Estate Capital, LLC
660 Linton Blvd. Ste 200 EX5
Delray Beach, FL 33444
Direct: 561-266-3273
Mobile: 561-376-3176


tudent Housing community at University of Central Florida trades hands.


Paul Guyet
Orlando, FL  – Orlando-based Smith Equities Real Estate Investment Advisors announced the sale of The Edge, a student housing community across the street from the University of Central Florida (UCF), to Campus Advantage from Austin, Texas.

 The seller was American Campus Communities also from Austin. Paul M. Guyet, Student Housing Specialist at Smith Equities, negotiated
this transaction.

This property fits well with the ongoing efforts of Campus Advantage to acquire student properties with high occupancies near major universities. The Edge has 312 units and 930 bedrooms.

 The property's amenities include a 24-hour fitness center and recreation center with billiards, foosball and ping pong, swimming pool with hot tub and sundeck, barbecue grills, movie theatre room, tennis court, sand volleyball court, basketball courts and study rooms.

Its units feature private bedrooms, leather-style furniture, washer/dryer and fully-equipped kitchens.

This is Campus Advantage’s second purchase in the UCF market. They also own Northgate Lakes, a 195 unit, 710 bed community. American Campus also owns both Plaza on University, a 364 unit 1,313 bed community, and The Village at Science Drive, a 192 unit, 732 bed community.

The Edge Apartments, Orlando
The occupancy levels in the UCF market are near record highs and no new communities are scheduled in the near future.

Paul Guyet is the student housing specialist at Smith Equities. He has twenty student housing sales, totaling 2,398 units and 8,213 bedrooms, to his credit in Florida.

"If you want to sell or buy student housing in Central Florida, Paul is the man to go to," states Josh Greenleaf, Director of Acquisitions at Campus Advantage.

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

Paul M. Guyet, 407-422-0704, ext. 105

350 East Pine Street . Orlando, Fl 32801 . (407) 422-0704 .

Monday, March 28, 2016

UCF to Unveil $5 Million Renovation of UCF Business Incubation Facilities in Central Florida Research Park


Carol Ann Dykes
 Orlando, Fla. --- The University of Central Florida will unveil the 14-month, $5 million renovation of its UCF Business Incubation Program’s anchor facility in the Central Florida Research Park (CFRP)Wednesday, March 30 from 3 to 6 p.m.
  
who:                University of Central Florida’s Business Incubation Program (UCFBIP), East Orlando Chamber of Commerce and Orange County Government.

what:               Ribbon cutting with tours of new office space and labs and exhibits;  Dr. Tom O’Neal, Founder and Executive Director UCFBIP,  Orange County Economic Development Director Eric Ushkowitz and Florida High Tech Corridor Council President Randy Berridge will address the group.

when:              Wednesday, March 30 from 3 to 6 p.m.

                        Program and Ribbon Cutting 4 to 4:30 p.m.



where:             3251 and 3259 Progress Drive, Orlando, FL 32826


Tom O'Neal
why:                Opened in 1999 as the first of seven UCF Business Incubation facilities in Central Florida, the CFRP site is currently home to nearly 50 technology development companies and has graduated nearly 90 companies.

More than 300 guests are expected, including representatives of graduate companies, business and community partners, vendors, university and local government officials.

Contact:  For more information:

Carol Ann Dykes, Site Manager, UCF Business Incubator-CFRP 407-207-7426, Carolann.Dykes@ucf.edu

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

Beth Payan, Larry Vershel Communications Inc. 407-644-4142 or 407-461-3781  Lvershelco@aol.com





Berger Commercial Realty Secures Two Leases Totaling 7,000 Square-Feet of Retail and Medical Space in Broward and Palm Beach Counties, FL


Joseph Byrnes
FORT LAUDERDALE, FL  (March 28, 2016) - Berger Commercial Real brokers Joseph Byrnes and Michael Feuerman, Esq., CCIM recently closed two lease transactions in Broward and Palm Beach Counties totaling 7,176 square-feet of retail and medical space.

Byrnes, who serves as vice president at Berger Commercial Realty, represented Lauderdale Market Place, Inc. in leasing 4,320 square-feet of retail space to M and W Wholesale, LLC at 2930 N. State Road 7 in Lauderdale Lakes. 

The 16,860-square-foot building is located on a 1.64-acre lot on the southeast corner of State Road 7 and W. Oakland Park Boulevard. It is within minutes of Florida's Turnpike and I-95.

