Friday, September 30, 2016

HFF hires pair of industrial investment sales brokers as directors in its Chicago office

                                         
Jeff Bramson
CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has expanded its investment sales team with the hiring of Kurt Sarbaugh and Robin Stolberg as directors in its Chicago office. 

Mr. Sarbaugh and Mr. Stolberg will focus on industrial investment sales transactions in Chicago and the Midwest.  

The duo joins HFF from JLL, where they worked as a team for the last 12-plus years handling industrial asset sales and leasing for the firm’s Chicago North Suburban market.  Mr. Sarbaugh and Mr. Stolberg began their careers at The Staubach Company. 

Mr. Sarbaugh is an active member of the National Association of Industrial and Office Properties (NAIOP), a former board member of NAIOP’s Developing Leaders and a member of the Association of Industrial Real Estate Brokers (AIRE).  He holds a Bachelor of Science degree in Business Management from Purdue University.

Mr. Stolberg graduated from the University of Illinois with a Bachelor of Science degree in Economics and Finance with a focus in real estate.  He is an active member of NAIOP and is a board director for AIRE and the Children’s Brittle Bone Foundation.


Robin Stolberg
“Kurt and Robin are well respected and successful industrial professionals in the Chicago commercial real estate world and we could not be more pleased that they are joining the HFF team,” said Jeff Bramson, senior managing director and co-head of HFF’s Chicago office.

Their unique skill set and relationships developed from working on both the sales and leasing side of the business will elevate the level of service we can provide to our industrial clients.  Kurt and Robin have clients that range from users to developers and investors of industrial real estate in the Chicagoland region and beyond,”

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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com



HFF hires David Otis as a director focused on investment sales in the Pacific Northwest

  
David Otis
PORTLAND, OR  -– Holliday Fenoglio Fowler, L.P. (HFF) announced David Otis has joined the firm as a director.  Mr. Otis will focus on investment sales in the Seattle market with a particular emphasis on office, land, retail and industrial properties. 
  
Mr. Otis joins HFF from Jones Lang LaSalle, where he served as a vice president for their capital markets team in Seattle.  Prior thereto, he was in the acquisitions and asset management division of Voit Real Estate Services in Newport Beach, California. 

He has also worked at Investcorp International, which is a global private equity firm.  Mr. Otis has a Master of Business Administration with a Finance and Real Estate concentration from UCLA Anderson School of Management and a Bachelor of Arts in Business Administration from Washington State University.

 Additionally, he is an active member of NAIOP (National Association of Industrial and Office Properties).

“We are excited to welcome David to our growing Pacific Northwest investment sales team and are confident that his experience in the region, coupled with his relationships within numerous property sectors, will translate into new relationships for HFF as a firm, as well as enhanced relationships for our already existing clients in the Pacific Northwest region,” said Nicholas Kucha, senior managing director and co-head of HFF’s Portland office.  


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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com





RAF Pacifica Group Announces First San Diego, CA Ground-Up Creative Office Development in this Decade



Rendering of  RAF Pacifica Group's
Planned Office Campus
SAN DIEGO, CA (Sept. 30, 2016) – Moving at a rapid pace, RAF Pacifica Group has acquired  land in Carlsbad, on which the firm plans to build the first true creative office campus in North San Diego County since 2008, according to Adam Robinson, Principal of RAF Pacifica Group.

RAF Pacifica Group acquired the 4.3 acre-land parcel for a total consideration of $4.8 million from Cruzan. 

The development site is located at the intersection of Palomar Airport Road and Innovation Way in Carlsbad, California.

Arik Starck of Cushman & Wakefield represented both the buyer and the seller.


Arik Starck
“This is the first ground-up creative office development in this decade,” says Robinson. “While we’ve seen many developers convert outdated facilities into creative office space formats, we are the first to build a completely new creative office campus in Carlsbad that will attract businesses seeking a true work/play lifestyle.

“Our new development, in•sti•gate, will be approximately 50,000 square feet, and will integrate unparalleled amenities, delivering an innovative creative office aesthetic and a user-friendly experience that will revolutionize the way people work in this market.”

Starck, Senior Managing Director of Cushman & Wakefield, adds, “Carlsbad companies largely consist of biotech, action sports, and technology. 