 Feuerman represented Taylor Orthodontic Specialist, P.A. in renewing its lease for 2,856 square-feet of medical space from Bernstein Glades, LLC at Park Plaza West, 9181 Glades Road, Boca Raton.  Feuerman is the managing director of Berger Commercial Realty's Palm Beach County office and a tenant representation specialist.

Additionally, Byrnes and Sales Associate John Forman represented Forman Industrial Land, LLC in leasing­ 21,780 square-feet of land (0.5 acres) to CA-PAR Electric, Inc. at Reese Road and the southwest corner of Florida's Turnpike and I-595 in Davie. The tenant is a subcontractor of FPL and will be using the premises for the storage of electrical equipment and supplies.

For more information about landlord/tenant representation, call Berger Commercial Realty at 954-358-0900 or 561-613-0900.

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

954-776-1999
Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com 

Atlanta Hospitality Alliance Presents John C. Portman, Jr. with Lifetime Achievement Award


John C. Portman Jr.
                ATLANTA, GA,  March 28, 2016—The Atlanta Hospitality Alliance (AHA) today announced that it has presented John C. Portman, Jr., with its inaugural Lifetime Achievement Award for his contributions to the overall architectural look and feel of Atlanta, particularly in the hotel sector.

 The award ceremony was held during AHA’s spring meeting at the new Hotel Indigo Atlanta Downtown, designed by Portman and operated by Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and management company.

                “Atlanta would be a very different city without the vision of John C. Portman, Jr., and the hotel industry would be much more drab,” said David Marvin, president of AHA. 

David Marvin
“Having designed and built some of this city’s most iconic buildings and hotels, including the Atlanta Marriott Marquis, Peachtree Center, SunTrust Plaza and Hyatt Regency Atlanta, Mr. Portman literally has helped architecturally reshape ‘southern hospitality.’  We can think of no better recipient for this inaugural honor.”

                Known for his signature mix of modernism and brutalism, highlighted by massive atriums and long, glassy elevators, Portman’s buildings can be found in 60 cities on four continents, helping redefine cityscapes in America, and skylines in China and the rest of Asia.  

In addition to his Atlanta work, Portman is responsible for such diverse projects as 151 Incheon Tower in South Korea, the Mandarin Oriental in Singapore, the Marquis Theater in Manhattan and the iconic Westin Bonaventure Hotel in Los Angeles.

“I am honored to have been chosen by the Atlanta Hospitality Alliance for this special recognition and doubly honored that you showcased JP Atlanta and the Hotel Indigo by hosting your event there,” noted John Portman, chairman, The Portman Companies.

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

Chris Daly, media
 (703) 435-6293


Michelle Miller Named Chief Accounting Officer Of National Retail Properties, Inc.


Michelle Miller
ORLANDO, FL,  March 28, 2016 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced today that Michelle Miller was named Executive Vice President and Chief Accounting Officer.

Ms. Miller joined NNN in 1999 and currently leads the accounting department as well as oversees financial reporting, forecasting, lease administration and information technology.

"Michelle has been a valuable part of the NNN team for many years and has led many of the initiatives that have allowed us to increase our operating leverage as we have grown significantly over the past several years," said Craig Macnab, CEO and Chairman of the Board.

Prior to joining NNN, Ms. Miller worked as a Senior Manager with KPMG and focused primarily on real estate and financial institutions. She is a CPA and received her B.S. in Accounting from Florida State University in 1991. Ms. Miller is a member of the American Institute of CPAs, the Florida Institute of CPAs and the International Council of Shopping Centers (ICSC).

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2015, the company owned 2,257 properties in 47 states with a gross leasable area of approximately 25.0 million square feet with a weighted average remaining lease term of 11.4 years.


 For more information on the company, visit www.nnnreit.com.

Sunday, March 27, 2016

HFF arranges financing totaling $22.226 million for townhome-style apartment communities in Denver, CO


Platt Park North One and Two Apartments, Platt Park Neighborhood, Denver , CO

 DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged two separate financings totaling $22.226 million for Platt Park North One and Two, two newly-built, 30-unit, Class A, townhome-style apartment communities in Denver’s Platt Park neighborhood.

The combined property (“Platt Park North”) consists of 60 units across 10 buildings, owned separately by Pando Holdings (five buildings) and CF Investments (five buildings).