"These companies thrive on creativity and innovation and represent a new generation of office users. The atmosphere at in•sti•gate is a departure from the typical office building and will foster collaboration and novel ideas.”


According to Robinson, this state-of-the-art creative office development will feature a new level of architecture for the market, as well as rooftop decks, resort-style facilities, an on-site fitness center, indoor/outdoor meeting areas, onsite high end restaurants, loft style buildings with Clam shell glass walls, open exposed HVAC, outdoor BBQ areas, communal quad atmosphere and loft-style buildings with clam-shell glass walls for a coastal vibe.

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

Katie Kea / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Kinzie Builders Retained as General Contractor for Verandah, A Master-Planned, Age-Restricted Community in Hanover Park, IL


Steven Spinell
CHICAGO, IL – Kinzie Builders, a division of Kinzie Real Estate Group, announced it has been retained as general contractor for Verandah, a $40 million master-planned community with assisted living and memory care components, in Hanover Park, Ill.

The age-restricted community is the first project of its kind awarded to Kinzie Builders and will break ground this fall.

Located on Irving Park Road, just east of Barrington Road, Verandah will include for-sale, two-story townhomes and single-level villas and condominiums available to all buyers aged 55 and over. 

All three home options at Verandah offer independent living units, while the condominium building will also include assisted living studios.

 “Multifamily housing has been a large part of Kinzie Builders’ portfolio, and we are looking forward to being a part of this master-planned, age-restricted community,” said Steve Spinell, principal of Kinzie Real Estate Group.

“With Verandah, we are very excited to be expanding our expertise to include communities designed specifically for older adults. The lifestyle this community offers is also something new for this area and we are thrilled to be a part of setting a new standard for age-restricted living in northern Illinois.”

 Verandah is expected to be completed in 2018, with presales for the townhomes and condominiums beginning next year.

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
                   

W Financial Brokers $17 Million mezzanine loan -- Financing at the Speed of New York for a time-of-the-essence acquisition



David Heiden
NEW YORK, NY -- W Financial, a Manhattan-based private bridge lender, has provided a $17,000,000 mezzanine loan collateralized by the borrower’s ownership interests in various cash-flowing multifamily properties located throughout Brooklyn and Long Island.

The borrower is a successful local real estate investor who was scheduled to close on a time-sensitive acquisition and required the funds in order to close on time.

W Financial was able to offer a creative solution to quickly free up some of the borrower’s equity providing the liquidity he needed to close on his time-of-the-essence acquisition. 

The borrower plans to repay the W Financial loan by either selling or refinancing a portion of his portfolio.

W Financial will also consider providing re-hab and construction loans for experienced developers, as well as mezzanine financing on well-located, cash-flowing properties. We will consider providing joint venture equity on cash-flowing properties on a case-by-case basis.

Call me to discuss or contact my partner David Heiden | david@w-financial.com (212) 684-8484, or contact our Senior Loan Officer Jarret Schochet | jarret@w-financial.com (212) 684-2205 to discuss your new bridge loan scenarios.

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

 Gregg Winter - Founder & Managing Partner
W Financial Fund, LP
Special Situation Financing for Commercial Real Estate ®
149 Madison Avenue, Seventh floor
New York, NY 10016
Phone: 212 532-9170
Email: gregg@w-financial.com

http://www.w-financial.com 

Thursday, September 29, 2016

Hold-Thyssen Negotiates New Lease Agreement for Massage and Wellness Spa at Sienna Village Professional Center in Lutz, FL


Theresa Margaris
CLEARWATER, FL --- Hold-Thyssen, Inc., a real estate services firm in Clearwater with offices in Orlando, completed a new lease for 1,466 rentable square feet at Sienna Village, a professional center at 2435 Brunello Trace, in Lutz.    

Theresa Margaris, transaction specialist at Hold-Thyssen, brokered the transaction representing the tenant, locally owned Caribbean Mystique Massage & Wellness Spa.    The landlord is Sienna Village I, LLC

The established massage and wellness spa with a unique approach to renewal and relaxation, provides calm and tranquil surroundings where patrons are transported to a virtual island destination as they’re pampered and cared for.  Caribbean Mystique Massage & Wellness Spa is expanding from its current location in New Tampa.

Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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


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

Wednesday, September 28, 2016

Pollack Shores Details Plans for New Apartments at The Battery Atlanta in Atlanta, GA

   
 
Steven Shores
ATLANTA, GA (Sept. 28, 2016) – Pollack Shores has announced details for “Home at the Battery Atlanta,” the modern new apartments at The Battery Atlanta, the vibrant mixed-use community anchoring SunTrust Park.

The three unique properties will offer a mix of residential options to accommodate any lifestyle with fine dining, specialty shopping and the new home of the Atlanta Braves just steps away.

Located adjacent to the highly anticipated SunTrust Park and opening to residents March 2017, Home at The Battery Atlanta includes three residential communities: The Residences, The Flats and Parkside.

These pet-friendly communities will offer one- and two-bedroom floor plans, outfitted with modern fixtures, stainless steel appliances, open kitchens, quartz countertops, hardwood-style flooring and walk-in closets. 

Residents will have the option of three contemporary designer finish palettes. Each of the properties will have special game day events and top-notch resident affairs.

Parkside will feature 211 residences on the main street in the heart of The Battery Atlanta and directly adjacent to SunTrust Park it’s central plaza. 

The Battery Atlanta Rendering
Parkside will offer residents access to an exclusive clubhouse with unmatched views of the ballpark, a modern pool with sun shelf and lounge seating and a stately lounge and entertainment center featuring billiards and shuffleboard.

The Residences include 81 expansive, sophisticated apartments overlooking the terrace and streetscape in the epicenter of The Battery Atlanta. Residents can enjoy a rooftop bar and lounge with a TV gallery and wrap-around balcony with views of SunTrust Park.

The Flats include 239 residences located in the shopping district of The Battery Atlanta just steps away from upscale shopping and dining experiences. At The Flats, residents have access to a modern pool and clubhouse featuring an entertainment center with a viewing bar, billiards, a gourmet kitchen, a fireplace and a cyber café.

The Battery Atlanta Rendering
“Home at the Battery Atlanta will offer an energized living experience with top-of-the-line residences and unmatched shopping and entertainment right outside your door,” said Steven Shores, president and co-founder of Pollack Shores.

“We’ve created this unique opportunity to not only tailgate from your patio, but also enjoy other qualities residents look for like walking and biking trails and easy access to major highways. It’s a truly unique residential mix with something for everyone.”

The Battery Atlanta features an Omni Hotel, The Coca-Cola Roxy Theatre, a variety of chef-driven restaurants and more than 700,000 square feet of retail and office space.

The Battery Atlanta Rendering
Adjacent to Atlanta Braves' Suntrust Park
In addition, The Battery Atlanta will be home to One Ballpark Center, Comcast’s regional office headquarters housing its Innovation Lab. 

A pedestrian bridge will connect The Battery Atlanta to nearby Cobb Galleria and the property sits at the corner of Interstates 75 and 285, allowing for easy access to and from anywhere in Atlanta.

 For a complete copy of the company’s news release, please contact:
                   
Liana Moran
The Wilbert Group
404-748-1367 (O) 770-905-9915 (C)



New Lease at Lincoln-Managed Lakeside at Peachtree Corners Brings 5250 Triangle Parkway Building to 100 Percent Leased

  
 
Matt Davis
 ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has brokered one new office lease and one lease renewal at Lakeside at Peachtree Corners, an office complex located in Peachtree Corners, Georgia. Matt Davis of Lincoln represented the landlord, The Ardent Companies, in the transactions.

Ansco & Associates signed a new, five-year lease for 30,903 square feet, and Kevin Creel of CRESA represented the tenant. The lease brings the building, located at 5250 Triangle Parkway, to 100 percent leased, and comes on the heels of Stericycle’s new 19,166-square-foot lease, which was announced in June.

In addition to the new lease, Lincoln also secured a 35,607-square-foot lease renewal for Comverge in the 5390 Triangle Parkway building.

“Thanks to its prime location and easy access to major interstates, Lakeside at Peachtree Corners keeps bringing in quality tenants,” Davis said. “With two of the three buildings fully leased and the other building offering top-notch amenities, we believe momentum will continue across the complex.”

Lakeside at Peachtree Corners is a three-building, 181,407-square-foot Class B office complex located in the Peachtree Corners submarket in northeast Atlanta. In total, the property is now 88 percent leased. The office complex is located within walking distance of The Forum shopping center, and features easy access to an impressive and expanding amenity base.

For more information on the Southeast Region of Lincoln Property Company, please visit www.lpcsoutheast.com

 To check out the blog, go to www.lpcsoutheast.com/blog.
 
For a complete copy of the company’s news release, please contact:
                   
Savannah Durban
The Wilbert Group
404-343-0870

HFF secures financing for 370-unit multi-housing community in Cypress, TX


Cortney Cole
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for Coles Crossing, a 370-unit, Class A, garden-style multi-housing community in the northwest Houston suburb of Cypress, Texas.

Working exclusively on behalf of the borrower, Venterra Realty (Venterra), HFF placed fixed-rate acquisition financing through a life company correspondent lender. 

 The loan is for a term of seven years and provides for two, one-year extensions at Venterra’s election. 

The interest rate is 3.21 percent for the initial seven-year term and includes three years of interest-only payments followed by a 30-year amortization. 

 The loan is subject to an initial period of yield maintenance followed by a fixed, declining prepayment schedule.

Coles Crossing is situated on 34.5 acres at 12500 Barker Cypress Road just north of Highway 290 in Cypress.  The property is approximately 26 miles northwest of Houston’s central business district and features one-, two- and three-bedroom floor plans ranging from 678 to 1,376 square feet. 

Community amenities include a swimming pool, playground, fitness center, clubhouse, detached garages and gated access.  The property is 94 percent occupied.

The HFF debt placement team representing Venterra was led by managing director Cortney Cole.

For a complete copy of the company’s news release, please contact:
                   
Kristen M. Murphy
Director, Marketing
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 refinancing for Jefferson Plaza in Arlington, VA


Jefferson Plaza, 1401 South Clark Street, Crystal City Submarket,
 Arlington, VA

Cary Abod
WASHINGTON, DC, Sept. 28, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged refinancing for Jefferson Plaza, a 270,286-square-foot office building located at 1401 S. Clark Street in the Crystal City submarket of Arlington, Virginia.

HFF worked on behalf of an affiliate of Lowe Enterprises Investors to place the floating-rate loan with Square Mile Capital.  Loan proceeds will be used to retire existing financing that HFF secured in 2013, and provide good news funding for lease-up. 

With common areas renovated in 2013 and 2016, Jefferson Plaza is an institutional-quality office building in Crystal City offering tenants a full amenity package including a fitness center, conference center and on-site café.

 Located in the heart of Crystal City, Jefferson Plaza has direct access to the D.C. Metrorail system and is less than a half-mile from Ronald Reagan National Airport, two miles from the Pentagon and less than three miles from downtown Washington, D.C. 

The HFF debt placement team representing the borrower was led by managing director Cary Abod and associate director Robert Carey.

As the Crystal City submarket continues to recover from BRAC and sequestration, Jefferson Plaza is positioned to benefit from increased leasing velocity,” said Abod.  “Jefferson Plaza offers tenants first-class build-outs and best-in-class amenities at competitive rates.”

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


Marcus & Millichap Brokers Sale 83,400-SF Patriot Self Storage of Bobcat Trail in North Port, FL


Patriot Self Storage of Bobcat Trail, North Port, FL
Michael A. Mele
NORTH PORT, FL -- Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Patriot Self Storage of Bobcat Trail, an 83,400 rentable square foot, self-storage facility located in North Port, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office.

Michael A. Mele, senior vice president investments, and Luke Elliott, associate vice president investments, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Mele and Luke Elliott.

“This was a Class A asset in a tertiary market that the developers had done a phenomenal job with. The buyer pool encompassed regional and national groups,” says Elliott.

Patriot Self Storage of Bobcat Trail is located at 2245 Bobcat Village Center Road in North Port, Florida, offering 818 units among 83,400 rentable square feet and 103,990 gross square feet.

 The facility is situated in a densely residential area with many national retailers in the vicinity and is near Interstate 75. The North Port-Sarasota-Bradenton Metropolitan Statistical Area is currently experiencing one of the highest domestic migration growth rates in the country. North Port comprises the highest land mass and population in the MSA.