Leon McBroom
 HFF worked exclusively on behalf of each borrower to secure the seven-year, floating-rate loans through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.

  Both loans, which closed at 2.84 and 2.88 percent interest respectively with two years of interest-only payments, used a forward spread lock component to lock in pricing before spreads started to increase in the market and were used to replace existing construction financing.

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

Completed in 2015, Platt Park North offers a mix of two- and three-bedroom floor plans averaging 1,426 square feet.  The for-rent residences feature energy-efficient construction materials; in-unit laundry facilities; mudrooms; balconies; Nest® thermostats; ENERGY STAR®-rated appliances and windows; and attached two-car garages. 

The property is located just south of the Broadway/Interstate 25 interchange at 110-390 East Mississippi and 1110-1140 South Lincoln Street, approximately 3.3 miles south of downtown Denver.

Josh Simon
 Situated one half of a mile from two light rail stations, the transit-oriented property is walkable to Old South Pearl Street, which is home to multiple retail, dining and nightlife amenities.

 Additionally, within a half mile of the community is the 165-acre Washington Park with its two lakes, historic boathouse, tennis courts, horseshoe pits and seven miles of bicycle/jogging trails.

The HFF debt placement team representing Pando Holdings and CF Investments was led by managing director Josh Simon and associate director Leon McBroom.

 “By doing two separate loans on 30-unit projects, we were able to have these qualify as uncapped business for Freddie Mac,” said McBroom.  “This allowed us to get the borrowers more advantageous pricing and flexibility on their exit strategies.”

  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 closes $25.35 million sale of Beaverton, OR multi-housing community


Spyglass Hill Apartments, 14305 SW Sexton Mountain Drive, Beaverton, OR

 
Ira Virden
PORTLAND, OR –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Spyglass Hill, a 137-unit, garden-style multi-housing community in Beaverton, Oregon.

HFF marketed the asset exclusively on behalf of Hamilton Zanze.  Pacific Urban Residential (PUR) purchased the offering for $25.35 million free and clear of existing debt.

Spyglass Hill is located at 14305 SW Sexton Mountain Drive near major area thoroughfares, including Route 217, Highway 26 and Interstate 5.  

The property’s location positions it approximately 11 miles southwest of downtown Portland and near large regional employers such as Nike and Intel. 

Spyglass Hill is 97.9 percent leased and offers a mix of one-, two and three-bedroom units totaling approximately 122,057 rentable square feet.  Community amenities include a swimming pool, hot tub, barbecue/picnic area, fitness center, clubhouse and business center.

The HFF investment sales team was led by managing director Ira Virden.

“The partnership executed on our business plan for this property and felt that this was an opportune moment to recycle the capital and move on,” said Kurt Houtkooper, Chief Investment Officer at Hamilton Zanze.

  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



M&R Development Forms Joint Venture to Develop 297-Unit Residences at Hamilton Lakes in Itasca, IL

  
Anthony Rossi Sr.
 ITASCA, IL  — M&R Development has entered into a joint venture with Itasca-based Hamilton Partners and equity partner Murphy O’Brien to develop The Residences at Hamilton Lakes, a 297-unit luxury rental community immediately adjacent to the Hamilton Lakes Business Park in Itasca, Illinois.

Slated to break ground this spring, with delivery scheduled for 2017, The Residences of Hamilton Lakes will offer a mix of studio, one- and two-bedroom apartments across three four-story buildings.

Bordered by Prospect Avenue on the east, Arlington Heights Road on the west and Thorndale Avenue on the south, the 10.7-acre community will be the first rental property developed in Hamilton Lakes Business Park, which includes over 3 million square feet of office space, as well as restaurants and two hotels.

“Now more than ever, people want to live close to where they work, as evidenced by all of the residential development occurring in downtown Chicago,” said Tony Rossi Sr., president of Chicago-based M&R Development.

“With the addition of The Residences at Hamilton Lakes – the first development of its kind in the Itasca area since 1990 – thousands of suburban professionals who work in and around the Hamilton Lakes Business Park will finally have a residential option that takes the headache out of their morning and afternoon commutes.

“We’re excited to bring resort-style living to couples, empty nesters, and other renter-by-choice clients in the near western suburbs.” 

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

Sara Williams, swilliams@taylorjohnson.com, (312) 267-4510
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527