“This sale proves the market is still very strong for quality self-storage assets,” adds Mele.

For a complete copy of the company’s news release, please contact:
                   
Ari Ravi
Regional Manager
Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges $1 Million Sale of 24-Unit Woodland Bend Apartments in Ocala, FL


Jason Hague
OCALA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Woodland Bend Apartments, a 24-unit apartment property located in Ocala, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,050,000.

Jason Hague, associate, Nicholas Meoli and Michael Donaldson, both vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

The buyer, an individual/personal trust, was secured and represented by Hague, Donaldson and Meoli. 

Woodland Bend Apartments is a 24-unit, garden-style community located at 720 Northeast 30th Avenue in Ocala, Florida. The property is made up of five buildings in total that sit on approximately 1.91 acres.

The unit mix consists of 24 two-bedroom/one-bathroom units which are approximately 900 rentable square feet in size. Woodland Bend Apartments is situated one block north of East Silver Springs Boulevard, a major thoroughfare which sees over 25,000 cars daily.


 
Nicholas Meoli


“After one month of marketing Woodland Bend through our proprietary national platform, our team was able to generate five offers,” says Hague. “We ultimately closed on an all cash basis with an investor who was in a 1031 exchange.”

“Due to the high amount of activity that we received, we were able to guide the buyer to a quick 21-day closing in order to keep their offer competitive. 

"This transaction is a true indication of how active the current multifamily market is, even in tertiary markets such as Ocala,” concludes Hague.

For a complete copy of the company’s news release, please contact:
                   
Ari Ravi
Regional Manager
Tampa, FL

(813) 387-4700

Parallon East Florida Supply Chain Services Expands to 96,000 SF of Space at Miramar Park of Commerce in Miramar, FL



Lauren Pace
MIRAMAR, FL -- Central Shared Services, LLC d/b/a Parallon East Florida Supply Chain Services, recently expanded to 96,238 sq. ft. of space at 10094 Premier Parkway in the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida.

Parallon East Florida Supply Chain Services is a provider of medical and surgical supplies for HCA East Florida, a network of more than 30 healthcare facilities across South Florida and an affiliate of Hospital Corporation of America (HCA).

From the Park, Parallon East Florida Supply Chain Services distributes medical supplies to HCA East Florida's fourteen affiliated hospitals, twelve surgery centers, four free-standing emergency care complexes, two open imaging centers and one integrated regional laboratory. 

The company expanded its space by approximately 20,000 sq. ft. to begin the distribution of consolidated pharmacy supplies to these facilities.

"The Miramar Park of Commerce is ideal due to its close proximity to the facilities we serve," said Chief Operating Officer Tim Piper of Parallon East Florida Supply Chain Services. "We have convenient access to major roads and highways, which easily connects us with our clients from the Treasure Coast to South Miami-Dade County."

Maridee Bell
Parallon East Florida Supply Chain Services currently employs 65 at its location in the Miramar Park of Commerce. With the expansion, the company plans to hire an additional 10 employees.

"In addition to a strategic location, Parallon benefits from the Park's flexibility - there aren't many commercial real estate providers that can expand and contract space to meet the needs of tenants as they change over time," said Maridee Bell, vice president of Sunbeam Properties & Development, developer of the Miramar Park of Commerce.

"This is Parallon's second expansion in the Park. The company has grown to such an extent that they're approaching 100,000 sq. ft. 

"Not only do we have the capacity to house such large-scale tenants, but we have the means to accommodate this growth without moving the tenant to a new location."

In the transaction, Parallon East Florida Supply Chain Services was represented by Tony Martin of TMG Realty Advisors and the Park was represented by Bell and Lauren Pace of Sunbeam Properties & Development.

Coinciding with Parallon East Florida Supply Chain Services' expansion at the Miramar Park of Commerce is HCA East Florida's planned capital investment initiative, which will invest approximately $650 million in healthcare facilities in Miami-Dade, Broward, Palm Beach and St. Lucie counties.


The initiative includes building new facilities and expanding and improving existing healthcare facilities within the East Florida market over the next three years.

The largest health system from the Treasure Coast to Miami-Dade County, HCA East Florida employs more than 16,500 individuals with more than 6,000 physicians on staff, creating an economic impact of more than $2 billion. 

HCA East Florida has the largest emergency room network and the most trauma centers in the area. HCA East Florida hospitals provide $290 million in healthcare services to those unable to pay for their care.

For more information, contact Lauren Pace (lpace@wsvn.com) or Maridee Bell (mbell@wsvn.com) at 10212 USA Today Way, Miramar, FL 33025 or call 954-450-7900.
 
For a complete copy of the company’s news release, please contact:
Lexi Robinson
954-776-1999, ext. 255
lrobinson@piersongrant.com


Prime Location Attracts National Title Insurance Company to Camelback Road in Phoenix, AZ


WFG National Title Insurance Co. Offices, 2777 East Camelback Road, Phoenix, AZ


Chris Latvaaho
PHOENIX, AZ. – A prime location in the heart of the Camelback Corridor has attracted WFG National Title Insurance Company (WFG) to a new lease at 2777 E. Camelback Rd.

Leased by the Phoenix office of JLL, the new location provides WFG with direct exposure to Camelback Road in a contemporary, highly amenitized office environment.

JLL Vice President Chris Latvaaho, Managing Director John Bonnell and Senior Vice President Brett Abramson represented property owner DRA Advisors/Fountainhead Equity Partners.

Michael Stone of The Stone Group represented WFG, a national provider of premium title insurance and settlement services to the real estate and mortgage industry. As of Q1 2016, WFG was the fastest growing national title underwriter and the nation’s sixth largest provider of title insurance.

“2777 is perfect for forward-thinking companies like WFG who are looking for unique, modern, flexible space that differentiates itself from the submarket’s mega office complexes and towers,” said Latvaaho. “With this property, tenants get a one-of-a-kind infill location without compromising environment, infrastructure or amenities.”


John Bonnell
Totaling 104,618 square feet, the 2777 building sits at the southwest corner of 28th Street and Camelback Road, in the heart of the prestigious Camelback Corridor.

The building offers 36,000-square-foot floorplates, with contemporary features including 13-foot ceilings, raw concrete open space, a shared tenant conference room and surface and two-level underground parking.

“With their directive to ‘communicate, collaborate, coexist,’ WFG is a major national brand focused on changing the way traditional mortgage and real estate transactions are done,” said Fountainhead Equity Partners President Art Cunningham.

“This space will support them in those goals, with flexible floorplates for more efficient operations, direct Camelback Road exposure for their growing brand and top-notch amenities to help them attract and retain the best talent.”

In addition to offering 16 restaurants within walking distance, 2777 is only blocks from Biltmore Fashion park, less than 1.5 miles from State Route 51 and a quick drive to Sky Harbor International Airport.

Additional building amenities include views of Camelback Mountain and Piestewa Peak, on-site owner/management and security, and unmatched signage opportunities.

Brett Abramson
WFG will relocate from 1420 E. Missouri Ave. in Phoenix into 6,058 square feet on the ground floor at the 2777 building in November. It joins current building tenants UMB Bank, The Lavidge Company and Hill International and Avison Young.

JLL continues to market space at 2777 E. Camelback. Available suites range from 1,997 square feet to 28,728 square feet.


For a complete copy of the company’s news release, please contact:
Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

RAF Pacifica Group Announces New Ground-Up Development of Four-Building, 212,000-SF Creative Industrial Campus in California


Rendering of Planned Industrial Campus Building

SAN DIEGO, CA  (Sept. 28, 2016) – On the heels of its recent development activity in the Carlsbad submarket of San Diego, RAF Pacifica Group has acquired 15.65 acres of land in San Marcos, on which the firm plans to build a four-building, creative industrial campus totaling 212,000 square feet, according to Adam Robinson, Principal of RAF Pacifica Group. This is the firm’s first ground-up spec industrial development in San Marcos.

Adam Robinson
The development site is located at the intersection of Bostick Boulevard and Norman Strasse Road in San Marcos, California. Located in the heart of the 78-Corridor, pro•duc•tion offers access to the I-5, I-15, and Highway 78 for transportation.

Mike Erwin and Tucker Hohenstein of Colliers International represented RAF Pacifica Group as the buyer in the transaction. Adam Molnar and Greg Lewis of CBRE represented the seller.

pro•duc•tion is slated to break ground in the first quarter of 2017.
  
“Very little industrial product has been built during the last cycle in San Diego’s North County market,” says Robinson. 

“As an active developer with over one million square feet of new ground-up product underway in San Diego, we are the first to bring a truly innovative Creative Industrial™ product to San Marcos, with features such as floor-to-ceiling glass entryways, indoor/outdoor amenity areas, and modern finishes. In doing so, we are reimagining the industrial workplace and delivering a work/play environment like no other in the market.”

The firm’s planned development, “pro•duc•tion,” will be a sprawling creative industrial campus, with spaces ranging from 34,000 to 90,000 square feet, designed with the flexibility to expand or shrink as needed to support tenants throughout their business cycles.

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

Katie Kea / Jenn Quader
Brower, Miller & Cole
(949) 955-7940


Tuesday, September 27, 2016

Berger Commercial Realty Named Exclusive Sales Agent for $19 Million Portfolio of Three Business Parks Totaling 207,752 SF in Fort Lauderdale, FL


Joseph Byrnes
FORT LAUDERDALE, FL  (Sept. 27, 2016) - Berger Commercial Realty was appointed by Rising Tide Development, LLC as the exclusive sales agent for a portfolio consisting of three business parks in Fort Lauderdale. Listed at $19.275 million, the properties span 16.24 acres and total 207,752 square-feet of office, flex and industrial space.

Senior Vice Presidents Joseph Byrnes and Keith Graves and Senior Sales Associate Jonathan Thiel will serve as the brokers for the portfolio, which includes:

Powerline Business Center, an 82,339-square-foot grade-level warehouse, showroom and office park located at 5601 N.W. Powerline Road, which is 97 percent occupied and offers high visibility on Powerline Road;

Cypress Creek Executive Court, a 70,822-square-foot business park located at 2700 W. Cypress Creek Road that is 88 percent occupied and offers ample parking and convenient access to all of Broward County and South Florida;

and Cypress Creek Business Park, a 54,600-square-foot, two-building, single-story office and flex park located at 6555 N.W. Powerline Road, which is 82 percent occupied and features plentiful parking, round-the-clock access and flexible floorplans.


Keith Graves
"These are multi-tenant investment-grade properties with an in-place cash flow," Graves said. "This is a great opportunity for a potential buyer to acquire premier commercial property as either an entry point into the local market or as an addition to an existing commercial real estate portfolio."

Berger Commercial Realty was appointed as the exclusive leasing agent for the properties in 2014 and has increased the total average occupancy from 60 percent to 85 percent.

For more information about Berger Commercial Realty's brokerage services, call 954-358-0900.

 For a complete copy of the company’s news release, please contact:
 
Lexi Robinson, ext. 255, lrobinson@piersongrant.com
Marielle Sologuren, ext. 226, msologuren@piersongrant.com

954-776-1999

Marcus & Millichap Arranges $4.35 Million Sale of 42-Unit Tampa Commons Apartments in Tampa, FL


Evan Kristol
TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Tampa Commons, a 42-unit apartment property located in Tampa, FL, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $4,352,500 equating to $103,630 per unit.

“The property offers a competitive advantage by providing newly-constructed three-story townhomes with the largest floorplans in the submarket.  

Apartments features hardwood flooring, fully equipped kitchens with attractive stainless steel appliances, private balconies, garden-style tubs, washer/dryers in each unit, and private two-car garages,” says Evan Kristol, senior vice president investments, in Marcus & Millichap’s Fort Lauderdale office

Kristol, along with Brandon J. Rex, vice president investments, in Marcus & Millichap’s Fort Lauderdale office, along with Nicholas Meoli and Michael Donaldson, vice presidents investments, in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Boca Raton, FL and the buyer, a partnership from Montreal, Canada.


Brandon J. Rex
Built in 2008 and 2009, Tampa Commons is situated on an approximately 1.83 acre site, and is comprised of six, three-story masonry-constructed buildings.  

The unit mix is comprised of 20 three-bedroom/three-and-one-half bathroom townhomes, 12 three-bedroom/three-and-one half bathroom townhomes, and 10 four bedroom/three-and-one-half-bathroom townhomes.

Tampa Commons is situated on North 58th Street, between East Fletcher Avenue and East Fowler Avenue. East Fletcher and East Fowler Avenues are both major east/west area thoroughfares, providing access within minutes to Interstate-275 to the west, and Interstate-75 to the east.  

The property is located at 5718 Las Ventanas Drive in Tampa, FL.

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

  Ryan Nee
Vice President / Regional Manager,
 Fort Lauderdale, FL
(954) 245-3400



NAI Realvest Names Rachel Saunders Associate


Rachel Saunders
ORLANDO, Fla. -- NAI Realvest, one of central Florida’s largest commercial real estate services companies, recently named Rachel Saunders, MBA an Associate.

Robin Webb, managing director at NAI Realvest, said Saunders has more than 12 years of experience in business and real estate. 

Saunders is a successful real estate entrepreneur and has been a partner and owner in real estate investment companies since 2004. 

She started and owns Southeast Ingenuity Investments, Inc. where she has been active in growing a portfolio of rental properties. 

Additionally, she has developed land for a Nashville suburb, and also sold hundreds of acres to Nestle Waters North America for aquifer use with water bottling companies.

Most recently, she worked with KW Commercial as a Commercial Agent and Realtor.  Early in her career, she worked with the Office of the Governor in Tallahassee as a Community Liaison, collaborating with businesses, non-profits and government agencies in building a state-wide coalition of child mentors.

Robin Webb
Her community and civic involvement includes Former Chair of Greater Orlando American Heart Association’s volunteer base, known as the “Passion” committee, and an appointment to the City of Winter Garden’s Canvassing Board.

Saunders holds an MBA from Florida International University.  She will be working with the NAI Realvest team of Chairman George Livingston, specializing in site selection, development, investment services, tenant representation and consulting.

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

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


NAI Realvest Completes Sale of 6,822 Square Foot Orlando, FL Office/Retail Building for $400,000


 
Paul Partyka
ORLANDO, FL  --- NAI Realvest recently completed a $400,000 sale of an office / retail building at 3801Dahlia Drive off SR 436 in Orlando. 

Paul P. Partyka, Partner at NAI Realvest and Associate Juan Jimenez negotiated the sale representing the local Seller, Princess Tracy Co., Ubc.   

Goodrich Partners, LLC, a local investment firm, is the buyer of the 6,822 square foot building constructed in 1955 on 0.41 acres.   The property was purchased as is as part of a 1031 exchange. 

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

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

  

HFF closes $147 million sale of 504-unit multi-housing community in Nanuet, NY


Jose Cruz
FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $147 million sale of eaves Nanuet, a 504-unit multi-housing community in Nanuet, New York.

HFF marketed the property exclusively on behalf of the seller, AvalonBay Communities, Inc.  A joint venture between Harbor Group International, LLC and Azure Partners LLC purchased the asset free and clear of existing debt. 

 This transaction represents one of the largest apartment sales to have occurred in Rockland County, New York.

eaves Nanuet is situated on 54 acres at 100 Avalon Gardens Drive in the Rockland County community of Nanuet.  

The transit-oriented property is located near Interstate 287’s intersection with the Garden State Parkway and Palisades Interstate Parkway and Nanuet’s Metro North train station and park and ride lot, providing access to the George Washington Bridge and Midtown and Lower Manhattan.

 The 97-percent-leased community has 64 buildings totaling 504 homes, with a diverse mix of one-, two- and three-bedroom apartments averaging 1,208 square feet in size.  Apartments feature loft spaces, gas fireplaces, closet and attic storage, in-unit washers and dryers, direct-access personal garages and patios/balconies. 

Kevin O'Hearn
Community amenities include an outdoor swimming pool with sun deck, two tennis courts, grilling areas, two playgrounds, clubhouse, fitness center, yoga room, indoor basketball and racquetball courts and a resident lounge with fireplace and business center.

The HFF investment sales team representing the seller was led by senior managing director Jose Cruz, managing director Kevin O’Hearn, directors Michael Oliver and Stephen Simonelli and associate director Robert Borny.

“Demand for well-located, value-add multi-housing continues to be very strong – especially in high-income submarkets like Nanuet,” said Cruz.  “This property is one of the largest in the county and provides investors with significant upside.”

  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